Share your insights or perspective on the financial matter presented in the input.

For net worth, should I value physical property at my cost to replace it, or the amount I could get for selling it?
My opinion: including the value of depreciating property one owns in a net worth calculation is silly - but could be interesting You don't expect your TV or laptop to gain value.  Instead, you expect them to decrease in value every year until you replace them.  Anything you expect to hold or increase in value (art, a house, etc) is a different story. If you'd like to really get anal about this, you can track your net worth like a business would track its balance sheet.  I'm not going to go into detail, but the general idea is that when you purchase an item, you debit the cost from "cash" and add the value paid to "assets" (so your net worth doesn't change when you make a purchase).   You then depreciate the value of the item under "assets" according to a depreciation schedule.  If you plan on replacing your laptop every three years, you might subtract 33% of the value every year.   This could be an interesting exercise (i.e. even if you make money, your net worth may decrease because of all the depreciating junk you own), but my hunch is that it wouldn't be worth the effort it requires.