29. What is financial independence and how can I achieve it?

Quick Answer:
Financial independence means your assets generate enough income to cover living costs.

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Learn More:
When investment and passive income equal expenses, work becomes optional. Achieving it requires frugal spending, high savings, and steady investing. Calculating your “FI number”—annual expenses × 25—gives a benchmark. Findex consolidates income and expenses, helping users measure how close they are to genuine independence.

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