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Updated 8 months ago on . Most recent reply

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Gino Barbaro
  • Rental Property Investor
  • St Augustine, FL
1,906
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Where Do You Think People Fail When Not Achieving Financial Freedom?

Gino Barbaro
  • Rental Property Investor
  • St Augustine, FL
Posted

I've been obsessed the past decade on trying to understand why some people become financially free, while the majority of the population is living paycheck to paycheck.

I just launched a book called Baby Money Soldiers, which is a book on personal finance, that shares the story on how we all need to be "Generals" of our financial army. It's a great way to teach young adults about money and finance.

I would love any feedback on what you think are the main forces holding people back from becoming financially free. I'm always trying to create content that will help people make more money, and start driving towards their soul purpose.

Thanks for taking the time to read this and to share your thoughts.

I believe People With Financial Intelligence Can Change The World For The Better".

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Erica Calella
  • Investor
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Erica Calella
  • Investor
Replied

In my opinion, the problem is not "cash inflow", but rather "cash outflow". I think many of us use hyper-consumerism as a means of validating our self-worth.

We NEED to upgrade to a new cell phone every year, we NEED to take expensive vacations to show our friends how fun our lives are, we NEED to purchase the more expensive car, we NEED to eat at chic restaurants and document the experience all over our social media. If we don't, what will other people think of us? What will we think of ourselves??

It's hard not to fall into this trap when digital marketing and social media advertising is constantly shoving all of these unnecessary products and services down our throats. I read the Millionaire Next Door for the first time recently and it honestly opened my eyes to a lot of these constraints and how societal pressures keep us trapped within this vicious cycle. Breaking free from it all was one of the best things I've personally ever done financially. I realized I much preferred to eat dinner at home, where I would be satisfied and not still hungry afterwards.

With that said, I'd love to purchase your book! @Gino Barbaro

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