The 7 Stages Of Financial Freedom

preview_player
Показать описание
What does Financial Freedom mean to you? Financial Freedom can be a daunting concept as a whole, but today we’ll break it down into its seven stages. These are meant to simply inform and give you an idea of where you may be right now, and the possible future stages you’d want to ensure you hit as you prepare for retirement or changes in your financial journey.

⏱ Time Stamps:
00:00 Intro
01:02 Dependency
02:17 Self-Sufficiency
02:57 Stability
03:55 Security
04:48 Flexibility
05:51 Financial Independence
06:32 Financial Abundance
06:53 Outro

#TheWealthWorkshop #PersonalFinance #financialindependence

"If you're looking to build your wealth mindset, come on into the workshop!"
▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂
What we use to track and build our wealth:

▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂

DISCLAIMER: None of this is meant to be construed as investment advice. We are not financial advisers. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share our own opinions with no guarantee of gains or losses.

DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that we provide, we may receive a small commission. At no charge to you, this supports the channel, so thank you!
Рекомендации по теме
Комментарии
Автор

Where do you think you are on the journey to financial independence?

thewealthworkshop
Автор

“To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis.” - Robert Kiyosaki

KiyosakiSays
Автор

I am at the stage 4 security but im extremly happy cause i just turned 19 ill retire in few years and i started working 2 mouths ago i dont buy dum stuff and stuff useless such as gaming pc or phone for 1k its ridicilious and i dont even know why i have such a huge high financial inteligence cause my pwrents are in their 50' still working meanwhile i still live with mom and made the other sacrificices too so in few years ill be free people are just so stupi they speend money without respecting it and then they pay it by working a job they hate for the rest of their lives its insane..

serialkiller
Автор

What can one do to be financial free ??

Michelle_Sanders
Автор

I'd say I'm between stages 4 and 5.
Great video thanks!

MarinaSoriano
Автор

It's really nice to watch your channel

okorogift
Автор

Relating to these stages, which financial stage is minimum requirement before committing to a marriage (as a man)?

AsifRaza-oqnb
Автор

Ok just started this mini course in my 30s mission is to be financially free in 10 years

cavmacauley
Автор

This has been a very educational take on achieving financial freedom. I wish more YouTubers take the time to create quality content like this. Thank you for sharing this take. Keep it up!

decidertips
Автор

Well, technically I'm on stage six. I have enough so that I don't have to work but I definitely can't travel to other countries or eat at the finest restaurants. That's where I'm headed next.

Battleganz
Автор

I'm at stage 6 with slightly over 25X my annual expenses invested and 1/2 years expenses cash in hand. To get to 7 I will probably need to have a couple years or more living expenses in cash readily available with 33X to 100X annual expenses invested.

educatedwanderer
Автор

I started 5 years ago and am using a dividend application to track my hourly passive income. I get joy out of seeing it grow as if it was a video game score. My cost basis is so low that this sideways market doesn’t bother me

diegoaramayo
Автор

Millennial view: Each stage is at least a decade. Laugh or cry? lmao

pchap
Автор

I have enough in liquid reserves (not including 401k & my Roth IRA) to go over a year and a half without working. So that's kinda nice!

kaizenborntowin