Financial Freedom

  Financial independence  is the status of having enough  income  to pay one's living  expenses  for the rest of one's life without having to be  employed  or dependent on others. [1]  Income earned without having to work a job is commonly referred to as  passive income . There are many strategies to achieve financial independence, each with their own benefits and drawbacks. Someone who wishes to achieve financial independence can find it helpful to have a  financial plan  and  budget , so that they have a clear view of their current incomes and expenses, and can identify and choose appropriate strategies to move towards their financial goals. A financial plan addresses every aspect of a person's finances. Source of Income to achieve financial Freedom(passive source)- The following is a non-exhaustive list of sources of  passive income  that potentially yield financial independence. Bank  fixed deposits ...