What does it mean to live by faith according to the Bible?

The Bible teaches that living by faith is foundational to a believer's life, as it signifies complete reliance on Jesus Christ for salvation and righteousness. Galatians 3:11 states, 'But that no man is justified by the law in the sight of God, it is evident: for, The just shall live by faith.' This approach counters any notion that human works or adherence to the law can contribute to one's standing before God. Instead, we are called to trust in Christ's finished work alone, allowing our lives to reflect this relationship through obedience borne out of love rather than obligation.