Why many people do not experience Financial Freedom ?

Well we all have been planning for our pre-determine financial goal no matter whatever it is, either it is for our family, for education, or for retirement or anything of one's need . And for planning your age does not matters. If you are of 18 or 25 or 40 or of any age group, you must have  plans and investments in various kinds of funds and financial assets or planning to do some sort of investments so that you can secure your needs and requirements. Right. 

Well I will be not addressing any kind of investment or something where you should invest. Rather talk on financial freedom. I am quite sure that at some point of time you must have experience the Financial crunch in your life and if not then you might be the one who knows to plan finances efficiently and effectively. But have you ever experience the freedom from planning your pre-determine financial objective or imagined if retiring before 60 or doing what you love to do the most irrespective of thinking about money.

You must have, but it might be difficult for you to do with your current income status. And if not and also you don't know about finance then think once again.

So how much a person should earn according to you to obtain financial freedom? A lot of money right. But how much ?

The answer might be different. For a low income group person it might be ₹10 - 20 lakh. For a middle income group person it might be ₹10 - 20 crore. And for a high income group person ₹100 - 110 crore. So the person wgo earns more income is said to be having financial freedom.

But truly speaking, it's not. No matter the income is higher or lower it never ever decides a person is financially free or not.

   And that's the reason why maximum people have never experienced financial freedom.

For getting it more clear, consider this example. Will you called Sunil Bharti Mittal of Bharti Enterprises or simply Bharti Airtel a financially free person. You might call him. But to me, in my views he is not. WHY ?
Because if he tries to shut down the operation today and close his business, will he be able to do it ? No, because he has to pay the debts which is more than his operation cost, a thousands of employees rely on him.
But if someone who earns ₹10 lakh per month as passive income and it increases as per the time. And so he decides to leave his main source of income, will he be called financially free ?

Yes, because he has to no longer  work for money. No one rely on him for his source of income or even if his expenses increases in future, accordingly his income will also increase. And suppose that if his income does not increases then he is also a person not experiencing financial freedom . Because as per the time the expenditure increases as needs increases and a stagnant or a less increased income can never full fill the needs of any person.

And that is the real meaning of financial freedom. Financial freedom means that you get to make life decisions without having the fear of financial impact because you are prepared. You control your finances instead of being controlled by them.

So till now you might have  understood that being a rich person or earning a lot of money cannot guarantee you financial freedom.

While considering the financial freedom you must not consider or believe the myth that, after getting the financial freedom you are no longer needed to work or manage your finance. Because to earn money you have to work and also to earn income through passive sources you have to work. Because your income should increase as your expenses increases. And also you are financially free till the time you are able to manage your finances efficiently and effectively.

You must also remember that meaning of financial freedom is different from person to person. There is no specific goal or objective or something else as general. It varies from person to person. For one might be financial freedom is to buy branded clothes without seeing the tag and for other it might be to live a ordinary life, while having a lot of money with him.

So financial freedom varies from person to person similar to the different thoughts. Every human being think differently according to his demands and no two beings can have similar thoughts.

Or to the broader view, rich is a subjective term whereas financial freedom is a myth. But this myth is very important for all of us. As it leads the individual to attain the stress-free life and get the wonderful experience.

To attain financial freedom one must have 

1.) Particular source of income
2.) Skill of managing finance.

3.) Investment in financial assets

The skill of Managing finance is very important to attain the financial freedom. As by learning this skill only you can be able to make smart investments. And the investment is the only way to create wealth. You can earn money by being employed, self-employed or through business but you can only create wealth through investment. And you must remember that an effective investment does not mean that to keep your money with bank, instead the investment in financial assets like Real Estate, Stocks , Mutual Funds etc. are the effective investments.

And this requires the skill of Money Management.

So you must focus on learning and investing on yourself. As the investment in human resource is the best and only great and most important investment in the world that you can do to create wealth for yours.  And by doing so you can attain the financial freedom.

Comment below and let me know what does the Financial Freedom meant to you?
And what is your greatest investment you have made ?