personal finance
financial independence
Having enough wealth or passive income to cover living expenses without needing to work.
Example
"She achieved financial independence at 45 by saving aggressively and investing in index funds."
💡 Memory Tip
FINANCIAL INDEPENDENCE = money INDEPENDENCE. You don't depend on a paycheck to survive.
Etymology
Financial (relating to money) + independence (freedom from dependence) — freedom from financial dependence on employment.
Common Misspellings
financial independancefinancil independencefinacial independence
Related Terms
See Also
FIREretirement