Last night, I was going through my things in preparation for the move next weekend when I came across my plate collection.
Just some back story here; I am a HUGE Gone With the Wind fan. I really mean HUGE. I see the entire four hour movie about once every two months or so. I read the 1000 page book once a year- I have it on both paperback and on my iPhone. If I ever won the lottery, the first thing I would do would be buy a first edition from May 1936, which usually go for about $1000 USD, depending on the condition. Yes, I know that much about it that I can name the approximate value. What can I say? It’s a classic! As a result of my obsession, I have 14 Gone With the Wind plates that were bought for me as a high school graduation gift. They’re worth roughly $100 each, for a total of $1400.
Normally when I’ve calculated my net worth, I’ve added my liquid assets and subtracted my liabilities. Done in this way, my net worth is negative. I never add my technology or belongings, because the value just depreciates too quickly. However, I forgot about things like my plates and my jewellery, which is also worth about $2000 altogether. These goods are only going to appreciate in value over the years. When they’re added into my net worth calculations, my net worth actually becomes around $1400.
WOW, what a difference!
The value of these things doesn’t help me in any way because I would never sell any of them, but it’s an interesting question since adding in non-liquid assets magically makes my net worth jump by $3400. It makes me feel a little bit better about myself looking at it that way.
When you calculate your own net worth, do you count your non-liquid assets or not?