Despite everything society has taught you, don’t fall into the middle class trap.

I know this idea is uncomfortable. It is in opposition to the whole selling point of the middle class concept — comfort.

However, that is how they get you. 

Comfortable, average, and “just getting by” leave you open to risk.

How am I sure this is true? 

In 2008, buying into the middle trap almost cost me everything. In fact, I was under the delusion I was slightly above the middle class. Nevertheless, when the housing market took a hit, my net worth was nearly knocked out. 

This is why you need to say good riddance to this outdated mindset. Here are the facts on why the bourgeoisie is dying and how to get out. 

Settle down for what? 

Recent studies show that 34% of those born into the middle class will fall into the poverty level by the time they are an adult. 

In other words, they have no reserves for an emergency, no retirement fund, and are at the mercy of economic climates. 

Furthermore, the percentage of middle-income households fell from 60% in 1971 to 50% in 2015.

Apart from these alarming statistics, what incentive is the middle class trap really offering you? 

If you’re lucky, two weeks paid vacation a year and a 401k. I would like to believe that isn’t what you dreamed of when you were growing up. 

Within that is how to get out of the rat race. 

Free your mind from the middle class trap and the rest will follow 

Equally important to the why is the how to break out of the middle class trap. 

It begins and ends with you. The first step is refusing to be average or settle when you fall short of goals. Also, it means pushing yourself even further once big goals are met. 

Big think and massive action are the only methods that ensure security for yourself and your family — regardless of what’s going on in the world. 

Overall, as the rich get richer and the poor grow poorer, the people in the middle fall on one end or the other. I encourage you to choose the side of above-average and financial freedom. 

Be Great,

Grant Cardone 

Disclosure: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.

We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.

Previous articleHow to Conduct a GAP Analysis
Next articleWhy It’s Not Always Family First
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.

3 COMMENTS

  1. It’s the best time to make some plans for the future and it’s time to be happy. I have read this post and if I could I wish to suggest you few interesting things or advice. Perhaps you can write next articles referring to this article. I wish to read more things about it!