January 3, 2009
Making money to escape the rat race, 5 ways to help quit your job
Are you sick and tired of working the 8-6 hours, never seeing the family and restricted holiday time? Life is meant to be fun – surely making our companies rich while we struggle financially and with family relations. Well here are 5 ways to step you out of the rat race you are in, and get you on your way to living the lifestyle you choose!
5 options to take into account and ponder – each has the opportunity to help you out of the rat race:
PROPERTY – Although the media tells us otherwise, now is actually a good time to buy property. Often the prices are cheaper and value will eventually rise (as it has after every other economic crisis). Make sure you do the research, talk to people who are also buying property now, and read up. A great book to read is “0 to 150 properties in 3.5 years” by Steve McKnight. These are many different ways to invest in property and this book covers a lot of them.
STOCKS – Again, I hear another moan of resistance. This is where I will simply say – read the article (“Buy American, I am” New York Times) by Warren Buffet the man who has made the most in the world off stocks. He basically says right now he is buying stocks. He has survived two other stock market crashes and has done the same in each one, why do you think he is wealthy? As with property – the biggest thing here is to research, research and do more research.
TURN YOUR IDEAS INTO A PROFITABLE BUSINESS – Can’t find a business out there that suits you – why not start your own? Everything you can see around you, all started in someone’s imagination first. Or maybe you see a business that could run ten times better, start that. Although it may be hard at first, if you truly are passionate about your business it won’t seem like work. Another thing to consider is to actually make sure your business can run without you – therefore giving you the freedom you are striving for. The best book I know that can ensure you do this is called “The E-Myth” by Michael Gerber
FRANCHISES – If you feel that building your own business is too much of a risk, but still like the idea of having a business, Franchises are another great way to go! With proven systems that work and have proven profits, what more could you ask for. They often provide guidance and support through the whole way. One thing to keep in mind with franchises however is that you will need a substantial amount to invest with. Banks will probably lend you business loans for a franchise more so than an unproven business. Pick your franchise, check it aligns with your goals and also values & beliefs and you are on your way!
BUSINESS BASED FROM HOME OFFICE – A home based business is ideal for the stay at home parent looking to watch their children grow up. With the internet so useful and phone deals quite cheap, you can be at home – yet connected to customers around the globe! Home based businesses are often cheap to start up and can have the potential to make a lot of money. It is important to do your research as there are thousands out there, and some are illegal. Find the one that interests you and most importantly, has the potential to deliver the freedom and income you are looking for.
So, which one? Read each of the titles again. Ask yourself – which one feels right, or sounds good to me? Pick that one to start with. You may find gold the first time, but don’t be discouraged if you don’t – I definitely didn’t and I tried practically all of them before I found my vehicle to freedom. Learn from the mistakes, and reward your successes – enjoy the journey and it won’t be long until your lifestyle of choice will be a reality.
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