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The SIX Levels of Financial Freedom
Explained below
RTs appreciated to raise awareness
Explained below
RTs appreciated to raise awareness
LEVEL 1 = SOLVENCY
Debt/Expenses = Monthly Income (or most of it)
MOST people are at L1
Yet they are qualified to tell you not to chase your dreams?
Also note - This is the level you will enter at with a degree/qualification
Debt/Expenses = Monthly Income (or most of it)MOST people are at L1
Yet they are qualified to tell you not to chase your dreams?
Also note - This is the level you will enter at with a degree/qualification
LEVEL 2 = STABILITY
Living Expenses = Income + Emergency Fund
The ones who break free from L1 are usually capped at L2
Life gets in the way
They want to do more but they really havent got the
- Time
- Ambition
- Energy
- Motive
Living Expenses = Income + Emergency FundThe ones who break free from L1 are usually capped at L2
Life gets in the way
They want to do more but they really havent got the
- Time
- Ambition
- Energy
- Motive
LEVEL 3 = DEBT FREEDOM
Freedom of debt and some basic investments
This level will be your highly skilled professionals
OR
high skilled individuals that are self-employed
If you manage to get through L1 & L2
L3 is the ultimate comfort zone because
Freedom of debt and some basic investmentsThis level will be your highly skilled professionals
OR
high skilled individuals that are self-employed
If you manage to get through L1 & L2
L3 is the ultimate comfort zone because
You have worked hard to get there
You feel you've "earned" something and now
its time for rewards.
Not realising you are not yet FREE bc you havent got any passive income
You feel you've "earned" something and now
its time for rewards.
Not realising you are not yet FREE bc you havent got any passive income
LEVEL 4 = SECURITY
Investment funds = Survival expense
Your investments are your survival fund at this stage
So your future is taken care of by your asset management.
Often people spend their entire lifetime in reaching this L4
Investment funds = Survival expenseYour investments are your survival fund at this stage
So your future is taken care of by your asset management.
Often people spend their entire lifetime in reaching this L4
LEVEL 5 = INDEPENDENCE
Investments are paying for your living costs
You are basically made
Your money is working for you and
allowing you to focus on growth & improvement.
Investments are paying for your living costsYou are basically made
Your money is working for you and
allowing you to focus on growth & improvement.
Before I reveal level 6
Lets understand a few things...
- You can fluctuate between levels
- You may be in a few different levels at the same time
but are you able to sustain them?
- you may not fit into any levels, just yet
- each level is an opportunity to grow
Lets understand a few things...
- You can fluctuate between levels
- You may be in a few different levels at the same time
but are you able to sustain them?
- you may not fit into any levels, just yet
- each level is an opportunity to grow
LEVEL 6 = ABUNDANCE
Investment income exceeds the cost of ANYTHING you want
This is where money is no longer an issue for you
Your business model is self-sustaining and growing
with a minimal input from you.
.
.
.
I hope you enjoyed this learning
Dont forget to RT
Investment income exceeds the cost of ANYTHING you wantThis is where money is no longer an issue for you
Your business model is self-sustaining and growing
with a minimal input from you.
.
.
.
I hope you enjoyed this learning
Dont forget to RT
