That's pretty much right, if oversimplified.
I believe that people should be left to run their own lives as much as possible, both because it is right and because they do it better than anybody else. But that is true in general, not in every case.
I believe that there is such a thing as society, and it can be improved. But how best to do so, can not be known in advance.
Therefore I believe in a system of piecemeal social change, responding to results, and learning as we go; while knowing the difference between applied testable methods, and real moral principles. I believe in as much liberty as possible, but that is not infinite. I believe in not making too many rules, but making (and changing) some. I believe in not preventing people from spending their own money (I didn't say "allowing", I said "not preventing"; it is not the govt's to "allow"), but I also believe that there is such a thing as a community, expressed by delegating community powers to govt, and funding it in common; and I believe that we have some duty to our fellow citizens, our fellow humans, and our posterity.
So I don't easily classify as leftie or rightie liberal, but liberal I am: we used to call it social democrat. That didn't used to mean "indecisive wimp" and for me it still doesn't.