Thread by @Overwoodng

𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗙𝗿𝗲𝗲𝗱𝗼𝗺 𝗠𝗼𝗱𝗲𝗹.

-An OVERWOOD Thread.
#OVERWOOD

Stage 1
Financially dependent. 

At this stage, your life and everything around you depends on the decisions of someone else. 

#OVERWOOD

Stage 2
Financial novice. 

At this stage, your income does not cover your expenses. So, there's a possibility of incurring debt to match your expenses.

#OVERWOOD

Stage 3
Financially underwater.

This is the stage where debt increases exponentially and then begins to worry you. 

#OVERWOOD

Stage 4
Financially precarious.

Debt is still a factor, however, your expenses have greatly been reduced.

#OVERWOOD

Stage 5
Financially balanced.

At this stage, your debt is fully paid off and you have built a 6-month emergency fund.

#OVERWOOD

Stage 6
Financial progress.

At this stage, your expenses are lower than your income, your emergency fund is fully funded and then you start investing.

#OVERWOOD

Stage 7
Financial freedom.

At this stage, your investment income is able to cover all your expenses and you don't need to work for anybody. 

#OVERWOOD

Stage 7+1
Financial abundance.

At this stage, your investment income is so high that it gives you room to give back to society.

#OVERWOOD

To find out how you can move from one stage to another, click here:👇

blog.overwood.ng/index.php/2020…