What is The Rat Race?

“The main reason people struggle financially is because they spend years in school but learned nothing about money. The result is people learn to work for money – but never learn how to have money work for them” – Robert Kiyosaki.

Are you in the Rat Race?

If you answer YES to any these questions, you are in the race.

·        Is your major source of income is selling your time and skills to other people?

·         Do you have a loan or credit card debt and you are working hard to pay it?

·         Are you bonded by your company, where you have to pay the bond if you are going to leave before your contract end

·         Are you praying everyday that your company will not be hit by the recession so that you will not be laid off?

·         Do you have scholars back home, and you cannot afford to lose your job or else they will stop schooling?

·         Do you have a car or a house in which the ownership or title is not yet in your name and you are working hard to pay the monthly amortization?

·         Do you use your car only on weekends and you commute to work because of high gas price?

·         If your project or the transaction you are making ends, will your income also ends?

·         Do you have sales quotas to meet or else you will find yourself applying to other companies?

·         Do you work harder, become better employees, and even more dedicated?

·         Do you get large pay check and wonder where all the money went.You pay some mutual funds and buy groceries with your credit card. The children reach 5 or 6 years of age, and the need to save for college increase as well as the need to save for your retirement?

·         Do you go back to school to get more specialized skills so you can earn more money. Maybe you take a second job. Your incomes go up, but so does the tax bracket you're in and the real estate taxes on your new large house, and your Social Security taxes, and all the other taxes?

 If you look at the life of the average-educated, hard-working person, there is a similar path. The child is born and goes to school. The child graduates, maybe goes on to graduate school and then does exactly as programmed: looks for a safe, secure job or career. The process repeats into another hard-working generation. This is the 'Rat Race'

Many people live in rat race without realizing it. You may be a high corporate executive with a high paid job, but you work 12 hours a day and some time even more. You hardly see your family, let alone participate in your children school and social curriculum. You stress yourself out every day, meeting after meeting, never ending entertainments, traveling on the road or by plane are becoming part of your life, but you have no time for your family vacation for the last couple of years. And so when the time comes that you have been laid off or retire, you wonder how you will live the rest of your life without a paycheck.