Are you financially Independent?

what do you mean by financially independent? are talking about robet t kiyosaki cashflow quadrant? i am still an employee right now. and yet i try myself to have others incomes source as financial consultant for an insurance company. this financial consultant jobs is kind of business for me.since it has flexible time and i can get unpredictable income, buy recruiting more and more financial consultant under me.

Hello my friend Dasari100 Ji, Like you, I have passed that stage, now I am grand-mother, and do not have much problem. But your discussion is quite encouraging taht on emust starve to resolve self dependency financially. You might have just completed your studies and looking for a job, Job of your choice, suiting to your status etc. But at present whole world is under dyre recession and best is to pick up any job to start with. So that you can be on yourself. I wish you success in yourlife. May God bless You and have a great time.

If we were financially independent, we shouldn't have been wanting to be here in mylot to earn. I'm not financially independent as well, I earn too low and I know I need to look for more, it isn't easy.

Actually, we are the same. I am not financially independent too. I am dependent with my husband as he is the only one who has job. I quit working last year. Since we were married we both are working but as I have little kids and hard to find somebody responsible to take care of them, I decided to quit my job and be with my kids. Life is hard when only one is working. I am not financially dependent.

Seems like you are digging more info from mylot members, aren't you?

I am 27,but I am still a student.In my opinion,everyone need independence early or late. It's not important if you are indepandent,but if you want to be independent.if you want to, everything will be happened.

From the responses here, it is obvious that there are various definitions of "financially independent". BusinessDictionary.com lists this definition: Individual or family that can provide for, from its own resources, at least two of the three major expense categories: housing, food, and other living expenses. An article on Nightingale.com says: Financial=Pertaining to the science of managing money; Independence=Freedom from assistance by others. So financial independence means the ability to manage your money in such a way that you have sufficient funds to live your chosen lifestyle without assistance from others. In other words, enough money to meet all your needs whether you work or not, because a job is really assistance from someone else — your employer. I tend to lean toward the thinking that financial independence is when you have sufficient funds to live your chosen lifestyle without the assistance of others - whether you work or not, because as the last source says, relying on a job for your income is actually dependence on others.

Im not financially independent yet, but my goal is to get financially independent or my term is financial freedom. I just start to write a blog to share with people about financial planning and hope that we can be towards financial freedom together. Visit to my blog if you have time :) http://leekk8.blogspot.com

No, not yet. But of course I hope to be at some point in the future, like most people. I work slowly towards it every day, by trying to earn more, saving and investing.