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An Ultimate Guide to Retirement Planning

Long-term financial goals can sometimes seem so big that they feel almost unreachable, especially when we just start the way to financial independence. Many who belong to the 'Financially Independent, Retired Early' community have found it helpful to break down the goal of becoming financially independent into smaller and more manageable levels of financial independence. Retirement or financial planning is useful in many ways.

This makes it easier for us to track our progress, which in turn helps us to stay motivated during the process, but also because it helps us get over that initial hurdle of starting to chip away at this mountain of a task. It is time to seek professional help in order to make your financial plans successful. You can click here & book a pension meeting with experts to get advice and available options.


Basically, there are 10 levels of financial independence that we will discuss with this article. 

  • Financial dependence
  • Financial solvency.
  • Financial stability
  • Debt freedom
  • Coastal FI.
  • Financial security
  • Financial flexibility
  • Financial independence.
  • Financial freedom
  • Financial abundance

Financial Dependency


This is when your debt payments and other living expenses are greater than your income. Here you are in one way or another dependent on someone or something else to help you pay for your bills or if you happen to be a kid and don't actually have any bills. You need someone else, usually your parents, to pay to put food on the table and keep the lights on and have a roof over your head.

Financial Independence

For the vast majority of the time you will be able to maintain your current lifestyle in retirement and as a result, can be considered financially independent. There is still a couple of levels one might try to consider even if one may not try to achieve them.