Part 2/7:
Gal begins by explaining what net worth is: the total value of one’s assets minus liabilities. It serves as a snapshot of an individual’s financial health. Acknowledging that everyone’s growth is unique, she emphasizes the importance of starting the journey to financial stability early, particularly due to the power of compound interest. This concept is pivotal, suggesting that not only does your initial capital grow, but the accrued interest also generates additional earnings, leading to significant financial growth over time.