What does this even mean? How do we define what “financially free” is?
The best definition we can provide is this – there will be a number or figure which will be the level of wealth you need to reach which will be sufficient for you to live the rest of your life without having to accumulate any more wealth.
If you can hit that number, you will be financially free.
In the US, many financial commentators consider this number to typically be around $5 million. That translates to around £4 million in the UK. Sounds scary? Seems way out of reach?
In this bitesize guide, we wish to outline four key steps which will help you get to your number, whatever figure that may be.