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Financial Independence With A Family: What Is It?

Financial independence often brings to mind early retirement, traveling around the world, and lounging on the beach.

For us at FamilyFI, financial independence equals –

  • Security
  • Confidence
  • Freedom and Ownership of time
  • Autonomy
  • Choices
  • Minimal Money Stress

On all of these counts there's a spectrum. Maybe you can choose what to do with your time, but to continue your lifestyle you live in a low cost area or country.

Once you have children, the definition of independence changes again. We found out prenatally about our youngest daughter's down syndrome diagnosis and were urged to terminate but did not. In some ways you could say we chose this path. Though the truth is, I feel like the path chose us. And it's been a blessing.

Of course single folks are connected and responsible to their families as well, including perhaps children or partners.

I decided at a very young age that I would be financially independent, because I saw the stress and problems it triggered in my immigrant family.

I carry that resolve and mindset with me, which keeps me positive even with financial setbacks and lessons learned. If I lose the money I've saved, I can make it back.

At the end of the day financial independence is not just dollars and cents. It requires a little imagination as well, a motivation and belief in the dream.

Because making money is earned from being of service to others. And I believe anyone can find a way.

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