Just wondering: I don't count property (physical assets / coin collection) just liquid assets. Should I count both?
This has been a topic of debate for some time now. Personally, I just include investible assets (stocks, mutual funds, IRAs, 401ks, checking/savings, savings bonds, etc). Trying to factor in the value of the house, cars, and other stuff just seems messy. And while yes, a house, car, furniture, etc, does have some value, it's not something you can quickly sell to tap that value. And, if you sell your house, well, you still gotta live somewhere. So you're either going to buy another house or rent, so there's still going to be some cost involved to offset the cash infusion from selling. Sell your car, and you're either going to buy another, depend on public transportation, or bum rides off of people, so it's sort of the same situation.
Now, if you're downsizing, say, selling a second home, extra car, etc, that might be different. But still, I'm not going to count on that value until it's been cashed in, and in my account.