What is Financial Independence?
Financial independence, also known as financial freedom, is usually described as a state where you simply don’t need to work anymore because you’ve got enough money coming in from elsewhere to live on for the foreseeable future.
As advocated by the F.I.R.E movement (Financial Independence, Retire Early), the goal is to accumulate assets such as stocks, real estate or savings in order to generate passive income.
By doing so, people can concentrate on what is essential for them and live their life to the fullest.
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