Four Stages of Financial Freedom
1. First, work and save, avoid debt
2. Control desires, reduce spending. Accumulate your first pot of gold
3. After having a certain amount of funds, divide it into four parts
- 1️⃣ Invest in yourself
- 2️⃣ Invest in business: Start a lean asset business, act on your ideas, doing what you love makes it easier to succeed
- 3️⃣ Invest money/compound interest
- 4️⃣ Emergency fund
4. Financial freedom
Passive income > Household expenses