Financial Independence can mean different things to different people. But in general, having adequate money to fulfill your goals and desires is the closest equivalent of being financially independent. It is also having enough money in times of emergencies. In short, it is being able to handle all the financial needs without any hassle.
Not everyone is financially independent. Most of us depend on other people or other factors in some or the other way for our financial needs. Everyone needs to manage all our financial needs with a certain level of independence. With that said, investing is one of the best ways to achieve financial independence. Investing not only helps us reduce our expenditures but also builds our wealth.
Everyone can start investing. You don’t have to accumulate a large sum of money to start investing. You can start with Rs.1000 monthly SIP and begin your journey towards financial independence.