It is a financial concept that is defined as the ability to stop working and continue generating income without the physical presence of the person, and to be able to obtain freedom of time, freedom of movement, and freedom of decision, basically it is achieved when your passive income (these are income that do not depend on your work) are higher than your expenses.
How long could you live if you stopped working?
Financial freedom is directly related to the economic well-being of an individual, although not with their wealth.
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Flag as inappropriateLast updated on Jan 7, 2023
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