Financial independence is when you have enough passive income or money that you don't have to work for, to pay for your basic bills without relying on income from a job or business that takes up your time. Financial freedom is having enough passive income to do whatever you want.

To achieve either of these, it's important to focus on three things: credit, cash flow, and assets.

Credit is when you borrow money from a bank or other lender.

Cash flow is the money coming in and going out of your business or investments.

Assets are things that you own that have value, like a house or a car.

To achieve financial independence or freedom, you can use your credit and cash flow to buy assets that will give you passive income.

It's also important to have the right mindset and not get manipulated by companies into buying things that won't improve your life.

Good debt is when you borrow money for something that will make you a profit or increase in value, like real estate.

Bad debt is when you borrow money for something that will cost you money or lose value, like a car loan.

Real estate is a good investment because it can provide many benefits, like cash flow, appreciation, and the ability to borrow money to buy it.

Credit is like a chainsaw: if you use it wisely, it can help you build something, but if you're not careful, it can be dangerous.

It's important to build your credit and use it correctly so you can create streams of cash flow and achieve financial independence.