Does Land Count Toward Our Net Worth If We’ll Never Sell It?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 5 November 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.8	Kayla is in Mississippi.
0:15.9	Hi, Kayla.
0:16.4	How are you?
0:17.4	Hi, I'm great.
0:18.7	Good.
0:19.0	How can I help?
0:20.1	Okay, well, it's kind of a dispute that my husband and I've had for a really long time, and
0:26.6	he thinks that our house and our land should be included in our net worth, but I don't
0:32.6	because I will never, ever, ever sell my house on my land.
0:36.6	I mean, no matter what happened, I would not do it.
0:39.4	And so he thinks it should be included in that.
0:42.2	And so for that reason, he has a high net worth for us, I mean, really high.
0:47.2	And I don't think it's a high because I would never sell it.
0:51.1	Okay.
0:52.8	Kayla, I'm sorry.
0:53.8	You're wrong. Oh, no. Yeah, so the, I'm sorry, you lose the argument. But here's why, okay? Net worth is not about whether you sell it or not. Net worth is simply what something is worth. The definition of net worth is an accounting function. It's a math thing, not a feeling. Okay? And so, and it's not a wish or an intent. It's not
1:12.9	what you plan to do with it. None of that really matters. They don't ask that question in accounting.
1:16.6	All they want to know is what you own minus what you owe. Assets minus liabilities equals net worth, period.
1:25.3	That's your net worth. Now, you, now you can say, what's my liquidity,
1:29.9	which is your argument, your liquidity is the money that you would cash in or use if something
	...

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