Podcasts Business Investing Radical Personal Finance 174-The Stages of Financial Independence: A Useful Roadmap to Help You Navigate from From Broke to Financial Freedom

174-The Stages of Financial Independence: A Useful Roadmap to Help You Navigate from From Broke to Financial Freedom

Published: April 2, 2015, 9 p.m.

You can\u2019t go from broke to rich in a single step. There\u2019s no magic fairy who will suddenly transform your financial life for you. You have to do it yourself.

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But you can work your way through a path that leads to financial independence and complete abundance. That path has stages and you should celebrate your progress at every stage!

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In today's show, I share with you my ideas regarding the stages of financial independence. I believe this is a useful roadmap to help you navigate from where you are to total Financial Abundance.

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Stage 0: Financial Dependence

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Stage 1: Financial Solvency

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Stage 2: Financial Stability

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Stage 3: Debt Freedom

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Stage 4: Financial Security

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Stage 5: Financial Independence

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Stage 6: Financial Freedom

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Stage 7: Financial Abundance

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My challenge to you is to take these stages, understand where you are, and lay out the numbers of your own situation. How much do you need to be financially stable? What's your number for financial independence? Financial freedom?

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Write it down clearly for yourself and then keep working on it!

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Enjoy the show,

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Joshua

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