Some people might think that leaving the rat race is easy, however, sometimes is hard to escape the routines and get into the unknown. Today we will explain what is the meaning of the famous phrase and we will give you some tips for answering the question of how to leave the rat race.
What does rat race mean?
The rat race can be defined as an exhausting routine of trading your time for money for your entire working life. The phrase evokes an image of rats running on a wheel which means working hard every day but never getting anywhere. In terms of leaving the rat race, it can mean working a job that is really fulfilling even if pays less money than the one we used to do before, or working somewhere that it doesn’t take you as many hours but it lets you live peacefully and without stress.
Reasons why everyone want to leave the rat race?
There are many reasons why people decide to leave the rat race and change their life to become better people or feel better on the day today. These are some of the reasons why:
- Your salary doesn’t pays your expenses and you always struggle to end up the month with some extra money or being able to save.
- If we do the maths, the day has 24 hours, 8h we should be sleeping, another 8h working plus the hours we spend on public transport traveling to work, making food, doing laundry…then we just realise that we end up having a couple of hours to cover our hobbies.
- Having a boss that doesn’t value your work and discriminates you can make you feel very week and affect to your personal life.
- Your corporate environment is toxic
Whatever reason applies to you, there are many others but these are the most common ones and the ones that make us feel burned out.
How to leave the rat race (And never get back in)
To help you get started with leaving the rat race, here is a general path you can use that will help you to get out and take back control of your life.
1. Write down your goals and interests in life
One of the most important things is to know why do you want to escape the rat race and live differently. Writing a list of your goals in life and also your hobbies and interests can help you find out what is fulfilling for you and what kind of job can you take that can make that difference.
2. Cut your expenses
One thing that really helps about cutting your expenses is tracking them, this will give you the knowledge to change and cut the expenses you think are less useful, like that gym membership, or the takeaways… If you bury yourself in debt with silly stuff that you don’t need then you will never be able to escape the rat race. Focus on buying the essentials and look at reducing your expenses.
3. Invest your savings
That cash that you have saved is sitting in a bank account and it is actually losing value. Investing the money you save is indispensable. Even if you think there is a risk, the benefits of investing in stock or crypto are endless. If you don’t know where to start, this website has many different tricks for investing in crypto and different ways to create an account.
4.Choose a place with lower cost of living
If you wan to leave the rat race, Choosing a place with a low cost of living can definitely change your life. Sometimes we tend to think about the house of our dreams but that’s just not affordable and doesn’t matter to have such a big house if you can’t live peaceful without having to worry about the bills. Once you have enough money saved and invested then you might be able to move into a bigger house or someplace you fancy.
5. Make a retirement plan
At what age would you like to retire? Unfortunately, the days when workers could count on an employee pension plan and Social Security to cover their costs are gone. Today, pensions are a rarity and Social Security isn’t a slam-dunk for future generations. That’s why you should have a retirement plan to be able to survive with your savings and what you have created.
Some people might think that leaving the rat race is easy, however, sometimes is hard to escape the routines and get into the unknown. Today we will explain what is the meaning of the famous phrase and we will give you some tips for answering the question of how to leave the rat race.
6. Find the job you love
Leaving the rat race can be as simple as quitting your job and finding another one that makes you fulfilled and happy. Think about working online and having your own timetable and location where you want to work from, maybe offering you some time and location flexibility, do you think you’d feel a little less like a rat? Fiverr is the perfect app for freelancers that want to be digital nomads and work anywhere they want to. We highly recommend it!
The value of your time
At some level, we all have an internal gauge for how much our time is worth. Leaving the rat race isn’t easy, and most of life is lived in the grey zone of the time-value spectrum… we should definitely think about the value of our time as life goes away and we don’t wanna spend it working on something we don’t like or being someone we don’t want to be. People who spend their time doing more profitable work make more money. So think about it and calculate the time you need to have in your life to be able to live the life you want to.
So we hope we helped with this article and hopefully by following the steps in this article, you will be able to leave the rat race to become more financially independent. If you want to know some ways to earn money online, don’t miss this article!
