The following formula is wha we we used at Master Investor, LLC to be financially free and wealthy. The formula is this:
We buy and create assets that generate cash flow
The cash flow from our assets pay for our living expenses
Once our monthly cash flow from our assets is equal to or greater than our monthly living expenses then we are financially free because our assets are cash flowing and are working for us to generate true wealth
When the formula is completed, we no longer have to work for money. When we no longer have to work for money, we are financially independent. Read the entire blog here: https://www.bit.ly/whatisfinancialindependence