What does achieving financial independence typically allow an individual to do?

Achieving financial independence typically enables an individual to live without reliance on active work for basic needs. This means that the person has accumulated sufficient wealth or passive income sources that cover their living expenses without needing to engage in traditional employment. It reflects a state where financial security allows for the freedom to make choices based on personal interests or passions rather than financial obligations.

In this state, individuals often experience reduced stress related to work and are able to prioritize their time according to their values, which can enhance their overall quality of life. They can focus on pursuits that they enjoy, such as hobbies, volunteering, or spending time with family, rather than being tied to a job merely for income.

The other options, while they may seem related to financial independence, do not capture its essence as accurately. For example, working for a higher salary suggests a continued dependence on active employment. Similarly, investing extensively may be a feature of financial independence, but it is not a defining aspect of it. Lastly, spending freely without a budget could lead to financial instability, which is contrary to the principles of achieving and maintaining financial independence. Overall, financial independence is primarily characterized by the freedom from active work.