Escaping the Rat Race: What School Failed to Teach You About Money.

Escaping the rat race isn’t about quitting a 9-5 job. It’s about avoiding the “Money Trap”. A race to the next paycheck, or material possession.

In this video we take a look at what the rat race truly is, ways in which personal finance can help, as well as understanding the relationship between consumption and production. A relationship that can help you save money, but also scale your income.

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The Rat Race seems to be conflated with working a 9-5 job. It’s often used to guilt those who have a disliking towards their jobs into purchasing a course, program, or something of that nature.

A real rat race isn’t about working a 9-5 job, it’s about living on a financial edge. Such that your greater life goals and ambitions are placed in the background as you continue chasing the next paycheck, or material possession.

Our relationship seems with money is often as follows: it enters our life, and it leaves. Sometimes this is expressed as your income and expenses, but I think a better way of framing this is your production vs your consumption.

For most of us, we have an issue with consumption. And when fixing this, it may be best to first draw an awareness to yourself as a consumer. Using a budget and tracking your expense is the best way of starting. A common strategy in personal finance is building an “emergency fund”, a fund that holds 3 – 6 months’ worth of expenses – enough so that if an emergency were to ever occur, you wouldn’t have a problem financially supporting yourself through such an occasion.

Production is then about increasing the amount of value you can bring to a society. In my video the Untold Truth About Money I mentioned that people are paid in proportion to their perceived value in the marketplace, and one of the best ways of increasing your perceived value is by solving a problem in the market, then selling this solution through a business at scale. This is the entrepreneurial route. And whilst most of us will be able to produce value into the market by selling our labour in the form of a 9-5 job, this doesn’t mean our ability to produce stops there.

YouTube channels like Graham Stephan, or Dave Ramsey are great for learning about personal finance, and reducing your expenses. But these people don’t rely on cutting coupons/living frugally to be making millions. They are utilising a means of production at mass scale. Graham Stephan uses YouTube as a vehicle to produce finance videos at mass scale.

Attempt to identify ways in which you can produce value to the market. For example, I utilised my skills in acting, storytelling, video editing, and presenting, to create videos like the one on my channel. I saw YouTube as a vehicle to be able to produce value to the market at scale.

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All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel.

AFFILIATE DISCLOSURE: there may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase 🙂
Don’t worry – I only ever promote things that have genuinely helped me.

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Prologue - 00:00
Part 1: What is Money? - 02:06
Part 2: Production vs Consumption - 4:00
Part 3: The Money Trap - 5:50
Part 4: Production - 11:08
Conclusion/Credits - 15:40

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[NateOBrien]

The quality of your videos are insane. Netflix should start buying your films

[markjones]

Find the book titled Money's Hidden Magic, you'll learn all the money attraction techniques there. Trust me on this.

[MunnaKumar-emdj]

Secret Pathway To Triumph is so unique. I can’t believe I hadn’t heard about it sooner. It’s amazing how life-changing this can be.

[Ziggler-kykv]

It's surprising how under the radar the book Matrix Golden Cashflow Tactics is. If you're curious, It is definitely worth a look.

[jerrybarone]

Simple rule to live by..."Don't spend money you don't have on things you don't need to impress people you don't like"

[RusuSilva]

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

[bobbymainz]

I'm in my 50s and I'm more interested in investments that could set me up for retirement, I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[AskhErBiDoY]

The *difference* between *School* and *Life* is:
*In School, * you're taught a lesson and then given a test.
*In Life, * you're given a test that teaches you a lesson."

[jeanalexandre]

The problem is most people are academically smart and financially illiterate..

[RandyVincent]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

[LeilaniTamara]

Successful people don't become that way overnight, what most people see at a glance wealth, a great career, purpose-is the result of hard work and hustle over time I pray that anyone who reads this will be successful in life.

[SlayNetwork]

People care more about appearing to have money rather than actually having MONEY...so silly...so pathetic....so sad!

[paddygalloway]

I don't think you even realise how good you are bro! Keep going, 500k this year, 2 mill next year.

[esther.]

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

[ThomasHenry]

First money mistake to avoid is feeling the need to solve everything and be there for everyone, you have to invest in yourself before investing in others

[superchargedpetrolhead]

My parents used to always tell me that the goal shouldn't be to look rich but be rich...

[ngalethithien]

" we buy things we don't need with the money we don't have to impress people we don't like" Edward Norton

[CameronFussner]

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

[jesuschrist]

I got a fake trading guru ad at the start of this video. Perfection.