Hurdles to Money Freedom
Owen O’Malley
Building Investment Clubs * Providing Investment Education * Shares * Share Options * 200 Active Mastermind Groups * Investment Workshops *Operating in 50 countries worldwide since 1998
You may not be aware of this painful figure, but 95% of people worldwide who reach the age of?65 are either dead or dead broke. Therefore, it stands to reason that in order for you to become one of the 5% of people that have money freedom, you must be willing to learn strategies to take part in the game and willing to change your ways of living. Some people, despite making plans to one day sack their boss, still encounter hurdles brought about the untrue rumors they have heard.?
One main hurdle to money freedom is that they fear what could go wrong. I’ve said many times that failures will happen, setbacks are a part of life, and fear of them is normal, but you have to control your fears and make sure they do not engulf you. To increase their earnings, some investors or new business owners may by mistake think that their newfound wealth is already enough, leading them to begin spending instead of investing again. When an investment earns an income, it doesn’t end there.
Next is having no will to learn. Learning is the best beacon of success. I believe it has been proven by countless happy, wealthy people all over the world how steady learning assists them in thriving and tests them in the process of achieving their goals. Making money begins with learning. Earning a degree is a good way to get started in the working world. You will be able to find a job that will pay you on a monthly basis after you finish school, but your learning shouldn't end there. Learning has now become with reach of everyone, which includes those who have reason to work during the day, whereas a range of actions can be achieved through simulated online sessions, and you can perhaps gain knowledge while watching videos on the web during your spare time. This has put learning in reach of people from all walks of life. It is crucial that you take the advice of proven experts who can infuse your mindset with hope and upbeat thinking. This will allow you to get the ball rolling towards money freedom.
Lastly, is not making a routine of goal setting. Thinking about your goals is easy, but makin a plan happen is the challenge. In order to achieve any results, one must remain focused on reaching their desired goals. A failure to set appropriate goals for yourself has the potential to ruin any progress you have gained so far. It's a smart idea to have many goals, but you should arrange them in line with your talents. Set one objective at a time, and then commit to doing out the actions needed to achieve that result on a stage by stage process.
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On the road to money freedom, we will face many hurdles, but it is crucial to bear in mind facing these is normal. Moving past these hurdles and keeping firm faith in the long term process is key if you want to reach your life's goals. Get past these hurdles and always trust in the process.
Got any questions? Let's connect https://www.calendly.com/whywealth
Deepwater Oil, Gas & Renewable Energy Leader | Sustainability & Energy Transition Expert | Project & Operations Manager | Researcher, Ghostwriter, Copywriter & Digital Marketer | M&A Consultant
2 年I agree Owen and as an alumni of your training, I would tend to say that the investment in self is a great first step to winning as an investor over the long term - great read by the way!
Calm pathfinder ? Leading Mind Health Revolution @ Wellness Orbit ? Visionary, securing high quality spatial plans @ Oü Head
2 年All freedom is achieved based on knowing what you do. It is equally valid in the case of inner freedom and financial freedom. Both demand discipline and calmness, thus a fit mind is a blessing for achieving freedom!
We Help YOU Retire with Confidence! | Executive Director, Branch Manager at Huffman Mayer Wealth Management Group of Wells Fargo Advisors
2 年I would have to say we are experiencing a pretty big hurdle right now. Disciplined investors will come out on top when it is all said and done.
Co-Founder of Funding Focus, Head of Ops at Add then Multiply
2 年Couldn't agree with you more, Owen O'Malley. Sounds like a really useful newsletter.