We have done such a poor job in training our young people how to get certified, get good paying jobs, and then become part of the capitalist system with an investment fund, from early on, to put into real estate, into a start-up business, into venture capital, into the stock market.
The money makers that train others onto how to get rich, advise that poor people and middle class people work for others for a wage and never get ahead. I would retort that it is enough to work for those wages but 5 to 10 percent of the wages of the poorest person should be going into a 401K, an investment account, and into savings.
All should work to get out of debt early, and pay cash for their expenses going forward.
If all do this, they will gain some level of prosperity by the age 50, and by 70 most will be upper middle class. Some may get fabulously rich, but all can be prosperout and that is a trickle down story worth celebrating.
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