$117,400 Is Considered "Low Income"?!

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Minority Mindset
Published at : 06 Dec 2020
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The Department of Housing & Urban Development announced in 2018 that an annual income of $117,400 for a family of four qualifies as low income. Here's what you need to know.
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$117,400 Is Considered "Low Income"?!
0:19 - Working with entrepreneurs, many people have an initial goal of making $100,000 a year
1:01 - The Department of Housing and Urban Development reported that $117,400 a year is low income in San Francisco
1:30 - People making $10,000 a month are struggling to get by financially
2:07 - High inflation is making things less affordable
2:54 - High sales taxes and state taxes are giving people less buying power
3:45 - Wages that aren’t enough to support the high cost of living
4:13 - Why people are stuck in the rat race
4:40 - Don’t rely on other people to take care of you financially
5:13 - College graduates are ending up low income
5:55 - Understanding entrepreneurship and how to create your own income is a necessity


What Is The Minority Mindset?
The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset.

Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.

Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority #FinancialLiteracy


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