Does having a good job and income necessarily lead to financial freedom?

Financial freedom, many people do not have a very clear concept, a rough idea is a lot of money...

Is it 5 million, or 10 million, or set a small goal to make it 100 million first?

I like a simple statement:

If one day, you don't need to get labor compensation through work, and only relying on savings and other income is enough to support your life, and you no longer need to sell your time for survival, you will be financially free.

From this perspective, financial freedom is strongly correlated with your desired standard of living.

Continuity is the key to financial freedom. Savings is something you can afford to eat. More importantly, the rationality of your income structure and your non-salary income determine the distance between you and financial freedom.

Having a high-paying job is a good thing, but if you lose it, what other source of steady income do you have? The biggest misunderstanding of people's perception of wealth is that income is the most important and salary is the most important. In fact, it is not that an excellent financial structure is the most important.

For example, house rent is a relatively stable source of income; bank principal-guaranteed wealth management products are also a relatively stable source of income, including monetary funds such as Yu’ebao; manuscript fees are also a relatively stable source of income…

For example, stock speculation, currency speculation, P2P wealth management, investment in small transactions, etc., are also a source of income, but they are less stable.

So, when you're making a lot of money, what you think about is how to enrich your financial structure, at least after you're 35, you shouldn't just rely on work to make money.

True financial freedom should be having a healthy and continuous cash flow!

No matter what time, no matter what the situation, your account will always have money coming in, more or less, you can spend freely, your standard of living can be extravagant or thrifty, and you can maintain it.

You don’t have the anxiety of running out of food, the desperation of your income falling off a cliff, you don’t have to worry about the cost of living on a mortgage, car loan, or supporting the elderly or raising children. Even if there is an occasional small situation (such as losing some money in stock trading), you will not collapse. It will only lower the standard of living a little bit, buy less clothes and less bags every month...