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
You figure out where you are financially, and where you want to go.
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.
You have no ‘bad’ debt and six months’ worth of expenses for emergencies.
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: