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HOW TO BUILD WEALTH IN YOUR 20S:

1. Be Careful Who You Listen To
There's a saying that you "should not take advice from someone you wouldn’t trade places with." This will narrow your focus to only the people who have done what you want to do - and chances are, that is the advice you should follow. 

2. Build Your Credit Score
-If you have no credit history - go and apply for a secured credit card. All you need to do is get in the habit of putting a few small, normal charges on this card every month - and then paying it off in full by the time it’s due.
-Sign up for Credit Monitoring - like CreditKarma.com, CreditSesame.com, or Experian.com
This will help monitor your credit history on a regular basis, for the cost of nothing.
-After 6 months of doing that, open up another free credit card, like the Bank of America cash rewards card, the Wells Fargo Active Cash Card, or a Chase Freedom Card.
-After 12 months, go and apply for your first charge card, like the American Express Gold Card. 
-After 18 months, you should have a credit score above 720-750, which will get you close to getting the lowest interest rates anytime you apply for financing.

3. Get As Much Job Experience As Possible
Your 20’s are SUCH a good time to take risks, try new careers, be as busy as possible, and then - see what sticks. Every job is going to give you a different skillset that you can then leverage into your next position - and, each time you try something new, you’re going to learn what you like, what you don’t like, what you’re good at, what you’re bad at - and from there, you’ll likely make more money as a result.

4. Pick a scalable business.
If your goal is MONEY, pick a career or a business that isn't dependent on how many hours you work. I think sales is one probably of the most under-rated careers out there, it’s usually a stepping stone to earning a high income, it’ll teach you everything you need to know about time management and customer service, and it could provide the funding for just about anything else you want to do.

5. Earn Multiple Sources Of Income
Working ANY type of side business, that has the potential to grow completely independent from your main job, is not only a good way to make more money - but also, diversify yourself in case something happens to your job and you have nothing to fall back on.

6. Avoid Lifestyle Inflation
This is what happens when you slowly inflate your lifestyle alongside your income. Instead of doing this, save the difference and invest it, long term.

7. Invest Immediately
Studies show that the sooner you invest your money, the higher your returns tend to be - compound interest is the "secret" to building your wealth over decades.

DISCLAIMER: Even by building your credit, reducing your expenses, switching jobs, working a side hustle, avoiding lifestyle inflation, and investing the difference - all of this is easier said than done - and, even if you do everything outlined, it’s still not a guarantee you’ll get rich.

BUT, you’ll have a MUCH higher likelihood of achieving that if you’re dedicated to increasing your income, sacrificing short-term discretionary income for the sake of investing more, pushing yourself outside of your comfort zone, and making it a goal that you HAVE to achieve. 

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