10 Things That Will Absolutely Kill Your Net Worth

manage your home finances

Your net worth – simply described as what you own minus what you owe – is hands-down the most popular gauge for wealth. There are people in this world that have never earned more than $50,000 in a given year, but they’re worth millions. And then there’s a whole other class of people that earn $200k+ a year and are worth absolutely nothing. Whether you earn hardly anything or you make a ton, there are 10 things that will absolutely kill your net worth and I strongly urge that you watch out for them, avoid them, and prosper heavily because of it.

10 Things That Will Absolutely Kill Your Net Worth

When I was 23 years old and living on my own, I made a profound realization that changed the course of my life forever.

The bums living near my neighborhood earned very little, they owned practically nothing, and I assume most of them had very little debt. Their net worth was basically zero. Then, there were couples in their late-30’s that lived in my development that owned a nice house, had a couple of nice cars, and often took . . . → Read More: 10 Things That Will Absolutely Kill Your Net Worth