The concept of financial independence isn’t a far-fetched dream! Cultivating financial discipline right from your twenties or even thirties can put you on track with the FIRE (Financial Independence Retire Early) movement. However, most individuals fail to achieve financial independence before their retirement. Now, think that you are 70, and when you look back, you will repent of making expensive financial mistakes!
While financial independence isn’t a myth, few people actually achieve it. In this article, we have discussed 8 reasons preventing you from achieving financial independence not until you are late into your retirement.