erka_stew

Personal Information

Bio: Erika Stewart is a freelance finance writer for many online publications.
The focus of her writings are mainly about personal finance, financial freedom, frugal living,
and insurance. She values financial freedom and women empowerment. As a woman, a wife and a mom, she makes it sure that she manages to balance work, family and herself. She believes in woman's power to create, nurture and transform.
Something you're proud to have achieved: Last June, I received an award for being the business operator of the month, which means I produced more than what I was expected at work.
My Goal for the Year: My goal for this year is to see my baby daughter walk. To be able to host a children's party for her 2nd birthday (because weren't able to give her a party on her 1st due to some financial problems). To be able to write for an online news magazine. To be able to create my own website/weblog about personal finance. To be able to go to Alaska to visit my mother. To be able to make a perfect fruit tart for my husband (he very much like my aunt's version of it). Learn how to make rum balls. Learn a little bit of french.

History

Member for: 42 weeks 20 hours

Achieving financial independence through proper saving

Wed, 08/03/2011 - 1:48am | by erka_stew

“I’m living so far beyond my income that we may almost be said to be living apart.” E.E. Cummings.

This quote expresses the sentiments of many who long to be free to pursue their dreams without worrying about where their next paycheck will come from. In short, they want financial independence.

Financial independence is having enough personal assets generating money to be able to live without having to actively work for the necessities of life. Financial independence is important because it allows you to maintain your lifestyle if you become disabled or lose your principal livelihood.