Attaining financial independence.

[Setho]

Everyone one day wants to be financially free but we as humans are wanting beings, so at what stage can you call yourself financially free?

 

[Lyrrex]

Money as we all know can never be enough because the more money we earn, the more and higher we want to earn. One can say he or she is financially free when there is enough money to meet all pressing needs and help others around.

 

[Lagazine]

I doubt if one can escape financial dependency, because everyone who look financially buoyant will definitely look for more and getting more lies on the kind of business they do.
Doing business will make you always rely on the calibre of customer who patronise you for financial stability. If your customers were not fairly treated, you may lose them and that will be the beginning of the downfall of the business and the owner. Therefore, everyone will definitely rest on someone's shoulders to gain the financial stability.

 

[Ehizzy1]

When you have many investment and you are making profit after knowing fully well that it will be hard for you to go bankrupt ,then you can consider your self free

 

[Niftyyem]

When you have enough yo take care of your pressing and future needs, able to give back to the community comfortably and absolutely debt free.

 

[Kamon c4]

The moment when my assets generates income that’s double of expenses then I can boast of financial independence anywhere

 

[Alexandoy]

When I got a stable job in a bank as a computer programmer trainee I thought that I would be financially independent when I became permanent employee as a programmer with a high salary. But I didn't notice that the bigger my salary becomes the bigger the expenses. Sometimes I even over spend which resulted in some debts. It took me many years before I totally became financially independent - no debts and with sufficient assets.

 

[vest1992]

Everyone one day wants to be financially free but we as humans are wanting beings, so at what stage can you call yourself financially free?

I can, I managed to open my company this summer and get accredited as a self - development counselor, where I give sessions, do courses, sell my digital books and audio files. Soon I will add a self development board game which will bring an extra income.

 

[giddy]

yes attaining financial independence is one thing every one want to ache but they are some habit we have to exhibit to achieve that goal,one of such habit is debt
Consumer debt is the bane of financial independence. If you use credit cards to buy consumable goods and carry a balance, then you are enriching the banks and not yourself. Credit cards, payday loans and car loans are all examples of money-generating machines for creditors. The first step toward financial independence is to get rid of high interest debts and free your money to work for you instead of the banks.

 

[Nurudeen]

You can't call your self being Financially free at any age until you reach or attain or have achieved that finanacial goal. Now adays it's not really easy to reach finanacial Independence due to some factors like inflation, devaluation of currency and some other economic factor that can make one spends more than what he or she wish for

 

[Ridorz]

I do not believe that we can be a financial independent until we get older. Because as much you get money you will want to get by keep investing on business to get more money and during this time you are still in financial dependent. But when you get old that you know that you anything than to retire your self, and earning money from your investment, then you can see your self as a financial independent.

 

[giddy]

your passive income (income from investments and interest on savings) meets your outgoings, you get to decide how you work, who you work with and how long you work for; you’re not at the mercy of employers and employment contracts. This gives you greater negotiating power when it comes to your next role. If salary doesn’t matter, you can have more of what does matter to you. That may be working hours, holiday allowance, autonomy or project choice.

When we are no longer bound by the ‘golden handcuffs’ of a salary, the job world suddenly gets a lot more exciting. If your investments are paying for your lifestyle you may decide to embark on a business venture or invest in a personal project different to a traditional salaried role.

 

[Richard92]

Attaining financial Independence is the dream for every business owner, where you no longer need loans from bank to support your business and also collect goods on credit from manufacturers , then you can say you have attain financial Independence as a business man. Financial Independence makes you run your business alone without any financial interference from outside. It makes you have 100 percent decision on any project you want to carryout as an individual or a business owner.

 

[WhiteHouse]

Overseeing cash and planning is quite possibly the main abilities one ought to learn and perhaps the most underestimated. Accounts can be misleadingly precarious to oversee. They're similar to some portion of a shuffling demonstration, where your home advances, vehicle installment, charge cards and other month to month costs are for the most part open to question simultaneously — and in the event that a couple of hit the ground, it sets the rest cockeyed. It is nothing unexpected then that the prior one beginnings monetary arranging, the lesser the weight on saving every month will be. Without a reasonable monetary system, you will think that its hard to anticipate your future. At the point when you have a sound monetary arrangement set up for the future, each naira you saved consequently gets appointed a reason.

 

[Tariq Shehzad]

To be financially independent having much importance and role. A peroson that is financially strong and independent can promote his business very well. He can earn much as he want to earn.

 

[Ralphjoe]

The stage that I can call myself financially free will be when I will stop getting some financial reprieve from my family members even if I am staying on my own.
This issue where I sometimes depends on my family members to help me financially, I have developed a financial plan to nip it in the bud.

 

[Trexxxy]

You attain financial independence when the money flowing in is more than the money going out , you have various investment that pay for the major cost in your life in terms of money. When you don't have to show your face at your place of work everyday, and the business runs smoothly. Then you can say you have achieved full financial independence.

 

[MastetG]

Financial Independence is Important Because it Increases Your Ability to Structure Work to Suit You. Of course, choosing or creating the right kind of work is not limited to those who are financially independent. ... Not only may your financial independence be determined by this decision but also your sanity!

 

[GoldenLady]

Financial independence for me, means not having to constantly exchange my time and efforts for money.

This can be best achieved through passive income sources like stocks, real estate and agriculture.

 

[tuna89]

You are financially free, the moment you know more depend on anyone for financial assistance, the moment you have different sources of income which are doing well, good amount of savings as well.