Meaning Of Financial Freedom.

Financial freedom is an idea that has become linked with wealth creation and its use has increased recently. The term is a description of a lifestyle which is planned around what we want for ourselves, it usually also indicates that an individual is in complete control of their income. Financial freedom carries with it the idea that one can be free of �money worries� as long as there is a source of income that can resource the desired lifestyle. Wealth creation then becomes a method of establishing this financial resource.

The idea of financial freedom does not necessarily mean that you are free of debt. However, it does mean that you will have to redefine debt as one of your lifestyle expenses. If you have debt then it has to be constantly considered. By creating wealth and acquiring financial freedom the focus is moved from debt being a burden and to an expense. This is then reflected in our wealth creation goals.

Financial freedom is often perceived and equated to being rich however this is a misconception. We know and understand that rich can mean having a number of millions in bank accounts. However remember that financial freedom is about having the financial resources to live the lifestyle you desire. For many people their expenses and running costs could mean that they are restricted and not as financially free as first appears. Therefore financial freedom is an idea that is linked to your desired lifestyle. Financial freedom is about your expenses and the amount of money you have to cover them. This view is crucial in wealth creation and in forming wealth creation goals. So depending on your desired lifestyle financial freedom is not as difficult to achieve as many initially think.