The Spectrum of Financial Dependence and Independence
Keep reading for FREE
I did not intend to get rich. I just wanted to get independent.
CHARLIE MUNGER
12
83 reads
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.
12
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.
12
42 reads
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.
12
31 reads
CURATED BY
MORE LIKE THIS
Financial Independence, Retire Early (FIRE) Definition
5 Destructive Money Habits to Quit Today - Darius Foroux
Financial planning for Beginners - Top 10 Golden rules
Ready for the next level?
Read Like a Pro
Explore the World’s
Best Ideas
200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.
An Idea for Everything
Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.
Knowledge Library
Powerful Saving & Organizational Tools
Save ideas for later reading, for personalized stashes, or for remembering it later.
Start
31 IDEAS
Start
44 IDEAS
# Personal Growth
Take Your Ideas
Anywhere
Organize your ideas & listen on the go. And with Pro, there are no limits.
Listen on the go
Just press play and we take care of the words.
Never worry about spotty connections
No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.
Get Organized with Stashes
Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.
Start
47 IDEAS
Start
75 IDEAS
My Stashes
Join
2 Million Stashers
4.8
Stars
5,740 Reviews
App Store
4.7
Stars
72,690 Reviews
Google Play
samz905
Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.
“
Sean Green
Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
“
Shankul Varada
Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.
“
Ashley Anthony
This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!
“
Laetitia Berton
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
“
Ghazala Begum
Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.
“
Giovanna Scalzone
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
“
Jamyson Haug
Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
“
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
FAQ
Claim Your Limited Offer
Get Deepstash Pro
BLACK FRIDAY
75% OFF | 1-Year Pro Subscription
Claim Offer