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Permalink Reply by Huon Hok on December 14, 2009 at 11:22am

Is the combination of two words, freedom and financial. You know the freedom, the rights that you can do whatever you want with the scope of law. Financial, in short, is the money. So, financial freedom means the freedom that you can spend your money without worry of your bank account will be exhausted. How? You must be a smart money user since money has its rule. The best way to change earn income to passive income is LEVERAGE. If you do not know how to use leverage, you cannot start or change it forever.

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Permalink Reply by Livina on December 17, 2009 at 11:38am

To me, financial freedom means:
- I don't have to get up early to work when I don't want to.
- I can read or do things until late at night without caring about the job tomorrow.
- I can eat without looking at the price in the menu.
- I can enjoy my holidays with my beloved people wherever I want.
- I can enjoy new sutis and attire that I deserve.
- I can use Iphone because I deserve it.
- I can really start living, not preparing preparing.
- many more.

Anyway, I respect you (Mr. Sophal) so much. I usually listen to your sharing on CTN though I haven't joined your seminar yet. Hope to see you in person soon.

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Permalink Reply by Herbalife Cambodia on December 18, 2009 at 12:27am

It seem you know most of its definition. Financially freedom mean you can get out of the rat race. Your passive income is greater than your regular monthly expenses. that time you will have free time to do what you like and helping other people to follow your leadership and help educate other about financial education.

Cheers,

Livina said:

To me, financial freedom means:
- I don't have to get up early to work when I don't want to.
- I can read or do things until late at night without caring about the job tomorrow.
- I can eat without looking at the price in the menu.
- I can enjoy my holidays with my beloved people wherever I want.
- I can enjoy new sutis and attire that I deserve.
- I can use Iphone because I deserve it.
- I can really start living, not preparing preparing.
- many more.

Anyway, I respect you (Mr. Sophal) so much. I usually listen to your sharing on CTN though I haven't joined your seminar yet. Hope to see you in person soon.

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Permalink Reply by Cameron Sar on December 18, 2009 at 5:45am

You can use the simple term I use:
"The money that goes in your pockets, stays in your pockets - So don't let it out of your pockets"
So you can save more and spend less.

In the stock market terms, you need abit of research for that companies you wants to invest in and it means buying Low and Selling High to stay ahead of the game of financial freedom.

That way your pockets are always full of money!

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Permalink Reply by Leaphy Heng on March 5, 2010 at 5:06pm

Hello Pou, nice to meet you...

Can I say out my idea and understanding to your questions?

-Financial freedom=you don't work, but you still have income to cover your expenses. So you can live without working. You don't need to care about earning money to support your daily expenses. For example, house owners who rents the house and get monthly rent fee. This is just one example from my thought. There are many other ways to reach the financial freedom. I surely need your ideas for broaden my understanding about it.

- Good debt=debt that earns you more money. It is like borrow to expand biz. The borrow can have more income via the investment of the debt into any biz. The additional income is more than what s/he spends on borrowing it. Therefore, the net is positive for her or him.

- Bad debt=debt that takes your money out. One example is a debt that is used to buy consuming products like furniture, which earns nothing financially for the borrower, but the borrower has to pay debt services to the bank like monthly interest, annual fee charge, processing charges, ect. Also, s/he has to pay extra money to maintain it. Then, their net is negative result into their pocket.

I have only that pieces of idea. Pou, pls comment. Tks in advance.

Leaphy

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Permalink Reply by mohd zulkifli on November 15, 2011 at 12:35am

I was thinking that it should be 'in the end, its not how much you can spend..its how much you can save'. 

 

http://investyourcents.blogspot.com

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