Zoho Bookings & SalesIQ Alignment

Disclaimer

The content on this website is for educational purposes only and does not constitute financial, investment, legal, or professional advice.

Neither FinE, nor associated institutions, including NSE, BSE, MCX, and NCDEX, assume any responsibility for investment decisions made based on this information.

Please consult a qualified financial professional before making investment decisions.

Back

Wealth 
Wealth refers to the total value of everything you own, including money,  property, gold, and investments, minus any debts you have

For example, if you own a house worth ₹50 lakh, have ₹10 lakh in savings, and  owe ₹5 lakh in loans, your total wealth would be ₹55 lakh.

How to Understand :  

Wealth reflects your overall financial strength, encompassing more than just the cash in  your bank account.

Importance :

It indicates your long - term financial security and stability.
Wealth helps you achieve future goals, such as buying a home or planning for  retirement.
It provides protection against emergencies by ensuring you have resources available.
Building wealth is essential for creating financial stability for future generations.