Let's Talk About Financial Independence:

United States
October 18, 2006 12:59pm CST
what exactly does it mean to you and how would you attain it?
1 response
sbeauty
@sbeauty (5865)
• United States
18 Oct 06
I'd love to have answers to this, too. I've worked hard my entire life, and so has my husband, and we've lived frugally, but we've never achieved financial independence.
deburleigh
@deburleigh (3)
• United States
18 Oct 06
To answer my own question: I think financial independence is the point where you have enough residual income to meet your expenses without going into debt. The way most people live is that they upgrade their standard of living as their income increases so they are always slightly behind and indebt no matter how much income they have.