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Reply to "What is your age and net worth?"
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[quote=Anonymous][quote=Anonymous]Are those of you who are in your 40s or younger including homes that you haven't paid off yet? I assume you need to subtract that from any assets you have, right? I'm 33 and DH is 34. We have owned our home for about 2 years. Given that we don't have a huge amount of equity in the house yet and that we're paying for preschool, we have negative net worth, despite having well-paying jobs. I'm confused as to how so many of you in your 30s have so much net worth? Do you not own a home? [/quote] Equity in the house is an asset. You owe $900k on a $1M house, you can still sell the house for $1M and get $100k. The mortgage is not a liability. [/quote]
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