What financial goals should a 25 year old aim for?

[Kera]

It is always said that people should have financial goals as they progress in life. For a person that is in the age range of 25 years old, what financial achievements is expected of him or her? What is realistic for a 25 year old to achieve given the economic realities?

 

[King Belieal]

A 25 year old should at least have a source of income that can pay at least $100 every month. That's a good foundation.

 

[Springtime]

For a 25 year old person, if s(he) is not studying for a higher degree and have a stable job, s(he) should start saving money and make investment.

 

[freelancermaria]

A 25-year-old must have a stable income, savings, and some investments. It is good to start saving and investing early, ideally, when he or she has a job. This is something I did not do in my 20s because I did not see the value of saving and investing back then.

 

[eLdavis]

I think what you should be aiming for is having a stable source of income, and to be financially stable and free to start up your own family.

 

[Trush Jodie]

A 25 year old should have an active source of income and working on developing a passive source of income that should start yielding in two years.

 

[Nomad]

I think a 25 year old person should focus on saving money and then investing in stocks for a long term basis.

 

[King Belieal]

Most of the males at that age are always focused on gambling. But at 25, a person should have a profession that would secure him or her a financial future.

 

[Kera]

I believe that someone that is up to 25 should have basically a $100 minimum as a balance for history her savings account.

 

[Suba]

At the age of 25, a person usually has not worked for long, so it would be better to have an emergency fund, if possible buy a mortgage (property), and have investment instruments according to the risk profile.

 

[Kross]

At the age of 25, a person usually has not worked for long, so it would be better to have an emergency fund, if possible buy a mortgage (property), and have investment instruments according to the risk profile.

Anyone that has bought a mortgage at that age should finish paying within the next 5 years before they turn 30. That's a sure pathway to financial freedom.

 

[Augusta]

A 25 years old should start saving heavily for things like housing and payment of bills as they would come in sooner than he thinks

Post automatically merged: Dec 21, 2024

Having active source of income is very important and working on developing a passive source of income at that for the future