215. The 5 Levels of Financial Wealth

What does true financial freedom actually look like? In this episode (215) of the Ben and Bergs Podcast, we explore the 5 levels of financial wealth—based on Sahil Bloom’s "Five Types of Wealth"—and show you how to move up the ladder, step by step.

Ben and Bergs reflect on their own journeys: from sleeping on couches to building high-growth companies, managing crypto portfolios, and designing lives with freedom and flexibility.

Key Takeaways:

- Level 1-2: Cover your basics and start experiencing modest pleasures—this is where most people stay.

- Level 3: Start investing and compounding—this is where real wealth creation begins.

- Level 4: Passive income starts replacing earned income—work becomes optional.

- Level 5: Escape velocity, your investments pay for your lifestyle in full.

- Start today: Most people wait too long—get started with what you have, and let time work for you.

- Automate everything: Systems and habits beat motivation—set up direct debits, reduce expenses, and invest consistently.

#financialfreedom #finance #crypto

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🎙 Podcast Links:

Apple Podcasts: https://podcasts.apple.com/us/podcast/ben-bergs-%7C-crypto-business-sports/id1629581403

Spotify: https://open.spotify.com/show/5xir3V8fvtmHTAQy2D9dQd

👉 Connect with us:

Twitter

Ben: https://twitter.com/bensimpsonau

Bergs: https://twitter.com/BabyBackBerg

Linkedin

Ben: https://www.linkedin.com/in/bensimpsonau/

Bergs: https://www.linkedin.com/in/aberghuber/

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Disclaimer: We are not Financial Advisors. All opinions expressed by Collective Shift representatives and/or guest/s in this video are intended for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers' specific circumstances. Collective Shift and its individual team members are not liable to the viewer or any other party for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.

The viewer should always:

1. conduct their own research;

2. never invest more than they are willing to lose; and

3. obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.