I am pretty sure almost everyone reading this post has either talked or atleast thought about Financial Freedom in their life and some may have also made a detailed Excel Sheet as to how you can achieve Financial Freedom. But the meaning of Financial Freedom is not stagnant at all, infact it varies from person to person. For example a person living in a Rural Area may achieve his Financial Freedom with 100000 USD savings but at the same time the same amount may not be enough for a person living in a Metro Area. It is not just about the Money that you have in Savings but also how you live your life which varies from person to person so since I can't speculate about others I will write down what I think is Financial Freedom for me.
Financial Freedom for me is to have a life where I have saved up sufficient money that can act as my Retirement Fund while I am still capable of working. Currently I am on my way to accumulate that amount and even though I am not even halfway there I am expecting to bump up my investments starting next year so that I can achieve my Goal in the next 3 years. Yes the task is quite difficult I agree but definitely not impossible. Once I reach my Investment Goal I want to be so carefree that I do not have to worry about having a Job or not as my Investments would be able to sustain my day life on its own.
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Financial freedom to me means having the resources to survive independently on a month-to-month basis and the responsibility and self-control to live within your means. You can be financially free living in a studio basement suite with a bus pass, or in mansion by the beach with a lambo, the key is that you are in control of how you spend your time.
As for me financial freedom is like I will not be worrying about my daily expenses everything covered from insurance etc.
I may still work but can still as a hobby and not be pushed and rushed daily to meet the goals.
!PIZZA
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