Review: What every youth should know
How can middle class people become rich? Most of the richest people in the world came from working and middle-class backgrounds. Only in some places where inherited wealth dominated, like some parts of Europe, is it 50%-50%. If you mean is it possible to get rich, or wealthy, on a middle-class income, then the simple answer is yes. This man was a UPS driver for years. He made a maximum of $14,000-$15,000 a year: Theodore Johnson died with $70million, after a friend told him about investing, which is why he got into it. Yes, you read that right. $70million. Now sure, when he started investing, 14k-15k a year was worth 50k-75k in today’s standards. Yet it still wasn’t a huge salary. So, how did he manage it? Well, he invested very smart, long-term. He wanted to make a difference when he died, so he gave it to charity. He isn’t alone. This man was a janitor called Ronald Read who accumulated $8million: This lady was a secretary and accumulated $6m-$8m: You might think these are one-...