Re: What is your biggest obstacle to achieving financial freedom ?
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First off, I agree that when we try to do something and then fail in the end, it can be a good lesson for us, a better one than that derived from some lectures. Also, it's good that you borrowed money from your parents, and not from a mafia.
To be honest, I'd like to read more about your "experiment" with a wine business(Where was it? California?). Please, if you have time, tell us about it.
And, as far as I understand, you have achieved financial freedom yourself(or, you are very close to it). So, what is your answer to the question in the OP?
First off, I agree that when we try to do something and then fail in the end, it can be a good lesson for us, a better one than that derived from some lectures. Also, it's good that you borrowed money from your parents, and not from a mafia.
To be honest, I'd like to read more about your "experiment" with a wine business(Where was it? California?). Please, if you have time, tell us about it.And, as far as I understand, you have achieved financial freedom yourself(or, you are very close to it). So, what is your answer to the question in the OP?
For personal reasons, I am not going to talk about that experiment of wine business in detail but I can share with you that it was not in California. The wine was not a Californian brand but an Australian one. The main lesson from that business failure was that make sure 80% of things are ready before you start a business. If it is only 20%, you are simply killing yourself. Speaking of my financial condition, I am not gonna say I have achieved financial freedom but I do have a comfortable life compared to many people at my age. My parents have laid the foundation that I am worry-free from owning a house/apartment and the other primary reason is my lifestyle. Whether I was a graduate from college or a middle-aged man now, I have always made savings every month, small or big, no exception. I am a real tyical man who lives a life within his means. Well, this does not mean I don't have financial issues.
Thanks for sharing, mate! I'm planning on being a writer one day, so real life stories is what I like to read. In fact, they are priceless because even if you write total fiction, it's not fun to read unless some parts of it are based on real life stories.
Recently, my wife insists on buying an apartment but I believe this is a bad investment due to the unexpected economic conditions nowadays. Maybe having to buy something insanely expensive against my will (like an apartment my wife wants to buy) is my biggest obstacle to achieving financial freedom ? Haha, laugh out.
As for buying an apartment, it depends. I personally would never borrow money to buy an apartment, but if you already have the money, maybe that's not such a bad idea?
I don't think buying an apartment is a good idea although I have the money at hand without any loans. You see, an apartment in my area easily costs more than 1 million but when you want to sell it, hell difficult. I think it is a complete waste of money.