5 of the most important money moves to make in your 20s

I became a millionaire when I was 29. And these are the top five money moves that I recommend everybody makes in their 20s. Number one is you have to set up the right accounts. And there are four key accounts that you need. First is a checking account. This is just your cash flow. Second is a high yield savings account. This is for short-term savings goals. Third is a retirement account for long-term investing. And fourth is a brokerage account, which I recommend you use if you want to retire before you hit your 60s. Number two is to create a rockolid budget. It does not matter how much money you're earning. You need to have a budget. I recommend you follow what I call a zerobased three bucket budget that allocates every dollar of income you earn towards either an essential expense, a financial goal, or a non-essential expense in that order. Third is that you need to identify your spending values. You do this from tracking your expenses and really reflecting on how your money makes you feel. All of us value different things and that's totally fine. What's important to me might look very different than what's important to you and that's totally fine, but the budget that you build should reflect what your values are. Number four is you need to save up at least a three-month emergency fund. Especially in this economy, three months is kind of like the bare minimum. To figure out how much money you need in your emergency fund, you have to just take your monthly expenses and multiply it by the amount of months you want to have saved. I personally have 6 months because I'm self-employed, but I think anywhere between 3 and 6 months is a good gauge. And number five, which honestly this is the most important one, is you need to create a consistent money routine. There are two specific money routines that I follow. a weekly expense tracking routine. I spend 10 minutes a week tracking my expenses inside the personal finance dashboard. And then I also follow a monthly money reflection. I record these for YouTube if you're interested in checking them out. But essentially, it's just a deeper dive where I review where my money went, how I feel about it, and I plan for the month ahead.