By J. Kevin Johnson
I recently watched Joe Biden's Keynote speech at The World Economic Forum this week and thought that he made some very good and essential points as how to achieve and ensure your status of middle class in a world where it's becoming increasingly harder to do so. In case you haven't realized, or noticed, the middle class has been under attack for a while now, and has been decimated in many areas of the U.S. in such places like Detroit and Flint Michigan. The middle class in these cities as well as others have seen more than their fair share of economic hardship, and it's likely that this won't be changing anytime soon for these communities as well others. Thus, it's important that we learn to broaden our knowledge base as to this matter, adjust, and implement wisdom when it comes to our personal finances and how to maneuver through dangerous financial waters.
Given that we now live in a world where it's becoming increasingly harder to achieve and maintain middle class status, I thought that the former Foreign Relations Committee chairman, Vice President Biden gave an awesome template on how to ensure and achieve middle class status, as well as grow beyond to higher levels.
We're living in a time of great transformation known to those in the know as the Fourth Industrial Revolution. This momentous time of change is creating many victims, decimating the middle class, and making it harder to thrive in many ways. Yet, it's also creating many opportunities, opening once closed doors to avenues of wealth creation, and providing means by which one can elevate him or herself to middle class status and beyond with the employment and insight of an observant and disciplined mindset. Like it or not, change is here and it's up to you to learn how to maneuver through it or get ran over.
Five Steps To Middle Class
The middle class is taking a whooping at the moment and it may get worse, thus it's essential that you learn, understand, and apply tactics and strategies to ensure that you and your family survive and thrive while others may not fare so well. When voices like Vice President Joe Biden speak on matters like these at organizations such as the World Economic Forum, it may be in your interest to at least give an ear to what's being said.
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