Posts Tagged ‘early retirement
Escape The Rat Race
It’s now fact that most people who retire later in life do not have enough savings to even live comfortably. The general population is fixed within The Rat Race; they work hard, lead hectic unhealthy lifestyles, take just a few weeks vacation each year and generally worry 24/7 about money and debt.
The film trilogy called ‘The Matrix’ is a great metaphorical reference for the ‘Rat Race’. Modern life and society successfully imprisons the masses into a life similar to that of a trapped rat. Money truly does make the world evolve, but people do not have to work day in day out to have financial security. The key to leaving The Rat Race trap is to create multiple streams of passive income and how to use this as leverage to maximize on life and live for today.
What is The Rat Race
The Rat Race is a term often associated with an endless pursuit for wealth, which is in fact a pointless ambition. It is a metaphor for lab rat trying to escape its cage or a maze but ultimately just runs round in circles; its attempts are completely futile.
In a parallel view to a modern city, it is many rats running around a large cage or maze; yet ultimately achieving nothing worthwhile or meaningful, either as individuals or as a group.
Retirement Planning For Later in Life is Flawed
Planning to retire at 60 or 65 and live on savings and investments built up over your working life is majorly flawed.
Members of The Rat Race usually work on average forty hours per week, five days per week, forty eight weeks per year. If they started work at eighteen and then finished at sixty five, that’s forty seven years of good life, good health and precious time WASTED away!
There are two scenarios which members of The Rat Race (who work for someone else) usually follow:
