The Four Levels of Wealth, where am I now.

There are basically four levels of wealth as listed below:

• Level 1: Financial Stability
• Level 2: Financial Security
• Level 3: Financial Freedom
• Level 4: Financial Abundance

Level 1: Financial Stability
How to achieved?

1. You have accumulated enough liquid assets to cover your current expenses for a minimum of six months.
2. In addition, you have life and hospitalization insurance to protect you and/or your family's lifestyle should you be permanently disabled, unable to work or if you pass away suddenly.

Level 2: Financial Security
How to achieved?

1. When you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough passive income to cover your MOST BASIC expenses. In order words, when you reach this level, you can stop working and maintain a very basic lifestyle. It also means that if you continue working, all your active income can ve channeled toweards your investments and this will further compound your assets and increase your income streams.

Level 3: Financial Freedom
How to achieved?

1. When you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough passive income to sustain your CURRENT LIFESTYLE. When you reach this level of Financial Freedom, you can choose to stop working and still maintain your current standard of living... indefinitely!

Level 4: Financial Abundance
How to achieved?

1. When  you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough passive income to sustain your DESIRED LIFESTYLE. The moment you reach the level of Financial Abundance, you will be able to choose to stop working and live your dream lifestyle indefinitely.

So where am I now? Currently my bank account only got less than $100. Haa haa.. Level 0 at the moment. I will achieve what I want but first Level 1 first. Work hard and work smart.