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Reply to "Do you include your home equity in net worth ? "
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[quote=Anonymous]If you notice posts around here, there are two sets of numbers that typically get reported: (1) net worth which includes home equity and (2) financial account totals at the "line item" level (e.g., retirement, brokerage, savings). Posters are right that if these two sets of numbers are out of balance, they can paint a deceptive picture. For example, a $1M net worth sounds solid...but if $900K of that's tied up in your house, you have a problem. I keep a simple spreadsheet that breaks it out as such balance sheet style. So, essentially how much my financial accounts contribute to my net worth and how much my home equity adds onto that.[/quote]
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