{"id":185939,"date":"2025-06-15T08:47:15","date_gmt":"2025-06-15T08:47:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/185939\/"},"modified":"2025-06-15T08:47:15","modified_gmt":"2025-06-15T08:47:15","slug":"not-sure-if-youre-on-track-financially-here-are-3-money-milestones-every-30-something-should-aim-for","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/185939\/","title":{"rendered":"Not Sure If You’re On Track Financially? Here Are 3 Money Milestones Every 30-Something Should Aim For"},"content":{"rendered":"\n

Your 30s are a time of big changes. You\u2019re probably growing in your career, buying a home<\/a>, getting married or having kids, said financial expert Bo Hanson<\/strong>, host of \u201cThe Money Guy Show.\u201d Along with those life shifts come serious financial decisions that can shape the rest of your life.<\/p>\n

In a recent video<\/a> on their YouTube channel, Hanson explained that the financial habits and decisions you establish set the foundation for lifelong stability and wealth. And while that may sound a bit overwhelming, he broke it down into a few realistic goals to hit before you turn 40<\/a>.<\/p>\n

Don’t Miss:<\/strong><\/p>\n

Here are the three biggest financial milestones you should aim for in your 30s:<\/p>\n

The first goal is to hit a net worth equal to your annual income in investable assets\u2014not including home equity or emergency savings\u2014by your early 30s.<\/p>\n

\u201cCrossing this milestone is an awesome first step for anyone starting out in their wealth-building journey,\u201d the host said. This means you\u2019re likely living below your means and compound interest<\/a> is starting to work in your favor.<\/p>\n

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By the time you\u2019re hitting 40, the ideal target is to have three times your income invested. And it’s not as far-fetched as it sounds. If you start at age 30 with zero savings and put away $941 a month with a 9% return, you could have over $150,000 by 40. \u201cThat\u2019s literally three times a $50,000 income,\u201d Hanson explained.<\/p>\n

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The $941 figure isn’t random. It\u2019s the combined monthly amount needed to max out a Roth IRA<\/a> \u2014 $583 per month \u2014 and a health savings account \u2014 $358 per month \u2014 assuming you’re eligible.<\/p>\n

\u201cCombining these two accounts helps you build significant tax-free wealth<\/a> and this greatly enhances your long-term financial health,\u201d Hanson said. You can automate this savings amount or use payroll deferrals if your employer allows it. \u201cYou have to invest the dollars. Saving in these accounts is only the first part of the equation.\u201d<\/p>\n

This milestone shows you\u2019re going beyond just checking boxes like maxing out a Roth IRA and HSA. It’s a sign you’re serious about building long-term wealth.<\/p>\n

Story Continues <\/p>\n

\u201cThe discipline to consistently save a quarter of your income demonstrates that you\u2019re committed to building long-term wealth and prioritizing your future financial security over short-term gratification,\u201d Hanson said.<\/p>\n

See Also: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey \u2013 no cost, no obligation<\/strong><\/a>.\u00a0<\/strong><\/p>\n

If your employer offers a match, you might already be close to that 25% target without realizing it. Every 1% increase helps. As the host put it, \u201cYou get to choose your hard today or hard tomorrow.\u201d<\/p>\n

Once your saving habits are solid, it’s time to protect your progress. That starts with a fully funded emergency fund, especially if your lifestyle has changed. \u201cIn your 30s, things always go sideways,\u201d Hanson said.<\/p>\n

Protection also means having life insurance<\/a> if others depend on you, updating your will<\/a> and adjusting your emergency fund as your expenses grow. \u201cYour 30s are when your financial life\u2014and generally your life altogether\u2014expand a great deal,\u201d Hanson explained. \u201cIt’s important to make sure that those who depend on you are taken care of.\u201d<\/p>\n

Whether you\u2019re ahead, behind or just getting started, the message is simple: start now, stay consistent and build from there. \u201cEvery day counts.\u201d<\/p>\n

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Image: Shutterstock<\/strong><\/p>\n

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This article Not Sure If You’re On Track Financially? Here Are 3 Money Milestones Every 30-Something Should Aim For<\/a> originally appeared on Benzinga.com<\/a><\/p>\n

\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"Your 30s are a time of big changes. You\u2019re probably growing in your career, buying a home, getting…\n","protected":false},"author":2,"featured_media":185940,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[76235,51,474,73470,2499,22430,16,15],"class_list":{"0":"post-185939","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-bo-hanson","9":"tag-business","10":"tag-finance","11":"tag-financial-decisions","12":"tag-personal-finance","13":"tag-software-company","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114686515122702981","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/185939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=185939"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/185939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/185940"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=185939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=185939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=185939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}