Financial Education - Main characteristics of the regulations related to financial freedom

In most of the underdeveloped countries, people do not even earn enough to cover the food basket, therefore, it is very difficult to achieve financial freedom, because what we can save to invest would be very little or derisory.

There is no doubt that financial wellbeing is an integral part of the human being, since having finances in order favors mental and physical health, to the extent that we can cover expenses and invest in solutions that promote our physical wellbeing.

Faced with this reality, one of the most frequently asked questions is: How much money do you need to achieve financial freedom? The truth is that the answer will depend on your expectations about the standard of living and the economic position you want to achieve in society.

There is a hypothesis that countless financial experts try to answer this question, mainly based on the famous 6% rule, i.e. they justify that it is possible to retire with a 6% income forever.

Now that 6% is a variable expectation, since inflation will also have an impact, given that, in order to continue enjoying the same standard of living, it is important that our income increases at least with inflation, by increasing our holdings in financial instruments or real estate income.