Financial Freedom is one of those things which all of us pursue either knowingly or unknowingly. To a teenager, financial freedom may refer to settling in his own apartment, being able to afford his lifestyle etc without the fear of going broke. For a small business owner, financial freedom may extend to the ability of spending on personal needs and responsibilities without exhausting savings. Even high-income professionals seek financial freedom which is mainly the capability to spend without going into debt. May it is at a small scale or a larger one, financial freedom is something quite challenging to attain. If you seek it, you are likely to confront numerous obstacles along your persuasion which include:
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Global Financial Crisis
Each and every economy in this world is suffering from a national financial crisis. Even in the USA, 76% of the population is living from one paycheck to the next despite earning good sums on the money. The reason is the continuous increase in inflation as a result of which everything, including real estate, is getting expensive. This financial crisis is the cause of cultivating the fear of debt in the minds of high-income professionals. Not to mention the taxes which are increasing every day.
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