Although people often confuse the two, financial freedom isn’t the same as being rich. One individual could be completely financially free earning just $20,000 annually, while another could be trapped even with millions of dollars of annual income.
So then, what is financial freedom?
Financial freedom is a state of mind achieved within an individual by no longer needing to worry about money. Money is no longer the dominating force behind the personal or professional decisions within an individuals’ life.
Why is financial freedom more important than wealth?
While many individuals can consume a limited amount of food, once they’ve reached their limits, individuals will discontinue eating and their thoughts will no longer be occupied with eating.