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The 7 Stages of Financial Independence
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As we continue our journey to financial independence, where should we be focusing our attention? A great tool to help with this question is a list of the seven stages of financial independence. (Ben and Deb discovered this through Joshua Sheats’ podcast Radical Personal Finance.)
The 7 Stages
- Financial Dependence
- Financial Solvency
- Financial Stability
- Debt Freedom
- Financial Security
- Financial Independence
- Financial Freedom
- Financial Abundance
In this episode, listen for
- How Ben and Deb began their journey to financial independence by listening to Dave Ramsey while driving truck.
- What each of the seven stages means.
- How to discern what stage of financial independence you are in and actions you can take to reach the next stage.
By learning what it means to be in each stage of financial independence we can look at our own situation to assess where we are and what we’d like to strive for as short-term and long-term goals on our road to financial independence.
Must-listen Moments:
[01:07] Driving Truck and learning about FI with Ben and Deb
[04:24] Introduction to the 7 stages.
[31:05] Recap of all seven stages of financial independence.
Read all the show notes, get the resources discussed, and follow our FI Entrepreneurship journey at https://bonafidefinance.com/
Follow Links:
Bona Fide Finance: https://bonafidefinance.com/
Student Loan Tax Experts: https://studentloantaxexperts.com
Radical Personal Finance Podcast: https://www.radicalpersonalfinance.com/
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