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Most millionaires are asset millionaires. Almost nobody has a million in their savings account.
by artisinal 12d ago
Most millionaires are asset millionaires. Almost nobody has a million in their savings account.
- tancop 12d agoFarms are some of the least liquid assets. Not because it's that hard to sell them but when your whole income depends on owning something you can't just decide to give it up. And the social networks you depend on for things like finding seasonal workers or helping out after a natural disaster break down if you move.