Understanding the Five Levels of Wealth

The wealth building journey is structured around five key levels: stability, strategy, security, financial freedom, and abundance. The first level, stability, is characterized by the ability to pay bills without stress, emphasizing living on less than one earns. Individuals at this stage learn the importance of deferred gratification and discipline, essential traits for building wealth. As they progress to the strategy level, they shift from mere financial survival to planning and implementing effective money management practices.