"Next, imagine you have decided to sail around the world and liquidate everything you own, from the high-definition television on the wall to your four-carat diamond ring. You should ballpark everything..."I am sorry but I just don't feel like this is real assessment for my net worth, I don't like to account for my vehicle either. I just feel like its not making me wealthier? I will add my home value one day when we eventually own because we are building equity. A Home can gain value and lose value but a automobile just seems to always decrease in value, it is not a investment.
Thursday, April 16, 2009
So recently I bought a diamond ring for my girlfriend. I have been wondering once we get married do I included it in our net worth? I honestly don't want to because I feel it is not a true value of our net worth. I plan on never selling it and pray that nothing ever comes to that point, but I just don't see counting it unless I someday planned on liquidating it.
I did some research online a see what you should add and found this over at Money & Happiness here is an excerpt from here net worth article
Does anyone else seem to think that I am in the wrong here and that I should be adding up jewelry and auto with my net worth? I am counting my automobile debt, and I am counting the debt for the ring (12 month 0% APR before someone gets made at me).
Please let me know so I can figure this out!
For more information about my net worth click here.