Your 20s and 30s are the decades where small money moves echo the loudest, because they have the most time to compound. In this one, our partner and wealth advisor Shane walks through the three mistakes he sees people make most often, and how to sidestep them.
They tend to cluster around one theme: letting good years pass without building anything from them. Not starting to invest because retirement feels a lifetime away. Letting lifestyle rise to swallow every raise, so more income never becomes more security. Carrying the wrong kind of debt while telling yourself you will deal with it later. None of these feel like mistakes in the moment. They feel normal, which is exactly why they are so easy to make.
The encouraging part is that the fixes are boring and completely doable when you are young. Start early, keep your spending from chasing your income, and be deliberate about debt. Do those three and time does most of the heavy lifting for you.
Hosted byShane DuckworthPartner | Private WealthView bio →
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