Apparently MSN thinks that spending all of your income means you’re middle-class. Or at least that is the picture painted in this piece of journalism. My sister sent me that link and she was aghast at the stupidity of the content there. Watch the video, if you can stomach it. There is such a prevalent mindset that ‘having’ is middle-class. Instead lets ditch the class system and go for accountability. Class is about stuff, but we’re not concerned with stuff. If you read various books like “Millionaire Mindset” you’ll see that there are plenty of ‘middle-class’ looking folks who are actually very, very wealthy, they’ve just figured out how to be wealthy by spending less than they make and investing the rest wisely.
Don’t spend as much or more than you make, making more later will just be more to spend. Instead, start early, start often, and start saving. I don’t watch Oprah regularly, but I do remember an interview of her where she said that her dad told her to save half of her income… and she has. And now she’s a multi-billionaire. You don’t get there from spending, you get there from saving. Save the ‘middle class’ by saving, not spending.