6 Questions to Know If You're Ready for Financial Independence
Money Guy Show
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Understanding Financial Independence
This chapter explores the critical distinction between net worth and financial independence, stressing that one can possess a high net worth without being financially independent. It emphasizes the importance of liquid assets and cash flow over property value and discusses how personal finance is a highly individualized journey. Additionally, the chapter examines the implications of income levels on financial planning, including the impact of tax burdens and strategies for successful decumulation.
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