This in an excerpt from this book
Everyone wants to be financially free. But the important fact is that everyone has a different way of describing financial freedom. But still, there is a definite path to be financially free that could be modified according to individual preferences. There are some basic steps that could be followed and financial freedom could be achieved. These are saving some amount of income constantly, spending less on unnecessary stuff, avoiding and minimizing debt, etc. Diversifies portfolio of investment is generally preferred for financial independence. Dependence on a specific income source or a job is to be avoided in the way to attain financial freedom. Financial freedom strategies are difficult to follow but once mastered a person can have a life of ease and comfort. The need for working hard will be eliminated completely. Financial freedom is generally important in the old age when the body is not fit to work for long hours.
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