204k views
20 votes
The path to financial freedom is where you stop working for money, and money starts working for you.

true
false

2 Answers

8 votes

Final answer:

True. The path to financial freedom is where you stop working for money, and money starts working for you.

Step-by-step explanation:

The statement, "The path to financial freedom is where you stop working for money, and money starts working for you," is true.

Financial freedom is the state of having enough wealth to cover your expenses without relying on a traditional job or paycheck. It means that your passive income, such as investments or business ventures, is sufficient to sustain your desired lifestyle. When you reach financial freedom, you have the flexibility to choose how you spend your time and pursue your passions without worrying about income.

To achieve financial freedom, it is important to build multiple income streams that generate money even when you are not actively working. Examples of such income streams include investing in stocks, real estate, or starting a profitable business. By focusing on building assets and making your money work for you, rather than solely relying on active income, you can move towards financial freedom over time.

User Harryisaac
by
7.5k points
10 votes

Answer:

True

Step-by-step explanation:

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User Nevos
by
6.6k points