Here is the key point, what is the financial freedom? Based on my own perspective, if your total income is much greater than the daily expenses, and the remaining surplus can cover your full life, that is the real financial freedom. Here is an real example of this:
Let us assume that you have 1000,0000 RMB as your principal(本金). If you use that amount of money to buy high dividend shares like Bank of China(中国银行). The dividend yield(股息率) was 5.33% last year in 2023. So if the divided yield remains stable, then your cash dividend is calculated by this equation: 10000000×0.0533=533000(RMB) per year. So what should do you when you have 533000 RMB? You can think about it.
All in all, it is necessary to learn financial management skills in our life. In this way, we can increase the value of our wealth.