Pronunciation: [lˈa͡ɪv ˈɒf ɒv] (IPA) 
The phrase "live off of" is spelled with a long "i" sound in "live" and the preposition "of." In IPA, this is written as /lɪv/ and /ɒv/, respectively. The phrase means to sustain oneself by relying on or consuming something, such as "He lives off of the land by hunting and fishing." It's important to note that some people use the expression "live off" without the preposition "of," which is acceptable in certain contexts.
The phrase "live off of" is idiomatic in nature and typically used to indicate someone's reliance on a particular source or means of sustenance or support. It means to survive or subsist by relying primarily or solely on something. This phrase is often used when referring to one's economic or financial situation.
In the context of personal finance, "live off of" implies living within financial means and maintaining a lifestyle that is sustained by a fixed income, savings, or a specific source of funds. It can also refer to depending on a certain source of income or support, such as retirement savings, investment returns, or government assistance.
Furthermore, "live off of" can extend beyond financial aspects. It can be used to describe an individual who solely depends on a particular type of food, sustenance, or resource for survival. For instance, a predator like a lion living off of its prey or a plant that lives off of sunlight.
In essence, "live off of" signifies an individual's reliance, dependence, or subsistence on a given factor, whether it be financial resources, an external source of support, or even basic necessities required for survival.
