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<<I have a question I did not hear anyone ask before.
What would be the most exact definition of the term "Financial Independence".

Am I only considered to be financially independent if I can quit my job forever and not have to worry about working again?>>

I don't think that there's any one definite definition. Your suggestion above is one fair way to interpret the phrase.

You could also see it as meaning independent in the sense that you make your own decisions and call your own shots instead of deferring to some advisor. You might still have a modest nest egg, might still be working, but would be independent in terms of how you deal with your finances.

Perhaps financial self-sufficience is a good alternative phrase.

Hope that helps.

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