Stage 01: Wealth Accumulation
Last updated: Mon 31-Aug-2026 evening
Motivation
Your financial journey consists of three stages.
| Stage | Name | Description |
|---|---|---|
| 01 | Wealth Accumulation | How do you accumulate wealth through out your earning years. How do you get to the point of financial independence sooner rather than later. This page. |
| 02 | Wealth Preservation | How do you decumulate your wealth after you stop earning. So that your accumulated wealth lasts as long as possible to give you the best life possible. |
| 03 | Wealth Transfer | How do you transfer your wealth to your beneficiaries upon your death in the most efficient manner. |
The Process
The process to accumulate wealth is fairly straight forward for most people that have a job that provides them an income.
These pages are not discussing business ownership, entrepreneurship, etc.
For the person earning a paycheque the process is simple:
- Determine your plan.
- Determine your budget.
- Figure out your banking.
- Make sure that you have an emergency fund.
- Understand what financial independence means.
- Make sure that you start early.
- Invest.
- Learn
- Revisit your plans and process occasionally (e.g. once or twice a year or upon significant life change).
Appendix
Version History
| Date | Notes | |
|---|---|---|
| 01 | Mon 30-Jan-2022 | Initial version |
| 02 | Mon 13-Mar-2023 | Second version |
| 03 | Fri 30-Jun-2023 | Third version |
| 04 | Thu 14-Mar-2024 | General cleanup |
| 05 | Sun 9-Aug-2026 | Convert to markdown |
| 06 | Sat 22-Aug-2026 | Moved content from this page to other pages |
| 07 | Sat 29-Aug-2026 | Moved content from this page to other pages |
| 08 | Mon 31-Aug-2026 | Cleaned out and made this page just a top level. |