Proverbs 27:23 – “Be thou diligent to know the state of thy flocks, and look well to thy herds”
2022: Income of 100K Is Not Enough
A $100,000 salary has long been the gold standard of success. However, in 2022 having an income of 100K is not enough.
The American dream is dead and 2008 was just the beginning.
Getting an education, landing a good job, and starting a family with a nice house in the suburbs is a thing of the past.
Getting an education, landing a good job, and starting a family, with a nice house in the suburbs is a thing of the past.
America’s middle class is shrinking thanks to an increasing cost of living for everything.
Income increases have not kept up with inflation or the cost of living increase.
The six-figure salary just isn’t what it used to be.
For comparison’s sake, the median house cost $7,354 in 1950 and $11,900 in 1960, according to US Census data.
A college degree use to promise a long, stable career with a steady salary that could help buy or build a house. Not anymore!
Other cost leaving most broke
Other cost such as student loan debt is leaving college graduates broke.
While dentists, doctors, and lawyers make six-figure salaries. Many have student debt that outweighs their income.
Childcare cost is even leaving high earners broke!
The dream continues to remain out of reach: 40% of high earners feel like they’re living paycheck to paycheck.
Life became more expensive after 2008 and now this plandemic!
Nowadays, six-figure earners are left to create a new version of the American Dream.
Conclusion
Make life easy not hard is a motto my mother always said to me! Owning a home is affordable regardless of articles you see out here.
You can actually build a 1000 square foot home for less than $50,000. Yes you can! Here’s how!
People think they have to follow the status quo and this is where they tend to head downhill.
The world economic forum made a article that by 2030, you will own nothing and be happy?!
This saying will not apply to everyone except those who choose to remain under subscriptions!!!
There, I said it. Subscriptions are what keeps most people broke because they will never OWN it.
Stay away from subscriptions, pay cash for everything you buy, pay off your debt and buy only what you need.
DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.
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