So, to start, create a new Pilot, dont worry, you'll progress very fast, so its not that bad.
Buy a Shuttle, do the missions with James, you'll need the money, once your finished with missions for James, head straight to Foundry in the Achernar System, go to the Outfitter and sell your Battery, now buy as many Bunk rooms as possible, and enough laser rifles for every crew member to have one. Hire all the crew you can get. Proceed to step 2.

Once you have your shuttle outfitted with bunk rooms and laser rifles, jump to Sundive in the Sheratan system, land on Sundive, and take off, wait until a pirate is disabled, board it, it you can, capture it, jump back to Foundry, sell it, rinse and repeat until you've paid off your debt AND bought a Bounder, fill the Bounder with bunk rooms and a laser rifle for each crew member. head back to Sheratan, rinse and repeat until you have 30 million credits. Proceed to step 3.

With your 30 million credits, head to Valhalla in the Epsilon Leonis system, Sell your Bounder, now, buy a Bactrian, Sell the Metor and Torpedo launchers, as well as the Anti-Missle turrets, KEEP THE LASERS, you'll need them, buy as as many outfit expansions as you can, now buy 3 water coolant systems and 20 something bunk rooms. now, head north to the pirate worlds, bribe and land on Haven in the Arneb system, Buy enought laser rifles, and frag grenades to give every one of your 200+ crew members one of each, hire the max crew members. Proceed to step 4

With your Cap god Bactrian, go back to Sheratan, do doubt while your were slaving away for your 30 million you saw a Korath Raider or 2, after you land on Sheratan and take back off, wait for either a Tarazed Falcon, or a Korath Raider to jump into the system, if its the Falcon, disable it with your lasers, capture it with your 200+ grenades and lasers, and land on the planet, rinse and repeat until you have 3 or 4 of them, if its the Raider, attempt to disable it, if you do steal his jump drive, then run to Crossroads in the Ruchbah system and sell your hyperdrive, install the jump drive. Now, if you have a fleet of falcons, use them to disable and now capture Raiders, if you have no falcons and a new fancy jump drive, jump to Kor Ar'Mari and wait for a Raider to jump in, disable it, capture it, jump back to Sheratan, land, rinse and repeat until you have 12 or so Raiders in your fleet. Proceed to step 5

With your fleet of Korath Raider, head to Hai Home in the Yo Hai system, bribe and land, sell all of your Raiders/Falcons, and buy as many Shield Beetles as you can, your going to need 15 at the very least, if you dont have enough money/ships go farm more Raiders, sell the hyperdrive in the SB (Shield Beetle) and repace it with one of the jump drives from the Raiders you sold, now head back to Arneb, you'll see a system to its north, jump to it, now follow the hyperspace links in this new area north untill you find Ka'ch'chari, land on Vara'k'chari, congrats you've meat the Wanderers, now do every mission from them untill you can buy their Sunbeams, sell the sell the ion cannons, pulse turrets, and tracker pods in your fleet of 15-20 SB's, now put 4 Sunbeams in each, jump to the uninhabited system to the north of Ka'ch'chari, then to the left of it, on top of a bright spot on the map, you'll see a single star system, jump to it with your fleet of SBs, you should still be in your Bactrian btw, land on Vara Pug, then take off, click on the nearest Pug ship (They look like orange dildos) and hit F, watch as your SBs go on a murderous rampage of the Pug, check the map, if the system appears orange your good to go, go back to Ka'ch'chari, land, take off, and proceed to step 6

Take off from Vara'k'chari, then jump back to Pug Iyik, there should be an odd looking ship nicely named Ayee Eee Eek, target it, hit F and watch as your SB's all roast it like that kid in 6th grade, and then disable it, board it, and capture it, once you do, go straight to Vara'k'chari, land and sell every ship other than Ayee Eee Eek, proceed to step 7

Profit, Congrats! You are now prepared to absolutly Curbstomp the sh*t out of the Navy, Rename the ship if you please, personally I like to keep the original name, go ahead and install a Wanderer ramscoop, you'll thank me later. Hit c by default to Cloak, or as some folks in the discord put it "Hit C to enable God Mode". Now you can do every battle in the Free Worlds story without worrying about getting killed thousandes of times, as long as you dont run into the middle of the battle, and if your shields ever get taken out, just cloak and regen. You can also Dominate every pirate system in Human space with this stratagy. Thx for reading and remember, Sharing IS caring! :D