Rat Race!!!: Vicious Cycle

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Someone commented on my blog about the vicious cycle that we all are entangled in. Yes, I fully agree on this and that is exactly what keeps us in this rat race. We are so tied up with kid’s, families and other liabilities that we just cannot see any exit route to get out of this race.

Having said that, it’s never too late to try. Accepting for a fact that we are here to stay in this vicious cycle for life is giving up on your dreams. It’s like surrendering to the circumstances and yielding to the pressures of running a family.

‘Never give up on your dreams.’

Unless you dream of achieving something big, you will never find a way to get to those dreams.

I started my career on a small note with a meager salary. It’s only with time, experience and changing a few jobs that I reached a considerable position and salary. So the initial years of the career have been just about gathering experience and no savings. However, there are many who start their career on a good remuneration. Most of them who start their careers don’t have much liability of running a family or other such expenses at the beginning of their career.

Such individuals who start good should really look at how they manage their income. Many just lead a carefree life and spend the money without giving much thought. Yes, the bachelor life is to be lived to the fullest, but the sudden increase in their income vis-a- vis the pocket money from their parents, gives them a big sense of ‘Financial Freedom’. Many just misuse this false sense of freedom and spend way beyond what they should be.

Bachelor life if definitely to be enjoyed and what good is life, if you cannot enjoy what you earn. However, it does not really mean that you enjoy everything today. Unless a limit is drawn to how you use your money, the pinch would be felt at a later stage in life. So for those who really start on a good career and remuneration, my advice is invest some amount of the money you earn. When you are 25 and earning around 3000$ or equivalent, the risk factor in investment is quite high, which means that you are somebody who can’t take potential high risk in investment. This risk factor just gets lower with age and by the time you are , you would have accumulated enough liabilities to think twice in investments.

However, for those who are investment savvy and start on a smart note at 25, by the time you reach 35, you would have taken care of the future for sure. This is when the road to ‘Financial Freedom’ would be a cakewalk. This is when families and other responsibilities will not drag you into a vicious cycle and you will be at ease with your finances. By 40, you would probably be looking at planning your retirement. This however, I am assuming that you are consistent with your career growth and parallelly investing and monitoring your finances.

As for those who were not lucky to be starting early like me, as I said, its never too late. It’s about keeping an open mind and trying to bring in some passive income and probably look for multiple incomes.

To achieve all that is said, the most important thing is to have a ‘Dream’, it all begins with that.
Like somebody said

“Dreams are not what you see when you sleep; dreams are what keep you from sleeping.”

Instill that passion in you to ‘Dream’, and make your exit route to “Financial Freedom.”

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