A lot of people want to be financially independent but not everyone knows what it means. It is more important to have sufficient resources to live life as you see fit without worrying about money than it is to simply have a large salary or an impressive net worth. When your savings or passive income can comfortably cover your expenses you will have achieved financial freedom and be able to make decisions based on your true desires rather than your need for money. Understanding the Concept of Financial Freedom: It is common to confuse financial freedom with wealth but the…