Financial Freedom

Cherish the Freedom. Fly

Financial Freedom. is it a distant reality. or is it a virtual reality. in fact, it is an actual reality and can be achieved thru discipline and patience. The sooner you achieve financial freedom. the more years of your life you can freely enjoy. 24/7, 365 days a year.

What is financial freedom. in my understanding is the amount of wealth you will need and which will support you the rest of your life. This wealth will meet all your expenses for the remainder of your life. People will say no amount of wealth is sufficient. but if the net return from your total portfolio is more than the inflation. then this wealth will last your entire life.

Say by the age of 50 you have a net savings of 5 crore. I have shared an article of you can build 5 crores by retirement. a few tweaking of the figures and you can achieve 5 crores by the age of 50. Below is the mentioned link.

Based on financial calculators, your wealth will last forever with these values

• total wealth Rs 5,00,00,000
• monthly current expenses Rs 2,00,000
• rate of return from investment 14%
• rate of inflation 7%

Keeping all values constant except rate of return, your wealth will last for

• 58 years if the rate of return from investment is 13%,
• 37 years if rate of return on investment is 11%
• 26 years if rate of return on investment is 9%
• 20 years if rate of return on investment is 7%