What does it usually mean when a guy says he's not ready for a relationship?

This guy and I have known each other for almost a year now (through a mutual friend) and we hit it off real good the last time we hung out. He was being a gentleman too while we were out by opening every door for me and offering me his water when I was thirsty. He also told me about how he felt when his grandmother passed away and that she told him to take good care of his mother. He also asked me if I wanted to know what his phobia is and that he doesn't usually tell people. He also let me know that he's single by saying that he didn't go skiing with his friends because they were all couples and it would've been awkward. While we were talking, he also placed his foot right beside mine such that it was touching my foot but I moved away after a few seconds. He also mirrored my likes and dislikes by ordering the same meal as me (though he decided on another one before but ended up choosing mine after I chose) and the same drink as me while we were at the mall.

However, a few days after we went out, he asked if I wanted to join him and two of his friends for dinner but it got cancelled a few days later because he said his friends were busy. On the same day that the plan got cancelled, he told me that he isn't ready for a relationship right now because there are still so many problems in his life that cause him to live for others. He said that he needs to figure something in his life before he thinks about this and that he believes that there's a time in everyone's life where everything's ready for you. He said that he has never met a girl with such a nice heart before and if he weren't stuck in this situation, he would definitely ask me out first. He said that he still sees a chance that we would be together and said that he admires me as a close friend.

A few days later, he asked me if I wanted to go visit a law firm with him but I declined his offer because I was still feeling hurt. Now after a while of no communication (because of school) I asked him how are things going lately, long time no talk, etc. Then he said we definitely need to catch up and asked me out for lunch. However, because of our different schedules, it's hard to find a time to meet in between classes and on the past Sunday, we were discussing about going out this Friday but he said that he needed to confirm with his uncle first because he might need to pick up his cousin (he's an international student who lives at his uncle's house). He offered to talk with me the following day about whether or not Friday works for him and he repeated this 3 times when I didn't even ask or hint for it at all. Now, it's been two days past and I still haven't heard from him.

Is he really "not that into me" and was making excuses or do you guys think he's genuinely not ready? This is really eating away at me mentally...

We're both in university by the way and neither of us have a stable job yet. He doesn't have a car license yet either although I do.
 
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