6 Stages to Financial Freedom, Where Have You Been?

1. SOLVENCY
   You already have a financial commitment at this stage, which means you no longer depend on other people to meet your financial needs.Usually you already have your own income that is balanced or more than your expenses.
   Maybe you still have a debt obligation that must be paid, but that doesn't make your finances shake, you are still able to meet the payment.

2. STABILITY
   At this stage, you also have an emergency fund, so when an incident occurs suddenly that requires you to spend money, it will not burden your finances.
   Usually when you have reached this financial free stage, there are no more consumptive debts that must be paid and you only focus on paying off productive debt such as education loans or mortgages.
   At this stage you have also started funding, because you realize that saving alone is not enough to deal with future inflation.

3. AGENCY/DEBT FREEDOM
   At this stage, you are halfway to achieving financial freedom. All debts have been paid off and you even have enough reserve funds.
   For you, money is no longer a means of survival but is able to make you more developed in life.In fact, this stage is able to allow you to live the way you want.
   Want to quit your job for a bit and then take a vacation touring Europe for a few months? No need to worry, because you have enough savings to support yourself that long.

4. SECURITY
   At this stage the thing that stands out the most is the value of your investment. If you consistently set aside money for short, medium or long term investments between stages 2 and 4, at this stage you can enjoy the rewards.
   You already feel secure, because the income from your investment or savings can meet big needs such as rent, food, daily necessities and also transportation.However, to stop working at this stage still has to be thought carefully.
   Here you may already have sufficient funds from investment to meet the needs of your daily life, but it cannot cover your other needs or desires.
   Therefore, you still need income from your work.

5.INDEPENDENCE
The opposite of stage 0, here you are completely financially independent.
You continue to get income from the funds you invest, so that you finally get those returns to fulfill your lifestyle.
That means, the return on your investment can finance not only big needs but also other things you want.
At this stage, it's time for you to have no problem even though you have to stop working and go traveling to various countries without having to worry about expenses.
You already have comfort in life. You are no longer working for money, but money is working for you.

1. ABUNDANCE
   Even though in the previous stage you really felt financial freedom, that doesn't mean you stop there.
   At this last stage, you have passive income that is more than enough to meet your daily needs, your lifestyle and even have leftovers for other things.Here your passive income can give you the freedom to do anything.
   You can do life in luxury, do business to travel the world.But it must be remembered that the journey to achieve financial freedom is not easy and you have to go through a lot of effort.
   So don't be discouraged and continue to be consistent in carrying out the steps above, yes.