Topic: What is your biggest obstacle to achieving financial freedom ? - page 12. (Read 4163 times)
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.
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.
From what I know, getting to financial freedom is not as easy as theory, but it's not as difficult as one might imagine as long as we understand the flow of money (cashflow).Sourced from several literature books written by wealthy people that I have read, only a small number of them are financially free rich people who take the path of "work, become employees, employees" because they immediately open their business and then set up their business system.
Because the mentality of working for others by giving jobs to others (opening employment/opening a business) is clearly different. And it's not meant to be pretentious or patronizing, just adding and conveying what I know.
So I think you don't have to give up with failure, remember failure is delayed success.
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.
It might take some time, but if you earn progress from time to time, the chance of succeeding is really high.
The biggest barrier to achieving financial freedom is low income, people with low income cannot invest as they spend most of their income on basic needs and an unexpected health problem, job loss or other emergencies can reduce or completely deplete savings.
But let's assume that your income is enough to invest, one of the biggest barriers for people who fall in this part is the lack of knowledge on investing. it is very important to have enough knowledge and skills on personal finance management
Agree. Poor people won't think about investment, they only focus on their urgent needs. They have very limited money, they even sometimes have no money. So, how can they invest in Bitcoin, Gold, Land, or any other things? Poor people clearly have no chance to achieve the financial freedom. They may reach it if there is big help from the government.But let's assume that your income is enough to invest, one of the biggest barriers for people who fall in this part is the lack of knowledge on investing. it is very important to have enough knowledge and skills on personal finance management
While for people who have money, they should be easier to achieve it. Having sufficient knowledge isn't so hard if they are not lazy. Sure, investment requires enough knowledge.
up a life to have at least having more convenient or something that is really that abundant in terms of food,clothing and shelter then this is really just right that you should work more hard for you to attain these things.
There are really just that people who are really that too lazy even if they dont have that other works to be done and just simply sit down and pressing and hovering up their cellphones or simply with social
media which it would be more worth if they do have spend up that time on finding things which would be adding more source of income aside from their own dayjob.
The biggest barrier to achieving financial freedom is low income, people with low income cannot invest as they spend most of their income on basic needs and an unexpected health problem, job loss or other emergencies can reduce or completely deplete savings.
But let's assume that your income is enough to invest, one of the biggest barriers for people who fall in this part is the lack of knowledge on investing. it is very important to have enough knowledge and skills on personal finance management
Agree. Poor people won't think about investment, they only focus on their urgent needs. They have very limited money, they even sometimes have no money. So, how can they invest in Bitcoin, Gold, Land, or any other things? Poor people clearly have no chance to achieve the financial freedom. They may reach it if there is big help from the government.But let's assume that your income is enough to invest, one of the biggest barriers for people who fall in this part is the lack of knowledge on investing. it is very important to have enough knowledge and skills on personal finance management
While for people who have money, they should be easier to achieve it. Having sufficient knowledge isn't so hard if they are not lazy. Sure, investment requires enough knowledge.
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.
It might take some time, but if you earn progress from time to time, the chance of succeeding is really high.
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.
I agree. Sometimes people decline a good job offer only because they want "a business of their own". They don't want to work for another person or an organization, thinking that if they had their own business, they would be earning more while working less. This illusion is the biggest obstacle to achieving financial freedom for many people.
People seem to think that being your own boss and not having to work for someone else is being financially free. These people would decline an attractive job that has potential future benefits in the long run.
I can say having your own business and being your own boss is not as rosy and easy as people may think. ~
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.
Nowadays there are so little salary that one requires another job to increase the amount of his income and a person working for the purpose of higher income. There are numerous ways which will aid in the multiplication of your cash.
If a person has certain goals then it will help him to manage their income accordingly and if there is no goal of life then the percentage of money will be used without thinking about it. So creation of certain aim of life for the proper management of cash and financial freedom will be helpful.
Some people have no idea about how to get income and they even they do not have time so lacking of proper information, resources and time is another obstacles in financial freedom.
If a person has certain goals then it will help him to manage their income accordingly and if there is no goal of life then the percentage of money will be used without thinking about it. So creation of certain aim of life for the proper management of cash and financial freedom will be helpful.
Some people have no idea about how to get income and they even they do not have time so lacking of proper information, resources and time is another obstacles in financial freedom.
Being a boss in our own work is not easy, especially if we are only alone in running his business. Obviously there is no easy word in it because every day you need to work hard to continue to build a business to be more widely famous. But when someone starts to get used to being a boss in his own business and does not feel any obstacles for him, I think it is also not a mistake because basically he is also awakening his own business with a more mature business of course.
Yes. Indeed, to be a boss or rather a leader in a company, or a privately owned business is not easy. But what we need to learn is management in business. This is something important before we start a business. The first is time management, financial management, management with employees, and others. Financial management is the most important part when starting a business, if we are leaders or bosses as you mentioned. How much initial capital should be spent on a business, and how much is the financial reserve if at any time the business stagnates? This is something to think about when starting a business, of course. 
February 27, 2023, 02:49:48 PM
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.
Degree is no longer the basis but experienced was, if you have the right knowledge and you can provide the skills that needed then you are good to go, I think the competition is really tough as there are many available people who can do the task even they are not a degree holder, It's more on how they can compete and how they can convince that they are more capable than the other candidate.
Moving back, financial freedom can be attained if you have steady income plus additional business or investment, which is really hard to achieve, especially with how the economy is moving right now.
February 27, 2023, 02:47:09 PM
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.
A degree only gives you preference and more opportunities than someone without a degree, it cannot guarantee you a job. If you're fresh out of school and don't have any experience, you can't beat someone with a degree and experience. Today, I see young people are quite proud, when they just graduated from school, they have no experience but always demand a high salary. It is also a cause of their mass unemployment. Then they look for get-rich-quick paths, and crypto is an option, but you can see that most newbies lose because they are too greedy.
The biggest obstacle is not the job but the resistance not to work hard.
February 27, 2023, 12:00:39 PM
The biggest barrier to achieving financial freedom is low income, people with low income cannot invest as they spend most of their income on basic needs and an unexpected health problem, job loss or other emergencies can reduce or completely deplete savings.
But let's assume that your income is enough to invest, one of the biggest barriers for people who fall in this part is the lack of knowledge on investing. it is very important to have enough knowledge and skills on personal finance management
But let's assume that your income is enough to invest, one of the biggest barriers for people who fall in this part is the lack of knowledge on investing. it is very important to have enough knowledge and skills on personal finance management
February 27, 2023, 05:30:38 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.
A degree only gives you preference and more opportunities than someone without a degree, it cannot guarantee you a job. If you're fresh out of school and don't have any experience, you can't beat someone with a degree and experience. Today, I see young people are quite proud, when they just graduated from school, they have no experience but always demand a high salary. It is also a cause of their mass unemployment. Then they look for get-rich-quick paths, and crypto is an option, but you can see that most newbies lose because they are too greedy.
February 27, 2023, 04:38:33 AM
I agree. Sometimes people decline a good job offer only because they want "a business of their own". They don't want to work for another person or an organization, thinking that if they had their own business, they would be earning more while working less. This illusion is the biggest obstacle to achieving financial freedom for many people.
People seem to think that being your own boss and not having to work for someone else is being financially free. These people would decline an attractive job that has potential future benefits in the long run.
I can say having your own business and being your own boss is not as rosy and easy as people may think. ~
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.
February 27, 2023, 12:29:41 AM
My biggest obstacle to achieve the financial freedom is over spending.
I made so much mistakes - people scammed me kept fooling - got money out of me. I have lost trust on the people. I don't meet people much now.
But I repent for all the mistakes I did in my past. I teribbly repent.
Indeed, it is very difficult to find people who can really be trusted in the current era. and I'm sorry because you've been a victim of fraud. i know it hurts a lot. and carry traumatic wounds that are difficult to heal. But it also certainly has brought an important lesson in life for you. to be more careful and not easily trust others. And as long as we can still work and make money, we must fight again to achieve financial freedom. because of course we all want one day to be able to enjoy life without having to work as hard as now. Investing and saving can increase our chances of achieving financial freedom. but on condition that we have to invest and save in the right way. I made so much mistakes - people scammed me kept fooling - got money out of me. I have lost trust on the people. I don't meet people much now.
But I repent for all the mistakes I did in my past. I teribbly repent.
February 27, 2023, 12:14:55 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.
I made so much mistakes - people scammed me kept fooling - got money out of me. I have lost trust on the people. I don't meet people much now.
But I repent for all the mistakes I did in my past. I teribbly repent.
February 26, 2023, 11:58:34 PM
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.
I think my biggest obstacle was to make the right decision at the right time.
I failed at so many point and that is one of the reasons I am not financially well even in my 40's
February 26, 2023, 07:44:42 PM
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.
February 25, 2023, 11:03:00 AM
People seem to think that being your own boss and not having to work for someone else is being financially free. These people would decline an attractive job that has potential future benefits in the long run.
I can say having your own business and being your own boss is not as rosy and easy as people may think.
Being a boss in our own work is not easy, especially if we are only alone in running his business. Obviously there is no easy word in it because every day you need to work hard to continue to build a business to be more widely famous. But when someone starts to get used to being a boss in his own business and does not feel any obstacles for him, I think it is also not a mistake because basically he is also awakening his own business with a more mature business of course.I can say having your own business and being your own boss is not as rosy and easy as people may think.
Quote
People also can be their own obstacles to financial freedom. We need to study our environment, examine our options and decide on a realistic goal that could be actually accomplished.
Which has become a boss in a company or in a large business certainly also starts from childhood first by understanding the surrounding environment before making the business more famous and widespread. Because the goal is to be large and have many branches with the number of employees that can be determined in each field, so it will not be wrong if someone wants to start building his business from small to large even though he must be fought for a little longer time, but it can also be a source of income for the future. Jump to: