How I Escaped The Rat Race
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- Опубліковано 27 лип 2024
- Author of "From Side Hustle To Main Hustle To Millionaire" (Available at B&N, Amazon, Library)
My Book: sidehustlebook.info
Start Investing Today: ryanoscribner.com/start
DISCLAIMER: Ryan Scribner, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Ryan Scribner’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
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I wish they taught us in schools different lifestyles versus just working 40 hours a week to live for the weekends.
I think the point of schools is to groom us to accept 8-5 or 9-5 for 5 days a week (just like school). The vast majority of school is dull, boring, and useless in real life (just like most jobs)
@@walking_introvert Agreed!
Joy Mae - Millennial Money Talk THEY WANT US TO BE SLAVES!
@@walking_introvert exactly
Amen!
I entered the rat race when I graduated at 21. Currently 30, just decided a couple of months ago, to work my ass off to pay off debt, build wealth and retire by 40.
How?
@@annajones9701 Basically: Increasing my income with side hustles, Paying off consumer debt, keeping expenses low, and investing the difference in index funds.
@@inea-fijourney22 good plan but what side hustles?
@@annajones9701 Maybe he means side hustles as part time job 🤔
I'm 16 and this is why i wanna be a digital marketer when I'm older it gives me alot of free time cuz I'll be able to work from home and get into alot of side hustles while at the samd time being able to travel enjoy life at it's fullest
One of the reasons why I like Ryan so much is because not only is he informative, he's also motivational as well. Thanks for hyping me up!
This video is going viral
It hasnt
@@caterinas6863 loool
No it ain’t boi
This year I turned 43, with 22 years in the railroad I've been working for. I started to really feel the job was sucking the life out of me last year, and was stuck paying on bad debt I acquired over the years, as well as a house payment. In 8 years I will have my 30 year pension locked in at 51 years old, and though that's not "early" retirement for some, I haven't seen one coworker do it in the 22 years I've worked for this company. They all talk about it, but all work until they are 60-64 trying to pay off their loans, put their kids through school, and have nice cars. Back in June I sold my house as well as a lot of my things. I paid off all my dumb debts and loans, invested $20k in dividend stocks, and am renting a cheap apartment. If and when this real estate bubble bursts, my plan is to buy a duplex and live in it. I have 8 years to build a dividend income high enough to survive on, while I transition into my own company in my early 50's (safety net). At 60 my dividends will just be travel money, because my railroad pension will be $50k a year. I wish I saw videos like this 10 years ago or I would have got down to business earlier.
51 is an early retirement for sure. Good luck
I actually feel so lucky, that i have kind of experienced "the rat race". During my first internship last year . Now i have learnt plenty of useful skills and i am on my way to be financially independent.
It's so true. I think if you don't experience it then you won't love financial independence as much compared to if you didn't experience it.
It's actually how a lot of people fail because they were either given passive income from a parent who passed away, or simply they were lucky, and they take advantage and lose it all.
100%. Gonna go full self-sustaining, off grid and sell all my belongings.
You think like me ... It's a fast track I'm choosing to live in my car 🚗
So …checking in on you 2 years later…where are you at? I hope it’s going well!
The main thing is to take risks, create more income streams ‼️
I would also included not having children as another step to escape the rat race, Ryan. Having a child or more not only does a number on your money and expenses, but raising a child will also take a lot of time that you could be spending for yourself for life goals and travel.
It's really not that much money if you're not constantly buying brand new clothes, the newest toys everytime they ask, or all the electronics like tablets, phones, consoles, etc
while having kids is an expense you can offset this if you know what your doing. Ryan has a good model for this but think it can be upscaled alot if done right.
This is by far the best video you’ve ever produced
Excellent advice! Last fall I quit a job that I had me stuck in the rat race mentality for almost nine years. I'm getting the heck out of Washington, DC and relocating to South America later where I can have a decent standard of living for a third of what it would cost in the U.S. I'm also planning to use my savings to start a business. When you think independently and got plenty of energy, working a 9 to 5 in a toxic environment is the last thing you need. Life is too short.
Great video Ryan! Being content with what you have is a HUGE part of living a stress-free life
Watched your video today Marko :)
found this video randomly and then happened to see my finance dude left a comment. not coincidence 😂
Right on Ryan. I was able to retire at age 51 after working 30 years for GM. Along the way, I was able to save over $300,000 in my 401k account that was invested in stocks and bonds. I also receive a pension from my former employer as well. You are wise beyond your years and on the road to success. Thank you for the video.
How has your retirement been?
10:42 so basically resumes doesn’t matter, working a job doesn’t matter anymore. Getting out the system and having our investments and assets pay for everything is the true dream!
Another benefit is that you control how much money you make, not you're employer. Trying to get out of the rat race is hard, but you need to put in the work and be consistent about investing to be rewarded later.
I definitely enjoyed the new style and scenery in this video. Great message and I'm hoping to be in your shoes soon too!
Being a software developer, this is essentially what I'm working towards. Looking for a multi-unit house atm -- though there isn't much out there. Hopefully soon enough!
I spent 24 years in the rat race, left 6 months ago. Will have my house paid off within a year. I consistently saved and invested around 30% of my take home pay. Did 401(k) contributions too.
RYAN I will have to admit that this happens to be one of your best videos ever created , I honestly found ENORMOUS VALUE on this video , because you illustrate key components to reaching the life most of us desire , escaping the prison of the rat race , it's always an amazing thing to experience when being out in nature with great weather 👍👍 . I RESONATE & APPRECIATE YOUR VALUE ON THIS VIDEO , keep up the GOOD CONTENT RYAN . PEACE ☮🤝
Love this style of video. Hope you make more like this one. As always, your videos are very informative and motivational. Thank you!
Thanks for the tips here, Ryan. You’ve got an awesome story!
Very inspirational Ryan!! I appreciate your sincerity when sharing your story!! You started making money and early realized time for money can be a brutal approach!!🙌
Solid video! This is gonna go viral for sure.
I agree
That is the goal for all of us. Thanks Ryan.
This is great man!! Congrats on all your success!
This was a great video! Thanks for putting it together!
if i could go back i would have stayed working. invested all money. not went to school and not bought my miata. as much as i love my car it is a huge money sucker especially with modifications. suffer now and live later.
Ryan this was a great video. This message was so inspiring and the background was a nice change. Keep up the good work.
Yours, Jeremy's and Graham's channels are the first channels I watched that really inspired me to leave my job and focus full time on UA-cam! And aside from that, even before I left the 9-5, I've always appreciated the financial education I get from you guys! Much love and gratitude 🙏🔥
Edit: the insight from this video is absolutely on-point! Building towards ocation-independence and time freedom is crucial!
I really liked this style, keep up the great work!
Thanks Ryan! I hope you have a good day!
Wow 4 years already. I remember watching you when you were doing your videos from your garage. Good for you, keep up the good work, or should I say, "passive work".
Brilliant video, so much sense. I made most of those mistakes of which I'm trying to put right since last year. Thanks for your insight ;)
Wonderful video Ryan! Really enjoyed you explaining your journey.
The goal is for all of to be like Remy from Ratatouille
Thanks, Ryan! Unfortunately, neither my parents, nor the educational system have taught me anything like this! But guys like you are doing this for me instead! Since I was 18 and started living away from parents, even though I studied at College, but most of knowledge I got from UA-cam - personal finance, physiology of relationships, economics, etc. Thanks God we have some guys on the Internet to explain us such things!
Good stuff and good for you. Looking forward to being where your at. Hopefully in 9 years.
Been part of the rat race since 17. Now 30 got the big boy job but hate all of the responsibility!
Hi Ryan, I really enjoyed this video. Thank you for making it. - Mike
This video was pretty informative on a practical level. Well done!
Love your channel man, thank you for sharing. 🙏👊
Great vid, really liked the new style
Awesome tips Ryan. Always producing great content.
I am so glad I paid off debt and have an emergency fund.. Hurricane sally does not care about your debt!!
The most important thing is accepting happiness/not wasting money on Anything unnecessary
Great video with a nice quote in the beginning. Mind over matter. Well done!
I loved this video and way u did it n look forward to more of them. Plss dive deeper into the RE and how u went about starting that. So cool !!!! The tax stuff all financial stuff too pls
Great Video, and awesome scenery!
Hi Ryan nice video long time no see,looks like you bulked up quite a bit 👍
I like this style of video. Kind of like a “Proof in the Pudding” type of view.
I’ve been in the race since I was 18 but even before then I had a job while in highschool at 16. I’ll probably be in the rat race well into my 60’s possibly 70’s.
I'm 46, so I'm a bit late finding this type of info although I've always thought working a job was a tragedy. I don't know how old you are but I wouldn't give up just yet if you still have time on your side.
I’m in my 40’s too. Im currently looking and thinking of ideas of a side hustle to where I can eventually grow into a full time hustle. Regardless of what happens I’m keeping myself in the best shape possible so I can continue working into my retirement years.
Enjoyed this. Love seeing a little of your lifestyle in the video
This is beyond true. It was driving me crazy! I've always said how crazy it is to bust my a** for such little money and all just to pay for stupid things you can't take with you when you die. Only thing I hate about this is the house hacking... Now the secret is out 😭
Great video, Ryan!
This video is not meant to be helpful it is just meant to be monetized and make this dude money. He opens the video by saying he quit his job to make money on the internet. So don't be fooled by this "how to video". Its not meant to help you, its just this dude explaining what worked for him. Keep in mind he left a kick ass job so he probably had a good amount saved and probably paid off his car or his house prior to quitting his job.
UA-cam videos wont change your life and neither will youtubers. Only you can decide and change what works best for your life and family.
Gold!🙌🏻 And I LOVED the backdrop in this one. 💚💚 THAT is the life I want. Time freedom to wander in the woods. 😌🥰
You are such a beacon. Thanks for all you do, man!
Searches “How to buy 2-4 unit property with no money”
Im doin the grind man. Your channel and a few others pushed me to start my channel and im eternally grateful for that. Ive planted many seeds these last few years and that has let me be able to stop breaking myself working 70 hours a week and really be able to focus on my family
Hi Ryan, thanks for putting this video together. and subscribed.
Excellent video...keep them coming.
Great video Ryan! Thank you for sharing your tips, this is exactly my goal in life 😎
Sick video Ryan! The key to winning is persistence and patience. If you have those two qualities, nothing can stop you! 🙌
I remember the video where you reviewed your older car....That was a long time ago already. I'm still trying to break my chains, but I feel like I'm gaining traction myself. Thanks for all the great content over the years.
At first I thought I clicked the wrong video. I like the new style video!
Awesome video brother ❤️🔥
Great video dude!!! 1999 Crv!!!! Best car ever!!!! I had a 1997, Great in winter!!! Thanks for sharing, i will escape the rat race too!!!
Thank you Ryan for widening my perspective more. This is why im subscribed to you you're amazing.
Great video and I like the style also.
Great video Ryan. Awesome, b-roll.
Very inspirational video, I love it!
Very motivating video man! 💯
Great video bro!
The best video you ever made
thank you
Great tips bro. High Five 🖐
Where was the video shot New Hampshire?
Quit the rat race permanently in February 2003 and I agree with every single thing you've said. I would however put it slightly differently. My steps would be
1. Minimize expenses to the barest minimum and pay down all debt. Sell EVERYTHING that's costing you ANYTHING to keep. Huge fancy house with huge mortgage included.
2. SAVE, SAVE, SAVE as much as possible to develop a financial nest egg quick.
3. OWN THY HOME free and clear. Even if it means moving to a working class neighborhood where homes are cheap/affordable. I bought my 2br 1ba small home CASH in 2002 and that was the BEST investment I ever made. The joy of having no rent/mortgage to pay for the rest of your life cannot be put in words. Whenever I have moved since, I always bought my next home cash or built cash.
4. SAVE SAVE SAVE some more once you own thy home. INVEST that money in passive income sources.
5. PASSIVE INCOME+OWNING THY HOME = FINANCIAL INDEPENDENCE/TIME FREEDOM
I have never earned more than 25,000 USD in a single year my whole life, yet I have traveled all 7 continents except Antarctica. Not bragging, but just showing the power of the steps above.
Good luck and God bless all
Very funky video, I'm digging it!
When Ryan posts, I smash the like and then watch the video 😎
i love this lifestyle. want get into it soon as possible.
@@TRAVIS-WHITE Thank you Travis.
This is one of the channels that gave me the courage to start my UA-cam channel 5 months ago about self development. Now I have 322 subs and > 100 hours of watch time. I know it’s not comparable with others but I’m still proud I started because I’ve been learning so many lessons that I couldn’t have learned without getting started in the 1st place.
Very amazing, keep it up :)
Only 2 annual weeks of holidays? I get 4 paid weeks
I currently drive a 2010 Honda Accord (which is paid off, and I don't pay a car note.) I also have my iPhone XR paid off. I'm also working on eating more from home and less out. I 'am also working on my budget and invest as much as possible which is $300+ per month & working on raising that number every single month as much as possible. Also add $100 to saving as an emergency fund. I also have a couple of envelopes at home that are label, and I add money to them as much as possible. Than go start my side hustle again from scratch through eBay and Esty. Thank you for this amazing video and helping me to keep on track again, I' am a huge fan of your channel Ryan please keep up the great work.
Excellent video Ryan amen.
Just wondering what common but ornery obstacles you had to overcome if any such as depression, limiting beliefs, self doubt, homelessness etc?
Steps are good when all the variables are in good shape but even taking a step can be challenging if there's ice on the step, a wasp is chasing you before you plant your foot, or the neighbor's kid's baseball smacks you in the eye unexpectedly while you stepping foot is in midair lol.
Thanks, James
Verygood video Ryan.
I really enjoyed this video. The format is way better than the white board from back in the day.
Truly inspirational. One day, I would like to get to this point with my wife... out of the rat race for good.
Great video. I’m looking to get off the plantation.
Great video bro. I always find it hard to balance re-investing in my business or investing into assets. Investing into the business is higher risk but higher reward. Do you have a ratio you recommend?
Great video and loved the advice
This is so inspirational
Thank you for the amazing videos
My husband and I haven’t been part of the rat race in a while. We rather have time to do things.
The quality though!
Hey Ryan, great vid. What do you do for health insurance? That's been the biggest question for me. Getting enough passive incoming or getting to a portfolio goal is doable, but the insurance cost in the US is just crazy. Especially if you have a family.
Thank you Ryan. I'm now following these steps. I'm at step one btw, lol.
1 day after I read "Rich dad and Poor dad - Robert Kiyosaki" this gets reccomended to me...
Google: "wE aRe NoT sPyInG oN yOu"
Welcome to the club!
@@mrsm3442 LOL!!!!Well said :)