Financial

independence

Philanthropy Planning . Wealth Abundance

Financial Independence (FI) in personal financial planning is the ultimate life goal where an individual has sufficient personal wealth to live without needing to work actively for their basic necessities.

The journey emphasizes building a robust financial foundation through prudent saving, investing, and managing expenses to create a steady income stream that can cover living costs indefinitely.

Achieving FI often involves setting specific financial goals, adopting disciplined budgeting practices, investing in diverse asset classes, and minimizing debts.

The ultimate aim is to reach a point where passive income from investments, such as dividends, rental income, or interest, exceeds one’s living expenses, granting the freedom to pursue passions, hobbies, or work by choice rather than necessity.