Attaining financial freedom is an objective for most individuals. Financial freedom usually means having your own financial resources to live your ideal life with passive income: savings, financial investments, and cash on hand to afford the kind of life we desire for ourselves and our families. It means growing savings that enable us to retire or pursue the career we want without being driven by earning a set salary each year. Financial freedom means our money is working for us rather than we working for money.
How do you become financially free?
To become financially free, you must pay off your consumer debts, build a safety net of savings funds, and create enough passive income through investing or business ownership to pay for your current and expected future living expenses.
Finding a passive income to replace our salary is the first meaningful financial objectives to being Financially Free!
