The Scot takes his side into Saturday's game at Sheffield Wednesday without a win in their last six matches and coming up against an opposition team who have spent plenty of cash over the past few months.
The latest example of the Owls ability to move in the transfer market was Tuesday's signing of striker Gary Hooper on loan, a deal that Freedman cannot even dream of making in Forest's present climate.
But, as the Championship table increasingly shows signs of being split between the haves and have-nots, he told BBC Radio Nottingham: "I think we are on the right path. From off the field, putting the embargo correct, and on the field with one or two young players coming through the ranks.
"We play good football. I think the only thing missing is a little bit of good fortune and a couple of results will go our way very soon."