Financial independence

What is financial independence?

Financial independence is a place you reach when you have enough income each month to cover your expenses and where a significant proportion of that income is generated passively. This means you don’t need to be actively working to make a living. Being financially independent also means you’re debt-free and (ideally) mortgage free and that …

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Sketchnote compares the financial situation of someone at the start of their journey to financial independence and what their situation looks like once they have reached financial independence.