Seeking Financial Independence in an Uncertain World
As the world at large has learned in recent months, unexpected events can alter the intended trajectory of our lives in a moment's notice. These life-changing transitions impact our finances in many ways. When life transitions happen, being financially independent can help you weather the storm and regain the stability needed to begin adjusting to your “new normal”.
Financial independence is typically defined as having enough resources to make working optional. Having this financial security translates into flexibility and freedom. It allows us to be self-insured against a financial catastrophe and take care of those we love when they might not be able to. It gives us the peace of mind that our spouse will continue to live comfortably in our absence. It even grants us the ability to set up our own long-term care in the way we feel most comfortable without becoming a financial or physical burden on our family members.