When your net worth is below the bar, you will end up living paycheck after paycheck. The term is relative depending on your financial goals, personal values, and stage of life. A higher net worth means that you have fewer debts or liabilities, and you can grow your finances.

The investment industry is exceptionally volatile and always-evolving. You should take time to comprehend the basic rules and multiple asset classes to acquire significant long-term gains. Refrain from ventures you don’t clearly understand.

What comes to your mind when you hear frugality? Does the image of a miser appear in your mind? Maybe an image of an old rich woman living in a rundown home?