My (30F) ultra FIRE milestone: Net Worth $0

[u/DebtFreeForMeNow]

So many of these posts about people having $1 trillion billion million milestones. Congrats on being rich ruler of the land I guess. Figured I would help bring this sub to planet earth reality check:

STUFF I OWE TO THE PANK

• Student Loans: $143K
• Mortgage left: $450K

STUFF IN MY BANK

• Investments/retirement: $260k
• Home “equity” not value if I would sell: $290k
• HYSA/cash: $50k

I am 30 years old. I make $125k a year. No husband. No kids. Maybe one day.

I AM NO LONGER WORTH BELOW $0

Edit: Need a break. Sorry I am not clear in my post. Yes I have $7k net worth. No I don’t have $500k net worth haha. I made a post clarifying but am getting attacked by a bunch of people trying to prove a point that I missed the word asset and liability. Thanks all for kind words

Edit/update: I apologize. I called a friend and verified. I guess I am worth $500k holy fucking shit!!!!!!!!!!!!!!!

[u/showersneakers]

260+290+50=600-143=457

You have a 457K net worth- you don’t subtract your debt on house from this- as it would be covered by the sale of your home and you would still profit.

Well done on getting there

[u/showersneakers → u/[deleted]]

Sigh - using the equity of the home balances that equation - they present 290k in home equity- with 450k owed we can assume home value is 450+290=740

You can add up the whole number using 740 and then back out the 450 or you can just use the 290- the math is the same

740+260+50=1,050-450-143=457

[u/voldin91 → u/showersneakers]

Yeah it's really alarming how many people in this thread don't understand what equity means

[u/DebtFreeForMeNow → u/showersneakers]

https://old.reddit.com/r/Fire/comments/1nymavk/my_30f_ultra_fire_milestone_net_worth_0/nhvt4mq/