Being independent is wonderful feeling. We got our independence from British after long struggle. Same is applicable to financial freedom. Let’s understand what financial freedom is:
“Financial independence is a term generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities”
In part one of this post I have listed 5 points, do read it "11 Points To Achieve Financial Freedom - Part I".
Here I am listing remaining 6 points.
6. Purchase adequate life cover
The main purpose of term insurance is to provide the financial security to yourloved ones in case of you died so that after you, your family will not be in any debt.
