If you have a good credit score, you might be able to get a bank loan for almost all of your long term and short term goals. Yet, the biggest financial goal of any individual must be achieving complete personal financial independence. However, it is an unfortunate fact that more than 23% of Americans are under debt which they consider unmanageable. Also, half of the population has less than one month of saving for emergencies while 20% of them don’t have any saving at all.