Money Obstacles – 8 Obstacles To Avoid If You Want Financial Freedom

money obstacles

Are you sick of money obstacles? Join the club! Here are 8 obstacles to avoid or jump over if you want financial freedom (which I am sure you do!)

When it comes to achieving financial success, there is a chance that you will meet a few obstacles along the way.

This is normal!

However just because it’s normal doesn’t mean you need to shirk away from every obstacle or challenge that you face in life.

To the contrary, it means you should consider doing the complete opposite – facing these money obstacles and conquering them with confidence and determination.

In this instance, knowledge is power.

If financial freedom is waiting for you on the other side of these obstacles why not do your best to jump over them?

Many people never attain financial independence simply because they refuse to face conquering these hurdles head on.

This is such a shame, especially as these obstacles can be avoided.

Unless you want to be one of those people that work for 40+ years and still can’t retire because you haven’t accumulated enough money over the years, I want you consider approaching these obstacles in a different way.

With financial independence, you have the freedom to live any way that you choose.

Here are 8 obstacles to avoid or JUMP OVER on your way to financial independence:


1 – Waiting too long to begin saving and investing.

Time can be your friend or your enemy when it comes to investing.

  • When you start early, it’s amazing how little you have to save each month to become wealthy by retirement age.
  • However, if you wait too long, you will need to dramatically increase how much you have to save each month to reach the same level of savings.
  • Use one of the online savings calculators and prove it to yourself. Play around with the contribution amounts and the number of years.


2 – A lack of financial goals.

You’re just floating adrift if you don’t have financial goals.

Goals provide a context for choosing your behaviors and making other important decisions.

  • If you don’t have financial goals, now is the time to make them.


3 – A lack of an emergency fund.

An emergency fund isn’t very exciting, but it can have a large effect on your financial independence.

Without an emergency fund, you can be forced to dip into your savings or your retirement accounts.

This can be devastating.

It’s much more satisfying to know you have a safety net you can fall back onto.


4 – A greater interest in short-term pleasure than long-term security.

Would you rather enjoy a pizza or look good on the beach next summer?

Would you rather buy something you don’t really need or save the money for the future?

Sometimes it really is a question of short-term pleasure versus long term gain.

Short-term enjoyment is the enemy of long-term progress.


5 – A failure to maximize income.

How much you save is obviously impacted by how much you earn.

Make a real effort to maximize your career growth.

Do what you can to increase your earnings.

Too many people just settle into a comfortable job and ride it out as long as they can.

Note: it doesn’t have to be this way!


6 – Overspending.

The more you spend, the less you can save.

It’s that simple.

You’d be surprised how many wealthy people spend relatively little.

My own father retired at age 49 however he was always quite frugal in nature.

I absolutely loved seeing how that helped lead to his financial freedom.

  • Take a look at your own spending now over the last few years and think about what you have to show for it. Would you rather have those items, or would you rather have all of that money back? This is such a valuable question to ask.


7 – Too much debt.

Debt is another roadblock to your financial independence.

Debt is just spending with added interest.

Debt is a major source of stress, too.

Do your best to pay off your debt to the best of your ability.

Keep in mind that the less debt you have, the more money you can save.


8 – Caring too much about what others think.

Why do you want to live in a fancier, and larger, home than you need?

Why do you want an expensive car?

If you’re honest with yourself, it’s largely to impress others (unless that really is your personal preference).

  • Ask yourself what car you would purchase if no one would ever see it or know about it. Like literally NO ONE. Would it matter to you if your dress cost $10 or $100 or $1000?

In the end, we all have the ability to strive for the goal of financial independence.

Out of all the goals we can set, this is a great one as it leads to more freedom in your future, to do what you please without having to work until old age.

You can spend your time as you please.

Financial independence is a possibility for everyone.

So make a plan and get started today.

Time is on your side if you start early enough.

But at the same time it is never too late to get started.

In this instance to achieve financial success it’s better late than never!

Money grows on the trees of persistence.

Obstacles are those frightful things you see when you take your eyes off your goal. Henry Ford

Money does not dictate your lifestyle, it’s what you do to get it and how you manage your finances that determines your lifestyle. Wayne Chirisa

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money obstacles
money obstacles

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