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Question by  peanuts (43)

What is meant by the goal of wealth maximization?

 
+6

Answer by  tamarawilhite (17883)

Wealth maximization involves maximizing your net worth. This means someone may delay income generation and build up unrealized gains, such as letting real estate appreciate longer instead of selling to get money now or reinvesting their salary in a business instead of taking a larger salary.

 
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