Financial Freedom doesn't mean that you should retire early. I know a lot of people just fed up from there 9 to 5 job and want to quit their job but couldn't because they don't have financial freedom. Though both Financial freedom as well as Retore early are closely inter related but that doesn't mean that if you have achieved one thing you should achive the other.
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For me financial freedom means that I don't have to worry about the money. I will not try to retire early as such, but I will try to reduce my working ours and try to focus on more health and building the personal brand. Or I can continue working but a little less stressful job. Actually this seems to be the better option because when you retire you will get easily bored after a while sitting at home.
The problem is to achieve the financial freedom just from the salary is hard. Even though it is hard people are able to do it. But along with hard it takes time. If your age is 20 and then you continously saving good chunks of your money then by 40 you can achieve financial freedom that's called starting early.
Next if you don't want to save much then the next option is to create the passive income and when your passive income goes to a point where it can be used for your expenses then you actually don't require to working more. Creating passive income is hard. And also creating passive income which can help you to replace your expenses is quite hard. If I take Hive as my passive income than I need around $1K per month which can help me to achive financial freedom.
And getting $1K from Hive alone is not possible as of now. But if we create 10 income streams which can give us $100 each per month than I think that is called the true passive income. Now how can we get $100 per month from different sources. There are multiple ways, one from stock market which needs some initial capital, from Hive, from blogging in other places like Medium or getting money from Adsense.
And similarly there can be other places too which can help us to get $100 per month but again we have to continously work towards it to achieve it. So we have to start nicely and work little hard to achieve that financial freedom.
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From many points of view, achieving financial freedom will take time. Starting early and be disciplined about it will always be an advantage. I think retiring early from financial freedom could be boring for some people, since you'll have a lot of free time and wouldn't know what to do with it.
That's true, compounding of anything is good over time
👏 Keep Up the good work on Hive ♦️ 👏