THE LEVELS OF FINANCIAL FREEDOM

THE LEVELS OF FINANCIAL FREEDOM

 LEVEL 6 : ABUNDANCE

(INVESTMENT CASH FLOW >> ANYTHING YOU WANT)

LEVEL 5 : INDEPENDENCE
(INVESTMENT CASH FLOW = LIVING COST)

LEVEL 4 : SECURITY
(INVESTMENT CASH FLOW = SURVIVAL EXPENSES)

LEVEL 3: DEBT FREEDOM
(FREE OF DEBT & START INVESTING)

LEVEL 2 : STABILITY
(LIVING EXPENSES = INCOME) + EMERGENCY FUND

LEVEL 1 : SOLVENCY
(DEBT/LIVING EXPENSES = INCOME)

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4 BIGGEST FINANCIAL MISTAKES AND HOW TO AVOID THEM

4 BIGGEST FINANCIAL MISTAKES
YOU SHOULD AVOID MAKING THESE
 

AGE 20: NOT INVESTING EARLIER

 AGE 30: NOT BUILDING OTHER INCOME STREAMS
 AGE 40: NOT PAYING OFF DEBT EARLIER
 AGE 50: NOT SAVING ENOUGH FOR RETIREMENT

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TIPS FOR PERSONAL FINANCE GOALS

 TIPS FOR PERSONAL FINANCE GOALS
1) BUY STOCKS ON MONTHLY BASIS

 2) SAVE 20%OF YOUR INCOME

3) INVEST IN LOW COST INDEX FUNDS.
 4) INVEST IN DIVIDEND STOCKS.
 5) READ 1 BOOK A MONTH.
 6) PAY OF ALL YOUR DEBT.
 7) CREATE ANOTHER STREAM OF INCOME.

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