here is where folks are getting lost in the sauce. lets say you own a house 100 to 150k, 20k in student loans, 25k in cars thats 195k you will need investments of 200k to even get to a 5k net worth. lets say you in an apartment with a 20k car and 20k student loans you would need 45k in investments to have a 5k net worth. so yes is net worth important OF COURSE.. but lets not get lost in the sauce…I want folks matching their 401k at work, putting money into bank CDs, monthly dividend stocks, investing in more real estate because at the end of the day cash flow is king and credit helps keep the kingdom.
At the end of the day I want you to completely focus on building cash flow or growing your business. I want you to not get lost in these arguments with folks who do not own a home, do not own their cars and not gainfully employed with a trade.
even if you just create a business bank account, work your different gig jobs ( uber, lyft, instacart, etc) where you deposit all your money into that account alone. then proceed in 2 to 5 months to apply for business credit by showing bank statements of healthy business income, you would be further along than folks complaining about black women going on vacations, working high paying jobs and having degrees.
I am tired of the argument because its focusing on others instead of yourself. If you keep building your cash flow business and investing $5 to $25 dollars at a time in lending club, prosper, other paper investments its better than crying over net worth that takes years to build.