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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't count home equity in our net worth, though obviously the definition of net worth would include all assets. I also don't count our kids' 529s. Or, for that matter, the $30,000 or so in our bank accounts. I really only count our investments, both taxable and non-taxable.

We don't plan to move somewhere lower-cost when we retire, so if we don't want to have to sell our home later, why count it as an asset that we can use in retirement? Obviously, if we had to, we could, but since "net worth" isn't actually a metric that matters for anything, I don't care about making sure that mine is valued as highly as it could be.

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What you’re saying is you don’t calculate your net worth. JFC.[/quote]

Sure, that’s fine too. Who cares what my net worth is if it includes assets I don’t plan to rely on for retirement? [/quote]

I don’t care what your net worth is and I also don’t care what your retirement plans are.

But “net worth” actually has a meaning.

This thread is bonkers.[/quote]

I know what net worth means, I don’t find it a useful metric for myself, I don’t care that my wealth includes my home equity, so I don’t bother to calculate it when I consider how much we have. It’s true that literally I am not counting my net worth, but it’s also true that the point of the thread probably isn’t the literal definition of the term. There’s nothing to debate about that. [/quote]

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