Financial Planning Principles - Accumulating the first $100K is the most challenging step in wealth building [1] - Prioritize net worth over salary as a measure of financial success [1] - Cash provides a sense of security, while stocks offer the potential for financial freedom [1] Investment Strategies - The market favors a patient, long-term investment approach [1] - Utilize tax-advantaged accounts like Roths and 401(k)s to minimize tax liabilities [1]