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Questions and Answers
Is a millionaire someone whose net worth excluding their primary residence is in excess of a million?
Is a millionaire someone whose net worth excluding their primary residence is in excess of a million?
True (A)
Would owning a $1 million house and owing $500,000 on it make you a millionaire?
Would owning a $1 million house and owing $500,000 on it make you a millionaire?
False (B)
Is liquid net worth the same as net worth?
Is liquid net worth the same as net worth?
False (B)
Is liquid net worth assets that you can trade in and out of?
Is liquid net worth assets that you can trade in and out of?
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Is having a million dollars in cash in the bank considered a liquid net worth?
Is having a million dollars in cash in the bank considered a liquid net worth?
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