This is an interesting point - I know new cars depreciate in value super quickly, but would you not include any car under asset? And why wouldn’t you say that property is an asset?
Yes, but what’s the manual input you’re referring to?
This is an extract but I’d recommend reading the book.
For most people houses are debatable as a asset as they are a liability with the potential for capital gains. Unless you rent a room/Airbnb etc.
“But in the real world where you need money in your pocket to survive, if you have a house, paid for or not, that you live in, then it really isn’t an asset. Instead of putting money in your pocket, it takes money out of your pocket in the form of a mortgage, utility payments, taxes, maintenance, and more. That is the simple definition of a liability.” The way most people make money is from selling a house after years of living in it. This is what you call realizing equity. The difference between what you bought your house at and what you can sell it for is appreciation. Often times pay a lot of equity down over many years. This coupled with a modest gain in appreciation can feel like a true windfall. But it is often a small return on the money you put into the house.“
The assets current values.
Oh ok. That bit seems to be a reply to another post. I thought it was a reply to something in one of my posts.
Just read the article and hadn’t really thought about it in that way before - always considered the mortgage and bills etc to be liabilities, but would have said the value of the house was an asset
I guess it just shows that there isn’t one definitive net worth calculation as some people want to include house/ cars/ pensions/ student loans etc whereas others don’t!
My method is to add my (estimated) equity as an asset and the encumbrances as liabilities (in the loans section). Of course, that gives you a very low total net worth if you have something like a 25 year mortgage (if you include the whole mortgage term on the liability side), but it does increase year on year in a more realistic way.
still would really love this feature - any update?
Hey @mwjackson 
These are the things we’re working on releasing asap:
- Previous Pay Periods
- Past Budgets
- Rolling Budgets
- Smart Rules
- Savings Targets
- Turbo Updates
- 2 new Investment Providers
- New transaction screen
- How many years left to $1m net worth?
As soon as these have been released we can look at adding more features 
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We hope a lot of these will be out by the end of the month!
Previous pay periods, past budgets, and the new investment providers are being rolled out now. Rolling budgets and smart rules will be next. Currently designing what the savings targets is going to look like, so don’t think that’ll be much longer either 
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A post was merged into an existing topic: (Most-Wanted 
) integrations
Where is dark mode! Taking so long
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Ahhh we don’t have an update on when dark mode will be released - sorry!
Hey everyone
Just a quick note to say that we’re closing this thread now after a couple of users rightfully highlighted that it’s got pretty long…
We love that you have so many ideas for new features, and we enjoy reading through them all, but I can’t imagine that new people signing up to the community will have the time to read through everything 
All ideas can now be added to the Feedback & Ideas - Emma Community category. (Before adding a new topic please just do a quick search to see if it has already been mentioned )
We can’t currently do votes by topic, but happy for everyone to simply Like the post if they like the sound of the new feature being suggested
Any other ways we can improve the community, just let us know here.
Thanks!!
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