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Financial freedom refers to a state where an individual has enough financial resources to meet all their expenses, live comfortably, and pursue their goals without being constrained by financial obligations. Financial freedom is achieved when a person has passive income streams or sufficient savings that cover their expenses, leaving them with enough funds to invest, save, or spend on things they desire.
Financial freedom is different for everyone and depends on an individual’s personal financial situation, lifestyle, and goals. Some people may consider themselves financially free when they have enough savings to retire early, while others may consider themselves financially free when they can comfortably travel or pursue their passion without worrying about money. Ultimately, financial freedom means having the freedom to make choices based on your preferences rather than your financial obligations.
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