The greatest trap of the rat race is the trading of hours for dollars. As long as our only wealth creation strategy involves trading of our time for money, the more trapped we will be in the rat race.
Thus, the second tips to escape the rat race is to STOP trading our time for money!
I am not suggesting that we should all quit your job today… but we should begin immediately to create an additional or multiple income (esp passive income) streams that gives us greater leverage than our job does.
As long as our income is dependent on the hours we spend earning it we will never have time or financial freedom. So, no matter how much money we earn in our career or business … we will never have our dream lifestyle because we will not be able to fully appreciate the financial success that we have.
As an employee, we are in a terrible position … we are stuck deep in the rat race because we are trading our hour for money!
Decide today that we will no longer trade our time for money directly in future. Make the decision that we will look for a business that allows us to take advantage of our third tips. It is vital to getting out of the rat race!
Stay tune for the next tips to escape the rat race prison...
http://www.inspiringjourneytofinancialfreedom.com/RatRace.html
Feed Shark
Wednesday, December 26, 2007
Tips#2 Escape Rat Race
Posted by WL at 6:00 PM
Labels: Early Retirement, Escape Rat Race, Financial Freedom