The 7 Stages Of Financial Freedom
38,109
Published 2022-12-06
⏱ 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
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All Comments (21)
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Where do you think you are on the journey to financial independence?
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“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
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What can one do to be financial free ??
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Great🤗
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great😍
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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..
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I'd say I'm between stages 4 and 5. Great video thanks!
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It's really nice to watch your channel
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Well it is a good thing
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Relating to these stages, which financial stage is minimum requirement before committing to a marriage (as a man)?
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5
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Financial Literacy series: https://youtu.be/R-fQF5HTt6E
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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.
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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!
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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.
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Stage 2
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Ok just started this mini course in my 30s mission is to be financially free in 10 years
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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
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Millennial view: Each stage is at least a decade. Laugh or cry? lmao
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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!
