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$1.2 Million Net Worth! Immigrated To The U.S. 10 Years Ago

DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 68,118 Founders Club
edited May 2022 in Tug Tavern
https://www.youtube.com/watch?v=nIIemjOnUcM
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  • creepycougcreepycoug Member Posts: 24,012
    Do people typically include their home's value in their net worth? I guess it's net worth not investment account value. I always leave out my house because I'm always going to have to live somewhere. The way I think about it is that it's permanently tied-up capital. It'll be liquidated when my wife and I are dead.
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  • RoadTripRoadTrip Member Posts: 8,145
    creepycoug said:

    Do people typically include their home's value in their net worth? I guess it's net worth not investment account value. I always leave out my house because I'm always going to have to live somewhere. The way I think about it is that it's permanently tied-up capital. It'll be liquidated when my wife and I are dead.

    I think it should only include the equity.
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  • creepycougcreepycoug Member Posts: 24,012
    RoadTrip said:

    creepycoug said:

    Do people typically include their home's value in their net worth? I guess it's net worth not investment account value. I always leave out my house because I'm always going to have to live somewhere. The way I think about it is that it's permanently tied-up capital. It'll be liquidated when my wife and I are dead.

    I think it should only include the equity.
    I basically ignore it because I know some % of that equity will be tied up my whole life. I guess if I'm figuring my net worth for what the kids will get, it makes sense.
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  • RoadTripRoadTrip Member Posts: 8,145
    PurpleThrobber said:

    creepycoug said:

    Do people typically include their home's value in their net worth? I guess it's net worth not investment account value. I always leave out my house because I'm always going to have to live somewhere. The way I think about it is that it's permanently tied-up capital. It'll be liquidated when my wife and I are dead.

    My van is paid off, so yes.

    Is that the one with no windows?
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  • PurpleThrobberPurpleThrobber Member Posts: 47,963
    edited March 2021
    RoadTrip said:

    PurpleThrobber said:

    creepycoug said:

    Do people typically include their home's value in their net worth? I guess it's net worth not investment account value. I always leave out my house because I'm always going to have to live somewhere. The way I think about it is that it's permanently tied-up capital. It'll be liquidated when my wife and I are dead.

    My van is paid off, so yes.

    Is that the one with no windows?
    No. That belongs to @TheKobeStopper.

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  • HoustonHuskyHoustonHusky Member Posts: 5,999
    PurpleThrobber said:

    creepycoug said:

    Do people typically include their home's value in their net worth? I guess it's net worth not investment account value. I always leave out my house because I'm always going to have to live somewhere. The way I think about it is that it's permanently tied-up capital. It'll be liquidated when my wife and I are dead.

    My van is paid off, so yes.



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  • creepycougcreepycoug Member Posts: 24,012
    PurpleThrobber said:

    RoadTrip said:

    PurpleThrobber said:

    creepycoug said:

    Do people typically include their home's value in their net worth? I guess it's net worth not investment account value. I always leave out my house because I'm always going to have to live somewhere. The way I think about it is that it's permanently tied-up capital. It'll be liquidated when my wife and I are dead.

    My van is paid off, so yes.

    Is that the one with no windows?
    No. That belongs to @TheKobeStopper.

    I’ll allow it.
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  • DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 68,118 Founders Club
    RoadTrip said:

    PurpleThrobber said:

    creepycoug said:

    Do people typically include their home's value in their net worth? I guess it's net worth not investment account value. I always leave out my house because I'm always going to have to live somewhere. The way I think about it is that it's permanently tied-up capital. It'll be liquidated when my wife and I are dead.

    My van is paid off, so yes.

    Is that the one with no windows?
    @TommySQC's wheel house!
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