Thursday, June 19, 2008

Rat Racers, What's Your Financial Future?

Naturally, most if not all of us want and crave for something better. It is all part of us if we want a bigger car, a better house, buying good things for the family.

We keep hoping for more, however, we don't understand that in order to get what we don’t have, we must do something that we have never done before.

That simply means:
Doing the same thing over and over again YET expecting different results!

For those who stucked in the rat race, you can’t stay at the same job forever and hope that a miracle will happen and your boss will suddenly give you a raise. You will be lucky that there is no downsizing in your company especially when US is in recession and facing huge challenge from surge in oil price and inflation. Switching to another company will only provide a short term solution to a long term problem. That's not really doing something different because you are still stucked in the rat maze looking for your cheese.

Sure, you can take up a second or even third job, but do you have enough hours and stamina in a day to sustain it?

The bottom-line: Trading time for money isn’t wise financial sense in the long term. You keep on increasing the hours just to win the rat race, but in the end of the day, you are still a rat on the mill! It is just like, even though you win the race, YOU ARE STILL A RAT!

Increasing your wages only puts you in a higher tax bracket. Your salaries increase, so does your expenses on your house and car.

How can you invest in yourself when all the time you spend working for a company, working for the government paying taxes and working for the bank paying off your house and car?

What if you fall sick and can’t work tomorrow?

Will the government take care of your family?

I highly doubt so.

So, it is time to take care of your finances seriously.

Something for you to ponder and plan for your future...

Financial Freedom?