Self-managed superannuation (SMSF) has long been a popular topic for people aspiring to take more control of their superannuation. Before considering a SMSF, you need to be able to emphatically answer 'yes' to each of these three questions.
A primary purpose of creating wealth is to achieve financial independence, which is the point when you can afford to choose not to work. Net Wealth is the key measure of your progress toward financial independence and therefore is important to understand and track. It's important not to confuse your net wealth with your net worth, which is a separate measure.
When is buying a share, investing and when is it gambling? When is investing, wealth creation?