Saturday, September 29, 2012

What Is Financial Freedom

What Is Financial Freedom?

Before I start, let me briefly talk about the current book I'm reading. It's called "What Your School Never Taught You About MONEY". It's written by a Singaporean, so although it is a bridge apart from Malaysia, what I have read so far is pretty practical even for a Malaysian and contains many good advice and quotes.

So back to the topic at hand, what is financial freedom? The best definition I've read so far came from the previous book that I was reading by Yap Ming Hooi. He mentioned that financial free mean different things to different people which is why, financial freedom is whatever target you have set for yourself financially.

In his book, what he focus on mainly was that how much you will need to sustain your life after retirement and for how long. But as for people like me, who has just started working not too long ago( although 2 years does seem like a long time), retirement is still pretty far from my mind, I have personally set certain target I would like to achieve within the next 5 to 10 years, which ultimately in return help to achieve my dream. Which is to be financially free!

So, what is financial freedom to you? This is a really good point to ponder.


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