Which stage of wealth do you believe you’re currently at?
I am at 2 🥲
For those who have achieved financial independence or freedom, what was the most significant habit or decision that helped you get there?
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Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑2->3 is a huge jump.
I know….2-3 years is doable by 5 and 10 that’s something a big shot
On the contrary, it's 3 to 4 which is typically harder to do because your earning potentially increases along the way, and hence your asset needs to increase in both value and dividend/rental which is harder imho
I don't think debt freedom is a good measure of stability. I have a home loan but consider myself secure.
Financial discipline in purchase, saving and investing helps the most. Impulsive purchases may feel good in short term but long term can affect your finances a lot.
That's why goal setting is important. Otherwise you're just winging it and can get lost without purpose.
That's why so many high income folks feel blank about their wealth and future goals. They never thought about what to do with their money and resources.
So aptly put. I can say been there and done that. Now I am super disciplined in my expenses
Achieving 4 and above is quiet difficult, the usual income generating assets are property from which one can earn rental income. But purchasing property requires a very large investment. Property prices are very expensive.
