Dangers of The Middle Class Mindset

30 Dec 2025 · 18 min · 9 chapters

Ask about this episode

Ask anything about it. ChatGPT or Claude reads this page and answers with the times it was said.

Connect VO and ask about every podcast you hear, including the moments you saved. Add to ChatGPT · Add to Claude

In short

Earn Your Leisure Podcast: Episode Summary

Episode Title

Dangers of The Middle Class Mindset

Hosts

  • Rashad Bilal
  • Troy Millings

Episode Overview

In this episode, Rashad and Troy delve into the challenges posed by the middle-class mindset and how it can hinder personal and financial success. They advocate for a shift towards entrepreneurial thinking, emphasizing the importance of breaking free from limiting beliefs and societal norms.

Key Concepts

  1. Middle Class Mindset
  2. Definition: The middle-class mindset is characterized by a sense of comfort that can lead to complacency and limit ambition.
  3. Detrimental Impact: Hosts argue that this mindset is a barrier to achieving true success and generational wealth, suggesting that it perpetuates a cycle of mediocrity.
  1. Personal Experiences
  2. Rashad shares his background from a working-class environment, explaining how this perspective influences his current views.
  3. Matrix Analogy: The hosts liken the middle-class mindset to being trapped in a "matrix," where individuals do not realize their limitations until they escape it.
  1. Limiting Beliefs
  2. Example: The analogy of flies conditioned to fly only as high as a jar's lid, even after the lid is removed, illustrates how inherited beliefs can restrict one’s potential.
  3. Negative Conditioning: Hosts discuss how societal and familial expectations instill limiting beliefs that can hinder personal growth, especially in children.
  1. Breaking Free
  2. Discussion emphasizes the need to challenge societal norms, such as waiting for weekends to have fun or limiting travel and experiences.
  3. Rashad reflects on experiences in affluent environments (e.g., Dubai) where conventional schedules don’t apply, highlighting a mindset of abundance over limitation.
  1. Financial Goals and Freedom
  2. Exercise for Viewers: The hosts encourage listeners to identify their dream lifestyle without financial constraints and to think about how they can achieve it.
  3. Entrepreneurial Mindset: There's an emphasis on the importance of creating value and serving others, rather than solely focusing on accumulating wealth.
  1. Overcoming Fear and Regret
  2. The hosts stress the significance of embracing risk and viewing failure as a learning opportunity rather than something to fear.
  3. They posit that regret from not trying is a greater burden than failure itself, encouraging listeners to pursue their ambitions without hesitation.

Key Takeaways

  • Mindset Shift: Transitioning from a middle-class mindset to an entrepreneurial perspective is crucial for personal and financial growth.
  • Empowerment: Individuals should challenge inherited beliefs that may limit their potential and think beyond societal norms.
  • Goal Setting: Listeners are prompted to set ambitious goals and reverse-engineer their path to achieving them.
  • Embracing Life: Acknowledging the temporality of life can lead to a bolder approach to living and pursuing dreams.

Conclusion This episode of the Earn Your Leisure podcast serves as a powerful reminder of the dangers of complacency associated with the middle-class mindset. Rashad and Troy inspire listeners to redefine their understanding of success, encouraging an entrepreneurial spirit and the pursuit of limitless possibilities.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

Tap a time to open that second in VO

The Middle-Class Mindset

1:48 to 2:54

Exploring the concept of a middle-class mediocre mindset and its impacts.

“Let Square handle the back end so you can keep pushing your vision forward.”

Breaking Free from Limitations

2:54 to 4:25

Understanding how societal expectations limit personal growth.

“I haven't heard anybody else say it, but, um, you know, I was just thinking about it and it's extremely detrimental to your success.”

Lifestyle Choices and Mindset

4:25 to 6:11

Discussing how mindset influences lifestyle decisions and freedom.

“And I'm like, well, because his birthday is on Tuesday.”

Generational Wealth and Expectations

6:11 to 7:27

The importance of breaking generational barriers to achieve success.

“Rules are only for middle class and poor people.”

Evaluating Personal Goals

7:27 to 8:43

Exercises to define and pursue personal financial goals.

“I remember when I set the decision to become an investor and trader, I'm like, man, I just want to be able to trade, not have to talk to anyone regarding doing business and be able to make money out of the ether.”

Mindset and Wealth Creation

8:43 to 10:05

How mindset shapes the journey toward wealth and opportunity.

Overcoming Fear and Limitations

10:05 to 11:28

The significance of overcoming fear and self-imposed limitations.

Strategizing for Financial Success

11:28 to 14:00

Learning to reverse-engineer financial goals and develop selling strategies.

“The goal is is creating something that is going to change the world.”

Overcoming Fear and Embracing Success

14:00 to 17:36

Learn how to confront fears and take actionable steps towards achieving significant financial goals.

“that you tell your children, just be careful how you speak to your children because it's like you're already instilling fear.”
Hear the part that matters, and keep it.Open this episode in VO. Double tap your headphones to save a moment as you listen.
Get VO free

Transcript

Automatic transcript. May contain errors.

0:00This is an iHeart Podcast. Guaranteed Human Run a business and not thinking about podcasting? Think again. More Americans listen to podcasts then add supported streaming music from Spotify and Pandora and as the number one podcaster iHeart's twice as large as the next two combined. Learn how podcasting can help your business. Call 844-844-IHEART Earners, what's up? You ever walk into a small business and everything just works? Like the checkout is fast, the receipts are digital tipping is a breeze and you're out the door before the line even builds. Odds are, they're using Square. We love supporting businesses that run on Square because it just feels seamless, whether it's a local coffee shop, a vendor at a pop-up market, or even one of our merch partners.

0:43Square makes it easy for them to take payments, manage inventory, and run their business with confidence, all from one simple system. One of the things we love most is seeing neighborhood businesses level up. There's this West Indian spot right in our community that started with a small takeout counter. Now with Square, they've been able to expand into a full sit-down restaurant and even started catering events across the city. That's the kind of growth that inspires us, and it's powered by Square. Square is built for all types of businesses, from the corner bagel shop that turned into a local chain, to the specialty market with thousands of unique items, to the stylist who's been holding you down for years.

1:23If you're a business owner or even just thinking about launching something soon, Square is hands down one of the best tools out there to help you start, run and grow. It's not just about payments. It's about giving you time back so you can focus on what matters most. Ready to see how Square can transform your business? Visit square.com backslash go backslash E-Y-L to learn more. That's square.com backslash go backslash E-Y-L. Don't wait. Don't hesitate. Let Square handle the back end so you can keep pushing your vision forward. I want to I want to talk about this. I wasn't going to take the tweet down.

2:03What tweet? I'm talking about Skip. I told you about Skip. I'm going to let you finish your monologue. We'll have them issues on our show. Go ahead. So it's important to understand before I say this, we come from a working class environment like, you know, sanitation workers and nurses and school teachers and, you know, real hard working people, people that saved up for a vacation maybe once every two years you know working to send their kids to college different things of that nature right so i want to preference it before i say that no no no no it's important um but there is a thing called middle class mediocre mindset I think I've coined that phrase.

2:54I haven't heard anybody else say it, but, um, you know, I was just thinking about it and it's extremely detrimental to your success. If you're trying to break out of it and you don't really realize it until you're out of, it's like the matrix. You never really realize you're in the matrix until you break out of the matrix. And, um, you know, 19 keys has said something and I actually looked it up on YouTube and it's actually true where they did a research study where they took flies and they put them in a jar and they put a, they put a cap on a jar and the flies obviously could only fly as high as the cap, the lid.

3:31When they took the lid off, they still only flew as high as the lid, even though the lid was off. That's interesting. But what's even more interesting is that when they had children, their children only flew as high as the invisible lid because they were already programmed and that's only as high as you can go so you know it's interesting like so many different things when i think about it and you probably don't even realize these these things happen but you ever heard like parents tell their children like you just want you just played yesterday you just had fun yes you just had a party yesterday like you can only have fun one day out of the week.

4:10You can only have a party one day. I had a family. I took my son to dinner in the city for his birthday. His birthday was on a Tuesday. And somebody said, well, why are you taking him to the city on Tuesday? Why don't you just take him on a weekend? And I'm like, well, because his birthday is on Tuesday. But that's the whole mentality of like, low, let's just wait till the weekend because we're working. And we got to get up. Like I say that to say, you really have to break out of the middle-class mindset because this is extremely detrimental. And the most dangerous thing that America ever did was create a middle class.

4:51Because when you create a middle-class, you create some level of comfort because you're not in poverty, right? You're not in poverty. So you think that you actually are living the american dream yet you're not you're really not and it's like that mindset is so detrimental because there's so many limiting factors that go into play here right where it's like you got to wait to the weekend to do things and you can only like you ever hear somebody say like you just came back from a trip why are you traveling so much well why not well why not why am i not traveling so much work for like you know i'm saying like why am i not it's a lot of these things that you have to be extremely careful of the kind of people that you're around because these kind of limiting words develop habits in your subconscious.

5:37And then you feel bad about it. You feel guilty about going on a trip. You feel guilty about going out two nights in a row. You feel guilty about going to the city on Tuesday. You start to rail it back a little bit like, no, I'm doing too much. Let me pull back. But at the highest level, there's no limitations. And I'm speaking from firsthand experience because I see it. So when we in Dubai or Abu Dhabi on a Wednesday, nobody knows whether it's Wednesday or Saturday or Sunday. It doesn't matter. It doesn't matter. It really doesn't. Nobody says it's four o 'clock in the morning. What are you doing out?

6:11Nobody says it's six o 'clock. You have to get up. There's really no rules in life. At the highest level, there's no rules. Rules are only for middle class and poor people. Rich people don't have any rules. They make their own rules. And we can argue that the middle class died after Clinton left office. Yeah. Yeah. So it's extremely important to understand that. And like I said, I'm not even speaking from a level of condescending, but I'm speaking from firsthand experience because I've seen both hands of it. Like, this is how I grew up. So now when I'm in a different environment, but I always thought like that, but you start to see it.

6:50you start to see things and it's like, damn, it's hard to even get people to understand that the way that they're thinking is so small and so limiting. So you don't even waste your time. But for everybody that's watching it, you're on your pathway to generational wealth. You're on your pathway to success. You're on your pathway to becoming a superstar in the entrepreneurial world whatever you want to do with your life so just be mindful of that because a lot of times you're limiting yourself based off of the expectations that have been laid down from you from your parents your grandparents your friends your neighbors so just be mindful of that it's very important and a quick exercise real quick um so it doesn't come off as elitist because you know i want to end up on shade room or nothing shade wrong i'm hoping to end up on shade room i need we need shade room we need that 500 dinners coming back now you understand us 500 dates coming back polygamy the only way they'll listen the leg will become the only thing they gonna listen to diddy vibes what we doing the only thing they gonna listen to my man had a baby anywhere um please write in chat if money was not an object or issue what are the three things you would do spending your day on.

8:12It's very important to set that. I remember when I set the decision to become an investor and trader, I'm like, man, I just want to be able to trade, not have to talk to anyone regarding doing business and be able to make money out of the ether. And man, I have to bust my ass to be able to get there. But that manifested. I will tell you that the middle class has died though. Even I know a lot of people are mad about that quote from grant cardone on if he only made x amount of dollars per year but the truth is it's like a little too far if did he though no i mean some things you can't say some things you can't say and see that's why i respect it okay now if we're gonna be honest has not got some energy right 6400 people on youtube let's go let's go let's go what they want this is what they want the truth is though he was right because if you if it's not just about you i don't want you to make half a million dollars to go blow them blitzley yaga and mike and mary all that right but let's say if you're going to help five people in your family how much does it cost to help five people in your family and take care of all your stuff and be debt-free there's a cost so i want you guys one of my favorite exercises of money master the game how much money do you need to retire you and three people that you love and give everyone that you love a soft life you know because when i day i only won't mind watching the dishes of nothing yeah i'm not no i'm not that's not the part that is that's that was like all right maybe you shouldn't i think the word ashamed is what triggered me personally like a great marketer you don't think he did that i know i get no i get the i get the marketing part of it i'm just saying right if you're in pursuit of that like everybody has a threshold right like when you're saying like hey we got to prepare for where we want to go right and so sometimes when you're in the grind i talked about that on on i think that was drink champs we were talking about when we're in that survival mode yeah we can have the goal of 400 000 we can have the goal of 15 million but i gotta work on the day-to-day i might be in pursuit of it should i feel ashamed that i'm not there yet i don't think so like that that word is i think is what triggered like if if you're not there now great you might be in pursuit of it okay yeah we we can't knock the people that's in pursuit of it you you can't you can't you can't disrespect people you can't i don't think he was saying it's a disrespect but it did come that's how he said it the tone yeah the tone he said it's all what you say is how you say it right so um ashamed i think is a strong word like i personally haven't hit what my personal income goal is ever i'm mad that i haven't hit it yet meta write my check so i can hit it um but i think we have to have realistic goals because like well excuse me unrealistic goals because the truth is as a person that has hit a realistic goal 25 times it's not a good feeling to hit that goal i'm like i should i should i actually more should have didn't or should have pushed for more i should have been not only going after meta but every top 1000 company on earth at But what I also realize is that even like being around billionaires and hanging around people that's extremely wealthy, non figures, the goal is never money.

11:46Yeah. The goal is is creating something that is going to change the world. The goal is creating like, you know, that's the goal, right? So even helping people create something. Yeah. So even the money, I think that, you know, it's not really about money. that's why what i wanted to say with the middle class mindset it's not necessarily the money because you can still make a lot of money and still have a middle class mindset right it's it's liberating yourself from the shackles of the oppression that was put on you from people and it was how much does that cost though well it depends if you're in new york how much does it cost well first before so for me personally right before i had any money i i was already liberated i have no money and i was already on that type of time i never had a real time i was always waking up whenever i wanted i was always doing i i went to asia with 30 for 30 days i wasn't rich when i did that and it's like people were saying that at that time like i went to asia we went to asia five years ago for 30 days with a round trip plane ticket and two nights in a hotel with no plan we winged it.

12:55We went to five different countries. And people are like, well, why would you go and do that? You got two types of people in this world. You got one type of people that say why and the other type that say why not. So they say like, why are you going to do it? Well, why not? Because I'm going to die one day. And if I don't do it, then I'm never going to have an opportunity to do it. So instead of asking me why I'm going to do it, ask yourself why you're not going to do it. so that doesn't really take money to kind of have that first month mind mind is makes money money don't make money doesn't make the person your mind is the most important thing period absolutely once you get your mind right then the money's just going to come flowing because now you're in abundance mindset and it you're attracting it you're attracting it but what you're doing with these negative thoughts and these limiting thoughts is that you're actually blocking it.

13:47So it's extremely important for people to understand that because I feel like a lot of times people don't fully understand how their mind is so powerful. And even the things that you tell your children, just be careful how you speak to your children because it's like you're already instilling fear. You're already instilling different things in them that you might not even be aware of. And it's like they're already growing up with limitations and fear at 10 years old at eight years old yep it was an interesting thought exercise yeah we want to chat if if you had to make two million dollars in three months write out at what price point would you sell your products how many do you need to sell and what's your plan to get there one of my favorite things to do is reverse engineer how do you get from this point and what are the steps you need to take to get back there for me personally when i was in investing i was watching cnbc like crazy it was maria part of romo and santanelli and everybody back in the day right and i'm like if they would just give the prices and fundamentals right so that's when i started working on the formulation that became a crystal ball so i thought you should be able to like know the fundamentals of a company and give the price in like less than 30 seconds right so everyone in chat,$2 million, three months, what is your formulation?

15:12But it all started with the problem. When I was watching CNBC in 2008, the information wasn't that clear. And here we are today in 2022, 2023, doing this for you guys for free at scale, right? Shout out to y 'all. But whatever you put into your mind, eventually will matter. And for my Christians, I keep saying it, how can you be a child of God and be afraid to put your ideas, proclamations, products and services out into the world and serve him? And he made the moon, mountain stars, grass, grasshopping, man, go get that shit this year. $2 million in three months. What's your plan? You know what changed my life?

15:52This is the last thing I'll say about this. You know what changed my life? Because even in social media, I always tell this story. I wanted to do this eight years ago what we're doing now i wanted to do it eight years ago but you know it's fear it's self-doubt it's thinking like you know what will people think of me i have 500 followers in a private i had a private page with 500 followers there's no this is just this is just reality yeah but you know what you know what how many years ago was this there's when when we started yeah when you have 500 followers that was like six that was like six years ago life could change in half a decade yo like that was like six years ago but but you know what i realized i had an epiphany that i'm going to die once you embrace death you're not you're not afraid to live i'll say that again once you embrace death you're not afraid to live because you realize that we're all going to die one day and ultimately somebody's opinion of you doesn't matter what people think of you don't matter what people going to say about you doesn't matter because it's like it's a very short period of time that we have on this earth.

16:57So you might as well just make the most of it because what's the worst that could happen? The worst that could happen is just doesn't work out. But it's like, if you never tried or if you never really went for it, now you got to live with regret. And regret is much harder to live with than failure. You can live with failure. It didn't work. People fail all the time. But to live with regret is much harder to deal with because you never know what's going to happen. So nobody wants to be on their deathbed when they're 70 years old, 80 years old, 90, whatever and it's like damn I wasted my whole life I really didn't do anything because I was afraid of what my friend would have wrote on Instagram this episode is brought to you by PNC Bank a lot of people think podcasts about work are boring and sure they definitely can be but understanding a professional's routine shows us how they achieve their success little by little day after day.

17:49It's like banking with PNC Bank. It might seem boring to save, plan, and make calculated decisions with your bank, but keeping your money boring is what helps you live a more happily fulfilled life. PNC Bank, brilliantly boring since 1865. Brilliantly boring since 1865 is a service mark of the PNC Financial Service Group, Inc. PNC Bank, National Association Member, FDIC. This is an iHeart Podcast. Guaranteed human.

From the publisher

In this video, we discuss the dangers of the middle class mindset and how it can prevent you from achieving success. If you want to achieve great things in life, you need to break out of the middle class mindset and start thinking like an entrepreneur. Watch this video to learn more!

See omnystudio.com/listener for privacy information.

More from Earn Your Leisure

All 386 episodes
Dangers of The Middle Class MindsetEarn Your Leisure · 18 min
Listen in VO