What are the obstacles to achieving financial freedom?

[Suba]

Financial freedom is everyone's dream, but many people misinterpret that financial freedom is where someone has abundant wealth and has a lot of money but is afraid to spend it so he becomes stingy with himself. Financial freedom is often interpreted as where a person has complete control over finances so that he can make choices based on his desires and goals and is not limited by the amount of money he will spend. Of course, it is not easy to achieve financial freedom, the road is not as smooth as a toll road, of course there will be many obstacles. In your opinion, what are the obstacles to achieving financial freedom?

 

[Fidelia]

The main obstacles that can block someone from achieving financial freedom is indiscipline and financial recklessness displayed through impulse buying. Some people can't control their longings and would buy anything abd everything.

 

[neku]

Professionals and investors from poorer communities find that the rich and powerful are always trying to grab their resume, savings, are extremely vicious in spreading fake rumors to ruin their reputation.

 

[freelancermaria]

Acquiring financial freedom can be challenging due to specific barriers. One of the main hurdles is poor spending habits. Many individuals tend to obtain unnecessary items that they do not need, leading to a lack of self-discipline.

 

[Fidelia]

One of the biggest obstacles to achieving financial freedom is just low income. When your income is low, there is only so much you can do in terms of investment and savings.

 

[Augusta]

T

One of the biggest obstacles to achieving financial freedom is just low income. When your income is low, there is only so much you can do in terms of investment and savings.

That's right for a whole lot of people I know it is low income. it is not that they are not working but the income is meagre

 

[King Belieal]

T

That's right for a whole lot of people I know it is low income. it is not that they are not working but the income is meagre

I would agree totally. Some of them have the business skills and ideas to break out from poverty completely but their income is low and no one to give them that bit of financial boost.

 

[Starmix]

There are many obstacles in achieving financial freedom and one is financial literacy. One must must attend seminars on how to be financially literate. It is in this manner one will know how to acquire financial freedom.

 

[eLdavis]

When it comes to achieving your goals, I believe the major problem or obstacles would be your very self. The things we see as obstacles are things we allow to be obstacles.

 

[Starmix]

One obstacle is no self - control of the person's extravagance, or the fluctuating prices in the market. Another is refusal to invest and prefer only saving in the bank which never accumulates interest.

 

[King Belieal]

For some people though, even government policies has hindered them and slowed down their businesses and by extension, their dreams. That has made it difficult for them to achieve financial freedom.

 

[Springtime]

There are many obstacles to obtaining financial freedom. To name a few. Low income, no discipline in spending.

 

[Starmix]

Indeed there are many obstacles in achieving financial freedom and it mostly happens if do this when you are already about to retire. You can't anymore acquire passive income through investment if already old to venture investment.

 

[Nomad]

Low income and high expenses are the two major reasons for not being able to achieve financial freedom.

 

[Stardom22]

The common challenges for one to achieve the financial freedom are;
Lack of permanent sources of income.
Lack of sufficient financial management knowledge and technical know-how
Poor financial decision making tactics among others.

 

[AruneBend]

Every person has different goals for me financial freedom is where I can buy things without saving too much or overthinking it's still not easy competition etc

 

[Starmix]

There are many obstacles one is the inflation rate. Because of this, one finds it hard to invest in something that yields high return because of such problem.

 

[Stardom22]

One of the main obstacles that l have seen mostly is the constantly losses that is being caused by the business activities that we oftenly operate.

 

[Starmix]

There are ,any obstacles in achieving a financial freedom one is the root cause which is born not wealthy. Those born with a silver spoon never experience financial problems .