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How You Can Start Investing at 30

date December 1, 2020 time 4 min read 898 views

It’s never too late to start investing, even if you start at 30. Arguably, your 30s are some of the best years of your life to actually start earning a bit of extra income off your savings. Here’s how to start investing at 30 today.

30 can sometimes feel a little late to begin investing. That couldn’t be farther from the truth.

Studies show that people who start investing at 30 are twice as likely to achieve financial freedom before 40 than those who don’t. It may seem incredible — especially if you’re starting from rock bottom — but an early start can make a huge difference. And in the big scheme of things, 30 is still hopefully quite early in your life.

If that isn’t enough to convince you, we’re going to walk you through some of the benefits of investing at 30 and tell you how to get started.

If you begin investing at 30, you still have plenty of time to get started
If you begin investing at 30, you still have plenty of time to get started (source:

The benefits of investing under 30

Plenty of time to earn

At 30, you still have a good 30+ years before you likely will start thinking about retirement. That means you can take more risks with your finances because you still have plenty of time to earn.

In fact, investing as little as $10,000 each year with an 8% growth rate can leave you with a financial cushion of over $150,000 in just 10 years. It may not be a million dollars but that’s more than enough to keep yourself steady for a long time should anything unexpected happen.

A more stable income

In your 30s you also tend to have more expendable income that you can use for investments than when you’re struggling for jobs in your 20s. You likely don’t need to spend as much on healthcare costs or other age-related expenses either. Now is likely the first time in your life that you can afford to start socking away some cash.

How to begin investing at 30

Good budgeting is a major component of successful investing
Good budgeting is a major component of successful investing (source:

If you want to build wealth instead of wasting your youth then now is the time to start. Having a rock-solid investment strategy is crucial but you also need to know how to properly manage money if you hope to succeed.

1. Spend less

This means eliminating any luxury purchases that you simply don’t need.  If you have multiple income streams, then try to keep as much of that money as possible going back into your investments.

The easiest way to do this is to set up two separate bank accounts — one where most of your money goes and another that only gets a small portion of it. You can think of this as paying yourself a salary to avoid touching savings.

2. Set up an emergency fund

Most financial advisors recommend that you have an emergency fund to cover unforeseen expenses. Generally, three-to-six months’ worth of expenses is ideal but anything is better than nothing.

3. Start investing

If you want to start investing at 30 then you need to capitalize on your youth-given risk tolerance without building an excessively volatile portfolio.

ETFs, blue-chip stocks and government bonds can diversify your portfolio and offset the higher-risk investments that you might have. If you have enough spare capital, you may want to purchase some property since, short of global recessions, real estate is a relatively stable investment.

Today, many 30-year-olds are turning to peer-to-peer (P2P) lending platforms like MyConstant because they bring high returns in a comparably short amount of time versus other investments. 

For instance, our crypto-backed loans yield 7% APR on a 180-day investment. And unlike other P2P platforms, you don’t have to worry about borrowers defaulting on loans since they have to put up 200% of the loan value in collateral beforehand.

Once your bases are covered in lower-risk investments, you could look into more volatile investments like cryptocurrencies for a bit of extra earning power. Crypto is a fast-growing asset class and while it has been a hot subject for debate, it’s been around for nearly a decade and many investors are jumping on board.

And investing isn’t the only thing you can do with crypto. You can use it for online shopping or Starbucks purchases.

Remember, in terms of investment, age is just a number

Patience lies at the essence of investing but it’s important to not confuse it with complacency. Whether you were born in 1970 or 2000, you can be a successful investor with a fun and fulfilling life ahead and plenty of financial cushions.

At MyConstant we pride ourselves not only on helping you do more with your money, but also on discussing the tough questions surrounding investment and personal finance. Come check us out and see how you could be earning better today.

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George Schooling

George Schooling

Grow your idle savings by lending p2p with us. Join us for up to 18% APR on your first $1000

Tags: investing at age 30 how to start investing at 30 investing under 30 investment strategy for 30 year old start investing at 30

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