Who does not want to be wealthy? But only few can reach levels of financial freedom and truly feel the power of financial wealth. Let us look at what is holding us back from financial success.
These are the personal and emotional hurdles that are standing in our way, blocking our journey
towards higher financial success.

1st hurdle -YOUR LACK OF FINANCIAL LITERACY

The first hurdle towards financial success is your lack of financial education. You cannot delegate
basic financial education. You have to take change yourself.
To improve your body muscles, you cannot ask someone else to do exercise in your behalf. You need to learn different types of exercises and learn the science and art of muscle building. You need to undergo the exercises and learn by trial and error. At best, you can learn the steps from a trainer or pick up few tips from books. But,you need to sweat it out.
To learn financial literacy, you can learn steps from books like this. But you need to develop the skill
through your commitment and experiential learning process. Even if you involve experts, you need
to put the final signature.
First step to cross the hurdle- Learn the steps and take charge of your financial life!

2nd hurdle YOUR PSYCHOLOGICAL STATE OF BLAMING FAMILY AND PARENTS

I have seen some people blaming dead parents, family and friends for every failure in adult life.
Blaming for adult problems like poverty, inability to get stable job , alcoholism, sexual infidelity, credit card addiction, personal loan taking , emotional imbalance etc on parents is irrational and takes away the responsibility from your shoulders! I do not want to disregard the negative impact particular background or advantages of a privileged background on the lives of people. People with certain privileged background will have greater exposure to financial information than others. Adults can make whole lot of intelligent choices which can help one to overcome initial disadvantages and move forward. It is too late in life to blame parents, family and friends for all the current miseries in life.

3rd Hurdle – NEVER DEVOTING TIME TO FINANCIAL PLANNING

Unless you accept the importance of financial planning you will never devote time for it or you will keep procrastinating it. Financial planning is very serious for your life.Like a studious student you need to sit quietly and think.You need to use a calculator or laptop to plan your numbers for the next 10 – 20 years. Look at where you are now and where you wish to reach.How will you achieve it? You can take the help of professionals to plan your financial future.If you are willing to pay few thousand rupees for your medical health, why not pay similar amount to plan your life?

4th hurdle -BLAMING ON CURRENT INCOME AND CURRENT EMPLOYER

Very often people blame their financial short term inability to earn higher income for their current
state.
Each person has to realize that there is no state of “satisfied income”. If you earn Rs.5 lac PA, you
can be satisfied and with no debt and if you earn Rs 20 lacs PA, you can be dissatisfied and live in
serious debt.
Most often, it is not the level of income, but, with what you do with your current income. It has to do with how much you spend and how much you save and where do you choose to invest.
Let us compare the life and financial status of two brothers –Ram and Shyam, both have identical
background, spouses and family size. But their income, savings and investments vary.

TYPES OF INVESTMETS CAN MAKE US RICH OR POOR

Through Ram earned 20% lesser income compared to Shyam, at the end of 20years he was 75%
richer than Shyam, because he made wiser investment choices.

KEY LESSON                                                                                                                                                                                Each person’s life and wealth is determined by the financial choices that we make today.                                              DON’T NOT BLAME OTHERS FOR THE POOR CHOICES THAT WE MAKE TODAY.

This blog is written by Simon Daniel, a double postgraduate in management sciences, Ex CEO and Director of leading Companies with 35 years track record .He has established two successful start ups too. In Quora [www.quora.com] , he went on to become World No.1 writer in Personal finance advice and investing advice topics, being called a “personal finance guru”
He is the author of highly acclaimed book titled:
ALL ABOUT MONEY BECOME MONEY SMART!
The book is a comprehensive guide to saving, investing, spending, borrowing and protecting-thefive key financial literacy competencies essential for all people.
Book is sold in all leading online stores in India and globally. It is sold through Author’s website Simon Daniel And All So Amazon or Flipkart