Comments on: How to Calculate Your Net Worth http://www.consumerismcommentary.com/how-to-calculate-your-net-worth/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Christopher Smith http://www.consumerismcommentary.com/how-to-calculate-your-net-worth/comment-page-1/#comment-104536 Christopher Smith Sun, 27 May 2007 19:04:49 +0000 http://www.consumerismcommentary.com/2007/05/24/how-to-calculate-your-net-worth/#comment-104536 Including the value of your house in the net worth calculation might skew the results - sure the value of your own home has gone up, but you gotta live somewhere. The value you've gained in property appreciation will be roughly offset by the price you'd have to pay for a new house if you were to sell. You do, however, want to include the equity that you accumulate in investment properties. As Sun points out it can be tricky to get an "accurate" number, but remember this calculation is for you, so no point in cheating. Including the value of your house in the net worth calculation might skew the results – sure the value of your own home has gone up, but you gotta live somewhere. The value you’ve gained in property appreciation will be roughly offset by the price you’d have to pay for a new house if you were to sell.

You do, however, want to include the equity that you accumulate in investment properties. As Sun points out it can be tricky to get an “accurate” number, but remember this calculation is for you, so no point in cheating.

]]> By: Sun http://www.consumerismcommentary.com/how-to-calculate-your-net-worth/comment-page-1/#comment-103938 Sun Fri, 25 May 2007 20:40:41 +0000 http://www.consumerismcommentary.com/2007/05/24/how-to-calculate-your-net-worth/#comment-103938 I do the calculation to see how much progress I have made in the past month, though I may not do anything differently from month to month. It helps me get motived. As for the calculation itself, I usually don't include any item related to housing, neither as assets nor as liability. It's just very difficult to get an accurate estimate of the market value. I feel including it will skew the number. I do the calculation to see how much progress I have made in the past month, though I may not do anything differently from month to month. It helps me get motived.

As for the calculation itself, I usually don’t include any item related to housing, neither as assets nor as liability. It’s just very difficult to get an accurate estimate of the market value. I feel including it will skew the number.

]]> By: Jonathan http://www.consumerismcommentary.com/how-to-calculate-your-net-worth/comment-page-1/#comment-103854 Jonathan Fri, 25 May 2007 15:11:40 +0000 http://www.consumerismcommentary.com/2007/05/24/how-to-calculate-your-net-worth/#comment-103854 Good overview of the motivation for tracking net worth. It is for personal goal setting, not a means to tout one's value--which of course, has nothing to do with money. Thanks Good overview of the motivation for tracking net worth. It is for personal goal setting, not a means to tout one’s value–which of course, has nothing to do with money.

Thanks

]]> By: Flexo http://www.consumerismcommentary.com/how-to-calculate-your-net-worth/comment-page-1/#comment-103754 Flexo Fri, 25 May 2007 03:33:14 +0000 http://www.consumerismcommentary.com/2007/05/24/how-to-calculate-your-net-worth/#comment-103754 Chris: Thanks for pointing that out! Chris: Thanks for pointing that out!

]]> By: Chris http://www.consumerismcommentary.com/how-to-calculate-your-net-worth/comment-page-1/#comment-103548 Chris Thu, 24 May 2007 16:19:23 +0000 http://www.consumerismcommentary.com/2007/05/24/how-to-calculate-your-net-worth/#comment-103548 There is also an excel template from Microsoft.com that can help you get started calculating your net worth. There is also an excel template from Microsoft.com that can help you get started calculating your net worth.

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