Prologue

Stop believing wealth management is only for peoples with big pay cheque, indeed is for every one of us regardless you are house wives, students, salesmen, teachers and etc. In fact this knowledge should be included in school curriculum as one of the subject. Recently I read a book about wealth creation, let me briefly share with you one of the concept of that I believe are flag posts for people out there who care about to craft their financial journey.

Here come the 4 level of wealth :
Level 1 : Financial Stability
- You have liquid assets to cover your current expense for at least 6 months
- You are protected from disability, losing job, death by insurance
Level 2 : Financial Security
- You have critical amount of Positive Cash Flow Assets that generate enough passive income to cover basic expense
Level 3: Financial Freedom
- You have critical amount of Positive Cash Flow Assets that generate enough passive income to sustain current life style
Level 4: Financial Abundance
- You have critical amount of Positive Cash Flow Assets that generate enough passive income to sustain your desired life style

So which level are you now in?I would challenge you you find out your actual net worth(total assets minus total liabilities).After all, which level you would like to achieve?