What separates the wealthy elite from everyone else? Del Walmsley dissects a fascinating article from a CPA that breaks down the six distinct levels of wealth in America, from poverty to the elite 1%. But this isn't just about numbers—it's about the completely different mindsets and strategies that define each level.

Del reveals the median net worth and income for each level, but more importantly, he explains the psychological shifts required to move up. Having personally climbed from the bottom to the top 1%, Del shares the critical moment when he realized that wealth isn't about earning more money—it's about owning assets that work for you. He exposes why most people get trapped at their current level and the specific actions needed to break through to the next tier.

The exact net worth and income ranges for all 6 wealth levels (and which one you're in)

Why the "comfort trap" keeps people stuck at their current level indefinitely

The fundamental shift from earning income to owning income-producing assets that separates the wealthy from everyone else

02:15 The 6 Levels of Wealth: Complete Breakdown from Poverty to Elite

05:30 Level 1 - Poverty: $14K Net Worth, $21K Income, Living on Assistance

08:45 Level 2 - Low Middle Class: $71K Net Worth, $44.5K Income, Blue Collar Workers

12:20 The Job Trap: Why Having a Job Keeps You in Levels 1-4

17:35 Level 3 - Middle Class: $159K Net Worth, $71K Income, The American Dream

22:10 Level 4 - Upper Middle Class: $307K Net Worth, $115K Income, Doctors and Lawyers

26:45 Level 5 - Upper Class: $3.8M Net Worth, $189K Income, Business Owners

30:15 Level 6 - Elite Wealthy: The 1% Who Own Everything and Work for Nothing

32:40 The Comfort Trap: Why People Get Stuck at Each Level

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About The Del Walmsley Radio Show: Retiring America, one person at a time with unconventional wisdom and real estate investing strategies that work.

The information and opinions on the Del Walmsley Radio Show are for entertainment purposes only and do not constitute investment advice. Please consult a professional regarding your personal investment needs.