If you are reading the finance blogs, you will always hear the term "financial independence" popping out. Sounds boring? It sounded as if life can only goes on after achieving it. So what is financial independence?

According to Wikipedia, the explanation is : "Financial independence is generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities. For financially independent people, their assets generate income that is greater than their expenses."



My definitions of financial independence is to live as per current lifestyles, except that I don't need to work actively for the money. This will free up time spent on work and more on events that are important to me. There is nothing more important than our lifetime. So, what is lifetime? Accordingly to Google search, the explanation of lifetime is : "the duration of a person's life.......