re: Are you in the 1% club?

quote:

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I honestly think it's dumb, form a real-life standpoint, to include a house in your net.

If I have a mortgage free house worth 750, but no other savings, what do I really have?

You have to live somewhere.

Also, people tend to overvalue cars and personal belongings a great deal.

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You have a lot more than someone who rents and has no other savings?

Home should absolutely be included in net worth.