I was once delivering a live stream to almost twenty thousand people on mistakes I made that cost me millions of dollars when my then 6-year-old daughter Sabrina walked in and asked a question about the middle class. She had heard me say the word “middle class” as I was talking and she interrupted saying that she had no idea what that word even meant. Do you know what the middle class really is? You’ve heard the term probably thousands of times. How would you define the middle class?

By income?

Depending on the size of your household, you could be making anywhere between $40,000 to $100,000 in many areas and be considered right in the middle of the middle class. Different websites will tell you different numbers for what can be defined as the “middle class”, but let’s keep things simple. It’s not rocket science. If you make more than whom you consider poor yet you’re far behind those you consider rich, then you are self-prescribed middle class.

By lifestyle?

Those that have a house are widely considered middle class—ideally with a white picket fence. You are able to take one vacation a year (staying at the Holiday Inn—not the Ritz) and have a car, health insurance, and just enough left over for groceries. In short, you have just enough to be “comfortable”. This may even include providing a college education for the kids and a 401K! Let’s continue to keep this easy—if you don’t live in the ghetto, yet your house sits far from the gates of Beverly Hills, then you likely are middle class.

By how you think?

Not concentrating on what you make, or what you have, the middle class can really be defined as the idea that you only need enough to be “comfortable” or “adequately satisfied”. It’s a state of mind that convinces you to settle instead of strive for abundance. There are millionaires who have been brainwashed into the middle-class way of thinking and goal setting. If you have any thought that getting rich is unnecessary, that you just want to be happy, that money won’t make you happy—then you have a middle-class mindset.   Whether you want to define the middle class by income, lifestyle, or mindset—or all 3—my daughter Sabrina came to me with a better definition. It is easy to remember and captures both income, lifestyle, and mindset together. Sabrina: “Dad, what does middle class mean?”  Me: “It means right in the middle of things. There are people over here that are poor, other people over here that are rich, and then people who are in the middle” Sabrina: “Rich People That Are Poor?” Me: “Yes, exactly right!” What are people in the middle? They aren’t poor poor, but they aren’t rich either. My daughter’s definition of the middle class needs to be in all the textbooks:

The Middle Class: Rich People That Are Poor.

If you’re tired of being middle class, you need to skill up, change the way you think, change your lifestyle and elevate your income. That’s why I hand-picked 23 world class speakers, plus myself, who will be speaking LIVE at the 10X Growth Conference. They will be covering everything from entrepreneurship to business to online marketing to sales funnels to networking marketing and more. The event is SOLD OUT… but, we’ve made it accessible on Livestream. You can watch 1 day, all 3 days, or even grab all 3 days PLUS own the recording for LIFE. Imagine being able to watch the event over and over as many times as you need to consume the material? It’s awesome and worth far more than the price could ever be… really… what’s the price of massive success and hitting and exceeding all of your dreams? Get your 10X Growth Con Livestream access TODAY. Be great, GC
Previous articleBehind the scenes to wholesale real estate
Next articleGet in the Stream
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.