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4 Levels Of Wealth

Levels Of Wealth
Photo by Nattanan on Pixabay

In order to work towards and attain the highest level of wealth, you must first be aware of your expenses and recognize which level of wealth you are currently at right now.

Level 1: Financial Stability

When you have sufficient liquid assets to cover your current expenses for 6 months, you will have a peace of mind should any unforeseen circumstance arises.

Level 2: Financial Security

When you have a positive cashflow assets of passive income to cover your most basic necessary critical expenses, you will have the ability to stop working and maintain a basic lifestyle. You can afford to channel more assets towards building more passive income should you choose to continue to work.

Laser Focus

Level 3: Financial Freedom

When you have accumulated a massive amount of positive cashflow assets of passive income to sustain your current expenses, you will have the ability to stop working and maintain your current lifestyle. You can afford to channel all assets towards building more passive income should you choose to continue to work.

Level 4: Financial Abundance

When you have accumulated a critical amount of positive cashflow assets of passive income to sustain your desired lifestyle, you will have the ability to stop working and live a lifestyle you truly dreamed of.

So which level are you at?

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