Top 6 Money Traps to Avoid in your 30's 6 Money Traps to Avoid in your 30's. #1 Buying a car out of your price range #2 Buying a house out of your price range #3 Spending too much when going out. #4 Having an expensive significant other. #5 Paying too many credit card bills. #6 Not investing . If you are in your 30s then by now you should have found a steady source of income for yourself and maybe your family (if you have one). At this point in life, it doesn’t really matter whether you earn this from a job, or from running a small business or even from an investment you made. As long as you have some cash-flow coming in every month, you should be fine in terms of giving yourself and your family the basic necessities for life. This type of income is what I like to call “kitchen income”. Now, I am sure you are hearing this term for the first time, and I’m pretty sure you probably won’t find this term in any of your finance courses or even on the internet. So let me...
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