Financial freedom is what everyone is craving for and while it's the process whereby an individual is having variety of source of income that's at par, outweighs or outrun such individual's daily, weekly, monthly and yearly expense. In the quest to search for financial freedom, this makes people go into different businesses that will fetch incomes so that can be able to withstand the any test of financial threat.
According to Robert Kiyosaki , he advised that "To obtain financial freedom, one must be either a business owner, an investor or both, generating passive income, particularly on a monthly basis."
One of the situations that could stand as a threat to financial freedom is the bear market; which probably has open door for any individual to invest or for any individual who his or her cryptocurrency asset rate has dropped by 20% rate. If course that's threat anybody who has asset in cryptocurrency investment.
So there are some things that can be done to have financial freedom before any potential bear or bad market.
One of the things that can stand as a road block towards financial freedom is when you involve yourself in too many loan. Some couldn't attain financial freedom due to the amount of loan they have involved their selves. By inculcating a rent-free habit can assist us to achieve freedom financially which might helps during a bad market, bear market or inflation market.
Different Investments that will bring in passive income can also assist in achieving financial freedom. And when you have different source of income, you won't be affected during the bear or bad market.
To be able to withstand the test of bear market, it's advisable if one can have a unforseen circumstances fund. This is the saving you have on place in case of any potential future bad market, inflation market and what have you.