WEALTH AND YOU

How to define…

GENERAL PERCEPTION ON WEALTH AND WHICH

IS NOT TRUE..

General perception on wealth is how much we

earn monthly, luxury consuming of brands,

house we live and the way we live.

THE TRUTH DEFINE OF WEALTH

It is actually how long we can sustain our

lifestyle if we stop working. The longer we go on

without working, the richer you actually are.

THE 4 LEVEL OF WEALTH

In order to achieve a more comfortable live,

there are basically 4 levels of wealth that you

need to attain:

i) Level 1- Financial Stability

ii) Level 2- Financial Security

iii) Level 3- Financial Freedom

iv) Level 4- Financial Abundance

FINANCIAL STABILITY (FS)

You have achieved it when:

i) Sufficient liquid assets to cover current expenses for a minimum of 6 months.

ii) Life and hospitalization insurance to cover you & family in case you are sick or death.

When you had attained this level, you will have peace of mind if unexpected challenges happened.

This is the TIME where you can quit your job and start on you own.

FINANCIAL SECURITY (FSE)

You have achieved it when:

i) You had invested TIME, MONEY & IDEAS resulting a Positive Cash Flow Assets until:

“ Passive income able to cover MOST BASIC expenses.” which means:

ii) The more you work, the income will be channeled towards investments, assets and increase income streams.

Example of basic expenses: Mortgage or Food

FINANCIAL FREEDOM (FF)

You have achieved it when:

i) Your investment of time, money & ideas brings

you Positive Cash Flow Assets which brings you

enough passive income to sustain your CURRENT

LIFESTYLE.

At this level, you can choose to stop working but

still maintain your standard current living.

However, the more expenses you have now, it take

you longer time to achieve financial freedom.

FINANCIAL ABUNDANCE (FA)

You have achieved it when:

i. Sufficient income to sustain your DESIRED LIFESTYLE.

“The more luxurious, the longer for you to achieve FA.”

Most of the people at this level, they works for passion and channeling most of the income to charity.

Where are you now?

END OF PRESENTATION

The slide is solely for info blogging purpose, no re-printing without permission and it is a intellectual property of:

CW Management and Consultancy Services www.cwca.com.my

The writer can be contacted through:

info@cwca.com.my

or Whatapps:

016-4225602