If you think you got the right answer, please I am sorry to say that you are wrong. It's not just you got the answer wrong, it's just general outlook is not syn with reality. When you search google. You get the first result from Wikipedia as "Financial freedom describes a well-planned lifestyle where one no longer is required to work for income to cover their expenses. ..."

It's not just you you got it wrong. It's the people who started it all out and echo everyday so it is easy for them to mold to their own view point.

You might even have million dollars. If you don't manage it wisely, it will vanish in a month. With that million dollar comes great power and lot of responsibility. If you are not responsible enough to manage it, you will fail pretty soon and you still won’t get to sleep well at night.

Let me take a simple example. For a scenario, we assume an average middle class American earns on average of $40,000 - $50,000 a year. If he makes an habit to work with this income limitation and make proper planning to take care of all the expenses and also manage to grow some money(10%) for the future that's what I call financially free. If you don't have debt you can't pay off and you have ability to manage and grow your hard earned money, that's simply financial free in its own version.

Our schools or college system, never teaches us lot about Money management unless you opt for finance course. Yet it will be more theoretical, money lessons can only be learned in a hard way by practical means. But you don't have to learn only from your experiences and mistakes, you can also learn from others mistakes. Thats a wise way.

So don't make the mistakes others are making by going beyond your boundary unless you have the guts to pull back otherwise you will be in deep deep debt by inviting trouble. Watch out folks, don't just take the advise of you finance guru's or planners. Give it a thought and you will dwell on something on your own.