The Five Pyramids of Wealth Creation, Do You Know Your Status?

There may be poor and rich people everywhere in the world, but all of us fall into one of the levels in the Pyramid of Wealth Creation, which is divided into five levels. Knowing the Five Pyramids of Wealth Creation and what you need to do to reach the top is more important than what you are currently doing to chase after money.
Let us educate ourselves with in-depth knowledge that will alter the way we think about making money and creating wealth.
The Five Pyramids of Wealth Creation
People in Financial Crisis
People in financial crisis are at the bottom of the Pyramid of Wealth Creation. For such people, nothing seems to work well for them, and their finances are so poor that they cannot tell where the next meal will come from.
Such people often do not have jobs and have to beg others for the little they need to survive daily and in times of need. If they are not begging for some GHS20.00, they are asking for one favour or the other just to survive. Without the generosity of others, they can not even feed themselves.
People with financial instability
Those who are above the financial crisis are financially unstable. While their situation looks better than those below them, they are also very worrying. Such people may have a day job, but their income is not good enough to even get them through the month. As a result, they frequently have to borrow additional cash to meet their basic needs, resulting in them spending up to 30% of their next month’s income before the month ends. Some individuals may even consume as much as 70% of their upcoming month’s income before receiving their paycheck. Simply put, “The money they take home cannot take them home.”. This situation makes their finances very unstable.
People with financial stability
These are the most deceiving people in the world. Their situation is more pathetic than those below them, even though they are in a stable financial situation. They are often called middle-class or lower-upper-class people. They often have decent jobs and good salaries, and their monthly income can take care of them.
Because of their income level, these individuals may have a house or may build their own house. They will often prefer private school education for their wards to private schools since their incomes can cater to this luxury. Sadly, they are the most deceived in the Pyramids of Wealth Creation because they think everything is well with them.
One of the major reasons for their stability is that they have a good source of income. If their source of income fails to generate the needed income to sustain them, they fall deep into big trouble.
Such people can become poor just three months after losing their job or main source of income.
People with financial independence
If your goal is to create wealth and achieve financial freedom, strive to reach at least the financially independent level on the Pyramids of Wealth Creation. This is the starting point for anyone who wants to be safe and secure.
Financially independent people are those who have painstakingly developed, invested in, and owned assets that provide them with income even if they stop working. Their assets can help them generate income.
At this stage, the money flowing from the assets can take care of all their needs and those of others for many years from now. At this level, you earn income from your assets, irrespective of whether you work or do not work. If you are at any of the other levels and can sincerely describe yourself as someone in a financial crisis, financially unstable, or financially stable, you must begin to work towards becoming at least financially independent.
People in Financial Freedom
Financial Freedom is the final and highest level of the Pyramids of Wealth Creation. At this level, you are positioned to make endless income with great potential to increase your value and worth on a minute-by-minute basis, such that you can even decide to take care of as many people as possible without feeling burdened the least.
Anyone with focus and the right attitude and choices can get to financial freedom status, but you have to learn to survive from the early bottom of the pyramid, grow to be a stable income earner and mature into financial stability before reaching financial freedom status.
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To move from the survival level, you must think and act with a significant mindset. To achieve financial freedom, one must think about how to increase his or her income, not how to blow it away. Savings and investments must become part of your daily choices.
No matter your level on the pyramid, you must aim to make an income and think of ways to become a better person who earns more to impact society with your income.
Think of making a difference rather than making money. This means that you must keep an eye out for problems to solve. Create value for those who need it, and once your solution makes a significant impact and solves the problems of people, you will start making money from it.
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Do break away from poverty and low or no income, start thinking about the problems of people or communities, provide useful solutions of value, and sell out the solution to make money.
Source: Wisdom Hammond | Ghanaeducation.org