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Financial independence

3:53

Millionaires next door: One couple's frugal path to early retirement

2:47

Early retirement gone wrong: What to do when life gets in the way

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Prince Harry and Meghan's new world of financial independence

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Former engineer scales back lifestyle in order to retire early

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How To Retire In 10 Years On A $70,000 Salary

Financial independence is the status of having enough income to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. Income earned without having to work a job is commonly referred to as passive income.