Looking at benchmark #2, it is focused on what you are saving for and how to save through aspects of life that you will spend on anyways--housing and transportation. Being intentional about setting a savings goal for you to purchase a home or even rent a home that you can then house hack will be the first component of this to look at. This simple rule will allow you to save and invest more than your peers. The second largest expense is typically your transportation. Buying a vehicle intentionally to ensure that the vehicle is either something you break-even on or one that even provides an income is key. This income will then allow you to put aside money into a Roth IRA early, in order to allow compound interest to work in your favor.

Margin Membership Sign-up: https://millennialmargin.com/learn/

How are your finances doing? Take the quiz: https://i2tvdm52vbg.typeform.com/to/YFcT68CW

Jared created Millennial Margin out of necessity, as he has watched countless people schedule-away, mortgage-up, and max-out their lives. Margin is simply the antithesis, providing leeway in an increasingly margin-less culture.

Subscribe for daily tips and discussions about how to better manage your personal finances and, by extension, your margin.

Listen to the podcast: https://margin.simplecast.com/

Have a question? Contact Jared at jared@millennialmargin.com

Follow Millennial Margin: facebook.com/millennialmargin, instagram.com/millennialmargin1, or simply visit millennialmargin.com

Goal/Disclaimer: My goal with [Margin] is to prepare you with the knowledge but then inspire you to act on that knowledge. My goal is to be in your corner bridging the gap between your trusted CPA, attorney, and financial planner. My advice is simply from my own personal experiences and is not meant to override or replace professional advice from your trusted investment professional. The content found here is for entertainment purposes only.