What category does Financial Independence belong to?

Financial Independence belongs to the "Concepts" category in personal knowledge management and productivity.

What are the key topics related to Financial Independence?

Key topics related to Financial Independence include: finances, lifestyle, goals.

What are alternative names for Financial Independence?

Financial Independence is also known as: FI, FIRE, Financial freedom.

Financial Independence

Having enough income from assets to cover living expenses without needing to work.

Also known as: FI, FIRE, Financial freedom

Category: Concepts

Tags: finances, lifestyle, goals

Explanation

Financial Independence (FI) is achieved when investment income or passive income covers living expenses, making work optional rather than necessary. Part of the FIRE (Financial Independence, Retire Early) movement, it emphasizes high savings rates, frugal living, and investment. For knowledge workers, FI isn't necessarily about early retirement but about freedom - the ability to choose work based on interest rather than necessity, take risks, and pursue long-term projects without financial pressure.

Related Concepts

Ikigai
Life Design
Essentialism

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