Shopping Cart
Your Cart is Empty
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Pitt County Family Development Corporation. Inc.

Freeman Consulting Group

Pitt County Family Development


HBCU College Fair

Posted on November 13, 2022 at 7:25 PM Comments comments (53)

The HBCU Fair is an excellcent opportunity for students to talk with college recruiters and receive information that will help them to decide their career path.  

September Newsletter

Posted on August 15, 2022 at 3:30 PM Comments comments (33)

Bullying Workshop

Posted on July 15, 2022 at 2:40 PM Comments comments (2)

I did a workshop at Create Me 336 in Greensboro on bullying prevent. It was a great learning experience for the Campers.

Say Yes to Covid Research

Posted on May 19, 2022 at 3:05 PM Comments comments (0)

Nutrition Awareness Month

Posted on March 3, 2022 at 8:50 PM Comments comments (1)

Women History Month

Posted on March 1, 2022 at 10:10 PM Comments comments (21)

Financial Independence

Posted on January 25, 2022 at 9:40 AM Comments comments (0)

Five Stages to Financial Independence

Financial independence can be subjective. The term has a different significance for different people. For some, it could imply having a high salary. For others, it could mean being able to cover their routine expenses. Commonly, it refers to a situation where you have enough money to support your everyday needs and entertain your wants while having sufficient funds stored for future emergencies. Financial independence is the ultimate goal of many. But the notion is more of a process than a target to achieve.

Here are the five stages of financial independence to help you analyze where you stand and what you need to move on to the next stage:

Stage 1 – Financial Dependence

The starting point of every financial journey is the ground zero stage. This is defined by monetary dependence on others. This phase is the most undesired phase of them all. You can be dependent on your parents, spouse, or children, and be unable to earn money and provide for yourself.

But this is normally the beginning of the journey, and the success lies in how swiftly you navigate through this stage on to the next one. To ensure a smooth transition, you must find an adequately paying job, curb expenses, save more, and pay off your debts. You also need to create a budget and shorten all unnecessary costs to be able to reduce the burden.

Stage 2 – Financial Solvency

The most fundamental phase while moving towards financial freedom is solvency. Economic solvency is the first step towards survival and is categorized by a condition where you are fully equipped to fund your needs. There is no dependence on an external source and all financial commitments such as bills, household expenses, etc. can be easily covered from your current income.

Most people are in this stage during their younger years. But in some cases, a person might be stuck here for life. You need to be motivated and create an environment conducive to growth. Meticulously saving and budgeting can be a good practice to follow.

Stage 3 – Financial Stability

This phase brings a sense of balance to life in terms of money. This stage is the most stable or secure one, where you have sufficient funds for your current needs, as well as for emergencies. This period involves repaying all debts, establishing a contingency fund, while continuing to earn profits. You have the monetary strength to meet your financial obligations while keeping your expenses down and savings on the rise. This is also known as the breathing stage, where you are more rooted than the previous two phases.

A fundamental point to note here is that the stability achieved during this time is often backed by an emergency fund. Having a backup fund of at least 6-8 months of necessary expenditure can help you stay afloat in tough circumstances. However, for people nearing retirement, a contingency fund should be able to sustain almost one year of expenses without an income. An expense fund for 6 months can be enough to sustain expenses when you are young but not for the later years.

Stage 4 – Financial Security

This is the most desirable mid-stage. In this chapter, you have stable expenses with reliable savings and are moving forward towards being entirely debt-free. You pay off all your major obligations one-by-one and start adding more to your savings account. You are free-willed in terms of work and have sufficient funds to survive and indulge. This is also a time to tactfully invest your money for further growth. This is the evolution of surviving to thriving, towards a better, more comfortable and secure life.

In this phase, financial security can be achieved by ensuring that you save enough to direct some funds to short, mid, and long-term investments. The income from these investments can act as an additional source of income and be used to secure the future.

Stage 5 – Financial Independence

This is the ultimate place where most people aspire to be. The stage of financial independence is a successor of the previous security chapter. In the earlier phases, you have built a considerable savings bank along with a continuous flow of income. To add to this, there are strong investments, continually adding up more and more funds to your aid.

Financial independence is described as an aesthetically mature period, with a solid monetary base, extensive control over expenses, and indulges in luxuries or hobbies. There is enough money for your long-term needs and current lifestyle and expenses. That said, the measurement of financial independence varies from one person to another. A particular figure cannot be set as a benchmark.

Financial Abundance

The final and most exemplary state that a person can reach is financial abundance. In this financial state, you have more than enough to fund your current needs There is sufficient investment income, a stable source of earnings, and worthwhile assets such as real estate, secondary business ventures, and more. You have a sound financial standing and can also leave behind a legacy for your spouse and future generations. Moreover, you can be involved in activities for social causes such as donations, charitable events, etc. The only way to achieve financial abundance is to follow the continuum with all your might. However, utmost caution and extreme prudence are required in this period for life-long perseverance.

To Sum it Up

Achieving financial independence may seem like a pipe dream, but it can be a reality if you navigate through the process bit-by-bit. As you move ahead in these levels, you will experience reduced financial anxiety. These stages will also help you strive towards a more secure and settled life. The earlier you set your foot on the right track, the sooner you can achieve the desired goal.



January Newsletter 2022

Posted on December 28, 2021 at 4:40 PM Comments comments (6)

Anti-Bullying Video

Posted on October 30, 2021 at 12:20 AM Comments comments (0)


The end of the month for our Anti-Bullying campaign.  This video was shown in each classroom. The video emphasized being A Buddy and not a Bully.