Workshopping the Phases of Independence, a roadmap to help give language to young people on their journey to complete independence from their parents. Phase 1: You do not have a job and are completely dependent. You can use this time to begin educating youself on personal finance and forming your plans.Phase 2: You have a job or side hustle (earned income) and can begin using a budget and plan for your money. You give a percentage and pay for at least one of your bills.Phase 3: Same as phase 2, except you are now responsible for an entire area of bills, or use your own money for day to day needs like gas, groceries, and entertainment.Phase 4: You are earning enough income that you could be living on your own or with roommates without assistance, covering 100% of your expenses, but by mutual agreement you are still accepting help while you save for Launch Goals.Phase 5: You are living completely independently from your family, actually covering 100% of your expenses and have moved out of your parent's home.

Ver todos los episodios