For many people, the biggest obstacle to achieving financial freedom is a lack of financial education or knowledge. Without understanding basic financial concepts such as budgeting, saving, investing, and debt management, it can be challenging to make informed decisions and take the necessary steps to achieve financial independence.
Additionally, some people face obstacles such as low income, high debt, and living expenses that exceed their income. These factors can make it difficult to save money, invest, or pay off debt, which are all crucial steps on the path to financial freedom.
Other obstacles may include unexpected expenses such as medical bills or job loss, limited job opportunities, or a lack of access to financial resources and support.
Overall, achieving financial freedom requires careful planning, discipline, and a willingness to learn and adapt to changing circumstances. With the right mindset and strategies, however, it is possible to overcome these obstacles and achieve long-term financial security and independence.
Topic: What is your biggest obstacle to achieving financial freedom ? (Read 4163 times)
Everyone wants financial freedom but a small minority achieves financial freedom. The foundation of financial freedom is family for me. If you don't have any inheritance or money from your family you have to work hard for financial freedom and luck should be on your side. Financial freedom cannot be achieved by working hard. The biggest obstacle is the lack of sufficient inheritance. There may be exceptions but these are the facts.
Yeah. I can't deny what you said regarding inheritance. But in the end everything will depend on how we can manage our finances and all the assets we have. Even if we get a lot of inheritance from our parents, it is not certain that we will be able to multiply this inheritance and make us achieve financial freedom. if we do not have enough insight to manage finances well. Because even having a lot of wealth will not guarantee that someone can live rich until old age if he is not good at managing finances.But if we have enough insight and strict self-discipline in managing finances and can generate more income with the right business strategy then of course we have an inheritance and make it capital so we can get more income faster and save and invest some of it. it can bring us closer to realizing our dream of achieving financial freedom
I agree, I think the importance of inheritance in your ability to achieve financial freedom is overstated. People who don't have rich parents, or, were excluded from the inheritance for some reason(and the reason can be their desire for freedom, by the way), these people are not doomed to poverty. There are tons of examples of them succeeding in life and achieving financial freedom. Yes, it's hard, but it's possible with good education and hard work.
One example of a person who was born into a poor family but eventually succeeded and became rich. Even this person is currently an inspiration for many people in Asia he is Jack Ma. And if we read the history of Jack Ma's life, we can find many lessons that we can emulate and apply in our lives.
From my own country, namely Indonesia, I have a character that I admire who is my inspiration. because he managed to achieve success and has become a person who has financial freedom and he started from the bottom, namely from an ordinary family. he is Bob Sadino and Chairul Tanjung. I read a lot of their stories and this can motivate me. that I too can definitely become a successful person as long as I keep trying and don't give up.
I tried to research about Bob Sadino, and I found out that there's not much info in English about this remarkable man. Even if I googled "Bob Sadino quotes English" most of the sites I got were still in Indonesian, or in English but badly translated. Can you please post here some words by Bob Sadino that could help people in achieving financial freedom?
I've found this quote that I personally liked: " ... when losing I'm spirited and if the profit increases, I'm grateful". Maybe the translation isn't perfect, but we can see the idea: don't give up on yourself when you are losing. Let your losses be your fuel. Great words they are.
Everyone wants financial freedom but a small minority achieves financial freedom. The foundation of financial freedom is family for me. If you don't have any inheritance or money from your family you have to work hard for financial freedom and luck should be on your side. Financial freedom cannot be achieved by working hard. The biggest obstacle is the lack of sufficient inheritance. There may be exceptions but these are the facts.
Yeah. I can't deny what you said regarding inheritance. But in the end everything will depend on how we can manage our finances and all the assets we have. Even if we get a lot of inheritance from our parents, it is not certain that we will be able to multiply this inheritance and make us achieve financial freedom. if we do not have enough insight to manage finances well. Because even having a lot of wealth will not guarantee that someone can live rich until old age if he is not good at managing finances.But if we have enough insight and strict self-discipline in managing finances and can generate more income with the right business strategy then of course we have an inheritance and make it capital so we can get more income faster and save and invest some of it. it can bring us closer to realizing our dream of achieving financial freedom
I agree, I think the importance of inheritance in your ability to achieve financial freedom is overstated. People who don't have rich parents, or, were excluded from the inheritance for some reason(and the reason can be their desire for freedom, by the way), these people are not doomed to poverty. There are tons of examples of them succeeding in life and achieving financial freedom. Yes, it's hard, but it's possible with good education and hard work.
One example of a person who was born into a poor family but eventually succeeded and became rich. Even this person is currently an inspiration for many people in Asia he is Jack Ma. And if we read the history of Jack Ma's life, we can find many lessons that we can emulate and apply in our lives.
From my own country, namely Indonesia, I have a character that I admire who is my inspiration. because he managed to achieve success and has become a person who has financial freedom and he started from the bottom, namely from an ordinary family. he is Bob Sadino and Chairul Tanjung. I read a lot of their stories and this can motivate me. that I too can definitely become a successful person as long as I keep trying and don't give up.
Everyone wants financial freedom but a small minority achieves financial freedom. The foundation of financial freedom is family for me. If you don't have any inheritance or money from your family you have to work hard for financial freedom and luck should be on your side. Financial freedom cannot be achieved by working hard. The biggest obstacle is the lack of sufficient inheritance. There may be exceptions but these are the facts.
Yeah. I can't deny what you said regarding inheritance. But in the end everything will depend on how we can manage our finances and all the assets we have. Even if we get a lot of inheritance from our parents, it is not certain that we will be able to multiply this inheritance and make us achieve financial freedom. if we do not have enough insight to manage finances well. Because even having a lot of wealth will not guarantee that someone can live rich until old age if he is not good at managing finances.But if we have enough insight and strict self-discipline in managing finances and can generate more income with the right business strategy then of course we have an inheritance and make it capital so we can get more income faster and save and invest some of it. it can bring us closer to realizing our dream of achieving financial freedom
I agree, I think the importance of inheritance in your ability to achieve financial freedom is overstated. People who don't have rich parents, or, were excluded from the inheritance for some reason(and the reason can be their desire for freedom, by the way), these people are not doomed to poverty. There are tons of examples of them succeeding in life and achieving financial freedom. Yes, it's hard, but it's possible with good education and hard work.
Everyone wants financial freedom but a small minority achieves financial freedom. The foundation of financial freedom is family for me. If you don't have any inheritance or money from your family you have to work hard for financial freedom and luck should be on your side. Financial freedom cannot be achieved by working hard. The biggest obstacle is the lack of sufficient inheritance. There may be exceptions but these are the facts.
Yeah. I can't deny what you said regarding inheritance. But in the end everything will depend on how we can manage our finances and all the assets we have. Even if we get a lot of inheritance from our parents, it is not certain that we will be able to multiply this inheritance and make us achieve financial freedom. if we do not have enough insight to manage finances well. Because even having a lot of wealth will not guarantee that someone can live rich until old age if he is not good at managing finances.But if we have enough insight and strict self-discipline in managing finances and can generate more income with the right business strategy then of course we have an inheritance and make it capital so we can get more income faster and save and invest some of it. it can bring us closer to realizing our dream of achieving financial freedom
I think the biggest obstacle to achieving financial freedom is an economic condition that is difficult to guess, I work with a monthly salary of around $ 560 and can be said to be $ 560 always run out every month because of a lot of expenses, I try to leave $ 100 for saving or invest but this is very difficult because of me Also help younger siblings to school.
Earning $560 per month and saving $100, considering all your other expenses, looks like a great achievement to me. Of course it's difficult, but you manage to do it nevertheless. Good job!
From what I see, you have achieved your financial freedom, since you're even helping your younger siblings. Why are you saying that there's an obstacle to achieving it?
Financial Freedom is what anyone wants to achieve, of course to achieve financial freedom is a difficult thing, many challenges and obstacles that make our hopes often fail, and the thing that is the biggest obstacle is the temptation to spend money from consumption to buying new gadgets.
A solid foundation is needed to achieve a goal. It takes effort to build that foundation. This is what separates the successful person from the rest. What and how much did we do to achieve financial freedom? This is the criterion that matters. The harder we try, the faster we reach our goal. Sometimes, no matter what you do, you can't reach your goal. The luck factor is also important.
I agree with you that those who work hard will achieve their financial independence, but financial independence cannot be achieved by just hard work. In order to regain financial independence, it requires positive work environment. Financial freedom exists in a places where have adequate working facilities.There are large number of people who fail to reach their goals despite working hard, luck can definitely play a big role here.
Everyone wants financial freedom but a small minority achieves financial freedom. The foundation of financial freedom is family for me. If you don't have any inheritance or money from your family you have to work hard for financial freedom and luck should be on your side. Financial freedom cannot be achieved by working hard. The biggest obstacle is the lack of sufficient inheritance. There may be exceptions but these are the facts.
There are many who inherit a lot of wealth again many fail to retain that wealth. There are many people who regain their financial independence through their talent and hard work. Not everyone gets what they want. But there are few people who are able to change their lives through their work. 
many things. and one of those things I think I'm still financially unstable. I'm still learning not to be emotional in investing and use money more for things I need rather than buying things just to satisfy prestige. I'm sure people who are really rich will not be wasteful, they buy what is necessary, they are simple and they are good at managing finances. I'm still not very far from getting financial freedom.
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.
Everyone wants financial freedom but a small minority achieves financial freedom. The foundation of financial freedom is family for me. If you don't have any inheritance or money from your family you have to work hard for financial freedom and luck should be on your side. Financial freedom cannot be achieved by working hard. The biggest obstacle is the lack of sufficient inheritance. There may be exceptions but these are the facts.
Yes, I remember one word "If you have knowledge and money that will increase your confidence level", well, not all of them have that because every individual has unique obstacles in achieving financial freedom. These barriers can be excessive debt, lack of income or even limited self-confidence.
Don't hope, because all change starts with us and that's what I understand means. There is no instant solution to achieving financial freedom, but with a combination of planning and the right strategy, consistency and patience, we can build a strong foundation to achieve that goal.
Everyone has their own way of achieving financial freedom, it's just that as you said there are many inhibiting factors that will ultimately make it difficult to achieve.Don't hope, because all change starts with us and that's what I understand means. There is no instant solution to achieving financial freedom, but with a combination of planning and the right strategy, consistency and patience, we can build a strong foundation to achieve that goal.
Certainly having a strong foundation to achieve that is one way to enable us to achieve the intended financial freedom. Your point is right, planning is something we should not miss, it is the first step that will help us what we should and should not do. You could say that is our benchmark for stepping.
A solid foundation is needed to achieve a goal. It takes effort to build that foundation. This is what separates the successful person from the rest. What and how much did we do to achieve financial freedom? This is the criterion that matters. The harder we try, the faster we reach our goal. Sometimes, no matter what you do, you can't reach your goal. The luck factor is also important.
I agree with that, even though you think you already try everything but the success still unable to reached, there's something that still missing and those who have some luck they manage to earn that financial freedom, we do have a different overview with how we work with our dream success and not all have that capabilities to achieve it.
It's a matter of how to determine you are and how luck will play to achieve your goal either in the long process or if, by chance, luck helps you out, it can be done in a short span of time.
Yes, I remember one word "If you have knowledge and money that will increase your confidence level", well, not all of them have that because every individual has unique obstacles in achieving financial freedom. These barriers can be excessive debt, lack of income or even limited self-confidence.
Don't hope, because all change starts with us and that's what I understand means. There is no instant solution to achieving financial freedom, but with a combination of planning and the right strategy, consistency and patience, we can build a strong foundation to achieve that goal.
Everyone has their own way of achieving financial freedom, it's just that as you said there are many inhibiting factors that will ultimately make it difficult to achieve.Don't hope, because all change starts with us and that's what I understand means. There is no instant solution to achieving financial freedom, but with a combination of planning and the right strategy, consistency and patience, we can build a strong foundation to achieve that goal.
Certainly having a strong foundation to achieve that is one way to enable us to achieve the intended financial freedom. Your point is right, planning is something we should not miss, it is the first step that will help us what we should and should not do. You could say that is our benchmark for stepping.
A solid foundation is needed to achieve a goal. It takes effort to build that foundation. This is what separates the successful person from the rest. What and how much did we do to achieve financial freedom? This is the criterion that matters. The harder we try, the faster we reach our goal. Sometimes, no matter what you do, you can't reach your goal. The luck factor is also important.
Yes, I remember one word "If you have knowledge and money that will increase your confidence level", well, not all of them have that because every individual has unique obstacles in achieving financial freedom. These barriers can be excessive debt, lack of income or even limited self-confidence.
Don't hope, because all change starts with us and that's what I understand means. There is no instant solution to achieving financial freedom, but with a combination of planning and the right strategy, consistency and patience, we can build a strong foundation to achieve that goal.
Everyone has their own way of achieving financial freedom, it's just that as you said there are many inhibiting factors that will ultimately make it difficult to achieve.Don't hope, because all change starts with us and that's what I understand means. There is no instant solution to achieving financial freedom, but with a combination of planning and the right strategy, consistency and patience, we can build a strong foundation to achieve that goal.
Certainly having a strong foundation to achieve that is one way to enable us to achieve the intended financial freedom. Your point is right, planning is something we should not miss, it is the first step that will help us what we should and should not do. You could say that is our benchmark for stepping.
I think the biggest obstacle to achieving financial freedom is an economic condition that is difficult to guess, I work with a monthly salary of around $ 560 and can be said to be $ 560 always run out every month because of a lot of expenses, I try to leave $ 100 for saving or invest but this is very difficult because of me Also help younger siblings to school.
well, at my place, $560 is a hefty fortune, maybe you can save with that. but as you said, that economic necessity is very hard to predict. It's just me, I think another issue that is also very important to pay attention to in achieving the goal of financial freedom is financial management. I've read several books that say that it doesn't matter how much money you have, but if you don't know how to manage your finances properly, then the money can run out in a short time without leaving any investment.In addition, many of us have salaries that are not that big, but they make good use of their money so that they are able to build a business that can make them achieve financial freedom. To be honest, I also have problems managing my current finances.
Yes, I remember one word "If you have knowledge and money that will increase your confidence level", well, not all of them have that because every individual has unique obstacles in achieving financial freedom. These barriers can be excessive debt, lack of income or even limited self-confidence.
Don't hope, because all change starts with us and that's what I understand means. There is no instant solution to achieving financial freedom, but with a combination of planning and the right strategy, consistency and patience, we can build a strong foundation to achieve that goal.
Don't hope, because all change starts with us and that's what I understand means. There is no instant solution to achieving financial freedom, but with a combination of planning and the right strategy, consistency and patience, we can build a strong foundation to achieve that goal.
I think the biggest obstacle to achieving financial freedom is an economic condition that is difficult to guess, I work with a monthly salary of around $ 560 and can be said to be $ 560 always run out every month because of a lot of expenses, I try to leave $ 100 for saving or invest but this is very difficult because of me Also help younger siblings to school.
Actually that is a pretty good income for you so you can leave $ 100 for savings or for your investment capital because with that much income you can still help your younger siblings to go to school in the most economical way possible so you can invest or save for your own future. After all, your younger siblings will also become independent when they grow up, so you need to think about your own capital from now on because you can still work to make money, instead of thinking about it later when you are no longer able to work as usual.
Apart from that, you yourself also know that financial freedom can be achieved when someone already has sufficient income and is able to save to open up more land for income through business and investment. So it's better for you to save money and plan now before it's too late because something good is always better done earlier.
I think the thing that is a factor and my biggest obstacle to achieving financial freedom is that it's too easy to buy things that look interesting, I like sports like cycling or fishing, sometimes I buy the latest equipment for fishing and have been equivalent to the salary I receive 2 months , I'm sorry and want to sell it again but it's not worth it anymore, but when there's the newest fishing equipment again I still buy it and this happens again when other hobbies like cycling.
fulfilling desires and even items that are not too important to buy are difficult to control, but one day we will realize that it is the biggest cause for us to be rich or have achieve financial freedom.if that makes you happy then go ahead, but you have to find more money to be able to save and also invest for your future, that's my advice.
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 think the biggest obstacle to achieving financial freedom is an economic condition that is difficult to guess, I work with a monthly salary of around $ 560 and can be said to be $ 560 always run out every month because of a lot of expenses, I try to leave $ 100 for saving or invest but this is very difficult because of me Also help younger siblings to school.
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