The Time Horizon of Wealth Is Super Long
Nicole Dieker

This plan sounds like it’s postponing investing for far too long. You want to invest as early as possible to maximize returns over your lifetime. In the long run, it’s going to be very expensive to keep all your early savings in cash when they could have started earning a return for you in an index fund. There might be some good reasons for a person to have that much cash on hand, like they don’t have access to credit or they have a big purchase coming up, but I wouldn’t make that the hurdle everyone needs to jump before building wealth.