August 15 For Financial Freedom This Independence Day: How To Reduce Your Dependence On A Monthly Salary
Last Update Date: 05-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that financial freedom for a salaried person means having enough assets and cash flow to meet expenses and goals without needing a monthly salary. He said investing with discipline, as per risk appetite, can slowly build passive income.
More of Abhishek's views on money management
Written for Independence Day, the article looks at how salaried people can rely less on their monthly pay over time. It covers building an emergency fund, holding health and life insurance, clearing costly debt, investing regularly and checking how much of your expenses your investments or other income can already cover.
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August 15 For Financial Freedom This Independence Day: How To Reduce Your Dependence On A Monthly Salary