In today’s episode, Ms. Black talks about ”The 7 Stages Of Financial Freedom”
Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.
THE 7 STAGES OF FINANCIAL FREEDOM
1. CLARITY
You figure out where you are financially, and where you want to go.
2. SELF-SUFFICIENCY
You’ve moved out of mom and dad’s and can cover your expenses.
3. BREATHING ROOM
You’re saving some money and no longer living paycheck-to-paycheck.
4. STABILITY
You have no ‘bad’ debt and six months’ worth of expenses for emergencies.
5. FLEXIBILITY
You have at least two years of expenses saved. You could take a year off work.
6. FINANCIAL INDEPENDENCE
You can live off the income your investments generate.
7. ABUNDANT WEALTH
Money isn’t a concern. You have more than you’ll ever need.
Learn more about Ms. Black:
Website: http://www.stayingintheblk.com
Instagram:@stayingintheblk