The difference between poor, middle class, and rich people is often how they think about money.
Poor people primarily think about money as something used to pay bills.
Middle class people think about money as something used to pay bills on time, maintain good credit, and afford things they may not fully be able to afford yet.
Rich people think differently. They use debt strategically.
Poor people are often afraid of debt. Middle class people are controlled by debt. Rich people use debt to create wealth and manage taxes legally.
It’s a completely different way of thinking.
Do you know what you would do with your first $1,000 to turn it into $2,000?
Do you know the most common mistakes people make with money?
Do you understand how interest-bearing checking accounts work?
Do you know the difference between a traditional IRA and a Roth IRA?
Most people don’t learn these things. And because of that, they never really build financial independence.
They spend their lives working for someone else’s goals instead of their own.
