By author Morgan Jassen on wieldsilver.com 2020-11-02
Definitions of Financial IndependenceWhat is "Financial Independence"? Here are links and summaries to three different sources that essentially define what is "Financial Independence". ~~~ 1.) Regarding having income coming in to pay all one's expenses while at the same time not being dependent on employment income nor dependent on others for income: (From Wikipedia, the free encyclopedia [2020-05-18 17:31] From 2020-11-02) "Financial independence" https://en.wikipedia.org/w/index.php?title=Financial_independence&oldid=942770754 ~~~ ~~~ 2.) Regarding having living money without needing to work for money: (From the persona of investopedia.com's Stephen D. Simpson [Jun 29, 2020]. From 2020-11-02) "Declare Your Own Financial Independence Day" https://www.investopedia.com/financial-edge/0611/declare-your-own-financial-independence-day.aspx ~~~ ~~~ 3.) Regarding money coming in from investment assets and that money covering 100% or more of one's living expenses: (By the person a of Robert Kiyosaki on richdad.com [June 29, 2020]. From 2020-11-02) "Define Financial Freedom" https://www.richdad.com/define-financial-freedom ~~~ In conclusion, Financial Independence basically means investment income covers your living expenses so you are free to not have to work at a job for money. This blog post first published at https://wieldsilver.com/2020/blog/ Copyright © Morgan Jassen and wieldsilver.com (unless otherwise noted) wieldsilver.com statement - I blog about products for which I own company shares.