The 20s is a crucial decade for financial success. It’s the time when we typically start our careers and have more financial independence than ever before. Building wealth at this stage can set us up for a secure financial future. Here are five simple strategies to help you build wealth in your 20s.

1. Create and stick to a budget. This is the foundation for building wealth. Creating a budget allows you to track your income and expenses, and helps you identify areas where you can cut back. There are several apps and tools available to help you create a budget that suits your needs.

2. Save for emergencies. Unexpected expenses can come up at any time, and it’s important to be prepared. Setting aside a portion of your income for emergencies can help you avoid going into debt when the unexpected happens. This can be achieved by opening a savings account and saving a fixed amount each month.

3. Invest in your retirement. While retirement may seem far away, starting to save for it in your 20s is a smart move. Although it’s not the most glamorous investment, contributing to a 401(k) or IRA can make a big difference later in life.

4. Avoid debt. Living beyond your means can lead to high levels of debt, which can hinder your ability to build wealth. It’s essential to create a budget and stick to it to avoid overspending. Additionally, avoiding credit card debt by paying off the balance every month is crucial.

5. Continuously educate yourself about personal finance. There are numerous books, podcasts, and online resources available to help you expand your knowledge of personal finance. Educating yourself on the subject can help you make informed financial decisions, lead to better money management, and ultimately contribute to building wealth.

In conclusion, building wealth is a long-term game, and taking the right steps early on is essential. By creating a budget, saving for emergencies, investing in your retirement, avoiding debt, and educating yourself, you can set yourself up for a financially secure future.