The following two statements are equivalent:
A) $\forall \epsilon>0$, the set of $n \in \mathbb{N}$ such that $|x_n-L| \geq \epsilon$ is finite.
B) $\forall \epsilon>0$, $\exists N \in \mathbb{N}$ such that $n \geq N \rightarrow |x_n-L|<\epsilon$.
This is how I proved it:
To prove A $\rightarrow$ B, we will use proof by contradiction. Suppose A is true, but B is still false. The negation of the statement B is, $\exists \epsilon>0$, $\forall N\in\mathbb{N}$ such that $n\geq N \rightarrow |x_n-L| \geq \epsilon$. This contradicts our assumption that for any $\epsilon >0$, we only have finite set of $n \in \mathbb{N}$ such that $|x_n-L| \geq \epsilon$.
To prove B $\rightarrow$ A, suppose B is true. We will also use proof by contradiction. Suppose B is true, but A is false. The negation of the statement A is, for some $\epsilon >0$, the set of $n\in \mathbb{N}$ such that $|x_n-L| \geq \epsilon$ is infinite. But this statement states that we can't find some finite $N\in\mathbb{N}$ such that $n\geq N \rightarrow |x_n-L|<\epsilon$. Hence, it contradicts our assumption of statement B being true. $\blacksquare$