Financial Independence Fundamentals

parlances of economic planning. The term financial

independence in itself connotes a meaning of saving for all the

future expenditure to support for the expenses. The concept of

financial independence is of interest mainly to people looking for

retirement and life after it. Saving for the same is necessary to

avoid dependency on anyone, and the methods are unique.

The two conventional methods of achieving financial

independence are bought asset accumulation and expenditure

reduction. Both methods have their way of methodologies and

difficulties. Financial independence is majorly linked with income

flow and the available surplus with the people to manage the

same and become financially independent. It is only the wealth

accumulation that helps a person to be financially independent

and in a world of heavy competition, being financially

independent is of utmost importance.