Part 2/9:
Financial Struggle
Solvency
Stability
Security
Independence
Freedom
Abundance & Legacy
Each stage represents not only a financial status but also a shift in your approach to money and life itself.
Level 1: Financial Struggle
At the base of the ladder lies Financial Struggle, where money feels like a constant emergency. Net worth is typically negative or near zero, and savings are non-existent. Individuals in this stage often lack a stable income source, relying on credit cards just to get by. The primary goal here is to stabilize cash flow and create a small emergency fund—a mere $500 can make a significant difference.