By Amber Deter Financial freedom vs. financial independence: what’s the difference? Many people use the terms interchangeably. But there are distinct differences between the two ideas. And they can lead to very different lifestyles.
At Investment U, we believe financial freedom is the end goal. And financial independence is an important step to get there.
Financial Independence
The key to understanding this term is the second word: independence. According to the Oxford Learner’s Dictionary, the best definition of independence is:
“The freedom to organize your own life, make your own decisions, etc. without needing help from other people.”
Being financially independent means you don’t need to rely on …read more
