Why The Middle Class Is Getting Screwed In 2024

"the cost of living is still growing faster than people's incomes and that is going to continue to happen"

"the cost of living is still growing faster than people's incomes and that is going to continue to happen this has been happening for decades but it really accelerated in these four years"

"the average person's savings did not keep up with inflation even if you kept your money in a high inter savings account for the last four years the high inflation that we saw over the last four years outpaced the average savings rate even in a high savings account over the last 4 years"

"people want to continue living this high and expensive lifestyle even if their incomes are not keeping up"

"if you take a look at the things that gained value in the last few years well that's things like stock values real estate values especially if you're a real estate investor business values business valuations and other assets"

"the financially educated were able to see more gain because now you put put your money into things like stocks or real estate or businesses or other Assets"

"I would prefer you go out and buy a rental property before you go out and buy a home to live in yourself"

"I would prefer you go out and buy a rental property before you go out and buy a home to live in yourself"

"the people that become wealthy are the people that turn their money to own assets"

"this is where I want you to understand your wealth is built here with assets"

"the financially educated were able to see more gain because now you put put your money into things like stocks or real estate or businesses or other Assets"

"you're never going to become rich through your salary alone you're never going to become rich through your savings alone you're going to have to convert these into true assets if you ever want to become wealthy"