There are nine major roadblocks on the road to financial freedom.
- Housing Cost: these may include rent or mortage, property taxes and insurance.
- Transportation Cost: automobile notes, automobile insurance, automobile maintenance and gasoline are common cost associated with transportation.
- Food Cost: groceries and eating out can be expensive, but they are daily.
- Utilities: these are monthly bills like electricity, water and cellphone.
- Childcare Expenses: these are the expenses that come with having children.
- Taxes: taxes accounts for a big percentage of your paycheck.
- Medical Expenses: healthcare can be very costly.
- College/Education: student loans can range from thousands to ten thousands to hundreds of thousands of debt.
- Excessive Spending: unintentional spending robs many of the potential to gain control of their finances.