30 Aug Are You Caught in the Rat Race
Episode #2: Welcome to the She Builds Show, I’m your host, Stefanie Olson. Today, I want to talk about business and entrepreneurship and where that foundation was laid for me. Why did I choose creating my own business and the hard life of an entrepreneur over a cushy day job, a nine to five? I went to school to be a teacher, went all through college, working at all these nasty restaurants. And I had a teaching job for an entire miserable year after I graduated with my credential. So I did work for the man from about age 14 to 23. But when I look back, I don’t think I ever really chose entrepreneurship. There was never a deciding moment. I feel like it just kind of chose me. My father ran his own business, my whole life. So to me, working for yourself was a normal thing in my upbringing. My dad read every investing book you could ever think of and literally made my brother and I play the Rich Dad board game called how to get out of the rat race, which is a game teaching you how to generate cashflow through the yard of investing in real estate, stocks and companies. So the idea that success means that you just simply work until you die or until an employer or government program affords you a standard of living that enables you to make ends meet without further paid work. That wasn’t really the status quo I was taught to achieve. I was taught to swim against the current to create my own path.
Ready to hear more? Let’s go…
• He taught me and to go out into the world and to buy my first flip, scared as hell as I was, what it really comes down to is, I wasn’t going to accept status quo. Are you? Are you in the rat race? Dictionary.com describes the rat race. As an unrelenting and usually competitive activity or routine, especially a pressured urban working life spent trying to get ahead with little time left for leisure. Oh, that sounds exhausting and horrible. I’ve heard that there’s only three ways to get out of the rat race. One, marry someone rich, two, inherit a bunch of money, or three, sell your organs. (03:28)
• You have to start with surrounding yourself with people who you want to be like, you have to think outside the box, you have to level up your thinking. You have to build a foundation of information and knowledge that makes you start to dream. That helps you to plant a seed, but then honey, you have to water it. What is it you want to build? Where do you want to start? No more status quo. I refuse to let life just happen to me. I refuse to live little. I refuse to allow anyone from keeping me from stepping into my destiny, start dreaming of what you’re going to build. For most of us, we’ve been told that working 40 hours a week for the rest of our lives is the only way to make money. We have been sold a pile of goods y’all, a platter of lies. (04:50)
• I didn’t want to just pay my bills the rest of my life. I wanted to leave a legacy. I want to teach my children. My father taught me so I hustled, I read the books. I mean, all the books. I did the research. I read enough information to learn how to buy foreclosed properties at the courthouse. Yes, like they do it on TV. I didn’t go to school for that. I had a regular job. I was working full time, but on my own time. I was going to learn how to get out of that rat race. I learned what the foreclosure process was. I did title research on every property. I figured out what a first deed and a second deed of trust was and how buying a second deed of trust means you’re straight screwed. Don’t do that folks. (05:50)
• I was a credentialed teacher who worked for her father at his accounting firm, but I also was encouraged to find my calling and to never just live and stay stagnant in status quo. And it didn’t come easy, it’s a lot of hard work. Who in your life can you speak your dream to, ask them to support you and keep you accountable? It’s time to get out of the rat race, honey. It’s time to start thinking out of the box, pick up that book, put down that phone, learn something new. Start to build the life you want. (06:43)
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