A Rule of the rat race

One of the things that I think is a major rule of the rat race is the common belief "Go to school, get a good job and save for retirement". This is one of the more widely spread ideas. Now this is not necessarily bad advice if you enjoy being in the rat race. The key is if you want out of the rat race you need to get rid of this notion since it will hold you down. Those who get out of the rat race do it through either having a business like network marketing with residual income or they create a more traditional business that creates the jobs for people in the rat race to occupy.

Education is a very important aspect of life. I love studying and learning. Now I was not a fan of school since I had to jump through their hoops in order to graduate and I had to take tests. I think I have taught myself more since graduation college than I did in college.

For matters of getting out of the rat race having financial education is a key topic to know. My recommendation is to understanding how money works and how to make changes to it. Just like when you want to learn another culture it is important to understand the words they use and how that helps them in their environment. For instance, in the Frozen northern part of the globe are indian tribes that have almost 20 words to describe snow. Where I live we have just a couple terms for snow. The reason there is a difference is because our lives depend differently on understanding snow. I need to know what the driving conditions will be yet the indians use it for survival.

This is an important concept for wealth building too. To understand money and how it works learn the words and language of money. ( and no, greed, selfishness, etc are not the words of money. Those are the words of misuse of money.) Understand things like cashflow, income, expenses, assets, liabilities, debt to income, etc. These can be learned by taking simple courses in accounting. Economics is an important topic as well since it describes how money flows on a national and global level. Economics is the study of systems of money.

The more you understand how money flows and how to use it the better you will be at having it flow to you. LEarning how to build businesses or other income generating ways will make a difference. You will learn ways to make sure you have plenty of money rather than just put it in the stock market and hope it is worth more when you need it. We've all found out lately how well that works.