Financial Freedom

Definition ∞ Financial freedom describes a state where an individual or entity possesses sufficient financial resources and stability to make life choices without undue monetary constraints. This condition often involves having enough passive income to cover living expenses or substantial savings for future goals. It signifies independence from financial pressures and the ability to control one’s economic destiny. This state allows for security and autonomy.
Context ∞ The concept of financial freedom is a recurring theme in personal finance news and is often associated with the potential benefits of investing in various asset classes, including digital assets. Proponents of cryptocurrency sometimes position it as a tool to achieve this state, offering alternatives to traditional financial systems. Debates persist about the risks and rewards associated with using volatile assets for this objective.