5 Things To Do In Your Twenties to Retire in Your Thirties

Is it really possible to do things in your twenties to set yourself up for retirement in your thirties? Yes! It is possible. Is it guaranteed? Of course not. There will always be factors outside of your control, but that doesn’t mean you shouldn’t go for it. Retirement in your thirties might be a lofty goal, but it is not impossible. So, why not work towards that goal? What is the worst thing that can happen? Good choices in your twenties might put you on the path to retirement. At worst, they will put you on the path to prosperity. Either way, here are 5 things that you can do to retire in your thirties.

1. Learn the Difference between Good and Bad Debt

Creating wealth often requires that you go into debt temporarily in order to make a profit later. This means that you need to have an excellent credit rating. Many people make the mistake of believing that the best approach to early retirement is to never go into debt. This is a big mistake. Having no debt means that you have no credit. This means that when you do need to go into debt, to invest in real estate, for example, creditors have no way of knowing if you are worth the risk. This is why incurring some good debt is necessary.

Good debt is a reasonable amount of debt that you carry, based upon the income that you pay in a timely manner. One example of good debt would be a credit card that you obtain through the local bank that you carry a small balance on. As long as you make payments on time, and you carry over a small balance each month, you will be creditworthy when you need to borrow money. Just keep your debt to a minimum.

On the other hand, bad debt can be high-interest credit cards where you make only minimum payments and are frequently late, buy here pay here car purchases, and many types of an in-store credit. Avoid this type of debt like the plague.

2. Start Saving Immediately and Make Sacrifices to do So

If you want to retire in your thirties, you will need to build a healthy, liquid savings account now. This will be your source of emergency funds. In addition to this, once you build up enough savings, you can begin to move some of this cash into a retirement fund or into other investments.

Your next question is probably how much should you have available in savings? That depends on your lifestyle and income. However, many experts say that you should save 1 to 2 years’ worth of income in case of an emergency? Just remember that your goals are different than your peers. They may be fine simply putting away 10 percent of each paycheck. If you aren’t making enough to save adequately this could be one of many signs that it is time to change careers. You, on the other hand, will need to put away much more. In fact, you will have to make important personal choices and sacrifice some wants to make early retirement happen.

3. Live as Simply as Possible

Consumerism is one of the biggest barriers to financial success. Every day, you are targeted with ads that are designed to do nothing more than thinking that you need to purchase products or services that you don’t really need. Take a look at your life as it is right now. What can you simplify, what can you give up, where can you cut back? For example, do you really need to own a car and a home? Are the maintenance and payments on both worth it? Maybe you could cut some complications out of your life and save money if you purchased a small condo that was close to work and rode the bus. Do you really need that full cable package with all of the sports and movie channels? Could you live with Netflix and just pay for wi-fi instead? What about using your smartphone as an internet hotspot instead of enriching some major cable conglomerate?

4. Don’t Purchase: Invest!

Speaking of overconsumption, remember that every dollar that you spend on a good or service is a dollar that you are not using to invest in your future. If you prioritize putting money into retirement savings or towards other investments, you can earn money on your money. This will go much further than money spent on some item that is going to depreciate over time. Whether you have a 401k or some other retirement plan, be sure that you are contributing the maximum amount that you can. Remember, if your employer has a matching program, you are throwing away money if you don’t invest at least that amount from your own paycheck.

When you get raises, tax refunds, or other windfalls of cash, don’t fall into the temptation to make some big-ticket purchase or take a vacation. Instead, put that money towards your investments. If making a purchase is necessary, focus on getting the most value for the smallest amount of money.

5. Make Your Free Time Productive Time

There is absolutely nothing wrong with enjoying life, doing things that make you happy in your downtime, and even procrastinating from time to time. However, if you are like many people, you waste several hours each week simply being unproductive. This is time spent surfing the internet, watching television, and otherwise doing nothing that is constructive. Consider taking some of that spare time to pick up an extra job or starting a side business, to learn a new skill that you can monetize down the road, or to learn more about investing.


Wouldn’t it be great to get out of the rat race instead of working for the next forty years? If you make some sacrifices and smart choices now, this could be a very real opportunity for you.

5 Things You Can do in Your Twenties to Retire in Your Thirties
Rick Riddle

About the Author

Rick Riddle is a marketing consultant and an up-and-coming blogger whose articles aim to help people with e-learning, career, entrepreneurship, self-development, and digital marketing.

Feel free to follow Rick on twitter and LinkedIn.

Positive Words Research – 5 Things You Can do in Your Twenties to Retire in Your Thirties

Best 94 Affirmations for Financial Prosperity and Abundance

Find below 94 affirmations for financial prosperity. These money affirmations will change what your brain thinks about financial abundance. The prosperity affirmations will change your thoughts from thinking scarcity to thinking abundance and you will attract very fast financial prosperity.

Repeat and reflect constantly on the below affirmations for financial prosperity and you will for sure increase your energy for attracting money.

  1. I love financial abundance.
  2. I love financial abundance and financial abundance loves me.
  3. I am grateful for financial abundance.
  4. I am grateful for financial abundance and financial abundance is grateful for me.
  5. I am financial abundance.
  6. I am blessed with financial abundance.
  7. I am a magnet for financial abundance.
  8. I choose financial abundance.
  9. I have financial abundance.
  10. I affirm financial abundance.
  11. I appreciate financial abundance.
  12. I attract financial abundance.
  13. I have financial abundance in every detail of my life.
  14. Financial prosperity is blessing me.
  15. The energy of financial abundance is blessing me.
  16. God is blessing me with financial abundance.
  17. God has blessed me with financial abundance.
  18. I have enough financial abundance.
  19. I have more than enough financial abundance.
  20. There is an abundance of financial prosperity and it’s on its way to me.
  21. I am a financial prosperity magnet.
  22. I am receiving financial abundance every day.
  23. Thank you. Thank you. Thank you for financial abundance.
  24. I have plenty of financial abundances.
  25. I can afford financial abundance.
  26. Financial prosperity comes easily and frequently.
  27. I am good at financial abundance.
  28. I have always been able to be financially abundant.
  29. I have always been able to have financial abundance.
  30. I am very good at receiving financial abundance.
  31. I am very good at welcoming financial prosperity.
  32. I am very good at attracting financial abundance.
  33. I love my financial abundance.
  34. My financial abundance is good.
  35. I am always financially abundant.
  36. I am a very good financial abundance maker.
  37. I can see easily, clearly and effortlessly my financial abundance.
  38. It is easy for me to make financial abundance.
  39. Financial abundance seems to stay in my hands.
  40. Life is full of financial abundance.
  41. I embody financial abundance.
  42. Money flows effortlessly into my life.
  43. I am open and willing to allow financial abundance to come to me.
  44. Financial abundance flows to me from multiple sources.
  45. May I be blessed with financial abundance.
  46. Financial abundance is there and I tune myself to it.
  47. Financial abundance is my birthright.
  48. I love money.
  49. I love money and money love me.
  50. I am grateful for the money.
  51. I am grateful for money and money is grateful for me.
  52. I am money.
  53. I am blessed with money.
  54. I am a magnet for money.
  55. I choose money.
  56. I have the money.
  57. I affirm the money.
  58. I appreciate the money.
  59. I attract money.
  60. I receive money with every detail of my life.
  61. Money is blessing me.
  62. The energy of money is blessing me.
  63. God is blessing me with money.
  64. God has blessed me with money.
  65. I have enough money.
  66. I have more than enough money.
  67. There is an abundance of money and it’s on its way to me.
  68. I am a money magnet.
  69. I am receiving money every day.
  70. Thank you. Thank you. Thank you for the money.
  71. I have plenty of money.
  72. I can afford the money.
  73. Money comes easily and frequently.
  74. I am good at money.
  75. I have always been able to be good with money.
  76. I have always been able to have money.
  77. I am a very good money manager.
  78. I am very good at handling money.
  79. I am very wise about investing money.
  80. I love my money.
  81. My money is good.
  82. I am always receiving more opportunities to make money.
  83. I am a very good money maker.
  84. I can see clearly my money.
  85. It is easy for me to make money.
  86. Money seems to stay in my hands.
  87. Life is full of money.
  88. I embody money.
  89. Money flows effortlessly into my life.
  90. I am open and willing to allow money to come to me.
  91. Money flows to me from multiple sources.
  92. May I be blessed with money.
  93. Money is there and I tune myself to it.
  94. Money is my birthright.

Positive Words Research – 94 Affirmations for Financial Prosperity

Financial Success

Top 7 Basic Rules for Financial Prosperity And Abundance

The level of your financial prosperity influences your level of well-being. The result of an experiment performed on wealthy people says that your happiness level is strongly correlated with your money until you are able to generate 5000 euros a month. Above this figure, your happiness does not depend on your money anymore, if  you keep this flow steady.

But how do you generate 5000 euros a month and even generate more, so that you can fully focus on other sections of your life?

Lack of financial education is the main reason why people don’t have money. You will learn all your life how to reach financial success or financial freedom, but there are top 7 basic rules for financial prosperity. Your wealth depends on, you, actually applying, in reality, the below rules. The rules are written according to their importance, from first place to last place.

1. Pay yourself first for financial prosperity

Pay Yourself First is the central message of the book “The Richest Man in Babylon” by George Samuel Clason. This money rule is written in only three words (pay, yourself, first), but not many people understand what it actually means and why you should respect this rule. You will better understand if you say it like this: Pay Your Future Self First. When you pay, in the present, to your future self, you are actually paying your present self, because very soon, your future self will become your present self. Therefore, you are actually paying to have money in the present. Paying Yourself First means putting at least 10% – 15% from every income that you receive, in savings.

Other very important reasons to Pay Yourself First:

  • Pay yourself first so that you have money to invest. You cannot invest if you do not have money to invest. See more details about how to invest at section 4 below.
  • Pay yourself first to obtain mental relief relating to having/not having money to survive, for yourself and your family.

2. Cost monitoring for financial prosperity

Keep track of all your expenses. At present, the best and simple way to do this is by writing in an excel all your expenses and then putting this excel in onedrive. In this way you will have the excel everywhere you are (mainly either at work or at home) so you can quickly update it.

3. Tithing for financial prosperity

Tithing is giving away 10% of the money that you receive. This rule is again understood poorly. Three aspects will clarify this:

  • Give money to receive money. You get what you give. Give presents, receive presents. Give products, receive products. Give services, receive services. Give money, receive money.
  • 10% is not too much. If you feel 10% out of 100 $ is too much, then you will feel 10% out of 1000000 $ to be enormous. You need to train yourself to feel ease to just give money and also never see how that money is spent so that you receive with ease money and nobody should be concerned how you spend it.
  • Give the money without emotion. You give the money with emotions, you will receive money with emotions. Therefore, you make the process harder, not simpler. Money is simple: give money and receive money. It is a simple flow. Put emotion in it (even positive) and you will just stiff the process.

4. Invest for financial prosperity

Learn to invest and actually, invest. What investments should you have:

  • Have investments in cash in the long term as bank deposits, always. Cash is a property in itself.
  • Have investments with low risk (like bonds and state certificates) in the long term.
  • Have a property and rent it (like an apartment).
  • Start a business: make a website, make an online store, write a book, produce services, sell something.
  • House. If you buy a house to live in it, that is not an investment. If you rent a room in your house then the house becomes an investment. If you rent the entire house then the house becomes an investment.
  • Car. If you buy a car for fun or for going from work back to your house, this is not an investment. When you buy a car for your business and you notice an increase in your revenues, then that is an investment. If you buy a car for your business, but that car is for an employee that does not bring you more money than that is a cost, not an investment.
  • Yourself. If you invest in yourself, but you do not make more money, then you are not investing in yourself, you are just consuming.

In investments is good to learn all that you can about compounding effect. This is related to how money grow when you invest on the long term. Besides this, there are two very important rules to consider in investments:

An investment is something that makes you money

Very few people actually understand this. People say: the best investment that I could ever make is in myself. Then they go and buy all kind of stuff for themselves like clothes, subscriptions to gym, food, training etc. But they don’t link it with the extra money that they gain following all these expenses. If you say you invest in yourself, but you do not produce more money (or you do not produce money at all), then you are not investing in yourself. When you pay for a training (an online course lets say) and in the next year your income is not growing, then you did not invest in yourself. That training will always remain a cost for you, it is not an investment. Before you make an investment, you need to be able to say approximately how much increase in your cash you expect this to bring you. Otherwise, it is not an investment, it is only a normal cost.

In the medium to high-risk investments always only invest the money you are willing to lose

Never invest the money that you are not willing to lose when dealing with investments that are evaluated as having medium to high risk. Manage the risk and keep it as safe as you can keep it. Risk high only the money that you are clearly willing to remain without them 100%. If you have 2000 $ and you feel that you can not lose 1000 $ then do not invest 1000 $, or more. Invest less. Invest 100 $. If from 2000 $ you feel that you can only afford to 100% lose only 50 $ then invest only 50$. Then win in this investment of 50 $, by producing constantly 0.5 $ a month and you can consider that you realistically learned how to invest. Then you can invest more, but only if (again) you are willing to lose your next investment.

5. Net wealth monitoring for financial prosperity

Always keep track of your net wealth. Make a monthly computation (for example on 20th of every month) of your net wealth. Net wealth equals assets minus liabilities. To better understand net wealth consider the following formula: the current value of all things that you own (you need to check if you are able to sell your properties if there is a market for your items) minus all your debts.

6. Increase your revenues for financial prosperity

This rule is very important and very basic rule for financial prosperity but it’s not more important than the above rules. Because prosperity is the accumulation of wealth. Wealth is actually net wealth. Net wealth is not revenues (see above section 5). And new wealth is built in time. You should be able to accumulate wealth, this will make you have money. An increase in revenues, without the ability to accumulate wealth, will only make you have more costs.

7. Money mindset for financial prosperity

Money mindset refers to thoughts you have about money. So what do you think about money? Are those thoughts blocking or welcoming/allowing/creating money. First, you need to learn that you have blocks in welcoming abundance and you need to put an effort in releasing these blocks. Second, you need to think highly and wisely about money. You need to start saying to yourself affirmations such as: “My income is constantly increasing. I have a millionaire mind. I am one with an enormous amount of money. Money is fun. Money is easy. I always feel that money will come. I get paid for being me.” For you to understand these affirmations you need to start reading a lot about topics such as financial education, financial success, financial prosperity, financial abundance, financial prosperity, financial freedom, net wealth and many other related terms.

The most useful program for obtaining progress with your money is “The Spiritual Laws of Money” by T. Harv Eker. Did you find this article useful? Comment below.

Positive Words Research – Top 7 Basic Rules for Financial Prosperity

Financial Success