7 Excuses Keeping You From Financial Freedom

Oct 14, 2023 | Personal Finance Podcast | 0 comments

excuses keeping you from financial freedom


We all make excuses. It’s in our nature. But when you have a habit of making excuses for why you aren’t able to reach Financial Freedom – – you remain stuck, exactly where you are.

Which is why we wanted to expose seven common excuses, and if you’re making one or more of these excuses you need to stop immediately! Because these limiting thoughts are keeping you from reaching the next level of financial success.

Whether you’re wanting to break the paycheck-to-paycheck cycle, pay off expensive consumer debt, reach Financial Freedom, or even Financial Independence. Whatever the next level is for you, these excuses are keeping you stuck exactly where you’re at.

But every time you make an excuse, you’re giving up your power to actually make positive change for yourself. Which is why we call B.S. and encourage you to eliminate these limiting beliefs and replace them with something that’s going to help you up level your financial game.


7 Excuses Keeping You From Financial Freedom


“There’s No Point”


If you tell yourself that “There isn’t a point” in working hard, saving money, paying off debt because you believe that the odds are stacked against you and it isn’t worth it- you’re only hurting yourself.

Having a nihilistic mindset about your financial situation, the economy, etc. is not helping you live a better life! Believing that the “system is rigged” etc. is not true. You’re just passing the buck, pushing blame onto outside circumstances. Rather than taking ownership of what you can do and putting the work in.

And while it is difficult to save money, pay off debt and take all of the steps to reach Financial Freedom. That doesn’t mean it’s impossible.


“I Don’t Make Enough Money”


We hope that you’re doing everything in your power to make the most of the money you earn, before you ever say something like this.

Because it’s not about how much money that you make – it’s about what you do with the money you have.

Everyone knows you can’t save your way to Financial Freedom. But you have to start somewhere. Even though making more money would be great. The first step to Financial Freedom is to optimize your current income. Use your money intentionally and strategically now. That action will help you make the most of the increase in income that you will have one day.

But for now, if you say “I don’t make enough money” as a reason not to save and invest. You’re really just making an excuse.


“You Need to be Born Wealthy”


While being born wealthy definitely helps – it isn’t the only way to Financial Freedom!

You can improve your financial situation and build wealth on your own. In fact, if you were raised in a low-income household and had to live on less, then it is up to you to decide that you want to change the family tradition of living in poverty. It has to start with somebody.

Even if you are not able to reach the highest heights of financial wealth – you will be able to leave your children (or even nieces and nephews) in a better financial position than what you had.


“It’s Just Too Hard”


A lot of people get stuck with the idea of how much hard work and dedication it takes to reach Financial goals. So rather than take the tried and true approach and start putting in the work. They start looking for the easy route and “get rich quick schemes”

But the fact is, there’s no shortcut to building wealth. If you’re not willing to take the right steps and do the work – your excuse will hold you back from building wealth. It’s not about it being too hard, it’s you’re not willing to get disciplined and do the hard things.


“I Don’t Care About Money”


It’s our belief that money is a tool and a resource to help us live our lives, but it is not the center of our life. However, most of us do spend 40+ hours a week earning a paycheck and spend many of our other waking hours spending that money. So money is very important to all of our lives and whether you admit it or not – you do care about it.

Saying you don’t care about money is oftentimes an excuse for poor money management and being irresponsible with your finances. Rather than admitting that you don’t want to budget and you definitely don’t want to be told “no” you hide behind the guise that money isn’t important to you.

Don’t let this excuse keep you from building a better life for yourself.


“It’s Too Late for Me”


Living a life of regret is no way to live. Even if you’re getting a later start on saving and investing for your future. There is no time like the present!

While certain milestones may be out of reach due to your shorter timeline, it doesn’t mean you can’t take steps to improve your life now! You would be amazed at what you can accomplish in only a few years!

Rather than focus on what you “should have” done in the past, focus on what you can do now. Focus on what you can control and how you can start to build the future you want, today. Is it better to have a delayed retirement vs. no retirement? You can get creative with how you design your life when it comes to your financial future and even in other parts of your life.


“I Shouldn’t Have to ‘Budget’ I Earn a High Income”

Look, we get it. You make good money so you don’t want to budget ,or maybe you don’t think you need that Emergency Fund because you’re always able to cover unexpected expenses.  But just because you’re good at making money doesn’t mean that you are managing it well. 

Budgeting and all of the other steps to building a solid financial foundation, isn’t about limiting how you spend your money. Nor is it about taking unnecessary steps. It’s making sure you make the most of your money and that when the unexpected happens, it’s a inconvenience not a crisis. You still get to spend your money in a way that gets you closer to your goals and decide where your money goes and where it doesn’t.

The highest earning, wealthiest people in the world know their numbers like the back of their hand. It is necessary to reach any level of financial success. So instead of telling yourself that you shouldn’t have to budget or trying to skip other important steps – just remember that being good with money is less about how much money you make and more about taking the proper steps to optimize that income so it can work for you.

If any of these 7 excuses are holding you back from Financial Freedom, or whatever your financial goals are, now’s the time to change it!

Keep listening to the radmoney podcast to improve your money mindset and start making progress toward your goals.



Break the paycheck to paycheck cycle and start paying off debt fast! If you want the best money management tools around – check out the Cash Flow Freedom Framework

Get exclusive access to the new and improved versions of the same spreadsheets we used to pay off $45,000+ in debt and reach Financial Freedom! Plus, learn from our years guiding couples to do similarly! Learn to have an abundant money mindset, and get step-by-step videos that walk you through how to use the tools. Then watch your progress over time with our Net Wealth Tracker!

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This blog is based on an episode of the radmoney podcast on the same topic. Catch up on recent episodes of the radmoney finance podcast and make sure you never miss an episode by subscribing on SpotifyApple or wherever you listen to podcasts!


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