Living a Middle-Class life is the fastest way to get yourself and your family into debt. Don’t worry; I am not judging anyone because I have been there, and done that. A new house, two cars, school expenses, vacations, child care, maintenance, etc., are things that cost a lot of money. Everything costs money. But there is a way to escape this life and become wealthy— and it’s not that difficult. You only have to read books and become financially educated. Yes, that is all.
Once you learn to spend your money on assets, that in turn, produce income for you, then you are on your way to becoming wealthy. We are now 40 years old, debt-free, with a dividend portfolio paying us $500/month. All we have to do is repeat this for the next 40 years. Here is how we did it.
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