Welcome to the Industry Insider! In this week’s episode, we discuss how the middle class is like a sinking ship. How do you avoid going down with it?

People like our grandparents could live on one income and retire easily. But today, it’s different. We live in a world that makes us want to buy, buy, buy. Incomes are going down, debt is going up, and cost of living is skyrocketing in many places around the world. Why have things changed so drastically, and what can we do to avoid becoming a victim of a poor financial situation?

Back in 1965, the CEO earned about 25x what the average employee earned. Now, the average CEO earns about 275x more than the average worker is making. If you’re an employee, this is what you’re dealing with, and it probably isn’t going to get any better.

If you’re tuning in, you’re probably an entrepreneurial person who wants to experience real wealth without having to live like a miser.

Rachel used to be a part of the corporate world, but she had a feeling she wasn’t going to become a CEO. Instead of trying to be the one person climbing to the top of the corporate ladder, she realized that she needed to become a business owner. Her first foray into business ownership was in multi-level marketing, but unfortunately, it didn’t pan out. However, it helped her develop skills and thick skin to propel her into the next level of her career.

If you’re not willing to bet on yourself, then why should anybody else? You’re either investing in yourself or investing in a business. If you invest in a business, that is going to just keep paying! You can do that same thing whether you’re investing in a business or just simply investing in the market.

• Learn how to become a better communicator
• Learn how to sell and market
• Get valuable tips from people who’ve been there and done that

There are so many people out in the world making the big money. They’re doing it in a wide variety of ways, and there are so many ways to exit the sinking ship of the middle class. Join the wealth class instead of sinking with the ship of the middle class.

The bottom line? To be successful, change what you spend your money on. Instead of spending it on trinkets and cars and other fun things, you need to invest some money into something that can actually improve your earning potential, whether that’s by starting a business, educating yourself, or doing something else that will set you up for incredible success in the future.

Get out of the middle-class mentality with Born to Prosper!

Highlights from This Episode

• Why we live in one of the most amazing times ever. 6:2
• If you don’t have this, you don’t really have a business. 13:00
• What do you use your debt/credit for? Something that improves your ability to earn money? 14:00
• Change what you spend your money on. 28:50

View the entire episode here.