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Financial freedom is a goal that many strive for, but achieving it does not happen by accident. The common misconception is that simply saving or cutting back (“skipping your morning coffee”) is the key to achieving financial independence. However, that is far from the truth. To truly achieve financial freedom, invest early and create enough passive income to cover your lifestyle expenses. Investing in a variety of assets including the stock market, bond market, real estate and side business can create consistent cash flow throughout your life.
This article examines the importance of investing for financial freedom and addresses some of the misconceptions surrounding the journey to financial independence.