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Reply to "What is your age and net worth?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]36, negative maybe 700K because of a mortgage. If you take that out it's positive 500K, but that's no how I think of things. [/quote] The mortgage is not a liability unless the house is worth no money. To include mortgage you would add the value of your home to your NW and then subtract the mortgage balance [/quote] Safer (as in more conservative) to not add the house. You'll always need a place to stay in..[/quote] Safer, but incorrect. Net worth has one definition: assets minus liabilities. Counting the liability but not the asset is not net worth.[/quote]
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