Building Wealth: Where to Start with 10k in Savings

To effectively build wealth starting with $10,000 in savings, focus on increasing your income potential and consider starting a side business. Assess your current income and identify opportunities for growth, aiming to break the $80,000 annual salary ceiling. Entrepreneurship is crucial; consider reading MJ DeMarco's books, 'Millionaire Fastlane' and 'Unscripted', for strategic insights into achieving financial independence. Building a successful business can elevate your income target to $300,000 or more annually. Without this entrepreneurial mindset, investment options remain, but they will likely result in a delayed retirement timeline, pushing you toward financial independence in your 40s, 50s, or 60s.