What do you really mean about "financial independence"?
By betterdays
@BetterDays4Me (3777)
Philippines
September 18, 2012 9:07pm CST
When you hear the word "financial independence", what comes into your mind? Is it having a lot of money that you feel independent already that you could do anything without the help of anyone? Is it about being free from money worries or having more than enough for anything you want in your life? I wonder why the word "independence" is used here, so I just wanted to see more clearly what that means exactly.
6 responses
@BetterDays4Me (3777)
• Philippines
21 Sep 12
I see kongno, that also sounds like a meaning we could give with good passive income from reliable sites. If that is the case, I'm on the right road to financial independence because I'm kind of into passive income nowadays.
@skyandgrassplot (1497)
• China
19 Sep 12
My opinion for the words"financial independence is:have enough money to do something he/she would like to do,even lost the job someone still can keep his/her lifestyle,and even in some part the investment failed someone can still earn money from his/her other investment.
In a word,free,the pith is free.
@BetterDays4Me (3777)
• Philippines
21 Sep 12
Yes, I like that explanation. So it includes being free of worries that if something went wrong, you still have good reserves to use. Independence from money worries, that's a good way of viewing it.
@cutepenguin (6431)
• Canada
25 Sep 12
For me, it's not needing to have a job because I have enough investments and property to live off the income from those.
@thinkingoutloud (6127)
• Canada
25 Sep 12
For me, I define "financial independence" as being able to fully support one's basic lifestyle and needs -- food, shelter, clothing, savings, etc. -- with one's own income, meeting all financial obligations, at all times. Financial independence means not having to rely on anyone else for money... and not having to use credit to make ends meet. Being financially independent doesn't equate to being "independently wealthy," by any means. To be financially independent means you live your life, on your own two feet, having a balanced income/expenditure ratio.
@kktheindian (32)
• India
25 Sep 12
Hi,
Financial independence is nothing but having enough money to fulfil the luxurious needs of a person without worrying about or after allocating sufficient money for his/her basic needs, future savings and other expenditure.
@MissPiggy (1748)
• Indonesia
19 Sep 12
Hmm...for me, it means that I can earn my own money and spend it without any other things to consider. It doesn't have to be "more", at least it's "adequate". That's for me. 
@BetterDays4Me (3777)
• Philippines
21 Sep 12
Yes, I would say that is a kind of independence as you use your own money without asking money from someone else for your own needs. I guess it would be true that financial independence is being able to earn enough without having the need to ask for financial help from others.
