What is the rat race?

The rat race is a metaphor in finance that illustrates the pointless pursuit to achieve some degree of financial independence, like rats in a maze that never quite make it to the cheese. Popularized by Robert Kiyosaki with his board game Cashflow and his many books, the concept became a concrete way to showcase how we can be financially trapped as the obligations in life keep exceeding what we earn, despite our persistent hard work. Read more!