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Hi lisport, Net worth = Assets - Debt. i.e. To have a net worth of $2M Oscar might have properties worth $4M and $2M in debt. So, if he sold them he'd end up with $2M in his pocket (less transaction fees). In my personal opinion, that makes him a millionaire. Unless you have an LVR of...

Well done Oscar! Awesome stuff. You're now officially miles ahead of me. Still chipping away quietly but not nearly as far progressed as you are. You're right though that it will have a snowballing effect as soon as you start getting a decent amount of passive income then the portfolio...