7 Money Traps To Avoid In Your 30s // When we reach our 30's, unlike our 20's, we usually have THREE BIG responsibilities: Marriage, Mortgage and Children. And the truth is, they all cost money to maintain. These 7 Money Traps should be clearly avoided, because they hold you back financially now and makes it harder for you to get to a better financial place in years to come. Though its not all doom and gloom, because at 30, we're still young enough to make a change!

Timestamps:
0:00 - Introduction
1:00 - Good debt and bad debt
1:23 - What are bad debts used for?
1:49 - APR Annual Percentage Rate EIR Effective Interest Rate
2:00 - Cash Advances
2:21 - Buy Now Pay Later
2:55 - Buying to impress others
3:18 - Too much syndrome
3:49 - Staying in a job that doesn't pay you
5:06 - Not having a second income
5:44 - Why celebrities have other businesses?
6:08 - No rainy day or emergency fund
6:58 - Time it takes to build a nest egg
7:47 - Not starting to invest
8:54 - Start investing early. Here's why.
10:03 - 1% makes a huge difference
10:18 - Investing too conservatively
10:45 - 120 Rule

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#moneytraps #7moneytraps #moneymanagement #moneymistakes
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This content is for education and entertainment purposes only. The channel DOES NOT provide investment or tax advice. The information discussed does not consider differing investment objectives, risk tolerance levels and might not be suitable for all investors. Past performance is not indicative of future results. Investments risk, including the possible loss of principal.

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