What is your biggest obstacle to achieving financial freedom ? - page 7.

Lorence.xD

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Quote from: Semar Mesem on April 06, 2023, 05:51:39 AM

In my opinion, the biggest obstacle that I feel is the temptation to buy, when we see interesting things, for example food, household appliances and others, it will be easy to buy, after buying it is sometimes not used, and from this fact, of course, I will get rid of these bad habits.

I think the examples you've mentioned could be consider "needs" for people in their house, like electric fan, AC, refrigerators and of course food. I think it wouldn't be a problem to use your funds in these and not consider as obstacle. Maybe your habit of spending your money in unnecessary things which is not very useful, that is the problem. Because in my case, whenever I need things on my house to easily operate things like vacuum cleaner of course I would buy it, and I don't think of it as a problem to achieve financial freedom, I rather have useful things in my home than to be called as financially free. Maybe my own obstacle to achieve it, is that I lack of investment for my future, to not worry about money since I have investment. I invest few but due to expenses its not that big, but I don't rush things so it would be better than nothing.

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Quote from: Marcellin9 on December 21, 2022, 09:12:11 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.

The common obstacles to achieving financial freedom inadequate are income or savings, poor financial planning, unexpected expenses or emergencies and tendency to living beyond means. All these factors can make it difficult to achieve financial freedom, however by setting financial goals and implementing right strategies, it is possible to overcome these obstacles & achieve financial goals.

Semar Mesem

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In my opinion, the biggest obstacle that I feel is the temptation to buy, when we see interesting things, for example food, household appliances and others, it will be easy to buy, after buying it is sometimes not used, and from this fact, of course, I will get rid of these bad habits.

Fredomago

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Quote from: slashz9 on April 04, 2023, 04:21:02 AM

When I have made money, it's hard to control my emotions and sometimes I trade too much, so the profit I get sometimes becomes a loss too.
but I guess I've had the experience that I have to be a little more alert and be more mindful again.
regarding monthly expenses I don't have a problem and I can control it.
only when I'm trading my emotions are sometimes unstable.

Good thing that you are good in your monthly expenses since it's also a hard thing to control when you are making money, if you are good in controlling your emotion there's a good chance that you will be able to work it out and make it better for you when you are doing it with your trading.

Just continue to work with your way of finding the right investment and the right assets to trade and learn how to limit your daily or weekly results.

Betwrong

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Quote from: Theones on March 31, 2023, 07:00:05 PM

Quote from: Betwrong on March 28, 2023, 07:51:56 AM

Quote from: soramon on March 24, 2023, 08:51:42 AM

For me there are few obstacle. First is job. Im a teacher my salary is really small. I want to switch career but i need to study hard. Second, im kinda helping my family to pay some bills. I still live on my parents home. Third, i have girlfriend that i want to marry as soon as possible. Maybe after i get a better job i can solve other 2 problems.

Marry her, man. Living together you spend less on many things than living by each own. Just think of it, and you'll figure out it yourself. In my opinion, one of the biggest obstacles to achieving financial freedom is thinking that you are not ready for something, marriage included. If you have three problems, solve the easiest one first. Finding a good paying job isn't the easiest one, that's what I'm sure of.

Life is not that easy after marriage too. But if you have a good partner then you both can manage well
and finding a good partner is not an easy task these days - if you luckily find a good partner value them

No one is saying life is easy. But we are not having a philosophical discussion here, rather, it's an economic one. From an economic perspective, it's easier for two persons of some low income to live together than separately. This way you spend less money on heating, Wi-Fi, cable TV ... And regarding food, it's cheaper to cook for two ... There are tons of reasons why it's better to unite, especially if you love each pther.

slashz9

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When I have made money, it's hard to control my emotions and sometimes I trade too much, so the profit I get sometimes becomes a loss too.
but I guess I've had the experience that I have to be a little more alert and be more mindful again.
regarding monthly expenses I don't have a problem and I can control it.
only when I'm trading my emotions are sometimes unstable.

stomachgrowls

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Quote from: Marcellin9 on December 21, 2022, 09:12:11 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.

Just be contented on what you do have but as a human being then it would really be just normal for our instincts to ask more that we do have and this is where we do thrive on having more income sources which it

would really make it happen to have that financial freedom but of course we do know that not all would really be ending up successfully on this path but rather they would really be just failing up no matter how
you do try, but we know that we cant know things unless we do try.

Just try to have that good money or financial management and having that lessening of unwise spendings which would lead you into something better.

concept2

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Quote from: Marcellin9 on December 21, 2022, 09:12:11 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.

Look, my dude, you know we all need that green to survive. But listen, financial freedom aint just about stacking more paper, it's about being the boss of your own finances. You gotta know what's up with your bank account, set some goals that actually make sense, and then go and get that dough. The main thing holding people back is their own damn head. Fear, no confidence, and just straight-up bad vibes can mess with your grind, but if you get your head right, you can ball out and make that cash money rain. Remember, it's a journey, not a destination, so enjoy the ride, put in that work, and don't stop till you get that paper. You got this, homie!

Theones

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Quote from: Dr.Osh on April 02, 2023, 11:41:20 PM

Quote from: woez on April 01, 2023, 04:01:28 AM

Quote from: Marcellin9 on March 29, 2023, 12:47:26 AM

Spending money on things that we want, not that we really need, is indeed a common problem. As our income increases, they are always some temptation awaiting us such as buying a new and luxury car. I have been there and even to this day, I think of these things sometimes. The more we experience, the more rational we get, generally speaking. Good advice here is that we can spare some time reviewing our expenses every two or three months to monitor our habit. If there is anything that should be considereed "unnecessary" items, avoid to buy them from now on. This helps a lot especially when you have a family to provide for.

Ah, the age-old dilemma of wants versus needs. It's easy to get caught up in the allure of shiny new things, but at what cost? Taking the time to regularly assess our spending habits and distinguishing between wants and needs can save us a lot of financial stress in the long run. Plus, think of all the peace of mind that comes with being able to provide for our loved ones without constantly worrying about unnecessary expenses.

being trapped between wants and needs is indeed one of the exact reasons why it is so difficult to achieve financial freedom. many people have accumulated assets or saved up to build the business of their dreams, or expand the business they have. however, sometimes they get caught up in needs and wants that are piecemeal, but that really gets in the way. buying cars, watches, and other luxury items is a challenge when your business is growing, or when you have money.
However, if you are in that position, all you need to do is change your habits, and write down the needs that you have. focusing on the targets we have is what needs to be prioritized. and recognizing the needs we really need, and the wants we have. maybe with that, then the obstacle will slowly disappear.

Simple life is the best approach to the great lifestyle
If you have lesser stuff and you have comfortable lifestyle then surely you are blessed person - the pendulum between wants and need is something which is pushing us to spend more money on the useless stuff.

Dr.Osh

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Quote from: woez on April 01, 2023, 04:01:28 AM

Quote from: Marcellin9 on March 29, 2023, 12:47:26 AM

Spending money on things that we want, not that we really need, is indeed a common problem. As our income increases, they are always some temptation awaiting us such as buying a new and luxury car. I have been there and even to this day, I think of these things sometimes. The more we experience, the more rational we get, generally speaking. Good advice here is that we can spare some time reviewing our expenses every two or three months to monitor our habit. If there is anything that should be considereed "unnecessary" items, avoid to buy them from now on. This helps a lot especially when you have a family to provide for.

Ah, the age-old dilemma of wants versus needs. It's easy to get caught up in the allure of shiny new things, but at what cost? Taking the time to regularly assess our spending habits and distinguishing between wants and needs can save us a lot of financial stress in the long run. Plus, think of all the peace of mind that comes with being able to provide for our loved ones without constantly worrying about unnecessary expenses.

being trapped between wants and needs is indeed one of the exact reasons why it is so difficult to achieve financial freedom. many people have accumulated assets or saved up to build the business of their dreams, or expand the business they have. however, sometimes they get caught up in needs and wants that are piecemeal, but that really gets in the way. buying cars, watches, and other luxury items is a challenge when your business is growing, or when you have money.
However, if you are in that position, all you need to do is change your habits, and write down the needs that you have. focusing on the targets we have is what needs to be prioritized. and recognizing the needs we really need, and the wants we have. maybe with that, then the obstacle will slowly disappear.

Jatiluhung

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Quote from: woez on April 01, 2023, 04:01:28 AM

Ah, the age-old dilemma of wants versus needs. It's easy to get caught up in the allure of shiny new things, but at what cost? Taking the time to regularly assess our spending habits and distinguishing between wants and needs can save us a lot of financial stress in the long run. Plus, think of all the peace of mind that comes with being able to provide for our loved ones without constantly worrying about unnecessary expenses.

Yes, it's true that sometimes we really have to spend a special time to evaluate our financial activities at any given time. This is done to make more mature planning in the future. and also an important step in managing finances to be more effective. but I think it's very rare for people to regularly evaluate their financial condition every certain period of time. so that sometimes the flow of money in and out is often irregular. especially in production. and to achieve financial freedom in the future. then things like Evaluation and Observation are also important in financial life and we have to start applying them in our lives.

Cryptock

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Quote from: jossiel on April 01, 2023, 04:33:01 AM

Quote from: Bitcoin2009 on March 31, 2023, 04:37:51 AM

My biggest obstacle to achieving financial freedom right now I'm just an employee who only relies on a monthly salary and often lacks money at the end of the month, this makes it difficult for me to save or invest, but the presence of bounties in this forum certainly makes me get additional income so that it can be a hope to achieve financial freedom .

You need to find a way to solve that problem and that's through having an additional source of income aside from the bounties because they're not secured and you might just waste your time there.

But if you're lucky enough to have some good adventures there and able to get rewards that are tradable and have given you some extra cash then that's good.

Being wise with the spending of that money is what you must do and you don't need to go that far because with the profit there, buy bitcoin and that's the investment that you need.

good point mentioned - even you earn lakhs but survival is very difficult these days.
If you do a side business - there are more expenses than profit. And it brings depression in return as well.

Cryptock

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Quote from: siniminomorocomunisakito on April 01, 2023, 04:58:48 AM

Quote from: Frankolala on December 22, 2022, 02:57:14 AM

My first obstacle to financial freedom is the government, they don't have enough job opportunities for people that is willing to work for them to be able to put food on their table, instead government comes up with harsh laws to control the citizens financial life by collaborating with financial institutes. That's why government in some countries banned cryptocurrency.

Corruption is a key factor, when the country is corrupt there will be less opportunity the common man to display his talent or skill in the society and achieve his goal,government cares less for citizens and only thinks in how to steal public funds and put their families in big positions in government, nepotism government.

I understand your frustration with the government's role in creating job opportunities and financial restrictions. Corruption and nepotism are certainly major problems in some countries, hindering economic growth and social mobility. However, it's important to remember that financial freedom isn't solely dependent on the government.

For me, my biggest obstacle is definitely impulse spending. It's like my brain goes on vacation when I see something shiny, and the next thing I know, my bank account is crying. I'm trying to work on it, though. what about you? What's your biggest obstacle to achieving financial freedom?

The biggest obstacle in my case is unusual expenses - which comes all of sudden - every month I plan to keep an emergency fund I forget. I never invest - the only time I invested - I was scammed. I plan to invest more in bitcoin.
I aspire to this and really hope that bitcoin will help me some time in future

Theones

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Quote from: siniminomorocomunisakito on April 01, 2023, 04:58:48 AM

Quote from: Frankolala on December 22, 2022, 02:57:14 AM

My first obstacle to financial freedom is the government, they don't have enough job opportunities for people that is willing to work for them to be able to put food on their table, instead government comes up with harsh laws to control the citizens financial life by collaborating with financial institutes. That's why government in some countries banned cryptocurrency.

Corruption is a key factor, when the country is corrupt there will be less opportunity the common man to display his talent or skill in the society and achieve his goal,government cares less for citizens and only thinks in how to steal public funds and put their families in big positions in government, nepotism government.

I understand your frustration with the government's role in creating job opportunities and financial restrictions. Corruption and nepotism are certainly major problems in some countries, hindering economic growth and social mobility. However, it's important to remember that financial freedom isn't solely dependent on the government.

For me, my biggest obstacle is definitely impulse spending. It's like my brain goes on vacation when I see something shiny, and the next thing I know, my bank account is crying. I'm trying to work on it, though. what about you? What's your biggest obstacle to achieving financial freedom?

There is a lot of frustration in our country against the gov procedures as well
from law enforcement agencies till the other government organisation bribe is very common and it has made the life of common man very bad.

siniminomorocomunisakito

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Quote from: Frankolala on December 22, 2022, 02:57:14 AM

My first obstacle to financial freedom is the government, they don't have enough job opportunities for people that is willing to work for them to be able to put food on their table, instead government comes up with harsh laws to control the citizens financial life by collaborating with financial institutes. That's why government in some countries banned cryptocurrency.

Corruption is a key factor, when the country is corrupt there will be less opportunity the common man to display his talent or skill in the society and achieve his goal,government cares less for citizens and only thinks in how to steal public funds and put their families in big positions in government, nepotism government.

I understand your frustration with the government's role in creating job opportunities and financial restrictions. Corruption and nepotism are certainly major problems in some countries, hindering economic growth and social mobility. However, it's important to remember that financial freedom isn't solely dependent on the government.

For me, my biggest obstacle is definitely impulse spending. It's like my brain goes on vacation when I see something shiny, and the next thing I know, my bank account is crying. I'm trying to work on it, though. what about you? What's your biggest obstacle to achieving financial freedom?

jossiel

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Quote from: Bitcoin2009 on March 31, 2023, 04:37:51 AM

My biggest obstacle to achieving financial freedom right now I'm just an employee who only relies on a monthly salary and often lacks money at the end of the month, this makes it difficult for me to save or invest, but the presence of bounties in this forum certainly makes me get additional income so that it can be a hope to achieve financial freedom .

You need to find a way to solve that problem and that's through having an additional source of income aside from the bounties because they're not secured and you might just waste your time there.

But if you're lucky enough to have some good adventures there and able to get rewards that are tradable and have given you some extra cash then that's good.

Being wise with the spending of that money is what you must do and you don't need to go that far because with the profit there, buy bitcoin and that's the investment that you need.

woez

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Quote from: Marcellin9 on March 29, 2023, 12:47:26 AM

Spending money on things that we want, not that we really need, is indeed a common problem. As our income increases, they are always some temptation awaiting us such as buying a new and luxury car. I have been there and even to this day, I think of these things sometimes. The more we experience, the more rational we get, generally speaking. Good advice here is that we can spare some time reviewing our expenses every two or three months to monitor our habit. If there is anything that should be considereed "unnecessary" items, avoid to buy them from now on. This helps a lot especially when you have a family to provide for.

Ah, the age-old dilemma of wants versus needs. It's easy to get caught up in the allure of shiny new things, but at what cost? Taking the time to regularly assess our spending habits and distinguishing between wants and needs can save us a lot of financial stress in the long run. Plus, think of all the peace of mind that comes with being able to provide for our loved ones without constantly worrying about unnecessary expenses.

Fredomago

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Quote from: inthelongrun on March 31, 2023, 08:23:04 AM

Quote from: Z390 on March 31, 2023, 02:16:22 AM

The biggest obstacle for me is enough money or a good source of income, you can't rely on jobs only to become financially free, paycheck will always be paycheck because you as a man already have some responsibilities, it's either you have more than one jobs or you find another source of income, you can't invest for a better future if you don't have more than one source of income. It will be even more easier if you are a man of talent, and you have your own business, you will only need to work on your business.

That is true, unless those people are already born rich, they can invest right away or start their own business to their liking. Ordinary people like us need to grind harder for us to have extra funding for investment purposes. It is what it is, we got to sacrifice part of our lives to reach the goals we dreamed of.

In terms of talent, each of us has special skills and talents. The difference though is we may not be able to work it out or we also need to sacrifice a lot like spending money or leaving our job to pursue a career that fits our natural talents. So this is also another advantage to those that are born rich already, they can easily go to any school and take their hobbies, interests, and talent to a different level.

But we just have to be positive and continue striving for the best. We may start from the dust but once we achieve that success that we worked hard for, it is a great feeling of success.

Agree on that last part of your statement, it's hard but when we already recognized the right pattern and we achieve that success the feeling that can be felt inside is really appreciative, you are the one who will draw your future success, even it's coming from the scratch if your determination to learn is there you never know when that success will comes to you.

Difficult in terms of finding the right direction, you needed to put more time and efforts little by little until you succeed.

Theones

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Quote from: Betwrong on March 28, 2023, 07:51:56 AM

Quote from: soramon on March 24, 2023, 08:51:42 AM

For me there are few obstacle. First is job. Im a teacher my salary is really small. I want to switch career but i need to study hard. Second, im kinda helping my family to pay some bills. I still live on my parents home. Third, i have girlfriend that i want to marry as soon as possible. Maybe after i get a better job i can solve other 2 problems.

Marry her, man. Living together you spend less on many things than living by each own. Just think of it, and you'll figure out it yourself. In my opinion, one of the biggest obstacles to achieving financial freedom is thinking that you are not ready for something, marriage included. If you have three problems, solve the easiest one first. Finding a good paying job isn't the easiest one, that's what I'm sure of.

Life is not that easy after marriage too. But if you have a good partner then you both can manage well
and finding a good partner is not an easy task these days - if you luckily find a good partner value them

Davian144

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Quote from: super bako on March 24, 2023, 01:08:09 PM

different conditions but one goal, determination and enthusiasm, discipline, focus most people can't be consistent about that strength. if that power is strong within us I think it can guarantee you can achieve the things you want. when people are in a down position there will be extraordinary ideas in our minds. money doesn't have to be a large amount to start us developing, management will be arranged by ourselves

I agree with the point you said where money doesn't have to be too big to start development in life or in building a business because the will must be bigger than money which is basically the initial capital. But if someone has more money, that won't be any worse as long as their desire to grow is also great, because right now there are still people who have a lot of money but don't have the ideas to make themselves grow. So it's not just about how much money he has, but also how willing he is to start and run better things.

Quote from: 19Nov16 on March 28, 2023, 10:35:03 AM

Yes it's true, sometimes the beginning of success is from adversity, I've also experienced bad conditions, namely having no money, I pawned my motorbike and then I used the money to trade fruit and vegetables, and now I'm happy because the business I'm running makes me feel enough and plan expansion into other businesses.

This means that you manage the capital from pawning your motorbike better so that it makes your business grow and you feel satisfaction because of this. And it happens based on the will that you have to keep getting up after being down with the previous business. You really are fighting an extraordinary and deserve to get progress in your business now.

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