The 3 Biggest Obstacles to Becoming Financially Free

What has been the single greatest obstacle stopping you becoming financially free?

Why do I ask? money bill finance debt

Well…Last week at a private client function I was conducting I had the good fortune to have conversations with a number of our Wealth Retreat graduates.

I was talking with them about their experiences since attending our 5 day workshop, what they had learned, what they were doing differently and how they were leveraging the relationships they had built at Wealth Retreat.

Some interesting comments came out which I’ll share with you in a moment, but first I want to ask you that question again:

What has been the single greatest obstacle stopping you becoming financially free?

Speaking to these Wealth Retreat graduates, here were the three main hurdles I’ve seen them face.

As you read on, see which of these three get in your way. (Maybe you’re facing more than one of them!)

Obstacle #1: Isolation: It’s hard to build wealth on your own

Without question one of the biggest things I consistently hear from the Wealth Retreat graduates is that before they joined us at our 5 day retreat they were isolated in their wealth building. 

Wealth Retreat 2017 - General 2

They didn’t have a Mastermind group of like-minded investors, entreprenuers  or business people with whom they could share their challenges, brainstorm ideas, leverage contacts or celebrate their successes.

Many said they were looking for a group of ambitious, positive, like-minded, supportive doers to help them succeed.

You see…alone you are vulnerable.

You will never reach your fullest potential.

But when you connect with the right people, a whole new set of options you never dreamed possible opens up to you.

In fact, one of the main reasons people attend Wealth Retreat is to have an instant peer group of movers and shakers.

In today’s changing financial environment it’s even more important than ever to have a supportive mastermind group around you.

Can you imagine how much faster you’d reach your goals and how much more fun you would have along the way if you were a part of a community of elite wealth builders who could support you?

Obstacle #2: Fear

One of the greatest obstacles to building financial freedom is fear.

And with all the mixed messages in the press at the moment with concerns about the economy, interest rates, unemployment, the challenges with obtaining finance the talk of a property bubble and business collapsing, many of us are more fearful than ever.

This fear can be taken many forms, but the big 4 fears I come across are:

  1. Fear of failure – this is especially prevalent.strong chalkboard
  2. Fear of debt – most of us have been taught that debt is bad and not to take on more debt. Strategic investors recognise that debt in itself is not necessarily bad, rather it’s not being able to repay your debts that’s a problem.
  3. Fear of success – Interestingly, some beginning investors put off their investment decisions because they are haunted by a fear of success. While this may initially seem strange, this fear generally stems from a feeling of unworthiness, where people convince themselves that they are undeserving of wealth or wanting to accumulate wealth makes them a bad person.
  4. Fear of the unknown – Who wants to go into a dark room? Who wants to go to a party where you don’t know anyone? Who is not nervous about buying their first investment property? Whenever the outcome is uncertain, fear rears its ugly head.

Another fear I have commonly seen is the fear to follow your passion.

Many people I see spend 40 or more hours a week doing a job they don’t enjoy and can only dream of following their passions.

Interestingly around 30% of the attendees who attended Wealth Retreat in the past moved up and left their jobs.question uncertain

You can find out more about Wealth Retreat by clicking here

I remember when Stuart, a plumber, sold and cut back his hours working in the business to concentrate on property.

Last year he bought a huge multi million dollar development site with some joint venture partners to undertake a very substantial development – something he would never have dreamed of when he came to Wealth Retreat a few years ago.

Justin gave up his job in hospitality to run an Internet business.

Julie gave up the security of her IT job to work for a property developer.

The shift in their mindset that they (and all the other attendees at Wealth Retreat) achieved allowed them to give up the ‘security’ of their day jobs and instead focus on the financial freedom they really wanted.

So what’s the fear that’s stopping you?

In today’s economic climate where debt is a dirty word, many people are scared of borrowing more.

Maybe you’re like Phillip, a three time Wealth Retreat grad….  risk investment market

Before Phillip joined us at Wealth Retreat one of his biggest fears was that he wouldn’t be able to borrow the money required to fund his property portfolio and allow him to keep doing deals.

He had given up his job and had no income in the traditional sense.

Well, since attending Wealth Retreat, Phillip has bought several more properties and when I spoke with him a few weeks ago (he and his partner have become very good friends of Pam and I) he told me he has sufficient financial buffers to see him through for over 3 years.

I know Phillip could not imagine he would have given up his job, let alone build and live off his property empire when he first came to Wealth Retreat.

Here is the key that has made all the difference for Phillip… and every other Wealth Retreat graduate:

When you have a peer group of high achievers and big thinkers pushing and stretching you, anything becomes possible.

How about you….

What are you doing to take advantage of the current stage of the property cycle?

This is a time when fortunes will be made by those who know how to cut through the clutter. property cycle

This is a time when the rich will become richer.

So what are you going to do?

Are you going to acknowledge your fears, and then step up and take action anyway?

What would you do if you were not afraid?

What one dream would you dare to dream and go after if you knew you could not fail?

When you play at a different level you get a different result.

You will get no better chance at life than this moment!

Obstacle #3: Uncertainty

The third major obstacle I’ve observed our Wealth Retreat graduates had to overcome was confusion.

They had heard so much conflicting financial advice over the years that they quite simply didn’t know which direction to move in.

Can you relate to this feeling of being overwhelmed?

One of the most valuable benefits of Wealth Retreat for attendees was that it simplified the complex world of wealth building and business planning, so that they had a crystal clear, specifically defined plan of action to pursue their personal wealth building.

The biggest property myth of 2011

For five full days and nights they had access to top accountants, financial planners, share traders, business coaches, finance strategists and property advisors.

Take the example of Laurie, a two-time Wealth Retreat graduate:

He had been a builder and property developer for years, but he was still on a treadmill, working longer hours than ever.

I clearly remember how on day 4 he had an “ah-hah” moment when it all fell into place and he said in that 10 minutes, he learned something that would make him half a million dollars.

When he returned the next year, he learned a time management skill that he was sure would make him 100% more productive.

Julie joined us, but was concerned that she could not contribute to the Wealth Retreat community.

Well, she was wrong and came back a second time, but this time she was working in her field of passion – property development. 

In fact she came back twice more!

If you’re committed to step up and play with the big boys you must learn what they know because what you don’t know can get you into trouble.

So there you have the three biggest obstacles that I’ve watched our Wealth Retreat graduates overcome.

Are any of the three factors in your own personal wealth building?

The real meaning of wealth

With all this talk of making money I want to make sure we step back for a moment and look at the bigger picture. Work life balance choices

We all know that money is only one layer of real wealth and prosperity and certainly not the most important.

Sure money is important in those areas of life where money is important, but it is not important in those areas where it is not important.

To be truly prosperous you need much more than money.

Wealthy people have time, freedom, relationships, health, spirituality and they contribute a lasting legacy.

Right now we are preparing for Wealth Retreat 2017 and have a limited number of spaces available for this exclusive event.

And maybe, just maybe, you’ll be exactly who we’re looking for.

If you think you might be the type of person who would not only benefit by being with us for 5 days at Wealth Retreat, but more importantly are over the next few years, then by all means, please keep reading.


This year some of the topics, speakers and emphasis will be different to the past.

We’ve added a range of new subjects to give a more holistic curriculum.

Plus we’ve invited my good friend best selling author Tom Corley to join us from the USA.

He spent 5 years studying the rich and the poor and the habits that differentiate them and he’ll share this with you when you join us.

Last year Tom’s two presentations so wowed the audience he received a standing ovation.

It not only inspired and motivated the attendees – it gave them the tools they needed to make the changes they needed to create the transformations they wanted

You can find out more at  

Why not click here now, read all about Wealth Retreat 2017 and register your interest in joining us.

If after speaking with you and learning more about your situation we believe you would benefit from joining us, I’ll back myself and the faculty and take all the risk.

I’ll guarantee your satisfaction attending the event!

I’ve never done this before – I guess I haven’t had to.

Every year this event books out because we limit the number of attendees to 50.

And every year a large proportion of the attendees are return attendees, so I know they’ll be happy. light bulb idea leader think smart clever failure motivate thought

But if you’ve wanted to come in the past and you weren’t sure if Wealth Retreat is for you, click here now, find out all about it and register your interest on our website and we’ll be in contact.

One of the reasons I am so excited about Wealth Retreat 2017 is because this is going to be a chance for our very top clients to mix and mingle with each other and a group of leading experts in investment, property, shares, tax, economics, business and finance.

Forgetting the 5 days actual teaching time we’ll spend, can you imagine what you could learn by being around the other participants and advisors, getting their one to one input on your wealth building efforts?

As in previous years, we have strictly limited the places – the room size is kept small on purpose so that participants get the most out of their time with us.

While we have many return attendees, we still have a few remaining spaces for this soon-to-be sold-out event.

Here are the three bottom line facts about Wealth Retreat 2017:

Number 1: it is an exclusive annual 5 day event that is only available to a  handful of investors, business people and entrepreneurs and their partners. And once the allocated spaces are gone–and that will be very soon–then your window of opportunity will be leader

Number 2: the week isn’t cheap, but if you are the type of person who is going to attend this won’t put you off. This way we know that all of the people at the event are 100% committed to playing at the highest levels.

Number 3: Wealth Retreat is only for real doers who are committed to building something special out of their wealth building. It’s not going to be a “seminar”. It will be an intensive networking and masterminding event where we will actually be focusing on large breakthroughs.

Why are we limiting it to so few people?

Because we realise that an event like this will be a huge success and produce incredible results if we bring together a small and highly select group of high achievers who have plenty of one on one time with the experts and networking time with the other attendees.

But don’t count yourself out from coming…

 Every year a group of aspiring investors join us and get the type of information that propels them ahead – the type of information I would have loved to have when I started out. 

Wealth Retreat 2017 - General

We are also looking for people who will be a positive presence to the group and are committed to making an impact on the world.

If you are interested in joining us this year and take one of the remaining spots, or want to find out a little more I urge you to call my assistant Jo Fitt on 03 9591 8888 or email her at [email protected] as soon as possible.

Of course you can also check out and register your interest there.

You may even be able to let Malcolm Turnbull to subsidise of your attendance…

My accountant tells me that joining us at Wealth Retreat could be a partially tax deductible for many attendees.

Just like every other year, I will chat with attendees for Wealth Retreat to make sure we carefully select the best blend for the event  and that you can take advantage of what we have to offer  teamwork puzzle help peer group team

To be fair, I’ll do the interview on a first come, first serve basis.

Once the remaining spaces are gone, that’s it.

And remember… I’ll back myself and the faculty and take all the risk.

I’ll guarantee your satisfaction attending the event!

Who Are We Looking For?

We are looking for experienced investors, share traders, business people and entrepreneurs who are willing to take on these challenging times and are committed to taking their investing and business to the highest levels.

We are also looking for people who will be a positive presence to the group and are committed to making an impact on the world.

Don’t count yourself out…

If you are interested in joining us this year and take one of the remaining spots, or want to find out a little more I urge you to call my assistant Jo Fitt on 03 9591 8888 or email her at [email protected] as soon as possible. Families by state

Of course you can also check out and register your interest there.

She will send you more details and if appropriate set up a time to have a chat with me.

Please call right now because now is the time for you to step up and seize the opportunity our current financial climate is offering us.



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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

'The 3 Biggest Obstacles to Becoming Financially Free' have 9 comments

  1. Avatar for Property Update

    March 15, 2017 @ 3:10 pm Lawrence

    Money is just one of many obstacles you have to overcome, as Michael says mindset is the most important attribute you need to succeed. If you have drive you can achieve anything. I see far to many of the younger generation complaining that they cannot enter the housing market due to greedy investors taking all the properties. If you dig a little deeper you see that these same people make little sacrifice to achieve home ownership, they still expect to drive around in nice cars, take expensive holidays and dine out each week.I have not taken a holiday since 2012 so i can purchase another property.


    • Avatar for Property Update

      March 15, 2017 @ 6:55 pm Michael Yardney

      Lawrence – you’re right – one needs to make some compromises today to be able to enjoy tomorrow


  2. Avatar for Property Update

    March 21, 2016 @ 2:09 pm jared

    Not having enough money might seem like an issue, I only have two investment properties and the one I live in, Starting out was hard but not starting out would have been harder. The hardest thing for me was actually doing it


    • Avatar for Property Update

      March 21, 2016 @ 2:57 pm Michael Yardney

      Well said – money or lack of it is an issue at all levels – but one of biggest obstacles is not taking action


  3. Avatar for Property Update

    March 20, 2016 @ 7:48 pm Tim Hine

    I feel that most people are not limited due to personal nerves or a negative mindset; when a chance to make money presents itself then having enough money to take up this opportunity is by far the most usual major obstacle


  4. Avatar for Property Update

    March 20, 2016 @ 7:42 pm Tim Hine

    What a crock of shit these three reasons are; by far the biggest obstacle to financial success ad even freedom is the lack of money to begin with. To make money one always has to have some reasonable amount of money to begin with and the minimum is around $5,000 at least …


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      March 20, 2016 @ 9:01 pm Michael Yardney

      It doesn’t surprise me that you think that way, and please don’t think I’m rude when I say that that’s the way poor people think. When an opportunity arises most people don’t even recognise it. If you think that you need a minimum of $5000 to take advantage of opportunities, then that’s not really very much to obtain, is it?
      The rich don’t get richer because they have money – I’ve studied, and mentored, and worked with thousands of ordinary Australians from all walks of life.
      The rich keep getting richer because of their habits which are related to the way they think.


    • Avatar for Property Update

      March 17, 2017 @ 4:31 am Nic

      That’s because ‘most people’ to use your worlds think they can do no hard work (ground work) and opportunities will arise, and then think, I can’t take that opportunity because I have no money.
      That whole approach is delusional. The first thing a person who has no money (ie not $5000 in reserve ) needs to do, is to aim to have that $5000 saved and then $10,000 saved and NOT so you can “take up the opportunity” but so that you and your family are not ‘Flat Broke” … and yes, to not have $5000 of reserve for just plane daily life is “Flat Broke!” So your first responsibility is not to be whining about how you can’t take up an opportunity to “expand yourself” into property because you have no reserves, your first responsibility to yourself and your family is to “expand yourself” from your petty frame of mind, which purports that it is something Other than YOU that is inhibiting you. And no its not about how much you earn, it never is, its about how much you hold yourself accountable to expand your boundary, little by little until you begin to grow exponentially. Babies crawl before they walk and they walk before they run, so to think that not having saved some money is what stops you from investing, is to have missed the whole point of what investing is….. start at the beginning Tim, invest some effort in pushing yourself to grow bigger than your current excuse.
      And my apologies to all including you Tim that this genuine advice sounds rude or mean. But when you get to my age (only early 40s) you can’t not rebut all these weak excuses, because I saved and invested from day one in my early twenties, and I earnt next to nothing in those days……it not about the income, and it’s not about the “Exorbitant” house prices “these days”..(house prices are always too high and incomes are always too low)… it’s that you and all the whining wont-to-be first home owners want it, without applying determination, and working for it – saving.
      PS after you save for the first one, and work hard to gain some equity stake in it, you can begin to leverage off other people’s money, but at least show the resolve to earn the first one – save some money


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