What is a common goal for individuals aiming for financial independence?

Individuals aiming for financial independence often focus on creating passive income streams because this strategy allows them to generate income with minimal active involvement. Passive income can come from various sources, such as rental properties, dividends from stocks, income from a business that runs independently, or interest from savings and investments. The goal is to build a financial foundation that provides enough income to cover living expenses without the need for constant work, thereby achieving true financial independence.

This approach not only promotes financial stability but also enables individuals to pursue other passions or interests without the constraints of traditional employment. Over time, as these income streams grow, they can significantly enhance an individual's financial well-being and security, allowing them to focus on long-term goals rather than immediate financial pressures.