Financial freedom is the point where your passive income exceeds your living expenses.
These steps show the route to take to arrive at the point called, financial freedom. What to do with these steps? Determine where you are, and then you can get counsel to help you move from where you are to your desired destination.
Counseling can be as a group or one to one, with attendant costs. Posts are free!
Step 1. Expense is greater than income
Step 2. Income equals expense
Step 3. Income exceeds expense, but no real savings.
Step 4. Income exceeds expenses and an escrow account has been created for reserves (savings).
Step 5. Escrow has been funded consistently as a habit.
Step 6. Reserve is used to buy asset(s).
Step 7. Asset begins to generate passive income.
Step 8. Passive income exceeds living expenses
Step 9. Passive income is multiples of expenses.
Navigating from one step to the other is not rocket science. It requires some guidance and commitment from your part to succeed.
If you require my help, identify where you are and book a session via firstname.lastname@example.org
To your financial freedom!
Share with your friends and find their levels. Step 0 is no income.