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.
One of the biggest obstacles to achieving financial freedom for many people is the burden of debt. Whether it's credit card debt, student loans, or a mortgage, debt can make it difficult to save and invest for the future. High interest rates and monthly payments can make it hard to make ends meet, and it can feel like you're stuck in a never-ending cycle of paying off bills.
Another obstacle that can hold people back from achieving financial freedom is lack of financial education. Without a solid understanding of personal finance, it can be difficult to make smart decisions about money. People may not know how to budget, save, or invest their money effectively. They may also fall prey to financial scams or make poor decisions because they don't understand the risks involved.
For now the current situation im in then it would be on credit card debt+mortgage debt which it is really that something that would really prohibit you having that financial freedom.
I had just realized that im really just wasting off too much time and money for things which arent really making that return or something that do talks about investment but rather i do
really focuses up too much on liabilities.
Im gradually trying out pay up all of these things and would really avoid it as much as i could if ever i do able to finish this on particular time.It do really sucks
when you are really into this kind of situation.