Financial independence means that you will never be broke. Whenever you need money, you can easily make it available. Even if this is not the case, you can take care of yourself and your family without any need to call on friends to lend you money.
In a country like Nigeria, this is a bit difficult due to the trending economic downturn and the lack of a stable business environment. Regardless, you have no choice than to be financially independent. See the tips that will help you to be financially independent.
Income is not wealth
This is one mistake many people make. They think the more they earn, the more they are financially independent. Yes, it is good to have a high-paying salary. However, the truth is that you are still working very hard to make the money and you are yet to invest it. Beyond your immediate salary, you do not have anything. What happens if you lose your job? Try to do something outside your job to earn more. Just ask yourself if you lose the job, will you be stable financially? If your answer is no, you have to take action.