Financial freedom is a state in which an individual has sufficient assets and income to support their lifestyle and meet their financial obligations without being dependent on active income from employment or self-employment. It means having the ability to live life on one's own terms, free from financial stress and worry.
Financial freedom typically requires a combination of saving and investing over a long period of time, and may involve paying off debt, building an emergency fund, and investing in assets that generate passive income. The ultimate goal of financial freedom is to have enough passive income to cover one's expenses, allowing an individual to live life without being tied to a traditional job.
It's important to note that financial freedom is a personal and subjective concept, and what constitutes financial freedom for one person may not be the same for another. The key is to define what financial freedom means to you and develop a plan to achieve it.