4 Stages Of Wealth

@Welcome Baddies

Financial Stability: Achieving financial stability involves being debt-free, having savings for future goals, and having enough liquid assets to cover six times your monthly expenses.

Financial Security: Financial security is attained when you have investments or assets generating passive income to cover expenses, emergencies, and retirement without fear of running out.

Financial Freedom: Financial freedom is reached when your positive cash flow assets generate enough passive income to sustain your current lifestyle, allowing you to focus on what you love without financial stress

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Financial Abundance: At the highest stage of wealth, financial abundance means having enough positive cash-flow assets to sustain your desired lifestyle comfortably, affording you the freedom to enjoy life without fear of running out.

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