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 This is what it takes to cover all your expenses and live your best financially free life. Roman Samborskyi / Shutterstock.com

Editor’s Note: This story originally appeared on NewRetirement. In strict terms, financial independence is just another word for retirement. It means that you have enough income and assets to cover all your expenses and maintain your desired lifestyle without the need to work actively for income. Financial independence retire early (FIRE) is a phrase used to describe people who have achieved…

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