Here are 21 ways to compress the distance from where you are now to financial freedom.  I wrote this list specifically for my new friend Don M. but this is some pretty good timeless advice I’d like to share with you.

1) earn more / save more
2) spend less – thus reducing the amount of passive income you need to become financially free
3) start a business parallel to your W-2 so you can: earn – spend – tax rather than the w-2 trap of earn – tax – spend
4) use leverage to create positive arbitrage
5) leverage other people’s time / other people’s knowledge / other people’s relationships / other people’s money / other people’s deal flow
6) be a market cycle investor – buy in a buyer’s market / sell in a seller’s market
7) lower your income tax burden using IRAs / 1031 exchange / long term capital gains rather than ordinary income / HSAs / s-corp tax status to lower self-employment status
8) Be a lifelong learner – study at
9) work with a financial mentor who is financially free
10) invest and work for what the investment and the job will teach you
11) invest in relationships
12) getting rich slow is better than trying to get rich quick and never getting there
13) there will never be a perfect time to launch – take action then make course corrections as you go
14) embrace failure as an opportunity to grow
15) write down your long term goals and your daily to do lists
16) write down your compelling “why”
17) schedule your day and your life – live life by design
18) use your time in your vehicle for studying audio programs
19) protect yourself from negative people and negative environments
20) include your spouse in your financial education and goal setting and dream building
21) get around people who think radically different than you – spending time with “like minded” people is a recipe for producing results you already have – you will become the sum of the people you associate with



10 Responses to 21 Ways To Get Out of the Rat Race Faster

  1. Thomas says:

    Play the cash flow board game to experience getting out of the rat race.

  2. Chris says:

    Great advice. Better to start before you’re ready than wait until you “feel” that you are (the day won’t come!).

  3. Ali says:

    When investing to get out of the rat race:

    Learn to tell the difference between investing and gambling – cash flow first.

    Know your precise level of risk tolerance and do not self-justify exceptions.

    Always have multiple exit strategy if either of the above conditions should occur.

  4. Patty says:

    Remember, Success is a Journey, Not a Destination.

  5. Carol Martin says:

    Great post indeed !21 ways are really helpful and easy to understand .A big thanks for sharing this with us :)

  6. PART Realty says:

    Anyone wanting to see success with investing could benefit from reading this post. Good advice David.

  7. Jazzy Bricks says:

    The right way to educate your self before investing. Better to start before you’re ready than wait until you “feel” that you are (the day won’t come!).

  8. Very useful and encouraging article; after 5 years working as a real estate photographer and observing agents, I myself have become interested in investing.

  9. Kevin says:

    Thanks for the tips.
    I’m already utilizing some of them.
    Trying to figure out how to implement the rest.

  10. Kevin says:

    22. Brains storm and Research new investment ideas.

Leave a Reply to Chris Cancel reply

Your email address will not be published. Required fields are marked *

Potential investors and other readers are cautioned that this website and its related downloads and videos contain forward looking statements which are predictions only based on current information, assumptions and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by such forward looking statements. Hassle-Free Cashflow Investing does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. The information contained on this website is from sources believed to be reliable, however no representation is made as to the accuracy of any information contained herein including any information regarding any investment strategy, property, or investment opportunity. All investors are expected to conduct their own independent research to determine the accuracy of any statements made. All investments contain the risk of loss and investors are encouraged to consult with their personal legal, tax and investment advisors prior to investing. Neither Hassle-Free Cashflow Investing, its representatives, officers, or employees provide tax, legal or investment advice. Nothing on this website is intended to be or should be construed as such advice. This website is not intended to be a general solicitation or a securities offering of any kind.

Protected by Copyscape Plagiarism Finder