Most twenty-somethings have no money. Actually, most thirty-somethings are pretty broke these days too. So here’s how to be rich in your twenties.
It’s always been a goal of mine, to be financially stable. Probably because I’ve known way too many people who’ve struggled with money issues. To feel like you’re drowning every day? Um, that can’t be fun. So that’s why debt and I are not friends.
I’m extremely fortunate to not owe any money. Believe me, I know how lucky I am. But that didn’t entirely happen by accident. Instead, it’s taken a series of smart and sometimes really difficult decisions to get to where I’m at, financially.
So I figured it’d be nice share a few tactics that I’ve used over the past few years to save money. Because if you strategize and prioritize correctly, you really can be rich in your twenties.
1. TRICK YOURSELF INTO THINKING YOU’RE POOR
I lie to myself every day. I make a certain amount of money, but I pretend that I make a whole lot less. And you know what happens when I pretend that I make a whole lot less? I SPEND a whole lot less. And then…there’s a whole lot MORE in my bank account.
So how do you trick yourself into thinking you’re poor? Automatically deduct a certain amount of money from your paychecks each month and send that money to a separate checking/savings account. Then, forget about it. That’s your emergency fund. It can also be your travel fund. But it’s not money that you count on every month, which is good, because you don’t end up spending it on dumb things.
2. START THE “NO-LUNCH-AT-WORK” DIET
Okay, no…I’m not talking about starving yourself. You really should eat at work. Several times. But you shouldn’t BUY lunch at work. Not for #1,000 a meal. Wake up five minutes early every day and pack your lunch. Or, have a 10-minute dance party before bed and make your breakfast AND lunch. I get mad at my friend because she doesn’t do this. And she wastes a lot of money.
3. HAVE UGLY NAILS
You don’t need a mani/pedi every week. A mani/pedi will easily cost you #3,000. You don’t need to spend #3,000 a week-or even every TWO weeks- on your nails. Go to a drug store, buy a bottle of nail polish, and do your nails yourself. Sure, I don’t have THE BEST looking nails, but I DO have $3,000 more in my pocket every week. And that makes me happy.
4. DON’T BE AN ALCOHOLIC
I don’t think I need to explain this one. I live in Lagos. In my area, drinks are #5,000+. Just looking at that price makes me want to vomit.

5. SAY GOODBYE TO IMPULSE SHOPPING
I try really hard to avoid impulse shopping. And I do a really good job, but the Internet…it’s so tempting! In 2.5 seconds, I can order pretty much anything that I want. That’s kind of scary.
Before buying anything, I like to wait a couple of days. I’ll see something that I want, sure. But I don’t buy it before thinking about it. If two days later I don’t have the same need for that thing that I wanted so badly, I don’t buy it. And that saves me a lot of money. Because a lot of times, we see something and we’re like, “OMG this is so pretty I NEED to have it!!!” *Click*… *Swipe*…purchased. Then, two days later, we look at those new headphones we spent #25,000 on, and we want to cry.
6. TAKE AS MUCH MONEY AS YOU CAN FROM YOUR EMPLOYER
No, don’t steal from your job. That’s bad. But if your employer offers to match your retirement in any way at all, make sure that you’re getting the maximum matching amount possible. Yes, it means that your paycheck will be a little smaller if you’re putting away more money for retirement. But it’s worth it in the long run. You don’t want to be 65 years old and still working. That would be awful.
7. HAVE A TINY CLOSET
The worst possible investment you can make is on new clothes. Sure, you need clothes, but you don’t need a new outfit every week. If you want to save money but you’re one of those “I-can’t-be-seen-in-the-same-outfit-twice” kind of people, you have two options. You can:
a. stop posting pictures on Facebook/Instagram, or
b. stop going to social functions.
If you don’t like those options, then enjoy your trips to the mall and embrace the fact that a huge chunk of your wallet is going on clothes that you’ll likely throw away a year from now. The tinier your closet, the bigger your wallet. Unless you only shop at high-end stores, in which case, I have nothing more to say.
8. READ ABOUT MONEY
I love reading books about money. I’ve found that the more that you read about money and finance, the wealthier you become. Here are some of my ALL TIME FAVORITE MONEY BOOKS I highly recommend you check out.
You Are A Badass (At Making Money): Master The Mindset of Wealth
The Millionaire Fast Lane: Crack The Code To Wealth And Live Rich
Brokenomics: 50 Ways To Live The Dream On A Dime
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So there you have it! Just a few ideas to help you be rich in your twenties. Any other suggestions?