By Mark Ford To acquire wealth, it is helpful to know what it is… and what it is not.
There are many sorts of wealth. This essay is about only one of them: financial wealth.
Financial wealth can easily be defined as net worth – the sum of one’s assets less the sum of one’s liabilities.
You’d think a concept so simple and straightforward would be easy to understand. But surprisingly few people do.
Years ago, at an investment conference, I asked the audience to volunteer definitions of financial wealth. About a half-dozen were proffered, none of which was net worth. The two most popular were …read more
