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Financial freedom describes a well-planned lifestyle
where one no longer is required to work for income to cover
their expenses. Contrary to popular belief, it does not require
being free of debt, as a debt payment is just another expense.
Typically, "Financial Freedom" can be attained in one of two
ways (or a combination of the two): 1. Enough passive investment
income to cover one's expenses. 2. A large enough "nest egg"
that can be liquidated over time to cover one's expenses.
Simply said, financial freedom is one point in life when you do not work for money anymore.
