5 Best Ways To Build Wealth In Your 20s

Adam Del Duca
10 min readJan 23, 2022

Your 20s are by far and away the most formative years of your life. During these years, you’re going to school, meeting new people and eventually entering the workforce and beginning what you hope will be a very lucrative and fulfilling career. On top of that, during these years, you’re probably on the hunt for a life partner, will become a homeowner and perhaps even enter into the world of parenthood.

Given that all of these major life events tend to happen in a short 10-year window, making the right decisions in your 20s is paramount to living the best life possible and while all the events I just talked about will impact your happiness and success, there is one aspect of your life that you must have under control during this time and it’s your finances.

Not building a solid financial base in your 20s will have you struggling financially in your 30s and beyond and because I want to see you win I’m going to share with you the 5 best ways to build wealth in your 20s!

Number 1: Avoid high interest debt

Building wealth is like filling up a glass of water. Every time you make and save money, the glass fills up a bit more and the more you make and the better savings habits you have the sooner your glass will be full. And, what happens when the glass is full? You guessed it, you can retire. I don’t think there is a single young adult on the planet who doesn’t have the goal of filling up that glass as early as possible, especially when they enter the workforce and realize that the job they thought they’d love wasn’t quite what they had in mind. Unfortunately though, in many people’s quest to fill up their glass, a crack in their glass appears and every day more and more drops exit the glass, slowing down their ability to fill up their cup. What does that crack symbolize? You guessed it, it’s high-interest debt.

Assuming high-interest debt is like stuffing your face at a buffet. You know that if you stuff your face, you’re going to be feeling sick for the rest of the day. However, you do it anyway because in the heat of the moment, you trick yourself into thinking it’s a good idea and that nothing bad will come of it.

Well, the same goes for racking up high-interest debt. You tell yourself that taking on a bit of…