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Reply to "FYI: Don't include home equity in net worth"
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[quote=Anonymous]Net Worth = investments that make money like saving accounts, bonds, stocks, brokerage and rental property (just the net income). Here's why. NW is a calculation of assets that are making money for you. Your house is a cost center. Tax, repairs, ect. Even if you have equity, it still doesn't count because you don't really know what you'll earn until you get that check on closing day. Feel free to argue all you want but it's true for financial planning purposes.[/quote]
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