facebookWhat does it mean to achieve financial freedom? Like is there some definition for it? - Seedly

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Anonymous

07 Jun 2019

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What does it mean to achieve financial freedom? Like is there some definition for it?

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HC Tang

07 Jun 2019

Financial Enthusiast, Budgeting at The Society

Means one only spend limited small amount of time to manage an auto streams of income ($ working for you ) to cover all your usual expense without the need for you to go actively spend most of your time working in exchange for $ which in exchange for daily needs of life.

Basically able to do what your want or don't do anything daily because you have this $ generating engine working for you to cover rentals /
Installments and daily needs. πŸ˜ƒ

Haha. F.I.R.E (Financial Independence Retire Early) is the new movement these days but what one do with his/her own free time so that life is meaningful is up to each individual πŸ˜‹πŸ‘

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Jansen Ng

02 May 2019

Business Student at Ntu

Hey, I kinda like this list of stages by Investment Moats. From this, they define financial independence as when your passive input cash flow is greater than your current expense. (inflow > normal outflow)

Financial freedom is when inflow > normal outflow + few more life goals

But need not get too tight on definitions and all. Set your own standards;p

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