But,\nindividually are we truly independent?<\/em><\/p>\n\n\n\n For\ninstance, are we financially independent?<\/em><\/p>\n\n\n\n I have met several people and realised that\nwe are not financially independent as we haven\u2019t attained financial freedom. <\/p>\n\n\n\n Financial independence comes from financial\nfreedom, which represents the ability to earn a livelihood that enables you to\nlive a comfortable lifestyle. However, the notion of financial freedom is\nsubjective and not defined only by earning a substantial income. <\/p>\n\n\n\n More importantly, financial freedom paves\nthe way for financial independence. <\/p>\n\n\n\n [Read<\/strong>: 8 Key Lessons On Financial Freedom From \u2018Rich Dad, Poor Dad\u2019<\/a>]<\/p>\n\n\n\n And financial independence is the\ncapability to be self-reliant, completely debt-free, and enables you with the\npower to fulfil the envisioned financial goals<\/a> —buying a\nhouse, a car, travelling abroad for leisure, providing for your child\u2019s education\nneeds and future wedding expenses, handle exigencies, and sorted about your own retirement<\/a> so that you do not have to depend on\nanyone.<\/p>\n\n\n\n Now a point to note is, while financial\nfreedom is psychological and unquantifiable, financial independence is\nquantifiable and, therefore, can be planned.<\/p>\n\n\n\n In today\u2019s times, it is extremely important\nfor every individual (man and woman — teenagers, married, single, separated,\nwidowed, divorced) to be financially\nindependent irrespective of their economic life cycle.<\/p>\n\n\n\n Everyone\naspires for financial independence, but seldom does one manage to attain it. <\/p>\n\n\n\n So\nhow can you attain financial independence?<\/em><\/p>\n\n\n\n One can achieve financial independence with prudent financial planning<\/a> and acting on it. <\/p>\n\n\n\n Let me reiterate, how to go about with it.\n. . <\/p>\n\n\n\n Remember, financial independence empowers you.<\/p>\n\n\n\n \u201cFinancial security and independence are\nlike a three-legged stool resting on saving, insurance, and investments.\u201d\u2014<\/em>Brian\nTracy (the Canadian-American sales & marketing guru, motivational speaker,\nand author).<\/p>\n\n\n\n Financial independence gives us the freedom\nto utilise our hard-earned money the way we desire. It is important to lead a\nrespectable life and to be financially prepared for any unforeseeable circumstances as well. <\/p>\n\n\n\n Note\nthese points if you want to lead a financially independent life: <\/p>\n\n\n\n Financial independence is within your reach if you save and invest diligently with small amounts via SIP<\/a> and avoid tiptoeing. Wealth building is a gradual process, so don’t be taken in by the fancy of structured products. <\/p>\n\n\n\n If you can\u2019t devote time for comprehensive research and lack the necessary skills, seek guidance, approach a financial planner. Reach out to a certified financial guardian\u00a0<\/a>who is a mark of trust and respect, who exemplifies high fiduciary standards at all times. <\/p>\n\n\n\n![\"\"](\"http:\/\/blog.certifiedfinancialguardian.com\/wp-content\/uploads\/2019\/08\/6-Steps-To-Your-Financial-Freedom-500.jpg\")
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