You may have heard of the Rat Race

But do you really know what it is?

(thread)

The Rat Race

Is an endless cycle that many people fall trap to

The constant pursuit of

•More money to buy more things
•The better car
•The nicer house
•The flashiest vacation
•The nicest dinners every week

Basically, the cycle of spending

Someone in the Rat Race

•Makes $50,000/year but spends $60,000

They work to get a promotion or more income

•They now make $70,000/year but spend $80,000

They work to get a promotion or more income

•They now make $100,000/year but spend $110,000

The cycle continues

Over and over and over and over again...

They can NEVER have enough money or materialistic things to be happy or content

They are trying to keep up with the Joneses

(Little do they know; the Joneses are broke)

How do you beat the cycle?

1. Differentiate NEEDS vs wants

•A $45,000 car is a want... not a need

2. Live below your means and invest

•Just because you make $50,000, doesn’t mean to spend $50,000

3. Spend, but budget for them

•Be smart with your money

And my last piece of advice...

Majority of people stay in the Rat Race

Majority of people are broke

Notice the correlation

STOP WITH THE RAT RACE

RUN YOUR OWN RACE

Thanks so much for reading this thread

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I appreciate everyone and everything this app has offered me

Thanks again

@DecadeInvestor