What is rat race or pay cheque to pay cheque?

This is a classic example that explains the story which I took from the book of Tony Robbins “Money – Master the Game“. It’s about a famous boxer called Lloyd Mayweather. Mayweather’s earlier strategy was – Fight, get money, spend the money, fight again. Sounds silly isn’t it?

My question is, are we doing the same thing?

We do our work/profession, earn the money, spend the money and repeat the process again and again.

This is what is called a rat race or pay cheque to pay cheque.

You may be thinking how do I get out of this process or is it possible to brake this pattern?

The answer is YES.

Yes it’s possible by following few simple things/steps.

When you receive your money invest some part of it. By doing this on a regular basis one can be out of the pattern called rat race.

To start this one thing has to changed from “Income – Expense = Saving“ to “Income – Investment = Expense“

You may be thinking if it is this simple how come everybody don’t do this.

That I will explain in my next session, till then wish you all a happy investing.