Today we are talking about the best investments I made in my twenties. I spill the beans looking back on this decade of my life. Stay until the end where I share the best investment.
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Hi, I’m Jessica and I love talking about financial freedom after experiencing burnout early in my pharmacist career. We talk passive income and simplifying on this channel to combat stress and burnout. If you haven’t seen my burnout story or our debt-free journey while in residency/fellowship, please click those video links below.
Best Purchases to Make in Twenties – Best Investments in 20s as a Woman
- Finishing all my training consecutively
- Put my education, training and building skills first – before external forces like a relationship, marriage, children, or house – my parents always wanted me to become self-sufficient and independent – not reliant on another person (aka husband) to fund my life
- Car maintenance – I drive a 22-year old car. In my twenties, I took care of this car. I got the regular oil changes, check-ups and regular things like tires, brakes and batteries. This helped prevent deterioration of the car AND a major expense of purchasing another car – used or new!
- Travel – grouped with work trips. Many work places provide professional development funds to attend conferences. My husband and I strategically grouped these work trips with personal vacations to help with travel expenses. This meant that a 4-day conference in Orlando, FL could be extended to go to Disney World and the flight was covered by my work and a couple additional hotel nights was a reasonable expense personally. This also allowed us to go to Hawaii for the first time and extend our vacation from Honolulu to Maui. We stayed at nicer hotels with the conference price discounts (up to 50-60% off a 4 or 5-star hotel) – saving hundreds on what may have been a $700-1,000 a night hotel down to $300-400 a night!
- LASIK eye surgery – https://www.petitestylescript.com/lasik-eye-surgery-experience-maloney-vision/
- Nice bed – Temperpedic
- Water filter
What was the BEST investment I made in my 20s as a Woman?
Contributing a large percentage to my retirement accounts each year with my work 401(k) – nearly maxing out the contribution each year from 2016. Yes, this could have been earlier in my twenties and it could have also included my ROTH IRA, but at least I started somewhere.
Watch more financial independence retire early (FIRE) videos on our YouTube Channel Today!
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// CHECK OUT THESE VIDEOS //
How I’ll Retire Early // Financial Independence Retire Early as a Pharmacist:
How we Paid off $380,000+ in MEDICAL and PHARMACY student loan debt AS FAST AS POSSIBLE using the KAKEIBO Method:
Passive Income Ideas Video: https://youtu.be/PE9-TiFOm80
7+ Income Streams: https://youtu.be/9ruhNsBy9Kc
Money Traps to Avoid in your 20s: https://youtu.be/SD0OsCWbxzM