Here are the 5 financial milestones that everyone should aim to achieve in their 20’s - Enjoy! Add me on Instagram: GPStephan
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First, and the most reasonable goal that I think everyone should aim to hit in your 20s…is to get your credit score above 750:
For anyone who’s not aware…your credit score is just a calculation that shows how responsible you are in paying back money that you owe. That might include credit cards, auto loans, student loans, a mortgage payment…or, anything else where you aren’t paying for something with your own money, upfront. And this term known as a “Credit Score” is basically a grade that lenders use when determining how much of a loan you’ll get, and what interest rate you’ll pay.
Second, speaking of paying off debt…it would make me happy if, by the time you’re 30…you’ve gotten yourself, what I like to call…”BAD-DEBT FREE.” It’s like saying “Debt Free”…except it’s BAD DEBT FREE.
So, really - from the way I see it - it’s not necessary to want to call yourself entirely DEBT FREE by the age of 30….because, some types of debt can actually be really useful in terms of making more money and being financially responsible.
Third, by the age of 30, you should have at LEAST 1.5 years of your expenses invested.
That means, if you’re spending $3000 per month on rent, utilities, car payment, food, and smashing the like button…you should have, at MINIMUM, $54,000 invested in the markets. Or, if your spending $2000 a month…that equals $36,000 invested.
Fourth, I highly recommend that - by the age of 30 - you create a SECOND source of income in addition to your main job.
This is something I’m surprised isn’t mentioned more…because, as you get older and advance further in your career…it’s so important to use that as LEVERAGE to make even more money, and diversify your income into other areas. After all, when surveyed, it was found that nearly 2 out of 3 millionaires had at least ONE extra source of income - with the most common being real estate investing:
https://www.businessinsider.com/how-millionaires-manage-money-interviews-2018-12/commerce-on-business-insider
Fifth, by the age of 30…I’d recommend that you aim to save at LEAST 25% of your income each year, and invest that amount towards your retirement.
For most people to save and invest 25% of their income, it takes skill. You need to be dedicated to tracking your expenses, you need to be disciplined when it comes to your spending, you need to live below your means, and you need to place an importance on the future…and investing 25% of your income just comes as a byproduct of doing all of those things, consistently. Not only that, but it also motivates you to increase your income, just so that you’re able to maximize the value of your own time - and then pocket the difference.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

By Stock Chat

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24 thoughts on “The 5 financial goals to achieve in your 20s”
  1. Avataaar/Circle Created with python_avatars Poppomatic says:

    Good luck being bad debt free as a medical student at 30 lol. I know that’s an exception

  2. Avataaar/Circle Created with python_avatars Bolt says:

    Planning on paying off our house and being truly debt free before we turn 30

  3. Avataaar/Circle Created with python_avatars Levi says:

    Been watching you since you had 200-300k and I was 16. I’m 21 now. I saved 10k then lost it at 18/19 and tanked my credit being a dummy. I’m 21 now making close to 100k a year saving 2500$/month while going to school debt free. My net worth is back at that 10k mark. I’m heavily considering YouTube (Finance/Career Docs) as a side gig.

    Just want to say thanks. You helped me a lot so far. When it comes to financial education you were one of my only teachers.

  4. Avataaar/Circle Created with python_avatars Scythe says:

    turn you lights on, oh flip, it broke

  5. Avataaar/Circle Created with python_avatars Jeremiah says:

    how are you allowed to rent out a property you yourself are paying the mortgage on. You don't even own it yet you rent it to someone? Thats retarded. The ding dongs in the house should be paying the mortgage. You charge them more in rent then it costs you in mortgage payments. That is scum behavior.

  6. Avataaar/Circle Created with python_avatars CONQUEROR says:

    I am 13 this December
    Let's go

  7. Avataaar/Circle Created with python_avatars SNY OFFICIAL says:

    I just love the way you describe everything 👌👌👍👍

  8. Avataaar/Circle Created with python_avatars Matt Weiler says:

    Not sure if you check old video comments, been subbed for awhile. Can you give advice on what to do when you find a really good job that you love but it doesn't pay that much? I found my dream job, but I will probably be making 60k for awhile. I have all of the normal debts like a thousand across a few CCs, student loans, and a car loan. What steps can I take to become more FI with a salary around 60k? Also I have been good with my Credit Score following your videos, but it keeps stalling out around 710.

  9. Avataaar/Circle Created with python_avatars byRoyalty says:

    how the hell am I supposed to have a house paid off by the time I'm 30 lol, I'm from the Bay Area dude.

  10. Avataaar/Circle Created with python_avatars Splashstar 💦⭐ says:

    thanks Graham! I'll try to invest 25% from now on.

  11. Avataaar/Circle Created with python_avatars eder g says:

    Really good video I subscribed 💪🏽⭐️

  12. Avataaar/Circle Created with python_avatars Muses me says:

    Can you make a game/series where you start from nothing and try moving up? because you are already a millionaire, so it is looking from the top, down. I wanna watch someone succeed starting from the bottom, looking up.

  13. Avataaar/Circle Created with python_avatars Diegomolinams98 says:

    Nice one, I'm 23

  14. Avataaar/Circle Created with python_avatars Otaku Akuma says:

    Well $#!+ I'm 23 1/2 . . . so I'm a bit late on this video but regardless this does help me a lot

  15. Avataaar/Circle Created with python_avatars Manpreet Singh says:

    NO.1 TIP don't buy anything shown in thumbnail

  16. Avataaar/Circle Created with python_avatars PokeCrib says:

    Be nice if you did some videos for people with lots of children. Investing in yourself while investing in your Family! Boom! Some of the work is done 😏😁😁

  17. Avataaar/Circle Created with python_avatars Maria Montes says:

    Hi 👋
    I’m 16 and will hopefully be able to update this comment after my 20’s and see where I am at that point (currently have achieved 0/5 lol)

  18. Avataaar/Circle Created with python_avatars Charles Hunt says:

    Yeah building your credit score is definitely not free it cost you time at the very least and some of us see our time is valuable and some do not

  19. Avataaar/Circle Created with python_avatars Drew DeBlasiis says:

    do you mean vested money or are you including earnings as well.

  20. Avataaar/Circle Created with python_avatars Brad Hardman says:

    I’m so glad he makes these videos! There is too many people who don’t know ANYTHING about the real world until they are thrown into the real world with out the tools to build their net worth!!

  21. Avataaar/Circle Created with python_avatars Sem-de-Vries says:

    Credit score isn't important here in the Netherlands

  22. Avataaar/Circle Created with python_avatars Raikrow Beats says:

    your like button jokes are getting funnier and funnier…you got my like, sir!

  23. Avataaar/Circle Created with python_avatars Matthew Peterson says:

    Hey Graham these are really helpful! I would love more FinAdvice like this. I don't think every is as Financially savvy watching as you think.

  24. Avataaar/Circle Created with python_avatars Andrew Blocher says:

    Cudos Stephan!! Also jsyk, the algorithm really wants likes + comments.

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