Jun 2, 2014

Rat Race: Are you in middle class?

There are many factors that can define the middle class of a society, such as money, education, professional or employment status, home ownership, or culture. By all means, MONEY is the primary factor!

How much you earn, how much you have in the bank or under your bed determine your social class. It's sad, but it's true. We all try to deny this reality.

Good news. Various statistics support the notion that the middle class is shrinking. Portions of both Upper class and lower class are growing; the middle class is shrinking. The bell shape is going to be upside down. Now, the question is whether you will climb up to upper class or fall down to the lower class.

What could we do to climb up? Earn and save! Earn more; improve and broaden our skills (Money may have a chance of being stolen but not knowledge); Save more (Spend more than what you earn is the dead trap).

Of course, this is only the first step. This helps us to build up our reserve so that we can do much more than our 8-5 7/24 jobs. Next step, we will need to learn how to use money to make money.

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