Four Steps of Financial Independence

money_bagTrent Hamm posted a short article on The Simple Dollar blog about the Four Stages of Financial Independence.

Trent defines the four stages as:

  1. Freedom from the paycheck to paycheck cycle.
  1. Freedom from debt.
  1. Freedom from your job.
  1. Freedom from employment.

He discusses the benefits of each stage and how he accomplished them. This is well worth the read. He has shown that most people can attain financial independence with enough effort.

What do you think?

Read the post here.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.