You are currently viewing The 7 Stages Of Financial Freedom

The 7 Stages Of Financial Freedom

  • Post author:
  • Reading time:1 mins read

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

Leave a Reply