Understanding Net Worth
Net worth is defined as the difference between what you own and what you owe, highlighting the importance of understanding assets and liabilities. While home equity technically counts towards net worth, relying heavily on a primary residence may trap individuals in the middle class, as it often does not contribute to long-term wealth growth. Insights suggest that excluding a primary residence from net worth calculations can provide a clearer picture of financial independence potential.In this clip
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BiggerPockets Money Podcast
Average Net Worth by Age (How Do You Compare?)
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