Leave Rat Race - Part 2
This is the second of two sections, which together introduce a genuine 'leave rat race' opportunity. If you've not read Part 1 yet, please do so by clicking on Leave Rat Race - Part 1 before returning here.
They are happy enough, but since the flat is cramped, they decide to save up to buy their dream
home, where they can later raise their children. With regular incomes in place, they can focus
on their careers. As their incomes increase, so do their many expenses but, no problem, they
can afford it - right? Finally, they have saved enough to buy their dream home, their new
furniture and appliances, and, of course, the new cars.
THEY HAVE NOW WELL AND TRULY The Rich Don't Work For Money
Firstly, you work for someone else. Most people, working for wages, are making the firm's owner or the shareholders richer. Your efforts and success will help provide for the owner’s success and retirement. Secondly, you work for the government. The government takes its share from your salary before you even see it. By working harder, you increase the amount of taxes taken by the government - most people effectively work from January to May just for the government. Finally, you work for the bank, building society and finance companies. After taxes, your next largest expenses are usually your mortgage, loans and credit card debts. The poor or middle class people use their income to pay for their expenses and liabilities. The rich person uses his income to acquire assets and then lets these assets provide the income needed to pay for his expenses and liabilities. Having money work for you, as opposed to you working for money, is really all about power. If you work for money, you give the power up to your employer. If your money works for you, you keep control and the power. DO YOU ONLY WANT TO MAKE SOMEBODY ELSE RICH? Working Smarter v Working Harder
We have to stop working for money and start to learn how to acquire assets that can work for us.
We simply need to change the formula. We cannot carry on following the same pattern - a pattern
that we know doesn’t work for us. Working smarter requires effort. It requires us to seek out
information and knowledge.
In order to gain knowledge, we need to study and attend valuable training courses, we need to know what is happening in the economy, what is happening to house prices and share prices. We need to train our brains to think wealthy, which requires as much exertion and discipline as from the athlete who is training to run in a big race. We need to increase our financial intelligence.
ARE YOU READY TO WORK SMARTER? A Summary Of Where You Are Today
We all retain the basic formula we learned in school, which is, we need to work for money.
This formula is predominant around the world and every day millions of people get up, go to work,
earn money, pay taxes, pay bills and go back to work again. If you’re tired of what you’re doing
or you’re not making enough money, it’s simply time for you to change the formula. In today’s
fast changing world, it isn’t what you know that counts anymore, because often, what you know is
now out of date. Now it's how fast you can adapt and learn that counts and this priceless skill
makes all the difference.
WHEN OPPORTUNITY KNOCKS
A Chance To Change
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Having stayed at school, gaining good grades and a secure job, the young person, let's call him
Fred, is now officially considered a
success
and he can take his rightful place in society; now he can look for a partner. Recently married to
Wilma, the happy and highly educated young couple move in to a cramped, rented, one-bedroom flat.
They feel this is a smart move because, since two can live almost as cheaply as one, they'll save
money.
higher taxes & more debt. Along comes the second child. They work harder - more money, higher
taxes & more debt. Along comes the third child, but now they need a bigger house. The process
repeats itself. They are no longer in a state of self-imposed slavery; they are now in a state of
enforced slavery. Once people are trapped in the lifelong process of paying bills and taxes, they
have truly become colony ants. That happy couple born 35 years ago are now trapped in the Rat
Race for the rest of their working days. They work for their companies, the government and the
bank, paying taxes, mortgage and credit cards.
That’s right, the rich don’t work for money, they make money work for them. The main difference
between the rich and those in the middle class is that the rich own assets. The middle class
own liabilities that they think are assets. Simply translated - assets put money into your pocket
and liabilities take money out of your pocket. As an employee and a homeowner, your working life
can be summarised as follows:
We know that working harder doesn't only put extra money in your pocket; it also means giving the
government more money. Today, in order to have a life that is self-determined, we need to work
smarter, to own assets that will provide income to pay for our expenses.
So, why would you want to increase your financial intelligence? You want to be the kind of person
who can create your own luck. Few people realise, that just like money, luck is created, and if
you want to be luckier and create money instead of just working hard for it, then your financial
intelligence is important. If you are the kind of person who is always waiting for the ‘right’
opportunity to come along, then you might be waiting for a very long time.
We were each given two great gifts - our mind and our time. It is up to you to decide how you
will use these gifts. For each pound coin you receive, you alone have the power to decide how to
use it. Spend it foolishly and you choose to be poor. Spend it on liabilities and you join the
middle class majority. Invest it on developing your mind through learning how to acquire
income-generating assets and you choose a wealthy future. Everyday, with every pound coin, you
will decide whether to be rich, poor or middle class. The choice is yours alone.
Could this be your big opportunity? The 'NO MONEY DOWN' concept will enable you to tart building
a property portfolio now. Why wait for tomorrow when you can take control of your future today?
