1. Dependence – you depend on others for support. Either without income or accumulating debt. We all start here as children.
  2. Solvency – you’re earning income to cover expenses and not accumulating debt anymore.
  3. Stability – you are saving some money, repaying debt and have some money set aside for any emergency.
  4. Agency  – all debt cleared and biger savings. It’s the final ‘survival’ stage.
  5. Security – First ‘financial freedom’ stage. You can pay for your basic needs from your capital/property income, not relying on job for income. You don’t need to work if you don’t want to.
  6. Independence – your capital/property income can cover desired lifestyle.
  7. Abundance – your capital/property income exceeds your needs. You’ve got enough and then some.