How does building wealth contribute to financial freedom?

Building wealth can contribute to financial freedom in several ways. When you have accumulated enough wealth, you may have enough resources to support your lifestyle without relying on a regular paycheck. This can provide you with the freedom to make choices about how you spend your time, such as pursuing hobbies, spending more time with family and friends, or traveling. Building wealth can also provide a safety net in case of unexpected financial emergencies or changes in your employment situation.

Moreover, building wealth allows you to achieve financial goals that are important to you, such as buying a house, starting a business, or funding a child's education. When you have achieved these goals, you may experience a greater sense of financial security and confidence in your ability to manage your money effectively. Finally, building wealth can allow you to leave a legacy for future generations by passing on assets and resources that can support your loved ones' financial wellbeing.