On: Why a Six-Figure Salary No Longer Means You’re Rich

[humanrebar]

If you own a family home in some neighborhoods, you have a million dollar net worth. Even if you inherited it from your folks and minimum wage goes to property taxes instead of rent.

Granted, you could sell the home and join the regular rat race with everyone else, but what's the point of being frugal if you can't leave the surplus to your kids?

[umeshunni → humanrebar]

Most net worth calculators (e.g. to be an accredited investor) exclude the equity in your primary residence.

[smackfu → umeshunni]

Which doesn't exactly make a ton of sense, unless you are trying to restrict to liquid assets.