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Do you know where you Stand Financially?
How To Change Your Financial Future!
There has ALWAYS been a misconception about what "RICH" is. The information below will help you to get a more realistic perspective.
As you read through the different levels, be sure to identify where YOU are at now, and strive to enter the next level UP!
Level 1 - Poverty: (Under $25,000 per year):
- You are flat broke, and probably get a large amount of aid through the government (reduced school lunches, Earned Income Credit, Housing Assistance, etc.).
You may or may not have a job...If you do, it's probably in some type of "service" industry (which usually paysvery low wages).
Level 2: - Working Class: ($25,000 to $50,000 per year):
- You struggle. Period. You have a job, but you have a hard time making ends meet.
Level 3: - Middle: ($50,000 to $100,000/year):
- You are reasonably comfortable, but will still need to budget and spend wisely.
This household income level can also struggle depending on how many children are in the house.
Level 4: Upper Middle: ($100,000 to $150,000/year):
- You are officially comfortable. You are in the top 12% of households in the USA.
You probably live in a decent home, have a couple of decent cars, and may even take one or two decent vacations per year.
Nothing extravagant here, but nice and comfortable.
Level 5: Well Off: ($150,000 to 200,000/year):
- You are in the top 4.2% of ALL households in the USA. You want for nothing.
You have the financial resources to acquire ALL of the comforts in life: Nice home, nice cars, etc.
You can now take two or three nice vacations every year. You are doing VERY well...Let's hope you are saving a big chunk of that income, too!
Level 6: Rich: ($200,000 to $500,000/year):
- You are officially RICH now. Congratulations. It would take severe mismanagement of your money to not have a life free of financial worry.
Level 7: WEALTHY: (Above $500,000/year):
- ONLY 1/10 of 1% of Americans make this amount of money per year.
Even after a 40% tax rate, this would still leave you $25,000 per MONTH to live on.
You're WEALTHY! You can enjoy life like very few can.
Which level/class do YOU fall in? There is an 88% chance that YOU fall in level's 1, 2, or 3.
This is purely statistical probability, as that's where 88% of ALL Americans fall.
Good News: You can move up to the NEXT Income Level from wherever you are, in a few years or in a few months.
However, you must start doing something differently in your life; starting from today
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