That is very much based on the definition of freedom. If you only look at it as opposite to regulations it doesn't show, what you are able to do in reality...
Take Somalia for example (the destination people like to send all the ancaps). There is effectively no state and no regulations, but people living there are poor so they can't do much. They are free, but can't do much.
Compare it to Norway, very rich and also quite regulated country. They are not that free, but they can afford almost everything.
Of course there are countries like North Korea where you are not allowed to do anything and you can't afford anything.
So I like to think about practical freedom as a rectangle where the two sides are "what you are allowed to do" and "what you can afford to do."
The bigger the surface of the rectangle the better. But yes, we are all individuals preferring different shapes and sizes of freedom.