PLAY PODCASTS
Millionaires Think They're Middle Class?? - Amberly Grant | MHFI 216

Millionaires Think They're Middle Class?? - Amberly Grant | MHFI 216

Doug and Amberly explore the intriguing reasons why many millionaires consider themselves middle class. They discuss the technical definitions of financial classes vs. the challenging societal definitions of these same classes, how both of these relate to their own views, and the psychology of wealth & self-perception among financially successful individuals. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI) Still confused by all these definitions of middle class? If so, help us fund our own surveys & research by heading over to Buy Me A Coffee Links Doug’s Podcast Accelerator Connect with Amberly: AmberlyGrant.com FinTalks Instagram Facebook “Jump In Feet First” podcast Amberly on CNBC Make It Doug & Amberly discuss “failing” FI on MHFI episode 174 Erin Talks Money YouTube Erin Talks Money, “Reality of the Middle Class Millionaire” Yahoo Finance/Insider Monkey, “15 Reasons Why Millionaires Think They’re Middle Class” “Millionaires Share Practical Financial Tips in New Research from Ameriprise Financial” Doug & Carl discuss feeling wealthy & rich on MHFI episode 203 Thomas Stanley & William Danko, “Millionaire Next Door” Kindle Hardcover Paperback Audiobook Investopedia Definitions: “Middle Class: Definition and Characteristics” “Working Class Explained: Definition, Compensation, Job Examples” “Upper Class: Definition, Salary, Example, and Other Social Classes” United States Census Bureau “Wealth, Asset Ownership, & Debt of Households Detailed Tables: 2021” “Income in the United States: 2022” David Chilton, “The Wealthy Barber” Paperback EconoMe Conference Morgan Housel Ramit Seth...

Mile High FI Podcast

May 21, 20241h 19mExplicit

Audio is streamed directly from the publisher (episodes.castos.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Original episode page

Show Notes

Doug and Amberly explore the intriguing reasons why many millionaires consider themselves middle class.  They discuss the technical definitions of financial classes vs. the challenging societal definitions of these same classes, how both of these relate to their own views, and the psychology of wealth & self-perception among financially successful individuals.

Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

Still confused by all these definitions of middle class?  If so, help us fund our own surveys & research by heading over to Buy Me A Coffee

Links

—

Join the Mile High FI Club – It’s our email list!

Get MHFi Merch – It helps support the show. Get t-shirts & more

**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**

Brought To You By:

The Doug Show, aka Affiliate Marketing & Side Hustles

1500 Days, Carl’s Blog about Early Retirement

Email us here: [email protected] or [email protected]

0:00 Introduction

3:26 Millionaire net worth profiles

7:54 Interpreting survey results

13:41 Defining classes by income

24:07 Defining classes by net worth

30:27 The shrinking middle class

37:40 Why millionaires feel middle class

46:50 Millionaires’ mindset & class identity

55:53 Comparison is the thief of joy

1:01:22 Rich or wealthy

1:07:45 Amberly’s podcast, “Jump In Feet First”

1:16:06 Soundcheck – Catching up

← All episodes of Mile High FI Podcast