Financial Independence means you have enough personal wealth to live, without having to work for basic necessities. Thus Financial Independence means the ability to manage money in such a way that you have sufficient funds to live your chosen lifestyle without assistance from others.
People do realize the importance of investments but it is not a priority for them in the early stages of their career. We delay making investments as we think that we can always make up for the lost time once we start to earn more and thereby investing a higher amount.
In this consumption based digital economy, the ability to borrow seamlessly through credit card culture and EMI’s are very dangerous as it leads to impulsive spending and over borrowing. Spending the money you have is one aspect, but spending the money which you will earn in future is other.
As I have recently started this blog, so would thus request you to please bear with me on this post as I am still due. I am planning to write a post or two every month, so in a short while you will not be seeing this message anymore. Thanks a lot for understanding.
