字幕列表 影片播放 列印英文字幕 Hey hey guys it's Joseph and Tasha with one big happy today we're going to talk about the seven stages of financial independence and how to go from living with your parents in their basement to owning your own house in the Hamptons and never having to work another day in your life if you don't want to we first heard about these seven stages of financial independence while listening to a podcast by Paula Pant from Afford Anything we'll drop a link in the description box to her podcast and if you guys aren't listening to it you totally should and it was an episode where she had Joshua Sheets who has a podcast and a website of his own Radical Personal Finance and he was talking about these seven stages and it just made perfect sense to us so we wanted to make sure we shared them with you guys and these are really important because it's very difficult to kind of see the bigger picture from starting wherever you are to really getting to that ultimate goal of being independent and having the things that that you want and that are important to you and so this breaks it up gives you these intermediary goals to see where you're going and how are you doing now yeah alright so let's look at the first stage stage 0 financial dependence that is where we all start out usually and with living with our parents as a kid you have no wealth of your own I would say you that's 99.9% for everybody unless you just started with the trust fund and you're kind of different yeah so I was in this stage up until I was 18 years old then I joined the military and I became totally financially independent at that point so I stopped I left that thinking I was 18 I stayed dependent longer because it's nice it can be nice yeah There are pros and cons right. But I had help during undergrad and my parents bought me a car when I graduated high school that it's still going my brother has it now and and so I stayed on until I graduated and I kind of transitioned during college I got a job I was making about the same as what Tasha was making the military which is sad our military so underpaid but but that's an extra four years for me Stage one is financial solvency this is where you are supporting yourself now for me I started doing that right after I graduated from college then I'm moving on the law school and my parents said yeah this is this is it you're done first degree we help and then you're good like I said for me that started when I was 18 because I moved out of my parents house went off to the Marine Corps hundreds of miles away and that was it I was completely supporting myself my parents weren't sending me money I wasn't on their insurance anything like that for a lot of people I feel like this is the kind of sink or swim moment because they don't always have I think we all could have better financial guidance when we were younger and so you just kind of have to hit the water and try to survive hopefully you have have some basic knowledge of how things work yeah I had no idea my parents didn't teach me like anything when it came to finances not how to open a bank account not how to write a check like absolutely nothing so yeah it was a big a big change for me it's probably always a big change okay Stage two is financial stability this is where you move from just basically being able to keep a roof over your head to starting to actually be responsible with your money so you start having a budget at this point really starting to figure out how everything works how you want to live your life and manage your money hopefully and this is also where you finally start saving some money and and that's why it's the the point where you start being responsible with your money because you're not just spending all of it you're saving some of it for a rainy day Stage three is debt freedom so this isn't from all debt but toxic debt so if you during your sink or swim moment got some credit card debt which most of us do with high interest rates yeah that's all too all too often this is where you get rid of that you you get on a path and pay off the bad debt and so like for us so it might not be all debt we might still have mortgage we might have some low interest debt that will take longer but any of that high stuff credit cards get that taken care of stage four is financial security this is where your investment income any passive income a pension Social Security is going to cover your bare bones expenses so that's your house your food healthcare any immediate costs and little miscellaneous things but not bigger things like travel or purchasing a brand-new car just the bare minimum so and you can consider it financial security because basically as you can support yourself indefinitely on a bare-bones budget so you're you're really financially stable you're able to weather a lot of financial changes and a good rule of thumb for financial stability is you need about a million dollars for every $40,000 worth of living expenses so that's withdrawing at what's considered the safe withdrawal rate which is four percent four percent so that's forty thousand Stage five is financial independence you've hit this stage when you have enough passive income to cover your bare bones living expenses actually your current lifestyle the lifestyle that you want to keep so your bare bones living expenses plus that nice little cushion to do the fun stuff right so I would say that that this for most people is going to be substantially higher than financial security so if you've seen our budget we spend about sixty seven thousand dollars a year excluding childcare and if you add in another ten thousand dollars for travel because that would be our ideal lifestyle then we're looking at around eighty thousand dollars a year so we need to save up two million dollars to reach this stage but of course your numbers will be different right especially if you live in cheaper areas very cheap areas and that's actually including keeping our current house so if we move to a less expensive area and had a much lower mortgage then we wouldn't need nearly as much money which is definitely what we would do or we travel more ooh travel more yes and speaking of travel more stay tuned for our Singapore travel series it is about to start we're gonna be doing weekly videos talking about the the preparations that we're making and just kind of showcasing some of the different hotels we considered and all that fun stuff oh we're going over to it yeah all the things that we considered yeah it was a lot traveling with the family especially with a small child lots of stuff stay tuned stage six is financial freedom this is where you have enough money from all those sources that we talked about and probably working at this point to nail those big dreams so the only way to get to this stage after going through financial security and then financial independence is now you're probably gonna have to keep working yeah you have to that's the only way to keep advancing up the financial independence ladder through these seven stages because if you just stop at financial stability well your wealth is gonna is not going to increase if you stop working if you don't have any income income extra income coming in stage seven the final stage is financial abundance and that's where you have more money than you can spend within reason cause I think it's really possible to spend all your money no matter how much money you have that's true don't be buying islands but this is the the point in your life where you're able to I would say I consider it to be being able to pass on substantial wealth to your to your dependents to donate to meaningful substantial sums to meaningful causes basically you'll have a substantial estate that outlives you and can continue to work towards the goals that you had after you're gone this is something that were but really looking forward to I think so now you don't really get to see all of the fun because there's a point where well your estate will continue and you won't but you can start by giving those donations and I think yeah we definitely like I want to be able to donate a substantial sum to Yale because without their generous financial aid and loan repayment programs I definitely would not have been able to go to that law school so I think it's important for me to give back too and I'll be doing similar things with different causes and in my schools as well just amassing generational wealth I mean it's just a wonderful goal to have everybody should be able to do that it is not something that should be reserved for people that are already mega-wealthy we should all be able to strive for this and have it be an achievable goal and reasonable so those are the stages um we're gonna be talking a lot more about how you move from one to the other but I think it's really important to notice that they kind of overlap so right now we are in the working towards completing the debt freedom stage we'll be in it for a while but we're also working towards the financial stability stage and we might actually hit both of those right around the same time so you know it's not necessarily that it's just you can only focus on one and then the other then the other but it's like a progression as you move through your life so we hope that you've enjoyed this and can focus on those steps in your own life and all join us in financial abundance years and years from now alright guys bye see you next time
A2 初級 美國腔 實現財務自由的7個簡單步驟 (7 Simple Steps to Financial Freedom) 46 6 Hhart Budha 發佈於 2021 年 01 月 14 日 更多分享 分享 收藏 回報 影片單字