Comments on: How To Calculate Your Net Worth http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/ Simple, applicable personal finance advice for the modern world Sat, 21 Nov 2009 22:03:21 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: rodgerlvu http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-663023 rodgerlvu Fri, 15 May 2009 06:11:04 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-663023 thanks.it is a excellent post,,, thanks.it is a excellent post,,,

]]> By: Schwamie http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-323017 Schwamie Tue, 08 Jul 2008 21:26:26 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-323017 Trent, When calculating net worth would you classify child support that you had to pay as a debt? On a separate note, I stumbled upon this site about three weeks ago and have been reading all of the past posts. This is a great blog for a lot of different items that fall within the realm of personal finance. I look forward to finally reaching the summit (reading all posts to present). Also the links that you have are also an excellent resource for additional/sometimes different information on the same topic giving better/additional solutions. Again, great job and keep posting! Trent,

When calculating net worth would you classify child support that you had to pay as a debt? On a separate note, I stumbled upon this site about three weeks ago and have been reading all of the past posts. This is a great blog for a lot of different items that fall within the realm of personal finance. I look forward to finally reaching the summit (reading all posts to present). Also the links that you have are also an excellent resource for additional/sometimes different information on the same topic giving better/additional solutions. Again, great job and keep posting!

]]> By: Port Stevens http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-284429 Port Stevens Fri, 23 May 2008 04:50:56 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-284429 Hmmm, I think I liked it better when I didn't know how to calculate my net worth ;) Hmmm, I think I liked it better when I didn’t know how to calculate my net worth ;)

]]> By: Jonathan http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-274816 Jonathan Mon, 12 May 2008 16:12:16 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-274816 Listing assets is easy, and most liabilities are obvious, but how do you account for a tax liability on your assets? For example, if you have $500k in a 401(k), that is listed as an asset, but if you liquidated, it would be taxed. How do you account for that cost (or should you)? Listing assets is easy, and most liabilities are obvious, but how do you account for a tax liability on your assets? For example, if you have $500k in a 401(k), that is listed as an asset, but if you liquidated, it would be taxed. How do you account for that cost (or should you)?

]]> By: Mike http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-204262 Mike Thu, 13 Mar 2008 14:10:45 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-204262 Do you include life insurance policies when figuring net worth? And if so, do you put the amount that the policy is for, or do you put in a deprciation amount? Do you include life insurance policies when figuring net worth? And if so, do you put the amount that the policy is for, or do you put in a deprciation amount?

]]> By: Roman http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-170410 Roman Sat, 02 Feb 2008 01:33:56 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-170410 A great article and an even greater site! Too bad I only discovered it today while doing little research for my own article about net worth. The article is great and quite thorough - the only thing it lacks in my opinion is an example which I added in my net worth article at http://mmmoney.org/?p=38 I also agree that a negative net worth is nothing to be embarrassed about. It might even be a good thing to get you motivated! A great article and an even greater site! Too bad I only discovered it today while doing little research for my own article about net worth.
The article is great and quite thorough – the only thing it lacks in my opinion is an example which I added in my net worth article at http://mmmoney.org/?p=38
I also agree that a negative net worth is nothing to be embarrassed about. It might even be a good thing to get you motivated!

]]> By: Sarah http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-83615 Sarah Mon, 08 Oct 2007 12:30:33 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-83615 Hmmm... What about mortgages? do you take how much the house could sell for, and then put in debt how much you owe? for example - i bought my condo at exactly the worst time to buy, and i've paid off maybe the same amount as what i've "lost" (i put that in quotes, because i don't count it as lost until i decide to sell). so would i put this in my debt column, with no assets? Hmmm… What about mortgages? do you take how much the house could sell for, and then put in debt how much you owe?

for example – i bought my condo at exactly the worst time to buy, and i’ve paid off maybe the same amount as what i’ve “lost” (i put that in quotes, because i don’t count it as lost until i decide to sell). so would i put this in my debt column, with no assets?

]]> By: Regis http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-72467 Regis Mon, 17 Sep 2007 15:11:29 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-72467 Hi Max, Yes, you should include investments, savings (and therefore also the 401k) in the net value. It's not because you can't tap into it that it has no value. Hope this helped Hi Max,
Yes, you should include investments, savings (and therefore also the 401k) in the net value. It’s not because you can’t tap into it that it has no value.
Hope this helped

]]> By: max http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-10788 max Thu, 15 Mar 2007 15:56:05 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-10788 re: Angel: I put the Blue Book/NADA value as an Asset, and the remaining loan amount as a debt. It'd be nice if I can figure out a way to automate the changing value, but it's not too much of a hassle to do it manually. re: Angel:
I put the Blue Book/NADA value as an Asset, and the remaining loan amount as a debt. It’d be nice if I can figure out a way to automate the changing value, but it’s not too much of a hassle to do it manually.

]]> By: max http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-10787 max Thu, 15 Mar 2007 15:54:13 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-10787 Do you include your 401K in your NW calculation? It's not really accessible money so I don't know if I want to count it. thanks max Do you include your 401K in your NW calculation? It’s not really accessible money so I don’t know if I want to count it.
thanks
max

]]> By: Angel Castaneda http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/comment-page-1/#comment-10490 Angel Castaneda Tue, 13 Mar 2007 19:15:31 +0000 http://www.thesimpledollar.com/2006/12/30/how-to-calculate-your-net-worth/#comment-10490 What if you have an asset that depreciates as time goes by, such as a car? Would you have to calculate its price every month to give a clear picture of what your net worth actually is? What if you have an asset that depreciates as time goes by, such as a car? Would you have to calculate its price every month to give a clear picture of what your net worth actually is?

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