Financial Independence

A Promising Path...

Posted by Harsh on April 12, 2020 · 2 mins read

What is Financial Independence ?

Financial independence is the status of having enough income to pay one's living expenses for the rest of one's life without having to be employed or dependent on others.Income earned without having to work a job is commonly referred to as passive income. - Wikipedia

Now, You might think that why am I reading this ? Let me close the page and do my work but wait hold on for a minute. Just ask these questions to yourself.

- Do I have any passive income ?
- Do I have emergency fund that last 6 months ?
- Do I have plan my life after retirment ?
- Do I have any financial stability that pays my debt if I lost my job or business ?

If you don't have answers then you should consider to change your spending and saving habit so it will help you to save from falling into financial trap.

Check out the surveys done on savings habits of indians.
Emergency Saving Pattern
Monthly Income Saving
sources:- DealSunny

You might think that all these things looks good on paper but how can I achieve that? Not to worry friends, We will together achieve Financial Independence. So keep calm and Let's begin our journey ✌️😀

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