Wealth

Wealth is the total value of all assets owned by an individual or entity, minus any debts or liabilities. It includes things like cash, savings, property, investments, and valuable possessions. Wealth indicates financial resources and stability, reflecting the ability to meet current needs, invest for the future, or handle unexpected expenses. It's different from income, which is money earned regularly; wealth is the accumulated assets accumulated over time. Building wealth involves earning, saving, investing wisely, and managing expenses to increase overall financial security and opportunities.