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Each millennials path looks different, however.
She explains the steps they took to get to where they are.
Also see why millennials have the fullest wallets post-pandemic.
Lifestyle creep is a real phenomenon that affects even the wealthy.
She called credit card interest accumulation a vicious cycle.
They look to the future and assess their goals continuously.
They made sacrifices to achieve their strict savings goals.
Ruth would then put what she would have spent either into a loan payoff or a savings account.
He also leverages his employer 401(k) plan match to the fullest.
He started a side business in addition to his full-time job because a past employer wanted additional work.
These are opportunities not everyone has, but it also requiresextra time commitmentson our part.
They didnt start hitting their income earning potential until around age 26, after Ruth paid offsignificant medical debt.
Ruths advice to others is to focus on your goals.
If work-life balance is more important than abig emergency fund, prioritize that, for example.
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