I believe the key to building real net worth is possessing the ability to make your assets work for you. Financial success is NOT about how much you can earn. There is a new acronym out there called HINRY ( High Income Not Rich Yet ). Making $350,000 a year does not make one wealthy.
What does the term "wealth" mean? The definition of wealth is "a great quantity or store of money, valuable possessions, property, or other riches". If a $500,000 object ( i.e. a house ) is possessed by someone, yet the debt they owe on the house is $450,000, then they truely only possess $50,000 in wealth ( i.e. Net Worth ).
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