{"id":8429,"date":"2020-09-19T20:11:00","date_gmt":"2020-09-19T20:11:00","guid":{"rendered":"https:\/\/savingsforfreedom.com\/?p=8429"},"modified":"2020-09-20T21:20:44","modified_gmt":"2020-09-20T21:20:44","slug":"what-is-financial-independence","status":"publish","type":"post","link":"https:\/\/savingsforfreedom.com\/blog\/2020\/09\/19\/what-is-financial-independence\/","title":{"rendered":"What is Financial Independence?"},"content":{"rendered":"\n

Financial Independence is the status of having enough passive income to pay for all your living expenses for the rest of your life, without depending on any paying job or work.<\/em> Passive income is generated by your assets such as a rental property, a business you own, or an investment portfolio, without the need for you to trade your time and effort for money.<\/em><\/p>\n\n\n\n

\"N26<\/a><\/figure><\/div>\n\n\n\n

\u201cFinancial Independence is not about retiring early or retiring at all really. It\u2019s all about having the freedom and flexibility to design your life in alignment with your values. Financial Independence<\/em><\/em> gives you the power to decide.\u201d<\/em><\/p>Choose Financial Independence, Chris Mamula<\/cite><\/blockquote>\n\n\n\n<\/a>\n\n\n\n

3 Building Blocks of Financial Independence<\/h2>\n\n\n\n

The 3 building blocks of Financial Independence are:<\/p>\n\n\n\n