Copyright (c) 2007 CashYourPassion
Financial Freedom seems to be the buzz word ever since Robert Kiyosaki made his book series "Rich Dad Poor Dad" famous. While financial freedom has been on the minds of numerous people, not many individuals understand how to achieve it. The constant routine of getting to a 9 to 5 job is all too common.
So, what is financial freedom? There are of course many definitions in various publications describing financial freedom. Financial freedom is not wealth beyond your imagination. It is not about living in a big mansion or driving around in a flashy sports car. It is certainly not being a multi-millionaire. Financial freedom is the really dependent on the individual. It is to be free of the constant stress of paying installments, mortgages, and bills. Financial freedom is achieved when you know you no longer need to be in the rat race - the need to work for money. Of course, you may opt to continue working (well, you define work) but working for fun and your passion. Financial freedom can be achieved even though you are driving a beat-up junk or still living in a trailer home.
So how does one achieve financial freedom? Mentioned earlier, it really depends on the individual. Your lifestyle dictates your pace. If your lifestyle expenses are high, you have 2 options.
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