Description

The poverty line for a family of three is $20,090 a year. The median household income in America is $53,657. Politicians draw $250,000 as the line between the middle and upper classes. And the true starting point of real wealth remains a cool $1,000,000.

Esquire magazine asked four more or less typical men, each of whom earns one of these incomes, to tell them about the lives they can afford.

Tim and Troy re-enact the interviews and discuss the results…

In This Episode We Look At:

• The benefit of having and maintaining a household budget

• The irony of higher earners who do not despise their income tax rates

• America offers a system that provides equal opportunity, not equal reward

Today's Resources and Links:

• Esquire Article

One Thing You Can Do Today to Improve Your Financial World:

• Take a close look at where every dollar in your household is going. Assign a budget to the controllable expenses.

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.