The basics of financial independence.

To be financially independent you have to make money work for you and not work for money. It must be at our service.

But how can we make money work for us? What is making money work for us?

It is the fact of generating income that does not depend on our working time. It is generating money when we sleep, when we eat, when we relax, etc. .... This is what we call generating passive income.

We generate passive income by purchasing assets. An asset is a thing or a person that will generate an action that will allow to collect income. An asset puts money in your pocket. A liability takes money out of our pocket.

Financial freedom is about buying enough assets that generate passive income so that what they generate is up to the standard of living we need to live adequately. From that moment on, we are financially free because we are free to stop working.

For this we invest in assets such as real estate, financial products, crypto-currencies, online businesses that run passively etc. ....

To conclude, your goal should only be to work, to generate income from your work, to invest part of it to buy assets that generate passive income. Again and again until you reach your income goal to allow you to live well and serve your lifestyle.

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Bastien Scellier
Bastien Scellier

Young man passionate about building the best man possible. Here to share my learnings, personal development, philosophy, investment, business and crypto...

Money contributes to happiness although happiness
Money contributes to happiness although happiness

"Financial independence is the freedom to do what you want, when you want, without having to worry about money." - Suze Orman We are forced to realize that if we let our finances drift and do not take our independence, it will be taken away from us. Subscribe if you want to follow my financial journey.

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