How to Get Rich by 30: 6 Habits of People Who Made It Work

“In a free-market economy, anyone can make as much money as they want,” said Steve Siebold, who spent much of his life studying millionaires and billionaires.

And it’s true; when it comes to money, age is just a number. You don’t have to wait for your 60s to become wealthy and spend money on your dream life.

In fact, there are so many opportunities and habits that’ll help you with building wealth and becoming a millionaire by age 30. With some savvy investing, disciplined saving, and a lot of hard work, you can become a millionaire at a relatively young age.

And if you want to see your net worth grow and start hitting millionaire milestones, then read over these habits that’ll help you learn how to get rich by 30.

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1. Savings Go Into Investments

Rich people in their 30s know that one of the main reasons to save money is to invest.

Also, they’ll save up money for an emergency fund because they want to make sure that if something does come up, it’s not draining their investments.

They will save up for other goals, but their big goal (which is to become a millionaire at 30) means that this is their main focus.

2. They Learn About Investing

And that brings me onto the next point.

One of the best things you can do right now is to start reading and listening to articles, books, and podcasts from financial experts like the Financial Samurai and Dave Ramsey. You don’t want to go into this without the knowledge you need to make truly intelligent moves.

Lastly, don’t stop learning about investing. Once you have the basics down, you need to go deeper. If you want to actually understand how to become a millionaire by 30 (or at least in your 30s) then there is so much more to learn and figure out. And the more helpful information you take in, the more you’ll be able to think of creative ideas on ways to invest that’ll bring back incredible returns.

This is one of the most important things you can do while on the road to one million dollars, so make sure to adopt this habit.

3. They Increase Their Income

You can’t reach millionaire status by sticking to the same amount of monthly income.

Rich people who hit that mark at a young age knew how to follow the money. They developed multiple streams of income and were then able to increase their savings and investments in a shorter period of time.

So this might mean that you need to reconsider a shift in your career, or research what others have done that lead them to their first million. We’ve known so many people who were able to learn how to be rich by 30 just because they looked at what others were doing and started applying themselves.

You might not find what that income stream (or streams) is right away, but the more you listen to podcasts (example: The Side Hustle Show), listen to what others are saying online, or read, the more you’ll start to get an idea for what you can go after.

4. Investing in Real Estate

If you’re curious about owning and renting out properties, then this is a great way to build more wealth and get to your first million.

And when it comes to learning how to be a millionaire by 30, this might just be one of the most important steps. But if you want to understand how it really works and the best methods, then I’ll turn you over to the Bigger Pockets podcast and blog. They’re the experts in this situation.

5. They Live Modestly

Many young self-made millionaires don’t waste their money on luxury items or random splurges. Their motto is to save more and spend less, so let that be your inspiration while learning how to be a millionaire by 30.

You don’t need an overly expensive car or a home you can’t afford. You need a strong money mindset and an unwavering commitment when it comes to wealth accumulation.

Here’s what the bestselling author, Grant Cardone says,

“I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I became a millionaire. Be known for your work ethic, not the trinkets that you buy.”

You deserve to be rich, so don’t let consumerism culture determine your spending habits.

6. They Never Stop Learning

Knowledge is gold, and wealthy people know this.

You might have noticed that the richest people in the world are good at many things; they have long titles and more than one role.

And that’s because they knew improving themselves in different fields would not only contribute to their personal development, but also help them financially. 

So never stop learning about self-improvement, developing good money mindsets, investments, building businesses, or anything else that could get your to your financial goals.

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