Term
Financial independence
The point where income from your investments covers your living costs and you no longer have to work.
The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life, JL Collins
Explained in
- The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life, JL Collins
- Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence, Vicki Robin, Joe Dominguez
For the authors, the state in which income from investments covers the cost of living and you no longer have to work for money.