Financial Independence

This is the first of a series of articles that provide step by step instructions on progressing towards financial independence. We'll use a unique and accurate way to quantify our financial health status, and based on that come up with concrete steps to improve and enhance it.

In Step 1 we looked at the different zones of financial health status and how to accurately evaluate which zone we are in, financially. In this article, we'll look at ways to progress out of the red zone towards true financial independence.

In Step 2 we looked at ways to kick-start the journey to get out of the red zone. We saw that reducing our expenses and increasing our savings are good starting points. Let's continue the steps that help us the most in getting to the blue zone.

In Step 3 we looked at a few ways to get to the blue zone. If we've been following and implementing the steps mentioned so far, it's time to congratulate ourselves — we're officially in the blue zone! In this article we continue on from there to explore ways to achieve more financial independence on our path towards the green zone.

In Step 4 we learnt about the different kinds of investments, their characteristics, and how these could help us create secondary income sources. In this step, we'll learn how to apply what we learnt and create investments to propel us towards the green zone.

We learned about the different milestones during our journey towards financial independence. In this article, we'll summarize what we learned.