8 Levels of Financial Freedom (Financial Independence)

Reaching financial freedom can be quite an accomplishment. Years of dedication have likely been set forth in order to reach that point. However, how do you know exactly when you've reached financial freedom? When you can stop working? When you can travel the world or when you can purchase even the most expensive items without a significant impact to your net worth? In the same way there are different meanings for the word rich or wealthy, financial freedom can mean various things to different people. Breaking the phrase down into smaller, more digestible terms can clear up some confusion. These are 8 levels of financial freedom or financial independence. You can use them as a guide to help you distinguish where you are now and where you'd like to go.