When it comes to financial success, common people like you and I, who were not born into wealth and didn’t marry a wealthy partner, experience 4 stages of financial fitness.
In this article I want to share these 4 stages with you, so that you get clarity about your current financial fitness and the one you’re aspired to achieve.
💰4 Stages of Financial Fitness Spiral
1️⃣ “Not Enough”: This is the stage when I < E (Income is less than Expenses)
Typical characteristics of this stage:
• People spend more on their lifestyle than they earn, whether they have a job or a business, and whether they are high-income earners or low-income earners
• Have high-interest consumer debt is often used to make ends meet
• There are No Savings• People need to work for their money
• People spend everything that they earn to cover their lifestyle
• High- and Low-interest Debt is often used to maintain a desired lifestyle
• There are usually No Savings
• People need to work for their money
3️⃣ “More than Enough”: This is the stage when I > E (Income is more than Expenses)
Typical characteristics of this stage:
• People spend less on their lifestyle that they earn
• Low-interest Debt is occasionally used to maintain the desired lifestyle
• There are often multiple sources of income established (active and passive)
• There are usually Savings and Investments
• Philanthropy is fairly common• People need to work for their money
4️⃣ “Financial Independence/Freedom/Affluence”:‼This is the stage when I > E (Income is more than Expenses)
Typical characteristics of this stage:
• People spend less on their lifestyle than they earn
• There is No High-interest Debt or Low-interest Debt; credit cards are paid off monthly
• There are multiple sources of passive income established
• There are significant amounts of Savings and Investments
• Philanthropy becomes part of lifestyle
• People don’t need to work for their money
What stage of Financial Fitness do you think you are at? (no need to share it in the comments unless you want to.😂)
By the way, it’s not uncommon to see “Financial Fitness Spiral” jumpers – people who jump as oppose to evolve from one stage of financial fitness to another.
Yes, people can ‘jump’ in both directions of financial fitness range – from lower financial fitness stages to higher and back!
🛑💰Yes, it’s not always the upward spiral; the regression back to the lower financial fitness level is not uncommon.
Also, if you’re one of those people who are tired of living with constant stress caused by money worries and are aspired to upgrade your level of financial fitness, I want to GIFT you my new powerful Masterclass – 🎯💰From Worrying To Winning the Money Game.
Not only you’ll uncover potential problems that might be causing your money problems, but you’ll also discover how to fix them and how to develop winning money strategies, not just another failed budget!
✅BTW, your journey to financial freedom starts with absolute CLARITY about your current financial situation, which requires fearless and honest look at EVERYTHING, whether it’s scary, boring, embarrassing, or simply unpleasant.😉
So, acknowledging your current level of financial fitness is important.However, it’s just the first step.
✅The next best step would be strategically map your money flow based on the level of financial fitness you’re aspired to achieve next.
✅And when you join my upcoming 🎯💰FROM WORRYING TO WINNING the Money Game Masterclass, you’ll also discover the Money Mapping protocol that I share only with my clients!
P.S. 🔥Put “ME” in the comment if you still don’t know how to reserve your spot for this NO COST TO YOU Masterclass!😉🔥
