tag:blogger.com,1999:blog-8554669300211186451.post5505162402495926342..comments2023-11-03T07:15:30.936-06:00Comments on A Canadian and Her Money: Net Worth and Housingthe money divahttp://www.blogger.com/profile/02728722430433817334noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8554669300211186451.post-23020253046006744992007-04-18T10:18:00.000-06:002007-04-18T10:18:00.000-06:00Net worth = assets - liabilities.A house is an ass...Net worth = assets - liabilities.<BR/><BR/>A house is an asset, so it definitely belongs in a net worth statement.<BR/><BR/>It shouldn't count in an investment portfolio because a primary purpose of a house is shelter, not returns. Everyone should track both their net worth and investment portfolio.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8554669300211186451.post-18109594156096938162007-04-18T10:09:00.000-06:002007-04-18T10:09:00.000-06:00My philosohy was always to include our home in our...My philosohy was always to include our home in our net worth. <BR/><BR/>To achieve financial independence I guess it comes down to owning a home free and clear or having sufficient monthly income to pay for a place to live. <BR/><BR/>I also recall, that during the early stages of accumulation, it was nice to know that our networth was growing each year.Canadian Moneyhttps://www.blogger.com/profile/17431816235387089968noreply@blogger.comtag:blogger.com,1999:blog-8554669300211186451.post-5037203453850700642007-04-18T05:25:00.000-06:002007-04-18T05:25:00.000-06:00Hey Diva, I think you are right, you should inclu...Hey Diva, I think you are right, you should include your principle residence in your net worth. Some people feel that net worth should only be counted as assets that produces income - liabilities. In my opinion, net worth is simply assets - liabilities.<BR/><BR/>FTAnonymousnoreply@blogger.com