When you see someone cruising around in a shiny new BMW, it’s easy to assume they’re doing well financially. Maybe even upper middle class. But that assumption doesn’t always hold up, especially when you dig into what actually defines upper-middle-class life. The BMW Illusion vs. Financial Reality A recent Reddit thread on r/UpperMiddleFinance sparked a lively debate around what defines the upper middle class, instead of the middle class or upper class. One person summed up the stereotype perfectly. “Upp ...

This straightforward approach gives investors exposure to 500 of America’s largest companies across various industries, providing diversified exposure without the need for constant monitoring or active trading.“In my view, for most people, the best thing to do is own the S&P 500 index fund,” he famously stated (4).While some politicians — and hedge funds — may try to beat the market, legendary investor Warren Buffett has long advised everyday Americans to take a simpler route.The New York Times reported in ...