21 Ways to Escape the Rat Race Faster

Here are 21 ways to compress the distance from where you are now to financial freedom:

1. Earn more, and save more.
2. Spend less – thus reducing the amount of passive income you need to become financially free.
3. Leverage other people’s time, other people’s knowledge, other people’s relationships, other people’s money, other people’s deal flow.
4. Use leverage to create positive arbitrage.
5. Start a business in parallel to your W-2 job so you can earn – spend – tax,  rather than the job trap of earn – tax – spend.
6. Be a market cycle investor – buy in a Buyer’s market, and sell in a Seller’s market.
7. Be a lifelong learner.  The more you learn, the more you earn.
8. Include your spouse in your financial education and goal setting and dream building.
9. Work with a financial mentor who is financially free.
10. Invest and work for what the investment and the job will teach you.
11. Invest in relationships.
12. Getting rich slow is better than trying to get rich quick and never getting there.
13. Embrace failure as an opportunity to grow.
14. Write down your long-term goals and your daily to-do lists.
15. Write down your compelling “Why”.
16. Schedule your day and your life – live life by design.
17. Use your time in your vehicle for studying audio programs.
18. Protect yourself from negative people and negative environments.
19. There will never be a perfect time to launch.  Take action then make course corrections as you go.
20. Get around people who think radically different than you – spending time with “like minded” people is a recipe for producing results you already have – you will become the sum of the people you associate with.
21. Lower your income tax burden using IRAs, 1031 exchanges, and long-term capital gains rather than ordinary income, HSAs, and S-corporation tax status to lower your self-employment status.