58. Mitch & Meg’s Money Musings
The “Middle Class Trap” Fallacy.
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Welcome to EverydayFI, where we explore the lives of everyday people pursuing financial independence. I’m your host, Meghan Combs, and I’m here to show you that you don’t need a million dollar book deal or famous blog to reach FI early. By talking with real humans you’ll see how you can forge your own path to financial freedom, the everyday way.
In today’s episode of Mitch & Meg’s Money Musings we pick apart the supposed “middle class trap” idea touted on the BiggerPockets Money podcast over the past 6+ months. We talk about whether or not this fallacy exists, if it does what’s the “real” trap, and deconstruct the arguments sung by Scott Trench and Mindy Jensen. We also explore the response Brad from ChooseFI gave in his own BiggerPockets Money interview with them, plus our own reactions to the concept. Tune in!
Episode Links:
BiggerPockets Money: How to Avoid (or Escape) the Middle-Class Trap and Retire Early
BiggerPockets Money: The Great FIRE Debate: Is the Middle Class Trap Real? (with Brad Barrett)
ChooseFI: Is the Middle-Class Trap Something to Worry About? | Mindy Jensen
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