I just read the book Financial Freedom: Talks With People Who Don’t Have To Work Anymore.

The author Gisela Enders interviewed seven Germans who generate enough income from investments to cover their living expenses so they no longer have to work for money. It was originally written in German and being translated into English. (Which European will talk to strangers about their money except the Germans?)

It was a good read and I could fully resonate with the experiences and views of the financially free people featured in the book.

The real meaning behind financial freedom

There are three things to prove that you have attained financial freedom:

1. You no longer have the need to work.

Financial freedom is not equivalent to wealthy. It simply means your current and future expenses can be covered by your income and savings, so you don’t have to actively go out to work.