Life is believed to begin at age 40. Before you turn 40, you should have reached some financial milestones in life to make your years as enjoyable as possible. I share your financial steps you need to take before you turn 40. If you have reached the age of 40, you can still begin to achieve these financial goals, because I think it is never too late to achieve something in life. if you have the commitment and courage. The list below shows my personal recommendations. You have the choice to make them disappear or not. Still, I think your over-40s would be better if you reached those milestones before you were 40. 1. Pay off debt: Debt can be a major setback in your journey to financial security, especially compound interest debt. You must do everything in your power to pay off all of our debts from those with the highest interest rates. Your goal should be to lead a debt-free life. Pay off your debt and make sure you don't take it back. You have more peace when you have no debts. Business loans are an exception. However, you should consider other ways to raise capital for your business before considering a business loan. 2. Build marketable skills: If you can do what others can’t do, they’re willing to pay for it. What skills do you have that other people would be willing to pay for? If you don’t have the skills yet, go learn it today. This is very important! Try to learn a skill that is not common. If everyone can do it, the value will not be high. If you learn or develop a rare skill that you can do almost perfectly and that has a good demand, you can’t go bankrupt because your skills will always give you income. Some good skills you can learn are graphic design, tablet publishing, hairdressing, catering and decorating, tailoring, vehicle mechanic, generator, computer repair and networking, computer programming, web design, welding and manufacturing, copywriting, nursing , carpentry, tiling, mosaic, application development, POP roof installation, electrical work and many more. Most of these skills are not taught in colleges and universities, but they can feed you. Therefore, even if you are a graduate, you can learn the skills of someone who has one or in a skill development center. It aims to have at least a good marketable skill before the age of 40. 3. Develop a search for financial education: information is dynamic. New information comes out every day. What you know yesterday may be out of date. Therefore, you should always be alert to new information. You need to make an effort to update your financial knowledge. Before you turn 40, you need to develop your reading skills. Reading is one of the greatest ways to gain knowledge. You need to learn regularly and quickly. Read good books and research online. For information, you need to learn how to use search engines like Google, Bing, AOL.com, Ask.com, and more. Get a financial mentor: You need to follow someone who has done what you want them to do to prevent mistakes from being communicated by others and speed up your financial progress. One way to follow a mentor is to read all of their books or articles. 5. Have an emergency fund - The need to always have an emergency fund cannot be stressed. An emergency fund is money that goes to your bank account for serious emergencies such as job losses, illness, accidents, disability, and so on. Experts recommend that your monthly living cost be as an emergency fund for at least 6 months. This money should have good liquidity, but it's best not to keep it in a savings account where you have access to it and for depreciation. You can save the emergency fund to a mutual fund account. 6. Start your own part-time or full-time business - if you’re not starting a business before the age of 40, when will you start it? When do you grow old? Business is a risk and the older you get, the less appetite and risk aversion. Try starting a business before you turn 40. You can do this part time if you are employed. This will help you learn from your mistakes, grow, and gain experience. Business mistakes and failures get better when you are younger than at age. 7. Get married and have all your children: You have a more balanced view of married life with children. You may not agree with me, but I know that's true. Married people almost jump into action without thinking. As a married person, think things through various perspectives and think before you move. Think about the consequences of your actions, as it will affect your family in some way. You think about the couple and also make more balanced decisions, including business decisions, because two good bosses are better than one. Having your children under the age of 40 also has several benefits, as it helps you grow with your children and helps carry the financial burden of raising your children while you are still young. 8. Build a solid base of passive income streams from paper assets. Paper assets are one of the greatest ways rich people make money almost effortlessly! Warren Buffett is one of the richest men on earth because of his paper assets. Imagine you have invested N50 000 000 in a mutual fund with a low annual interest rate of 10%. This means that it would earn approximately N5,000,000 annually and N 4,16,666 monthly. If you continue to invest interest and capital, you will increase even more in the coming years. Therefore, the rich are getting richer because they use the power compound to use the paper resources. Before the age of 40, this is the best time to buy a lot of paper assets. Invest in stocks, treasury bills, bonds, mutual funds and other paper assets. He is interested in a wide range of paper resources. 9. Investing in real estate: Investing in real estate is one of the best investments you can ever make because it is always appreciated in value over time. In addition to food, rental housing costs are one of the biggest expenses for the family. Before you turn 40, it would be good to build your house. See here how you can build your low-income home. In the worst case, even if you haven’t built a house, try to buy land before you’re 40 years old. 10. You have your own farm: Have you thought about how people without farmers would survive? You can say, ‘I don’t have to be a farmer, because I can always buy the food I need’. Let me ask you: What if you have money to buy food and there is no food to buy because there are no farmers? Even if you don’t want to grow full time, try a backyard garden where they plant vegetables. This will help you appreciate the wonderful work that farmers do. Investing in agriculture can also be a good way to build wealth. There is always a market available for agricultural products. I have written several articles on agro-industry and how you can benefit from it. 11. Start giving to others: You can get as much wealth and wealth as you can, but if you can’t find a way to help others, you won’t know what the accomplishment is. The true measure of life does not lie in how much you have, but in how much you give. Start allocating a portion of your monthly income to help others, especially the needy, children, and the elderly. You can take responsibility for sponsoring a disadvantaged child through school. You can adopt a child. You can meet the needs of disadvantaged children and the elderly on a monthly basis. Start handing out people now. You don’t have to be very rich to help others. Give what little you have because it opens more doors of resources. There are many people around you who need your help and help. You can deliver cash or to babies in need, disabled and motherless at home. You can sponsor a poor child through school. There are inexhaustible ways to give to others. Bonus Tips: 1. Write a will. Many financial experts recommend getting a lawyer to help you make a will that legally grants ownership of your properties to everyone you want when you go ahead. This is especially important in conflicting families. 2. Buy an insurance policy: Several financial experts also advise you to buy life insurance. The goal is to give your loved ones a financial advantage if you go further. There you have it. It is not good for anyone to collect information unless it is used. The choice is yours. For more suggestions, leave a comment in the section below. Don't forget to like, share and follow me for more updates.