FI Works: The 'Middle-Class Trap' is Nothing to Worry About I was a guest on the most recent episode of the BiggerPockets Money podcast where I debated the existence of the 'middle-class trap' with Mindy and Scott. This led to hundreds of comments in our Facebook group after Scott posted some significant thoughts on the matter. If you haven’t listened to the episode yet, it’s an essential one, as it speaks to the broader FI strategy and whether it still works (Hint: It definitely does). My thoughts on some of the essential points: · There is no set FI Number. Scott and Mindy came up with a fictional $2.5 million as a FI Number, and some listeners have confused that with “middle-class” or ChooseFI somehow saying $2.5 million is FI. I have never said such a thing, and in fact, ChooseFI has always said the starting point to FI is “what does my life cost annually?” Then you multiply by 25 to get your FI Number, not some made up number. · The ‘middle-class trap’ is not real.…