After all, unless you hit a home run with a business or invention, there are usually steps that must take place in a certain order, just as you can’t run from first straight to third base.
In any case, the main thing is to control your spending and not to live paycheck to paycheck. Then, take that money and do something wise with it.
It is my strong opinion that you should truly diversify your investments. This is the same principle as having multiple streams of income: if and when one dries up or has a slow season, you’ve got others to rely on.
Focusing on cash flow allows you to change the way you live today. For example, as I receive passive income from my rental properties, I can adjust my life accordingly, today, to achieve my optimal work-life balance.
You make the choices you want to make, rather than the ones you have to make because of work or other financial obligations. Home base is achieving a balance between freedom and fulfillment.