The Virtue of Financial Independence
Burnside and Company believes that pursuing Financial Independence should be a virtue in our society, and one that all individuals and households should strive for.
Financial Independence is achieved when a household's assets can pay for their expenses and their individual natural lifestyles for life.
How Does One Obtain Financial Independence?
The simple answer is to buy assets and avoid liabilities/expenses.
This state of mind (cognitively when one thinks about growth versus consumption) and ultimate success (physically when one obtains the desired foundation) produces more stable families and communities, which leads to a freer society.
virtue [ vur-choo ]
To live as we were designed to live. In accordance with our nature.