There are 3 main practices to use when aiming to exit the rat race as quickly as possible:
Develop avenues of passive income – these include such income streams as dividends from stock or mutual fund investments, royalties, rental income, pension plans & variants, etc. The central idea here is that you do not have to spent energy to realize the income.
Develop strategies to protect asset-base against inflation – the main idea here is to invest in areas were the returns are proven to track
inflation.
Minimize expenses – these include planning to own assets that you use on a daily basis (as opposed to renting them), minimizing subscription style expenses (taxes?) of all kinds, etc.
The next series of articles go into details of each of these areas.
Related Posts:
Develop avenues of passive income – these include such income streams as dividends from stock or mutual fund investments, royalties, rental income, pension plans & variants, etc. The central idea here is that you do not have to spent energy to realize the income.
Develop strategies to protect asset-base against inflation – the main idea here is to invest in areas were the returns are proven to track
inflation.
Minimize expenses – these include planning to own assets that you use on a daily basis (as opposed to renting them), minimizing subscription style expenses (taxes?) of all kinds, etc.
The next series of articles go into details of each of these areas.
Related Posts:
- Exiting the Rat Race - Definition.
- Rat Race Exit Strategies.
- Passive Income - Part 1 - Network Marketing.
- Passive Income - Part 2 - Royalties.
- Passive Income - Part 3 - Rental Income.
- Passive Income - Part 4 - Dividends.
- Passive Income - Part 5 - Pension Plans.
- Passive Income - Part 6 - Employer Plans.
- Strategies to Beat Inflation.
- Strategies to Reduce Expenses.
- Frugal Living - A Definition to go by.
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