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You may have heard of the Rat Race
But do you really know what it is?
(thread)
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
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
•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)
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
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
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
If you believe this content can help others, feel free to share!
I appreciate everyone and everything this app has offered me
Thanks again
@DecadeInvestor
If you believe this content can help others, feel free to share!
I appreciate everyone and everything this app has offered me
Thanks again
@DecadeInvestor
