{"id":1375,"date":"2020-12-06T13:28:32","date_gmt":"2020-12-06T13:28:32","guid":{"rendered":"http:\/\/cashvisory.examinia.com\/?p=1375"},"modified":"2021-01-04T15:03:19","modified_gmt":"2021-01-04T15:03:19","slug":"financial-independence-myths-debunked","status":"publish","type":"post","link":"https:\/\/www.cashvisory.com\/blog\/financial-independence-myths-debunked\/","title":{"rendered":"Financial Independence: Myths Debunked"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1375\" class=\"elementor elementor-1375\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6daa4d2e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6daa4d2e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-374d052c\" data-id=\"374d052c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b8009e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b8009e\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56ad3a9b elementor-widget elementor-widget-text-editor\" data-id=\"56ad3a9b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Key takeaways:<\/strong><\/p><ul><li><b>As a financially independent person, although you are not working for pay, you might have to work to maintain that source of income.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li><li><b>Aside from early retirement, the purpose of financial independence could vary for different people, be it pursuing<\/b> <b>their passion or taking up fulfilling roles such as social work, without worrying about monetary incentives.<\/b><\/li><li><b>For all practical purposes, it is important to look at financial independence, not as an end-goal, but as a long-term effort and commitment, so that you\u2019re prepared to make necessary changes when life demands so.<\/b><\/li><li><b>Financial independence is a process that requires budgeting, meticulous planning, saving and investing diligently, and making significant lifestyle changes to have a sustainable future with the limited resources you have planned for.<\/b><\/li><li><b>For individuals with family responsibilities, by carefully setting aside funds for your dependents, you still can get on the road to financial freedom.<\/b><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79e3bcb elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"79e3bcb\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11c4500 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11c4500\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6fe873a\" data-id=\"6fe873a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cb04d16 elementor-widget elementor-widget-text-editor\" data-id=\"cb04d16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Financial independence has become a buzzword in today\u2019s day and age. Many equate it to having a job and paying for your expenses, that is, not being financially dependent on someone (e.g. partner, parents etc.). While it seems intuitive, this is a flawed perception which has led to the propagation of a number of myths.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e71007 elementor-widget elementor-widget-text-editor\" data-id=\"2e71007\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you look up the term \u201cfinancial independence\u201d, it is often defined as not having to work to meet one\u2019s financial needs for the rest of one\u2019s life. While this is technically sound, it is also too simplistic a definition given the complexities of financial planning and the even more complicated lives we live today. Being able to afford the luxuries of life without working at all or even actively investing and managing your wealth is often a privilege limited to a few that may have inheritances.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7351368 elementor-widget elementor-widget-text-editor\" data-id=\"7351368\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Does it then mean that most of us cannot be financially independent? Not at all. In this post, we debunk the most common myths around financial independence, unpack what it means and how it is a goal all of us can and should strive to attain.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c78ec2b elementor-widget elementor-widget-image\" data-id=\"c78ec2b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"557\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1-768x557.png\" class=\"attachment-medium_large size-medium_large wp-image-1376\" alt=\"financial independence\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1-768x557.png 768w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1-300x217.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1-1024x742.png 1024w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1.png 1138w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1333cd8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1333cd8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58c3f07\" data-id=\"58c3f07\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4938080 elementor-widget elementor-widget-heading\" data-id=\"4938080\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Myth 1: Financial independence means you don\u2019t have to work<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b48bc1 elementor-widget elementor-widget-text-editor\" data-id=\"1b48bc1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Financial independence is about reaching a point where you no longer have to work for pay but it doesn\u2019t always equate to not working at all. Your level of involvement is often contingent on your key source of income. For an income that comes completely from investments in financial instruments, it can be managed with little involvement, especially if the investments are automated as in the case of a robo advisor. However, if your income is derived from real estate, or a business managed by your employees, it may need a certain degree of involvement from your end. <\/span>Although you are not working for pay, you might have to work to maintain that source of income.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-70d7f1d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"70d7f1d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7bbbe11\" data-id=\"7bbbe11\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f072dbf elementor-widget elementor-widget-heading\" data-id=\"f072dbf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Myth 2: Financial Independence means Retire Early<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66a151d elementor-widget elementor-widget-text-editor\" data-id=\"66a151d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This myth is to be attributed to the FIRE (Financially Independent Retire Early) movement that has gained sudden popularity amongst the millennials. Although, being financially independent does help to plan towards an early retirement, it does not necessarily mean that financially independent people always intend to stop working and get done with their responsibilities. <\/span>The purpose of financial independence could vary for different people, be it pursuing their passion or taking up fulfilling roles such as social work, without worrying about monetary incentives. <span style=\"font-weight: 400;\">So financial independence is not synonymous with an early retirement but rather with having the freedom of choice to do what you want to.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d2db797 elementor-widget elementor-widget-image\" data-id=\"d2db797\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"509\" height=\"499\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image3.jpg\" class=\"attachment-large size-large wp-image-1378\" alt=\"afraid to ask andy meme - FIRE\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image3.jpg 509w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image3-300x294.jpg 300w\" sizes=\"(max-width: 509px) 100vw, 509px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f6fab4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f6fab4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5885e73\" data-id=\"5885e73\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5afd3e9 elementor-widget elementor-widget-heading\" data-id=\"5afd3e9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Myth 3: It is a one-time goal to be achieved\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3920567 elementor-widget elementor-widget-text-editor\" data-id=\"3920567\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Although, the definition does mention that financial independence means having enough to sustain for the rest of your life, we know for a fact that life hardly goes as planned. It\u2019ll be juvenile to assume that having it all charted out exempts us from the uncertainties of life. True, we can hedge against crises through <a href=\"https:\/\/www.cashvisory.com\/blog\/are-you-prepared-for-financial-emergencies\/\">emergency funds<\/a>, insurance and liquid investments. Yet, major changes in life such as change in marital status (getting married or divorced), having children, or moving countries can derail the most robust plans. <\/span>For all practical purposes, it is important to look at financial independence, not as an end-goal, but as a long-term effort and commitment, so that you\u2019re prepared to make necessary changes when life demands so.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-68a6394 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"68a6394\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-127fc31\" data-id=\"127fc31\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cdfa8d6 elementor-widget elementor-widget-heading\" data-id=\"cdfa8d6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Myth 4: It needs very high income early in career<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b5689c elementor-widget elementor-widget-text-editor\" data-id=\"3b5689c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Yes, a high earning career is extremely useful when it comes to accumulating wealth and building passive income. However, a high income job may come with its own set of challenges such as long working hours, numerous business travels or relocations. In those cases, it may get even more challenging to plan for the future when all you want to do after getting back home is to crash. <\/span>Financial independence is a process that requires budgeting, meticulous planning, saving and investing diligently, and making significant lifestyle changes to have a sustainable future with the limited resources you have planned for.<span style=\"font-weight: 400;\"> Many young professionals with average income jobs have found time to do all of this and also took up second jobs to hasten the process. Do not be discouraged if your annual income is not above the market average. Instead, use your time wisely and productively to plan the future you have dreamt of.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be72b59 elementor-widget elementor-widget-image\" data-id=\"be72b59\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"518\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image2-768x518.png\" class=\"attachment-medium_large size-medium_large wp-image-1379\" alt=\"high income\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image2-768x518.png 768w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image2-300x202.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image2-1024x691.png 1024w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image2.png 1110w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a89e25d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a89e25d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3a2947d\" data-id=\"3a2947d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5962119 elementor-widget elementor-widget-heading\" data-id=\"5962119\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Myth 5: It is not meant for those with family responsibilities<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a331a3 elementor-widget elementor-widget-text-editor\" data-id=\"7a331a3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Being bombarded with social media posts about how someone quit their job to travel the world by becoming financially independent seems dreamy, but may not seem like a feasible option for many. Especially so, for those with family and other responsibilities who are thinking about securing their kids\u2019 future or supporting their partner or parents. However, the \u2018travel the world carefree\u2019 image is not what financial independence is about. It is about being able to fulfil all your responsibilities, and sustain a lifestyle with the passive income you have planned for. <\/span>By carefully setting aside funds for your dependents, you still can get on the road to financial freedom.<span style=\"font-weight: 400;\"> It may take more time than someone that may not have the same responsibilities, but it will come if you commit to it.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ae610c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ae610c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0701783\" data-id=\"0701783\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd7cd96 elementor-widget elementor-widget-heading\" data-id=\"cd7cd96\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bottom Line\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a371dad elementor-widget elementor-widget-text-editor\" data-id=\"a371dad\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Financial independence, like most things in life, is subjective. But that\u2019s where the beauty lies. You get to choose what life you want and plan accordingly. All you need is someone to guide you through and the right resources to execute the plans. We will soon be coming up with a tool to help you chart out your entire financial future. In the meanwhile, do stay tuned for more posts on financial independence, its benefits and how to get there.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Key takeaways: As a financially independent person, although you are not working for pay, you might have to work to maintain that source of income.&nbsp; Aside from early retirement, the purpose of financial independence could vary for different people, be it pursuing their passion or taking up fulfilling roles such as social work, without worrying [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[33],"tags":[],"class_list":["post-1375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"uagb_featured_image_src":{"full":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1.png",1138,825,false],"thumbnail":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1-150x150.png",150,150,true],"medium":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1-300x217.png",300,217,true],"medium_large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1-768x557.png",768,557,true],"large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1-1024x742.png",1024,742,true],"1536x1536":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1.png",1138,825,false],"2048x2048":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/12\/image1.png",1138,825,false]},"uagb_author_info":{"display_name":"Admin","author_link":"https:\/\/www.cashvisory.com\/blog\/author\/admin\/"},"uagb_comment_info":7,"uagb_excerpt":"Key takeaways: As a financially independent person, although you are not working for pay, you might have to work to maintain that source of income.&nbsp; Aside from early retirement, the purpose of financial independence could vary for different people, be it pursuing their passion or taking up fulfilling roles such as social work, without worrying&hellip;","_links":{"self":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/comments?post=1375"}],"version-history":[{"count":12,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1375\/revisions"}],"predecessor-version":[{"id":1479,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1375\/revisions\/1479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media\/1376"}],"wp:attachment":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media?parent=1375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/categories?post=1375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/tags?post=1375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}