What is financial freedom?

Economics Dec 17, 2020

Expert Solution

Financial freedom refers to a stage in an individual's financial status wherein he already have enough passive income to support his daily needs. This means that the said individual already have made investments or have assets which are capable of providing for his needs without him having to actually render work or service to another. Achieving financial freedom requires a lot of patience, hard work, proper financial planning and strategy as well as a good grasp of one's financial status.

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