Definitely doesn’t paint

Definitely doesn’t paint a nice financial and lifestyle picture, huh?

The first step to change is to be aware of the problem. Awareness before change (or

ABC for short) is necessary if you are to make any changes in life to start taking control

of your financial life and then get out of the rat race.

We need the awareness to know what state we are in so we know where we are going.

For starters, indulge me in a quick exercise as we exit this chapter shortly:

Time And Money

There are generally 4 types of people in the world:

(1) No time, and no money.

Most employees fall into the category. You can’t go shopping on a Tuesday

afternoon or fire your boss whenever you like. Most employees can’t even save

money in their pension to last 3 years!

(2) No time, lots of money.

Self-employed, professionals and small business owners are in this category.

They are slightly better off than the employee because they earn more, but they

have to work even harder than employees to keep up with the diminishing profit

margins, competition and servicing their customers.

(3) Got time, no money.

A lot of farmers, villagers, college dropouts or bums have lots of time but no

money. Maybe ignorance is bliss, but without a stable source of income, how

long can you last many days forward?

(4) Got time, and lots of money.