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April 28, 2020The Reality of Economic Classes After Covid-19
Most of us are currently stuck indoors, whether it be by choice or by force. After the pandemic is over what happens next will shock you, but it’s real. Most of the people that weren’t prepared for this will still not be prepared when another “world-altering” event rolls around. The people that you believe should stay strong and pull through will lose their grip on life and collapse. Unless you’re not very good at judging the character of others then quite honestly the people that you expect not to do well probably won’t do well. Those you expect to be negative probably will be negative, the attitude of those you expect to be positive will be split into half.
I know this blog might seem a bit harsh, but the Corona Virus has separated the economic classes of our society even more . It has now created even smaller groups . There’s the rich with lots of debt and the wealthy with very little debt or without any debt at all . No longer will they be put into the same category! smh, well at least not until the current pandemic has been almost forgotten.
See an example of real estate what the wealthy with lots of cash would probably own here
Then There is the middle class that is currently defined by income but will soon be defined by assets and net worth. Even if it’s defined as $150,000-$350,000 in net worth, Why? Well because we are now seeing that jobs aren’t that secure because the wealthy that hire the middle class isn’t as strong as they need to be. So the middle class will have to start building assets of their own. They will become more independent. Those that build a wealth of their own will be separated into another type of middle-class group and that’s the group with small assets .
See an example of real estate that the middle with some savings would probably own here
Then there will be the poor, The bible says the poor we will always have with us. The reason for that is, people are very change averse . The reason rags to riches stories exist is that during the transformation of the individual or family there is very little competition. This is the chance of a lifetime , the bible did not say everyone will be poor or has to stay poor, it says the poor we will always have with us. That means if you decide not to be poor there will be very little competition from others trying not to be poor . The shocking element to the poor is that when someone changes the course of their life and that of their of the next generation, everyone is shocked! Moving from poor to middle class isn’t that hard . It takes a bit of saving and frugality and from there the purchase of real estate. The ownership of real estate is the #1 separator of the poor and the middle class . I urge you to Separate yourself! From there you can climb your way into the upper-middle class and then the wealthy , it honesty starts with the purchase of property.
If you want to own real estate that takes you out of poverty and into the middle-class click here
Real Estate is the common denominator amongst the middle class and the wealthy and that’s because of its stability. Now I’m not going to just be real estate bias, You can also go out and create the next Facebook, Google or Apple! If you’re on your way to doing that then this blog is not for you , but if you don’t have those ambitions insight, contact me to own piece of tropical paradise here in the British Virgin Islands and start your journey to the next class .
I am Rico Garcia, a local Broker and RE/MAX Regional owner in the British Virgin Islands. My desire is to help others dominate, not through the means of our forefathers in the developing ages but privately and safely by acquiring property all around the Caribbean. I often help many people start that Journey in the British Virgin Islands.
Click below to see our full range of available property.Email ricogarcia@remax.net or call our offices at 1-284-346-2444 and ask to speak to Rico.
