what is the difference between networth and Monthly income?
Answers
Answer:
you have learnt that Income is what you end from working and that net want is the value of your personal has sets minus any debate
Answer:
What’s the Difference Between Income and Net Worth?
Let’s pretend Katie is a marketing executive who makes $150,000 a year and has a net worth of $20,000. Her friend Lacy is a schoolteacher who makes $45,000 a year and has a net worth of $250,000. Who has more wealth—the marketing executive or the schoolteacher? You got it. Lacy the schoolteacher actually has more wealth because she has a higher net worth than her friend Katie.
That’s because when it comes to wealth, it really doesn’t matter how large your income is. Yes, you can build wealth faster with a larger income, but at the end of the day, your income doesn’t guarantee you’ll have a big nest egg when you retire. You have to save and invest that income throughout your career, no matter how much you make.
Explanation:
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