🔑 To secure your financial freedom!
Financial expert Ramit Sethi shares his plan for a successful financial life before turning 40 💸
1️⃣ Eliminate high-interest debt 💳
Any interest above 6% on credit cards = financial bleeding! Pay it off immediately.
2️⃣ Create an emergency fund for 6 to 12 months 🛑
It gives you real security and breathing space during crises.
3️⃣ Automate your investments with index funds 📈
Allocate 10%-20% of your income for automatic investment… start with 5% if necessary.
4️⃣ Master your profession and develop your skills 💼
Your income is the primary driver for building wealth. Don't ignore negotiating your salary!
5️⃣ Define your financial number and why 🧮
It's not enough to say "I want $1.6 million" — why? For travel? For independence? To buy a yacht? Vague goals = vague results.
6️⃣ Build a joint financial system with your partner 💑
Discuss money transparently and set unified goals to live a wealthy life together.
7️⃣ Create your "financial no-list" 🚫
Determine what you love to spend on and what you refuse... this list could save you tens of thousands in the long run!
8️⃣ Simplify your credit cards 💳
One or two cards — just enough, 3 at most, more than that = complexity and financial chaos.
9️⃣ Review your vision for your wealthy life annually 🧘♂️
Your aspirations change.. review your financial goals annually and update them to align with your new values.
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