Financial Freedom: Everything you need to know to achieve it

If you want to know more about financial freedom or economic freedom, you are on the blog post . Here I have compiled all the information, resources and real examples that will help you achieve this goal.

I think I'm not wrong if I say that many of you identify with any of these statements:
• Every Monday you wake up wanting it to be Friday.
• You do not have enough time to dedicate yourself to what you like most.
• You see the holidays as an oasis in the middle of a hot and hostile desert.
• You're looking for a way to avoid work.
• You cannot stand your boss but you cannot leave due to necessity.

Don't worry, you are not alone. You, me and many other people are reflected in some (or all) of these statements.

You may like your work more or less, but the common thing is that you do not really love it and that you did not do it if you were not paid. As a consequence, the idea of having to work until the State allows you to retire discourages you. Grand ivy casino bonus is a great source to become financially independent.

WHAT IS FINANCIAL FREEDOM?

One of the multiple definitions of financial freedom, economic freedom or financial independence is the following (I consider everything as the same concept):

The moment when you do not depend on the external income to maintain your standard of living, thanks to the fact that your passive income is sufficient to cover your expenses. Therefore, you no longer need a job to live

Understanding passive income all the money you earn without depending directly on the time you spend (although they are never usually 100% passive). Some examples could be:
• Interest and dividends generated by your investments
• Income from rental property, car or the like
• Income through internet marketing (advertising or affiliation, for example)
• Royalties and royalties for patents or books, for example

Economic freedom has a direct relationship with money. However, the ultimate goal is to be able to completely forget about it and be able to:
• Cover your expenses month to month regardless of your direct income
• Do not worry about what you will do if you lose your job
• Ensure a decent pension (this really)

More in detail:
• Absolute financial freedom: You have much more passive income than you could spend with your lifestyle; almost impossible that you run out of money.
• Financial freedom "as such": Under normal conditions, you have a flow of money that allows you to cover the expenses of your standard of living (when we talk about economic freedom we usually refer to this level).
• Financial security: Financial freedom in its minimum expression; you have passive income that covers your expenses but only those essential to living (water, electricity, rent/mortgage, food and little else).