RE: Is it safe to quit job after financial independence?

[belemo]

Financial independence needs a proper definition. I feel like sometimes people describe retirement and call it financial independence.

For example, having a well paying job that enables you to save and travel is financial independence right?

Posted using LeoFinance Mobile

Comments

[cwow2]

For example, having a well paying job that enables you to save and travel is financial independence right?

No.

Financial independence is the status of having enough income or wealth sufficient to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. Income earned without having to work a job is commonly referred to as passive income.

without having to be employed or dependent on others.

That ^