Monday Money Minute: Financial Independence

As you celebrated Fourth of July, did you consider what it means to be independent? We mean truly independent. Can you be truly independent if you are in financial debt of any kind? Are you independent if you are financially reliant on someone or some entity?

Inspired by last weekend’s Independence Day celebrations, we discuss the value and importance of financial independence and what it means to us. Yes, when the Debt Free Guys watch Fourth of July fireworks, we still talk about personal finance. Along our financial journey, we have discussed our various personal goals to get to our long-term goal of financial independence. Each of these successive goals led to the next goal, all of which lead to our long-term goal. Our long-term goal is to be financial independent, to not have to answer to anyone or anything and live our lives as we wish.

What’s your definition of financial independence? What would it mean for you to achieve financial independence? Let us know in the comments section below.

The Monday Money Minute is the Debt Free Guys’ way of inspiring you on the toughest day of the week to stay true to your personal finance and life goals. Please let us know your thoughts, questions and comments. We would love to hear from you. And, who knows? Maybe you will be the inspiration for the next Monday Money Minute.

Comment List

  • I think this week will be the week we really start to consider the investing options that are available in real estate. We’ve been devotees to Bigger Pockets for the last month. Given our DIY nature, real estate is a good fit, so I think that we’re going to spend significantly more time learning about real estate investments!

  • After devoting 16 years to paying off debt through working for others, now the plan for the next 4 years is to purchase assets that will pay me so I can quit my job and so what I want at 42!

    • David Auten 29 / 08 / 2015 Reply

      Awesome that you have a plan and are not just stopping once you have the debt paid off. We wish we had been a bit more diligent with this when we finally got out of debt. Although we did then, put money into buying our home, which has been a #MoneyConscious choice for us. Thanks for the comment. Feel free to share the post. 😉

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