Let us start at the root question of life what does is it actually mean to be financially free and are there ways to achieve the freedom. Financial freedom from a very simple point of view is to have all our expenses covered without stress. But life is not that simple.

We will try and dig a little deep to understand what Financial Freedom is and what are the k    ey steps?   

Having “financial freedom” means different things to different people. But, generally, it is understood as being able to live the lifestyle of your choosing while responsibly managing your finances.

Financial freedom has to be personal. Dream big and get specific about your goal.

Financial freedom in layman’s terms is when all are our expenses are covered and this includes our monthly needs to all the way to paying our debts and then we have some money left for investing and a small part if saved as an emergency fund for any unforeseen expenses. In short, financial freedom is having enough residual income to cover your living expenses. This can be achieved only when you are prepared for it. All you need is a little financial planning.