What is your biggest obstacle to achieving financial freedom ? - page 11.

Betwrong

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Quote from: Marcellin9 on March 14, 2023, 03:48:59 AM

Quote from: Betwrong on March 12, 2023, 06:58:05 AM

~
As for buying an apartment, it depends. I personally would never borrow money to buy an apartment, but if you already have the money, maybe that's not such a bad idea?

I don't think buying an apartment is a good idea although I have the money at hand without any loans. You see, an apartment in my area easily costs more than 1 million but when you want to sell it, hell difficult. I think it is a complete waste of money.

You know better, man, you are there. I didn't know we were talking about "more than 1 million". That's big money, and you are right, usually a property that costs that much when you buy it, will cost much less when you want to sell it. If you have such money, you surely have achieved your financial freedom. Forget about my suggestion. You know better what to do with your money.

Marcellin9

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Quote from: Betwrong on March 12, 2023, 06:58:05 AM

Quote from: Marcellin9 on March 06, 2023, 05:20:23 AM

Quote from: Betwrong on March 06, 2023, 04:35:23 AM

~
First off, I agree that when we try to do something and then fail in the end, it can be a good lesson for us, a better one than that derived from some lectures. Also, it's good that you borrowed money from your parents, and not from a mafia.

To be honest, I'd like to read more about your "experiment" with a wine business(Where was it? California?). Please, if you have time, tell us about it.

And, as far as I understand, you have achieved financial freedom yourself(or, you are very close to it). So, what is your answer to the question in the OP?

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.

Thanks for sharing, mate! I'm planning on being a writer one day, so real life stories is what I like to read. In fact, they are priceless because even if you write total fiction, it's not fun to read unless some parts of it are based on real life stories.

Quote from: Marcellin9 on March 06, 2023, 05:20:23 AM

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.

As for buying an apartment, it depends. I personally would never borrow money to buy an apartment, but if you already have the money, maybe that's not such a bad idea?

I don't think buying an apartment is a good idea although I have the money at hand without any loans. You see, an apartment in my area easily costs more than 1 million but when you want to sell it, hell difficult. I think it is a complete waste of money.

Mahanton

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Quote from: Theones on March 13, 2023, 04:07:31 PM

Quote from: Aanuoluwatofunmi on March 13, 2023, 04:36:47 AM

One of the biggest and most common financial obstacles is having a good source of income flow on a regular basis, increase rate of unemployment is one of the causes, many are willing to achieve their financial target but the current situation with the economy inbalance is the cause to how individuals finds it more difficult in achieving a financial freedom, we also need not to rely on single entity for that but needed to increase our means of getting income flow in everything we do.

My biggest obstacle for the financial freedom is trusting other.
I have had so much difficulty and even today - I face so much trouble. I wish if I have been a bit stricker and smarter earlier to realize the fake people.

When you do have trust issues then you should really be having that kind of criteria and standard on which one you would really be allowing on making them as a business partner.If you do still fail on doing so
then it would be wise on making yourself handled alone and would run it for yourself. Somehow there are really things which arent meant to be ran alone and this is why you do need up some team
or workers around. Of course it wont really be that simple but once you do solve out that main problem of yours then you would be able to see the fruit of your hardwork and risk taking.
Reaching or achieving financial freedom isnt something a path that everything could easily acquire.

Theones

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Quote from: Aanuoluwatofunmi on March 13, 2023, 04:36:47 AM

One of the biggest and most common financial obstacles is having a good source of income flow on a regular basis, increase rate of unemployment is one of the causes, many are willing to achieve their financial target but the current situation with the economy inbalance is the cause to how individuals finds it more difficult in achieving a financial freedom, we also need not to rely on single entity for that but needed to increase our means of getting income flow in everything we do.

My biggest obstacle for the financial freedom is trusting other.
I have had so much difficulty and even today - I face so much trouble. I wish if I have been a bit stricker and smarter earlier to realize the fake people.

Aanuoluwatofunmi

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stead.builders

One of the biggest and most common financial obstacles is having a good source of income flow on a regular basis, increase rate of unemployment is one of the causes, many are willing to achieve their financial target but the current situation with the economy inbalance is the cause to how individuals finds it more difficult in achieving a financial freedom, we also need not to rely on single entity for that but needed to increase our means of getting income flow in everything we do.

abralzain17

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Quote from: Marcellin9 on December 21, 2022, 10:12:11 PM

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 what you said about the picture of money is very true. where everyone needs it, and spend half the time to earn money because that is the goal of financial freedom. but behind all of that, of course, MONEY (CAPITAL) is also an obstacle and a problem faced by many people to achieve financial freedom, without capital, of course we are also reluctant to take steps and achieve that goal.

Fredomago

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Quote from: Cedie on March 12, 2023, 07:39:39 AM

Not having my own space is the biggest obstacle for me because I think being financially independent is where financial freedom starts. I heard a story once that the younger you start being independent, the better. But most cannot afford that because leaving and not providing for the relatives is sometimes not an option. But having a plan will help. Once I got my on space and have control over my on finances, I'll make it easier to get me there towards financial freedom. Anyway, us who endure the journey will reap the reward out there.

It will be a good start if you know how to limit your expenses as even you have your own space if you don't have good balance with your finances it will remain the same, I mean if your spending practices will be the same then there's none that you can save, but if in your young age you know how to save and know how to find ways to grow your savings, then the chance of gaining or harvesting the fruit of your success is really something that you can expect.

It's a matter of how good you are in terms of planning and executing your set target to be financially free.

CODE200

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Quote from: Comingdown on March 12, 2023, 08:38:48 AM

Quote from: Cedie on March 12, 2023, 07:39:39 AM

Not having my own space is the biggest obstacle for me because I think being financially independent is where financial freedom starts. I heard a story once that the younger you start being independent, the better. But most cannot afford that because leaving and not providing for the relatives is sometimes not an option. But having a plan will help. Once I got my on space and have control over my on finances, I'll make it easier to get me there towards financial freedom. Anyway, us who endure the journey will reap the reward out there.

This is relatable since in our country, you tend to focus on helping your family when you have a job, and being focused on yourself to be financially independent is hard to achieve. I'm not saying that it is not possible to happen, but it is true that planning would make everything goes into place. I just hope that everyone would have the courage to keep going because we'll soon be able to make ourselves be proud of making ourselves be financially independent.

Its feel happy to read that you guys are so strong. Financial freedom is so hard to achieve especially when you came from a average family, what I mean is not so rich like other people who can spend their money anytime and anywhere they want. I agree that family is one the biggest obstacle on achieving it, I didnt mean that its a bad thing. What I mean is I saw lots of young people who do hustling so hard even they are studying to help their family on financial needs especially like bills. On others story, after they graduated instead of fulfilling their own dreams, they set aside it to help first. Its like, "family first" concept before themselves. And I salute to those type of young people, I believe that someday it will be worth it all the sacrificed that they do for their family.

Comingdown

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Quote from: Cedie on March 12, 2023, 07:39:39 AM

Not having my own space is the biggest obstacle for me because I think being financially independent is where financial freedom starts. I heard a story once that the younger you start being independent, the better. But most cannot afford that because leaving and not providing for the relatives is sometimes not an option. But having a plan will help. Once I got my on space and have control over my on finances, I'll make it easier to get me there towards financial freedom. Anyway, us who endure the journey will reap the reward out there.

This is relatable since in our country, you tend to focus on helping your family when you have a job, and being focused on yourself to be financially independent is hard to achieve. I'm not saying that it is not possible to happen, but it is true that planning would make everything goes into place. I just hope that everyone would have the courage to keep going because we'll soon be able to make ourselves be proud of making ourselves be financially independent.

bestcoins1

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Quote from: Cryptock on March 11, 2023, 02:07:57 AM

If you can buy an apartment instantly they you don't have to worry about the investment.
and for the wine - I must suggest one stop consuming wine as it is bad for health and for the money both!

Buying an apartment instantly is the same as buying a luxury house in cash and it will obviously be a very valuable asset and can be said to be an investment if you are able to take good care of it. But if there is no treatment at all, it is also a waste of money. And in terms of wine, I think only about fruit which is better for consumption, while for liquor it is clearly not good for the body.

Quote from: mulia sabee on March 11, 2023, 05:11:53 AM

obstacle for myself is the limited job opportunities. besides that, with limited capital or small capital it is also a reason as an obstacle to achieving financial freedom. with the current economic conditions in my opinion, this is a challenge for all of us

Opportunities to work are actually not limited now, but only jobs are very limited now so that most people now have difficulty getting jobs and choose to open their own business even though it is a small business. Lack of capital can indeed be an obstacle for those who want to open their own business, but their opportunity to seek capital is still very open now as long as they have the will to look for it.

Cedie

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Not having my own space is the biggest obstacle for me because I think being financially independent is where financial freedom starts. I heard a story once that the younger you start being independent, the better. But most cannot afford that because leaving and not providing for the relatives is sometimes not an option. But having a plan will help. Once I got my on space and have control over my on finances, I'll make it easier to get me there towards financial freedom. Anyway, us who endure the journey will reap the reward out there.

Betwrong

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I stand with Ukraine.

Quote from: Marcellin9 on March 06, 2023, 05:20:23 AM

Quote from: Betwrong on March 06, 2023, 04:35:23 AM

~
First off, I agree that when we try to do something and then fail in the end, it can be a good lesson for us, a better one than that derived from some lectures. Also, it's good that you borrowed money from your parents, and not from a mafia.

To be honest, I'd like to read more about your "experiment" with a wine business(Where was it? California?). Please, if you have time, tell us about it.

And, as far as I understand, you have achieved financial freedom yourself(or, you are very close to it). So, what is your answer to the question in the OP?

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.

Thanks for sharing, mate! I'm planning on being a writer one day, so real life stories is what I like to read. In fact, they are priceless because even if you write total fiction, it's not fun to read unless some parts of it are based on real life stories.

Quote from: Marcellin9 on March 06, 2023, 05:20:23 AM

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.

As for buying an apartment, it depends. I personally would never borrow money to buy an apartment, but if you already have the money, maybe that's not such a bad idea?

Jatiluhung

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Quote from: mulia sabee on March 11, 2023, 05:11:53 AM

obstacle for myself is the limited job opportunities. besides that, with limited capital or small capital it is also a reason as an obstacle to achieving financial freedom. with the current economic conditions in my opinion, this is a challenge for all of us

the limited number of job vacancies at this time is indeed increasingly worrying. then of course this reason will indeed be the reason for the majority of people having a very difficult time going further in building stable finances and financial freedom later. because everyone needs the opportunity to get into work as their first step to raise money. and current economic conditions make the number of vacancies and the number of applicants very much in proportion. if there is a job vacancy for 100 people then we are used to seeing thousands more applicants who want the 100 vacant positions. and this condition is indeed common we see today.

and you are right this is a challenge for us. and encourage us to be more able to develop skills and insights. so that we don't lose in a competition.

mulia sabee

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Quote from: Marcellin9 on December 21, 2022, 10:12:11 PM

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.

obstacle for myself is the limited job opportunities. besides that, with limited capital or small capital it is also a reason as an obstacle to achieving financial freedom. with the current economic conditions in my opinion, this is a challenge for all of us

Cryptock

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Quote from: Marcellin9 on March 06, 2023, 05:20:23 AM

Quote from: Betwrong on March 06, 2023, 04:35:23 AM

Quote from: Marcellin9 on March 03, 2023, 05:26:14 AM

Quote from: Betwrong on February 27, 2023, 04:38:33 AM

~ Exactly. It can be very stressing. I can write a book about how stressing it can be to run your own business. I wouldn't recommend, especially to young people, even if they think that they have enough money for that, to open their own business. If you are young and have money, you should invest in your education. If you want to be financially independent in the future, don't risk all the money you have with opening your own business while uneducated. The probability of you losing everything is very high in that case.

Truth be told, not everyone is suitable to be a business owner. I once started a wine business two years after I graduated from college, with money I borrowed from my parents. Unfornately it ended up as a failure and I have learned great lessons from that experience. Looking back, I actually don't regret on that "experiment" although I lost much money. Now I am living a comfortable life and keep all lessons in mind. It is just best to know who you are and what you really need.

First off, I agree that when we try to do something and then fail in the end, it can be a good lesson for us, a better one than that derived from some lectures. Also, it's good that you borrowed money from your parents, and not from a mafia.

To be honest, I'd like to read more about your "experiment" with a wine business(Where was it? California?). Please, if you have time, tell us about it.

And, as far as I understand, you have achieved financial freedom yourself(or, you are very close to it). So, what is your answer to the question in the OP?

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.

If you can buy an apartment instantly they you don't have to worry about the investment.
and for the wine - I must suggest one stop consuming wine as it is bad for health and for the money both!

Marcellin9

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Quote from: Betwrong on March 06, 2023, 04:35:23 AM

Quote from: Marcellin9 on March 03, 2023, 05:26:14 AM

Quote from: Betwrong on February 27, 2023, 04:38:33 AM

~ Exactly. It can be very stressing. I can write a book about how stressing it can be to run your own business. I wouldn't recommend, especially to young people, even if they think that they have enough money for that, to open their own business. If you are young and have money, you should invest in your education. If you want to be financially independent in the future, don't risk all the money you have with opening your own business while uneducated. The probability of you losing everything is very high in that case.

Truth be told, not everyone is suitable to be a business owner. I once started a wine business two years after I graduated from college, with money I borrowed from my parents. Unfornately it ended up as a failure and I have learned great lessons from that experience. Looking back, I actually don't regret on that "experiment" although I lost much money. Now I am living a comfortable life and keep all lessons in mind. It is just best to know who you are and what you really need.

First off, I agree that when we try to do something and then fail in the end, it can be a good lesson for us, a better one than that derived from some lectures. Also, it's good that you borrowed money from your parents, and not from a mafia.

To be honest, I'd like to read more about your "experiment" with a wine business(Where was it? California?). Please, if you have time, tell us about it.

And, as far as I understand, you have achieved financial freedom yourself(or, you are very close to it). So, what is your answer to the question in the OP?

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.

Betwrong

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Activity: 3374

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I stand with Ukraine.

Quote from: Marcellin9 on March 03, 2023, 05:26:14 AM

Quote from: Betwrong on February 27, 2023, 04:38:33 AM

~ Exactly. It can be very stressing. I can write a book about how stressing it can be to run your own business. I wouldn't recommend, especially to young people, even if they think that they have enough money for that, to open their own business. If you are young and have money, you should invest in your education. If you want to be financially independent in the future, don't risk all the money you have with opening your own business while uneducated. The probability of you losing everything is very high in that case.

Truth be told, not everyone is suitable to be a business owner. I once started a wine business two years after I graduated from college, with money I borrowed from my parents. Unfornately it ended up as a failure and I have learned great lessons from that experience. Looking back, I actually don't regret on that "experiment" although I lost much money. Now I am living a comfortable life and keep all lessons in mind. It is just best to know who you are and what you really need.

First off, I agree that when we try to do something and then fail in the end, it can be a good lesson for us, a better one than that derived from some lectures. Also, it's good that you borrowed money from your parents, and not from a mafia.

To be honest, I'd like to read more about your "experiment" with a wine business(Where was it? California?). Please, if you have time, tell us about it.

And, as far as I understand, you have achieved financial freedom yourself(or, you are very close to it). So, what is your answer to the question in the OP?

Cryptock

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Activity: 1792

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Quote from: samcoin on February 26, 2023, 07:44:42 PM

Quote from: AnonBitCoiner on February 25, 2023, 08:48:36 AM

First and foremost obstacles in making money is that even having a degree individuals cannot find a job. There are numerous individuals who are jobless they cannot complete the requirements of life. So for such purpose lots of people are entering the cryptocurrency technology for trading and earn money.

The degree is becoming less important these days, especially for online jobs, as most project owners search for experienced people without looking at the degree they have. People are gradually realizing this fact. I think everyone could have a job if they focused on a specific domain and tried to develop their experience in it. Unfortunately, the competitiveness is increasing in online jobs considering that people from all over the world can apply, so the average pay is decreasing too.

that is so right - I believe people go for the skills these days rather than degree.
That is what people sold online during the time of COVID - the degree holders are mostly the office employee taking dictations and obeying orders.

Theones

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Quote from: Ngewex Yuk on March 04, 2023, 10:36:37 AM

I think the thing that is the biggest obstacle to free finances is the temptation to shop or buy online shopping, since the Covid outbreak that occurred a few years ago made me more wasteful and easy to buy, this is what makes it difficult for me to invest or save, almost everything the salary that I get every month is always used up even before receiving the next salary.

I agree with you - after COVID please only concentrated on online shopping and fast food deliveries.
The life has changed altogether in last few years.
We are no longer the a normal human beings like we were 2 years ago.

Cryptock

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Activity: 1792

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Quote from: Ngewex Yuk on March 04, 2023, 10:36:37 AM

I think the thing that is the biggest obstacle to free finances is the temptation to shop or buy online shopping, since the Covid outbreak that occurred a few years ago made me more wasteful and easy to buy, this is what makes it difficult for me to invest or save, almost everything the salary that I get every month is always used up even before receiving the next salary.

That is so correct!
Even if we try not to go to the market there is so much online that we hardly resist. The best option is to delete social media apps

Topic: What is your biggest obstacle to achieving financial freedom ? - page 11. (Read 4163 times)