Updated Sep 2017: A lot of friends and family like this stage of wealth to let them know whether they are improving their wealth progressively. However, the problem for them is that after they achieved Debt Freedom, there is a chasm between Debt Freedom and the next higher rung, Financial Security. In this update, I provide 3 more stages that you can aim for in your progression to financial freedom. Updated Aug 2018: I have not updated any stages, but I have shared my thoughts on some stages that might fit for you, but not for everyone. Theses are Freedom from Employer, Flexible Financial Independence, Half Financial Independence. Updated Oct 2020: I gave a talk a day ago and decided to update the article on thoughts on some of the stages. This morning, my colleague and myself conducted an internal webinar open to the children of clients. We...
