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Episode 2765:
Jacob Lund Fisker addresses the vanishing middle class, emphasizing personal financial responsibility. He argues that the middle class suffers due to poor choices in spending versus saving, highlighting that those who adopt a saver/producer mindset thrive even in tough economic times. Fisker underscores the importance of financial education and prudent resource management to prevent future economic hardships.
Read along with the original article(s) here: http://earlyretirementextreme.com/the-disapperance-of-the-middle-class.html
Quotes to ponder:
"The middle class needs to start by taking a very serious look at itself, because all the problems that the middle class is undergoing could have been prevented by making different choices."
"It’s curious to me how people don’t want to ‘sacrifice’ yet are perfectly happy to ‘struggle’. My goal is tranquility. Not instant gratification."
"We have a long way to go, but until we actually go, this problem will keep repeating itself over and over getting increasingly worse as long as people are blaming everyone but themselves."
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