Focus: Income maximization and expense control
- Build 6-month emergency fund
- Maximize employer benefits
- Eliminate high-interest debt
- Develop high-income skills
- Target: $50-100K net worth
Years 4-7: Accumulation Phase
Focus: Aggressive saving and smart investing
- Save 30-50% of gross income
- Diversify income sources
- Start real estate investing
- Build business assets
- Target: $250-500K net worth
Years 8-12: Multiplication Phase
Focus: Compound growth and optimization
- Multiple six-figure income streams
- Sophisticated tax strategies
- Alternative investments
- Business ownership
- Target: $1M+ net worth
Years 13-20: Freedom Phase
Focus: Financial independence and legacy
- Work becomes optional
- Focus on impact/fulfillment
- Wealth preservation strategies
- Next generation planning
- Target: $2.5M+ net worth