Is Your FIRE Strategy Wrong? The Middle Class Trap Debate with Brad Barrett
BiggerPockets Money Podcast
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Navigating the Middle Class Trap
This chapter examines the 'middle class trap,' where individuals with a net worth of $1.5 to $2.5 million struggle to attain financial independence because their wealth is largely tied up in non-liquid assets like home equity and rental properties. The discussion highlights misconceptions about net worth versus investable assets, illustrating how asset allocation decisions play a crucial role in the pursuit of genuine financial freedom.
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