The Jubilee Project - Money Merge Account

Speak with a live Agent NOW!

What IS 'True' Financial Freedom?

FREEDOM (n.)

   1. The condition of being free of restraints.
   2. Liberty of the person from slavery, detention, or oppression.
   3.   a. Political independence.
         b. Exemption from the arbitrary exercise of authority in the performance of a specific action; civil liberty: freedom of assembly.
   4. Exemption from an unpleasant or onerous condition: freedom from want.
   5. The capacity to exercise choice; free will: We have the freedom to do as we please all afternoon.
   6. Ease or facility of movement: loose sports clothing, giving the wearer freedom.
   7.   a. The right to unrestricted use; full access: was given the freedom of their research facilities.
         b. The right of enjoying all of the privileges of membership or citizenship: the freedom of the city.
   8. A right or the power to engage in certain actions without control or interference: “the seductive freedoms and excesses of the picaresque form” (John W. Aldridge).

[Middle English fredom, from Old English frēodōm : frēo, free; see free + -dōm, -dom.]

SYNONYMS  freedom, liberty, license. These nouns refer to the power to act, speak, or think without externally imposed restraints. Freedom is the most general term: “In giving freedom to the slave, we assure freedom to the free” (Abraham Lincoln). Liberty stresses the power of free choice: “liberty, perfect liberty, to think, feel, do just as one pleases” (William Hazlitt). License sometimes denotes deliberate deviation from normally applicable rules or practices to achieve a desired effect: poetic license. Frequently, though, it denotes undue freedom: “the intolerable license with which the newspapers break . . . the rules of decorum” (Edmund Burke).


DEBT (n.)

   1. Something owed, such as money, goods, or services.
   2.   a. An obligation or liability to pay or render something to someone else.
         b. The condition of owing: a young family always in debt.
   3. An offense requiring forgiveness or reparation; a trespass.

[Middle English dette, from Old French, from Vulgar Latin *dēbita, pl. of Latin dēbitum, debt, neuter past participle of dēbēre, to owe.]

The Jubilee Project uses this phrase of ‘TRUE Financial Freedom’ throughout our website and in conversations with clients over the phone. It’s the focus we have when working with families and individuals alike—yet an actual definition has not been given. Instead, our clients to this point have assumed or speculated what this meant (to us)—and this is important in that this definition creates the drive, passion and dedication we have for our clients.

‘Financial freedom’ is popularly described a well-planned lifestyle where one no longer is required to work for income to cover their expenses. Contrary to popular belief, it does not require being free of debt, as a debt payment is just considered another expense.

Typically, "Financial Freedom" can be attained in one of two ways (or a combination of the two):
1. Enough passive investment income to cover one's expenses.
2. A large enough "nest egg" that can be liquidated over time to cover one's expenses.

Simply said, financial freedom is a point in life when you do not work for money anymore.

The Jubilee Project believes in options for families. Not all desires, goals, situations or circumstances are the same, which means each person needs to be approached on an individual basis and have options laid before them. We know that some desire to become debt free. There is a definite benefit in the psychological aspects of having no debt. However, there are those who understand the value, risks and strategic implications of leveraging money, time and assets. We cannot and would not presume to make that decision for you, as both strategies have merit.

Our position as The Jubilee Project and our actual definition of “TRUE Financial Freedom” is: creating a set of circumstances which remove the worry and pressure of life, whether that be conquering your debts or acquiring wealth, while doing it in the fastest way possible.

It’s your peace of mind and heart which interests us.