Financial Freedom means a financial
condition where an individual has a stream of passive incomes that can take care of that person’s current
lifestyle costs without the necessity for that person to actively engage in an
occupation or profession. A financially free person can enjoy life without
bothering about working for a living.
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| Enjoying Financial Freedom |
Creating significant passive incomes like interest and dividend, predominantly through investing is the first vital ingredient. Leading a simple lifestyle, keeping the lifestyle expenses low and controlling the ‘Urge to Splurge’ are the second set of essential pre-requite.
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