3 sad signs that you are middle class and always will be

Dave Ramsey wrote:

wazzzzup wrote:

Regarding 3, how else should I pay for things? Use a debit card where the consequences if the number gets stolen is a lot worse? Checks?

Your debit card has the exact. same. fraud protections as a credit card. Do some research!

By the way, you can check the "credit" button when you do a debit card transaction. Permanently middle class people don't even know this!

1/10. Too obvious, as evidenced by your response that I’m jealous and lower or middle class.

Dave Ramses wrote:

1/10. Too obvious, as evidenced by your response that I’m jealous and lower or middle class.

That's funny, I never said you were poor. You seem to have accidentally admitted that fact yourself.

Right on cue, dropping you to 0.5/10.

Dave Ramses wrote:

Right on cue, dropping you to 0.5/10.

Not sure I understand what you're talking about, but thanks for your input.

1. You were born middle class, live in the US where there is very little upward mobility to get you out of middle class

2. The president signs a tax bill that gives back billions to those already above middle class, assuring that they will control that position

3. You are working class and voted for the people who passed that bill thinking they would help you

L L wrote:

1. You were born middle class, live in the US where there is very little upward mobility to get you out of middle class

2. The president signs a tax bill that gives back billions to those already above middle class, assuring that they will control that position

3. You are working class and voted for the people who passed that bill thinking they would help you

Just the other day I had a plumber on my show who is about to retire with $3.5 million! He has the same opportunity to work and save for retirement as everybody else.

No one is keeping you down except you and your deadbeat attitude.

No one who visits letsrun is wealthy.

You’re middle class if you don’t have a million dollars sitting in your checking account.

Is this person a plumber who worked for a company or an owner of his company?

Did he live a meager middle class life for 45 working years to compile this retirement?

Because that's still living a middle class life and he would likely keep the same lifestyle in retirement - but maybe travel a bit.

The way to get out of middle class isn't saving money.

It's making money.

Maybe he was a working class plumber who borrowed money to get a truck and tools and work for himself.

Then got an SBA loan to get a fleet of trucks and hired out people to do the work for him.

Then turned those earnings into franchising a business where people bought in for his name and paid franchise fees to him.

'Cause that's a way out of middle class, but still takes a while.

What was his method to getting that fairly unimpressive net worth later in life?

It's not even near enough to qualify for estate tax.

L L wrote:

1. You were born middle class, live in the US where there is very little upward mobility to get you out of middle class

2. The president signs a tax bill that gives back billions to those already above middle class, assuring that they will control that position

3. You are working class and voted for the people who passed that bill thinking they would help you

Attitudes like this ensure your middle class destiny. I dare you the next time you want to make a consumer purchase for enjoyment to keep the cash in your pocket and save it.

Your smugness makes it appear that you are looking down at the middle class.

That being middle class is not something to be proud of but to be shameful of.

Millions of people are very happy with their middle class lifestyle.

They have all that they want.

And many have family, friends and loved ones in their life.

And you are saying this on a running site where all you need is some running shoes and workout apparel to get hours of fulfillment every week without amassing a fortune.

Why is it so sad to be middle class, Dave?

maffeboner wrote:

you buy a home on less than 20% down payment

you don't max out your 401K

you have an emergency fund, and think that's all you need

you validate your minimal net worth by your ridiculous obsession with travel

you don't pay for your kids college

your wife is involved in an MLM scam

Wealthy people don't need a 401K. If most of your income comes from your salary you are middle class.

I happen to identify and am proud of my middle class ways. I have assets that clearly put me amongst the more affluent, but i don't want to live that way, and i don't need to. ANd my wife and I earned all of it, not inherited. I could retire, but haven't, live in a much fancier house, but won't, etc., etc. Frankly, it turns me off how some flaunt their wealth.

The size of your bank account doesn't matter unless you are in need, and i do think it behooves us all to help when we can.

Dave Ramsey wrote:

This guy right here... wrote:

is such a cuc&.

Seriously bro, I feel sorry for any cuc& that feels the need to base their self worth off the number of dollars in their bank account, mutual funds, 401k, stocks & bonds. Congrats, you work rigorously (or daddy worked rigorously) to provide you extra zeros to twiddle your thumbs over. The sad fact is you're probably miserable enough to have to come onto a running forum and project your insecurities to the rest of us.

Quit projecting your own value and just live your miserable life.

Extreme jealousy is not healthy my friend.

The only jealously one here is you of my 5k/10k/Half Times bro. Can't hang so you gotta flex somehow.

Dave Ramsey wrote:

1. You have a car payment and think that's normal

2. You live from Thank-God-It's-Friday to Oh-God-It's-Monday

3. You use a credit card to get "points" and "miles" (haha, so cute!)

Any more?

1) I paid off my beautiful car a few months ago and it's got another few years left in it.

2) I go into work 1-2 days a week and never on Mondays or Fridays.

3) No.

Dave Ramsey wrote:

wazzzzup wrote:

Regarding 3, how else should I pay for things? Use a debit card where the consequences if the number gets stolen is a lot worse? Checks?

Your debit card has the exact. same. fraud protections as a credit card. Do some research!

Do debit cards also come with free extended warranties and 90 day purchase protection for the things you purchase with it?

L L wrote:

1. You were born middle class, live in the US where there is very little upward mobility to get you out of middle class

2. The president signs a tax bill that gives back billions to those already above middle class, assuring that they will control that position

3. You are working class and voted for the people who passed that bill thinking they would help you

Yep.

you're giving the guy a bad name, bud

Hopefully the real Dave Ramsey is not such a tool.

1. If I buy a car on payments at 0% interest, I'm earning a return on the unpaid balance equal to the rate of inflation, plus whatever other utility I get out of the money. It could easily be 4-5% or more. Try to think more like a passive investor!

2. Whatever that means. I sold my business, don't work, and don't know what day of the week it is most of the time, so maybe I think that sometimes.

3. I run every possible personal expense possible ($6k to $10k a month) through a Visa card that gives me 1.2% back on Walmart gift cards. I pay off the Visa balance in full every month. The gift cards pay for all our bulk household supplies, cleaners, and paper products, every month, with a little left over for a free bottle of wine sometimes. So all that stuff is free for me, because I use a credit card. I haven't paid any interest or fees on the card, ever.