Insurance Marketplace, Inc Blog
You have probably established a good financial standing during your 20s. As you reach your 30s, you now feel wiser and older. Make use of this period of your life to continue growing your wealth.
Here are some goals to achieve during your 30s:
Think Of Career Advancement
You may have learned to improve your marketable skill in your 20s, now is the time to apply it to benefit your earnings. Research about industries and jobs that are suitable for you. If you need to study an advanced degree, then consider this option. You may enroll in online courses as a way to advance your career.
Adjust Your Budget
The budget and savings you have established in your 20s need to change now. For every year that passes, your needs wants, expenses, dreams, and income are likely to change. Your budget and spending will need to adjust to any life changes, for example, owning a startup, getting married, or relocating to a new place.
Settle Your Debts
If you have a debt-repayment plan during your 20s, you can continue this in your 30s. This is to ensure that when you reach your 40s, you will not pay bills from the last decade, but rather focus on growing your nest egg.
Save A Portion Of Your Income
Saving money in your 30s means allocating some for retirement. At this time, the contribution from your paycheck may not be enough to obtain the 401(k) match from your employer. For every opportunity to increase your nest-egg contributions, do so. So, if you get a raise, a cash gift, or a bonus, you should save some of it for your future.
Balance And Diversify Your Investments
In this period of your life, consider investing in stocks as you can benefit from them in the long term. Diversify among the various stocks available, for example, international, domestic, small, midsize, and large stocks. Also, it is important to maintain the specific allocations by balancing your portfolio on a periodic basis. This will help you sell high and purchase low.
As you improve your financial situation and increase your assets, you need to get some protection for yourself. This means buying life insurance as a way to protect your investments and your loved ones as well.
At Insurance Marketplace, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (541) 779-0177 or Click Here to request a free quote.