3 ms·
I mean it in the sense of being independent of employment for income. This is the common meaning in my circles.
by obstinate 10y ago
I mean it in the sense of being independent of employment for income. This is the common meaning in my circles.
- falsedan 10y agoThat's 'retirement', living off your accumulated savings and guaranteed income.
- falsedan 10y agoHi downvoters, I don't understand why 'retirement' isn't an appropriate term, please help me grow my understanding by commenting instead. Thanks, --falsedan
- obstinate 10y agoRetirement is when you stop working. Financial independence is when you stop having to. They are different.
- falsedan 10y ago1. That's not the common meaning of 'financial independence' no matter how much you repeat it, it's really closely-associated with the coming-of-age rite when you no longer rely on financial support to survive 2. I can't imagine being independently wealthy & keeping my day job but I suppose it's conceivable!
- obstinate 10y ago1. How do you explain that your view is being downvoted, and mine, upvoted? This is the common understanding in the circles I run in. I think you may be the one whose definitions need an update. 2. For example, all employees at the VP and up level at Google, Facebook, etc., make more than a million dollars are year. It doesn't take long at this level of compensation to have more wealth than any reasonable person could spend. Yet they still work, normally not to satisfy an unmet financial need.