4 Steps to Financial Independence

I want to outline a simple plan that can take anyone, no matter where you are financial at present, along the journey to financial independence.

I call it the 4 Levels to Financial Independence!

Each one is intricate and can involve many strategies, therefore, each one will get it's own post.

From what I have learned about finance and the road to financial independence, is that most people have to follow roughly the same steps in order to go from the worst: No Assets and in Debt! To the best: Enough investment assets to support your lifestyle, that is, financial independence!

So what are the 4 levels?


Level 1: Debt reduction
Level 2: Starting to get ahead
Level 3: Investing
Level 4: Financial Independence!

I will go through each section in an individual post and elaborate on some steps that can be taken to help in achieving each one, but quite simply, people in the worst financial position are at step 1, which is quite common: no savings, maybe a home, but plenty of debt (car loans, credit cards). I want to outline some steps that can be taken at each level, to move you onto the next level, until eventually you reach Level 4: Financial Independence!

Remember, you can go from Step 1 to Step 4 within 10 years, even if you are starting with nothing!

Feel free to ask any questions, I'm happy to help!

Peace.