Part 8/11:
The Learning Phase (20s to 30s): This stage focuses on skill-building, gaining experience, and establishing sound financial habits. Even with lower salaries, it’s imperative to invest in education and start saving, however modestly.
The Earning Phase (30s to 50s): Income generally increases during these years. This phase requires a proactive approach to maximize earnings and invest aggressively, utilizing tools such as real estate and retirement accounts.
The Harvesting Phase (50s and Beyond): At this juncture, the effects of compounding yield substantial passive income, leading to financial independence.