Your 20s are usually the decade of self-discovery. You may start your first job, learn how to live on your own, and even fall in love for the first time. It’s an exciting time of exploration and learning — but also of failure. That being said, the lessons you gain in your 20s can help you make smarter choices in your 30s. Consider some of these lifestyle choices as you enter the next chapter of your life.
1. Start investing soon.
By the time you reach your 30s, you’re expected to know how to manage your finances. While that might be a bit of a tall order, there are certainly a few wealth-management strategies you can utilize. Investing is one of the best ways to build your wealth. You don’t need to be a Wall Street business tycoon to start investing. Even a little money invested in something can go a long way.
Consider alternative investing platforms like Yieldstreet to help guide you into the process. Their team of financial advisors can help you identify investment opportunities and choose the type of investments to dabble in — whether that be real estate, the stock market, or something else entirely. With their guidance, you can build the right investment opportunity portfolio for you. Some Yieldstreet complaints have been that Yieldstreet investors need to be experienced in order to front the buy-in costs, but, in actuality, Yieldstreet provides guidance so that young investors can utilize harder to find alternative investment opportunities they wouldn’t have access to otherwise. If you’re interested in unusual investment opportunities, definitely check out Yieldstreet’s offerings to get started.
2. Update your wardrobe.
As you mature, so should your style. Quit wearing a tee and sweatpants and calling it “athleisure.” Ripped denim shouldn’t be your go-to ensemble for a night out. Instead, opt for more sophisticated attire like dress pants for women. Stock your closet with clothing that flatters your silhouette and invest in basics you can mix and match with any outfit. You want to be able to go from work to happy hour to a hot date with ease.
3. Take care of your health.
Your body is getting older, so if you haven’t started taking care of it, now is the time to start. Establish a regular exercise routine and eat a balanced diet rich in fruits and vegetables. Have a skincare routine (and don’t forget to moisturize daily). Drink plenty of water. Limit your alcohol intake and quit smoking, aim to get eight hours of sleep every night, and get health insurance if you don’t already have it. You can search quotes for Medicare insurance online to see what health insurance plan best fits with your lifestyle and budget. You may also want to consider a Medicare supplement plan if your current health care coverage doesn’t cover everything you need. Your medical needs may increase as you get older so prepare now with the right health care plan.
4. Save for retirement .
It’s not enough to just have a bank account for your checking and savings. Make sure you also have an account set aside for retirement as well. If you haven’t yet, start contributing to your company’s 401(k) plan and increase your contributions every six months or at the end of the year. While your 401(k) plan is a good place to start when it comes to funding your retirement, that alone may not be enough to finance your future. Consider opening up another retirement account to help ensure you have a comfortable future when you retire. And to make sure you are on track financially with your retirement savings. Experts suggest having three times your salary in your retirement fund by the time you reach 40.
5. Travel more.
While it might not be a necessity, travel is still incredibly important for your self-growth and well-being. Exposing yourself to other cultures and societies makes you a more well-rounded individual. You will also become a more resilient, competent, and compassionate person as you learn to navigate other cities, new languages, and unfamiliar customs. So take the time to travel to new places.