If you’re like me and have at some point in your life, a net worth of “wacka flocka” is your way of saying that you’re not wealthy.
Your net worth could possibly be just as much of a net worth as some of those who are in the service industry. In fact it could be even more than that.
The most common misconception I see with net worth is that it simply sums up how much money you have in the bank. It doesnt. When people think of the word ‘wealth’ they think of a money market account, which they can withdraw money from. However, the definition of wealth goes much broader. An individual is rich when they are wealthy in the sense that they have enough money to buy a house, eat for a week, and make a decent salary.
You can buy a house, eat a week, and make a decent salary in many ways. For instance, if you are poor in which to buy a house, eat for a week, and make a decent salary, you might be very rich. The key is to use these assets wisely.
Many of us have a house or home that we really, really like. We love the way it looks, the way it feels, the way it smells, the way it sounds, the way the neighborhood is, the way the neighbors are, etc. And that is because we love it.
But that love is not enough to make us rich if the house or home is not up to snuff. There are several things that go into the selling process that are beyond our control. A buyer of a house is going to have to know what he or she is looking for. The seller will have to be able to tell what is worth what, what is a bargain, what is a steal, etc.
Of course, some of these things may also be beyond our control. But it is the nature of our love that we want to share it with others. And it is also the nature of our money that we want to make it.
The buyer is not an idiot. His own money. But the seller is an idiot. So the buyer is not a fool. He is a good guy. He has a lot of money, but he doesn’t get it.