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Here are some awesome apps for investment:-
1.Groww
All in one app- investment in Mutual funds,stocks,IPO,FD,Gold.
Link:- https://app.groww.in/v3cO/61bcf14
2. Cred
For managing all credit cards at one place. Think as someone is paying you for your credit card bills.
Link:- https://app.cred.club/spQx/ce090339
3.INDMoney
Invest in foreign stocks and efts. As you need to diversify your portfolio.
Link:-https://indmoney.onelink.me/RmHC/9cb8da54
4.WazirX
Its my favourite for crypto investments.
Link:-https://wazirx.com/invite/j9kk5ted
5.12%club
For parking your emergency funds and getting 12% p.a is exceptionally good.
Link:-https://twelveclub.onelink.me/2Cmd/25922c
Never put all eggs in one basket.
Thoughts on moving to Calgary for cheap housing?
Are you going to invest in Navi's Index fund ?
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I recommend using Empower (personal capital). At the most simple form, it is assets - liabilities.
Your home value is an asset and your mortgage is a liability. The difference is your equity. Other than the mortgage, I donât have any debt. Some people might add student loans, credit card debt, etc.
The primary residence was my main question. I donât have side RE. Thanks.
Subject Expert
What you own minus what you owe
Mentor
Net worth includes your home equity.
However itâs also good to look at your investments on their own separately to calculate the â4%â rule.
Of course having significant equity will mean you will have lower expenses in retirement (no rent, few/no mortgage payments)
For my own goals, I personally only count liquid assets and investments. I donât include basic retirement or my own housing.
+1 Empower. It doesnât always sync all accounts but I find itâs healthier if I only check periodically to make sure Iâm on track with my financial goals.
Coach
There are basically 2 calculations you can use:
- do the basic assets - liabilities calculation, including your primary residence. This is good to be able to tell people youâre a MOP (millionaire on paper)
- same calculation, but donât include your primary residence. This is how the government calculates your net worth if youâre looking to become an accredited investor (there are other âtestsâ, but this is the NW test). This also represents what you could tap into relatively easily for investment purposes since most people arenât willing to sell their house just to extract equity out of it.
Coach
Whatâs the purpose of calculating your net worth? Bragging rights? Include it. Investment purposes? Donât include it.
We include our house but at a conservative estimate, then less 10% for closing costs/moving expenses. I also only update the value annually.
I used to have it linked to Zillow but that fluctuated too much and was distracting.
+1 to using empower. I manually add my housing and use the money guy philosophy for the value of my home.
The lower of my purchase price and approximate resell value. I haven't changed the "value" of the house in recent years due to the run up.
Include all things you currently own that are material, and subtract all debt (even if barely material). For me and my financial situation, I include my homes and investment accounts but not my cars or other personal property as my assets minus any and all debt.