What financial freedom means
In the 21st century, the concepts of time and money are being redefined. "Financial Freedom", is a term that has gained much importance in the changing financial scenario.
"Financial Freedom" means freedom from ongoing financial responsibilities through planned management and asset allocation. It frees a person from back-breaking work by giving him/her a stable source of income for life.
One should not think that a debt-free person is also debt-free. However, his prudent asset management ensures that his debts do not become a burden, but only a part of his overhead. In this way, your debts do not hinder your long-term financial goals.
Financial freedom cannot be equated with being rich. Don't forget that excess wealth requires constant monitoring. In the long run, a rich man's obligations do not make you "financial and free" in the true sense.