The Spectrum of Financial Dependence and Independence - Deepstash
The Spectrum of Financial Dependence and Independence

The Spectrum of Financial Dependence and Independence

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charlie munger

I did not intend to get rich. I just wanted to get independent.



83 reads

The financial spectrum: Level 0 - 6

The financial spectrum: Level 0 - 6

  • Level 0: Complete financial dependence on the kindness of strangers who have no vested interest in your success.
  • Level 1: Complete financial dependence on people who want you to succeed.
  • Level 2: Complete financial dependence on people with a vested interest in your financial outcome.
  • Level 3: Ability to partially support yourself by adding value for others.
  • Level 4: Ability to fully support yourself by adding marginal value for others.
  • Level 5: Enough savings to cover run-of-the-mill problems.
  • Level 6: Enough savings to cover large, unforeseen problems for a longer period.


35 reads

The financial spectrum: Level 7 - 11

  • Level 7: Retirement savings, education savings, and avoidance of consumer and auto debt. You can see a time when your current savings will give you independence.
  • Level 8: The ability to pick a job or specific customers and say no to unnecessary hassle.
  • Level 9: Becoming comfortable with your social status to avoid flashing your expensive consumer goods.
  • Level 10: You can say no to banks whose debt you don’t need, including mortgages.
  • Level 11: You could support yourself for a year or more of your liquid savings.


42 reads

The financial spectrum: Level 12 - 16

The financial spectrum: Level 12 - 16

  • Level 12: Interest and dividends cover more than half of your living expenses because of a slim lifestyle rather than huge assets.
  • Level 13: Your assets and reasonable return expectations will cover basic living expenses for longer than your life expectancy.
  • Level 14: Your assets cover above-basic living expenses with assets and their reasonable return expectations.
  • Level 15: Independence lets you do and say what you please since you don’t rely on the support or opportunities other people could offer.
  • Level 16: Meaningful philanthropy.


31 reads



"The key is in not spending time, but in investing it." - Covey


Financial Independence, Retire Early (FIRE) Definition

Financial Independence, Retire Early (FIRE) Definition

5 Destructive Money Habits to Quit Today - Darius Foroux

5 Destructive Money Habits to Quit Today - Darius Foroux

Financial planning for Beginners - Top 10 Golden rules

Financial planning for Beginners - Top 10 Golden rules

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