Anonymous
What should be included as part of assets in calculating net worth? Should you include your house which you are staying in?
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Andy Sim
25 Feb 2020
HR Professional at a Financial Institution
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A house is an asset, while your mortgage is a liability. You should include it since it can potentially affect your net worth when you gain or lose from the sale.
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Rais M
25 Feb 2020
Accountant at SME
Yes. House in included. Anything that you own, from cash, investments, etc
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Yes, your house should be counted as part of your net worth.
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Yes, should be included....
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Yep your house is an asset but your mortgages are considered liabilities