What is a rat race?
According to wikipedia rat race used for an endless, self-defeating or pointless pursuit. In programming, it is like an infinite loop. To illustrate it further it is waking up in the morning going to work then pay the bills.
Your success in getting out of the rat race depends on how strong you have decided to get out of it. Everything begins with a decision. Even the simplest thing like waking up in the morning is a decision. As early as this stage you have to decide. Don’t procrastinate. Decide now!
2. Make a financial plan
If you don’t know how to make a financial plan then sit with a financial planner to guide you through your way.
- Set-up a budget and live within that budget
- Save at least 20% of your income.
- Invest money in higher earning facilities.
- Forsee unpredictable events
3. Implement the plan
Planning is easy but implementing the plan is not. It always entails extra effort and extra patience to implement the plan. Implementing a plan is like planting a tree. You cannot see the result right there and then. It takes time to grow and bear fruit. Patience is always a virtue.
4. Review the plan regularly
Your plan today may not suit your future goals. Be pro-active in evaluating your plan. Then do the necessary measures to align the plan to achieve what you want. Prevention is always better than cure.
5. Be open to changes
The only permanent thing here on earth is change. See changes as opportunities. Always have a positive outlook on changes.