What is your biggest obstacle to achieving financial freedom ?

[fadhilz123]

My biggest obstacle over the period of time has been - over spending
Everytime I go to market - I buy unnecessary stuff which is not needed. This is a big drain on my fiances and never has allowed me independent.
If i decide - I will not be going to market then I start buying online. Now I have deleted so many apps. Then there is social media which is not letting me stop this.
I think I cannot control myself! so I prefer being broke - no money - no purchase!

I can't imagine how you live in such chaotic conditions, even though you can still make changes for yourself in living your life in a safer and more comfortable way. But what I can't stop thinking about is why do you even buy unnecessary things so that you bankrupt yourself because you don't have money, and one more thing why do you delete so many applications that basically they are all not wrong even though the application can spread charm to make everyone interested in shopping.

You can't blame any online application and any social media for this, although they can tempt you to shop continuously. Because what you need to control here is your appetite for shopping and choosing only the things you need, not spending money on things you don't need. Because that sort of thing will eventually make you fall into poverty and find it difficult to grow to be better in life. So make changes as long as you still have the ability to do it at this time.

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[huu78]

Currently my obstacle is my steady income, because I only work freelance and will try new activities in real life, like being a driver or the like, I don't really like working as an employee.
and i guess if want serious, i need a passive income or daily income that certain.

[firesurfer]

I worry that I have many wishes.  I have one and want more.  As such, I will never be satisfied with the present.  That makes me feel greedy.  Time is passing and what will I have to do to make myself appreciate what I have?
Although I have read a lot, the knowledge usually does not stay with me for long.

[Dragonfund]

I worry that I have many wishes.  I have one and want more.  As such, I will never be satisfied with the present.  That makes me feel greedy.  Time is passing and what will I have to do to make myself appreciate what I have?
Although I have read a lot, the knowledge usually does not stay with me for long.

Do not have a feeling that you are greedy, it is natural when a man is surrounded with problems with no alternative solution to have everything around him, so it does not mean you are greedy because your situation is different. The real meaning of greediness is when you have it and yet you are not satisfy with what you have at hand, that is the main difference between you and other people that are not satisfied. Researve your knowledge and be patient, trust the process and you will fly out with flying colour at the end of the day because they always deserved it.

[Fredomago]

For personal reasons, I am not going to talk about that experiment of wine business in detail but I can share with you that it was not in California. The wine was not a Californian brand but an Australian one. The main lesson from that business failure was that make sure 80% of things are ready before you start a business. If it is only 20%, you are simply killing yourself. Speaking of my financial condition, I am not gonna say I have achieved financial freedom but I do have a comfortable life compared to many people at my age. My parents have laid the foundation that I am worry-free from owning a house/apartment and the other primary reason is my lifestyle. Whether I was a graduate from college or a middle-aged man now, I have always made savings every month, small or big, no exception. I am a real tyical man who lives a life within his means. Well, this does not mean I don't have financial issues. Recently, my wife insists on buying an apartment but I believe this is a bad investment due to the unexpected economic conditions nowadays. Maybe having to buy something insanely expensive against my will (like an apartment my wife wants to buy) is my biggest obstacle to achieving financial freedom ? Haha, laugh out.

These are good worries if one of the main problems for you is the choice of buying or not buying an apartment at the request of your wife.

The habit of savingis very good, I have always found the possibility of save, sometimes more, sometimes less, but it has become a good habit for me. So far, I have not been able to achieve financial independence, although I aspire to this and really hope that bitcoin will help me with this.

It is not even important how quickly I achieve this, but the very realization that I have achieved this will make me a happy person. Even now I feel comfortable, I like the path itself, I hope that everything will work out for me.

Yup, even it will take that long once you achieved financial stability that will be a good achievement in life, saving money from time to time either small or big will work, as you have financial fund for emergency or you can use the money for your investment, it's not an easy journey and it's more on self-disipcline in terms of controlling your finances.

You need to consider everything that may prevent you and try to overcome and continue to reach your goals.

[Aanuoluwatofunmi]

Back then i can remember some little challenges encountered in making money and having some savings from the little earnings, things were not as easy as expected in life because it is better to experience it than saying it and having a source of income is bot as easy as we thought then, but once this has been conquered, it becomes more easy to make any financial obligations come through with ease.

[DOH!]

Money must generate money (greater value - more profit), I think this is the big problem for the journey to financial freedom.  No matter what you are focusing your energy on, you must have money to invest, accumulate, do business, trade... I have a job but my salary loses value, it won't give you the opportunity to save money.  save more as well as have money to invest more.  A
after getting married, i failed to invest a large amount of money.  so it's hard to get the condition as money to make money.  The more money, the closer to financial freedom. Lol

[Mahanton]

Money must generate money (greater value - more profit), I think this is the big problem for the journey to financial freedom.  No matter what you are focusing your energy on, you must have money to invest, accumulate, do business, trade... I have a job but my salary loses value, it won't give you the opportunity to save money.  save more as well as have money to invest more.  A
after getting married, i failed to invest a large amount of money.  so it's hard to get the condition as money to make money.  The more money, the closer to financial freedom. Lol

When you do have the chance on having some huge money then you should really be mindful on buying out assets rather than on considering getting some liabilities which means that the main thing that would stop you on financial freedom is on having those bad decisions in life because you arent projecting yourself on future goals or aspects which would really be putting you up on a condition where you are financially freed.
Most of the common problems of people is on how to start up if you dont have the money? This is why they would really just simply stay still and be contented on what they do currently have
without even trying out their best on achieving for the best.

[Farma]

Money must generate money (greater value - more profit), I think this is the big problem for the journey to financial freedom.  No matter what you are focusing your energy on, you must have money to invest, accumulate, do business, trade... I have a job but my salary loses value, it won't give you the opportunity to save money.  save more as well as have money to invest more.  A
after getting married, i failed to invest a large amount of money.  so it's hard to get the condition as money to make money.  The more money, the closer to financial freedom. Lol

well, if you want financial freedom, then we need a business that can support the needs we have every day, and to build a business, money is needed. I think, to achieve financial freedom, you need a big business, which means you need more money. So, the main obstacle to achieving financial freedom is money. I also have problems with money to achieve financial freedom. until now, there is still a lot of business that I need to create, and it costs money. unfortunately, the money I'm making can only build on that piecemeal. but that's better, than not trying to achieve financial freedom.

[Davian144]

I worry that I have many wishes.  I have one and want more.  As such, I will never be satisfied with the present.  That makes me feel greedy.  Time is passing and what will I have to do to make myself appreciate what I have?
Although I have read a lot, the knowledge usually does not stay with me for long.

You just have to learn about how to be grateful for what you already have and have gotten so far. Even though everyone in this world really wants something more so everyone is still trying to get it, but being grateful for what you already have is the best way to make yourself calm even though you have to keep trying to find better income to get satisfaction .

There are many desires within you that will never go wrong as long as you are able to make it happen, because every satisfaction is always achieved with income from the work you do yourself. So you don't have to complain because of that, but you just need to be grateful after you try and get the results of what you have worked for.

[arwin100]

Money must generate money (greater value - more profit), I think this is the big problem for the journey to financial freedom.  No matter what you are focusing your energy on, you must have money to invest, accumulate, do business, trade... I have a job but my salary loses value, it won't give you the opportunity to save money.  save more as well as have money to invest more.  A
after getting married, i failed to invest a large amount of money.  so it's hard to get the condition as money to make money.  The more money, the closer to financial freedom. Lol

well, if you want financial freedom, then we need a business that can support the needs we have every day, and to build a business, money is needed. I think, to achieve financial freedom, you need a big business, which means you need more money. So, the main obstacle to achieving financial freedom is money. I also have problems with money to achieve financial freedom. until now, there is still a lot of business that I need to create, and it costs money. unfortunately, the money I'm making can only build on that piecemeal. but that's better, than not trying to achieve financial freedom.

Aside from money the main problem for other people to achieve financial freedom is their responsibility to their family. There are so many breadwinners out there got scared to leave their 9 - 5 job because they don't want their family to get hungry if they cannot get a more decent job which can give them higher pay cuts or try to risk on business side.

[|MINER|]

I think the thing that is the biggest barrier to achieving financial freedom is that I'm too afraid to invest, most people rely on investment to achieve financial freedom, and I tried a few years ago and failed so that made me cancel investing, and the current active investment is bitcoin and of little value.

As the biggest barrier for achieving financial freedom, I am often afraid like you. I don't know if I should call it my fear or following the trading rules. Because I still have a large fund in the bank in fiat currency, sometimes I want to withdraw it and invest, but if I follow the rules of trading, I refrain from investing according to my affordability.

[Rupok]

People have no value in this world without money nowadays.  Money is the only tool with which everything can be done.  People are infatuated with this money and later create a lot of anarchy, as a result of which there is a lot of disruption of financial freedom.In the field of financial freedom, a person has to face many obstacles. Such as apolitical system, corruption, lack of integrity of the government.Underemployment of students completing graduation and limited job opportunities and large number of competitors.  Placement of unqualified persons in suitable places.Also, one of the barriers to financial freedom is the environment.  The financial independence of a country depends on its environment.

[Kadal Ijo]

I think the biggest factor that hindered me from achieving financial freedom was trusting people too easily, I once made a business, namely a mini restaurant and everything was managed by someone, at first I handled it alone and the result was positive or profit, but after I put my trust in someone the business made a loss and even debts to several vendors have not been paid.

[Fredomago]

I think the biggest factor that hindered me from achieving financial freedom was trusting people too easily, I once made a business, namely a mini restaurant and everything was managed by someone, at first I handled it alone and the result was positive or profit, but after I put my trust in someone the business made a loss and even debts to several vendors have not been paid.

Ouchh.. that's something you might regret, trusting your hard work with someone who failed to manage your business, if ever you can bring back the time the chance that you will not let that to happen, though it happened but you can still have that chance to take your way in putting another one.

We never know what fate will be there but if you are keen to succeed it's always better to take chance to attained financial freedom.

[ancafe]

I think the biggest factor that hindered me from achieving financial freedom was trusting people too easily, I once made a business, namely a mini restaurant and everything was managed by someone, at first I handled it alone and the result was positive or profit, but after I put my trust in someone the business made a loss and even debts to several vendors have not been paid.

The big mistake you made by entrusting custody of the mini restaurant to other people to be fully managed and this method is very inappropriate. Even though you can control it even though someone else is managing it and you cannot give full custody to someone else for the business you are running.

In running a business, you cannot fully rely on other people as managers, because they will be responsible only for what they are doing, but they never want to know where you are using the capital from which the business you are developing. That is the reason entrusting business to other people is not right, because basically every risk of business failure that you run is not borne by them but you alone.

[Marcellin9]

I think the biggest factor that hindered me from achieving financial freedom was trusting people too easily, I once made a business, namely a mini restaurant and everything was managed by someone, at first I handled it alone and the result was positive or profit, but after I put my trust in someone the business made a loss and even debts to several vendors have not been paid.

The big mistake you made by entrusting custody of the mini restaurant to other people to be fully managed and this method is very inappropriate. Even though you can control it even though someone else is managing it and you cannot give full custody to someone else for the business you are running.

In running a business, you cannot fully rely on other people as managers, because they will be responsible only for what they are doing, but they never want to know where you are using the capital from which the business you are developing. That is the reason entrusting business to other people is not right, because basically every risk of business failure that you run is not borne by them but you alone.

Indeed. I have a close friend who owns a few restaurants. He has never settled in any one of the restaurants and instead, he constantly visits and supervises each of them. Why ? Because he does not fully trust any managers even they are doing a great job. He told me that in the line of food business, people work long hours and they simply do their job for salaries and nobody really cares about the overall operation and success. His role of supervising managers and staff is an effective way to push most of them to be responsible. This also applies to most other businesses, people can not be fully trusted and authorized unless some are really solid and trustworthy.

[Jatiluhung]

I just realized this from a friend who told me that at least if someone wants to have a happy life and wants to get financial freedom is by never having a loan. and if you have debt, the first step towards financial freedom is to pay off all the debts you have. because often the biggest obstacle to having financial freedom is having debt. because someone who has debt will have a little difficulty managing finances. so first we must avoid all debts

[Ahli38]

I just realized this from a friend who told me that at least if someone wants to have a happy life and wants to get financial freedom is by never having a loan. and if you have debt, the first step towards financial freedom is to pay off all the debts you have. because often the biggest obstacle to having financial freedom is having debt. because someone who has debt will have a little difficulty managing finances. so first we must avoid all debts

Correct. Having debt is one of the obstacles to achieving financial freedom. so this problem should be solved at the earliest. because having debt means you haven't started from zero but you are starting from minus.

so the main step to achieving financial freedom is of course we have to return from minus to point zero and only then start. zero point means we have no loans or debts. so that whatever money we make, it will be easier to manage.

Another barrier to achieving financial freedom is a weak mentality. because to achieve financial freedom certainly requires a strong mental readiness. sometimes even we have to dare to get out of the safe zone. like trying to earn more income. sometimes we also have to dare to hold ourselves tighter to save money. and channeling more of our money into long-term investments. and to do so requires mental readiness.

Another obstacle is lack of confidence (pessimism). someone who is pessimistic will certainly find it difficult to develop. then remove this attitude and replace it with an optimistic attitude and grow better self-confidence.

[xSkylarx]

I just realized this from a friend who told me that at least if someone wants to have a happy life and wants to get financial freedom is by never having a loan. and if you have debt, the first step towards financial freedom is to pay off all the debts you have. because often the biggest obstacle to having financial freedom is having debt. because someone who has debt will have a little difficulty managing finances. so first we must avoid all debts

Just imagine if all of your debt was paid off how would you spend your money right now? For sure, all of your budget for food and other things is now increased, and you'll say that your salary is now enough. If this would happen to me, this is really the start of financial freedom, as I do have spare money right now to save and invest for capital to start a business. But again, this will take time, as my debt needs to be paid off over the next few years, and I don't have the money to pay it all off or start an investment (except for holding bitcoin).