What do you mean by financial independence?

Financial freedom is generally assumed to be a state in which an individual or household has sufficient wealth to live on without having to depend on income from some form of employment. But as Robert Kiyosaki states – ‘Financial freedom is available to those who learn about it and work for it’

If you asked your grandparents, your parents, and your peers for their views on financial freedom, their responses would be completely different from what we think today. For older generations, financial independence tends to be synonymous with retirement. But for millennials, financial freedom doesn’t involve working 45 hours a week for 40 years. They want to be financially independent early so they can enjoy the latter half of life in the company of their loved ones.

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