Financial Planning for the Poor/Middle/Rich

The poor are advised to count on Social Security and Medicare. My own advise is to increase income. Personally, I suggest the poor start in network marketing because that way they get financial and business education. This is addition to the obvious: get the best job you can.

The middle are advised to work hard, live below their means, save, invest for the long term in mutual funds. They are passive investors who invest not to loose.

The rich are active investors who invest to win.

All of this tells me that the problem of poor/rich narrows down to achieving the active investor status. Of course, one has to know how to do this – and be smart.