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GOBankingRates asked financial experts how to reclaim the middle-class dreams of the 1950s.
Earn money by generatingmultiple income sources.
Creating a budget and saving for a down payment can help make this dream a reality.
Collins recommendedsaving at least 20%of your income for long-term goals such as homeownership and retirement.
Kirsner also recommended getting rid of the second car if you dont need it.
Use your cell phone and cancel your home phone service.
Consider internet-based alternatives to cable TV.
This will enable you to capitalize on the power ofcompound interestand outpace the wealth-eroding impact of inflation.
Consider investing in Roth accounts, where qualified withdrawals will not be taxed.
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