29 y/o.. Where do I start? - Finance Smart Path

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January 13, 2025 at 8:14 am #119643 Reply
USER
Where should a 29-year-old start? Life at 29 can feel both exciting and overwhelming, with many possibilities and decisions ahead.

Whether it’s about career shifts, personal growth, relationships, or finances, the path forward isn’t always clear. If you’re 29 (or have been through this stage), what advice, strategies, or lessons would you share?

How do you prioritize goals, make major life decisions, or find purpose and fulfillment?

Share your experiences, tips, or any insights to help navigate this pivotal time.
January 13, 2025 at 8:16 am #119644 Reply
Joe
Marry someone like minded and with similar financial goals
January 13, 2025 at 8:17 am #119645 Reply
Scott
You start by eliminating all of your consumer debt, and setting up an emergency fund.

Then if you have a 401k that matches, you contribute to match, then you open your own Roth IRA and contribute to it, choose voo to get you started when you are choosing an investment.

You should be living without debt and investing 10-15% of your income.

Lastly focusing on increasing your income will accelerate all of your goals.
January 13, 2025 at 8:17 am #119646 Reply
Alan
Budget to find room to… Pay off high interest debt. Save up 3-6 month emergency fund. 401k match into VTI or VOO. Roth IRA Max into VTI or VOO.

Max out Roth 401k.

HSA invested in VTI or VOO. You’ll be so far ahead of your peers doing these things.
January 13, 2025 at 8:18 am #119647 Reply
Coby
Start by finding your “why”. If you know why you want financial independence, then you’ll be able to eliminate choices that don’t lead to that goal
January 13, 2025 at 8:18 am #119648 Reply
Christopher
Do you have high interest debt? Do you have a 401k with a match? Do you have a Roth?

Do you have an emergency fund?
January 13, 2025 at 8:19 am #119649 Reply
Brad
Read “Set For Life” by Scott Trench over and over. That’s what really kickstarted the moves that changed my life
January 13, 2025 at 8:20 am #119650 Reply
Quang
Reading more about finance. I recommend your the psychology of money

start with this book first.
January 13, 2025 at 8:22 am #119651 Reply
Sage
Make as much as you can, spend as little as you can, invest the rest.
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