By author Morgan Jassen on w̶i̶e̶l̶d̶s̶i̶l̶v̶e̶r̶.̶c̶o̶m̶



2020-11-02 

Definitions of Financial Independence

What is "Financial Independence"?

Here are links and summaries to three different sources that essentially define what is "Financial Independence".

~~~ 1.)
Regarding having income coming in to pay all one's expenses while at the same time not being dependent on employment income nor dependent on others for income:

(From Wikipedia, the free encyclopedia [2020-05-18 17:31] From 2020-11-02)
"Financial independence"
https://en.wikipedia.org/w/index.php?title=Financial_independence&oldid=942770754 ~~~

~~~ 2.)
Regarding having living money without needing to work for money:

(From the persona of investopedia.com's Stephen D. Simpson [Jun 29, 2020]. From 2020-11-02)
"Declare Your Own Financial Independence Day"
https://www.investopedia.com/financial-edge/0611/declare-your-own-financial-independence-day.aspx ~~~


~~~ 3.)
Regarding money coming in from investment assets and that money covering 100% or more of one's living expenses:

(By the person a of Robert Kiyosaki on richdad.com [June 29, 2020]. From 2020-11-02)
"Define Financial Freedom"
https://www.richdad.com/define-financial-freedom ~~~

In conclusion, Financial Independence basically means investment income covers your living expenses so you are free to not have to work at a job for money.



This blog post first published at https://w̶i̶e̶l̶d̶s̶i̶l̶v̶e̶r̶.̶c̶o̶m̶/2020/blog/
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