Meet Pau. As a 21 year old college student, Pau is feeling confident that he’s well on his way to having a great life ahead. What with more than enough college funds (thanks to his parents for investing on education!) left in the bank to get him through college without any hitch, with fairly decent grades, and with just two more years to get a degree —yes, Pau will definitely have a fighting chance to be successful in life after he graduates, right?
Well, it’s true that having a college degree these days will give you an edge in the job market; but, to be honest, it’s actually just the first step. To be truly successful in life, you have to be financially independent.
No, we’re not just talking about not having to depend on your parents for monetary support. True financial independence may not mean the same thing for different people as we all have different goals in life. But, in general, it basically means having enough money to be able to live comfortably for the rest of your life. Continue reading Financial Independence: What It Is and How to Get There