what is financial freedom

What is Financial Freedom?

Financial Freedom Is Important For Happy Life

Mostly people think if they have unlimited money and we could buy anything like a big house luxury car branded clothes then we can say we have Financial freedom but it’s not true people are going in the wrong direction you need to understand it’s not like that you need to learn about financial freedom it’s so easy to understand but the harsh reality in our society is that very few people know about financial freedom. I will tell you the definition of financial freedom.

If you can earn the living expense for you and your family without working anywhere then you are Financially free

Example,

            If you are salaried person you have a family your average monthly expense is 30,000 to 35000 thousand per month but after a few months you left your job or you got ill for a long time or by any condition you lose your job and you are searching for new job in this time you credit your expense by your savings but what you do when you don’t  have any saving because it’s not increase automatically at that time you need passive income.

Passive income means is you earn money without doing anything suppose your basics yearly family expanse is 4, 20,000 and you make without doing anything that’s called passive income. You can earn passive income in many ways where you need to the investment it can be your time or money and after some time you will earn your passive income, if you earn 35000 thousand per month for you and your family without working then you are financially free,

You don’t need million Dollars for being financially free

This income should deposit in your bank account per month while you are sleeping for a month at home. this income may come from your investment like your rental income, share’s dividend, sleeping partners in business or you have online income many more..... But you must not be actively involved.

Read Here about what is Personal Finance

Whatever may be your personal aim? But financial freedom should be your top priority......!

Now the most important question is why financial freedom is important.........................?

2 Big reasons

1.     You live your life without any money stress because when you know that in anyhow you will earn money for you and your family expense then you wake up every day mentally free. You will not worry about any office tension or you don’t need to open any shop and you never feel how I will pay my bills or my children's school fees. You always feel happy and you will give your 100% in every work.

2.     You can take a risk of starting any business it will help to do something big if you want to do something big in your life then you will take big actions then you will face big risks it will come in free of cost when you take big actions because that doesn’t mean if you do something big then you will get big gain most of the time it means big lose with this fear most people wouldn’t take any risk. People live their whole life struggling with financial conditions.