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Updated over 4 years ago on . Most recent reply

User Stats

89
Posts
29
Votes
Dustin Sanders
  • Realtor
  • Pensacola, FL
29
Votes |
89
Posts

$1M in Assets or $1M in savings?

Dustin Sanders
  • Realtor
  • Pensacola, FL
Posted

I was just asked why $1M in assets is better than $1M in savings.

I believe $1M in assets is truly worth more, but I honestly don’t know why. Can someone please explain?

Most Popular Reply

Account Closed
  • Investor
  • Singapore
3,225
Votes |
1,581
Posts
Account Closed
  • Investor
  • Singapore
Replied

Owning 20% of a $1M property is still only 200K in assets. 200K in the bank is also $200K in assets. Saying you own $1M assets with 20% equity is like saying I own 1T in assets cause I own a few shares of AMZN!

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