What is Financial Independence?

What is Financial Independence?

It is very difficult to have one single definition for financial independence. This is because, people have different opinions about money and their understanding of the term is highly subjective. But there is one word that is repeatedly associated with financial independence and that is freedom.

Now, this freedom can be of various sorts including but not limited to:

  • Being able to move out of your parent’s house.
  • Being able to pay for your own needs.
  • Not being dependent on someone else for food, clothing and shelter.
  • Being debt free.
  • Being able to change jobs without worrying about your money reserve.
  • Being able to survive without generating more incoming money.
  • Being able to indulge in things you are passionate about like travel, food, sports and more.

But more often than not, this involves careful planning and goal setting of what you want your finances to achieve. To get to a financially sound state as is usually understood, it is important for a person to generate better income and save all that can be for use in the future, especially post retirement.

One aspect that is not given much attention is the idea of having a simpler and minimalistic life that can save you from spending your hard earned money for things that do not matter in the long run and can only provide you with temporary comfort.

Financial independence can be what you want it to be.

Let’s-Live Coaching Contact Details:

Founder/Owner and Author of Let’s-Live Coaching
Francois Janse van Rensburg
Voice: 012 665 1769 / 012 683 8836 Cell: 076 033 4191
Email: francois@letslivecoaching.com

 

P.A to Francois Janse van Rensburg
Chani van der Merwe
Voice: 012 665 1769 / 012 683 8836 Cell: 076 033 4191
Email: chani@letslivecoaching.com

 

Office Manager
Deserey Joubert
Voice: 012 665 1769 / 012 683 8836 Cell: 076 033 4191
Email: deserey@letslivecoaching.com

Francois Janse van Rensburg – Let’s-Live Master Coach – South Africa
Mobile: +27 76 033 4191 | Email: info@letslivecoaching.co.za | info@letslivecoaching.com
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