Early Access

:speech_balloon:

Add new Net Worth Calculation that Excludes Primary Residence Equity

Create a new summary calculation that excludes primary residence equity so I can use that for FIRE target numbers. This is because my primary residence is not equity I can tap into for returns as I retire as I have to live somewhere, yet my rental properties can be used for passive income generation or to sell, and rentals are not included in Liquid Net Worth. An alternative solution - add an optional checkbox include rental properties in Liquid Net Worth calculation

Related: moneywithkatie.com/blog/why-i-dont-include-a-primary-residence-in-net-worth-for-financial-independence

10 votes

Tagged as Suggestion

Suggested 19 March 2023 by user Megan

Moved into Early Access 29 October

  • Sign in to comment and vote. Sign in by email

  • 19 March 2023 Megan suggested this task

  • 20 March 2023 Kyle Nolan approved this task

  • avatar
    Leon Roijakkers

    In the Netherlands, rental properties are subject to wealth tax, while your primary residence is excluded.

    In the wealth tax settings, I can choose between “Liquid Net Worth” and “Net Worth”:

    -If I select Liquid Net Worth, I can’t include rental properties in the calculation. -If I select Net Worth, I can include the rental properties, but I can’t exclude the primary residence.

    Having the option to exclude the primary residence from Net Worth, would be solving this issue.

    16 July

  • 29 October api-admin moved this task into Early Access

  • bot avatar
    api-admin

    In v5 Early Access now: Investable Assets measures your portfolio without your home. Mark a rental property as Investable in its Settings to count its equity, and use it in charts and milestones.

    29 October