Ori Molad Tamar Baskind 11/13/12 Word Count: 882 Paper 4 Achieving Financial Independence As the Fourth of July should remind us all, independence is something worth fighting for. Independence means the ability to make your own decisions and live the way you choose to live. When it comes to financial independence, though, many people believe it is only a dream. There is no absolute definition for financial independence. The most common sense of the term is that someone has enough wealth to live as they wish for the rest of their life without having to work. This is a foggy definition, though - isn't picking a stock "work"? What about people who own a business and are not involved in day-to-day activities, but still step in for …show more content…
Nobody is born knowing anything about the stock market or rental properties, and most people do not have a parent or mentor to learn from at a young age. Instead, most people learn by researching, reading, and rolling up their sleeves and getting their hands dirty. That process never ends. There is always more to learn, not only about investing but about specific investments as well. Likewise, financial independence requires a lifetime commitment to continuous investment. Financial independence is not simply a process of saving some money, investing that money and calling it a day. Instead, those who would be financially independent have to be on the lookout for new opportunities and news ways to make the most of their hard-earned capital. After all, the price of freedom is eternal vigilance. Independence does not come simply because people demand it, nor because someone decides they want it. It is important to take that first step and make a declaration of what you want, why you want it and what you are prepared to do to get it. Decide what financial independence means to you. Once those decisions are in place, come up with a clear plan that outlines what you need, what you want, what you have today, and what you can do to move towards independence (this includes the budgeting, cost-cutting and investment plans). Last and not least, stick to that plan and keep the goal in sight. Financial independence is not easy, but it is not impossible for those
The first important tool for establishing our freedom is the mental and emotional capacity to be free. In the Declaration of Independence it states, “And for the support of this declaration, with a firm reliance on the protection of divine providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.” as well as “colonies, solemnly publish and declare, that these united colonies are and of right ought to be free and independent states”, describing how people had the belief and desire to be free. This is relevant since it shows that they have the mindset to have freedom, and nothing in life can be accomplished
Independence is very much wanted and accomplished. We know this by seeing my generation attain different yet difficult milestones throughout their lives. Some of these milestones include driving, graduating from highschool and college, reaching a goal in an activity or sport, getting a good job which has benefits and value, finding their own voice and opinion in current world problems and becoming good yet creative problem solvers. The more independent we can be as American people, the stronger we can become. The stronger we become the more success we will be able gain.
I define independence by having no association to someone or a group of people that have influence or give support to any aspect of another individual or multiple person's life or lives. Whether that association is financial, physical, or even emotional, breaking off the relationship with the other party gives a person or a group of people independence.
The government has reasons why they are holding the principals of the Independence like making sure that all laws are equal to everybody. Some people don't think the Government is creating everything equal.
Countries declare independence for a variety of reasons. Some countries were motivated to gain freedom because they believed that they were not being treated fair enough. Another reason some countries wanted freedom is because other countries that previously declared independence inspired these countries to do so. When countries declare independence those countries are doing it for different reasons.
Being an independent woman and making own living is not underestimated. In order to be really free women should be able to make the choice of mating without being in a relationship. One should not be restricted from having the choice of
Don't jump into real estate investment while you're still wet behind the ears. Get to know others who are in the business and learn from their experience. Join real estate clubs. Read books and visit websites that offer tips and information on real estate investing. Don't invest until you really know what you are doing.
Independence gives someone a feeling of control over their life, People feel more comfortable, safe and reassured when they can do things for themselves and this also helps to uphold their self esteem and well being Individuals can benefit from being as independent as possible in the tasks of daily living as it depicts that people having the same level of choice, control and freedom in their daily lives as any other person.
This question is more like a debatable topic where different individual have their own perspectives and views. The first objective mentioned above deals with self-reliance and the second mentioned below matches the contradictions of independence together with self-reliance. There is a clear space of overlapping however “independence” is regarding decision-making within the condition you are in, whereas “self-reliance” concerns management of the resources necessary to support significant independence. Over the past few years self-reliance has decreased remarkably throughout the world with the increase in dependencies of individuals on others and entities. Individuals are getting more and more cross-dependant and reliable on support either in materialistic or moralistic means. Finally to be self-reliant one need to do things metaphorically and more figuratively that is in one’s destiny
Being an independent woman and making own living is not underestimated. In order to be really free women should be able to make the choice of mating without being in a relationship. One should not be restricted from having the choice of
Independence, to many that word means freedom, a fresh start, a place of salvation, free from the tyranny of kings. The Declaration of Independence gives power to the idea that such a nation could form and be successful. This powerful piece of political prose and rhetoric has held strong to these beliefs for years.
Many of us spend more time at work than we do at home. The reason we spend so much time working hard is because we want to accumulate enough assets to be financially independent. There is more to financial independence than simply earning a high income however. Growing wealth requires smart decision making and thorough planning.
Independence to me is a big part of being an adult. Self-reliance to me is necessary in order for responsibility and independence. Understanding that you and only you hold the key to your future and where you want to be is a big part of independence. There is no need for an adult to rely on another or others for aid or support. Self-reliance is the key
Independence could loosely be defined as the state of not relying on others. It is becoming more and more prevalent in modern societies. As a teenager reaches adulthood (in most countries, at the age of 18), he or she faces more responsibilities and more decisions to make on their own. Ideally, the one approaching adulthood comes to possess, through trial and error, the ability to take care of one’s self. In my case, this progress of gaining independence started a bit earlier than usual in relation to the usual customs of my culture. My dad’s philosophy on self-reliance and “manhood” transformed me into an independent teenager which in turn led me to find a more rewarding path studying abroad in the US.
Independence as quoted from the Webster’s Encyclopedia English Dictionary, is defined as: “the state or quality of being free from influence, control, or determination of another or others.”