Understanding Five Stages in the Pyramid of Wealth
Hello friends! Everyone want to be wealthy, everyone wants to acquired more wealth to his or her Treasury, today I'm going to show the dynamic five pyramid of wealth, this shows different classes and their financial status, aspirations and desires. The essence of this write is to help you know the state of your wealth, and how to explore more if you are not satisfied with it. But is life all about making wealth? That's why the understanding of five pyramid of wealth because imperative, stay tune and explore more.
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The five pyramid of wealth is an emblematic of five set of individuals in financial or wealth accumulations, each of these stage represent people with certain amount of wealth, their reactions, desire and aspirations towards wealth. The amount of wealth is measured in the weight of your impact, life started with survival to significant and finally successful. Meanwhile, it took only those with high level or with a significant mindset or desire to overcome survival level before propelled to becoming successful.
Here are the five stages in the pyramid of wealth
Financial Crisis: The very in the pyramid of wealth is financial crisis and those who occupies this stage of wealth often faced with so uncertainty, disappointment and everything seems not working for these set of people. Meanwhile, financial crisis is a situation whereby there is a sudden/serious financial disruption. This is characterized by unemployed set of people with high level of dependency, they often begged or sunk in indebtedness.
Financial Instability: Financial instability differs from financial crisis in the sense that people in this second stage of pyramid of wealth are not unemployed set, they are working class but their salaries are insufficient to cater for their needs, it's often characterized by lower class people whose sole depends on their salaries and they borrow to settle their debt even before they gotten their salaries so that the arrival of this, debts has already taken it all. Indeed, these set of people are actually making money but unfortunately, the money can't take care of them neither enough without borrowings. It can also be said that their take home money can't take them home which makes them unstable.
Financial stability: Here's the third stage or set of people in the Pyramid of Wealth, those in this class are the middle class and upper class who earn good amount of salary, houses, cars and so on which are able and enough to take care of themselves, family and whatever they want. But sadly, these are faced with serious issue which can only be solved with their job security that's, if they lose their job or got sacked, the got back to finance crisis at square one. The source of those in financial stability is base of the source of the monthly income and once that is stopped, everything ends.
Financial Independence: At this stage of wealth, this is characterized by accumulation of more assets not money or salary, they rewards from these assets are capable of taking care of lifetime needs, wants or challenges. This is where the actual wealth is coming from, whether working or not, money keeps coming from these rich assets.
Financial Freedom: The last stage in the pyramid of wealth is financial freedom whereby money or wealth is no longer the talk or issue of the day. At this stage, your wealth is not all about you but how to create impact on other people and the society, you're thinking about how to affect lives. Remember, life is all about impact, which is being significant.
Money only comes by solving a problem but wealth comes by accumulation of assets and money is only a tool for the fulfilment of purpose, when gotten to the climax of wealth, what will you do with it? Still accumulate more or affect lives?
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