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Financial freedom is the state where you have enough income to pay for your living expenses without being employed or dependent on others. It means having your finances in control, where your assets generate income that is greater than your expenses.
To achieve financial freedom, you need to focus on building assets rather than just earning income. Assets can be investments, real estate, or any other source that brings you passive income.
Remember, the goal is not just to become rich, but to become financially independent. It's about making your money work for you, not you working for your money.
Question was asked on:
The Employee values security above all else. They hate the feeling of fear that comes with economic uncertainty. The Employee could be a janitor or a CEO - it is not what they do that's defining, but the fact that they seek the security of a long-term contractual agreement. The Employee tends to focus on income, not on assets and works within someone else's system to earn that income.
Asked on the following book summary:
Discover a new approach to wealth management and start with small steps that can eventually lead to substantial assets. Robert Kiyosaki, author of the...
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