Financial freedom. To me, this means having enough money to do what YOU want to do — enough money to live the life you choose, rather than a life of “working for the man” because you have no other options.
Financial freedom, or financial independence, opens up your world to anything. It doesn’t mean you HAVE to quit your job — it just gives you the OPTION to quit if it stops being enjoyable. Financial freedom also gives you the opportunity to pursue a job that may not pay very well but that you truly enjoy.
Want to travel the world for six months or six years? Your job is no longer a limiting factor. Ditto taking time off to spend with your children or using time you would otherwise be spending at work to help out in your community.
Those are the good options, but what about the BAD options? Protecting yourself from the unexpected is another benefit of financial independence.