Doug and Amberly explore the intriguing reasons why many millionaires consider themselves middle class. They discuss the technical definitions of financial classes vs. the challenging societal definitions of these same classes, how both of these relate to their own views, and the psychology of wealth & self-perception among financially successful individuals.
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
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0:00 Introduction
3:26 Millionaire net worth profiles
7:54 Interpreting survey results
13:41 Defining classes by income
24:07 Defining classes by net worth
30:27 The shrinking middle class
37:40 Why millionaires feel middle class
46:50 Millionaires’ mindset & class identity
55:53 Comparison is the thief of joy
1:01:22 Rich or wealthy
1:07:45 Amberly’s podcast, “Jump In Feet First”
1:16:06 Soundcheck – Catching up
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