What is a freedom number?

The "freedom number" refers to the minimum amount of money you need to achieve the lifestyle you desire and gain financial independence. It is the specific figure that allows you to cover your essential living costs, including entertainment and savings, thereby enabling you to pursue personal interests or entrepreneurial endeavors without financial constraints. Noah Kagan, for instance, initially set his freedom number at $3,000 per month, which he found more attainable than expected. This concept is empowering because it helps individuals realize they may not need as much money as they think to live freely and pursue what they genuinely enjoy 1 2.