one close definition of Financial Independence is ability to sustain on one's passive income.i.e. you can afford your day to day life without having to earn money by any need ( by work or business?).
'Financial Independence' should be one of the key goal of each and every investor.( In simple terms..this can be called retirement planning too?).
Starting early, investing regularly and compounding your money is the key to success for financial independence.
To judge how far you are from it ..face a question.
There are a lot of people who thrive only on their regular income. i.e that they cannot manage their day to day business even if their salary/income flows are stopped for even a single month. At least small but steady steps should be taken by each and everyone in moving towards financial independence.
Gifting ideas- How about making a gift yourselves for your near or dear?
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