Topic: What is your biggest obstacle to achieving financial freedom ? - page 16. (Read 4194 times)

I can say that the biggest obstacle where i live is the lack of merit and corruption. They destroyed the hopes of hardworking people by firing talented people from the country's institutions and replacing them with incompetent ones. They stopped the way of owning something working people tried to find a way to get rich without effort and effort so education didn't matter.

One of the things that make me happy in life is that i have a happy family, house, car and regular income. I don't think i’m going to be very rich. You can achieve this by working in most European countries and developed countries but it is very difficult to have them by working in the country where i live. That's why i wanted to point out the two most basic problems of the place where i live. Lack of education and incompetence. Two things that lead us to failure.

Not letting to use you is one thing, but being an asshole is entirely another. We, humans, have been building a world where assholes have small chances to survive, and sympathetic and helpful people have bigger ones. The times of those "winners" that "take it all" have passed, but, as we can see, many people haven't noticed that.

Again, don't let leeches to use you and keep you apart from your financial freedom, but know this: being an asshole is bad for your survival at the present times.

Of course, finding a stable income source will be the hardest especially if you lack the knowledge and the skills. It’s even harder if you’re still studying and you need to balance your time with work and study. Even if you managed to find a good income source, with the rate of goods these days due to inflation, it’s harder to have a comfortable life without worrying about tomorrow.

Yes, everyone has their own way to success and that's unique,
besides that we never know when success will come even though we have worked hard it is not a guarantee,
but that doesn't mean it makes us relaxed and the important thing is to keep trying our best.

When you have a propensity to spend more than you save, it's tough to get your financial house in order, so I hear you. Many of us have this problem regularly. It's never too late to make a change and start moving in the direction of your financial objectives, however.

Keeping a record of your spending will help you identify areas where you can make reductions. Spend money solely on items that are crucial to you and your priorities. You might also start investing some of your monthly earnings or setting money away for emergencies. Building up your savings like this will aid you in your pursuit of financial independence.

Investing wisely is another key factor. Find out what sort of investments might benefit you the most by doing some research and consulting with financial professionals. Don't be shy about asking for clarification or assistance; there are plenty of resources out there to point you in the correct way.

It's important to keep in mind that building wealth takes time and effort, but that reaching financial independence is possible for anybody who's prepared to put in the time and effort. Don't give up and keep moving ahead despite temporary setbacks. You'll get a lot closer to your objective if you consistently take baby steps in the right direction.

I think it's not an easy thing to achieve financial freedom, since graduating from school I have worked for about 10 years and is now around 32 years old, but I find it difficult to achieve financial freedom, besides working I also try to find other sources of income such as raising chickens, unfortunately It hasn't been able to make me get a big income as a capital for financial freedom.

This is really a bad temptation and I also started a new thread talking about this. At least you or we have realized this and just continue to work on the rest part. Come on.

Yes, it also sometimes makes me lose my money, which I have saved long enough to invest. Without realizing it, I buy the things I want on the same day. It's very difficult to control my desires, especially if we have money to buy everything we want. it feels like saving and investing are just dreams in awareness. Maybe we need to train slowly not to always follow what we want and easily spend the money we have, having financial management may be needed to be more organized in spending money.

I over spend most of the time - but during COVID - I started reducing my clutter and living a simple life. I don't go to market unless there is some need.
i stick to what is needed and come back home quick.
This practice is helping me save a little bit.

It should be like that but in conditions like this there are not a few people who find it very difficult to do something like this. Desire due to momentary emotions always comes where we have more money and it always happens because we realize it or not when our income goes up, the expenses we make will also go up. Maybe it doesn't happen to everyone, but on average it's like that because when we have money we can forget about saving or saving and this is what we regret in the end.

but when it is your bad time - all the wisdom goes to the forest.
We are general public. Yesterday I have heard in news that Indian conglomerate lost his $500billion to the hand of scammer. And he fell from world no 3 richest to the world no 7 richest. This is what bad luck and bad time can do to you despite of all the wisdom

everyone makes a mistake and we loose money little or big some point in the time
I have heard in the news that Indian Conglomerate has fallen from 3rd riches to the 7th richest after the loss of $500billion dollar - I don't even know how many zeros are in the figure. I would like to know what he has learnt form this experience in his life

I also think of all the mistakes I have done in last few years. Spending for many things uselessly.
But then again one of the biggest obstacle is the selfish and dirty people who came to your way - just to get money out of you and  play with your emotion. I wish I would have never fell prey to those people.

My biggest obstacle in achieving my goal of a financially free economy is when I have the temptation to shop for things that are not so important but must be owned, this is something that is difficult for me  to avoid , so that my savings never increase and my life is just like this, nothing changes.

It is important to have wisdom in using money and this is not easy,
regarding that, needs certainly need to be met and what is difficult to control is desire, that's why I think we need to reduce expenses that are not too important,
Achieving financial freedom is not easy, of course, because it requires sacrifice, as you said.

Money has been a problem ever since goods and services were created because you need it for maintenance, but it also takes a lot of effort and sacrifice to become financially independent because you have to be able to distinguish between need and want. This is particularly difficult because, as humans, we tend to focus on things that are not that crucial. so it takes determination to attain.

Most of us dream of financial freedom at the earliest, it completely depends on the environment, circumstances, capacity, conditions of each person.  In that respect, no comparison will be made between timing, age or progress.  The obstacle on my path to financial freedom is probably the problem of saving, I am a hard worker who earns money to accumulate but my expenses and expenses are quite easy and wasteful, in addition,  My investment choices weren't exactly well-timed and, importantly, I've never had any luck.

it is okie to help them - but not at the cost of your mental health
sometimes remaining silent doesn't mean that you don't understand - although I know what people does with me but - I change my track and leave all those who are using me for their benefits only.

Cutting people off needs courage, and some people do not have it, but it is necessary because you'll end up dragging them down or you'll get affected emotionally, which is very difficult as it could affect your life. Being helpful is best only to those who deserve it, not to those who are already exploiting you; the only solution is to talk to them and make them understand that they have crossed the line, or to cut them directly, but expect a lot of bash.

   -  Almost everyone wants to achieve financial freedom in their life. The problem is that most of them do not make a way to reach it, as if they only want to pay lip service, and only a few are determined and persistent in this matter.

Moreover, if anyone has reached this, the others do not have the discipline to spend on things that are not needed. So the result is that the money we have is spent on useless things. In short, we must know how to handle money and use it properly.