How can one say whether if he is financially free or not? It’s very easy and simple. While you wake up in to the morning from your bed, ask yourself, is it necessary to go for job or doing business to earn the money you need to survive and to pay for the debt? If your answer is YES, then you are not financially free. But if your answer is NO, then you are undoubtedly financially free.
When we say “Mr. X works for XYZ ltd.” who do you think is the employer and who is the employee? Obviously Mr. X is employee and working for his employer which is XYZ Ltd. Similarly when we say “I work for Money” who is the master and who is the employee. In the given situation “I” is the employee working for the “Money” (employer). So unless in your life Money starts working for you, you can’t claim to be financially free.