Anonymous
Post 01/09/2014 20:28     Subject: Congratulate me on my $1,064 net worth
OP here. Down to 0 again but it was fun while it lasted.
Anonymous
Post 01/07/2014 18:49     Subject: Congratulate me on my $1,064 net worth
Anonymous wrote:Congrats OP!

I didn't realize that you are supposed to count your mortgage against your net worth. I always just include the amount of equity that we have, with the thought that it is an asset that can be sold. But how do you work it? Mortgage in the negative and equity in the plus column?

Do you include your retirement accounts in the plus column?


And yes, retirement accounts in the plus column, but for employer contr., only the part that's presently vested.
Anonymous
Post 01/07/2014 18:48     Subject: Congratulate me on my $1,064 net worth
Anonymous wrote:Congrats OP!

I didn't realize that you are supposed to count your mortgage against your net worth. I always just include the amount of equity that we have, with the thought that it is an asset that can be sold. But how do you work it? Mortgage in the negative and equity in the plus column?

Do you include your retirement accounts in the plus column?


Well, value of house in the plus column, mortgage in the minus column... so yeah, equity.
Anonymous
Post 01/07/2014 00:31     Subject: Congratulate me on my $1,064 net worth
Anonymous wrote:
Anonymous wrote:Congrats OP!

I didn't realize that you are supposed to count your mortgage against your net worth. I always just include the amount of equity that we have, with the thought that it is an asset that can be sold. But how do you work it? Mortgage in the negative and equity in the plus column?

Do you include your retirement accounts in the plus column?


Mortgage in the debt column and home value in the asset column. Whatever equity exists in between is part of your net worth.


PP here. Okay, that makes sense. I guess that is what I was already doing by just including the equity. Sorry for the stupid question. Late. Embarrassed to admit that I am still on DCUM because I stayed up to see the new bachelor on Jimmy Kimmel. Clearly not at my best!
Anonymous
Post 01/07/2014 00:30     Subject: Congratulate me on my $1,064 net worth
Can I trust Zillow because I just can't believe their market estimate of my house!
Anonymous
Post 01/07/2014 00:22     Subject: Congratulate me on my $1,064 net worth
Anonymous wrote:Congrats OP!

I didn't realize that you are supposed to count your mortgage against your net worth. I always just include the amount of equity that we have, with the thought that it is an asset that can be sold. But how do you work it? Mortgage in the negative and equity in the plus column?

Do you include your retirement accounts in the plus column?


Mortgage in the debt column and home value in the asset column. Whatever equity exists in between is part of your net worth.
Anonymous
Post 01/07/2014 00:20     Subject: Re:Congratulate me on my $1,064 net worth
Congrats! Your net worth is $2 to the 10th power, plus $40 just in case.