Definition
Assets that can be readily converted into cash or used for investment purposes, excluding primary residences.
Why it matters (in Poovi’s context)
Defines the threshold for being considered a ‘millionaire’ in the context of the video, focusing on liquid or easily tradable assets rather than total net worth.
Key properties or components
- Excludes primary residence
- Focus on liquidity
- Basis for wealth measurement
Contradictions or debates
None.