Things You Should Accomplish Before You Turn 30

While turning 18 and then 21 are momentous occasions because each milestone opens up a world of opportunities for us, turning 30 is more about the emotional impact. What is it that makes one think that life is all downhill after 30? Maybe it is the knowledge that many of the most successful people in the world achieve their glory before the age of 30. For instance, Steve Jobs founded Apple at the tender age of 21, while Mohammed Ali became the World Champion at 22. Then there was Mary Shelley, who wrote the still popular Frankenstein at 21, Bill Gates earned his first million by 23, the same age as Isaac Newton when he created Calculus, which hounds us to this day.

So, what do you want to achieve before you turn 30? Would you want to buy your own home, even if you need to take a home loan? Here are some worthwhile goals. 

Pick Up a New Skill to Enhance Your Career

It is never too late to learn something new or gain a new skill. So, consider what courses could help you along your career path. There are plenty of online courses available these days, from languages courses to specific vocational skills and knowledge training. You might just want to look them up.

Savings

And it is never too early to start saving. While you still have lesser responsibilities, you can put away part of your income towards building a solid nest egg for your later life. Check out your options for investments, from insurance policies to mutual funds, ULIPs and even fixed deposits. Invest according to your risk appetite and make sure you diversify your portfolio, while also keeping aside some liquid funds for emergencies. The earlier you start, the more you will gain from the compounding effect of interest rates.                              

Tax Savings

Did you know that many of the investment vehicles in India entail tax benefits? In fact, even if you take a home loan, you can use the repayment installments to gain tax exemptions. Life insurance, health insurance and various savings schemes available in the country are eligible for tax benefits under the Income Tax Act of India. So, make sure you find out which ones these are and start investing while also saving on taxes.

Build Your Network

According to Global Web Index, usage times for social media sites rose from 1.66 hours per day in 2013 to 1.72 hours per day in 2016. You have sites like LinkedIn that can help you improve your professional network. This networking could improve professional credibility and give you an edge when you need career help.

Buy a Home

While this might seem like a big ask, buying a home isn’t as monumental a task as it used to be. With the easy availability of home loans, convenient repayment options and more, the sooner you think about owning a home, the better. In fact, with the real estate sector in India being on a downward spiral in recent times, investing in property could make sense now, before prices start soaring again.

As HW Longfellow wrote, “….and Time is fleeting,
And our hearts, though stout and brave,
Still, like muffled drums, are beating
Funeral marches to the grave.”

While you still have time, make the most of what life has to offer.