Phil Bradley Town, an American investor, motivational speaker, and author of two books on financial investment that were New York Times best-sellers. discusses how people in the middle class often have only $1,000 in savings and piles of debt.
So, if your goal is to break out of the middle class and retire comfortably, here are a few habits — or “traps” — you should avoid:
- Having no emergency funds.
- Not investing enough.
- Having no trust in the stock market
- Not thinking long-term.
Town recommends only buying things when it is absolutely required. Invest everything else.
