At which point can we say one has achieved financial freedom?

[Niyi Briggs]

Financial freedom is a topic that is important to many people and can mean different things to different people. At what point do you believe one has achieved financial freedom?

Is it when they have a certain amount of money saved, when they are able to live off of passive income, or is it something else entirely?

 

[SHAHID987]

It's very difficult to say because it's depends upon a person's way of thinking some lower class people says that they have all important necessities while you'll see some rich people who will be complaining about financial problems.

 

[cherry123]

When you have good enough savings and you don't borrow for anything. you have passive income too.

 

[nomad]

If you can pay bills for an entire year even when you do not have any work, you can believe you have achieved financial freedom.

 

[Niyi Briggs]

If you can comfortably pay your bills, I think that you have attained financial freedom. If you are still struggling to pay bill, you haven't achieved financial freedom just yet.

 

[IB D]

You are financially free when you are able to have surplus to give out to others. When you cannot give out to others, I don't think you are financially free.

 

[Springtime]

That depends on the expectation of individual person. I think financial freedom means you have enough money to afford the things you want to buy, the kind of life you desire to live.

 

[astutimeliana723]

As for me, we are said to achieve financial freedom, when we don't have to think hard about paying bills, don't have debt dependents, easily buy what we need and want, and so on.

 

[Passiveearner]

I may not really claim that I achieved financial freedom until or unless I actually become rich. This is because inflation is making it harder for many people to become financially independent.

 

[Shavkat]

Financial freedom will happen if you are not worrying about going to work. It is supposed to be having a comfortable life that does not need to worry about earning or saving money. It means you have enough to live in this world.

 

[eldavis]

For me i believe it is when i can easily buy what i want when i need it without having to worry about my account balance. It is when what comes in my account is ten times more what goes out.

 

[riberet19]

I think you can consider yourself financially free when you stop worrying about money and have enough money to live the rest of your life without worrying about money and others

 

[Phavee]

I think when you don't have to worry about anything concerning money cause you have enough of it.

 

[Elendu]

I can say financial freedom when an individual has paid off all debts and obligations, including mortgages, loans, and credit card balances, which reduces their monthly expenses and still has enough to run more expenses but not when it becomes mismanaged

 

[Shavkat]

For me i believe it is when i can easily buy what i want when i need it without having to worry about my account balance. It is when what comes in my account is ten times more what goes out.

It seems that you are going to be free from stressors that are related to money matters. I wish I could be in this situation.