Monday, 10 March 2014

The Concept of Financial Freedom

What does it mean to be financially free?

A person is truly financially free (and living a good life) when his income-generating assets are generating for him enough income to cover for all his expenses comfortably without him needing to work.

And at the very core of the whole notion of achieving financial freedom is the importance of owning assets. Assets can be in the form stocks, property, websites etc.

It takes time and/or money to build/acquire assets.

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