What is your biggest obstacle to achieving financial freedom ?

[xSkylarx]

Probably taking the risk to shift careers and staying in our comfort zone. I am a family man who will need to provide for the family on daily basis and if I don't get enough money then we have nothing to it. I really want to pursue my career as a programmer as I am sure this is where I can achieve my financial freedom as it has a high-paying salary but again its because I am a family man I can't risk it to like learn or bring back my skills on this for a couple of months because I do have a family to feed and also I want to stay into a comfort zone as I am always thinking that it would be a difficult journey to me. But for now, I really want to prioritize my family needs first before achieving my career so it is between career and family

[rat03gopoh]

My first obstacle to financial freedom is the government, they don't have enough job opportunities for people that is willing to work for them to be able to put food on their table, instead government comes up with harsh laws to control the citizens financial life by collaborating with financial institutes. That's why government in some countries banned cryptocurrency.

Corruption is a key factor, when the country is corrupt there will be less opportunity the common man to display his talent or skill in the society and achieve his goal,government cares less for citizens and only thinks in how to steal public funds and put their families in big positions in government, nepotism government.

If you put your chance only because of government policy, you don't have financial freedom. In every corner of the workspace, you'll get more specific policies under the leadership of people. If the government wasn't involved with making laws, you might be even more oppressed. Don't always blame the government at every occasion, just change your mindset.

[avikz]

Regardless where we live, money is our top priority in order to survive and thrive. Having enough money to fall back on means we are entitled to more choice and possibilities. Like it or not, we are chasing or being forced to chase money in most phases of our life. Financial freedom has been most people's ultimate goal for decades, if not for centuries. To achieve this goal, we will encounter endless challenges. Each of us has a unique life situation so what is your biggest obstacle to achieving it ? I know we can make a long list of problems but there must be one or two primary reasons that really hold you back. This is where we should focus and I would like to hear your story. Thanks.

I believe our lifestyle is the major obstacle in achieving the financial freedom. We are social animals and the society plays a big role in our lifestyle. We always keep on upgrading our lifestyle as our income grows and that's where we all make mistakes. We should keep a consistent lifestyle even if our income keeps on growing.

I will give you my example. I used to drive a very small and basic car since 2015. It was a zero maintenance car with low fuel consumption. Now in 2021, I had upgraded to a SUV. I didn't need that car but I bought it anyways just because my wife wanted to show off. The amount of EMI just tripled and the maintenance became expensive. I could have easily saved that additional amount of money. But my lifestyle didn't allow me so do so.

So for me, my lifestyle is the biggest blocker to achieve financial freedom early in life.

[ethereumhunter]

The biggest obstacle is probably the time to be able to produce it doesn't seem to be optimal so we can't get more income to be able to achieve the financial freedom we want. But I still believe that someday, I will be able to achieve the financial freedom I want and I still have to work hard from now on. There will be challenges to making more money, but we must keep going if we want to achieve it and remain confident that we can get what we want.

[suzanne5223]

I have no problem with the government since my life plan is never to work under any man or company, my biggest obstacle right now is not having enough fund aside for investment, not only in crypto and stocks but other businesses online that I am already into.

Not having the required capital or fund is the major obstacle for every common and if will look closely the major source of the problem is either no adequate job or skills.
In this current economy, there's no way you won't work under someone or a company if you don't have the needed resource fund and skills. An example is a casino you represent on this forum.

[BigBos]

Financial freedom is indeed a common goal that I have heard from other people, but it is very rare for people who really achieve it perfectly, even those who are already perfect, to have to swallow bankruptcy that destroys them.
I personally am a part-time worker who earns enough salary and I am still in university, it is very difficult for me to say financial freedom because there is no support from my parents and from my income I can only save a small part.
But despite all the obstacles I'm currently experiencing, I continue to save in bitcoins even though it's only a small decimal that I accumulate each month, but I'm still very excited.

[Maestro75]

My first obstacle to financial freedom is the government, they don't have enough job opportunities for people that is willing to work for them to be able to put food on their table, instead government comes up with harsh laws to control the citizens financial life by collaborating with financial institutes. That's why government in some countries banned cryptocurrency.

That is so true, especially in third world countries. Government of these countries do not know how to provide for heir citizens in terms of employment and social welfare. No enough jobs for the people who have gotten trainings from schools. Unemployment rate keeps hitting high and dependency of extended family members and friends keep draining the few who have jobs.

Inflation is a obstacle to financial freedom. If you are able to make some money it is not able to take care of needs you have because of high inflation that is eating the money you have and you can't have some savings.

That is big problem that has caused many financial difficulties eventhough they have jobs that fetches them money. The salaries earned become less than their value because inflation has eaten it up.

[AbuBhakar]

My biggest obstacle towards financial freedom is my parents needs since they are relying on while I still have my own family to sustain. I have a good salary rate in my current job and it was super sufficient if I only spending my salary for my own family. I was stuck on this kind of setup even though I will be having my first child next year. I don’t know exactly how I can survive this but I’m relying on my Bitcoin investment in the future to save me on this loop hole in my life.

I constantly saving small part of my job salary and forum salary on crypto secretly. I will continue this savings until my Bitcoin grow to help me escape on this financial obstacle.

[virasisog]

Regardless where we live, money is our top priority in order to survive and thrive. Having enough money to fall back on means we are entitled to more choice and possibilities. Like it or not, we are chasing or being forced to chase money in most phases of our life. Financial freedom has been most people's ultimate goal for decades, if not for centuries. To achieve this goal, we will encounter endless challenges. Each of us has a unique life situation so what is your biggest obstacle to achieving it ? I know we can make a long list of problems but there must be one or two primary reasons that really hold you back. This is where we should focus and I would like to hear your story. Thanks.

The inflation crisis has been a big challenge to everyone these days. No matter how good our job is, we are still hardly affected by the price increase of our necessities. We are having a hard time saving because we have lots of expensive expenses and bills to pay. We are still facing financial problems despite our wise financial management. The government who is also not doing its responsibility to take action on this also hinders us to reach the financial freedom that we want. However, the best thing that we can do is just to double our hard work so we could deal with these challenges.

[Adbitco]

Exposure is one of the major thing that restrict man from gaining and achieving their financial freedom most especially me, from most of my day to day meetings with colleagues and friends they always emphasis on exposure. Keep in mind when talking of exposure this includes; Lack of connection, Feeling shy (not too open to people), lack of understanding, and unwilling to make a change at the right time. Now i will explain all this serially and why i listed it.

i- Feeling Shy: This is a killer of man it reduces your connection from friends and you could hardly communicates with people, at this point there are every tendency you could lose any working opportunity that may possibly comes from your friends or any pressure group due to your inability to speak out.

ii- Lack of connections: As we all know, connections are what kept us going around the world anyone who lack communication could have a very slim chance to work and get employed and you know what that mean? There are some work that could possibly change your story in life. I was a victim of this.

iii- Lack of understanding: This refers to the sets of people that doesn't go any school or finds it difficult to read and communicates due to lack knowledge may limits them not to quickly achieved their financial freedom. It's very essential to at least know how to read and write this would really sharpping your success story. Permits me to includes this here Hosea 4:6a says " My people are destroyed for lack of knowledge".

iv- Unwilling to make a change at the right time: This is another major factor that restrict man from achieving his financial freedom, for instance you had a particular principle which you knew and have been applying for long and is not working out for you, instead of you to change and try another way round you would decides to stick on the pattern or way you are being taught forgetting we are in a computerized and digitalize age instead of adapting to the new system you choose to stick on your old version of skills which won't take you anywhere and believe me or not, no one would like to employ someone like you to work for him or her.

[blockman]

So for me, my lifestyle is the biggest blocker to achieve financial freedom early in life.

I guess this is also my blocker. Whether you have a huge or low income, the lifestyle changes and you have to sustain it. If you want to go along with the lifestyle that you've used to live with then you need to generate income as much as you can to continue it.
But if you can't, it's hard to degrade your lifestyle because you might feel the problem is you because you can't maintain it. As someone who felt it, I certainly, lifestyle is one of the blockers that anyone can have. Yet if you're flexible then this isn't a matter for you to consider as a blockage for financial freedom.

[Fivestar4everMVP]

Regardless where we live, money is our top priority in order to survive and thrive. Having enough money to fall back on means we are entitled to more choice and possibilities. Like it or not, we are chasing or being forced to chase money in most phases of our life. Financial freedom has been most people's ultimate goal for decades, if not for centuries. To achieve this goal, we will encounter endless challenges. Each of us has a unique life situation so what is your biggest obstacle to achieving it ? I know we can make a long list of problems but there must be one or two primary reasons that really hold you back. This is where we should focus and I would like to hear your story. Thanks.

You are absolutely correct, Money is a defense, so says the bible, i guess God knew how important money really is to man which is why he said that.
Money is the root of all evil is said because not having money have pushed alot of persons to committing a lot of evils in order to get it.

i will speak in reference to crypto since that is why we all are here, I've haven't just been able to find and invest in the right crypto project early, as i understand it, in this space, finding and investing in the right project early enough is how money is made, but i am never loosing hope, since i personally believe there is time for everything, it doesn't matter how long it takes, any time the universe decides its time for one to find success, as long that person is consistent with whatever he or she is doing, success would surely come.

[coolcoinz]

The hardest is getting the minimum that allows you to have income on the side and not worry about losing your job or having unexpected expenses.
Basically financial freedom is when you have enough money on the side to cover all expenses, even those that come out of the blue, so either you inherit millions or get something that will generate a steady flow of money, like a business that you allow someone to franchise, or invent something that other people use and pay you for. There are many options, the easiest being long term renting of real estate, like to a store or a bank. I know a guy who had a building and rented it out to a bank that rebuilt it and has been using it for over 10 years now, giving the guy passive income equal to a full time job.

[Oilacris]

A lot. Especially with the job, it's very hard to get a job nowadays when u only have little skill. to be financial freedom we need hard work and a dozen of investments whether is an online investment like a mutual fund, stock, or crypto or you have some kind of business. The fact is very hard to generate passive income without lot of money right?

A little bit out of topic do u guys have job for me ?  online job that requires small skill and of course remote

All starts on having a lots of money because you cant really make a move if you dont have money which is really a fact.Therefore, you do still need to do lots of hardwork and lots of saving up some money

but due to some circumstances where spending or simply expenses soars up high plus having those unexpected happenings or events in life which ending up for you to spend more then it is really

delaying on things that you are trying to achieve on.This is something that we cant really be able to avoid unless if you do have some big inheritance from your parents or something
which you could really be having that a good start up.

[jostorres]

OP's question is too general for me, but your answer is absolutely correct. Our biggest obstacle is ourselves, we have forced ourselves into difficulties and barriers because of fear. We should not blame our circumstances and conditions for not being better than others, we are not brave enough to step out of our comfort zone to do things we have never done. "It's not your fault if you were born into a poor family, but it's your fault when you grow up poor." Our lives are what we choose.

I think no. It's not our fault in the first place on why we are poor but it was the fault of our parents because they did not try hard to give us a good life but we shouldn't always blame them for this. We must still be thankful because if not because of them we aren't here now.

There are still a way to change our life for the better. We should only be courageous and keep on trying. Other than that, I think luck plays a major role too. There are times where no matter hard we try, we still can't get what we want but there are people who try less and yet they became successful in an instant. I guess this is what they say that life is sometimes not fair.

[Darker45]

The biggest obstacle here is that there aren't enough jobs that pay decently. So you go to college, spend a good deal of money, sacrifice a lot, end up working long hours in a job that is not fit to your degree, or that which you don't love, and receive a salary that is not commensurate to your effort. This is a big obstacle.

Now, what to do? You either have to stick and grow old (and fast) with it or you will look for other ways to survive. You might want to start a small business, but then that requires a starting capital. If you have saved enough to start one, might be better, but then there's no guarantee it will succeed.

[Apocollapse]

A lot. Especially with the job, it's very hard to get a job nowadays when u only have little skill.

When you're already know getting a well payed job is really hard with your current condition, why you're not upgrading your skill and only make a wish to get a better job? that's the main problem.

I've read many books and I found a good sentence which it's fit for you: "don't chase money, make the money chase you"

This mean when you're not satisfy with your current payment and looking for new or another job, you wouldn't make much money. But if you have a good skills and knowledge, people who're looking for your skills will try to find you and offer a good payment.

[dansus021]

All starts on having a lots of money because you cant really make a move if you dont have money which is really a fact.Therefore, you do still need to do lots of hardwork and lots of saving up some money

but due to some circumstances where spending or simply expenses soars up high plus having those unexpected happenings or events in life which ending up for you to spend more then it is really

delaying on things that you are trying to achieve on.This is something that we cant really be able to avoid unless if you do have some big inheritance from your parents or something
which you could really be having that a good start up.

Yes, yes you are really hit that, the true of life is. especially when you get unexpected things that need a lot of money. and if you live on sandwich generation that have to pay your parent living is make even getting  crazy right hahah.

When you're already know getting a well payed job is really hard with your current condition, why you're not upgrading your skill and only make a wish to get a better job? that's the main problem.

This mean when you're not satisfy with your current payment and looking for new or another job, you wouldn't make much money. But if you have a good skills and knowledge, people who're looking for your skills will try to find you and offer a good payment.

Im person that needs people who can teach me directly to be honest. i still can learn from online though but when face a problem i can make the things right.

but i have some kind of dream to become youtube content creator and earn from it, and I already make the youtube even tho is very small channel and has only 450 people on it. i want this happen and till this date i still upload a video day by day

[xSkylarx]

Regardless where we live, money is our top priority in order to survive and thrive. Having enough money to fall back on means we are entitled to more choice and possibilities. Like it or not, we are chasing or being forced to chase money in most phases of our life. Financial freedom has been most people's ultimate goal for decades, if not for centuries. To achieve this goal, we will encounter endless challenges. Each of us has a unique life situation so what is your biggest obstacle to achieving it ? I know we can make a long list of problems but there must be one or two primary reasons that really hold you back. This is where we should focus and I would like to hear your story. Thanks.

The inflation crisis has been a big challenge to everyone these days. No matter how good our job is, we are still hardly affected by the price increase of our necessities. We are having a hard time saving because we have lots of expensive expenses and bills to pay. We are still facing financial problems despite our wise financial management. The government who is also not doing its responsibility to take action on this also hinders us to reach the financial freedom that we want. However, the best thing that we can do is just to double our hard work so we could deal with these challenges.

It is just our source of income is not enough. The prices of our necessities are a really big factor since before when the price is low our salaries are just enough but now because of this crisis we are short or not enough that is why mostly those experts will say add some source of income since we can't control the price and its getting expensive so the consumers will struggle. The only solution (except for the government to take action to lower the price) is to find another source of income to sustain our expenses.  I know it is difficult but how hard we save if the price is going up is still not enough.

[Marcellin9]

Regardless where we live, money is our top priority in order to survive and thrive. Having enough money to fall back on means we are entitled to more choice and possibilities. Like it or not, we are chasing or being forced to chase money in most phases of our life. Financial freedom has been most people's ultimate goal for decades, if not for centuries. To achieve this goal, we will encounter endless challenges. Each of us has a unique life situation so what is your biggest obstacle to achieving it ? I know we can make a long list of problems but there must be one or two primary reasons that really hold you back. This is where we should focus and I would like to hear your story. Thanks.

I believe our lifestyle is the major obstacle in achieving the financial freedom. We are social animals and the society plays a big role in our lifestyle. We always keep on upgrading our lifestyle as our income grows and that's where we all make mistakes. We should keep a consistent lifestyle even if our income keeps on growing.

I will give you my example. I used to drive a very small and basic car since 2015. It was a zero maintenance car with low fuel consumption. Now in 2021, I had upgraded to a SUV. I didn't need that car but I bought it anyways just because my wife wanted to show off. The amount of EMI just tripled and the maintenance became expensive. I could have easily saved that additional amount of money. But my lifestyle didn't allow me so do so.

So for me, my lifestyle is the biggest blocker to achieve financial freedom early in life.

Thanks for your comment. You've really made a good point. Lifestyle looks subtle but actually is the prominent reason why we can't make financial freedom possible. A consistent lifestyle that satisfies our basic needs with no lavish stuff is much more important than making more money yet spending it soon. I also bought a new SUV last year for no particular season although my previous car was still running great. Then all expenses were flooding and I had to make extra budget for maintaining the vehicle. I totally understood what you were talking about.  We'd better to keep a low-profile life and be happy with it.