The rat race as I define it is trading your time for money in order to cover your living expenses. How deep you are in the rat race depends entirely on how much you spend and how much cash you have coming in.
How far you are out of the rat race is measured by the amount of time you can survive if you had to stop working immediately. Imagine for some reason you could no longer work. How long would you be able to survive with the cash you have saved or coming in, without you having to work for it?
Most don’t like to answer this question because it makes them nervous. But think about it and calculate the time. One week. One month, one year or perhaps even indefinitely (If indefinitely, skip this article and drop us a line so we can tell your story).
Whatever your number, your goal is to have it be indefinitely, and no you don’t need to be a billionaire to reach this. A couple of grand a month would do it for most people.
Steps to Getting Out of the Rat Race:
- MAKE A DECISION: Be brutally honest with yourself and ask yourself if you really are committed to getting out of the rat race. It will require some fundamental lifestyle changes in the short term but will leave you with infinite freedom for the future.
So what’s your decision?
YES/NO
Great to have you on board! ☺
Your first step is to get an idea of where you are. Then we can figure out where your next step will take you.
- BRING OUT THE HATCHET: Get an instant income boost by reviewing your current income and expenditures; cut out everything that is not needed. Be honest and very strict.
I know it is hard but reducing your expenses to just the key items is an instant way of getting an income boost. Leave yourself a small budget for fun money to keep you motivated, life is after all meant to be lived. However, DO NOT use this as an excuse to overspend. You’ll be going right back into the trap.
This content is only available to subscribers
Subscribe now and have access to all our stories, enjoy exclusive content and stay up to date with constant updates.
Unlock contentAlready have an account? Sign In
