Part 3/8:
Building Wealth in Your 30s
By the time you reach your 30s, the median net worth for those aged 30 to 34 is approximately $36,000, and it increases to about $56,000 for those aged 35 to 39. If you've managed to save one to two times your annual salary by the age of 34, you are on the right track.
In this decade, aim to save about 15 to 20 percent of your pre-tax income, continuing to build your retirement savings. Consider investing in low-cost index funds or assets that provide growth potential over time, as compound interest becomes a powerful ally for your future wealth.
Diversifying your investments is also crucial during this period. Do not put all your financial eggs in one basket; spread your investments across different asset classes and markets to mitigate risks.