All About Financial Independence, No bull, No Sell
Some people work their whole life, while others retire early. Some people retire and live comfortably, while others have to depend on children and friends. The second group is financially independent, the first group is not. What makes the difference?.
- Is it because one group is smart, the other not smart?
- Is it because one is hardworking, the other not?
The answer is neither: intelligence and diligence are not the key success factors in financial independence.
Observations of people over several generations simply suggest this: Financially independent people have recurring income from investments. They have investments because they saved, and learnt to invest. They were able to save because they spent much less than they earned. Finally they were able to have good earnings because they learnt.