Quit your job and escape the rat race, 5 methods of making money!
Life is for living right? So why is 90% of the world stuck working 40 – 60 hours a week, in a job they can bare – just to be living pay check to pay check not making enough money? It doesn’t seem fair that we are given restrictions on when we can see our families, when and how much time we can have on holiday or be restricted to a pay rate that suits the company in making money – not so we can enjoy life!
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 – Now don’t shake your head at me and think I am completely mad. Before you jump to any conclusions read the article “Buy American, I am” by Warren Buffet. Here is a man who has survived stock crashes previously, and is one of the wealthiest men in the world, from stocks. My suggestion is do the research, if you are passionate about stocks – you will find a way to make money, especially at this time! Speak to others who are making money in stocks at this time – and learn from them.
DEVELOP YOUR OWN BUSINESS – You may be sitting on an idea that the world is craving right now! Put a comprehensive business plan together and ask people what they think. This may be hard, as it is your “baby” they are talking about – but see if there is a recurring theme in their comments, if there is, adjust it so it becomes a positive attribute. A fantastic book to read is “The E-Myth” by Michael Gerber – he writes in laymen’s terms on how to make a business work for you, not you work for the business. After all you are after freedom not working harder than you are now right?
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!
HOME BASED BUSINESS – now a day with the internet easily available anywhere and phone coverage is wide and cheap – a business can run from almost anywhere. These businesses are ideal for those stay at home parents. Also for those people who want to be able to travel with an income, or even just those that want to live their own lifestyle and fit the business around that. There are A LOT of home based businesses around these days, it is a good idea to find out all you can about the business, research them more on the internet, check they are legal and then once it fills your criteria of creating a lifestyle you want – then go for it!
What now? As you read the above options, one may have stood out more to you than the others. Begin your “escaping the rat race” journey with that one. If it doesn’t work out, don’t be discouraged move to the next. You will learn more about what you do and don’t like as you go, enjoy the triumphs and learn from the mistakes. If you stay committed, it won’t be long before you are living the lifestyle of your dreams.
Filed under: Entrepreneurs