© - Content and images in this blog are copyright HorseGrooms LLC unless stated otherwise. Feel free to repost or share for non-commercial purpose, but please make sure to link back to this website and its original post.

℗ - We do not store any information about your visit to our website other than for analytics and optimization for content and reading experience through the use of cookies.

℅ - Our site does at times contain paid advertisements, sponsored content, and/or affiliate links.

Reader Etiquette


Get the FREE Guide

We're on a mission to advance the craft of grooming & keep horsemanship alive.

Master recipe maker


subscribe for free

Get Access to Exclusive HorseGrooms Content

Financial Planning By Age

Our goals and situations change as we leave behind a decade of life and enter another one. The lifestyles of our 40s don’t necessarily look the same as they did in our 20s. Financial planning is no different. Emmy Sobieski returns for the most recent installment of “The HorseGrooms’ Guide to Finance,” by breaking down each decade of adulthood and giving grooms suggestions and goals to consider in regard to building a financial future.

Below are some recommended financial planning steps for grooms by age group.

In your 20s

Start building an emergency fund; begin paying off any student loans or other debt; and consider starting to invest in a retirement account.

If you can start investing early, then consider using a ROTH IRA or ROTH 401K where you invest AFTER-TAX dollars into the fund. Then you grow it for decades and pay no tax when you take the money out for retirement.  

Peter Thiel, a tech billionaire and one of the founders of PayPal, famously turned $2,000 into $5 billion using a ROTH IRA. He will never pay taxes on that $5 billion because he invested after-tax dollars in startup shares using his ROTH IRA. 

You have your entire life ahead of you, so invest focused on growth, i.e. mostly stock market ETFs (see the article on growing wealth for more on ETFs).

Don’t miss out! We’ve got several more decades to go!

Emmy Sobieski’s article continues on the HorseGrooms Community. Each decade is different, and she has suggestions for each. Sign up for free for the HorseGrooms Community. You don’t want to miss out!

This is NOT a financial, legal, tax, or investment advice. 

This article is for educational purposes only. It is not advice. Why isn’t it advice? First, I don’t have the licenses necessary to advise you. Second, I don’t know your specific situation, which I would need to know in order to advise you (if I had the licenses, which I do not).  

Whenever someone gives you advice, ask yourself these two questions above: do they have the credentials, and do they know your specifics? If either answer is no, treat their advice like a starting point of learning and not as advice.

Let these blogs serve as a starting point in your education, not an end answer. Only you can find your answers to your specific situation.

April 18, 2024

Emmy Sobieski 🇺🇸

read & Leave a comment






Leave a Reply

Your email address will not be published. Required fields are marked *

learn more

The Community for Horse grooms

join now

Featuring event schedules, connection with peers, access to industry leaders, and exclusive courses. Signing up is totally free and gets you instant access to everything the Community has to offer.

get involved