The 6 Levels of Wealth: Which One Are You (And How to Move Up) episode artwork

EPISODE · Jun 12, 2025 · 35 MIN

The 6 Levels of Wealth: Which One Are You (And How to Move Up)

from The Del Walmsley Radio Show · host Del Walmsley

"How do you move from one level to the next? You copy the people in the level above you. In each one of these levels, I could see myself at each level thinking differently than I did at the last level. And that's how I was able to move from one level to the next."   What separates the wealthy elite from everyone else? Del Walmsley dissects a fascinating article from a CPA that breaks down the six distinct levels of wealth in America, from poverty to the elite 1%. But this isn't just about numbers—it's about the completely different mindsets and strategies that define each level.   Del reveals the median net worth and income for each level, but more importantly, he explains the psychological shifts required to move up. Having personally climbed from the bottom to the top 1%, Del shares the critical moment when he realized that wealth isn't about earning more money—it's about owning assets that work for you. He exposes why most people get trapped at their current level and the specific actions needed to break through to the next tier.   What You'll Discover The exact net worth and income ranges for all 6 wealth levels (and which one you're in) Why the "comfort trap" keeps people stuck at their current level indefinitely The fundamental shift from earning income to owning income-producing assets that separates the wealthy from everyone else   Timestamps 02:15 The 6 Levels of Wealth: Complete Breakdown from Poverty to Elite 05:30 Level 1 - Poverty: $14K Net Worth, $21K Income, Living on Assistance 08:45 Level 2 - Low Middle Class: $71K Net Worth, $44.5K Income, Blue Collar Workers 12:20 The Job Trap: Why Having a Job Keeps You in Levels 1-4 17:35 Level 3 - Middle Class: $159K Net Worth, $71K Income, The American Dream 22:10 Level 4 - Upper Middle Class: $307K Net Worth, $115K Income, Doctors and Lawyers 26:45 Level 5 - Upper Class: $3.8M Net Worth, $189K Income, Business Owners 30:15 Level 6 - Elite Wealthy: The 1% Who Own Everything and Work for Nothing 32:40 The Comfort Trap: Why People Get Stuck at Each Level   Ready to Build Real Wealth Through Real Estate? Want to understand how real estate investing actually works? Attend our Free Real Estate Class - Perfect for beginners and those exploring their options   See Real Success Stories Attend a Free...

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The 6 Levels of Wealth: Which One Are You (And How to Move Up)

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