14 Money Goals to Accomplish Before You Turn 40

Our question of the month comes in from Anonymous from Cleveland:

Hi Andy,

I just finished reading an article of yours about paying off your mortgage early. Congratulations on that. I have a 30-year mortgage and I’m not sure if I want to pay it off, but it got me thinking about where I should be with my financial goals.

I’m 35, married, two kids. I want to make sure I’m on track.

What financial goals should I have checked off my list by the time I turn 40?

Do you have any articles on that?

Thanks,

Anonymous

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26 Smart Ways for Moms and Dads to Make More Money

More than ever before, parents are stretched to their limits with the demands of careers and families. We all would love to make more money and provide some extra financial freedom for our families, but how do you do that without driving yourself crazy? What can you do to make some extra money easily that won’t take up too much time?

While I wish it was that simple, any kind of part-time job, side hustle or investment will require some kind of time commitment, and possibly a financial commitment too, in order to get started. Some side hustles will require more time and effort than others, while some of them take time up front to set up and then it gets easier. Let’s look at 26 smart ways parents can make more money.

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How to Increase Your Net Worth by $800,000 in 8 Years

One fall night in 2010, my wife Nicole and I were watching the Suze Orman Show. (Yes, I used to DVR it). There was this fun segment where someone would call in and Suze would analyze that person’s financial health and give them a grade. It was called How Am I Doing?

One term that we kept seeing over and over again on this segment was “Net Worth”. Since we were personal finance newbies, we had no idea what this meant. Nicole and I were making a combined six-figure income together so we figured our net worth must be HUGE.

After the show was over, we decided to see how rich we really were. There was no doubt in our mind that we’d be better off than most of the jokers that call in to the show and get an “F” grade from Suze!

via GIPHY

We walked upstairs and started to write down all of our numbers on a big white board. By separating our “assets” (what we owned) and our liabilities (what we owed) into two big columns, we started to discover that we weren’t rich.

We were kinda broke.

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Want Financial Independence? It’s Time to Make More Money – with Grant Sabatier

Financial Independence is when you have enough money to live without the need for full time employment … Sounds pretty incredible, right?

This may seem like something that’s meant for our golden retirement years, but my guest today is going to show us how to make it a reality much earlier than that.

Returning as a guest for the second time, Grant Sabatier is here to share how we can grow our income and invest so we can really enjoy the best years of our lives.

At 30 years old, Grant achieved his financial independence. He went from $2.26 in his bank account at age 24 to over a $1 million in just 5 years.

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How Busy Moms Can Create a Successful Part-Time Business (Without Sacrificing Family Time) – with Crystalee Beck

On today’s podcast, we’re talking about building successful six-figure businesses. This one is for all you busy Moms out there looking to have a business you can call your own.

But as young parents, how can we grow a business that we’re passionate about and make enough money to support our family?

To help us unlock this magical money mystery, I’ve invited Crystalee Beck on the show today.

Just a few years ago, Crystalee got laid off in the midst of her second pregnancy. Today, she’s a 6-figure entrepreneur working just 20 hours per week. Let’s find out how she’s done it!

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Become an Everyday Millionaire for your Family – with Chris Hogan

After interviewing dozens of 30-something millionaires and accomplished multi-millionaires, it is fair to say I’m a little bit interested in the inner workings of a millionaire.

Well today, I have a very special guest who’s going to share the results from the largest and most comprehensive study of millionaires ever done.

Author and National Speaker, Chris Hogan, is joining me today to talk about his new book Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—And How You Can Too.

Who wants to become a millionaire with me?!

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How to Become a Millionaire in your 30’s – Interview 20 (Justin Weinger)

The moment we discover there are income streams to be had outside of our full-time employment, that’s when we truly can skyrocket our net worth. That is the exact time when Justin Weinger from So Over This started to grow his family’s wealth.

At 38 years old, Justin has amassed a net worth of around $2 million. 

Let’s find out how his side hustles and small business development helped him to get there!

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How to Become a Millionaire in your 30’s – Interview 19 (Adam)

A major step in becoming a young millionaire is tracking your net worth. On the other hand, wealth building is not all about the numbers.

Our guest today, Adam from Minafi, sees wealth building as a way to travel, explore the world and create lifelong memories with his wife. By securing solid financial footing in his 30’s, Adam has been able to realize those dreams early in his life.

Let’s hear how Adam took advantage of the opportunities in his life and honored his family by pursuing a life of simplicity and stress-freedom. Continue reading “How to Become a Millionaire in your 30’s – Interview 19 (Adam)”

5 Quick Ways to Improve Your Finances Before the New Year

It’s almost the New Year!

It is time to take some massive action to improve our financial situations before the year is up. That way we’ll kick things off in January with confidence and more money in our pockets.

If you made a list of goals or new years resolutions earlier this year, now is the time to look at that list and assess how you’re doing. Think about what action you can take to accomplish those big goals you set for yourself earlier this year.

Now if you didn’t make any goals or can’t find that list, that’s okay! I have 5 goals for you to consider to help you improve your financial situation before the new year.

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