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Understanding the Freedom Number for Financial Independence
The freedom number represents the minimum amount needed to pursue the desired lifestyle. It empowers individuals to determine how much they need to make to start their own business or focus on their passions. The freedom number typically covers savings, living expenses, and entertainment. It varies based on individual circumstances; for instance, starting at $3000 for some and going up to $10,000 for others with more financial responsibilities. Discovering and setting your freedom number is crucial as it is more achievable than commonly thought.