Income Levels Revealed: Are You Actually Rich or Poor?

📊 SHOCKING INCOME STATS: Discover where YOU really stand in America's economic ladder! 💰 In this eye-opening breakdown, I reveal the EXACT income thresholds that define each class in 2024 (according to Federal Reserve data) and share specific wealth-building strategies for YOUR income level.

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Disclaimer: This content is for entertainment purposes only. The information provided in this video does not, and is not intended to, constitute legal, tax or financial advice; instead, all information, content, and materials available on this video and on this channel are for general informational purposes only. The presenter is not an attorney, accountant or financial advisor. Viewers of this video should contact their attorney, accountant or financial advisor to obtain advice with respect to any particular legal, tax or financial matter.

#personalfinance #incomeclass #wealthbuilding #financialliteracy #moneymanagement #investingtips #federalreserve #middleclass #financialfreedom

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Credits:

[That_ish_Funny]

Dont forget your dependents. 200k salary hits waaay different if youre a family of 6 vs a single person

[InvestingTheEasyWay]

I prefer to determine wealth upon net worth. It’s not about how much you make but how much you keep.

[Daaannn-gk]

Building wealth requires disciplined habits, such as consistently setting aside funds for reliable investments. Effective financial management is a critical topic that many avoid, often to their detriment down the line. Earning money is one thing—preserving and growing it is another.

[beecampbell]

My husbands pension is $72k annually. We sold our house in the city for $800, 000 and moved to a tiny cabin in the woods. We could’ve kept working but we’re ready to be free and enjoy life. No more alarm clock!

[StarBadger]

This video should be required viewing for all high school students! Excellent job!

[TheRealRedBarron]

Journeyman lineman here making 250-350k a year. Trades schools are great guys!

[miketastic]

I’m 52. I grew up lower to middle class. I got trained in the military. First job out, I made $18 an hour (1998). We struggled. Got into credit card debt. Took us forever to get out. I just kept fighting for better. Paid everything off except our house. 8 years left to go on that. Now, no debt except the house. I got raises but we just kept living the same way while putting back for retirement. Now I max out my 401k, HSA and Roth IRA. We have a little over 7 figures saved. On track for retirement at 60! You can do it! Start early! Get advice from good sources like this young lady.

[saneliswamagagula]

I don’t feel “upper middle” at all. I’m a little shocked by the numbers😂

[terri]

Finally, a comprehensive plan for each income bracket! No vague ideas that tell you norhing, but 3 coherent steps to climb the ladder!! Thank you!!

[sheraldhill]

Financial advisor for the last 20 years and this video is a foundation tool for people who want to know where they are and want to maximize or advance their status. Wonderful job Rashida!

[WealthRulesHQ]

For years, I thought I was doing okay—middle class, stable. But when I had to borrow money just to fix my car last year, it hit me: I wasn’t where I thought I was. I wish someone had told me earlier how important it is to know your real financial standing. This video opened my eyes again. Anyone else been there?

[ScottFreeze-vz]

If you have to work for a living, regardless of income, you're the WORKING CLASS.

[aliciastewart]

Who is this woman!! Protect her at all costs!!!

[TehFlush]

I really really like your approach of one size does not fit all. Genuinely the first time I see someone not just say stop buying junk and pump your 401k more.

Something that I think financial gurus should mention more is the cost of child care. We pay almost as much on child care for our children as we do on our mortgage, just under $3k/month.

[NoModsCoyote]

I went from the upper lower to upper middle 3 years ago. It's been a blessing.

[GaGurrl]

I’m rich in spirit!!! Focus on building your spiritual wealth

[Jredlaf]

I’m in the 1% and I am listening. You never know what you can glean from a different perspective. I like to always keep an open mind. Thanks for the concise message.

[Mycescos]

You are so eloquent and your advice is well thought out. Very informative

[jehan]

Feels so good seeing my progress. From lower to upper within 16 years 🙏🏼

[Myskeeter]

I'm retired. I'm 74 yrs old. I live on about $1, 000.00 a month. I house share with aquiatances. I have a small dog that's my heart. I do my own cooking from scratch every day. I cut my own hair. I spend time by my open window in my rocking chair with my dog on my lap. I walk around the neighborhood for fun and to visit friends. I'm wearing clothing I've had for 10-12 years. I want and need for very little. My faith carries me throughout this world. I'm considered destitute but I don't feel that way at all. Be content and be happy.