Financial Freedom Butchered

The word “Financial Freedom” is misused more than any term that I can think of.  It is often associated with a get rich schemes.  In this case, financial freedom provides a college student freedom to rent an apartment.  Woo Hoo…..

Credit cards being accessible on college campuses has now become expected; high school seniors are prepared for the applications and no longer enter the doors of a financial institution to gain the plastic card which gives them shopping freedom. Attaining a credit card is now simpler than ever.

Having a high credit score enables many adults the financial freedom and ability to receive loans to purchase a car and eventually a house. Having a low credit score hinders this freedom, causing a co-signer to be called upon for considerably trivial things, such as acquiring an apartment lease.

I thought that a person practiced baseball or football.  In this day and age, apparently people practice with finances.

Having a credit card at a young age is a good way to practice with finances. It gives everyone the ability to establish credit, as well as fix any mistakes that are made earlier in life. Credit cards are the least daunting method of establishing credit. Credit card accounts should be opened early, and college is the prime location for doing so.

Advertising such as this should be a criminal offense.

Source: Daily Sundial

I like my usage much better.

Financial Freedom is freedom to focus on what is truly important to you and your family without having to trade time for a wage. It is enabled by a portfolio of income producing assets, managed by you, which generates sufficient income to cover your yearly expenses on an ongoing basis. It provides both time and money.