Wealth Creation Takes Discipline

What is your net worth? In the simplest terms, your net worth is the economic value of what your assets or what you actually own, less the economic value of all your liabilities or debts that you have. So in terms of personal wealth, even you have houses and automobiles, if they are all acquired on outstanding loans, the only actual portion of your net worth is your equity or the portion that you did not borrow.

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