10 Ways to Escape the Rat Race Faster With Real Estate Investing

10 Ways to Escape the Rat Race Faster With Real Estate Investing

If you’re like most Americans, you’ve probably dreamed of escaping the rat race nearly as long as you’ve been a part of the workforce…

But if you’re UNlike most Americans, you’re actually determined to make it happen.

passive income

What Does “Escaping the Rat Race” Mean?

My name is Matt Theriault, and I help people achieve their financial independence dreams with real estate investing every day.

I’ve noticed that while everyone talks about “escaping the rat race,” very few people seem to know what that actually entails.

To put it very simply, once your passive income exceeds your monthly expenses, you will have successfully escaped the rat race. You may have also heard of this referred to as “financial freedom.”

The Dangers of Staying in the Rat Race

Escaping the rat race is no easy task… but neither is staying at your current job.

Low wages or high bills may have you worried about your retirement fund—and rightfully so. Millennials aren’t saving as much as the generations before them.

Long hours likely impinge on your family time, particularly as the American work-life balance has suffered in recent years.

Worst of all, you might just flat-out dread your job and the idea of working for the next 30 years (or more), not to mention the constant stressing out over finances.

The Joys of Escape

If you can successfully escape the rat race, your life will be full of options.

When your passive income exceeds your monthly expenses, you’ll be able to go to work each day by choice, rather than necessity—if at all!

You’ll have substantially more time to spend with family and friends, and you’ll enjoy your life now instead of waiting for retirement.

Perhaps best of all, your passive income will work behind the scenes to build up a handsome retirement fund, and your money stresses will become a distant memory.

Escape the Rat Race Faster

10 Ways to Escape the Rat Race Faster With Real Estate Investing

If your escape from the rat race seems too far off to see, don’t worry.

I have 10 tried-and-true ways for you to dramatically speed up your rat race escape and achieve the financial independence you’ve always dreamed of.

#1: Start a Small Business

If you’re serious about escaping the rat race, starting a small business can significantly impact your tax liability. Business owners earn AND spend before they are taxed (as opposed to W2 employees who earn, are taxed, and then spend what is leftover).

That said, of all small business ventures, real estate investing is by far the easiest and least risky way to create STREAMS of income rather than piles of cash. Thus, it is your quickest route to financial independence.

#2: Earn More

Using other people’s money is great (and we’ll get to that in a minute…) but the more money you have of your own, the better. This can be accomplished through promotions at your current job, taking on a second job, or starting a small business on the side.

#3: Save More So You Can Invest More

There’s no point in earning more if you spend it all! Be careful to maintain your standard of living as your income rises so you can direct the excess to your investments. (Plus, if your monthly expenses decrease, you’ll reduce the amount of passive income you need to become financially free.)

#4: Keep Studying

Be a lifelong learner! Never stop studying real estate, reading books, and listening to educational podcasts. The more you learn, the more you earn.

Escape the Rat Race Faster

#5: Include Your Spouse

Try to include your spouse as much as you can in your financial education and goal setting. I can’t tell you how many times I’ve had enthusiastic real estate investing students quit because they couldn’t get their spouses on board. (This is particularly sad when considering these spouses likely would be on board if they fully understood passive income and what it could do for their families.)

#6: Use Leverage

Wherever you find yourself lacking, use leverage. Leverage other people’s money, time, experience, knowledge, relationships, and resources. This is how you can become successful without any starting cash or lucky connections, like I did.

#7: Invest in Relationships

If you know anything about business, I don’t need to explain the importance of relationships and networking to you. There’s likely nothing more powerful in forming your financial future than being intentional about who you spend time with.

#8: Learn From Your Mentors

All of my students will escape the rat race faster than I did. That’s because they have the opportunity to learn from my mistakes. As Warren Buffett said, “It’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.”

#9: Embrace Failure

Even with all the mentors in the world, you’ll experience failure, and that’s okay—as long as you use it as a learning opportunity. Mistakes are just a part of business and the sooner you can embrace this, the better.

#10: Go!

There will never be a perfect time to launch. Take action and then make course corrections as you go. You can’t steer a parked car, after all.

Escape the Rat Race Faster

Financial Independence Awaits

Your goals of escaping the rat race are admirable—yet worth nothing if not acted upon.

Now that you know how to escape the rat race even faster, it’s time to put the pedal to the metal!

If you practice these 10 tips, you’ll find yourself a successful real estate investor, financially free, and prepared to enjoy life years before the average American. Needless to say, it will all be worth it in the end.

Get Started Now

If you feel like you’re everything right but you STILL haven’t landed your first deal (or it’s been months since you got your last one), I have a free real estate investing course for beginners.

You’ll get access to video tutorials walking you through every step of a real estate deal, the resources you need to make it happen (think buyer/seller interview sheets, example property flyers, a formula for writing personal notes, a script for presenting offers, etc.), and direct access to me during our monthly coaching calls.

Plus, I’ll literally PAY YOU to get your first deal!

Go to freerealestateinvestingcourse.com now to get the details and make your pledge!

Matt Theriault

Real estate investor and educator.