Today I wanted to share with you “The 5 Levels of Financial Freedom”.
The video below might make you a little uncomfortable, as many people may discover the level they are currently on might not be where they want to be. The good news is that you can change any levels any time you like, through the application of knowledge called “action”.
Let’s take a look at each level. If you’ve been studying finance, wealth or abundance at any point in your life, you will realise there are different levels that people get to and that the only way to implement the right strategy is to understand the level you’re currently on.
Watch the video to learn all 5 levels and to discover which level you’re on.
In summary, the 5 Levels of Financial Freedom are as follows:
Financial Poverty – This level of wealth is when you are unable to live your current lifestyle for longer than 1 year if you were to stop earning another dollar from an active income.
Financial Stability
This level of wealth is obtained once you have enough capital to live your current lifestyle for between 1 to 5 years without having to earn another dollar from an active income.
Financial Security
This level of wealth is obtained once you have enough capital to live your current lifestyle for more than 5 years without having to earn another dollar from an active income.
Financial Indepedence
This level of wealth is obtained once you have enough capital invested at 7% to allow you to live your current lifestyle year in year out without ever having to earn another dollar from an active income.
Financial Freedom
This level of wealth is obtained once you have enough capital invested at 7% to allow you to increase your lifestyle year in year out without ever having to earn another dollar from an active income.
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