3 Hidden Hurdles Holding Us Back From Financial Freedom
07 November 2023

Achieving financial freedom is more than just numbers and calculations. It is also about overcoming invisible factors that hold us back from achieving our goals. Here are 3 common ones.

1. Your Fear

A fear of failure can hold people back from taking risks and pursuing opportunities that could lead to financial freedom. This fear can paralysing and prevent us from stepping outside our comfort zones including making a plunge to the investment realm.

Overcoming the fear of failure involves embracing a growth mindset and understanding that mistakes are valuable learning experiences on the path to financial success. So, don't be afraid of making those leaps. As often put, the biggest risk is not taking one.

2. Your Ego

An inflated ego often leads to individuals developing a belief that they deserve lavish lifestyles or immediate wealth without putting in the necessary effort or discipline. This entitlement can lead to overspending, accumulating debt, and a lack of financial responsibility. The ubiquity of social media has also exacerbated poor financial habits with many seeking to brag about their wealth and status through lavishly curated posts. 

However, a little self-awareness and humility can go a long way towards cultivating a positive mindset that is focused on long-term wellbeing rather than short-term gratification. Get over yourself and avoid the spotlight effect. The truth is we care more about what other people think about us than they actually do.

3. Your Excuses

We have all heard these excuses before: "I'm not good with money," "I don't have the time," or "It's too late for me to start." But sometimes all you need is a little push and realise that change starts with you. Take responsibility for your financial situation and make a plan. 

By taking ownership of your financial journey and eliminating excuses, you can overcome obstacles and make meaningful strides towards achieving financial freedom. It may be helpful to also surround yourself with a supportive network that encourages you to raise your financial game.

Rise Above

By staying mindful and actively addressing your fears, ego, and excuses, you can break free from the limitations that hinder your financial progress.

Remember, achieving financial freedom is within your reach, and it starts with taking the first step towards a brighter and more secure future.

This article has been prepared by AHAM Asset Management Berhad (“AHAM Capital”) specific for its use, a specific target audience, and for discussion purposes only. All information contained within this presentation belongs to AHAM Capital and may not be copied, distributed or otherwise disseminated in whole or in part without written consent of AHAM Capital.

The information contained in this presentation may include, but is not limited to opinions, analysis, forecasts, projections and expectations (collectively referred to as “Opinions”). Such information has been obtained from various sources including those in the public domain, are merely expressions of belief. Although this presentation has been prepared on the basis of information and/or Opinions that are believed to be correct at the time the presentation was prepared, AHAM Capital makes no expressed or implied warranty as to the accuracy and completeness of any such information and/or Opinions.

As with any forms of financial products, the financial product mentioned herein (if any) carries with it various risks. Although attempts have been made to disclose all possible risks involved, the financial product may still be subject to inherent risk that may arise beyond our reasonable contemplation. The financial product may be wholly unsuited for you, if you are adverse to the risk arising out of and/or in connection with the financial product.

AHAM Capital is not acting as an advisor or agent to any person to whom this presentation is directed. Such persons must make their own independent assessments of the contents of this presentation, should not treat such content as advice relating to legal, accounting, taxation or investment matters and should consult their own advisers.

AHAM Capital and its affiliates may act as a principal and agent in any transaction contemplated by this presentation, or any other transaction connected with any such transaction, and may as a result earn brokerage, commission or other income. Nothing in this presentation is intended to be, or should be construed as an offer to buy or sell, or invitation to subscribe for, any securities.

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