Just surpassed $1m net worth

[Anonymous]

Anonymous wrote:Purely out of curiosity, those of you who don't count home equity, do you still count your mortgage against your net worth? Or do you just leave housing out altogether?

When I had mortgages, I left housing out altogether - and I’ve always had more equity in a property than debt (at all times). I also left our retirement when I used to try to reach the million mark.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Purely out of curiosity, those of you who don't count home equity, do you still count your mortgage against your net worth? Or do you just leave housing out altogether?

When I had mortgages, I left housing out altogether - and I’ve always had more equity in a property than debt (at all times). I also left our retirement when I used to try to reach the million mark.

Well, good for you -- but you're not calculating your net worth then. You're calculating something else. The definition of net worth is assets minus liabilities. That's how it works.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Purely out of curiosity, those of you who don't count home equity, do you still count your mortgage against your net worth? Or do you just leave housing out altogether?

When I had mortgages, I left housing out altogether - and I’ve always had more equity in a property than debt (at all times). I also left our retirement when I used to try to reach the million mark.

Well, good for you -- but you're not calculating your net worth then. You're calculating something else. The definition of net worth is assets minus liabilities. That's how it works.

[Anonymous]

Anonymous wrote:We are a little over a million too in ours 40s but we don’t make as much as many of you guys. HHI of 130k

This is what mine and my partner combined is. What does your portfolio look like?