Reply to What is your net worth? I'm excited to reach zero!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Some of these net worths don't make sense.  Use this calculator to correctly determine net worth (you gotta include all your debt):

http://cgi.money.cnn.com/tools/networth/networth.html[/quote]

According to this calculator we are at +$180K; mid to late 30's.  That's about to go up after we sell our house.  Sweet![/quote]

Your net worth should not increase when you sell your house. [/quote]

Why?  I'm making a fair amount of equity and moving to a much lower COL area.  The math works out in my favor.[/quote]

The equity in your house should already be counted in your net worth calculations.  The value of the house as an asset.  And the mortgage on your house as a liability.  When you sell, the equity would be in the form of cash, but shouldn't change (in theory, but of course there are fees to selling and you have to guess at value of your house, the price when you sell would be differnt, but the overall net worth should still be pretty darn close before sale and after).[/quote]

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