In the good old days, several friends and I liked having beers after each softball game. We got to discussing what is the one ingredient necessary for achieving financial independence at a relatively early age.
Here were some of their responses:
- Saving aggressively
- Investing in stocks
- Investing in real estate
- Earning side income
- Taking bigger risks in our careers
- Leveraging the internet
- Working ungodly long hours
- Relocating to areas with huge job growth despite the higher cost of living
- Starting a business
Many of these ingredients are great for helping all of us achieve financial independence.
However, the #1 ingredient that drove me, which nobody mentioned, was FEAR. More specifically, the fear of failure.
Let me share some examples to explain what I mean. Then perhaps you can share your own in the comments section below.