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Oops…Why Net Worth is Over-Emphasised
You should focus on these 3 things instead.
If all you’ve been do is working on your net worth, it’s probably time to stop and switch up your strategy.
Listen up yo, cause this is it!
I hate to say this but saving up to build your net worth is ultimately worthless if it can’t be converted to cash.
#ToughTruth
(How about a clap👏 if you appreciate my honesty? )
It’s not what you make, it’s how much you can keep.
Why is Net-worth over-emphasised?
Firstly, what is net worth?
Everyone’s talking about it but do we really understand what we’re building here?
Quick Economics Lessons
- Assets > Liabilities = Net worth / Equity
- Liabilities > Assets = Debt
Net worth is basically a measure of you.
It is a price-tag of how much value you have, as a person.
However, SO many people have their net worth tied up with assets that aren’t liquid or equities that are inaccessible.🤦♀️