Daily Money Minute

Fotolia_54867638_XS_7“It’s wonderful to be financially safe.” Ann Patchett

The aforementioned comment from the American author Ann Patchett was actually part of a quote credited to her in the British newspaper The Daily Telegraph. It is significant insofar as it reminded me of a question I received from a friend recently; that is, “What does it mean to be financially independent?” Quite simply it means never having to worry about money again. If you can build capital and invest it in a variety of assets providing you with a series of income streams, eventually you will have sufficient income to live on and perhaps a lot more. It is a worthy aim to reach the point where income is not an issue for you anymore. You can then concentrate on those things that you really want to do. Essentially you can please yourself. How good would that be?

© Roy Sutton and Mann Island Media Limited 2013. All Rights Reserved.

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