The Step By Step Guide On How To Create Wealth In Your 20s

Your 20s are meant for hustling. This is the period of time where you’ll have the energy and freedom to work 80 hour weeks and sleep less than 20 hours a week. In this phase of your life, you can grow your business, financial status and set yourself up for the rest of your life.

Unlike our parent’s generation, we have incredible opportunities at our fingertips. Growing up with technology, we have the competitive advantage to build brands and accomplish things that solely rely on digital marketing and technology. Thus, it is easier to succeed and accumulate wealth at a rapid pace today than it has ever been before.

As early as your 20s, you can create wealth and enjoy it. In this post, I will share with you the step by step guide on how to create wealth in your 20s.

1. Stash A Small Amount For Retirement

Saving for your retirement doesn’t mean that you are going to retire early. If you start with the habit of stashing a percentage of the money you make for your retirement, it will be there for you in the future. Training yourself to live on less than what you earn will give you a chance to funnel some amount to your 401(k) or IRA Account. When it comes to saving for a retirement, the compound growth that you can receive it on it is so exponential that it’s actually worth saving for. If you keep stashing away a percentage of your paycheck, by the time you are 40, you will have a sizable retirement account balance.

2. Get A Money Discussion Going

When you are starting to earn your paycheck, you tend to become secretive of the amount. However, there are people whom you can share of details of your paycheck such as your close friends. It is a good thing if you can tell someone everything about your money because you can start to learn a lot. By the time you are in your 30s or your 40s, you will be more secretive of your salary. Being young, and in your 20s, it will be the right time for you to leverage your openness to make solid financial decisions. Being open with the details can help you save more money and increase your net worth.

3. Invest An Insurance Policy For Your Money

Every 20-somethings should consider having an emergency savings account. Failure to have one will make you vulnerable in cases of emergency and it may also dramatically increase your credit card debt. If you have an emergency fund, you will have something to fall back on no matter what. You will also have the confidence you need to move forward on the things you want to do with your finances.

4. Wake Up Early

Money never sleeps, only humans do. If you want to be wealthy, wake up early. If you haven’t heard the saying, the early bird gets the worm. In business, getting on the offense rather than on defense will allow you to grab many more opportunities that your competitors may be sleeping through.

5. Build Your Brand

Individuals who are in their 20s can be found promoting themselves on social media, but they usually get very little value in return. To make money and be wealthy, you have to really build a brand. Find a way to build a brand around yourself because the younger you are when you build it, the more valuable it will be to you and in a monetary sense over the years.

6. Meet With Millionaires

If you are eager to make money and create wealth, start surrounding yourself with millionaires. When you do this, you will know that there is no secret to success. You will learn that hard work leads to success. It can also give you inspiration and the motivation to act on the things you may learn from these millionaires. Not only that, but you’ll get a great idea of how millionaires spend and function with their money.

7. Keep your Key Financial Documents In Order

It should be YOU, not your parents who have your birth certificate, Social Security cards and other official documents. You should also keep a list of all your banking and investment accounts and other policies. Now that you’re in your 20s, stop expecting mommy and daddy to hold your hand through everything. It’s time to grow up, manage your own assets and make wise decisions that you will thrive off of for the rest of your life.


Hustling should be done at an early stage such as your 20s. It can lead you to success and help you create your wealth at an early age. In this post, I shared with you the step by step guide on how to create wealth in your 20s.

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