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Topic : Personal Finance
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Asked by : M NITIN SHENOY, PMP, IPMA-D, CEng MICE, Manager
Industry : Asset Management
Functional Area : Getting Started
Activity: Question posted: 06 24 2009 12:53:37 +0000, 31 answers, 1984 views, last activity 12 08 2010 10:27:21 +0000
 
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What do you mean by FINANCIAL Freedom..???

How do you achieve them.. and when do you declare that you are financially free..

Kindly elaborate on your views...!!!

 
 Top Answer :
Rating : +4 

Rajeevs Answer holds really good, "WHEN YOUR MONEY STARTS MAKING YOU MONEY" then it is called Financial freedom, believe me i am into investing...the way one makes money in this is like real good, but then it has its own risks...every one has different perception on Financial freedom, but when your money is making you a lot more money feels real good...that is Financial freedom for me....



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by   Jyoti Rath, Sr. Associate, Barclays  | 06 25 2009 13:05:36 +0000
  Answered by     deepak kumar lamba, Construction-Construction Management, Project Monitoring, ISOLUX  | 12 08 2010 10:27:20 +0000
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it means that u dont have work for money , rather money will work for you.

if any one is interested, you can come and join us, we are a group of people working towards this goal of becoming financially free and making others financially free.

Deepak Lamba

Delhi,Gurgaon & NCR, Bangalore, Kolkotta

  Answered by     Seema , Partner/Principal/VP, Angel Associates  | 12 01 2010 06:40:14 +0000
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Most working people dream of this thing called financial freedom. It certainly sounds like something we'd all want. But have you ever stopped to really think about what it means? It can mean different things to different people, so before you spend time looking for it, maybe it's worthwhile to examine what the concept really means to you. After all, it's hard to find something if you don't know exactly what it is!

  Answered by     anamika ahlawat, HR Executive, MYFLEXIJOB.COM  | 11 30 2010 07:40:09 +0000
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WHERE MONEY START MAKING MONEY..WHERE WE DON'T HAVE TO THINK TWICE BEFORE EXPENSES WHERE WE DON'T HAVE TO MANAGE THINGS..I CALL THAT FINANCIAL FREEDOM

  Answered by     Veena Kudav, Advisor/Outside Consultant, DXN  | 11 30 2010 05:42:59 +0000
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Financial freedom you can get through networking business where we don't invest any finance. if you are following right steps of networking you get time freedom,money freedom.

In our network company lot of changes had happened is networker's life, from a middle class person they are  earning lakh of rupees per month.

as per my opinion you get sucess when you stay with one company network.

  Answered by     siva raman, Snr Finance Manager, Energy City Qatar  | 08 24 2009 18:31:10 +0000
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Financial freedom is not about having enough dough. The word enough is very hard to define.

It is not even about making both ends meet. Because your ends do not depend on you - partly on cricumstances and partly on imagined or perceived wants. As long as the compulsive needs are not satisfied, even though ur ends meet, you dont have financial freedom.

Again the modern marketers do not want you to be sitting at home satisfied.

I think financial freedom starts from perceiving your life in non-financial absolute terms. for example if i perceive that i need a car that is a specific financial need. whereas if i perceive i need a mode of transportation, we have more options open and may be a zero cost alternative too can exist. Again the source of these needs also do have a bearing. if i need a car, simply because my neighbour has one, then i am not going to have any freedom at all.

Hence i believe you will start the freedom from the oppression of artificial wants, then you have financial freedom.

  Answered by     taranath joshi, DGM Operations, EOL,  | 08 21 2009 15:48:10 +0000
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For me, financial freedom is a special feeling.

If we go to the most remote part of rural India and see their life style, we perhaps will understand financial freedom. They dont need money at all. They have cattle in their sheds for milk, grow paddy or grain for their daily needs, have attachment with their fellow beings and exchange work with old 'Barter' system like exchanges. If somebody does help in cultivation, they will not pay anything but go to the other's house pay him back by work..etc. etc. They come to semi urban cities once in a week or month etc.....Ultimately, they are free from Financial aspects.

  Answered by     C Nijagunaradhya, Asst. Manager, Aarvee associates  | 08 21 2009 15:36:15 +0000
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No problems with your funds/bank balances,.etc. A stage where one has the resistance to bear his/her future expenses easily in the simplest manner even in terms of taking care of other members of your family without depending on others. Long term planning and investment , past savings from your income,.etc will make a person achieve this freedom. 

  Answered by     Punit Gupta, Manager Construction, Wital See Marketing Limited  | 08 20 2009 11:33:23 +0000
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What i think is financial freedom is.... its simple... when you dont have to worry about money anymore.... your all money related problems are gone.....

  Answered by     Pragya Kothari, Construction-Heavy, DLF  | 08 19 2009 08:40:46 +0000
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I simple terms, I believe financial freedom is all about how much independence you have to invest the money you have....

  Answered by     Ankit Gandhi, MBA student, Omegan School of Business  | 08 19 2009 02:26:28 +0000
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Financial Freedom is all about what you have right now in your hand and how much you are capable to fulfill your dream at extreme level. Financial freedom is also deal with the ways where you are going to invest so that should also be consider in your financial freedom.

 
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