2765: The Disappearance of The Middle Class by Jacob Lund Fisker of Early Retirement Extreme on Building Wealth

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 18 June 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2765: Jacob Lund Fisker addresses the vanishing middle class, emphasizing personal financial responsibility. He argues that the middle class suffers due to poor choices in spending versus saving, highlighting that those who adopt a saver/producer mindset thrive even in tough economic times. Fisker underscores the importance of financial education and prudent resource management to prevent future economic hardships. Read along with the original article(s) here: http://earlyretirementextreme.com/the-disapperance-of-the-middle-class.html Quotes to ponder: "The middle class needs to start by taking a very serious look at itself, because all the problems that the middle class is undergoing could have been prevented by making different choices." "It’s curious to me how people don’t want to ‘sacrifice’ yet are perfectly happy to ‘struggle’. My goal is tranquility. Not instant gratification." "We have a long way to go, but until we actually go, this problem will keep repeating itself over and over getting increasingly worse as long as people are blaming everyone but themselves." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:21.8	or lowercase that shopify dot coe
0:24.2	eke slash special offer this is optimal finance daily episode
0:29.2	2765 the disappearance of the middle Class by Jacob Lunfisker of Early Retirement Extreme.com
0:38.0	And I'm your host and personal finance enthusiasts Diana Mariam.
0:42.0	Now let's get right to today's post and start optimizing your life.
0:47.0	The disappearance of the middle class by Jacob Lunfisker of Early Retirement Extreme.com
0:57.4	I was pointed in the general direction of Huffington Post and their posts about the
1:02.2	disappearance of the middle class and what they refer to as
1:05.4	Third World America and what we need to do to save it. As I was reading more and more I
1:11.2	felt more like grabbing someone and shaking them. I mean compelled to write an
1:16.0	answer. Unfortunately I ran out of space on their site so here it goes. I'll tell you
1:22.0	what we need to do.
1:23.7	The middle class needs to start by taking a very serious look at itself,
1:28.0	because all the problems that the middle class is undergoing
	...

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