It might not feel like much, but if you’ve got $10 in your wallet and zero debt, you’re already doing better than one-quarter of the U.S. population in terms of net worth.
The Shocking Truth About Negative Net Worth
Millions of Americans carry more debt than assets, meaning they owe more than they own. This is known as negative net worth, and it affects roughly 25% of the population.
Why Being Debt-Free Matters More Than You Think
Even if you don’t have a large savings account or hefty investments, being debt-free gives you a crucial financial edge. That small amount of cash you have isn’t weighed down by credit card bills, student loans, or car payments.
💡 It’s not just about how much money you have it’s about what you don’t owe.
The Bottom Line
Don’t underestimate the power of financial freedom, no matter how modest it seems. Avoiding debt and living within your means puts you on a stronger foundation than millions of others.
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