The modern definition of Financial Independence is that you have to quit your job and start a business. But this is not for everyone and it is risky. I will give the old definition. Financial independence is having enough cashflow to prepare for any scenario. First, you need to know on which level you are financially: survival, security, success, or significance. Financial independence applies to everyone but differently, depending on the level. Then, you need to work on a budget to increase your cash flow. Then, use the extra cash flow to invest. Many people aim for unrealistic returns. But just 10% of the S&P 500 $SPX500 can give you great returns over the long-term because of compound interest. You need to focus on the long-term, be consistent, and invest the most you can.