@unexpected_ape@thisisnew_me1 Are you getting a 7% raise at a minimum year over year?
If you and your friends are getting a cost of living adjustment of 2-3% year-over-year, you are not getting “richer”.
@jonbrooks Welcome to the k-shaped economy folks.
Study what you can do to improve your life and take action each day.
That’s all any of us in the middle class can do.
@Breaking57 The system needs you broke.
Broke people finance cars.
Broke people carry credit card balances.
Broke people work jobs they hate because they can’t afford to quit.
Save, invest, and build until nobody can tell you what to do.
@JimChuong People see the $100M.
They don’t see the company, the risk, the payroll, the jobs, or the decades it took to build.
This mindset will keep people poor.
@siddharthwv Produce more than you consume.
Provide more value than you take.
This separates the top 10% from the bottom 90%.
In life, the hardest things to do are usually the right things to do.
Most people spend their lives doing the opposite and wonder why they never get ahead.
@b_co_co Work on both.
Increase your income to allow you to invest more, but don’t allow lifestyle creep.
You should always keep your expenses in check no matter how much you make.
You need to work on both like your life depends on it because it does.
@NetworkDirecto1 Welcome to the subscription economy, where everything is rented and nothing is owned.
The payments never stop.
The wealth keeps flowing upward.
Own assets, and put yourself on the receiving end of the cash flow.
@daniel_dinoia The pattern has been the same for 1000’s of years.
You have always had 3 groups of people:
1.) Slaves
2.) Soldiers
3.) Business Owners
Which are you?
@Barchart@LynAldenContact Jobs shipped overseas.
Inflation steals savings.
Ai ramping up.
It’s only going to get worse for the middle class.
Buy assets and stay out of debt.
Debt makes the banks rich and keeps you poor.
@AoverK Probably no better return than investing in yourself.
Invest in yourself and you can increase your income, and purchase more assets.
A lot of people stop investing in themselves and it takes much longer to build wealth.
@StealthQE4 It’s too late to fix as a country.
Jobs were shipped over seas for profits and cheap goods.
Now inflation is killing what’s left of the middle class.
AI will only accelerate the middle class death.
The rich are richer. The poor are poorer.
Which will you be in 10 years?
@calvinfroedge The middle class was hollowed out when manufacturing jobs moved overseas.
Now inflation is eroding what’s left in this K-shaped economy.
The rich get richer. The poor get poorer.
What to do:
Save. Invest. Increase Income.
Only use debt if it’s absolutely necessary.