The Importance of Net Worth

Most non-rich people don't think of just ownership of material assets. They buy it without asking what percentage of my net worth is this purchase? If it's obnoxiously high, why would you do that? Because you know it's going to be another liability. That's like a double whammy. You're buying a liability, which is massive as compared to your net worth and is a liability,. Which means it's goingto take your net worth even lower. What kind of logic is that? That is the big difference between rich people and not so rich people.