In my coaching program, we have to plan out our secure, comfortable and rich plans for our future. This is aspects of what’s happening in each plan.
Secure: debt reduction plan, disability & life insurance, emergency savings
Comfortable: which asset am I going to work on first?
Rich: just adding zeros to your current deals
You must be comfortable and happy where you are at for 5 years (in the comfortable plan). Once you get assets that produce cash flow then don’t want to use the extra money to improve your lifestyle. If you want to do that then do it when you first enter into the comfortable plan and then stay there until you enter the rich plan.