What is your biggest obstacle to achieving financial freedom ? - page 8.

inthelongrun

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Quote from: Z390 on March 31, 2023, 03:16:22 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.

Bitcoin2009

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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 .

Marcellin9

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Quote from: xSkylarx on March 31, 2023, 02:30:13 AM

Quote from: woez on March 31, 2023, 12:10:32 AM

Quote from: Obari on March 29, 2023, 03:38:44 AM

Basically one major factor I have holding me back is capital and it is truly that we have to chase money or get forced to chase money at some stages of life and just as my dad will always tell me that money answereth all things and money is one of greatest elements that adds value to a human.
I believe there are several persons out there with great skills and talents but inadequate capital or finance to push or achieve their goals and desires and most times, the country one hails from plays a major role in how well one will easily grow financially.
In conclusion, capital and my country is one of the major reason or restrain to financial freedom.

Another solution to the challenge of limited capital is to look for financing alternatives, such as crowdfunding or peer-to-peer lending. I think this Method can offer a more accessible and affordable way to access funding, especially for those who may not qualify for a traditional bank loan.

Also, looking for ways to generate additional streams of income may be helpful, such as through freelancing, investing, or starting a side business. By diversifying one's sources of income, individuals can build greater financial security and potentially accelerate their path to financial freedom.

Thats the possibility, and there are still businessmen or like rich people who will fund you if you have a great idea for your business, but again, you should have a gold idea on how to run your business to be successful because no matter how you got your money for capital, you should be able to repay it back unless you have another plan to pay it back. Business is really the first choice of the people to become financially free because if your business is a success, you could retire early.

Funds from investors(VCs) are both helpful and dangerous. Even with a gold idea of business, anyone could end up in failure if anything in the process goes wrong. The thing is that some people (with resources and know how to get the money without paying back if failed at last) can always gain huge profit when the business turns great while just walk away if the business goes south. For most people like us, we have to accumulate enough wealth in order to start our own business without paying anything back if the busiess turns to be a failure. My father and many people from his generation have set great examples to me so I like to use my own capital to generate steady income gradually. Borrowing money for starting a business ? Never for me.

Z390

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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.

xSkylarx

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Quote from: woez on March 31, 2023, 12:10:32 AM

Quote from: Obari on March 29, 2023, 03:38:44 AM

Basically one major factor I have holding me back is capital and it is truly that we have to chase money or get forced to chase money at some stages of life and just as my dad will always tell me that money answereth all things and money is one of greatest elements that adds value to a human.
I believe there are several persons out there with great skills and talents but inadequate capital or finance to push or achieve their goals and desires and most times, the country one hails from plays a major role in how well one will easily grow financially.
In conclusion, capital and my country is one of the major reason or restrain to financial freedom.

Another solution to the challenge of limited capital is to look for financing alternatives, such as crowdfunding or peer-to-peer lending. I think this Method can offer a more accessible and affordable way to access funding, especially for those who may not qualify for a traditional bank loan.

Also, looking for ways to generate additional streams of income may be helpful, such as through freelancing, investing, or starting a side business. By diversifying one's sources of income, individuals can build greater financial security and potentially accelerate their path to financial freedom.

Thats the possibility, and there are still businessmen or like rich people who will fund you if you have a great idea for your business, but again, you should have a gold idea on how to run your business to be successful because no matter how you got your money for capital, you should be able to repay it back unless you have another plan to pay it back. Business is really the first choice of the people to become financially free because if your business is a success, you could retire early.

slapper

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Quote from: Obari on March 29, 2023, 03:38:44 AM

Basically one major factor I have holding me back is capital and it is truly that we have to chase money or get forced to chase money at some stages of life and just as my dad will always tell me that money answereth all things and money is one of greatest elements that adds value to a human.
I believe there are several persons out there with great skills and talents but inadequate capital or finance to push or achieve their goals and desires and most times, the country one hails from plays a major role in how well one will easily grow financially.
In conclusion, capital and my country is one of the major reason or restrain to financial freedom.

Cash may be the ruler, folks, but we can still wear the crown in our own existence. It's about seizing control of our fate and refusing to let limited funds chain us down. Sure, it's intimidating, but isn't that what gives it that exhilarating edge?

Starting doesn't require heaps of cash. It's all about pinpointing that one aspect that makes us stand out and capitalizing on it. Be it a skill, a gift, or even a leisure pursuit. What matters is to keep a positive attitude, persist in the grind, and never admit defeat.

And you know what? If everything goes south, we can always turn pro in sports. Who needs dough when you've got a slammin' jump shot, right?

woez

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Quote from: Obari on March 29, 2023, 03:38:44 AM

Basically one major factor I have holding me back is capital and it is truly that we have to chase money or get forced to chase money at some stages of life and just as my dad will always tell me that money answereth all things and money is one of greatest elements that adds value to a human.
I believe there are several persons out there with great skills and talents but inadequate capital or finance to push or achieve their goals and desires and most times, the country one hails from plays a major role in how well one will easily grow financially.
In conclusion, capital and my country is one of the major reason or restrain to financial freedom.

Another solution to the challenge of limited capital is to look for financing alternatives, such as crowdfunding or peer-to-peer lending. I think this Method can offer a more accessible and affordable way to access funding, especially for those who may not qualify for a traditional bank loan.

Also, looking for ways to generate additional streams of income may be helpful, such as through freelancing, investing, or starting a side business. By diversifying one's sources of income, individuals can build greater financial security and potentially accelerate their path to financial freedom.

Obari

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Quote from: Inwestour on March 30, 2023, 06:18:30 AM

Quote from: Obari on March 29, 2023, 03:38:44 AM

Basically one major factor I have holding me back is capital and it is truly that we have to chase money or get forced to chase money at some stages of life and just as my dad will always tell me that money answereth all things and money is one of greatest elements that adds value to a human.
I believe there are several persons out there with great skills and talents but inadequate capital or finance to push or achieve their goals and desires and most times, the country one hails from plays a major role in how well one will easily grow financially.
In conclusion, capital and my country is one of the major reason or restrain to financial freedom.

Surely there are rich people in your country too, somehow they were able to achieve such a standard of living, in every country there are rich, middle class and poor. I agree that there are countries with a higher standard of living where there are many social programs from the government that support the less well-off segments of the population. And if you think that you will have more chances in such a country, then set yourself the goal of migrating to such a country. If your well-being depends on it, then try to leave your comfort zone and try to achieve more.

What do you mean by comfort zone please ?
I basically talked about capital as the major challenge I and most people face in my countr, I also understand that in every society, there are three classes of people, from the higher class to middle class and down to the lower class but also remember that I talked about the ease of achieving things in ones country and that was why I used my country as a case study as compared with American and I read of a story about the united state where it's citizens where paid monthly especially the elderly and I was moved and wish my country was so but no my country will tax it's citizens even on their phone calls and also on the food they buy from eateries and yet can't provide the basic amenities and how do you expect life to be easy for people in such country.
People are doing well in my country and it takes grace and extreme effort to live a comfortable life in a country like mine .

Inwestour

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Quote from: Obari on March 29, 2023, 03:38:44 AM

Basically one major factor I have holding me back is capital and it is truly that we have to chase money or get forced to chase money at some stages of life and just as my dad will always tell me that money answereth all things and money is one of greatest elements that adds value to a human.
I believe there are several persons out there with great skills and talents but inadequate capital or finance to push or achieve their goals and desires and most times, the country one hails from plays a major role in how well one will easily grow financially.
In conclusion, capital and my country is one of the major reason or restrain to financial freedom.

Surely there are rich people in your country too, somehow they were able to achieve such a standard of living, in every country there are rich, middle class and poor. I agree that there are countries with a higher standard of living where there are many social programs from the government that support the less well-off segments of the population. And if you think that you will have more chances in such a country, then set yourself the goal of migrating to such a country. If your well-being depends on it, then try to leave your comfort zone and try to achieve more.

xSkylarx

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Quote from: Sir Legend on March 30, 2023, 12:25:25 AM

My biggest obstacle to achieving financial freedom is wasteful and easily tempted to buy anything that looks interesting, of course it's normal when we pass a restaurant with an interesting menu and lots of visitors to make us curious to try it, besides that I'm also too easy to change gadgets and sometimes it can be 3 times a year.

This seems to be solved by going to a psychologist to fix yourself, unlike finding money now with the pandemic, high inflation, and unemployment rates. People are struggling to find jobs or side hustles, suffering from low wages, and their salaries are not enough for them. Lucky for you, you have something to spend, unlike others who dream of going to a restaurant to eat. What I recommend to you is to form a habit such as exercising or doing anything that keeps you busy or has a low salary to prevent this from happening. lol

Sir Legend

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My biggest obstacle to achieving financial freedom is wasteful and easily tempted to buy anything that looks interesting, of course it's normal when we pass a restaurant with an interesting menu and lots of visitors to make us curious to try it, besides that I'm also too easy to change gadgets and sometimes it can be 3 times a year.

BenCodie

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Quote from: Pierre 2 on March 29, 2023, 02:49:50 AM

Mine is definitely working and high inflation.

This is going to be a problem for a lot of people. I believe that the only way to combat it is to use Bitcoin as a savings account (instead of actually using a fiat savings account). If the "Bitcoin as an inflation hedge" theory is true (which I personally believe is a definite long-term solution to inflation) then this is the only way to combat this problem.

Quote from: Pierre 2 on March 29, 2023, 02:49:50 AM

You may say that working is good way to reach financial freedom although when your wages are so low if you live in 2nd world country.

I would have agreed in the past...now, I think that work is a good temporary measure to build the platform needed to succeed as an entrepreneur. If you can't find other opportunities, work, build a small platform, try starting a business or venture and if you fail, repeat until it works.

Obari

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Basically one major factor I have holding me back is capital and it is truly that we have to chase money or get forced to chase money at some stages of life and just as my dad will always tell me that money answereth all things and money is one of greatest elements that adds value to a human.
I believe there are several persons out there with great skills and talents but inadequate capital or finance to push or achieve their goals and desires and most times, the country one hails from plays a major role in how well one will easily grow financially.
In conclusion, capital and my country is one of the major reason or restrain to financial freedom.

Pierre 2

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Mine is definitely working and high inflation. You may say that working is good way to reach financial freedom although when your wages are so low if you live in 2nd world country. Also working steals your life away. If I was able to look for more trade opportunities in crypto markets or even regular stocks I could probably make more money. But I need to work for health insurance and retirement benefits. Also inflation kills your wealth away even if you save huge amount of money. Its so sad I feel like wage slave.

Marcellin9

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Quote from: deathcode on March 28, 2023, 04:22:45 PM

Quote from: Fakhrulenclix on March 23, 2023, 11:10:09 AM

The biggest obstacle that keeps us trapped in financial freedom is that we often buy or spend things we want when we don't need those things.
we are not able to control our passions to buy a product that we do not need it.
I think to achieve financial freedom is to control spending efficiently and not have debt. and try to have several sources of income.

Yes, you are absolutely right, I think what has always been the biggest obstacle for us to achieve our financial freedom is actually a factor from ourselves. Every individual must always have the lust and desire to fulfill what they want even though something is not what they need. Sometimes when someone has just a little more money, they will definitely be tempted to fulfill their desires or pursue prestige and luxury.
And sometimes every ordinary human being always has the desire to always be looked up to or respected and respected by others by living life excessively and with high prestige which is actually beyond their ability.
The biggest enemy for all of us to achieve financial freedom does not come from outside but from ourselves. When we can't control our passions or we can't control our own expenses, we definitely won't achieve financial freedom.

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.

Jatiluhung

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Quote from: 19Nov16 on March 28, 2023, 11:35:03 AM

Quote from: super bako on March 24, 2023, 02:08:09 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

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.

Yes, it's true that difficult situations can even make a person's mindset more courageous in making decisions and dare to try new things. but the obstacle in all of that is the level of discipline and consistency in running our business which sometimes goes down and up. our moods change all the time. and these rights can affect our performance in business.

if we can continue to be disciplined and consistent in working hard and managing finances, we can achieve financial freedom in the future.

deathcode

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Quote from: Fakhrulenclix on March 23, 2023, 11:10:09 AM

The biggest obstacle that keeps us trapped in financial freedom is that we often buy or spend things we want when we don't need those things.
we are not able to control our passions to buy a product that we do not need it.
I think to achieve financial freedom is to control spending efficiently and not have debt. and try to have several sources of income.

Yes, you are absolutely right, I think what has always been the biggest obstacle for us to achieve our financial freedom is actually a factor from ourselves. Every individual must always have the lust and desire to fulfill what they want even though something is not what they need. Sometimes when someone has just a little more money, they will definitely be tempted to fulfill their desires or pursue prestige and luxury.
And sometimes every ordinary human being always has the desire to always be looked up to or respected and respected by others by living life excessively and with high prestige which is actually beyond their ability.
The biggest enemy for all of us to achieve financial freedom does not come from outside but from ourselves. When we can't control our passions or we can't control our own expenses, we definitely won't achieve financial freedom.

ichsan ardi

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Quote from: Marcellin9 on December 21, 2022, 10:12:11 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.

there are several factors that influence me to achieve financial freedom, such as lack of access to the latest information, lack of experience, which makes me feel more afraid of taking risks to get out of my comfort zone, lack of support from the closest people, which makes me less confident, maybe that's the Several factors prevented me from achieving this goal.

19Nov16

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Quote from: super bako on March 24, 2023, 02:08:09 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

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.

Betwrong

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Quote from: soramon on March 24, 2023, 09:51:42 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.

Topic: What is your biggest obstacle to achieving financial freedom ? - page 8. (Read 3987 times)