Financial independence is best described as:

Financial independence is best described as a condition where an individual has accumulated enough wealth to support their lifestyle without the need to work for an income. This means that their assets generate sufficient cash flow or appreciate in value to cover living expenses, allowing the individual to maintain their desired standard of living without relying on employment income.

This state of financial freedom empowers individuals to make choices that align with their personal values and goals, whether that involves pursuing passions, traveling, or enjoying leisure time without the stress of financial constraints. By reaching this level of wealth, one can achieve a balance between their financial resources and lifestyle preferences, ultimately leading to greater personal fulfillment.

In contrast, reliance on familial support would imply a dependency on others for financial stability, while a state of leisure without income does not necessarily mean one is financially independent, as it could suggest a lack of resources. Active investment in income-generating assets is a strategy that can lead to financial independence, but it does not by itself define what financial independence means; rather, it is a means to achieve that state.