Only about 2% of the US population is part of the upper class. The remaining 98% of us have to actively seek out how to get ahead in life financially. For some, reaching financial freedom can be a tough challenge. After all, school education is rarely teaching us how to go about it.

If you are between the ages of 18 and 25 and looking at how to get ahead financially, you are extremely lucky. This article compiles everything we learned in our quest to attain financial freedom in a simple-to-understand way.

After reading the contents of this post you will have sufficient information to direct yourself through all the noise of modern marketing. Slowly but surely, you will navigate towards financial success.

How to get ahead in life financially

Learning how to get ahead in life financially starts with understanding your self-imposed limitations. Without truly believing that you are capable to reach your full potential, it will be really hard to prepare and act upon the opportunities that come your way.

And while this may sound easy, remaining optimistic and consistent can be a real struggle, especially when your surroundings attempt to lure you into giving up.

In the following chapters, we will delve into a series of actions that, when combined with consistency, will help you reach your financial goals and grow your confidence.

Step 1: Get a valuable internship

how to get ahead in life financially

It can be quite challenging to simply meet and hang out with highly successful and inspirational people. Their time is limited and they are very selective as to who they spend it with. But you have something everyone wants a piece of – you have time, the most scarce asset of them all.

Time is an invaluable asset and one you can use to your advantage in order to find yourself among the crowds that inspire you. The easiest way to use your time effectively is by doing an internship or traineeship at a company or institution where the people you’d like to meet hang out at. Of course, to come the closest to the people you want to be like, you’ll probably need to start working for free. But even if you don’t get paid for quite some time, the ROI can be exponentially bigger than a paycheck.

Getting close and hanging out with the people you aspire to be like does a few things for you:

  • It helps you set new standards for yourself, which are usually higher and more demanding.
  • You turn something unrealistic (dream) into something attainable (goal).
  • You learn new work skills that can earn you money and soft skills to improve your professionalism.
  • You get a helping hand from experienced professionals and access to insights that you may not be able to find online.

In many ways, getting an internship can be one of the best decisions you can make in the earlier stages of your career to increase your odds of success. So, if you’re young and want to learn how to get ahead in life financially, this is the best way to get started.

Step 2: Start reading and writing

how to get ahead financially

We are slowly entering the era of digital content. Whether you want to create a personal brand or become more approachable by employers in your niche, you need to start creating written content to share your knowledge and expertise.

The best way to acquire great writing skills is by reading non-fiction books and articles from publications that are relevant to the industry of your interest. Not only will this process help you hone your skillset but it will also enrich your vocabulary and help you understand how to structure better content.

Aside from writing content in the form of articles and blog posts, it is also important to apply your new skills to building a web presence. Social media profiles and channels are not only a great way to connect with others, but also an unfair advantage when looking to get hired for your favorite internship.

  • Start by creating social media profiles on platforms where like-minded audiences tend to hang out at. If you’re into crypto, for example, you can start by creating a Twitter account.
  • Start writing on the topics that interest you, even if it’s just a transcription of your own thoughts. If used right and through consistent action, your social profiles can act as a “quality stamp” for your business identity.
  • While books are a great source of inspiration consider also listening to audiobooks, getting a paid subscription on Medium, and signing up for your favorite Substack newsletters. For those looking to advance their career into crypto, Anthony Pompliano’s The Pomp Letter is an invaluable resource.

Step 3: Eliminate unnecessary purchases or depreciating investments

how to get ahead in life financially

One of the biggest mistakes younger people make is buying high-priced depreciating assets. The desperate need to fulfill a status imago is the result of short-term thinking and lack of financial education.

Put simply, if you have $10,000 worth of savings, you have no business leasing a new Mercedes car. And yet, while this may sound obvious, most people tend to do it anyway, only to later understand what they got themselves into.

In short, depreciating investments are assets that decrease in value from the moment you buy them. New cars, designer clothes, branded shoes, and pricey accessories are all unnecessary when taking a good look at where you are and where you want to go. Their depreciating nature can quickly turn into a setback when trying to understand how to grow in life financially.


The best way to eliminate these types of savings is to consider your goals every time you need to make decisions. For example, you might have the short-term urge to purchase a new TV, but if your goal is to become a millionaire within 5 years, spending time in front of the TV is counterintuitive. By applying your filter, you will find better ways to spend your money.

  • For transportation -> Choose a second-hand car or take public transport when you need to.
  • For clothes -> Consider buying a few timeless pieces that are interchangeable. You don’t need many pieces of clothing to look well-dressed.
  • For experiences -> Consider the long-term effects of the experience you wish to invest in. A weekend festival fueled with alcohol can make you feel unproductive (due to a hangover) for several days. Renting an Airbnb can be just as great as staying at an overpriced hotel.

Step 4: Invest in yourself > Savings

how to invest in your 20s

From a young age, we are being taught that saving money is the best way to build up the life we want. The less you spend, the more you will be able to collect to later invest in a car or a home. What you are not being told is that FIAT currency depreciates at a rapid pace. On average, the US dollar loses 1,4% of its value on an annual basis due to inflation. And with the excessive money-printing that we experienced over the recent pandemic period, these numbers are expected to increase even further. And let us not even get started on the decrease in interest rates.

Saving your money is certainly not the best way to get ahead in life financially. While you may acquire a respectable amount of money that offers basic security, spending money on yourself offer a higher ROI. So why don’t more people do this?

While most people believe that getting ahead in life is important, not all are willing to purchase courses and attend masterminds to improve their skills. We are wired this way. Paying $100 for a new pair of pants is totally ok, but buying a $100 course instead… errr… no thanks!

What most people lack is the ability to trust their own power and put in the work. So, to get started, it would require a significant amount of discipline and determination. However, the returns can be exponential.

Online courses and consultations can accelerate your growth in a matter of weeks. And with the availability of the internet today, most top-level courses can be bought for as cheap as $10 at Udemy

  • Start by performing some research on the career path that interests you.
  • Invest your money in courses, consultations, and masterminds that can teach you high-profitability skills. If your budget is low consider signing up at industry-relevant forums and start lurking around. You’d be surprised how much you can learn.
  • And if you are not sure what type of career path you want to follow that is ok too. Just use your money to get a consultation with career advancement coaches.

Step 5: Learn how to invest

how to invest in your 30s

The reason why is it so hard to get ahead financially is that people never learn how to invest their money. In short, investing in the process of buying assets that appreciate in value over time or help you generate steady cash flow. But there is so much information out there and so many ways you can invest that, in the end, those that show interest end up with more questions.

So how can you get started with investing? How can you learn the essentials that can help you along your journey? In our opinion, the best way to start is by investing in small-scale, highly liquid assets first. These are items that increase in value over time, are relatively easy to “flip” due to high demand, and also don’t require a large amount of capital to get started.

Here are some great options:

  • Gold and silver -> Here’s a handy guide to get you started.
  • Collectibles -> Pokemon and sports cards are trending at the moment.
  • Digital art (NTFs) -> Get an introduction to NFTs.
  • Limited edition designer bags -> Here’s how.
  • Cryptocurrencies -> Buy from exchanges or learn how to use Bitcoin options.
  • Stocks -> The easiest way to purchase stocks is through the Revolut app.
  • And more…

Investing in the items above should cost you anywhere between $500-$10.000 (with exceptions) to see a significant return. By exposing yourself to these types of investments you will be able to train your emotional intelligence, understand the nuts and bolts of compounding interest, as well as the risks that come with them.

As you become more experienced and your capital grows, you will be able to diversify among more traditional investment opportunities that have a higher barrier of entry and lower but more certain returns. For example:

Most amateur investors will choose to purchase high-risk, high-return investments to maximize their potential returns. This is a very dangerous strategy and one that fails more often than it works.

When looking at how to get ahead in life financially, you should consider hedging risk and building wealth over time. A great beginner strategy offers respectable returns over the long term while minimizing your exposure to risk:

  • Invest 90% of your capital in “safer” investment options (Stocks, Precious Metals, etc.), and only 10% on high-risk “newer” investments (Bitcoin, NFTs, etc.)
  • Set selling targets early on to avoid emotional decision-making during uncertain market conditions. This is one of the barriers that stops people when trying to understand how to get ahead in life financially.
  • Invest with money you don’t necessarily need at the moment, and consider holding onto your investment for at least 5 years. More traditional investments, like stocks or real estate, might need even longer to generate a significant return.

Closing

To sum up, here are the steps you might want to take to increase your odds of success:

  • Hang out with people that live the life you want
  • Start reading and writing
  • Eliminate unnecessary purchases or depreciating investments
  • Invest in yourself > Savings
  • Learn how to invest

Frequently Asked Questions

If you wish to learn more about the ways you can use your money, and the best investment strategies, make sure you read the following sections as well. In them, we answer questions we often get from our audience as a follow-up to the content we publish.

Does getting ahead financially have any negative repercussions?

Does success suck? Certainly not! However, there are a few things you will need to keep in mind as you are on your path to building generational wealth. The first “side effect” is detailed time management. As you grow into an investor, you will likely strive to build a large amount of capital which you can then invest. To build this amount you will need to sacrifice your time, and thus cut many relationships from your life. The best advice we can give you, in this case, is to try and become the “CEO of your life”, allocating certain times for family, friends, and responsibilities you believe are important and should continue. The second somewhat negative effect is that of restlessness. Unless you find a way to automate your life for more free time, you will need to be alert at all times, constantly working on your projects and trying to avoid issues from occurring. This can be very taxing to both your physical and mental health.

What is the best way to get ahead financially?

  • Get a traineeship and find mentors in your early 20’s
  • Work very hard for the next decade, while living under your means.
  • Invest all the money you earn during this time.
  • By 30, you will have enough passive income to start your own project without worrying about your income.
  • That decade will help you make the moves that lead to huge financial success and, hopefully, generational wealth, while your investments continue to compound.

What are some ways to get ahead in life when you don’t have large upfront capital?

Another way to formulate these questions would be: how do you get a lot of money fast in order to start investing. The answer in both cases is the same: you will need to learn a specific skill that follows your genuine interests and strengths while learning to “sell” it in an open marketplace, which in this case is the world wide web. Specific skills are not easy to learn and are certainly not passed down through educational programs. This is why it is important to find a mentor that is willing to teach you the skill while you are working for them. Naval Ravikant’s “how to get rich without getting lucky” is a great way to look at things.