Financial freedom has become a real buzz phrase in recent times, but what does it actually mean and what are the main advantages of being financially free?
Many people confuse financial freedom with financial independence or simply being very wealthy. At Trading College, we define financial freedom as having the freedom to choose how and when you work, and having the confidence that you can pay your way in life without depending on anyone else to give you a salary.
Many traders are financially free without being exceptionally wealthy. All they’ve done is work out how much money they need to live on each month, and then developed their trading skills and strategies to ensure they are making that amount, on average, each month. Goals can be achieved if you set them at reasonable levels and give yourself time to get there.
Trading is simpler than starting your own business. There are no products to develop or sell, you don’t have huge overheads and you are not obliged to be in a certain place at a certain time. When you are a trader, all you need is an initial investment to get the right technology and education, and then a good attitude and work ethic while you learn your skills.