Financial freedom can be taken to mean a number of things, it really depends on who you ask.
For some people, financial freedom means the ability to choose not to work.
That doesn’t necessarily mean that proponents of this interpretation don’t work – some of them work incredibly hard.
It just means that you can, if you choose to, stop working and live off your savings.
That’s an extreme interpretation of the term, mainly used by the FIRE (Financial Independence, Retire Early) movement.
The way to get to achieve this type of financial freedom is to very aggressively save your income in the early years of your career and invest it in the stock market, and usually (though not necessarily) retire by 35–40 and live off the yield your portfolio provides (e.g. 6% per year).
A softer interpretation of the term is used to describe a situation in which you’re not tied to a single source of income, and your income is mobile.
In such a case, you do still need to work, but what you do, how and where you do it and with who – is up to you.
A few examples of such sources of income are affiliate marketing, selling products online or producing content (courses or ebooks) for people to purchase.
I believe both interpretations are valid, but the latter is more sustainable, and frankly more fun – but that’s just my opinion.
Hope that helps
Jon
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