Skip to content

Tengruipharm

Just another WordPress site

  • npressfetimg-17335.png
    10 healthy habits of people who almost never get sick – The Jerusalem Post Healthy habits
  • npressfetimg-29465.png
    Jan 24 | Make Your Own Shampoos & Haircare Class | Upper West … – Patch Haircare
  • The best self-improvement books to boost your personal development in 2023 – Evening Standard Self-development
  • npressfetimg-1265.png
    The White Coat Investor’s Most Controversial Articles Revisited: Looking Back at Our Biggest Fights – The White Coat Investor Personal finances
  • npressfetimg-42491.png
    4 misleading personal finance tips – Big Think Personal finances
  • npressfetimg-30731.png
    Easy ways to make passive income online as a business owner – Business Insider Passive income
  • npressfetimg-11380.png
    2023 fashion trends include oversized clothing and Western twists – Newsday Fashion clothing
  • Beat the heat: 10 tips for keeping cool while protecting your health and budget – The Guardian Budget lifestyle
npressfetimg-572.png

Millennials Need to Move Out of the Middle Class to Be Truly Successful – Entrepreneur

Posted on December 13, 2021 By Financial independence No Comments on Millennials Need to Move Out of the Middle Class to Be Truly Successful – Entrepreneur

Opinions expressed by Entrepreneur contributors are their own.

Over the last couple of years, we’ve been faced with the cold hard truth that middle-class status no longer necessarily equals financial independence. Our parents in that stratum could buy a home, a car, save for our school tuition and have money left over to invest, but exploding tuition, home prices, healthcare expenses, and other costs have put the squeeze on middle-income families. And while their median income may have increased somewhat over the last forty years, their ranks are shrinking: According to a 2020 report by the Pew Research Center, the number of U.S. adults in middle-income households dropped from 61% in 1971 to 51% in 2019. Additionally, most major cities where the majority of middle-class earners reside have been priced out for those earners, so more and more families are forced to buy above their means. 

In short, being middle class is no longer a sufficient goal; it’s time to push past any invisible boundaries that keep us from becoming wealthy. 

Alter your approach to the day job

The 9-to-5 position that paid our grandparents and parents enough money to live in a sizeable home in the suburbs is increasingly unlikely to do that now, even if it includes benefits and a pension. So, think about ways of letting it go. Begin by writing down what you are passionate about, and investigate ways of earning an income doing it. If you love writing, for example, start doing it on the side and focus free time on how to push those earnings further. Soon enough, you may notice that this “side gig” is starting to pay more than your office job, and will then be left with the happy decision of whether to leave it. 

Related: How the 9-to-5 Came to Be and Why It No Longer Makes Sense (Infographic)

Embrace education flexibility

Learning can be truly enjoyable, especially when its focus is on a passion rather than simply being a means to an end. Our parents likely told us that in order to make more money, we needed more schooling, but the empowering reality is that there’s virtually nothing you can absorb in a classroom that you can’t by embracing a hands-on approach. If the goal is financial independence, you can teach yourself just about everything needed from books or audiobooks, through online courses, and/or simply spending free time focusing on what you love to do. Many of the world’s wealthiest people are dropouts who discovered their thunderstrike idea without a graduate degree. 

The hard truth is that — to name but one profession — you can take the LSAT, become a lawyer, and possibly get the respect that comes with it, but your income will still be capped. You’ll also have mass amounts of debt, …….

Source: https://www.entrepreneur.com/article/398787

Financial independence Tags:RSS Feeds

Post navigation

Previous Post: Hansen Museum hosts display of African bead art – Hays Post
Next Post: ‘Don’t expect prices to fall.’ 3 prominent economists and analysts on whether we’re in a housing bubble or not – MarketWatch

Related Posts

  • npressfetimg-1112.png
    Can a salaried person ever be financially independent? Here are three ways to achieve independence – Free Press Journal Financial independence
  • npressfetimg-4151.png
    Grove Point Financial Appoints Mark Weinstein as Vice President of Business Development to Accelerate Growth Momentum – The Bakersfield Californian Financial independence
  • npressfetimg-9776.png
    How To Establish Financial Independence in 2023 – GOBankingRates Financial independence
  • npressfetimg-8797.png
    Not sure if you are saving enough? Follow these basic steps to find out – MintGenie Financial independence
  • npressfetimg-3866.png
    Nebraska’s quandary: Can it force more citizens to work? – WHEC Financial independence
  • npressfetimg-21879.png
    Bitcoin price not more important than financial independence: Trezor CEO – Cointelegraph Financial independence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Archives

  • January 2023
  • December 2022
  • January 2022
  • December 2021

Categories

  • Advertise online
  • Affiliate Marketing
  • Bad habits
  • Budget lifestyle
  • Celebrities
  • Content marketing
  • Cryptocurrency
  • E-commerce
  • Fashion clothing
  • Financial independence
  • Graphic design
  • Haircare
  • Healthy habits
  • Housing market
  • Investments
  • Makeup
  • Motivation
  • Nail stylist
  • Passive income
  • Personal finances
  • Personal style
  • Quit smoking
  • Retire
  • Self-development
  • Stock market
  • Stop drinking
  • Tattoos
  • Time management
  • Watches
  • Youtube Marketing

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Recent Posts

  • How to start a vending-machine business to build passive income – Business Insider
  • What’s Passive Income? It’s Not What Influencers Say It Is. – The New York Times
  • How To Save Your Retirement Plans From Falling Apart – Forbes
  • Extreme Saving Method Speeds Up Early Retirement Option – AARP
  • Goldman Sachs says 4 cities likely to see a 2008-style housing crash: report – The Hill

Recent Comments

    • npressfetimg-3030.png
      Justin & Hayley Bieber Rock The Winter Coats Every Couple Should Own – DMARGE Personal style
    • npressfetimg-16296.png
      Bad habits that Americans have — and have given up – YouGov US Bad habits
    • npressfetimg-3885.png
      Stock market live news updates: Stocks sink after more bad news on the US economy – Yahoo Finance Stock market
    • npressfetimg-14402.png
      Man drank every day, didn’t realize he was alcohol-dependent – Insider Stop drinking
    • npressfetimg-2143.png
      IMF chief economist calls for global policy on cryptocurrency – Cointelegraph Cryptocurrency
    • npressfetimg-35751.png
      Upsize, downsize? Why the Covid property race for space went sour for homebuyers – The Guardian Housing market
    • npressfetimg-9409.png
      Projects and Self-Development Go Hand in Hand – ATD Self-development
    • npressfetimg-12606.png
      This dream cream is the most exciting development in haircare in a decade – The Guardian Haircare

    Copyright © 2023 Tengruipharm.

    Powered by PressBook News WordPress theme