MoneyGab Definitions: What does ‘financial independence’ mean?

Financial independence has two meanings.

1. You won’t outspend your saved up resources.

2. The dividends you receive from your investments is equal to, or greater than, your current spending output. That is, you can live off of the income generated from your financial products alone.

- Nate

Any other definitions you can think of?

Tags: definitions, financial independence