Creator Twitter is full of people earning hundreds of thousands of dollars creating content on the internet.
We want a piece of that cake.
Financial freedom is a dream that most creators aspire to, but only a few ever achieve. Imagine living life on your own terms, with no financial worries holding you back. As a creator, the possibilities are endless — you could be making a living doing what you love!
But why do so many people struggle to reach this goal? Let’s dive into four reasons that stop people from reaching financial freedom.
1. They Don’t Budget
Money. It all comes down to money.
One of the most significant hurdles to achieving financial freedom is not knowing where your money is going. You might think you’re making enough to support your dream life, but without a budget, you’re just shooting in the dark.
Sure, millions might solve all your problems. But there have been quite a few people in history who ran out of millions fairly quickly as well.
It’s not the amount that counts, it’s how you handle it.
From my own experience, I know people spend too much, don’t know their finances, or want too much too quickly. I was one of them.
Getting rich is hard. Only few make it. Living a good life with a decent income is within reach. Start there.
2. They jump in too quickly
You can’t just quit your job (or old life) after one successful piece of content.
Look, I get it. You’ve just created a killer story, podcast, or video, and you’re feeling on top of the world. Views are exploding, fans everywhere. The sky’s the limit. It’s easy to get swept up in the excitement and quit your day job to pursue your passion full-time. But, slow your roll.
Success is a fickle mistress. One minute you’re the hottest thing since sliced bread, and the next, you’re yesterday’s news. That’s why it’s crucial to take a step back and think long-term.
Take a measured approach. Keep your day job while you continue to create on the side and build your audience. Make a plan, set achievable goals, and slowly work towards them.
3. They give up before it really started
Don’t quit before the good things happen. Don’t even think about it in your first year.
It’s all too common, my friends. You’ve been creating content for a few months, and you’re not seeing the kind of success you expected. Hell, some even quit after a few weeks.
That’s crazy. Content creation is a marathon.
Maybe you’ve hit a plateau, or perhaps you’re not seeing the engagement you were hoping for. Whatever the reason, you’re feeling discouraged, and the thought of throwing in the towel is creeping in.
Here’s the thing — successful creators have been doing their thing for years. Not months or weeks.
If you’re feeling stuck, take a step back and reevaluate. Are you creating the kind of content that you’re passionate about? Are you engaging with your audience? Are you open to feedback and willing to pivot when necessary?
If the answer is yes, then keep going! Don’t give up before the good stuff starts happening. If the answer is no… well, at least you know where you went wrong!
4. They don’t start
You’ll beat most of the competition by simply outlasting them. But many people don’t even start.
Believe it or not, folks, this is a massive hurdle for many people. Fear, self-doubt, imposter syndrome — whatever you want to call it, it’s holding people back from even trying.
What’s the worst that can happen? Nothing.
Start, show up, and put in the work. It doesn’t matter if your first few pieces of content aren’t perfect or if you don’t have a huge following. What matters is that you start and keep going.
Done is better than perfect.
If you start, who knows what could happen? Maybe you’ll create something that resonates with millions of people, or perhaps you’ll build a loyal following of dedicated fans. You’ll never know unless you start.
In the worst-case scenario, you’ll still be where you are now. That’s unlikely though.
The bottom line
Financial freedom is something many creators dream of, but few achieve. However, by understanding and overcoming the common obstacles that stand in your way, you can take control of your financial future and make your creative passion work for you.
It starts with realistic expectations of what financial freedom means. We can’t all be millionaires. But we can live a d*mn decent life with less.
We can take into our hands what we have control over. Starting, continuing, not giving up too early, and not expecting too much too soon.
Time will take care of the rest.