Financial freedom, meant to be a synonym used for without having to worry about earning for daily bread or any kind of basic necessity. This generally is found with people who have got freedom financially through hereditary, or with those people who invest the money intelligently to get good returns. A person’s assets and liabilities are the main factors to ascertain if he/she is financial independent. Assets can be liquidated if in debt. Age is not the criteria of gaining financial proficiency, it is simple to say if you generate money more than your needs from other than primary occupation then you are financially free. Inflation is also to be considered every year for gaining freedom, because spending will vary from year to year. There are two ways by which we can attain financial freedom, accumulating assets or reducing the expenses. There is another way of achieving financial independence is through generating money by passive source of income. Like putting money in stocks or shares, which provide healthy dividend quarterly, rent an owned property, fixed deposits, royalty, pension, patent licensing or working part time. The best thing is plan and work for your retirement well before actually getting retired. Start saving enough for your retirement from right now, which can also become available for emergencies. investing