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Financial independence is a term generally used to describe the state of having sufficient personal wealth to live indefinitely without having to work actively for basic necessities. In the case of many individuals whose financial circumstances fit this description, their assets generate income that is greater than their expenses. To illustrate, a person\'s quarterly expenses may total $4000. They receive dividends from stocks they\'ve previously purchased totaling $5,000 quarterly, while also having an even more substantial amount of money in other assets. Under such circumstances, a person is financially independent.Independence is a condition of a nation, country, or state in which its residents and population, or some portion thereof, exercise self-government, and usually sovereignty, over its territory. Attainment of independence should not be confused with revolution, which typically refers to the violent overthrow of a ruling authority. While some revolutions seek and achieve national independence, others aim only to redistribute power with or without an element of emancipation, such as in democratization within a state, which as such may remain unaltered.