115. 5 Smart Financial Moves I Made in My 20s (That Built My Net Worth to $1M+)

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Don't Depend On Daddy

Michela Allocca - Break Your Budget

134 episodes

6 days ago

Don’t Depend on Daddy is an unfiltered space to learn and discuss how to build independence and OWN your life. From personal finance and career topics, to healthy habits, routines, and hobbies, the goal of Don't Depend on Daddy is to empower you to build financial, professional, and personal independence, regardless of the life stage you are in. *This is not a strictly personal finance podcast.* Host Michela Allocca is an ex-financial analyst-turned-entrepreneur, author, and digital creator behind the leading financial platform, Break Your Budget.

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115. 5 Smart Financial Moves I Made in My 20s (That Built My Net Worth to $1M+)

Don't Depend On Daddy

28 minutes 4 seconds

4 months ago

115. 5 Smart Financial Moves I Made in My 20s (That Built My Net Worth to $1M+)

In this episode, Michela is breaking down the top 5 financial decisions that helped her cross the $1M net worth threshold before turning 30. From living at home post-grad and building a business, to tracking every dollar and calculating my FIRE number—these choices weren’t flashy, but they were incredibly effective. Whether you’re in your early 20s or heading into your 30s, these are the practical, foundational moves that can create serious financial momentum over time.

I’ll also share the mindset shifts that made the biggest difference and how to apply these lessons to your own journey—even if you feel “behind.

TIME STAMPS:

00:00 – Intro: approaching 30, thirties reflections

01:30 – Housekeeping: templates, upcoming FIRE & real estate tools

04:30 – Why financial progress takes years, not months

06:00 – Decision #1: Living at home + keeping rent low

10:00 – Decision #2: Starting a business (Break Your Budget)

14:30 – Decision #3: Choosing a practical college major (Finance)

18:30 – Decision #4: Tracking my expenses consistently

22:00 – Decision #5: Calculating my FIRE & work optional numbers

26:30 – Closing thoughts: Your 20s don’t have to be perfect, they just need to be intentional

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