The Net Worth Continuum: Wealth vs. Lifestyle
“Look at their house, they must be rich.” Before being able to learn about wealth, we have to understand what it is, and what it isn’t. Wealth is not the amount of money that passes through your hands or your bank account. It’s not a fabulous lifestyle either. While you may look around and see a lot of people living like they must be rich, the truth in the United States is that most families are funding that lifestyle with debt rather than actual wealth. This means they are getting further behind rather than getting ahead. Wealth is not how much you spend, it’s how much you keep. Wealth is…