What’s Keeping You from Financial Freedom?

It’s a great question to ask, and an important question to ponder. If you’re not making good progress towards financial independence or financial freedom, what’s holding you back?

I believe all physicians can attain financial freedom, but some encounter obstacles that delay them from reaching that point and sometimes keep them from ever getting there. Here are some examples.

What’s Keeping You from Financial Freedom

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Having the wrong mindset can easily keep you from achieving your goals. Self-limiting beliefs such as “I could never do it” or “I don’t” or “I can’t” become self-fulfilling prophecies.

Mindset

Debt that helps you create more income or wealth is good debt, but bad debt is the kind that continually eats away at your net worth and ability to create wealth.

Bad Debt

I don’t believe there’s anything wrong with wanting nice things and living “the good life.” I think that if you can delay gratification for a bit, you can sustain that lifestyle with your investments and passive income ventures.

Lifestyle Inflation

The unknown is a scary place, and doing something outside of our comfort zone is difficult, so we tend to go with what’s familiar and safe.

Fear

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