Mel Abraham says net worth is just a score, not a real financial system. A high net worth means nothing if your assets are locked up and illiquid. True financial freedom comes from having liquid money you can actually use, not from the size of your investments.
Confusing your net worth for financial freedom. Net worth is just a score. It's not a system. You start making decisions based on a feeling instead of a reality. It's like checking the scoreboard at halftime and deciding the game is over. You're up by 7, but you also haven't played the second half yet. A locked asset in a crisis is about as useful as a smoke detector with no batteries. The foundation of a real financial plan isn't the investments at the top. It's the stability underneath it. Stability requires liquidity.
