Tip: Take stock of assets and liabilities
I already know the answer to this one without having to do any work. I own an apartment, but currently about 80% of it is mortgaged. I have no credit card debt. I have no car and I don't think my other possessions are worth very much. I do have a huge HECS debt which some people don't even consider a debt. I definitely don't have 6 months income lying around anywhere. I do have income protection though which covers 6 months income. I don't think my net worth is comfortably positive. Maybe it is neutral.
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