The only formula of financial independence

Having defining the meaning of financial independence and passive income, I am trying to state the basics to attain financial freedom....Financial freedom will be achieved when the passive income will be more than double of your monthly expenditures....I am also trying to get an idea....

Suppose, my total monthly expenditure is Rs.25,000 (INR)....So, if somehow, i can get assets such that they will generate Rs. 50,000 monthly passive cashflow, then i will become financially free...and my active income will be bonus...

Now question is why double or more than double of the monthly expenditure ?...because of the demon called inflation...the extra Rs 25,000 will be utilized to acquire more assets. so that your net value never decreases...

I will discuss these matters in depth later on..

Now quickly, suppose i acquire least productive asset..such as Bank FD to attain my freedom....

Suppose the interest rate is 9% per annum....and inflation is 5% per annum....then, i need only Rs. 75 lakhs  to attain financial freedom....( detail calculations later)...

I think lots of people are out there who are financially free ( they may not be aware of that also ) but they may not be free from greed and desire to expand and desire of more and more...

unfortunately, i have to travel a long distance before i reach there....i am enjoying the ride..

Hence, in conclusion, The formula of financial indepence is that...

ACQUIRE  ASSETS  SUCH  THAT  THEY  WILL  GENERATE  PASSIVE INCOME  OF 2 TIMES AND MORE  OF  YOUR  TOTAL MONTHLY  EXPENDITURES....