Skip to main content

How to Get Ahead in Life and Exit the “Rat Race”


Rule #5 – Death and Taxes

We’ve all heard the famous quote by Benjamin Franklin, “In this world nothing can be said to be certain except death and taxes,” but what does it really mean? Well, financially speaking, taxes are going to be one of the single largest investments that you have to make. You must understand tax law and plan your finances accordingly or end up in hot water.
Too many people ignore this rule until it’s too late. Don’t fall into this trap. Plan ahead so that you can get ahead. Understand your tax implications, especially if you plan on embarking on new endeavors such as launching your own company, or engaging in some investment. Don’t procrastinate! Plan it out!

Rule #6 – Add Value to the World

To absolutely get ahead in life and exit the rat race you must always be adding value to the world. No matter what it is, wherever you go, whatever you do, however you act, always add value. If you find yourself trying to do the least amount of work for the most amount of pay, you won’t find yourself making very much long-term progress. You’ll be stuck in neutral, spinning your wheels, like a car caught in the sand on a deserted beach.
However, when you add value, and I mean real inherent value, then anything is possible. Focus on giving as much of yourself and your time in exchange for money. If you work a menial job, do it to the absolute best of your abilities. Don’t try to do as little as possible. Work hard, and eventually you’ll get ahead. It won’t happen overnight; it never does.



Comments

Popular posts from this blog

Increase your wealth

The most important thing you'll ever do in your financial life is to decide to truly understand  the various types of investments  and what their potential risks and returns are.  Responsible advisors will make certain that all of their clients thoroughly understand the kinds of investments that are available and that they take part in the development of their own financial plans.  Without a clear-cut investment plan, you will eventually fail financially. According to financial newsletter editor Dick Fabian, "Evidence shows that investors- investors in anything make no money over a ten-year period.   There are several reasons for this tragic statistic, including: 1) Not setting a goal, 2) Chasing after trendy investments; 3) Relying on reports from the financial press; 4) Blindly taking advice from brokers or financial planners; 5) Making emotional mistakes, and so on.... Fortunately, the answers to your financial questions...

Take control of your financial l future...

Today we will learn about Finance  and the keys to building lasting wealth.  Wealth  today, has become a very critical aspect of our lives.Most of the tensions in life, relationship problems and self-esteem problems is because of  lack of wealth.  People don't see  who or what you are, they see  WHAT YOU HAVE.  We are often judged by our economic status.    We fail to remember that  "Money was made for Man, and not Man for Money".   True, wealth is important, but so also are human values. You may have all the wealth in the world but you may be too old to enjoy it, or you may have a  major illness which does not allow you to enjoy your wealth. Then what use is the wealth?  When we are young, our whole life goes by working hard in our jobs to  create wealth. Then after 30 or 40 years are over we find out that the wealth needs to be maintained so we work more hard to keep our wealth and we ...

INVESTING : Can You Borrow Money to Buy Stocks?

  It seems like an obvious move. We’re in a bull market and stocks are soaring. Interest rates are still near historic lows. If you can borrow money at a single-digit annual interest rate, you should be able to earn enough in the market to pay off the loan and earn a substantial profit. But how does that work in practice? Can you borrow money to buy stocks? And more importantly, should you? Let’s take a closer look. Yes, You Can Borrow Money to Buy Stocks The simple answer to the question is yes: you can invest borrowed money in stocks. It’s a risky strategy. It’s also quite popular, especially during bull markets. Some people have used it very effectively and made money. Others have lost, sometimes badly. That’s the simple answer, but how do you go about doing it? The decision to invest with bor rowed money comes down to comparing the cost of borrowing versus the expected investment returns… If the returns exceed the cost, then the transaction makes economic sense. How Can You Inv...