Have no debt, build a cash flow and capital gains machine. Be tax efficent.
> Step one is to minimize your debts and running costs.
Own your home (pay mortage) and the land beneth it, put solar on the roof, etc.
> Then you can do 2 type of investments:
Cash flow and Capital gains ones.
Cash flow is for example a rental property that pays its mortage and generates cash so it covers some of your monthly expenses. For example your food and power bills.
Capital gains is buying sp500 ETF that reinvest the dividends.
Get advice on how to run your cash/capital gains machine in a tax efficent way (depends on where you are based ).
This way you should generate enought cash that you dont need your current job to life in your own house = Financial independence and be able to conistently invest money in the stock market (low cost sp500 etf if you are unsure) or other buisness (Buying stocks is buying a business, if you think about it).
At the same time you can take more risk in investments as you can take the hit if they dont work out.
Also keep running and get good insurance as health care cost can destroy you...
Keep grinding till you get to 25-50 mio. Then put in trustfund for your kids