Before the "debugging" process lets look at another term that people comes up with to just feel different. Financial independence is the word but I find it even harder to comprehend. Then how can we succeed base on a condition that can never happen.
To be financially independent means you no longer need to depend on money. But is it possible? Warren Buffett, a billionaire is just a man with no money if you ask him to give up every single cent he has. Anyone that still receives salary is dependent on salary and anyone that relies on investment dividends, interest or any form of revenue is still dependent on that income.
Financial freedom makes more sense. To be financially free means you have the freedom to spend when you want to. That means after taking care of all liabilities and expenses, every excess dollar is freedom for spending. That also means any possible liabilties that have the potential to incur, for example planning for a marriage.
But if financial freedom depends on amount of liabities, then the equation makes more sense if we were to control expenses and liabilities then how much we earn. Just imagine sudddenly someone received a fortune and had a million in his pocket, can we safely say the 1 million will always be 1 million? Is the 1 million going to last forever.
Financial freedom being something that is rather numerical, I see it more as a perspective or a mental state. If that man having a sudden wind fall and has a million and because having that million picks up habits like playing with sports car, he's fortune will run dry just as quickly as someone with only a $100 but spends his time lazing around.
And if simply lumping financial freedom to being able to be happy then happiness can just run dry just like spending the million. When we are a child, what makes us happy? A dollar note or just being able to have milk to satify the hunger?
How about next time when someone ask you whether you want to be financially free, try asking back what he means by financially free and has he achieve that?
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