Monday, January 5, 2009

Making money to escape the rat race, 5 ways to help quit your job

By Hayley Weatherburn

Are you sick and tired of working the 8-6 hours, never seeing the family and restricted holiday time? Life is meant to be fun - surely making our companies rich while we struggle financially and with family relations. Well here are 5 ways to step you out of the rat race you are in, and get you on your way to living the lifestyle you choose!

5 options to mull over and weigh up which will be your vehicle out of the rat race:

PROPERTY - Yes, I can hear you say - property NOW? In this economy! To be honest, yes property is a great one. Do the research, look in the papers, talk to real estate agents, and your bank. There are many ways of making money in property - a fantastic book to read is "0 to 150 properties in 3.5 years" by Steve McKnight. It shows you many different ways in an easy to read format! Follow this and you will be on your way!

STOCKS - Now don't shake your head at me and think I am completely mad. Before you jump to any conclusions read the article "Buy American, I am" by Warren Buffet. Here is a man who has survived stock crashes previously, and is one of the wealthiest men in the world, from stocks. My suggestion is do the research, if you are passionate about stocks - you will find a way to make money, especially at this time! Speak to others who are making money in stocks at this time - and learn from them.

START YOUR OWN BUSINESS OPPORTUNITY - Everything you see around you - the objects, the businesses and the relationships - began as a thought in someone's mind. What gem is in your head that could bring you freedom and wealth? The best thing to do is start writing down your ideas, when something sticks -research it's possibilities, the competition and so on. Ask people for their thoughts and ideas, it will evolve as you evolve. A brilliant book that will make sure you create a business that works for you, rather than you work in the business - "The E-Myth" by Michael Gerber.

FRANCHISES - A proven money making system - what better way to move forward. Research your franchise of choice, ensure it aligns with your beliefs and values, and most importantly will give you the freedom you are originally leaving the rat race for. Most franchises will need a certain outlay of your own money; however it might be easier to get a business loan for a franchise, than your own business.

BUSINESS BASED FROM HOME OFFICE - A home based business is ideal for the stay at home parent looking to watch their children grow up. With the internet so useful and phone deals quite cheap, you can be at home - yet connected to customers around the globe! Home based businesses are often cheap to start up and can have the potential to make a lot of money. It is important to do your research as there are thousands out there, and some are illegal. Find the one that interests you and most importantly, has the potential to deliver the freedom and income you are looking for.

So, which one? Read each of the titles again. Ask yourself - which one feels right, or sounds good to me? Pick that one to start with. You may find gold the first time, but don't be discouraged if you don't - I definitely didn't and I tried practically all of them before I found my vehicle to freedom. Learn from the mistakes, and reward your successes - enjoy the journey and it won't be long until your lifestyle of choice will be a reality.

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