YTD 2025 Networth tracking thread

[highsulphur]

Technically they ought to be part of your total networth if you can sell them for money. Whether they add a substantial amount of value to your total networth is another matter, for example a billionaire with a 20k watch collection is going to ignore the value of his watch collection, but that doesnt mean his networth shouldnt include the value of his watch collection.

yes technically but if we are going to include everything (literally everything like hobbies, car, bicycle, TV, phones, laptops), kind of defeats the purpose of the whole exercise, at least for me. The key purpose of determining my net worth (or sub set of it) is the assign a reasonable rate of return so that I can determine if I can retire based on those returns.

 

[Mephist0pheLes]

No I did not come up with with a different definition of total networth. Where is my new definition for total networth?
As I said, my point is total networth can be subjective. You are trying to be more nuanced here. OK if it makes you happy. Total networth value can be subjective is this OK for you. Why pple can be comfortable with subjective total networth value but so anal about subjective liquid networth definition. It's a bit subjective but really not rocket science really. Clarifying questions can be asked, just like questions can be asked to clarify total networth.

total net worth is a definition, it is not subjective. your example of trump shows that the valuation in calculating networth may be subjective.

 

[yslvlys]

Also intangibles only matter for businesses, there is no such thing as intangible networth for individuals, unless you want to go down the rabbit hole of including stuff like social capital (impossible to quantify in monetary terms), we are talking about individual tangible networth here, and that is 100% well defined, its not subjective at all.

FYI Donald Trump is an individual.

 

[yslvlys]

total net worth is a definition, it is not subjective. your example of trump shows that the valuation in calculating networth may be subjective.

That's how you string your words. My context when I say total networth I am referring to both it's definition and valuation. As long as one of them is subjective, total networth is subjective. I already explained. When pple say "My total networth is $XX", they are talking about valuation not definition. That is not wrong right.

 

[Mephist0pheLes]

That's how you string your words. My context when I say total networth I am referring to both it's definition and valuation. As long as one of them is subjective, total networth is subjective. I already explained. When pple say "My total networth is $XX", they are talking about valuation not definition.

$XX is the valuation, "total networth" is the definition. they are not the same.

 

[highsulphur]

Wanna weigh in?

 

[yslvlys]

$XX is the valuation, "total networth" is the definition. they are not the same.

You mean a person cannot say "My total networth is $XX"? Must only say "My total networth valuation is $XX."? I already explained when I say "total networth" I am referring to both it's definition and valuation. And my key point is why pple can accept subjective total networth (value) but so anal about liquid networth definition, even when the poster sets out what it includes.

 

[Mephist0pheLes]

You mean a person cannot say "My total networth is $XX"? Must only say "My total networth valuation is $XX."? I already explained when I say "total networth" I am referring to both it's definition and valuation. And my key point is why pple can accept subjective total networth (value) but so anal about liquid networth definition, even when the poster sets out what it includes.

if they are the same, will you say "My total networth is total networth"?

 

[highsulphur]

Nah, bro, I am good

i think i will tap out too

 

[yslvlys]

if they are the same, will you say "My total networth is total networth"?

Huh since when I said they are the same? I already explained several times, when I say total networth, I am referring to 2 different aspects of the term, the definition and valuation. I use one word to refer to 2 different aspects understand?
When pple say "My networth is $XX", "networth" refers to valuation. When pple say "networth is assets minus liabilities", "networth" means definition. Same term can be used to mean different aspects of the term, understand?

 

[d9_lives]

Ikr.
How about you good sir?
What is net worth? How will you answer?

 

[limster]

I already mentioned earlier in this thread:

Capgemini's World Weath Report defines High Net Worth as $1m investible assets, and excludes value of your residence, similar definition can be found in investopedia: https://www.investopedia.com/terms/h/hnwi.asp

Knight Frank Wealth report defines High Net Worth to include value of residence (they are a property company after all).

There are some who think there is only one right answer, either Capgemini is right or Knight Frank is right, the other must be wrong.

My world is not black and white. My view is both are free to use which definition they choose, as long as they make it clear. I really don't get this 'I am right, therefore you must be wrong' mindset.

So if someone has set themselves a target of achieving VHNW status (it really is up to them), they are free to measure their investible assets only and exclude their residence value.

 

[Mephist0pheLes]

Huh since when I said they are the same? I already explained several times, when I say total networth, I am referring to 2 different aspects of the term, the definition and valuation. I use one word to refer to 2 different aspects understand?
When pple say "My networth is $XX", "networth" refers to valuation. When pple say "networth is assets minus liabilities", "networth" means definition. Same term can be used to mean different aspects of the term, understand?

Good, now we established definitin and valuation are different. So how does valuation being subjective implies the definition is subjective?

 

[yslvlys]

Good, now we established definitin and valuation are different. So how does valuation being subjective implies the definition is subjective?

When did I say valuation implies definition is subjective? When I say the term "total networth" is subjective, I am referring to both different aspects using 1 single term. As long as 1 aspect is subjective, "total networth" is subjective. And I am referring to the valuation here. And this is actually not the key point. I was leading on to why people can accept subjectiveness of total networth value, but anal about subjectiveness of liquid networth definition, even when it is clarified. Both are subjective topics.

 

[Mephist0pheLes]

That's how you string your words. My context when I say total networth I am referring to both it's definition and valuation. As long as one of them is subjective, total networth is subjective. I already explained. When pple say "My total networth is $XX", they are talking about valuation not definition. That is not wrong right.

Here?

 

[yslvlys]

Here?

Yes, it shows the same word can be used to mean different things. Does it say valuation subjective implies definition subjective? When I say total networth is subjective, it can mean the definition and / or the valuation. U asked and I clarified what I meant. Not sure what you are trying to do here.

 

[little pupsky]

Yes, it shows the same word can be used to mean different things. Does it say valuation subjective implies definition subjective? When I say total networth is subjective, it can mean the definition and / or the valuation. U asked and I clarified what I meant. Not sure what you are trying to do here.

I really admire your patience.

 

[little pupsky]

Imagine if BBCW were to enter the ring.

 

[SpeedingBullet]

As long as it's not an egregious way of calculating, it's extremely subjective.

For myself and in my opinion, the way private banks determine net worth is the way to go: liquid assets only. No CPF, no property - though the latter is subjective if say you have >2 properties, the bank might make an exception

 

[kickass22]

You guys are way too free .....

Choose whatever definition that fits you to measure what you want to measure.

If you want to compare across, just declare your definition, so people understand you definition and make up of the assets.

The End.