The bottom quintile
(media.scored.co)
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It's funny how much more money the guy has who saved his life on a modest income vs the high income earner who bought himself everything he thinks he deserved.
Eventually you have this guy who only makes 75k a year, but his house is paid off, he has no car bill, etc. He's living off that and socking away.
People don't even realize that they can have a good life never making more than 30k a year, because they don't realize how to properly invest and save. It's harder, but it's doable.
Frankly, the weird thing about the debt system is that if you were actually good with paying your debt back, it's the absolute fastest way to build wealth from $0
Well, leverage is certainly something that financially intelligent people understand. You don't have to be super sophisticated, but I think it makes sense to take loans on things when interest rates are low on things where you can get a good interest rate -- like a house. But you still wanna pay it off because then if you're into it you can take out another, bigger loan.
Tax evasion is also a great thing. Certain investments are privileged, so as dumb as that may be you play along I guess.