Reply to What %age of your net worth is your primary residence?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Home value: $650K
Equity in home: $500K
Total net worth: $725K

So equity/net worth = 69%.  I prioritize having low debt vs. having lots of investments.[/quote]

I would feel very insecure with so much of my net worth tied up in my house.[/quote]

PP you responded to. I don’t feel insecure at all. My mortgage is $600 a month and I have $150,000 in cash.  I feel very good that that will help me weather any storms that life brings.  Certainly I feel better than I would watching the stock market go up and down if I had a big percentage of my net worth there.

I know investments are important, and I plan on focusing on that now. But it was more important to me to have a lot of cash and low debt first.[/quote]

That's a terminal mistake, PP. Debt is your friend. Investments need to begin as early in life as possible, so they have time to mature into millions of dollars by the time you retire. You have to invest AND carry debt when you're young, because you can make more in the stock market than the interest you're paying on the debt.

I bought tech stocks as a young woman (Apple, Amazon, etc) and now in middle age, I have &gt;10 M. I'm not paying off my mortgage early. [/quote]

Good for you. I don’t need $10M. I need to be able to pay my bills every month and sleep well at night. Having a very low mortgage and lots of cash helps me do that.[/quote]

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