Goal: Create a gap between income and expenses. Trap: Lifestyle inflation (spending more because you earn more).
Now that you have a high income from Phase 1, you must keep it. A millionaire is simply someone who has kept the money they earned and put it to work.
The Strategy:
The Milestone: You have $25,000 to $100,000 in liquid cash or safe investments. This is your "escape velocity" fuel.
In the digital age, trust is the ultimate currency. 0 to millionaire extra quality
Standard financial advice suggests slow saving; the millionaire path requires calculated risks.
How do you go from $0 to $1,000? Most people think they need a job. You do. But an "Extra Quality" start uses unconventional capital. Goal: Create a gap between income and expenses
When you have zero financial capital, you must rely on three other forms of capital: