Financial freedom means having enough money to live the life you want without worrying about money or relying on a job. It provides security, allows you to pursue passions, and gives the ability to help others. To achieve it requires defining goals, creating a budget, paying off debt, saving and investing for retirement, living below your means, and continuously learning. Key steps are budgeting and saving a portion each month, investing savings for long-term growth, and diversifying investments.