In a recent LinkedIn post, Ryan Gomez, CFP® outlines a clear, four-step strategy for individuals looking to rebuild their finances from scratch, with the ultimate goal of reaching over $1 million in assets. The financial planner emphasizes that achieving significant wealth is less about the income earned and more about consistent, disciplined financial behavior.
Gomez, CFP® begins by stressing the foundational importance of an emergency fund. He states:
“3-6 months of expenses minimum. Covers expenses for job loss, car repairs, etc. Absolute game-changer when it comes to feeling financially secure.”
According to Gomez, CFP®, this safety net is crucial for providing financial security and preventing unexpected life events from derailing long-term financial goals.
Prioritizing Retirement and Future Goals
Following the establishment of an emergency fund, Ryan Gomez, CFP® directs attention to retirement savings vehicles. He highlights the significant tax advantages offered by accounts such as 401(k)s, Backdoor Roth IRAs, and Health Savings Accounts (HSAs).
Gomez, CFP® argues that understanding contribution levels and potential tax savings is vital for long-term wealth accumulation. He notes the importance of calculating necessary contributions:
“Run the number on how much you need to contribute. Will save you a boatload of taxes over a 30+ year career.”
Beyond retirement, Gomez, CFP® addresses the need for accessible funds for goals that may arise before age 59.5. He proposes utilizing a non-retirement brokerage account for these purposes.
The Role of Brokerage Accounts
In Gomez, CFP®’s view, this brokerage account serves as a critical “bridge account.” It provides flexibility for saving towards objectives like a down payment on a home or enabling early retirement without incurring early withdrawal penalties associated with traditional retirement accounts.
Balancing Saving with Enjoying Life
Crucially, Ryan Gomez, CFP® does not advocate for a life of pure austerity. His fourth step, “Spend The Rest,” emphasizes the importance of allocating funds towards enjoyable life experiences.
He encourages readers to spend on what brings them joy, whether it be travel, dining out, or pursuing hobbies. Gomez, CFP® posits:
“Money is just a tool, not the end goal. Make sure you’re spending on what you enjoy.”
This perspective underscores a balanced approach to personal finance, where wealth building coexists with present-day enjoyment.
Behavior Over Income: The Key to Wealth
The core message Ryan Gomez, CFP® conveys is that wealth accumulation is fundamentally driven by behavior, not solely by income level. He illustrates this point by contrasting two hypothetical individuals:
“The person making $50k who saves 20% will retire richer than the person making $150k who saves nothing,” Gomez, CFP® writes.
He urges immediate action, emphasizing that consistent effort, even small increases in savings, compounds significantly over time. As Gomez, CFP® concludes, “Start today. Every small increase makes a huge difference in the long run.” This actionable advice positions financial discipline as the primary determinant of long-term financial success.
📝 About This Content
This article is based on insights shared by Ryan Gomez, CFP® on LinkedIn.
📅 Originally posted on August 7, 2026 | View original post on LinkedIn →