300: Finance Friday: How to Avoid the “Middle Class Trap” When Building Wealth

BiggerPockets Money Podcast · May 13, 2022 · 1m

You’ve heard of middle-class money traps before. Like spending your whole paycheck on rent, not paying yourself first, and the sneaky seduction of obsessive eating out. Today, we’re talking about a far less known type of middle-class trap, the type that keeps your wealth growing but limits the amount of “freedom” you feel in the process. Oftentimes, savers can find themselves in a position with a big cash surplus but hold tight to it to feel “safe” instead of feeling flexible. Today’s guest, April, falls into this category. She’s done a phenomenal job at building a millionaire life, keeping…