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Reply to "FYI: Don't include home equity in net worth"
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[quote=Anonymous][quote=Anonymous]This is all so stupid. You are not counting "net worth" for a legal document. You are counting it for some other reason - to figure out if you have cash flow to retire, or to decide if you are a multi-millionaire, or to decide if you should take out a HELOC, or to decide if you can brag to your in-laws about it. Or for some other reason. Figure out why you are calculating "net worth". Then either count your home equity accordingly - or don't count it accordingly. [/quote] This, exactly. [/quote]
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