It has been a relaxing few days as i took leave to focus on my personal finance and plan for myself how to continue my pursuit for financial freedom in 2014. I read with huge interest some bloggers who attain passive income of more than $1,000 a month this year and another blogger who became debt free at a relatively young age by paying off their HDB mortgage loans in its entirety.
...A very mind intriguing thought came to my mind. In our pursuit for financial freedom, do we want to focus on Net Worth, focus on Cash Flow or focus on being Debt Free? There is no right or wrong answer but the mindset can lead to very different outcome eventually and a lot will depend on which stage of the life cycle we are currently in. Let me give you a simple illustration.
Illustration
Assuming a young ...
