Ramit Sethi, the host of Netflix’s “How To Get Rich Show,” recently shared his thoughts on the portrayal of the middle class by financial influencers like Grant Cardone. In a YouTube video, Sethi expressed his concern over Cardone’s description of the middle class as “oppressed, suppressed, held down, lied to, tricked, and naive.” He found it irresponsible for a multi-millionaire like Cardone to blame the middle class for their beliefs.
Sethi, drawing from his two decades of business experience, believes that demonizing the middle class does not help anyone. He emphasized that being part of the American middle class should be celebrated, as they are an essential part of the global economy. Sethi advocates for a stronger middle class and suggests that the wealthy should be taxed more to support social services. He disagrees with the notion that you can only be either “incredibly wealthy” or a “loser.”
While Sethi agrees with some of Cardone’s points, such as the importance of financial education and making informed decisions about purchases like homes and cars, he disagrees with the negative portrayal of the middle class. He believes that influencers should focus on teaching financial literacy and helping individuals create personalized financial plans for success.
Cardone’s suggestion that studying successful individuals is the key to escaping middle-class problems raised eyebrows for Sethi. He questioned whether everyone should emulate the actions of someone like Warren Buffett, who advocates for living below your means and investing wisely. Sethi believes that wealth does not equate to moral superiority and that money does not make someone a better person.
In conclusion, Sethi encourages individuals to seek money advice from influencers whose values align with their own and who lead the kind of rich life they aspire to have. He stresses the importance of financial education, responsible spending, and creating personalized financial plans to achieve prosperity. By challenging negative stereotypes about the middle class and promoting financial literacy, Sethi aims to empower individuals to take control of their financial futures.