How to Become Financially Independent in 7 Steps
Early retirement. So many of us have thought about it. But few of us live it. How can we spend the rest of our lives doing what we want rather than what we currently must?
In other words, we wonder how to become financially independent
Early retirement. So many of us have thought about it. But few of us live it. How can we spend the rest of our lives doing what we want rather than what we currently must?
In other words, we wonder how to become financially independent
Wouldn’t it be nice to finally spend your time writing that novel you’ve always wanted to? Or maybe you have a true passion for charity and service work and wish you could devote your life to the cause.
Maybe you just want to be really rich. Really happy. And retire early.
In order to do so, you have to put in hard work. AND you have to have a plan.
Ask anyone if they want financial freedom and the answer is sure to be a resounding “Yes!” But what is financial freedom, really? Depending on who you are, it can mean different things. Life without student loans. Enough money to retire comfortably. Passive income so you never have to go to your day job. These are all examples of financial freedom, to a degree.
The core premise of financial freedom is the same: Having the fiscal stability to live the life you want. When you aren’t burdened by debt and have enough income to live independent of a paycheck, you’re financially free. It takes a lot of smart decision-making, self-control and hard work to become financially free. But the rewards are worth it.
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