513: 3 Ways to Get Out of the Rat Race
The Side Hustle Show
Nick Loper
4.7 • 1.6K Ratings
🗓️ 20 June 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | Getting out of the rat race is simple, but not necessarily easy. |
| 0:03.8 | To escape, all you need is monthly income from non-job sources that exceeds your monthly |
| 0:09.0 | expenses. |
| 0:10.0 | Simple, but not always easy. |
| 0:11.8 | I'm Nick Loper and you're listening to the side hustle show where we give you the actionable |
| 0:15.6 | strategies to build extra income streams and improve your financial health. |
| 0:19.7 | In this episode, I'm breaking down the three most common rat race escape routes, including |
| 0:24.1 | at the end, the one that got me out, the pros and cons of each, and how to choose the |
| 0:27.6 | right path for you. |
| 0:28.9 | This was originally recorded for YouTube, which is why you'll hear some occasional sound |
| 0:32.8 | effects. |
| 0:33.8 | And also where the pacing is super tight, we edited it out all the usual pauses for the |
| 0:37.8 | video and just use that audio here. |
| 0:39.9 | So if you prefer the video version, you can find it embedded at side hustle nation dot com |
| 0:44.3 | slash rat dash race along with a full text summary. |
| 0:48.4 | Ready? |
| 0:49.4 | Let's do it. |
| 0:51.4 | Remember, your freedom equation is to have non-job income that exceeds your monthly expenses. |
| 0:57.2 | The three most common ways to generate that are traditional investments, real estate |
| 1:01.1 | and entrepreneurship. |
| 1:02.1 | These are in contrast to, and maybe more realistic than the past, that some people bank |
| 1:06.6 | on like unexpected inheritance, a lonely Nigerian prince, or winning the lottery. |
... |
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