Death of the Middle Class – My Thoughts

Death of the Middle Class

Fellow 10X’er…

I read an article the other day in Fortune.

The title of the article was “The Death of the Middle Class is Worse than You Think.”  

I’ve been talking about the dying middle class for years – so the article caught my eye.

It said that – in 25 leading countries… 7 out of every 10 households had declining incomes over the last decade.

Let that sink in…

The spending power of 70% of all households actually fell over the previous 10 years.

And if you’re in the 70%, you’re working your tail off… and having to make ends meet with less.

But Here’s the Kicker…

That article was written in 2016!

Do you think things have gotten better or worse for the middle class in America since then?

Here’s a clue…

More than 40% of all the US dollars in circulation has been printed in the last 2 years.

And that’s driving inflation through the roof.

You see it at the gas pumps.  You see it when you buy groceries.

So, if you’re in the middle class…  and even if you got a 5% raise… you’re still worse off than you were before.

There’s a reason inflation is called a silent tax.  This is financial engineering at it’s finest.

And, as for the middle class – put a fork in it – it’s done.

My Thoughts on the Death of the Middle Class

As for me, I say “good riddance” to the middle class.

I’m not saying that to be mean.  I don’t want people to be hurt.

What I’m saying is that anyone who wants to put the work in deserves to be rich.

Not only that – but you have an obligation to be rich.  That’s how you help your family.  That’s how you can afford to give back.  And to help others.  By getting rich yourself so you have these options.

So, how do you get rich?

Well there are lots of ways.

But let me say inflation is only a bad thing if you’re living paycheck to paycheck.

And if you own the right assets, inflation is good.  It can actually increase your passive cash flow.

So, if you’re sitting there in the middle class… and you feel like you’re getting squeezed out… don’t move down – move up!

If you need help, grab my 10X Rule book.  It’ll change your mindset and get you started in the right direction.

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10X, every day.

– Grant

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.