Monday, December 22, 2008
What is my defination of Financial Freedom - Part 1
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financial freedom
I believe Financial freedom is the state whereby the amount of passive income exceeds your living expenses. This amount of passive income streams is so huge that you no longer need to work to maintain your current lifestyle.
The fact that many of us have not achieved Financial Freedom is because we are normally trapped in the time-money trade-off where we have to invest time in running a business or earning a wage in order to earn the income that supports our lifestyle.
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The fact that many of us have not achieved Financial Freedom is because we are normally trapped in the time-money trade-off where we have to invest time in running a business or earning a wage in order to earn the income that supports our lifestyle.
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