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Questions and Answers
Is a millionaire someone whose net worth excluding their primary residence is in excess of a million?
True
Would owning a $1 million house and owing $500,000 on it make you a millionaire?
False
Is liquid net worth the same as net worth?
False
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?
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