BiggerPockets Daily 7 Barriers Keeping Investors From Financial Freedom
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Mar 22, 2025 Explore the surprising barriers that keep investors from achieving financial freedom. Discover how purposeless spending can derail your goals and learn the importance of aligning your expenses with your values. Delve into critical obstacles like using smart debt and the necessity of estate planning. Personal stories illustrate how understanding these barriers can pave the way to wealth for future generations, ensuring you navigate around hidden costs effectively.
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Purposeful Spending
- Align spending with values and goals, not just budget.
- Every dollar should either contribute to freedom or reflect important values.
Spending Audit Impact
- A client redirected $1,200 monthly into investments after a spending audit.
- This change allowed her to achieve financial independence five years earlier.
Build a Financial Moat
- Build a financial moat beyond a basic emergency fund.
- This includes cash savings, an infinite banking policy, and a HELOC.