Financial Independence
Escape the Rat Race
How to become Financially Independent and Escape the Rat Race:
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Here are 69 helpful ideas to help you plan your escape from the rat race.
You may know these things, but are you doing them?
1) Live below your means and invest the difference.
2) Invest or pay off debt using unexpected income.
3) Get debt free, yesterday.
4) Create an emergency fund of 3 to 6 months of living expenses.
5) After you are retired, increase your emergency fund to 12 months.
6) Max your Roth IRA.
7) Contribute to your 401K up to your employer match (or more if you
have also maxed your Roth IRA).
7B) Invest a portion of your income into silver and/or gold coins.
7C) Learn about options. Experiment with "straddling."
8) Do a background check on your potential broker or financial planner.
9) Roll your old 401(k)s into to a traditional IRA.
10) Never, ever, withdraw retirement funds before you retire.
11) Don’t buy annuities unless you have already maxed your IRA & 401(k).
12) Don’t buy whole life insurance as an investment. You will only earn 2-
3% and you will pay huge commissions.
13) Buy term life insurance to protect your family.
14) Work two jobs, if need be, or:
15A) Start and bootstrap a business on the side, or:
15B) Start a small real estate holding company, or
16) Put in for overtime, or:
17) Go back to college part time.
18) Invest at least half of all pay increases.
19) Always know what your net worth is.
20) Get organized.
21) Keep a journal. Write down investment ideas, business ideas or any
other thought that you want to remember.
22) Delay purchases. Make sure you really want or need what you are
buying. Wait for a better price.
23) Get online and sell all your old stuff that you don’t use anymore.
24) Keep out of debt as much as possible. Paying interest, late fees,
annual fees, and hidden fees does not help create wealth.
25) Buy short term disability insurance.
26) Network. Join an investment club or a local Rich Dad group or a small
business group or other organizations. Feel free to visit our chat room.
27) Form a mastermind alliance and get around people who are
financially independent or working on becoming independently wealthy.
28) Find good mentors and model their mindset and behaviors.
29) Take an economics class if you have never taken one.
30) Take a stock market class if you have never taken one.
31) Take a security analysis class if you have never taken one.
32) Get your Realtor's licence if you are interested in real estate.
33) Read good books about investing, real estate, sales, and business.
34) Listen to audio books about personal finance, investing, and business
in your car. Take a look at the bookstore in this site.
35) Read stories about millionaires, billionaires and people who retired
early.
36) Learn to sell, negotiate, persuade, and build rapport. These four skills
will help you land excellent deals, jobs, sales, and more.
37) Update your resume. You will never know when a great new
opportunity will come around or when the axe will fall at work.
38) Check your credit report at least every year.
39) Decide upon your financial goal and try not to change it. Make sure it
is realistic but something you must stretch and sacrifice for.
40) Know exactly why you want financial independence and stay focused.
Your real reasons to escape the rat race drive you. What are they?
41) Set realistic goals in each area of your life.
42) Every day, take action on your goals.
43) Fill up a piece of paper with a list of your greatest accomplishments
and review it before undertaking a challenging project.
44) Use visualization to help you achieve your goals.
45) Adopt a positive mental attitude.
46) Listen to a customized subliminal CD or DVD before you begin each
day. If you have Windows 7, I can show you how to make a subliminal DVD.
47) Practice self-hypnosis.
48) Check out the early retirement and entrepreneurship forums online.
49) Always learn new skills.
50) Get better at the skills you have now– become an expert in your field.
51) If you are already an expert in your field, consider publishing a book
or consider becoming a consultant.
52) Support efforts to allow citizens to opt out of social security.
53) Say to yourself, “cancel, cancel” when you think a negative thought.
54) Be honest in all your dealings.
55) If you are in debt, listen to Dave Ramsey on the radio. He will get you
motivated and give you excellent pointers.
56) Don't do things that trap you even more in the rat race.
57) Try to get 1% better at your job every day.
58) Use the money saving ideas page on this web site.
59) Think about what you want.
60) Never think about what you don’t want (ie the Law of Attraction).
61) Always be searching for new ideas.
62) Engage in a vigorous workout before you begin your day.
63) Find a supportive spouse.
64) Remember, in every difficulty lies the seeds of an equal or greater
opportunity. You have to be able to bounce back from defeat.
65) Learn about the law, as it applies to your business, work, home,
finances, debt, etc.
66) Join the Independent Wealth yahoo group, it’s free.
67) Overcome procrastination. Get started on your journey today.
68) Don’t be reluctant to start small. Just get started!!
69) Stay the course.
You may know these things, but are you doing them?
1) Live below your means and invest the difference.
2) Invest or pay off debt using unexpected income.
3) Get debt free, yesterday.
4) Create an emergency fund of 3 to 6 months of living expenses.
5) After you are retired, increase your emergency fund to 12 months.
6) Max your Roth IRA.
7) Contribute to your 401K up to your employer match (or more if you
have also maxed your Roth IRA).
7B) Invest a portion of your income into silver and/or gold coins.
7C) Learn about options. Experiment with "straddling."
8) Do a background check on your potential broker or financial planner.
9) Roll your old 401(k)s into to a traditional IRA.
10) Never, ever, withdraw retirement funds before you retire.
11) Don’t buy annuities unless you have already maxed your IRA & 401(k).
12) Don’t buy whole life insurance as an investment. You will only earn 2-
3% and you will pay huge commissions.
13) Buy term life insurance to protect your family.
14) Work two jobs, if need be, or:
15A) Start and bootstrap a business on the side, or:
15B) Start a small real estate holding company, or
16) Put in for overtime, or:
17) Go back to college part time.
18) Invest at least half of all pay increases.
19) Always know what your net worth is.
20) Get organized.
21) Keep a journal. Write down investment ideas, business ideas or any
other thought that you want to remember.
22) Delay purchases. Make sure you really want or need what you are
buying. Wait for a better price.
23) Get online and sell all your old stuff that you don’t use anymore.
24) Keep out of debt as much as possible. Paying interest, late fees,
annual fees, and hidden fees does not help create wealth.
25) Buy short term disability insurance.
26) Network. Join an investment club or a local Rich Dad group or a small
business group or other organizations. Feel free to visit our chat room.
27) Form a mastermind alliance and get around people who are
financially independent or working on becoming independently wealthy.
28) Find good mentors and model their mindset and behaviors.
29) Take an economics class if you have never taken one.
30) Take a stock market class if you have never taken one.
31) Take a security analysis class if you have never taken one.
32) Get your Realtor's licence if you are interested in real estate.
33) Read good books about investing, real estate, sales, and business.
34) Listen to audio books about personal finance, investing, and business
in your car. Take a look at the bookstore in this site.
35) Read stories about millionaires, billionaires and people who retired
early.
36) Learn to sell, negotiate, persuade, and build rapport. These four skills
will help you land excellent deals, jobs, sales, and more.
37) Update your resume. You will never know when a great new
opportunity will come around or when the axe will fall at work.
38) Check your credit report at least every year.
39) Decide upon your financial goal and try not to change it. Make sure it
is realistic but something you must stretch and sacrifice for.
40) Know exactly why you want financial independence and stay focused.
Your real reasons to escape the rat race drive you. What are they?
41) Set realistic goals in each area of your life.
42) Every day, take action on your goals.
43) Fill up a piece of paper with a list of your greatest accomplishments
and review it before undertaking a challenging project.
44) Use visualization to help you achieve your goals.
45) Adopt a positive mental attitude.
46) Listen to a customized subliminal CD or DVD before you begin each
day. If you have Windows 7, I can show you how to make a subliminal DVD.
47) Practice self-hypnosis.
48) Check out the early retirement and entrepreneurship forums online.
49) Always learn new skills.
50) Get better at the skills you have now– become an expert in your field.
51) If you are already an expert in your field, consider publishing a book
or consider becoming a consultant.
52) Support efforts to allow citizens to opt out of social security.
53) Say to yourself, “cancel, cancel” when you think a negative thought.
54) Be honest in all your dealings.
55) If you are in debt, listen to Dave Ramsey on the radio. He will get you
motivated and give you excellent pointers.
56) Don't do things that trap you even more in the rat race.
57) Try to get 1% better at your job every day.
58) Use the money saving ideas page on this web site.
59) Think about what you want.
60) Never think about what you don’t want (ie the Law of Attraction).
61) Always be searching for new ideas.
62) Engage in a vigorous workout before you begin your day.
63) Find a supportive spouse.
64) Remember, in every difficulty lies the seeds of an equal or greater
opportunity. You have to be able to bounce back from defeat.
65) Learn about the law, as it applies to your business, work, home,
finances, debt, etc.
66) Join the Independent Wealth yahoo group, it’s free.
67) Overcome procrastination. Get started on your journey today.
68) Don’t be reluctant to start small. Just get started!!
69) Stay the course.