Quit your job and escape the rat race, 5 methods of making money!
“Working 9 to 5, it’s a way to make a living”, Dolly Parton sang these words and are true - but is it the ONLY way to make a living. What would you do if you had passive income to support you - would you still be doing the job you are doing? Or would you be out with the family, travelling or buy that new house you dream of? Life is for living, so why not give it ago! What would you do if someone gave you 5 starting points to achieve this - would you consider aiming to live your life?
5 options to mull over and weigh up which will be your vehicle out of the rat race:
PROPERTY - It is important here to do the research. As the media portrays, they believe it is not a good time to invest. I say, why not - prices are down and, like after every economy crash, the prices go back up and higher than before. To ensure you make the right decisions for you though - it is good idea to talk to property investors, real estate agents and research. A fantastic book on it is “0 to 150 properties in 3.5 years” by Steve McKnight. It shows you many different ways to invest in property, in an easy to read format.
STOCKS - Again, I hear another moan of resistance. This is where I will simply say - read the article (”Buy American, I am” New York Times) by Warren Buffet the man who has made the most in the world off stocks. He basically says right now he is buying stocks. He has survived two other stock market crashes and has done the same in each one, why do you think he is wealthy? As with property - the biggest thing here is to research, research and do more research.
START YOUR OWN BUSINESS OPPORTUNITY - Everything you see around you - the objects, the businesses and the relationships - began as a thought in someone’s mind. What gem is in your head that could bring you freedom and wealth? The best thing to do is start writing down your ideas, when something sticks -research it’s possibilities, the competition and so on. Ask people for their thoughts and ideas, it will evolve as you evolve. A brilliant book that will make sure you create a business that works for you, rather than you work in the business - “The E-Myth” by Michael Gerber.
FRANCHISES - These are proven systems that make you money. The biggest thing here is you will need to outlay a reasonable amount of money. However as these are proven, it may be easier to get a business loan for a franchise than for an unproven business of your own. Again, find a franchise that aligns with an interest of yours, which has similar values to you and yep, you guessed it, research! If you are looking for less of a risk than building your own business, then this will definitely be something to consider.
BUSINESS FROM HOME - With the internet so readily available anywhere, it is easy for certain business to run from home. If you want to be home for kids, want to be your own boss and earn what you put in, a home based business is one of the best options. There are thousands out there, so it is important to do your research, as the one that looks too good to be true may often be illegal. Find a home based business that interests you, check that it will give you the freedom you are looking for and also the income. A lot of home based businesses are quite cheap to start, so great if you don’t have much to begin with.
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.