FINANCIAL FREEDOM IS THE KIND OF FREEDOM IN WHICH PERSON ARE ABLE TO EARN MONEY WITHOUT THEIR CONTINUOUS PARTICIPATION.
FOR EXAMPLE: Mr Singh set up a Restaurant in their city. He make a process that run their business without their participation like: Cook is responsible to make dishes for customers, Waiter is responsible to serve, Cleaning man is responsible to ensure hygiene, Accountant is responsible to maintain the accounts of restaurant and Manager ensure that each employee fulfill their obligation and duties as per deal.
Here, Owner doesn’t need to visit the restaurant regularly.
There are different ways to get financial freedom:
- Set up the own the business.
- Invest in Mutual Fund
- Invest in Stock Market
- Invest in Real Estate (like: Land or Property)
- Invest in their own Learning