Clear Signs You've Escaped The Middle Class (Life Changing)

Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

Nice content! Few years back I was assistant to a wealthy pen artist and within the short period I worked with him I observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.

Feel great to break this cycle. No debt, everything is paid off. No credit card debt, no loans, no mortgages. Money is invested. Any one can accomplish it, must be disciplined and willing to not care what people think.

So I am 54, don't have debt, single, and have a baby nest egg. Not what I really want for sure, but I am moving to Thailand. Plan to live on the beach and have a great time.

Net worth snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

I hit 100k in my stock portfolio in 2023 it felt good

155k in pensions 1.9 million in assets, no debt, kids gon e been retired 17 years. Yep I’ve made it.

I'm 55 .. I'm living 6 pack to 6 pack.

I successfully escaped middle class. Thanks to my government and their tax politics I'm now consider myself poor ....

Damn over 50% of net income on housing cost. Housing is expensive, just moved and we are spending over 2x more income on housing ourselves ☠️

Everyone wants someone else to pay at all times. If you allow others to benefit from your work and money they wil take without thought to your well being whether it is family, spouse, employers....everyone.

We reached $100k at 30. At 45 we are over a million. Income started at $50k in early 2000s, max income was $120k. We are making about $80k a year now. House is also paid off. Just saving, living cheap, investing in retirement

Hooray I’m on the right path! I’ll try to keep it up ty

I disagree with the premise that “if you’re struggling with bills & debt, you’re middle class” …. If you’re struggling with debts & living pay check to pay check you’re not middle class.

Class and money are different, there are many rich and successful who have no class, and some with class who are far from wealthy…

Well, 100k "by when" is the question. If you made it by age 30 and your saving rate is going to increase over the next 30 years, then yea, looking good. I still wouldn't call it "escaped the middle class" good, but at least you're angling for a comfortable future. Making 100k by 30 but still just saving maybe $1500/month probably isn't getting you there over that 30 year period though, especially if you're counting from today with whatever money is going to be worth due to inflation in 30 years. Of course that's to say nothing of people who don't make their first 100k until they're age 50. Unless these people just got a new job that's allowing them to begin socking away epic piles, they better have a healthy pension and/or the plan of not claiming social security until age 70. Death alone will grant many of them the sweet release from work. Escaping the middle class is, at least by my definition, almost impossible, but upper middle class is pretty achievable. To acquire the minimum credentials to be low-wealthy to me, your income must put you in the top tax bracket, while your DTI must be very low. Naturally it doesn't matter how much you make if you spend even more. In 2024 $609,350 is the lowest annual income that could possibly put you into the top tax bracket, so you would either need to have a career that pays you that, or you would need investments 25x that value, so a nest egg of a little over $15 million. Most of us won't get there, but the good news is that upper middle class is very achievable for the vast majority with wise life choices that start early.

I always thought the "middle class" was a larger group than this... I grew up what we would call lower middle class, and most of these aspirations for escaping the middle class were what we would have called upper middle class...

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Patricia Annie Brooks, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.