Wednesday, October 19, 2011

What is Financial Freedom??

So what is Financial Freedom?? Does everyone has a good understanding of these words? I doubt many people actually know the real meaning. If they do, their happiness level should be high, just like the people in Bhutan.

So what is Financial Freedom? Is it just being debt free or does it mean you dun have to work hard for it?

NO!!!

Being debt free, just simply mean you have no debt but you still have to work for your daily expenses and basic necessities like food etc, unless you are telling me that you can survive just by breathing in air.

There is also nothing in this world that is gaining something without doing anything. You have to work hard initially, but once you have the proper mechanism running, you dun have to run it everyday and you just sit back to relax.

So what do you have to do to get Financial Freedom??

Create your own passive income streams!! To have your money works hard for you and makes you money even when you are sleeping or doing nothing. There are just so many ways that you can do it. For example, rental from your house, dividends from your stocks holding etc... These are just some examples and there are many many more ways.

The main point is passive income streams does not need you to be working hard for it from 9 to 5. Money just works hard for you, if you know how to do it. When you are financial free, you work because you choose to and not because you have to.

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