The Rat Race Explained - Life's Financial Trap
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- เผยแพร่เมื่อ 16 พ.ย. 2019
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The rat race starts sometime after you are done with college. You get your first job which pays decently enough to allow you to buy your college dreams. For some, the first dream would have been to get a 72-inch plasma TV or a 152-inch one, if you are a big dreamer. So you buy your TV. Next dream on the list might be a car. So you get yourself a functional car as you wait to buy the car of your dreams. At work, you grind harder; get a promotion and a salary raise. This means that you can now afford to move to a slightly more expensive and fancier house so you do.
#TheRatRace
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Now imagine Steve working long hours and still not making any real money... Welcome to the real rat race.
The problem with Steve is "lifestyle creep". He spent more money as he made more.
Exactly that!
Brilliant!
Inflation took care of the rest, work your ass off and watch the purchasing power of the fiat currency dwindle 😕
Amen
This whole video sounds like a sales pitch that never drops the product.
Absolutely. "Want to break out of the rat race? Be upper middle class and... work from home and use social media?"
Everything is a rat race lol
@@danielkelvin1036 scam alert
*The system provides a very expensive service called Getting You Dead. Death is eternity inside of the Sun. Failing all else, the taxes the system extracts from you are paying your way back inside of the Sun.*
Daniel kelvin nice return. Can I just mail your friend all of my money?
Even if you win the rat race.... You're still a rat
ZHP330i Ain't that the truth? 🐀🏁
Yea but you’re the fastest rat lol
Julius Caesar ya but u don't work for yourself lol
Reminds me of a quote "I'm still a part of the matrix, but I'm not in the matrix." Or maybe it was vice versa. It's like seeing behind the currant and how the magic trick was just a trick.
@@shaereub4450 lol. So having the ability to know it is a rat race and not be able to get out of it?? I feel like majority of people who watch this video will understand the rat race but will never get out of it.
Then the asteroid hit the earth rendering everything to dust, wiping out everything anyone thought was important. Being an insignificant speck, the rest of the universe didn't notice.
This gives me peace. Thank you.
As long as it was Golden Asteroid, its all good, Someone was on the other side of the planet, survived, and is soon getting out of the rat race !
Slim chance that happens during your lifetime though so while you are alive, try to make the most of it within legal, ethical, and moral standards. The video does not discuss the return on investments, time/value of money. If you could save up $100,000 in assets that return 10% you'll have a passive $10,000 a year income source. Keep reinvesting and increase your passive income out of the wage slave trap.
Sphere of significance is a thing. In scale and relativity most things are meaningless. Why at the same time the matter to someone.
It's all a game, albeit a cruel, trivial, and superficial task meant to take up our time and reward those who allow themselves to be exploited for a "greater good".
- Be frugal
- Work on your passion
- Become self sufficient after some years of hard work
the men of all words
Yes sir.
Exactly, I am also a good for talking guy.. 👻
Yes and no. I just listened to a podcast where a guy did the same, and his father reminded him "You'll never get those memories back." Which means missed opportunities, great memories with loved ones, ect. It's like how my step dad said he'd rather spend on expirences than stuff. Sometimes better quality of life is better than penny pinches frugality (not saying fugal living is bad, but... The sacristy mindset is).
O'SSÉIN - Master Your Mind With Me *Work is for slaves. The end result of slavery has always been death. Slavery does not work without religion. Religion does not work without death. Death has been is now and always will be eternity inside of the Sun. If man was formed because there was no one to till the ground, then the man was formed to work. The lifting of the veil has been completed.*
So true. Robert Kiyosaki said it best when he said most people use their money to "invest" in liabilities that they think are assets. Fancy cars, big houses, and shiny things that constantly take money out of your pocket without giving any back. Then people feel trapped and think it's just because they need a better job.
“A job is much safer than trying to start a business,” said Steve, before he received notice that he was being laid off because his job was outsourced to India.
I feel that😂😂🤦♂️
I work in IT and my colleague got laid off because his job was outsourced to India. The competition is getting really bad and most of the tech industry jobs are at stake...
Many jobs will be replace in a shot to medium terms with AI and robot. We need to find something that a machine can't do.
@@actnowordreamon6774 The AI/Robots will only help in the completion of tasks they won't complete them by their own.
To save you 9 minutes:
Don't be a wage slave. Start a business.
You'll still be a slave. Your income will be feast or famine, because on the risky nature of customer demand.
To start a business you need to sacrifice something
That's just a different cage full of rats.
90% of businesses fail within the first 5 years. let that sink in.
@@Peanut20 80% of statistics are wrong. Get back up & start another one...fail enough times, and you will succeed.
Summary: Avoid lifestyle inflation! (As you make more money don't increase your spending)
Also invest in monthly dividend paying REITs and fund a Roth IRA.
@@elgooges great tips!!
@@elgooges or index funds, check out, our rich journey, they just retired at 39, they also beat my dad by 10 years
@@NickOloteo 39 is not that young though, but still
Fernando it’s basically half way and most Americans don’t retire until their 60s and my generation could be working till the end with the massive student loan debts
Simply not caring about what others think is the perfect counter to this.
you won't really be able to participate in society though
@@christophilous4831 Not even close to being true.
I wish I could truly that, but how do we not care about those who we love?
Using you earned income to build passive income if done correctly will allow you to get out of rat race leading to more fulfilling life .
@@primegotem8842 Well yeah, it's what I did myself. But not caring about what others think is essential to living below your income.
rat race starts when your put into public school actually
Yea I had pretty messed up childhood because of teachers
Frank Farroghi public schools are run like factories.
@@marioroman7188 That's most of the schools nowadays
You are*
Parents supply raw material to school factory to provide slaves to rich capitalist.
> To get out of the rat race, just turn your hobbies into a business and join a different rat race.
Hahahahahahahahahahahahahah
Omg, that realization tho... 👌🏽🤣🤣
Bingo 💡 Now your on my level.
Exactly what I was thinking hahaha. 'Now I can start competing with other design entrepreneurs who want to sell their services to the same customers as me!'
But not really, because Julie did not have lifestyle creep, so she can pay for necessities regardless of how the business does. Its more like 'leveling up and moving on to the next world' Its still hard work, but at least she choose to take on the harder level, instead of having money wants force her to try the harder level.
Started my business 6 years ago. Quit last year because my business now makes my work income except I work 20 hours a month vs 50 hrs a week.
Jobs = rat race forever.
Business = temporary rat race.
Hahahahaha 👋
I've wasted my 20s working between various crappy jobs, which is slowly taking a toll on me. Now in my 30s broke as hell and still working a crappy job. I can't keep living like this! Things are going to change for the better. I'm going to work for myself. If I would've known this in my 20s like I know now, I would've been better off. It's never too late.
Im on the same boat......at least we are doing something now.
NGU. Never Give Up ➕❤️🙏🏾
@@peterjoe530 Thanks! 😃♥️
You can do it
I'm 20 and taking lessons from you people.
I'm 30 & already quit race race with Angela. It's all about ego/narcissism in our culture. None of those promotions really matter. Steve ruined himself, a child is 250,000$, house 400,000$, car 60,000$, wife unlimited, health insurance, college savings, etc. You're a million in debt & ruined. It was a trap all along.
"Wife unlimited" 😄 🤣 😂 that is the whole truth brother! women always apply pressure cause they always just want everything so the key is to not get married . Lol
@@cboakye6980 no matter how much money you make a wife will spend it all
You guys are funny 😂
@@georgewalker6631 husbands do that also
Sounds like you might have escaped rat race just to ended up in cell.
The worst part of being self employed : You dont get as excited for weekends and holidays like you did working for someone.
Yes but no alarm clock and mid afternoon naps are sweet! No bullshit traffic either, or time wasted commuting. Bigger win.
No need to ask for permission to go to the doctor or dentist. Ability to go to school plays or sports days easily. Long bath at lunch, or nap, self development etc. No eating out for lunch unless necessary, possibly lower commute costs...
@Eatthebabyzdoodoo Hugthebabiesbutt to go to Sports Day or nap, go to the doctor you need money?
U will be excited for the workdays instead of weekends, if you are self-employed by a profession that you actually like :)
@@zitrakzsingh7295 Remember to have moderation in being an introvert, you might get bored after few years without friends...
1: Be modest , spend only on needs not luxuries
2: Have some fun every day, socialize , travel and spend time in nature
3: Try to be enterpreneur , work only for yourself, not for the others
4: Invest extra money
Invest extra money in what
Stock
Thank you friend
The problem is that not everyone can be an entrepreneur especially if everyone takes the attitude to work for themself only.... but in one way everyone can be an "entrepreneur" of sorts by working not for others but for everyone else.
@@DaddyAZTL it's not that simple. What kinds of stocks?
Another solution: After you get your promotions or raises pretend like you're still making peanuts. Most Americans will NEVER do this.
I agree. People spend their money on junk they think will make them happy instead of the relationships, including friendships, that make life meaningful.
hard when you got money to not spend them
@@cautarepvp2079 Then put the extra money in a savings account, stocks, or anything that makes the cash harder for you to use on impulse.
It's not just the Americans. This is a universal phenomenon which involves 99,9% of the people, everywhere in the world. Unfortunately. And although many of them realize they have this problem, they continue "running". It is not a matter of perspective - it is an amalgam of fear combined with brainwashing, weak mind, and lack of endurance & faith in one`s own capabilities. Of course, hearing this beautiful story about the amazing opportunities of the internet - which is basically true, yet still a crapshoot when studied closely - and living in the "wrong" environement, surrounded by the wrong crowd, surely doesn`t help much either. My conclusion a long time ago was: either believe in yourself and face the challenge head on, or just keep going with the flow until the day you die. One must be open-minded and courageous enough to take on life itself, but also stick with it, being ready to accept the consequences - whichever they might be. And there we are again, back to the start of the seemingly unending rat race, facing one`s constant companion - fear. Keep going or break free? This is the time to choose.
@@TimErwin doing that, not effective need to produce more
Angela is on the fast track to becoming the lonely crazy old cat lady
its 20 years after college (so 40+ years old) and still no relationship, yeah its pretty much guaranteed
Angie the spinster
Angie gave it up on the first date up until 35 and can’t figure out why no one wants her.
I want one of those.
After she gave it away for free for years, why would a guy pay the full retail price?
They left out the most important lesson of the whole goddam story- true happiness is spiritually defined and not materially
It ain't about the money it's about the freedom and autonomy
How can everyone be a boss? You need rats to run the company.
You don't need a company to make a 100,000k income , just you and one or two other workers.
I am my own boss and started my own private practice as a licensed healthcare provider. I work way more than my peers who are employed for less or the same money. I don't have health insurance given to me and am easily derailed when my office building is sold from out under me, which has happened twice in 3 years in Austin. But at least i don't have to deal with a female boss as 97% of my field is female and I would stab my eyes out with anyone who resembles my mother. I also work weekends and evenings which sucks because I need clients.
Not true
I had a home business for 10 years. I spent my days sleeping in, processing orders in the afternoon (2-4 hours work a day) and doing whatever I want in the evening and weekends. I didn't earn a lot but it was enough to by.
@@paula3582 that sounds great!
so true. working for other people is really a nightmare. i’m almost done but if i had to do it again i’d take a different path. my advice if you do find yourself in the rat race: keep costs low, pile up money as fast as possible and become financially independent.
Or get a mentor who's financially free with a passive income, who teaches you HOW. This way you can live instead of saving money and missing all the fun.
Hahaha get your first job and start buying things? Man with my first job's wage I wasn't able to afford more than my rent, commute and some shitty food. You don't know what a financial struggle is.
What was your college degree in?
@@mrgamnwatch Biomedical engineering... Please if you want engineering take software, financial or petrochemical engineering, something that makes money because not all engineerings do it but all are hard.
@Joseph Heaton Well I don't know you but is clear my comment bother you.
I'll give you a little context, I'm from Mexico, no the US, here we have quite big public schools, that's not the issue, wages here are the issue.
You'll see my first job was as electronics technician when I was 16, later when I was 20 I left that in order to do full time at the University, how much do you think I earned at 20? Around 400 USD/month. Later when I started working at my first biomedical engineering job the salary was exactly the same.
For more context average rent in Mexico City is around 600 USD, for even more context a 3-5 years of experience biomedical job is around 770 USD after taxes, while my father a retired elementary school teacher makes around 1000 USD, the same that an informal groceries peddler (a vendedor ambulante) according to the last government earnings survey.
Neither my father nor the peddler needed a 5 years bachelor's degree (that's the time an engineering degree requires on Mexico, also elementary schools teachers only require a special high school certificate and have lifelong jobs).
Me like lots of professional workers are quite angry because most professional wages are way beyond poverty line (average lawyer salary is around 500 USD monthly) and we are making way less money than most people without any studies.
I don't feel grateful, I feel cheated, because I studied since high school at the Instituto Politécnico Nacional which is arguably the country's best engineering University and since then I was told by my parents and teachers that all the effort will have their reward.
Now I have mechatronics engineering fellows that preferred to illegally migrate to the US to work as electricians because they saw a better outcome on that.
Others like my sister left the country to study their Master abroad living with the minimum wage she earns as research assistant because here she didn't saw better opportunities.(she estudied biotechnology engineering).
I'm lucky to be able to learn by myself and work on software, but if you see at LinkedIn most well paying software jobs not even require a bachelor's degree, here lots of companies didn't trust mexican universities, for me my time at the University was a waste of time and money.
I'm very sure that in the US the things aren't the same, and I know it because my own second degree cousins whose parents illegally migrated to Texas back in the 80's are doing quite better than me without any degree working at the restaurant sector.
You can't talk me about financial hardship if you're from a country where your bachelor's degree actually allows you to live above the poverty line.
@Joseph Heaton Well anyone who work their way out of trouble deserves respect, and that includes you. I saw this video
expecting a more meaningful financial advice, but I got disappointed because it talked from a position that for me an possibly the vast majority of world's population is a pretty comfortable one. That was the reason of my rant.
Besides the fact that Mexico's situation isn't good or nearly comparable to UK or US one, it could be worse, for example I doubt I would be even able to write in English if I've been born on Guatemala or some African or the Mexico's southern states.
So sad that most UK graduates had that bad outcomes, from here the UK universities look like a quite prestigious option. Besides that I'm quite confident that in the face of the political struggle you're facing your generation will be able to stand up against the hardships.
@@astaroth0316 Mexico sounds just like the Philippines. Even a doctor in the Philippines earns a very modest living. I hope you can come to the US or even better to Canada, where they welcome educated hard working immigrants and you have a good chance of getting ahead. Best of luck to you and God bless! Get out of Mexico!
The topic was explained really well (starting from the basic definition- which is the best way according to me) & all in all a pretty good video 👌👍
Morale of the story.
Dont get married.
Dont have kids.
Do what you want, when you want, as long as you can make the money needed.
Awesome.
C P lol
This is great life advice, I don't like being a slave.
It's also even more egocentric to keep popping out children into an already overcrowded planet.
as a Men this is the only chance towards a frugal lifestyle ;)
My mate has a family where he works part-time (wife doesn't work)and does whatever he want and enjoys spending lots of time with his family. Most things people buy what they don't need where the more material goods you have, the less happy you become.
This was a poor effort that didn't really explain the financial trap of the "rat-race"
it did quite well, but it does not explained ways out ;)
@@TheOneG36 it draws a negative picture about society and life. Everyone focuses on the wrong thing, getting out.. The reality is that if you're already focused on getting out before you get in you've already been beaten by that negative mindset!
please explain to me what financial trap the rat race has?
Maybe you should re-watched it then. A very thorough depiction.
Djessy,
The video explains it quite well, on a surface level. Here is a book that explains it in depth:
Stop Acting Rich (by Thomas J. Stanley)
Starting a business isnt for everyone. It’s usually a lot of hardwork and requires patience and dedication. Most people get stuck in the rat race because of *lifestyle creep* _which is the tendency of increasing spending as you receive raises, promotions or bonuses_
It happened to me, what I learned was;
1) when you pay off your car loan, dont trafe it in for a new one.
2) your time is valuable. It’s better to work 10 hours at a place 10 minutes from home than it is to work 8 hours at a place 1 hour from home.
3) when you get a raise, you will be tempted to increase your spending habits, DONT. Too many people go out and get a fancier car, or a nicer condo to reflect their income. It’s a trap.
4) keep your home full of groceries. This gives you the luxury to wait until the deals are good to buy certain items.
5) if you qant to start a business, start small and local. Avoid MLMs and avoiding investing a fortune into a high maintenance business. Instead treat it like a hobby and grow more seeious as your business grows. Dont start a business in debt
What kind of small business>
morale of the story , life is pointless. rich or poor in the end we all die.
I like this comment. A lot lol
George C. Very true and I came to that conclusion not too long ago. All money does is give you more freedom to enjoy what’s on this earth but it’s all an endless game of repetition, even if you are super rich how many watches and cars can you enjoy owning? You could do charity but really in the end, poor or rich as you said, sick or healthy, whatever race or religion, we all end up in the same place. Kind of like a sick game of the gods no?
@@justinvaledon Life is a pointless game from God. May be there is a reason but who knows?
Find a damn rich husband, use his money legally 😊
Daaaamn! Where's the optimism my brother?😂😭 i agree
The rat race is more like Ecclesiastes' book in the bible. Where you work hard not noticing that you are chasing the wind.
Interesting
I had a similar thought. All is vanity and chasing after the wind. This is life under the sun, meaning, Living only for the here and now, not living a spirit filled, Christ centered life. Jesus said I have come that you may have Life, and that more abundantly.
Be an entrepreneur. It's hard at first, but it will be worth it in the end. Don't be a mediocre office worker.
Dakota M and nobody talks about how a good job gives you better capital instead of going to the bank for loans which will choke them later in life
@@naddarr1 most, if not all successful business owners failed multiple times before they achieved success. Instead of quitting after the first try or two, they used their failures as learning experiences.
One of the Great
The majority of people have a defeatist attitude and won't even lift a finger to try, or to do any research, so they just start pointing fingers and blaming "the rich" it's a lot easier.
@@naddarr1 one of the greatest things about the U.S.A. is that anybody can become an entrepreneur
Dakota M if you fail, you get back up and try again. You don’t quit. That’s how you succeed. Not by avoiding risk.
@@naddarr1 The owner of star-bucks failed thousands of times with his businesses. The universe rewards bravery and persistency. Learn from your failures, and eventually you'll make it.
How about not going after the promotion so fast and keeping your expenses in check by living below your means?
sure but the rat race is still there
The trick is figuring away to escape it.. which isn't always easy.
In my dictionary rat race if never ending work for money, but escaping is instead work for money, your money work for you.
The rat race here was Lifestyle Inflation. Bigger house bigger car just because pay checks are bigger. Quality can be important, but only if it's needed or enjoyed.
Such a nice Video, keep uploading!
i could listen to that guy's voice all day long. it's so soothing and hypnotizing.
At the end nothing matters,
So throw life into something that you love doing.
Every day alive is a special day.
Dark Knight 👏😎
See the pattern? The things you buy in reality OWN you. Keep expenses to a minimum and direct it to investments instead. Financial independence is the ultimate goal.
I'm a rural delivery driver that makes eighteen bucks an hour, I drive a beat-up Corolla and living a cheap house that I paid 30 grand for and every year I go to Canada to photograph the northern lights. my hobbies that I care about are bass guitar and photography and I got plenty of time to do that after work, it may be a job but I love driving around the boonies going a different people's houses and pudding packages on their doors while I listen to whatever music I want and take breaks whenever I want. Doesn't necessarily mean don't have a job to me not being in the rat racemeans being happy with what you have and living in a rural environment away from polluted cities
I'm quitting the rat race soon! It has never made me fulfilled working a job for someone else's company.
I'm hoping to be doing that next year...
i wonder if that's what my employees are thinking when they steal from my company.
Same! I'm giving it up too. I got a great job and I make 6 figures. I'm the most miserable I've ever been. I just want to have more fun.
@@SkullsAndSugar omg this Inspires me so much because I barely make 33k a year and I hate my job and if someone with 6 figures hates their job then it's an eye opener for me.
@@stevenmmendez I've had to work so hard to get here and it never ends. Constant competition, comparison and expectations. I'm always at work wishing for my next vacation. I even listen to my coworkers counting the days until vacation. I have a nice apartment that I'm never in. I was happiest making minimum wage in college, in a small apartment, going out with my friends. I work in the medical field and see so many people die before retirement. I refuse to be one of those people. I want to enjoy my life NOW. Money can't buy or fix everything. Family and freedom are most important to me.
Focus on the long game so today's decisions are meaningful and not wasted. Money is a false indicator as ultimately it's about time management of your life. Each time you use your time is giving up a piece of your precious life. Choose wisely.
Amen
Just save 15% of your monthly salary at least. Then realise that happiness will always return to a base level, doesnt matter what you achieve. Just make your life as simple as possible. Drop the noise.
This ! Keep it simple , save , don't burn yourself out trying to achieve some career that you deep down don't want , avoid financial traps and keep out of debt , money gives you options and freedom , ie don't like your job , quit care free if you have enough behind you to tide you over .
"Just save" lol. some people r so disconnected from most of the world's reality...
@@whitefang238 If your income has no margin for savings then that's just the way it is. If you can cut expenses to free up 15% then do it. Even if you start with 5%.
@faggy maxwell then pay your bills for now
I like how this video puts a life and career in perspective without making one feel bad about oneself.
Still in my late 20's,, happy I found this video and the comments below.. Thanks guys.
Eric nnamdi What are your plans now when you have seen it?
My plans now is all about decisions and taking steps. Could be the next entrepreneur by 2020 and be my own boss by 2030. so my plan is to retrace my steps and see where I can go from there.. What do you think?
The sounds good!
I personally was going to educate into something but i think i actually would like to be an entrepreneur like you plan on doing. Run your own company that sounds very intresting for me but i also plan on quit working pretty early with FIRE.
@@starscream6657 oh, okay. With fire you mean while still young, is that?? Well it's about an idea for me.. Still watching on what could give birth to one for me and I will take it from there.. I'm a young Chef though and that's a lot of fire to play with.. Lol. I don't wish to waste all my years of training not being my own boss.
Fire is short for Financial Independence Retire Early. That is the term for those who choose to stop working before the age of 65 years. So if you stop working at 40 years or 60 it is the same thing as long as it is before 65 years of age.
You can fire as a chef it is just depending on how much you can invest and how much money you need to live on in your normal life. But if you have a good idea or concept for entreprenour and work hard and be patient you will succeed!:>
If the rat race was this easy for me I might actually fall for it. Climbing up the corporate latter is anything but easy and sometimes I wish I could trade my high income for more time to myself. The higher the income the more responsibility and stress. At that point your job literally owns you because you cant turn off even after work since you are always needing to solve complex problems.
Good point
Being your own boss and living within your own terms will always give you more freedom and happiness in my opinion
sure ... but been force to work to pay your bills ... there is no real freedom unless your finance set you free. I am not saying you have to be rich, not at all ... but if you have to work you are trap. If you work because you want to participate in the society, it is a different story. Come and watch my channel
This was quite insightful. Thanks for posting. I think I learned from it.
I created a series of videos about this topic, come and watch my channel
Ballance is important as well as keeping a sense of curiosity alive.
This is what I soon discovered in my Junior year of high school. Not to make excuses, but it was a big major reason why I no longer tried that hard at school. It's exactly what this video describes. A never ending race.
Get out of the rat-race by making and selling designer rat-race cages.
Thaks you for the practical examples they were awesome!
Nicely put together. Good job.
2019
>Go to college
>Get a real job
Is this fiction?
Spoken like some one who never started a business lol
Wow, and what was the average time trying in those other businesses?
They're in business school
And define "real job"
@@danielkelvin1036 don't do that man don't be that guy
you don't have to start your own business, if you don't want to go through all the bullshit or hesitate about your leadership skills then just invest in other people companies. you can fuel your investments with your day job, it might not be that lucrative like starting a very successful business, but it probably pays off over the long time and eventually you will get out of rat race
I just got my first paycheck for my writing. Definitely not enough to live on, but it’s a start.
The most needed at this point of my life. Thanks editor
Wonderful and awesome message and I trust and pray that alot of persons will come across this video.
TLDW: Start your own business so you can let another sucker run it.
Merlia Santos why are you copy and pasting sir
I'll use a simple example- my friend drive a cab, then bought a towncar and went independent. Then with this new small business bought another towncar and hired a driver. Now he's got a two car business. He partners up with another guy who did the same thing but is up to five cars. Now he and his business partner have a seven car fleet with the newly formed company. At that point they started moving into aquiring limos then hired a manager. Now he oversees this company part-time and just rakes in profit as they grow.
@@boothwodensen4897 Then did uber put them out of business?
@Merlia Santos nice copy/paste. By the way, renting out property is a form of business ownership moron.
@@ericwright3798 Good point, it did hurt business back in 2012 when uber came to Jacksonville but towncars and limos still do okay in their niche markets.
Steve is on tinder trying to score girls
Angela became a bitter single cat lady
pooldar mgtow
Be like steve, scoring digits.
pooldar Angela is living the lifeee!! And I’m not talking about material things
I tried it for few months and i can say that there's no job i enjoyed more than this, even tho you end up working much more than you ever did in the 9-5 job but yet feels much better, gets you to learn to do so much stuff by yourself and especially makes you know so much things about yourself that never surface in the 9-5 workstyle.
What job are you talking about?
Your animation and narration are praiseworthy.
I escaped the rat race some 10 years ago. Thanks to 'Rich Dad, Poor Dad' by Kiyosaki, I own commercial buildings & the rent that generates pay my living expenses plus much much more.
@@CharafB1 1. quite happy. 2. to inspire others
@@CharafB1 yes, i agree. to some extent he is. his books back in early 2000s were great but I'm sadden to see him change & become a trumpist.
How do you get the money for the buildings in the first place?
@@joebudd6716 leverage. i put 10% down for my first home. refinanced & pulled cash when the price when up. used that cash as 20% down payment for next property. when the price of new property went up also, i refinanced & cashed out again & repeated the same process. This is a common method suggested in many good real estate investing books. It works!
@@samann95014 can you suggest me some books? I work as an electrician in the union and i work with all commercial buildings and would love to get know how to invest in real estate
I'm 25 been out of college for 5 years an this is my life
no its not. You own nothing. It's worse
Thank you so much this video was so helpful
Awesome video thanks for explaining the Rat Race this goes deep.
this is what i do too, but always search a mentor that already walked that path and knows what do and avoid. all rich people did, search for people that are more intelligence at there business, you can learn and grow for yourself and your online business
Well said.
Underrated life advice.
The trick is balance. Let work be your top priority so you can keep a good job, but don't give it all of you, save time for yourself, your spouse, your kids, your community, your church. Live below your means. Save for the future. Give to the needy. Chasing more stuff will not fulfill you. Your life does not consist of possessions. At some point, say what I have is fine, what I need is good relationships with those I love. Honor God from your heart. He will bless you, I promise.
Awwwwwwwesome video. Thanks so much for the life lesson. It so important that we move out of the survival phase and start living like Angela did. 🥰🌟
You could Work for someone, make good money, Like your job, and be happy. Everyone shouldn't be fed this idea that you have to start your own business make your own money or else you didn't live right. More money doesn't mean filling up that void, Plus there could be huge risk starting your own business.
Scrabble games would be more believable if spelt correctly.
Apologies for the error, and well spotted.
So would mortgage and friends ;)
Scarble
Lol, I love play Scarabble
The video that never got shown at school..
If they showed this in school, it wouldn't make any sense or have any significance. You need work life experience to understand this.
@@malikrahman8649 It's still better than stating to kids to just pick a career. Kids can easily learn to save up for an item or event, never told to save for themselves and have at least an emergency fund. Adults will learn what the emergencies are, but it's not bad to start kids out sooner.
@@alfredgomez3128 better go to college get good grades good job than risking all this, how many people you know to be broke when going to school?
School would rather you get sucked into the rat race.
@@alexvaughan1013 which is a confort life with good living standarss
Complete agree, My bread and butter is being an Industrial / Shipyard Electrician.
My hobbies and things I slowly making a business is photography, Graphic design/Marketing and programming. Which find fulfilling even when its currently not paying off. Its fun and engaging to learn currently.
good day sir. thanks for this useful video, i also one of the workers in rat race cycle, i didn't know ive wasted so many year in this job, now i know where to start, thanks you ang god bless.
Lost rat race souls should read "the millionaire next door" and "the richest man in Babylon"
Charles Munson Rich Dad Poor Dad, The Four Quadrants
I have read two of these books in less than a week. Many of the principles applied has changed my views on personal finances to a greater view. Something that colleges don’t teach unfortunately. A job exists so if can be utilized to start a business or make investments. Pay yourself and continue on.
I absolutely agree with you!
Not everyone is capable of succeeding in their own business. Some people are actually better off working for others. Even if you ha good ideas it does not mean you will succeed or NOT lose your investment. One thing these videos always fail to mention is that it really does cost money to make money and even more than ever before now days when you have to compete with big corporations who can do things far cheaper and they tend to be well established. Currently even big corporations are folding up shop! The realist know, while you can succeed in a huge way in business, many...most in fact end up losing their money and even more so now when the average person doesn't have enough money to afford a minor medical emergency much less spending anywhere else.
It depends. Some people make money writing eBooks, or working as virtual assistants, or designing websites, or teaching online courses.
I did not come from money but this is how I got off the hamster wheel.
Learn a skill or go to college to learn a trade (not just some general degree) do the rat race for about 10 years to learn how monetize the trade or skill, open a business on the trade or skill ( I own a boutique CPA practice), live below your means and invest 30% (minimum) of your income (I did real estate and now collect rent from 6 properties).
Stop making someone else wealthy and invest in yourself.
That’s how I was able to get out of the rat race by the end of my 30s. It’s liberating to not have to rely on a paycheck, make your own hours and enjoy spending time doing what I love to do.
I can relate to Angela. Certainly looking for alternative to get out of the race now.
Rush could not have said it better. "Some will sell their dreams for small desires and lose their race to rats"
"She realized she didn't need a chauffeur, she could drive herself". Wow and thats all it takes to escape the rat race. Jeez wish someone would have told me sooner :|
How much more out of touch can you get with the average wage slave?
Also assuming every rat racer advances is hilarious. It's called the rat race because it feels like being a rat in a test maze with no end. Or like being a rat running on a wheel. The moment something good happens, something else crashes in to counterbalance the progress.
ikr? I don't use a chauffeur or go on vacations to begin with.
Remember we work to live,.. Don't live to work. A few ways to prevent yourselves from getting too deep in the race, for starters live BELOW your means... I remember my second job as a carpenters apprentice making 10 bucks and hour at 17. I was making 400 a week with zero bills aside from my cell phone. And I blew every penny every week on food, pot, fishing crap ECT. Told myself I needed to make " more money". My next job as my skills picked up I was making 15 an hour! 50% more and now I only had car insurance payment yet I still was broke every week. The more money I made the more money I spent whether on bills, or luxury I felt I deserved. Always live below your means. Buy a used car instead of new. Buy the car in cash no lease and no loan. I have always owned my vehicle never had a car payment aside from insurance and I saved thousands in interest. Don't buy food out just buy it at the store and cook. It's insane how much we spend on food that's already prepared. And last but not least... Don't drop a grand on a cell phone when ones at wall Mart can do the exact same thing for 100 bucks... I don't understand how anyone that isn't rich can spend that much on a cell phone meanwhile I have friends that make less than 40k per year complain about money and they bought the new I phone for 1100 bucks... And are slowly paying it off layway or credit card.. By time they pay it off its time for a new phone. Im not old but I come from a time when 200 was considered expensive for a cell phone. And lastly, start investing early as possible leave it alone and let it grow
Absolutely amazing video, this is real life!
Work until you die. That’s where we’re at these days. At least for most of us.
What's wrong with working until you die? Not doing anything is boring.
@@Gnnesh Maybe some of us just want to enjoy our life rather than 'working' for some elite. The word 'indoctrinated' comes to mind
@@Gnnesh many things exist in life besides working
I'm falling over 4 business now...
I hope my 5th business will be well for few years from now.
Hope People who struggling like me .. May We achive success over the next two years from now :)
I wish you success in your next venture!
@@NUCLEARARMAMENT thanks mate :)
Presenter Forth if you don’t mind telling, what kind of businesses did you run?
@@graysonscott1358 Network Marketing Telecommunication
Life's not a 100 yard dash, life is a marathon..I'm quite sure I'll be working until I'm in my 90s because I love what I do..
There is so much pressure to find ways of income online nowadays but it's always harder than it looks. Its easy to say after you've been successful at it for a while but I have no idea
It's a race when you consider it to be. Don't let this world decide for you. No one's ever happy and satisfied with their lot in life because they always want more just for the sake of it. The world depends on you being this way, and It's very easy to get sucked into the rat race. But, as long as you know what you want and are clear on that, you'll never have to worry.
For me, peace of mind is very important. The most important thing in my life. There are other pulls like ambition(career), a desire to belong(family & friends) etc. But most of them disrupt my sense of peace and I try to make sure that doesn't happen.
Comfort is the second factor, which leads into peace. Not luxury but comfort. People around me go for big screen TVs, costly mobile phones, crazy house interiors and some really costly cars. I try not to look for all that. I ask myself; 'am I comfortable with what I have now?', 'is it causing any strain or discomfort?'. Most of the time, the answer is 'no'.
If I take my car for example and I feel that it's getting too old and causing discomfort. I ask 'how?'. The answer can be; I hear a lot of noise, or there's way too much shaking, or I visit the repair shop too often. Asking myself for reasons for why I want the change and being clear on whether I am still comfortable or not will decide.
Hope this helps.
Moral of the story :
Don't get married and have children.
Stay single be happy.
The weird thing is wage earner has one awful supervisor or boss while business owner has many fussy customers who become bosses because they have demands. Trying to see whether there are any major differences.
When I was 22 I started learning investing and now at 25 IAM happy that I did so. You do learn a lot. Learn and earn.
So living a life has meant becoming materialistic so that happiness can be found
Yeap thats what it seems. Out ancestors Would laugh at us, how they lived naturally with true purpose
The best both could have done?
Angela: Marry a rich dude, get pregnant, done for life
Steve: Live the life of Angela instead of getting married, marry in ur late 30s
I was involved in a startup a few years ago, never worked so hard, and profits weren't what we expected to be. Not all countries have a market size and VC numbers like the US. I doubt this video can apply outside the US.
Having been raised poor, not having much and constantly wanting things I see it differently... now that I can save and also give myself things I wanted growing up.. I do just that.
And in the end, they die..tough break sport.
Read Rich Dad Poor Dad and then implement Dan Penas method - be ruthless and fearless
Michael Ambrus the funny thing about Robert Kyosaki is that he made most of his money telling you how to make money... and you bought it.
@@tonytocanova amigo he just opened the eyes, you need to buy Penas method
Could you please tell me which software do you use for making these videos?
Great info
I was first introduced to this concept through 'Rich dad Poor dad'.
that book changed my life
same here..
So was I, it's an amazing book!
RDPD change my life
I ain't in no rat race. My aim is to afford the comfort and accommodations I had as a child. Food, shelter, health, security and a hobby.
Me too.
That should be standard but you should aspire to be financially independent.
@@jordanbelfort9992 that's basically what I meant but with bad wording. Thanks. I don't need to keep up or do better than anyone. I just don't wanna have to worry all the time
If you want to change your life, do it incrementally, like Angela. I heard someone say in jest, never change more than 1/8 of your life at a time. Over time, the small changes-- letting go of unnecessary expenses, changing routines, establishing new habits, using time more wisely-- add up. And any change, however seemingly insignificant,can be a catalyst for more change. The big, dramatic changes--quitting, moving to a new area, etc.--sound great, but if you carry your old habits with you, your life is likely to fall into familiar patterns. As a first step, figure out what you need, not what you want, and don't confuse the two. Surprising how few people even take that step. Finally, keep a journal. It is the single most powerful discipline I know of.
do you know what really helped me get out of rat race? stop spending for branded food and groceries I didn't neccesarilly need. I was surprised how much I can save and then I invested, every dollar has become my own employee on my balance sheet. How to start? Don't take on any liabilities, no credit, no loans... cut liabilities to a minimum, don't have family and don't make tax and economy slaves for the system, not just yet. Acquire assets, if you only have wage it's wrong. The moment your asset classes exceed liabilities is the moment you have won. Only then you can have family.
It's almost as if not having kids and a wife frees up your life.
Excellent video and explanation
Glad you like it!
This video is a perfect description of what Cal Newport calls the "passion hypothesis" in his great book: "so good they can't ignore you". He argues that work you love doesn't come from following a pre-existing passion like painting, but instead from focusing on a "craftsman mindset" - that is to say on building a skill that is rare and valuable in the marketplace in order to exchange that for a job which has the following attributes:
creativity - you have to be able to choose your unique approach to a problem.; control - you have to have control over when you do something and how you do it; relatedness - you have to like the people you work with.
These factors far outweigh the impact of a preexisting passion when it comes to finding work you love. It also is a more realistic approach that everyone can follow, because it is common sense that not everyone can be a painter. Who would be fixing your toilet, next time you need a plumber?
This video has a serious survivorship bias: she made it as a designer, therefore you can make it. It fails to look at the countless examples of people who courageously made a shift towards what they were "passionate about" and fell flat on their faces.
Don't follow this advice. It won't lead to a better life for you.