Net Worth Defined: What Is My Net Worth?
Savings Corner
DECEMBER 24, 2023
On the other hand, even people with modest incomes can accumulate significant wealth and a high net worth if they buy appreciating assets and are prudent savers. That includes 401(k)s, IRAs and taxable savings accounts. A person can bring home a big paycheck but have a low net worth if they spend most of their money.
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