I'm characterized as "wealthy class" in this video but most definitely feel middle class. I have one modest home and decent cars (two Teslas) and we take one or two nice trips each year but that's it. No super cars and certainly not multiple homes. No debt is nice though.
According to data someone might be rich but there are a few factors to consider when applying that data in reality. 1. If you're including your house in net worth then you're gonna be in the wealthy class (net worth wise) even if you have a modest home, because the real estate situation in the US is crazy right now. 2. Inflation and unstable job market are other factors to consider. AI is seriously affecting the job market. People don't feel secure about their jobs and that's why even they have a decent income they don't feel it's enough. Thanks for reading it 😁
The description of the "wealthy class" is pretty far off. A lifestyle of luxury and "multiple homes" is in no way typical for a group with a median wealth of 885,000 $ but rather of a small sub group of those.
college is a waste of time if you study something that doent increase your income potential(degree in lesbian dance theory for example :D ) or if you go to a college and have to drop out because the course was to difficult for you.
Exactly, high school to job market is foolish. Not following an academic route but getting a gasfitter's commercial ticket is a path to serious coin. Draw your own parallels.
You’re missing going and learning a trade a plumber or a master electrician can make what professionals make in a year well over $100,000 obviously you did not look at that as a possibility so you’re stuck where you are
Middle income does not mean middle class. There used to be an aristocracy that owned everything and 90% of people were working class. Midde quintile wealth does not mean middle class.
Your net worth also depends on where you are relative to retirement. Being young and having $100K is a lot different from being retired with $100K.
Well done. Thank you for sharing such important insights.
Glad you enjoyed it!
I'm characterized as "wealthy class" in this video but most definitely feel middle class. I have one modest home and decent cars (two Teslas) and we take one or two nice trips each year but that's it. No super cars and certainly not multiple homes. No debt is nice though.
According to data someone might be rich but there are a few factors to consider when applying that data in reality.
1. If you're including your house in net worth then you're gonna be in the wealthy class (net worth wise) even if you have a modest home, because the real estate situation in the US is crazy right now.
2. Inflation and unstable job market are other factors to consider. AI is seriously affecting the job market. People don't feel secure about their jobs and that's why even they have a decent income they don't feel it's enough.
Thanks for reading it 😁
The description of the "wealthy class" is pretty far off. A lifestyle of luxury and "multiple homes" is in no way typical for a group with a median wealth of 885,000 $ but rather of a small sub group of those.
college is a waste of time if you study something that doent increase your income potential(degree in lesbian dance theory for example :D ) or if you go to a college and have to drop out because the course was to difficult for you.
Right on point sir..I forgot to clarify that in the video. My bad!!
Exactly, high school to job market is foolish. Not following an academic route but getting a gasfitter's commercial ticket is a path to serious coin. Draw your own parallels.
You’re missing going and learning a trade a plumber or a master electrician can make what professionals make in a year well over $100,000 obviously you did not look at that as a possibility so you’re stuck where you are
Middle income does not mean middle class. There used to be an aristocracy that owned everything and 90% of people were working class. Midde quintile wealth does not mean middle class.
I'm rich!
Congratulations 👏👏... I'm waiting to be 😊