Smart Money: Here's how to achieve financial independence by the age of 40

The theme of today’s discussion on CNBC-TV18 special show, Smart Money,  is financial independence — the status of having enough income or wealth sufficient to pay one's living expenses without having to be employed or dependent on anyone.

However, today experts discuss whether it is possible to achieve financial independence by 40 years or if it is a myth? And if it’s a possibility then what are the sources of passive income that one can generate to achieve complete financial independence by the age of 40? Dilshad Billimoria, Managing Director and Principal Officer and MF Adviser, Dilzer Consultants And Mrin Agarwal, Financial Educator and Director, Finsafe India