Financial freedom is getting out of the rat race. It is said the poor spend every penny they make, have no assets, instead have liabilities. The middle class on the other hand, while earning more than others, also accumulate more debt as they become more successful. A pay raise qualifies them to borrow more money which they usually use to buy personal items. As income increases, so does personal debt. This is what they call the rat race. Full post at http://www.pinoyseminars.blogspot.com.