First Level Wealth - Financial Stability
The first level wealth is known as financial stability.
Financial stability is achieve when he have to accumulate enough liquid assets to cover your current expenses for a minimum of six months.
You should have also bought life and hospitalisation insurance to protect you and your family lifestyle should you be permanently disabled or passed away suddenly.
Spend at least 5 minutes to compute your current level of wealth to find out how long you can sustain your current lifestyle without working.
This is calculated by taking your total liquid assets divided by your monthly expenses less your current passive income.
By Mike Wang
No comments:
Post a Comment