5 Obstacles To Overcome For Reaching Financial Independence

It is impossible to achieve financial independence without having overcame these obstacles…

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Photo by Austin Distel on Unsplash

Achieving financial independence remains a life goal for many people. Indeed, everyone has already dreamed of being able to manage their time as they wish and put their money at the service of their life rather than the other way around. In short, leave your 9–5 office job to fully enjoy your life.

Nevertheless, while this goal is shared by a large number of people, very few really succeed. The problem is not so much the difficulty of achieving financial independence as the psychological barriers that society has built over time to move us away from this ultimate goal.

As Robert Kiyosaki explains very well in his book “Rich Dad, Poor Dad”, there are 5 main reasons that prevent people from achieving financial independence during their lives. From my point of view, these 5 reasons must be considered as 5 obstacles that anyone wishing to achieve financial independence must overcome.

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These 5 obstacles can quickly become opportunities if you can adopt the millionaire mindset and decide to face them. I therefore propose that you discover them in order to better face them and then overcome. Like that, you will be able to reach one day financial independence.

1. Fear Of Risk-Taking

After reading many biographies of people who have become rich, I was able to come to the following conclusion: there are no rich people who have never lost money. On the other hand, there are an incredible number of poor people who have never lost even a penny of their precious dollars.

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Photo by Victor Rodriguez on Unsplash

All this must demonstrate an essential awareness: to hope achieving financial independence one day, you must overcome your fear of risk.
No one likes to lose money. It is obvious. However, fear should not be a limiting factor. Instead, you need to learn how to manage risk to take advantage of it and make money.

When you lose money, you will have to learn from your failure and continue your efforts by adapting to do better next time. By doing so, your failures will be really useful and will be a real stepping stone to your future successes. These same successes will allow you to generate sufficient assets to achieve financial independence.

Once you have overcome this fear of risk, you will have a significant advantage over the average person. Indeed, you will then fall into the category of people who play to win and say goodbye for good to those who play simply so they don’t lose.

2. The Doubt And Cynicism

Disappointed by their own failures, most people who fail to achieve financial independence will then switch to cynical mode. This means that they will spend the rest of their lives criticizing people who try to take a different path from their own and make the effort to achieve that famous financial independence.

Their goal? Instill doubt in order to demoralize you so that you then abandon your quest.

You should therefore be aware that doubt will be part of your difficult path to financial independence. By focusing on your goals, you will be able to leave it aside and redouble your efforts. In this way, you will be able to face the situations that present themselves to you as a winner and not as a cynical person who is lost in advance.

Know the doubt and believe in yourself is the key to eventually achieving financial independence.

3. Laziness In The Broadest Sense

Laziness undermines financial independence. If you read my article, I imagine you are used to trying to become a better version of yourself every day. So you’re thinking that laziness and you are two. Well, don’t get me wrong!

Indeed, there are different forms of laziness. Just multiplying projects to keep busy is not always a good thing. It is even one of the worst forms of laziness.

Many people do this to avoid facing the real problems they have to overcome. Burying one’s head in the sand has never led anyone to the top. Make the decision now to face the real challenges. Face them no matter what the cost.

Financial independence is something that is earned and rewarded through intelligence and effort. It is up to you to be aware of this and take the opportunity.

4. Going Beyond Education

Education alone is not enough to achieve success in life and financial independence. Many bright young students make the mistake of believing it and do not develop the right habits to reach success.

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Photo by Susan Yin on Unsplash

The secret is to work constantly to become a better version of yourself. This involves building a routine of good habits that will guide you to success. These good habits can affect many different areas: playing sports, eating healthy, setting aside a certain amount of your income each month,…

The important thing is to find the routine that will allow you to progress properly towards success by focusing fully on your goals. Once you have found the right routine, you will know very quickly.

Stay open and always seek to improve it as you go along. This will allow you to achieve great things and will naturally promote your financial independence.

5. Arrogance

Arrogance is the last obstacle to achieving financial independence, but it is a major obstacle. Indeed, arrogance is often used to hide ignorance. By doing so, many people will not make the necessary efforts to develop new knowledge throughout their lives.

They will be satisfied with the knowledge base they have been able to develop during their studies. In a constantly changing world, this is very clearly penalizing, if not catastrophic.

The lack of new knowledge will miss many opportunities that could have led them to financial independence. Indeed, what makes people lose the most money in life is the lack of knowledge and ignorance.

So you must not fall into the error of arrogance. Consider yourself a beginner throughout your whole life in order to listen others and learn as much as possible. This way of thinking will allow you to achieve great things and reach financial independence.


Before you can claim financial independence, you must overcome the 5 basic obstacles I presented to you in this article. The first step is, as is often the case, awareness. Once this is done, you will be able to change your behavior to adopt the millionaire mindset and seize the opportunities that will lead you to this famous financial independence.

But all this comes at a price: you will have to show unfailing motivation and willpower to break out of the 9–5 work schedule that the company has been pre-setting for years now.

The benefits are clearly worth it.

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Entrepreneur / Developer / Blogger / Author. In Bitcoin We Trust: https://www.inbitcoinwetrust.net

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