Income tells you how much you earn. Net worth tells you how much you keep.
- Assets — Everything you own with value.
- Liabilities — Everything you owe.
- Net Worth — Assets minus Liabilities.
A person earning $200,000 with $300,000 in debt is less wealthy than someone earning $50,000 with $100,000 in savings. Income is a flow. Net worth is the reservoir. Track it every month.
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⚡ Your Action Step
What is one thing from this article you can act on today? Write it down. Then do it. Wealth is built one decision at a time.
