What separates the working class, the middle class and the wealthy? It isn’t simply how much money they earn. It’s what they own, and whether their income depends entirely on their labour.

Working-class households are especially exposed to inflation because most of their income goes toward consumer expenses: groceries, gasoline, vehicles, appliances and housing. Homeownership often becomes the middle class’s first and largest wealth-building asset. A home may consume after-tax income, but it can appreciate, adjust with inflation and provide collateral for future investments.

The wealthy operate differently. They own income-producing assets: real estate, shares and businesses that can eventually function without their daily labour.

In this episode, Terrie compares these three financial structures, explains why owning a job is not the same as owning a business, and shares what she learned from watching her father sell the manufacturing company he spent 40 years building for roughly the same amount as the industrial building that housed it.

Want to talk strategy for your portfolio, business, or next move? Book a free 30-minute strategy session through Equity Builders Club.

https://www.equitybuildersclub.com/book-a-discovery-call

You can also pick up a copy of Mindful Landlord on Amazon.

https://terrieschauer.com/mindful-landlord/

Attend our next Equity Builders Club networking event to get around like-minded investors.

https://www.equitybuildersclub.com/events

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