The kind of narrative that we listen quite often by friends and colleagues during lunch conversations is how would life change dramatically if they have $1 million dollars or how life will change when they won the lottery and get $X amount of money.
The focus seem to be quite centred on how this sum of money would add to their net worth.
Net worth’s are a person’s equity in life. It is the difference between what you can liquidate tomorrow and the value that you can liquidate minus off the debts that you owe others. It is not that the person can purchase a $2 million dollar condo and drives a BMW, but after taking away the loans, how much is a person actually worth.
The net worth to me measures how far a person have come, whether a person are building value or living in a life of ......