One of the key's to high incomes is personal spending habits. Spend 105% what you make and your stuck on debts treadmill. Spend less than 70% of what you make and not only do you have a cushion that lasts longer, but you can take a significant pay cut without issue. Now let's say you have a great idea, if your over 25 then scraping together 6 months living expenses pluss a little working capital is easy, by 30 taking 2 years off is not that risky. After that you can start looking into angle type investing. Granted, the risks are still there but being able to take more of them greatly increases your long term chances.
Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.
