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Wealth level fortune telling _ Is wealth level fortune telling accurate?
The four ranks of the wealth class are calculated by formulas. To calculate the level of wealth, you must know your income and liabilities.
Grade 1: Economic stability.
Economic stability needs to meet the following two conditions.
If you reach this level, you will have a relatively peaceful mind, and you don't want big challenges in your life, or unemployment, business failure, illness, etc. Once it appears, you or your family's life will not be guaranteed. But at this level, we also have enough time to find more sources of income, and we can also make some investments. When you reach this level, then you need to move on to the second level.
Grade 2: Economic security
Being at this level is equivalent to a lower level of financial freedom. If you stop working, then the assets you have can make you live, but the living standard is worse than the existing living standard, which is the most basic life. At this stage, there are basically many expenses, such as mortgage, transportation expenses and loan interest. In normal times, we should pay attention to the restrictions on expenditure.
The third level: freedom of wealth
This stage is the real freedom of wealth. If you stop working, you can maintain your existing life and survive all the time, without economic pressure and troubles. At this stage, you work out of passion and like this industry.
Grade 4: Rich in wealth.
Abundance of wealth means that you have more positive assets than negative assets, that is, you can maintain the life you want only by passive income. You don't need to do any work at all, and you can live well on passive income, but people who often reach this stage are still happy to work because they like what they do, which is consistent with the nine habits mentioned above.
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