Financial independence is the ability to live from the income of your own personal resources.
To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence.
My definition of financial freedom is simple: it is the ability to live the lifestyle you desire without having to work or rely on anyone else for money.
If you want to be financially-free, you need to become a different person than you are today and let go of whatever has held you back in the past.
You become financially free when your passive income exceeds your expenses.
Financial struggle is often the direct result of people working all their lives for someone else.
If you are not financially independent by the time you are forty or fifty, it doesn't mean that you are living in the wrong country or at the wrong time. It simply means that you have the wrong plan.
The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.
Your economic security does not lie in your job; it lies in your own power to produce - to think, to learn, to create, to adapt. That's true financial independence. It's not having wealth; it's having the power to produce wealth.
Financial freedom is freedom from fear.
At least eighty percent of millionaires are self-made. That is, they started with nothing but ambition and energy, the same way most of us start.
To be wealthy you must develop a burning desire for wealth and financial independence.
A tragic irony of life is that we so often achieve success or financial independence after the chief reason for which we sought it has passed away.
... true financial freedom doesn't depend on how much money you have. Financial freedom is when you have power over your fears and anxieties instead of the other way around.
Financial security and independence are like a three-legged stool resting on savings, insurance and investments
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
An investment in knowledge pays the best interest.
I remember saying to my mentor, 'If I had more money, I would have a better plan.' He quickly responded, 'I would suggest that if you had a better plan, you would have more money.' You see, it's not the amount that counts; it's the plan that counts.
Financial independence is about having more choices.
The rich invest their money and spend what is left; the poor spend their money and invest what is left.
I work hard, I make my own living and I love it. I like having financial independence.
Too many people spend money they haven't earned to buy things they don't want to impress people they don't like.
My feeling is that maintaining financial independence is also a healthy way to keep my feet on the ground.
True independence and freedom can only exist in doing what's right.
In July, 1892, fate suddenly granted me financial independence.
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