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 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.
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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 hassl...
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168 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 exp...
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150 reads
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