These people in their 30s are doing a simple thing to get rich. Here’s what they learned

Patel, who has already paid down his $40,000 in student loans, says the best piece of advice he was given was to start early and to have a goal. “That’s the most important, the goals,” he said. “Why are you doing all this stuff?”

Never jump on the bandwagon, Patel says, even when you see everyone else doing something. It’s too tempting to give into momentarily impulses and moods. You put money into stocks, then the market falls, then you’re tempted to dump the stocks and flee the market. “It’s the opposite of what they’re supposed to be doing,” Patel said.

Whatever you do invest in, Patel says, you should know very well, as Warren Buffett says. Learning your investment backward and forward is a No. 1 rule.

Doing a Google search on an investment isn’t enough. Watching HGTV isn’t enough to get you into real estate investing. The home-flipping network makes it seem very easy.

“It’s not,” Patel said.

The hardest thing about investing, Patel says, was coming up with the capital in the first place, since the cost of living in Connecticut is high. “Buying real estate takes around $50,000 or $60,000 to buy a property,” he said. “You need to do your homework on the financing options.”

Lifestyle creep is a real danger, Patel says. “You want the better car, a nice watch, nice clothes,” he said. “At a certain point you can enjoy some material things, but you have to keep your lifestyle down to earth.

“You can’t have it keep going up and up and up.”

Check out 5 Money Lessons Everyone Should Know by Age 30 via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

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