When managing our finances, Level 2 is the lowest level we should all want to be at. A person at this level has no debts, is spending less than they earn has a grip on how to implement The Level 1 Plan and is able to live the most affordable lifestyle they can get with what they earn.
This is the simplest principle we should all be living by if we want to have good money management and financial health. It seems like it should be enough but it’s not. Continue reading