How to do 5 Easy Steps to Financial Freedom What is the definition of financial freedom(independence)? Financial independence is defined as when your passive income (from your own business or assets) exceeds your costs, allowing you to live your ideal life without having to work as an employee! As you finish your degree and, maybe for the first time, enter the professional workforce, you'll quickly realize that a degree, reading the Barefoot Investor, and a solid salary won't be enough to attain financial independence. Sure, it's simple to buy a fancy automobile these days, but...