Photo by Geoff Brooks on Unsplash

（Guidelines) The Category of Our Social Class

Compare Income, saving, assets, and Debt

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Disclaimer: It is just one explanation to our wealth. It might not be applicable. Please correct me if you feel anything wrong.

1. Poor People = Debt > Saving, Monthly Positive income-Monthly loan repayment ≤ minimum living standard

• In other words, they are house Slaves, or credit card slaves

2. Normal People = Debt ≤ Saving, Monthly Positive Income-Monthly loan repayment ≥ Minimum living standard

• In other words, they might have no houses or assets, no debts, have paid off their assets, have enough amount of saving funds or no money for their retirement, etc

3. Middle Class = Debt < Saving, Monthly Positive Income-Monthly loan repayment > Minimum living standard

• In other words, their savings far exceed their debts. They have few assets in their hands with little debts or no debts. Their…