EP193: The Dying American Dream
The American Dream as we know it is dying. 😳😳
This dream once deemed achievable through hard work regardless of your background, is fading.
Essentially, it’s now tougher to climb the economic ladder, and the game feels rigged.
The good news, it may not be completely gone, yet. But if the American Dream is dying, when and how did this happen? And what can you do about it?
To understand this, let’s take a look at what it means to live the American Dream.
The term American Dream was coined in 1931 in the best-selling 📖 book called Epic of America.
The author James Truslow described it as “that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.”
If you noticed nowhere in this definition does it mention a specific salary threshold, the size of your home, or the number of fancy bags you have in your closets as evidence of the American dream achieved.
Another way to understand what happened, let’s take a look at the telephone game.
Have you ever played a ☎️ telephone game with your friends?
The “telephone game” is like playing “whispered gossip” in a line of people.
The first person shares a secret, and by the time it reaches the last person, it’s morphed into a hilariously twisted version of the original – proving that just like in real life, the grapevine has a mind of its own!
This is you see what’s happened to the American Dream.
From its origin which was more based on a state of mind, it’s now morphed into some keeping up with the Jones’ disease.
To see firsthand what we are talking about, here’s an article by Business Insider, which cites a survey on what people mean they’ve “made it.”
For the sake of brevity, we will go through the top 5 on this list
✔️ NO. 1 You own a property valued between $1 to 2 million dollars
✔️ NO. 2 You go on at least two annual trips abroad
✔️ NO. 3 You have a household income of at least $185,000
✔️ NO. 4 You have a holiday home
✔️ NO. 5 You are able to hire a home cleaner
Not sure, in what world having these 5 things was ever meant to be part of the American Dream.
Are they nice things to have, for sure, but necessities, definitely not?
So, arbitrarily stress and hustling to achieve these, may be more detrimental to your attaining the American Dream and you may not even realize it.
More on this later. 🤟💋
So, when did the definition of the American Dream diverge from its original meaning? Well, we think it happened as a result of society conflating economic mobility and the American Dream.
You see, according to Pew Research, “The middle class, once the economic stratum of a clear majority of American adults, has steadily contracted in the past five decades. The share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021, according to a new Pew Research Center analysis of government data.”
Wage stagnation gets a lot of blame for the middle class’s slide.
But, let’s get real: thinking the American Dream comes through a 9-to-5 job is like expecting a fish 🐠 to teach you tree climbing.
Newsflash: If your hours pile up, but your bank balance doesn’t, you’re playing the wrong game. Remember, if you’re always the pawn and never the player, you’ll just run until you’re out of moves.
The American Dream? It’s not about sweating more at the 9-to-5 grind. Because while you’re trying to snag that next promotion, the corporate ladder might just be losing steps.
You climb but never rise. So, don’t just hustle—pivot.
What’s the next step?
Well, that’s where we come in, showing folks a brighter—and dare we say, simpler—path.
👉 Enter: the magic of real estate investing, especially 🏢 multifamily apartments.
Done passively, this strategy is like ditching the kiddie pool for the ocean’s vast expanse.
Ever gawked at those wild square watermelons from Japan? If not, do yourself a favor and give it a quick search after this. Those watermelons? They’re boxed in, quite literally, by a mold. That mold stunts their groovy growth.
Similarly, your wealth might be constrained by your own limits.
We are all given the same 24 hours in a day, thus no matter how heroic your feats are, you are the bottleneck, you are the constraint. But what if you had a whole team working for you?
That’s when you tap into multifamily apartment investing, you’re not just breaking that mold; you’re smashing it.
Leveraging others’ teams, time, tools, and expertise means you’re not rowing your wealth boat solo. 💛
Instead, picture a whole crew, with top-tier equipment, pushing you forward. It’s like you traded your solo paddle for a fleet of experts, all huffing and puffing, filling your sails, and catapulting you across the financial waters faster, and effortlessly on your part.
With them doing all the heavy lifting you glide across the waters with ease.
In this route, you let them do what they do best, grow your wealth, while you are on the deck sipping some delicious boba milk tea, or whatever beverage you prefer. Ready to sail smoothly and far.
Well, Cashflow Multipliers, that’s for today!
Until next time, dream big, and keep making those dreams a reality! 😍😍
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