The idea behind financial independence is simple: Women must become financially independent before they can truly live life how they want to. This means having enough money to do what you want, when you want, without worrying about whether someone else will approve.
Once women are financially independent, however, they can spend money to gain experiences and explore the world as they like. They don't have to worry about anyone telling them what they can or cannot do. And once they've done that, they're free to pursue whatever goals they set out for themselves.
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What is Financial Independence For Women?
Financial Independence is something we hear about often. We see it on TV, read about it in magazines and newspapers, and even talk about it among friends. However, most people don't know what it actually means. So let's take a look at how it works, why it matters, and what it takes to achieve it.
What Is Financial Independence?
First off, financial independence isn't just being able to pay your bills without having to rely on anyone else. It's much bigger than that.
In fact, according to the National Endowment for Financial Education, financial independence is "the ability to live life on your terms."
And while there are many different ways to define financial freedom, here are some common definitions:
- Being free from debt - whether credit card debt, student loan debt, car payments, mortgages, etc.
- Having enough money to meet your basic needs and provide for yourself financially - such as food, shelter, clothing, transportation, health care, education, recreation, insurance, savings, retirement, and emergency funds
Early Retirement Financial Independence
Benefits of Early Retirement Financial Independence:
- Work at home, whenever you want.
- Set your own hours.
- Choose how much money you earn.
- Create your own schedule.
- Save thousands by retiring early.
- Live anywhere in the world.
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