October 19, 2020
- Olivia Elmore
- June 19, 2019
You wake early in the morning with inadequate sleep and start preparing for your office. As the clock ticks off, you head out from the home in a rush and with only one goal in mind “ reach the office in time” and after wrapping up in the evening, again you try to reach home as soon as possible so that you can relax and breath the much-needed air. You hate this 9-5 job of yours but you have no option as you have bills to pay, insurance to cover and most importantly debt to cover, so you need money to survive. You are barely making any saving and your days are going from paycheck to paycheck. Welcome, to the world of the rat race where you are ending nowhere as there is only an endless pursuit.
However, the real question is how long you are going to do this? How long you will be doing this monotonous, tedious and super boring 40 hours a week job? You gotta do something to get out of this rat race or else you will be trapped in it forever. Obviously, it will be difficult but at the same time, highly rewarding as well. Here, we have prepared a list of some useful ways that can help you escape this frustrating rat race once and for all. So, let us begin.
Tips and suggestions to escape the rat race
1. Invest in yourself
The first thing that you need to do is to start investing in yourself. Well, this might sound very common and you must have heard it from every second people whom you cross by, still, there are many people who ignore this simple and common rule. By the term investing in yourself, it doesn’t mean buying a new pair of expensive clothes or the latest gadget in the market, it means investing for your future. There are various ways to do it such as stock market, retirement planning, mutual funds and many more.
2. Don’t quit your job very early
Yes, you are desperate in getting out of the rat race, but you need to take every step carefully. One wrong decision and you might find yourself in the worst situation. Don’t just quit your job too early, you need that money to manage for your expenses and leaving your job instantly can hit you financially. Remember this always that this 9-5 job that you hate so much is a source of a steady income and also the biggest resource for your investment. Your side hustle is not going to be enough for you to generate high income so that you can save and manage your expenses at the same time.
3. Work for more hours, but not for the company
Hard work always paid off, but if you give more hours in the work for your company, then it will be your boss who will be getting the result and you will never get rich that way. You need to dedicate your time on yourself, not on anyone else and see what you can do in order to make sure that you no longer have to work as a 9-5 job for the rest of your life. Giving more time to your current job means that you won’t have any time for your own project or business. If you are lucky enough, you might get a hike in the salary, but you need to value time more than the money and that is the only way you will be able to escape the rat race for completely.
4. Create your own passive income
There are basically 4 ways to earn money- first is being an employee and doing a regular job, second is the being self-employed where you have the freedom to make your own decisions but you will have to work for the business. The third is being a business owner where you will have people working for you. Lastly, it is the investor who ranks on the top as he is the one who invests only once that delivers passive income to them. So, you see being an employee is not going to help you generating money, you need to find a source of passive income.
So, these are the ways that can help you get rid of the rat race provided that you follow them carefully and in an effective way.