If Your Income, Or Potential To Earn, Stops Once You Stop Working You Are Still In The Rat Race

I have discussed on this blog with many posts, what distinguishes a truly wealthy person from a poor person. This post expounds on some of those.

If you still have to put in your time to make a living, such that once you are sacked, or you stop working, your income also stops and you can't maintain your lifestyle...then you are yet to become truly rich.

If all your hope to becoming financially secure lies in your 9-to-5 job, then you have not developed your mind to the point of being truly wealthy. 

You must learn about investments and move from working for money, to making your money work for you, and then finally to making others’ money (OPM) work for you.

Those are the three investment levels...with the third being the best and highest.

We all start out as rats in the rat race

Now, don’t get me wrong, the average person needs a regular 9-to-5 job to move out of the rat race. But unfortunately, many never get out of the rat race. Truth is that we all start out as rats in the rat race -even people born with a silver spoon most of whom are only bigger rats- until we become financially secure, no longer rats.

Until one automates his source of wealth such that he can still maintain his lifestyle even when he is not working or logging in hours for wage...such a person is still in the rat race.

Buying an SUV or a Bentley, or living in a highbrow area when you have not built investment vehicles that make others’ money sweat for you, only makes you a bigger rat.

How to get out of the rat race

1. Get very good at ONE thing. So good that you can do it  even if you were half asleep, or, if every other thing fails.
   
   
2. Monetize that one thing. #think ‘Salary’, ‘Royalty’, ‘profit’, ‘paid perfomances’, etc.
   
   
3. Then find another way of making money, starting from (but not necessarily in) that same thing.
   #Think ‘having branches’, ‘franchises’, ‘opening a school’, ‘other investment opportunities’, etc. [Aim is: to find and automate multiple income streams]
   
   
4. Do it all over again!
   
   
5. (Don't forget to) Cut off all bad habits that make you lose/gamble away your hard-earned money.
   #This may just be the reason why you are not yet financially successful.
   
   
6. Quit chasing (in-exhaustive) materials things that money can buy, instead use your time to get what money (alone) cannot buy or give.
   #Think 'Value', 'Mind development', 'Paradigm shift', etc

 

When you get out of the rat race, what are you called?

...anything else apart from RAT! Lol

You can be a Cat, Lion, King, Boss, ‘Baba olowo’, Mafia, Lord, Richie rich, Billionaire, etc...any other thing, just not rat!

When you stop being a rat, you will know. And the earlier you change name, the better. But never forget, becoming truly wealthy is not about faking it with -wearing expensive jewelries, or driving fast cars, or paying rent in an highbrow area- lifestyles financed by debt. Be truly rich!

Now that you know what it takes to get out of the rat race

Becoming truly wealthy is about creating a (simple, affordable) lifestyle that you can maintain irrespective of your income...because your income sources are multiple.

And when one source dries up, you don’t suffer a stroke, you smile.

Why? You are not limited by the things that limit Rats! You are better than that.

N.B: There is a board game called Rat Race. There is also another one by Robert Kiyosaki's Rich dad company called Cashflow. While honestly, I am not very certain of the financial value of the first, the second will teach you principles and terminologies of wealth guaranteed to get you out of the rat race very fast. 

Cheers!