As part of doing my taxes every year I do a calculation as to what my current net worth (assets - debts) is so I know how to set my savings goals for the year. Currently I do not include hard assets ...
For net worth, should I value physical property at my cost to replace it, or the amount I could get for selling it?
I recently was a good little consumer and picked up a relatively expensive set of new home furnishings, some furniture, a TV, some other electronics ... items of that nature (don't worry, been ...
How does Mark Zuckerberg earn his money from Facebook? He is worth $17.5 billion now, but the total funding for Facebook is only $2.4 billion? I don't understand this. Is this the money Facebook ...
Is there a website resource that gives suggestions for how much savings or net worth I should have at any given age, based on my education level and salary? I'm in my 30s, have no debt, and have been ...
Seems obvious, but if someone says, "He made his first million before 25" does it mean you have paid taxes on a million dollars by the age 25? Or does it mean you have right now $1,000,000 in cash / ...
More specifically, what is the single metric you would use to monitor personal wealth?
I've thinking about buying a house, and how that would affect my net worth. It seems to me that if out of pocket + debt = value then the transaction shouldn't affect my net worth in the short term. ...
I'm interested in tracking my net worth as a way of measuring progress and I'd like to include home equity in my net worth. How are you tracking home equity? Are you using purchase price? Average ...