What is financial freedom?

As ironic as it may sound, financial freedom is control, i.e.control of your own finances. So one of the better ways to define financial freedom is to have enough residual income that allows you to live the life you want, without worrying about how you’ll pay your bills or manage your money. Handle a sudden expense.In other words, financial freedom is not always about being rich and having a lot of money . Instead it’s more important to take control of your financial present and financial future future. to give you context There are 8 different levels of financial freedom.These levels range from someone who doesn’t rely on paycheck to paycheck to have more money than a person will ever need in his life.

Eight points or levels of financial freedom mentioned below…

1. Don’t live from paycheck to paycheck you have an emergency fund for emergencies. 2. Enough money to quit your job (a little) Your savings can support sabbatical or extended leave. 3.Happy financial and still saving earn enough, do things you enjoy & Keep saving. 4. Freedom of time: You are leaving the rat race to pursue your interests and you will not be broken in doing so. 5. Enough for basic retirement: You can adjust or reduce some living standards to retire early. 6.Enough for an actual retirement Well you have accumulated sufficient assets and/or passive income streams. 7. Enough for your dream retirement You experience the joy of traveling around the world. Spend time with friends, etc. 8. More money than you will ever spend. Your wealth lasts longer than you, i.e.you cannot spend enough in this lifetime.

#WazirXWarriors #IndiaWantscrypto #Financialfreedom