Somebody asked me today what the term 'Financial Freedom' really means. The trouble is that it's a bit difficult to define, because we are all different and want different things.I've tried to sum it up in this article:
Financial Freedom or not?
In a nutshell, I believe that you have truly achieved financial freedom when you can live off your passive income without having to hold down a 'job' (where you are paid a salary for the time you have worked).
Dependent on your lifestyle, i.e. the way you live, this can be quite difficult to achieve or it can be quite easy if you 'downsize' enough.
No comments:
Post a Comment