12/21/2010

Being rich and being financially free

Financial freedom is not simply being rich. There are many rich people who are not financially free. To have financial freedom wealth must be invested in areas which will give you passive income.

You are not free if you have to work for money or your money is at risk. Financial freedom is having enough to afford lifestyle that you want without having to work.

Thus being RICH is having lot of capital and being FINANCIALLY FREE is having a lot of capital in things that will give you income safely and continuously....

Taken form a book Get rich, Stay Rich by Baker... Good to read. Above mentioned is is the crux of this book.

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