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Reply to "What is net worth and why does it matter?"
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[quote=Anonymous]I agree that net worth is not a meaningful concept. There are really separate questions about how you will pay for college, retirement, where you will live, who you will have to support etc. yes, money is fungible, but a net worth of a million is great if you are a spinster in Iowa, but not so good if you are a 60 year old in dc with four kids about to enter college, a SAHM wife, and two elderly parents that you need to support.[/quote]
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