What is the Rat Race?
Do you also ask yourself, what is the race? Do you work 2 to 3 jobs just to pay your house rent & car insurance? Just got your paycheck but vanishes instantly because of bill and expenses? Here is an explanation on what really is the rat race.
What is Rat Race?
Rat Race is a way of life in which people are caught up in a continuous struggle for power and wealth.
Basically you are on a competitive routine of chasing money!
Robert Kiyosaki described rat race as a cycle. And most of us working employees are in this phase. Usually as an employee you work hard for your boss in order for you to have a raise or promotion. But unfortunately as your income increases, your expenses increases as well.
This means that your also prone to increasing your debt. And debt leads to more reason why you want to do more job and to get more paycheck. You are forced to work harder for your next promotion to just cope up again with your debts.
This becomes a cycle which is called the rat race. Its like a lab rat that is trying to escape while running around a maze or in a wheel.
Why am I In the Rat Race?
The major reason why you are in rat race is because of these reasons:
The school engraved an idea into your mind.
Go to school > Get a good job > Work hard for money > Have Retirement
This scenario is beneficial if you are still in the industrial age which is the time of our grandparents. However the situation now is different. Have you noticed that the higher paycheck you receive, the higher the tax deducted to you? And the higher the position you have in the company, the bigger the debt that you are carrying?
I’m not saying that school is bad. In fact I learned some of my greatest assets in the education curriculum.
However, we can’t deny the fact that they taught us the thinking that If you want to be successful you have to do well in school. From an early age, you are told that you should work hard in school to get into college. After graduating from college, your next move is to find a secure job with generous benefits.
And eventually use this money to buy a house and luxury that we don’t know as we buy this things debts also adds up which is very frustrating, right?
The more debt you have, the longer your “Rat Race” will be and the harder to get out of it.
Fear is another reason on why you are in rat race.
You are afraid to know what is the rat race. We cannot deny that most people are scared of trying and knowing new things. When they get out of their comfort zone, they immediately panic and lose control of things. Little they know that greater things are found outside this comfort zone.
For most employees, their biggest fear is to lose their high paying job. It is because they are used to going to work from 9-5. Doing tasks given to them by their bosses. Even though sometimes there are bully bosses that they want to get rid off, they still manage to finish their work because they are afraid to be fired and not receive any pay check.
The last reason why people is still in rat race is because they don’t want to exert more effort in work.
We all know that when we start something new, we need to put more work into it right? And shifting from the active income to passive income needs perseverance and passion. Most of the people which are already in the high paying jobs like doctors, engineers, or even accountants of big companies, find it hard to think that they will start again from the beginning.
They already went to school for 5-10 years and they are now exhausted in trying something else. But think about this, If the time times comes that you can no longer work in the profession that you have chosen, Where will you get your income aside from the retirement plan?
How to Escape from Rat Race?
I mean most people usually get a hard time in escaping because they for themselves don’t accept that they are already sank in it. If you can’t see the problem, how can you solve it right? You have to realize that being in the rat race is not to be ashamed of instead should be used as a stepping stone to get ahead and move on.
The good news is that you got yourself into the cycle, which means you can get yourself out of it too.
Personally, I for myself is also in the rat race. I’ve been raced in an environment that what matters most is high grades and lots of medals from achievements. But during my college years, after I read Kiyosaki’s book Rich Dad, Poor Dad, I realized that there is more to merely doing good in school.
That’s why right now I’m currently taking an action on stepping out of the race. And I want to share with you how you can get out from it.
1. Learn the Maze of the Rat Race
What’s the best way of learning? It is through Playing!
When you play you somehow get rid of the boring feeling of learning something new. Compared in reading plenty of articles about how to get out of the rat race, You can just sit, enjoy, and learn everything about. And what sets it apart is you can do it with your family and friends!
The name of the board game is Cashflow 101. It is a How to Get out of Rat Race Game that teaches people on all ages the ways on how to escape from the race.
Here are the things that you will learn in Cashflow 101:
- Passive income generators
- Cycle of Business
- How to Pay Commodities
- Invest in Stock and related assets
Don’t think it as an additional expense, Instead think that it is an investment!
2. Learn Another Source of Income
If you already understood the rat race, I suggest you start your way out of it. Start investing your time in learning new things that can sooner of later help you earn a passive income.
By the way, Feel free to post your personal experiences about rat race and how you managed to escape from it.
Comment below your questions and inquiries. I’d be more happy to help and assist you.