Financial independence is real simple to explain. If you have a job and you are a wise man problably you are in a situation like this
You have a job and income from it, you have expenses (bill, mortage ecc..) and if income > expenses you have saving. Simple
After that you can generate passive income from your saving (es if you buy stock they can generate dividends) so the picture can became like that
If your passive income = expenses you are financial indipendent so you can live
only from income from your saving without changing life style
If this is easy to understand the real question is “how can I achieve financial independence?” This is the main question but this trivial picture has more subtle question
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