This episode introduces the the Four Levels of Financial Independence
Level 1: Foundation / Starting Line
- Focus: Getting out of debt and building a flexibility fund (3–6 months of expenses).
Level 2: Building Passive Income and Wealth
- Focus: Actively building assets and generating streams of passive income.
Level 3: Passive Income Exceeds Expenses (Financial Independence Achieved)
- Focus: Passive income (or safe withdrawal rate from assets) is greater than your living expenses.
Level 4: Abundant Financial Flexibility (“FU Money”)
- Focus: Passive income or asset withdrawal is a multiple of your expenses, providing significant financial freedom.
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18 分