Jeremy Phillips

There is a good article over at LivingAlmostLarge entitled “Q&A with Lewis Schiff” about ‘middle class millionaires’. Some statements that popped out at me;

We see the competitive and driven nature of Middle-Class Millionaires emerging clearly in the form of mergers and acquisition (small business activity is way up) and aggressive investment for new opportunities. By contrast, most of the middle-class will tell you they are just keeping their head down and waiting for all of this to blow over.

…

In so many ways, the advice we’ve gotten our whole lives, to avoid failure, to chart a steady path from higher education to entry level job and up through promotions, are contrary to the ways people create significant wealth in this country.

It’s definitely an interesting interview, I highly recommend reading it. [ LINK ]