Level 1 (Cash Only)
In this level, carrying cash is the only option. You have no debt or credit, and don’t owe anyone anything. Your spending is limited to what’s in your pocket. This can be considered as the purest form of financial independence.
Two types of people in this category -
- those who live far below their means and have nothing to their name
- those who are homeless and don't have any assets.
Although unhoused people have more wealth than those in high levels of debt, cash only living limits your options.
You can’t build credit, expand or take on may risks, but you’re also protected from debt.
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Content Curator | Absurdist | Amateur Gamer | Failed musician | Successful pessimist | Pianist |
Just like income, debt has levels, and each level changes how you live, what you can do, and how much freedom you really have.
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