Financial freedom describes a well-planned lifestyle where one no longer is required to work for income to cover their expenses. Contrary to popular belief, it does not require being free of debt, as a debt payment is just another expense. Typically, "Financial Freedom" can be attained in one of two ways (or a combination of the two) : 1. Enough passive investment income to cover one's expenses. 2. A large enough "nest egg" that can be liquidated over time to cover one's expense
Simply Said : financial freedom is one point in life when youdo not work for money anymore.
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