What does it mean to be financially independent? Simply put, it typically means you don’t have to work a regular job to maintain life’s necessities. That might sound like retirement, but it’s a little different. Financial independence offers freedom to align your time closer to your values and passions, which may still involve working. This might be more time with family, pursuing projects or hobbies, engaging in philanthropy or just punching the nine-to-five clock less often. Really, there’s no wrong answer so long as the individual feels financially free to follow their whims. Most importantly, financial independence means Canadians can minimize their most common stressor. In an ever-challenging ecosystem of geopolitics, culture and climate, any stress reduction could be more than welcome. Keep reading here to find out how to achieve it.
