Or:
1. Study whatever you like, or don't, but definitely spend some time LEARNING something. <-- this shouldn't ever stop, actually
2. Find a product or service related to your interests that the public want. <-- hardest part of this process, I reckon
3. Start your own business selling that product or service.
4.


<-- find and hire people who can do the parts of running a business that you suck at...
5. PROFIT!! <-- keep in mind that your business exists to provide the product / service, not just to make money, but it needs to be profitable in order to continue providing the service / product. And of course you need to be able to eat...
If these is all like too much work, then you can of course do the default thing like in the OP and join the rat race, with some corporation getting the benefits of your efforts and paying you some small percentage of it.
Also, owning
always makes more financial sense than renting a place
of the same size. If you factor in convenience, however, renting can make sense in some situations (such as temporary accomodation), but IMO, most of the time it's still better to own. It's also hard work to own a place, keeping it clean, maintaining everything that needs it, managing bills, etc. However, loan payments (if you're decreasing capital, not just covering interest) are an investment, essentially paying money to yourself instead of your landlord. If you can't pay more than the interest, then you've bought a place that's too advanced for your current station in life and should have bought something smaller / in a different part of town and you certainly wouldn't be able to pay rent on the same kind of place.
Well.... that's how I feel at least..