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  • What is your plan for financial freedom?

    Kaustubh Katdare

    Administrator

    Updated: Oct 26, 2024
    Views: 1.1K
    Financial freedom is, in short, making money work for you than you working for money. That means, you won't have to go to work to earn money.

    Have you thought of this? Is it possible? If yes, what's your plan to achieve that?
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Replies

  • sushant005

    Member • Aug 19, 2010

    Well i think financial freedom can be achieved but it depends on the individuals annual income and the way in which he/she saving their money monthly or annually.
    And the major thing is that we are observing that the cost of living is also increasing at the rate of 7-8% annually so the plan for achieving also depends upon this factor otherwise it may not be a successful financial freedom.So in future the rate of cost of living may increase then today's beyond the expectation of individuals plan.

    I haven't thought o this.But ya it is possible but depends upon some factors.
    Now i am still a student so for me no plans. but ya may be in future after completing my studies.
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  • Kaustubh Katdare

    Administrator • Aug 19, 2010

    Surely, saving is not the best thing to do.
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  • Leo

    Member • Aug 30, 2010

    I also believe just saving is not the best thing. By the way i think this is not the question to be asked, because we must not tell our plans to other before success because if it appears successful plan many people will try to attempt it and will surely lead to failure of plan, 100% practical thing. If someone wants to tell his plans then matter is otherwise else i surely think very few people will ever bother to answer this question.
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  • rishi0922

    Member • Sep 8, 2010

    Well I think everyone in the world wants financial freedom. But financial freedom is only possible when one have lots of money to spend around. Or we can even say that financial freedom is a kind of business by making money work around us. When a general person spend money on share market then he/she dosen't know that what will be going to happen with his or her money, or who will do anything with that money. They only know that when the share market will be high then if at that time share will be selled then they get higher value of money. So this is also a type of financial freedom.
    But a general working person can't think to be financially free.......these are only for a big business names........./
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  • Kaustubh Katdare

    Administrator • Sep 8, 2010

    I think everyone can achieve financial freedom. It does not necessarily mean that one should earn lot of money. Say, even if you could earn enough to sustain your lifestyle without having to go to work - you've achieved financial freedom.
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  • rishi0922

    Member • Sep 8, 2010

    is there any way so that a person can earn money by sitting at home ?
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  • Kaustubh Katdare

    Administrator • Sep 9, 2010

    rishi0922
    is there any way so that a person can earn money by sitting at home ?
    Yeah, if you could build a popular blog, you can easily earn money sitting at home. ShoeMoney, for example earns about 40,000 USD per week just through his popular blog. Everything is possible online! 😀
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  • Mayur Pathak

    Member • Sep 10, 2010

    I think every salaried man has achieved a financial freedom. His needs revolve around his monthly pay packet and increments. 😀
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  • Leo

    Member • Oct 11, 2010

    The_Big_K
    I think everyone can achieve financial freedom. It does not necessarily mean that one should earn lot of money. Say, even if you could earn enough to sustain your lifestyle without having to go to work - you've achieved financial freedom.
    I agree on this.
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  • millionaire

    Member • Mar 2, 2011

    i think financial freedom is a kind of income security. not a job security. i.e u will get money whether u work or not.
    this can b achieved by just managing where to invest money or having a firm of ur own. bt this also requires money.
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  • Kaustubh Katdare

    Administrator • Mar 2, 2011

    millionaire
    i think financial freedom is a kind of income security. not a job security. i.e u will get money whether u work or not.
    this can b achieved by just managing where to invest money or having a firm of ur own. bt this also requires money.
    An old thread, but I personally love it 😉 . Financial freedom is more about passive income, I guess.
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