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Reply to "How old are you and how much is your net worth?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]yeah, we are currently in negative territory since we owe $420K+ on our home. If we didn't have to subtract that debt, it wouldn't be so ugly. We're 36 with 1 child - HHI of ~$135K.[/quote] Is your mortgage worth more than your home?[/quote] we've gained a little on it since we bought it 2 years ago. We just still owe a lot on it, plus we took out a HELOC to pay for some home repairs and a few other things (like fertility treatments since my first child apparently screwed up my body to the point where I can't get pregnant without the use of technology). Our retirement accounts+other savings+529 savings aren't bad for our HHI, but even if you add in what we still have in equity, subtracting the debt (mortgage+HELOC+1 car loan) from that gives us negative net worth. We would have been in the positive by a couple thousand had we stayed in our little TH forever, but we made the decision to have a house with a yard. I think there are a lot more families out there like ours, they just aren't answering this question.[/quote]
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