Maslow’s hierarchy of needs is a theory by Abraham Maslow that describes the pattern of human motivation. The most fundamental need is at the bottom of the pyramid and self-actualization is at the top of the pyramid.
In my journey in search of financial freedom and towards a sweet retirement, I believe the theory is very important. I will do a check on each level in the pyramid to see where I have reached in my journey.
1) Physiological Needs
This level describes the physical requirements for human survival like clothing, food and shelter. I have fulfilled this level as financially I have no problem buying and paying for clothes and food. I also have my own house although I am still paying mortgage for my house. (more…)