Designed Recession 2008,
Still a good message for 2009 Great Depression Parallel.
| maintain_the_middle_class_room.doc |
Welcome to Our Middle Class Room.
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Love and Divinity In Motion, LDM Org.
Copyright 2008: All Rights Reserved to L.D.M
Dr Leslie M Moore, President of L.D.M
Maintain the Middle Class, Review Information List
Human Resource Room For New Trainees and Employees; All levels.
1. The middle class are those who earn estimate of $25,000 to $85,000 a year. Those in the fast food restaurant business, without high promotion, raises, or second income will fall under $12,000 to $20,000.
2. We can fall into one, two, to three categories of income. The Working Income individuals will suffer the most in our current middle class economy; others are a matter of choice, planning, and looking after your generations to be. Let’s review the levels of income; this will help all of our staff, readers, show listeners, and web students.
a. There is Working Class Income (your Business earnings and Employment Paychecks. A combination of lower, working, and middle class. The issue is adding other incomes but is secure.)
b. College Student Income (your financial aid from loans, grants, or scholarships. Also students will work part or full time to balance the college income with working class naturally. A few in the average group will have inheritance income monthly, seasonal, or yearly from their family accounts. After Graduation is where the real world begins, most are not truly prepared.)
c. Investment Income (revenue on long term investments and retirement. Those that are conservative or business trained in saving will in up in this income naturally by default.),
d. Inheritance Income (Generation earned income passed on to the existing family, the children, and/or grandchildren for adulthood and college funding. This is not all glamour and glitter; usually the income runs out before the great grandchildren depending on the money management of immediate or existing family. Future generations must be trained well.),
e. Royalty Earned Income (Income from Your Freelance work, Writers, Authors, and Publisher Projects, Musicians and Entertainers, Actors and Actresses, Your Real Estates, Long term business ventures, and long standing Assets. A spiral from Working Income but made easier and raises your reputation.
f. Celebrity Earned Income (A combination of Royalty, and Work Income this also leads to Inheritance Income for other generations. Some will have investment income through their business ventures, this falls also under Royalty Revenues. Truly a combination for the Rich & Luxury Living Status. Count every gift, skill, and talent as your income potential. You never know where it can lead you.)
3. The more home luxuries a family or household has they will still consider themselves middle class until the debts are collecting and home forecloses. The status can shift downward; if money is not managed very well during each transition cycle a family goes through in; starting a new family, any private schooling, new college tuitions, sponsoring grandchildren, and of course retirement to name a few.
4. America fears the middle class will be in trouble; as a lot of Baby Boomers are retiring and the 2008 Baby Boomers are still in diapers at this point. The generations that are in between must take over and fund the second round of baby boomers in diapers and preschool; publicly announced this past summer. A new era has officially begun.
5. Some are now estimating in 2008, the future of America’s economy will not include a middle class at all, but have two classes; the working poor and the upper wealthy class. A Weird thing to imagine.
6. To survive this time of growing hardship we must begin to help ourselves by during the following:
a. Always read, study, and research how to manage your finances at any level, this includes college graduates to new retirees.
b. Exit the denial stage, to the realization of ‘needing help.’ Review your monthly finances and take advantage of those executive business planners with the deluxe tabs or affordable computer software for money management. We have so many tools at our access, however; no real desire to use them all by natural habit or default. We have to be open to more suggestions.
c. Consider long term investments for your family, children, or retirement. A simple CD or Money Market Account can go a long way. Do your research; do not leave your money in a bank institution that irritates you with every member fees, account fees, deposit issues, checking account and banking policies. Start with a bank you know well and are comfortable with on the regular basis. Whatever annoys you now, with simple checking or savings error can be worse if you are investing your hard earned thousands of dollars into their other accounts. As you manage your money and advance in your class status, your bank can be your worse nightmare, if you have the wrong one. Shop around and keep more than one. You will always have a favorite; use your favorite(s) for investments.
d. Remain positive, optimistic, and bright about your present and future. Always detox yourself and immediate family of negative conversations and too much pessimistic news or dark media entertainment. Create a positive balance, where you are up to date, however; not obsessed or addicted to all day news.
e. Always look after your health and wellness. Look into ways of managing your mind, body, and spirit. The Field and practice of Complementary and Alternative Medicine has tripled the past eight years alone. Holistic methods like Yoga, Meditation, Acupuncture, and Naturopathic remedies have increased in Upper Middle Class to Wealthy American Households. For all levels and economy classes; the more we heal ourselves, the better. This also affects our wealth status and daily lifestyles.