Topic: What is your biggest obstacle to achieving financial freedom ? - page 28. (Read 4194 times)

Yes, yes you are really hit that, the true of life is. especially when you get unexpected things that need a lot of money. and if you live on sandwich generation that have to pay your parent living is make even getting  crazy right hahah.

Im person that needs people who can teach me directly to be honest. i still can learn from online though but when face a problem i can make the things right.

but i have some kind of dream to become youtube content creator and earn from it, and I already make the youtube even tho is very small channel and has only 450 people on it. i want this happen and till this date i still upload a video day by day

When you're already know getting a well payed job is really hard with your current condition, why you're not upgrading your skill and only make a wish to get a better job? that's the main problem.

I've read many books and I found a good sentence which it's fit for you: "don't chase money, make the money chase you"

This mean when you're not satisfy with your current payment and looking for new or another job, you wouldn't make much money. But if you have a good skills and knowledge, people who're looking for your skills will try to find you and offer a good payment.

The biggest obstacle here is that there aren't enough jobs that pay decently. So you go to college, spend a good deal of money, sacrifice a lot, end up working long hours in a job that is not fit to your degree, or that which you don't love, and receive a salary that is not commensurate to your effort. This is a big obstacle.

Now, what to do? You either have to stick and grow old (and fast) with it or you will look for other ways to survive. You might want to start a small business, but then that requires a starting capital. If you have saved enough to start one, might be better, but then there's no guarantee it will succeed.

I think no. It's not our fault in the first place on why we are poor but it was the fault of our parents because they did not try hard to give us a good life but we shouldn't always blame them for this. We must still be thankful because if not because of them we aren't here now.

There are still a way to change our life for the better. We should only be courageous and keep on trying. Other than that, I think luck plays a major role too. There are times where no matter hard we try, we still can't get what we want but there are people who try less and yet they became successful in an instant. I guess this is what they say that life is sometimes not fair.

All starts on having a lots of money because you cant really make a move if you dont have money which is really a fact.Therefore, you do still need to do lots of hardwork and lots of saving up some money

but due to some circumstances where spending or simply expenses soars up high plus having those unexpected happenings or events in life which ending up for you to spend more then it is really

delaying on things that you are trying to achieve on.This is something that we cant really be able to avoid unless if you do have some big inheritance from your parents or something
which you could really be having that a good start up.

The hardest is getting the minimum that allows you to have income on the side and not worry about losing your job or having unexpected expenses.
Basically financial freedom is when you have enough money on the side to cover all expenses, even those that come out of the blue, so either you inherit millions or get something that will generate a steady flow of money, like a business that you allow someone to franchise, or invent something that other people use and pay you for. There are many options, the easiest being long term renting of real estate, like to a store or a bank. I know a guy who had a building and rented it out to a bank that rebuilt it and has been using it for over 10 years now, giving the guy passive income equal to a full time job.

You are absolutely correct, Money is a defense, so says the bible, i guess God knew how important money really is to man which is why he said that.
Money is the root of all evil is said because not having money have pushed alot of persons to committing a lot of evils in order to get it.

i will speak in reference to crypto since that is why we all are here, I've haven't just been able to find and invest in the right crypto project early, as i understand it, in this space, finding and investing in the right project early enough is how money is made, but i am never loosing hope, since i personally believe there is time for everything, it doesn't matter how long it takes, any time the universe decides its time for one to find success, as long that person is consistent with whatever he or she is doing, success would surely come.

I guess this is also my blocker. Whether you have a huge or low income, the lifestyle changes and you have to sustain it. If you want to go along with the lifestyle that you've used to live with then you need to generate income as much as you can to continue it.
But if you can't, it's hard to degrade your lifestyle because you might feel the problem is you because you can't maintain it. As someone who felt it, I certainly, lifestyle is one of the blockers that anyone can have. Yet if you're flexible then this isn't a matter for you to consider as a blockage for financial freedom.

Exposure is one of the major thing that restrict man from gaining and achieving their financial freedom most especially me, from most of my day to day meetings with colleagues and friends they always emphasis on exposure. Keep in mind when talking of exposure this includes; Lack of connection, Feeling shy (not too open to people), lack of understanding, and unwilling to make a change at the right time. Now i will explain all this serially and why i listed it.

i- Feeling Shy: This is a killer of man it reduces your connection from friends and you could hardly communicates with people, at this point there are every tendency you could lose any working opportunity that may possibly comes from your friends or any pressure group due to your inability to speak out.

ii- Lack of connections: As we all know, connections are what kept us going around the world anyone who lack communication could have a very slim chance to work and get employed and you know what that mean? There are some work that could possibly change your story in life. I was a victim of this.

iii- Lack of understanding: This refers to the sets of people that doesn't go any school or finds it difficult to read and communicates due to lack knowledge may limits them not to quickly achieved their financial freedom. It's very essential to at least know how to read and write this would really sharpping your success story. Permits me to includes this here Hosea 4:6a says " My people are destroyed for lack of knowledge".

iv- Unwilling to make a change at the right time: This is another major factor that restrict man from achieving his financial freedom, for instance you had a particular principle which you knew and have been applying for long and is not working out for you, instead of you to change and try another way round you would decides to stick on the pattern or way you are being taught forgetting we are in a computerized and digitalize age instead of adapting to the new system you choose to stick on your old version of skills which won't take you anywhere and believe me or not, no one would like to employ someone like you to work for him or her.

The inflation crisis has been a big challenge to everyone these days. No matter how good our job is, we are still hardly affected by the price increase of our necessities. We are having a hard time saving because we have lots of expensive expenses and bills to pay. We are still facing financial problems despite our wise financial management. The government who is also not doing its responsibility to take action on this also hinders us to reach the financial freedom that we want. However, the best thing that we can do is just to double our hard work so we could deal with these challenges.

My biggest obstacle towards financial freedom is my parents needs since they are relying on while I still have my own family to sustain. I have a good salary rate in my current job and it was super sufficient if I only spending my salary for my own family. I was stuck on this kind of setup even though I will be having my first child next year. I don’t know exactly how I can survive this but I’m relying on my Bitcoin investment in the future to save me on this loop hole in my life.

I constantly saving small part of my job salary and forum salary on crypto secretly. I will continue this savings until my Bitcoin grow to help me escape on this financial obstacle.

That is so true, especially in third world countries. Government of these countries do not know how to provide for heir citizens in terms of employment and social welfare. No enough jobs for the people who have gotten trainings from schools. Unemployment rate keeps hitting high and dependency of extended family members and friends keep draining the few who have jobs.


That is big problem that has caused many financial difficulties eventhough they have jobs that fetches them money. The salaries earned become less than their value because inflation has eaten it up.

Financial freedom is indeed a common goal that I have heard from other people, but it is very rare for people who really achieve it perfectly, even those who are already perfect, to have to swallow bankruptcy that destroys them.
I personally am a part-time worker who earns enough salary and I am still in university, it is very difficult for me to say financial freedom because there is no support from my parents and from my income I can only save a small part.
But despite all the obstacles I'm currently experiencing, I continue to save in bitcoins even though it's only a small decimal that I accumulate each month, but I'm still very excited.

Not having the required capital or fund is the major obstacle for every common and if will look closely the major source of the problem is either no adequate job or skills.
In this current economy, there's no way you won't work under someone or a company if you don't have the needed resource fund and skills. An example is a casino you represent on this forum.

The biggest obstacle is probably the time to be able to produce it doesn't seem to be optimal so we can't get more income to be able to achieve the financial freedom we want. But I still believe that someday, I will be able to achieve the financial freedom I want and I still have to work hard from now on. There will be challenges to making more money, but we must keep going if we want to achieve it and remain confident that we can get what we want.

I believe our lifestyle is the major obstacle in achieving the financial freedom. We are social animals and the society plays a big role in our lifestyle. We always keep on upgrading our lifestyle as our income grows and that's where we all make mistakes. We should keep a consistent lifestyle even if our income keeps on growing.

I will give you my example. I used to drive a very small and basic car since 2015. It was a zero maintenance car with low fuel consumption. Now in 2021, I had upgraded to a SUV. I didn't need that car but I bought it anyways just because my wife wanted to show off. The amount of EMI just tripled and the maintenance became expensive. I could have easily saved that additional amount of money. But my lifestyle didn't allow me so do so.

So for me, my lifestyle is the biggest blocker to achieve financial freedom early in life.

If you put your chance only because of government policy, you don't have financial freedom. In every corner of the workspace, you'll get more specific policies under the leadership of people. If the government wasn't involved with making laws, you might be even more oppressed. Don't always blame the government at every occasion, just change your mindset.

Probably taking the risk to shift careers and staying in our comfort zone. I am a family man who will need to provide for the family on daily basis and if I don't get enough money then we have nothing to it. I really want to pursue my career as a programmer as I am sure this is where I can achieve my financial freedom as it has a high-paying salary but again its because I am a family man I can't risk it to like learn or bring back my skills on this for a couple of months because I do have a family to feed and also I want to stay into a comfort zone as I am always thinking that it would be a difficult journey to me. But for now, I really want to prioritize my family needs first before achieving my career so it is between career and family

Inflation which has continued to rise this year has caused the price of necessities to rise while income has not increased enough to cover all the increased costs of living, the increase in the cost of living has forced many people including me to reduce percentages to invest and save, and often have to use savings to cover shortfalls as well health costs are not cheap, this makes it difficult for me to have financial freedom.

Financial freedom is either a result of inheritance, family tradition passed down, or a result of the reward for value offered by an individual.
For me i think focusing on the last statement which involves being or having something of value that others need, or better put, being or having the solution to other peoples needs, can offer one financial freedom. It has to do with making a decision at the point of realization that this is what you want to do inorder to contribute your quota to society and thus make a name for yourself. To stay consistent and improve constantly will make those with the money come looking for you.
The biggest obstacle so far is making and sticking to the right decision upon early realization.