Level 2: Getting Ahead

So you've started saving some money on a weekly basis and you've used this money to get well on your way to paying off all of your personal debt. Congratulations! Or maybe you just never had any debt to begin with. In any cases you've made it through Level 1 and you've been promoted, you're now at Level 2: Getting Ahead!

There's a very fine line between whether you're at Level 2 or Level 3, but Level 2 is more distinct in that you're still paying down debt, successfully, or you've become debt free and finally starting to save up a cash buffer, but you're not quite ready to invest.


Hint: if you have any personal debt, you're not ready to invest and you're still at Level 2.

Tips to stay on this level and move towards Level 3:

• Now that you're starting to save, don't make the mistake of taking on more debt, no matter how "affordable" it is.
• Stick to what has been working for you and keep moving forward

Remember that your goal should be able to afford the things that you need in cash. Want to buy a car? Save up the cash first. So before you're ready to start investing, you need to have all of your expenses accounted for.

So you've got at bit of a cash buffer put aside for larger bills and expenses and you've got at least $2,000 extra at your disposal? You're ready for Level 3: Investing! 

Feel free to ask any questions. 

Peace.