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Young adults starting their financial journey should prioritize getting out of debt except for the house and building an emergency fund equivalent to three to six months of expenses. Once they reach this stage, they can focus on investing 15% of their income, aiming to accumulate around five million dollars by retirement age. Paying off the house early is also a crucial step, as the average millionaire achieved this in about 11 years, freeing up significant monthly funds for investments and relaxation without financial burden.
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