To get rich: Increase your income, Reduce your expenses, buy assets that produce income, and reduce liabilities, seek strategies for reducing taxes to near zero if possible.
To become middle class: Increase your income, increase your expenses, buy a large house, increase liabilities, and do nothing about keeping your taxes in check.
To be poor: It's sad, but your income is going down due to inflation, your expenses are going to go up, you will have no assets, and your liabilities will increase. Luckily you probably don't have to pay much in taxes.
January 08, 2021 at 01:27AM
