Financial independence refers to the ability to sustain one's lifestyle and cover expenses without relying on income from a regular job. It allows individuals to have the freedom to make choices based on their values and goals rather than financial constraints. Achieving financial independence requires careful planning, smart investments, and disciplined saving habits.

One key strategy for financial independence is creating a budget and sticking to it. A budget helps you track your income and expenses, allowing you to identify areas where you can cut back and save more. By consistently saving a portion of your income, you can gradually build a solid financial foundation.

Another important aspect of financial independence is investing wisely. Diversifying your investments helps spread risk and maximize returns. It is advisable to seek guidance from a financial advisor who can help you design an investment portfolio tailored to your risk tolerance and financial goals.