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If You Want to Break Out of the Middle Class, Avoid These Money Habits
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                                   Phil Town
                                   VIP CONTRIBUTOR
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​​In this video, Entrepreneur Network partner Phil Town discusses how people in the middle class often have only $1,000 in savings and piles of debt. 
So, if your goal is to break out of the middle class and retire comfortably, here are a few habits -- or "traps" -- you should avoid:
  1. Having no emergency funds.
  2. Not investing enough.
  3. Having no trust in the stock market (putting away money in a 401K is just the start)
  4. Not thinking long-term.
Town recommends only buying things when it is absolutely required. Invest everything else.

Related: The Biggest Risks (and Rewards) of Investing
Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
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