Money Moves to Make in Your 30s

Money Moves to Make in Your 30s

In today’s society, it’s easy to get complacent when it comes to your finances.  Today, PF Pro contributor, Melissa Hoffman takes a look at five money moves you should make in your 30′s.  Don’t put these off until it’s too late, take action now!

While your twenties may have been a time of massive change (and perhaps some massive debt, either in student loans or credit cards), your thirties are the sweet spot: young enough to still have tons of earning potential, and old enough to have made enough mistakes and (hopefully) be more prepared for the life expenses coming your way.

Some things in your 30s will stay constant: building up your emergency savings and making sure you can survive an unexpected job loss or major car repair, saving up for retirement and increasing your contribution rate. However, your 30s bring additional challenges in the form of a spouse who may rely on you, kids you may want (or are currently raising), and buying a house (or maintaining the one you have). With your 30s brings great responsibility, but also great power to harness your maximum potential.

[Continue reading]

Diversify Your (Passive) Income

With all the talk of side hustles for extra income, it’s easy to overlook passive income strategies. Whether you’re pressed for time, are already working on a side hustle, or just want to diversify your income more, there’s a lot to be said for establishing a passive income. Establishing a passive income source will entail work in the beginning, but if you’re looking for another revenue stream, it could be the perfect long-term project to focus on now.

Why Diversify Into Passive Income?

Even if you’re already pursuing a side hustle in addition to a full time job, it’s never a bad idea to add in another revenue stream if you can. Why passive income? Well, besides all the stereotypes associated with passive income streams (relaxing on a beach while watching money roll into your bank account), here are a few more realistic reasons why you might want passive income: [Continue reading]