It is a very delicate topic. Let’s first start with what the “rat race” is. The rat race is going to work every day (earned income), getting a check from your employer, paying bills, and basically surviving on this income. Sure, there may be a vacation, car, or wedding thrown in for good measure, but by in large, if you don’t go to work; you don’t get paid. The employer has complete control over your destiny.
I am not here to judge. Not at all. For 20 years in the Marine Corps, I was also part of the rat race. I believed that when I achieved the highest enlisted rank in the Marine Corps, E-9, that magically I would be above the rat race. Not true.
During my career, Kris and I have traveled overseas and across the United States multiple times. We have raised 2 wonderful, disciplined children. We have bought and currently own 3 homes. However, we were still in the rat race. Nothing we have done is going to get our family ahead in life until our mindset changed.
Now, I do not feel that we are part of the rat race. We have added a couple of different income streams, but it is not the additional money that removes you from the rat race. It is a MINDSET. You have to truly comprehend the three types of income. Earned, Business, and Investment. We need to convert our earned income into businesses for our children (no matter how small), and we need to invest religiously. Stay tuned for the next article in the series “How to get out of the rat race”.
Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Leave a Reply