How Do You Define Financial Freedom?

Most people define financial freedom as some sum of money: enough to do whatever they want. If that’s the case, why are so many wealthy people living unhappy, dysfunctional lives?

What does financial freedom mean to you? Ask what it means to your kids.

Bestselling author and TV talk host Suze Orman defines financial freedom this way: “When you have power over your fears and anxieties instead of the other way around.”

That’s certainly an important thing way to look at it, and an important goal to shoot for. However, I have a different way of defining financial freedom:

My Kids and Money Guide Books offer ways for parents to impart the three main ingredients for achieving financial freedom: financial values, financial literacy, and resiliency.