For the first time in eight years, median income actually increased in America by a healthy 5.2% to $56,516 according to the Census Bureau’s annual income and poverty report. We’re just now getting back to 2001 levels, which means the middle class is falling behind the “investor class” given the real estate market in most major cities and the stock market are near record highs.
Your day job income should be only one source of income. You must build multiple income streams if you want to achieve financial independence sooner. Further, you should continuously invest due to inflation.