I’d like to make and entry about this, as I can see that the term “financial independence” is being used by some folks to mean “I earn my way with my own hard work”, while others are using it to mean “I don’t need to work any more”.
My goal is the second one. I’d urge anyone to read Robert Kiyosaki’s “Rich Dad, Poor Dad” and “Cash Flow Quadrant” to get clear about this. It’s like a secret hiding in plain sight.
I’ve been independent for years, but it’s only in the last few months that I’ve understood what financial freedom means, and how I’d need to change my thinking to achieve it. But I have changed my thinking, I’m acquiring a new education, and it’s paying off. I’m building assets that will continue to put money into my pocket when I’ve stopped building them, and I’m looking into giving up work (swapping my time for money) by the middle of 2008. In other words, I’ll have achieved more in 18 months that I did in the previous 30 years.