Ways To Gain Financial Independence | Amit Miglani
Many individuals want to achieve the state of financial independence represented by having sufficient savings, investments, and liquid assets to support their preferred standard of living. This also means saving enough money to retire comfortably or launch a second profession without feeling pressured to hit a certain yearly income target. Professional financial consultants like Amit Miglani believe that the vast majority of individuals fall well short of achieving financial independence. An ever-increasing amount of debt brought on by irresponsible spending is a persistent drag that prevents people from achieving their objectives, even when unexpected costs are absent. Further flaws in safety nets become apparent, he says, when a catastrophic event fully destabilizes all preparations, as can occur in a storm, earthquake, or pandemic.
