In this series of ‘Financial Independence’ over the next few months, we look into how you can take action steps to achieve this.


First and foremost, financial independence is referred to as being in the state of having adequate wealth to survive, without working actively for necessities. There are two major things you need in order to be financially independent; your life purpose and proper financial planning. A well-defined life purpose is mandatory to kick-start the planning. The two reasons are that:

    1. It drives you and it will drive you.

    2. The consequences of not having a life purpose in everything you do, especially financial planning, are rather alarming.

Family Independence


‘Life Purpose’ here is defined as the reason for which you exist on this Earth, the one thing you strive for throughout your existence. It could be as simple as “My life purpose is to help” or “My life purpose is to repay my parents for all they have done for me”. It should contain your passion and something you consider most important to do in your life. Thereafter, it drives you in anything that you do in life, especially in planning your financial goals.

Henceforth, if you ever procrastinate or hesitate in your financial plans, your life purpose will be that motivator “screaming” at you regardless. It will continue to drive you when you are aware that some goals are not yet accomplished.


Next, the consequences of not defining your life purpose are alarming. Without a life purpose, you are simply – living life without any meaning.

One, you will not see yourself as an important person. Thereafter, you may not plan for anything to happen for the rest of your life.

Two, you could become rich, but your riches are not for anything purposeful. These are alarming because you will live life as you wish, do things for the happiness at that moment, and thus, along the way you might lose the money you gain in non-salvageable ways like bankruptcy. You would spend whenever you want to, for whatever and whoever, because your earnings are not of significance.

Alternatively, you might not even touch your profits because they may be worthy of usage only on rainy days.


However, with a purpose, investors know what their ROIs are truly worth for and how important they are. For instance, 50% of an investor’s monthly ROI goes to charity because his life purpose may be to help the unfortunate.

To him, that is how worthy and important half his earnings meant.

    What about you? Are you willing to bear the consequences? What is your life purpose?


Jade Lee is the Chief Editor of Giants Learning Technologies. Her life purpose is to help; thus committing to youths like herself through articles regarding early financial planning. Jade is an alumnus of Ngee Ann Polytechnic where she attained a Diploma in Merit is in Early Childhood Education, having dedicated three years in understanding preschool children. Having received a Scholarship to study, she reads Bachelor of Arts in Psychology from Nanyang Technological University. Jade is also a commercial model and engages in Hip-Hop dance. Find out more about her insights via


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