Financial freedom is a state in which an individual has enough income and assets to live comfortably and meet their financial goals and obligations without being dependent on active income from employment or other sources. It means having control over your money, time, and life.
Financial freedom can be achieved through a combination of factors, such as living below one’s means, reducing debt, saving and investing wisely, and creating multiple streams of passive income. Achieving financial freedom typically requires a long-term mindset and planning, as well as discipline in maintaining good financial habits. The ultimate goal of financial freedom is to have the flexibility and security to make choices about how one wants to live their life, without being limited by financial constraints.