You are worth much more than your financial wealth. Your lifetime of wealth includes the sum of your experiences, knowledge, values, and moral guidance, as well as your accumulated financial wealth. But financial wealth is important in many ways. When you apply for a mortgage or car loan, the bank wants to know about your financial situation, not your life experiences. Similarly, your family will need your financial wealth to pay bills in your absence. You are taxed on your financial wealth, not … [Read more...]