The three pitfalls leading middle-class to fall back into poverty: high-leverage investments, reckless entrepreneurship, and excessive consumption. Getting involved in any one of these could directly lead to poverty again. The primary investment principle for middle-aged people is capital preservation. Holding the bottom line is the greatest guarantee for the family in life.
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The three pitfalls leading middle-class to fall back into poverty: high-leverage investments, reckless entrepreneurship, and excessive consumption. Getting involved in any one of these could directly lead to poverty again. The primary investment principle for middle-aged people is capital preservation. Holding the bottom line is the greatest guarantee for the family in life.