The Three Stages of Wealth: Debt, Saving, Investing: Financial Freedom, #199
By Joshua King
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About this ebook
Becoming wealthy isn't about accumulating enough money to secure our freedom. It's a journey we must travel through the three stages of wealth.
Debt is the first stage where most of us start our journey. Our goal is to control our urge to spend by budgeting and finding happiness outside of money.
Saving is the next stage. Here, we focus on protecting what we built through growing an emergency fund and a large savings account.
Investing is the last stage. During this phase, we can protect ourselves and our families from financial ruin and also minimize the debt phase for our kids.
Together, we will learn to spend less, live in the moment, and enjoy the small things in life. That is why we should seek wealth.
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The Three Stages of Wealth - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
The Three Stages of Wealth
All Right Reserved Military Family Investing | 01 The Three Stages of Wealth: Debt, Saving, Investing
02 Time is Money #1: Debt
03 Time is Money #2: Saving
04 Time is Money #3: Investing
05 Debt-Free Society: Beat Credit Card Debt
06 How Much Do You Need in an Emergency Fund?
07 Know Yourself, Know Your Money
08 What Is Your Risk Tolerance?
09 Earning $1,100/Month in Dividends
10 The American Dream Costs $5 Million
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MILITARY FAMILY INVESTING
Joshua King
Home of the Free PDF
www.militaryfamilyinvesting.com
The Three Stages of Wealth
Debt, Saving, Investing
01 The Three Stages of Wealth: Debt, Saving, Investing
02 Time is Money #1: Debt
03 Time is Money #2: Saving
04 Time is Money #3: Investing
05 Debt-Free Society: Beat Credit Card Debt
06 How Much Do You Need in an Emergency Fund?
07 Know Yourself, Know Your Money
08 What Is Your Risk Tolerance?
09 Earning $1,100/Month in Dividends
10 The American Dream Costs $5 Million
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
All Right Reserved Military Family Investing
01 The Three Stages of Wealth: Debt, Saving, Investing
There has never been a better time to understand money because it isn’t what you imagine. Most of us spend our lives dreaming of having more money, but we should focus on adding more value.
As you better understand the value system, you’ll determine how money orients itself depending on the end user.
There are three phases of time: past, present, and future. These three stages coincide with the three stages of wealth: debt, savings, and investing.
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By focusing on progressing through these stages of wealth, we can ensure our freedom and that of our children. However, it’s not going to be an easy journey.
The first stage of wealth is Past/Debt. We begin our journey to wealth by being in debt. We owe others even if we are not physically in credit card or student loan debt.
You see, the American dream costs over $7 million. Therefore, it’s only a matter of time before you have to pay someone to live your dream.
Don’t worry; the American economy feeds on your desire for more. The more you want, the deeper you dig yourself into debt.
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Debt is the negative effect of compound interest working against you. I got myself into $77,000 worth of debt just by simply living an everyday family life.
The worst part about being in debt is that you can’t add value. You have too much stress to focus on others, such as family, friends, and community members.
If you find yourself in debt, read the book "I Will Teach You to Be Rich" by Ramti Sethi. Getting out of debt is more