"Financial independence" refers to a state where you are able to meet your financial needs and live comfortably without relying on others for financial support. It means having enough money to cover your expenses, save for future goals, and have the freedom to make choices about your money without being dependent on someone else.
Full definition
Since I'm aiming
for financial independence through dividend investing, the goal is to increase annual income as fast as possible.
The first theme is how to achieve
financial independence by saving your income diligently, managing your money responsibly and growing your savings with discipline.
While most folks who read this blog are likely
pursuing financial independence through the creation of passive income in excess of their expenses, this isn't the case for everyone.
Resources: An outstanding list of personal finance books, podcasts,
financial independence blogs, and forums where you can participate in wealth building topics.
We help our clients achieve and
maintain financial independence through objective advice, education, and a disciplined process of analysis, review, and update.
I still do this myself and view this as the single most important action for
establishing financial independence — assuming you wish to retire while you're still young enough to enjoy it.
The basic principles behind early retirement are fairly simple; if you can save more than 65 % of your income, you can
attain financial independence in less than 10 years!
After all, what's the point of working so hard for financial stability and eventually
financial independence if it all can be torn away in a moment's notice?
For example, people who report that they are happy at age 18 achieve
greater financial independence, higher occupational attainment and greater work autonomy by age 26.
And when I am saying fast
track financial independence, I am talking about retiring in 10 years or less from today, even if you are starting with very little.
Phrases with «financial independence»