Hello SPIers, today we look at the 7 levels of Financial Freedom. This is something I came across a few years back and found interesting. The fundamentals of each level are timeless meaning someone from a hundred years ago could have followed this same chart to financial freedom as could someone 50 years from now.
Let's skim through each level
- 1 - Clarity
Here, you will look at what money you have, what money you owe and plans your goals
- 2 - Self-Sufficiency
By this level, you can stand on your own 2 feet and support yourself with any outside aid. You'll likely be living from paycheck to paycheck
- 3 - Breathing Room
At this level, you will have extra money after all your expenses are paid and you might save that into an emergency fund are start investing for retirement. This is where most people end up as we live in an earn-more, spent-more debt-based society,
- 4 - Stability
All your bad debt is paid off (everything except a mortgage) and you will have at least 6 months of living expenses stashed away. At this level, losing a job are having to relocate is not a huge stress.
- 5 - Flexibility
You'll have at least 2 years of expense stashed away in liquid assets that you can gain access to at any time. At this level, your money is starting to work for you giving you the freedom to temporarily leave the workforce.
- 6 - Financial Independence
At level 6, you can live solely off income generated from your investments. You have the freedom to do as your heart desires and you have won at the game of life.
- 7 - Abundant Wealth
You now have FU money and at this level, money becomes a tool to save time.
Where do you rank on the list?
I dont expect a bunch of people to start commenting on what level they are because well...people dont comment on posts anymore 🤣 and that's kind of personal maybe.
Im closer to 7 than I am to 1 so that's where I am.
I hope you found this post interesting and it killed a few minutes for you, have a great weekend!
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token |  | SPI |
| LBI token |  | LBI |
| Top XV token | | XV |
| Eddie Earners |  | EDS |
| EDS miners | | EDSM |
| EDS mini miners | | EDSMM |
| DAB |  | DAB |
| DBOND | | DBOND |