What’s the difference between financial independence vs freedom?

This is a RARE question that is NEVER asked
because people just assume that it’s the same.

But knowing the difference – spells the
difference between “pwede na” vs. “this-is-the-LIFE!”

So What’s Financial Independence?

Independence means that you’re able to earn
for you and your family’s needs and wants in life.

You don’t financially depend on anyone, not on your
parents nor any relative. Not on loan sharks,
nor money lenders.

You completely earn everything you spend.

And if you’re able to do this – that means
you’re financially independent. Good job!

But it’s better to have FREEDOM.

Freedom also means being able to earn
for what you and your family needs and wants.

But there’s an additional condition.

It’s only freedom, if you don’t have to work
for the money you’re earning every single month.

That’s called “passive income”.

Meaning regardless of whether you work or
not, the money arrives in your bank account.

People do this by renting out properties and
get a monthly income from their real estate.

While others do this by running a business
where other people work for them.

It’s also possible to do this by investing
and letting your money earn more money for you.

There’s a whole lot of different options.

The main point is: Your time is not tied to your income.

And when 100% of your expenses can be covered
by your ‘passive income’…

That’s the state of having total financial freedom.