(Post 2/Week 1)Vicky hierarchy of financial freedom

I came across this concept at Facebook not very long ago and was quite intrigued about it.

Presenting Vicky hierarchy of financial freedom!

So what is it all about?

Basically, most people would be at the bottom of the pyramid, the financially secure and financially f***ed(I don't really condone bad language, this is just a one-off thing to emphasize it, so I apologize beforehand)

And of course, that includes me!

With just a few months left in the army, I have accumulated about 10k from army pay(which is something that I am proud of...)

However, I do have liabilities aka debt(trying to learn some hard financial term currently)also

Here are some liabilities on the debt list...

1.Phone bill
2.Education loan
3.Daily expenses

I am pretty grateful to my parent that this is all I have to pay for my liabilities(for now, that is),

But liabilities are due to increase in the future, be it for study loan or household expenses, hence I believe we should seize the initiative to manage our finances better.

If not now, then when?

Discussion are welcome, do share your opinion with me:)

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First post!!

Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :)

The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?)

I started this blog as I am inspired by the many financial blogs in Singapore, I am grateful for the interesting insights and tip that those blogs have given me

Just a little bit about myself

-have about 10k to invest from saving during NS days(or currently in investment)
-love to try out different way to make money
-will try to update the blog once a week

This blog will be slightly different from all the financial blog that you have read so far not only I will be talking about investment, I will also be talking about the other way to earn passive income with zero dollars (yes you heard me, zero dollars!)

I am still on the journey to attain financial freedom, are you also in the journey to attain financial freedom?

If so do join me in this journey! :)

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