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What is Financial Freedom?

Financial freedom is a term now used very loosely. It is no longer about getting and being only rich. It is not about having more money or great amounts of wealth stash away somewhere.

Financial freedom to Strategy Of Wealth.com is the ability to not worry about money matters at all and the choice to want to work for an income or no income versus the need to have to work for an income.

Financial freedom need not necessary be a person who has millions. If a person can have say a monthly passive income of $1,000 per month with or without any work and satisfies the above definition, that person is considered financial free.