Financial Freedom! Say those two words to yourself; savour them mentally, even as you vocalise their five syllables.
To many, financial freedom means not having to work for a living anymore. They dream of stepping off the treadmill of going to work everyday to pay the bills. Some may want to escape from the stresses of the job or unpleasant working conditions. Others may desire to spend more time with their families and pursue their personal interests.
So, what precisely do we mean by that catch phrase? Two things.
From your perspective, achieving financial freedom means building an investment portfolio successful enough to generate sufficient passive income to cover all expenses. The moment you achieve this state, you will no longer be shackled to a job you hate. You can choose to follow the dictates of your heart and labour only at what fills you with passion and significance. It is, we think, the best way for you to leave a lasting legacy.
At Public Mutual, we advocate financial freedom through our FP Advisor and Education & Retirement Planning CD-ROMs (software version) as well as FP Worksheet (print version), which are designed to guide you on your way to realising financial independence.