What Is The Definition of Financial Freedom?
Here are some interesting answers from various sources about financial freedom that I found worth mentioning.
There is no consensus or definition that has been universally agreed upon:
- Wikipedia
Wikipedia does not give a direct definition or official explanation as to what Financial Freedom is.
However, a highly reputable credit card company source in Wikipedia sited financial freedom as someone owning savings and assets worth at least $9 million in value.
- The Merriam-Webster dictionary
Freedom is the absence of necessity, coercion, or constraint in choice or action.
It may be extended to infer that financial freedom is the absence of monetary constraint.
- Robert Kiyosaki of Rich Dad, Poor Dad Fame
Robert Kiyosaki never explicitly defines Financial Freedom per se,
but he so elegantly shares about his life in more ways than one can fully comprehend the true meaning of Financial Freedom.
One has to study his Life and lifestyle in order to fully know the definition of financial freedom in its entirety.
(His definition of Financial IQ, however is more stark.) In his definition of wealth,
he explains that it is the number of days one can live forward without working from the day that one stops work.
- Suze Orman
Her definition of financial freedom is "when you have power over your fears and anxieties instead of the other way around."
- My definition
The term "financial" has its roots from "finance", which has its links in the concept of money, time and risk.
Personal financing transactions may include durable goods, such as a car, a real estate. "Freedom" derives from "free", which is the absence of constraint.
Financial Freedom is therefore the absence of constraint and control, whether literal or psychological by matters concerning, but not limited to, money.
There you have it. Simple.
|
|
After reading the first six volumes of Marcus'
For Financial Freedom I am convinced he has put his heart and soul into producing a comprehensive
and thorough account of the Internet Marketing landscape.
If you are new to the IM game I would strongly suggest
you take heed to what Marcus has to offer and do not stray from what the offer until
you FULLY digest and comprehend what he has laid out in an easy to follow systematic manner.
I do not say this lightly either if you are a "NEWBIE"
do not attempt to move on from Marcus' teachings until you fully comprehend
what he has to say otherwise you will end up sailing the sunset without a rudder, lost and confused.
If you are an IM'er lost and confused than Marcus provides a detailed "system"
for you to follow and profit from and for the more advanced student of Internet Marketing
maybe we can convince him to part with the Rights so we can share it with others as well...
In parting I would like to highly recommend Marcus' work and praise him for the level of material he has to offer.
Take Care and Stay Strong
Rod Francis
http://theimdude.com
|
|
|