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

Learn more about moneyandinvestments with this collection

How to develop a healthy relationship with money

How to create a budget

The impact of emotions on financial decisions

The Psychology of Money

Discover 52 similar ideas in

It takes just

7 mins to read

charlie munger

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

CHARLIE MUNGER

22

244 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.

23

184 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.

23

167 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.

23

149 reads

CURATED BY

maddoxe

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

stash-superman-illustration

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.

# 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.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

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!

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.

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

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!

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.

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.

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

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates