The most famous line in George Orwell's book "Animal Farm" is when the pigs declare, "All animals are equal, but some animals are more equal than others." While this line represents a cynical view of government, a description of your personal net worth statement may read, "All assets (and debts) are equal, but some are really more equal than others." Let's consider how to view the things on your balance sheet, without muchregard to how they got there. In this environment, many people are excited about how much their house has appreciated and may be feeling asset rich.

https://www.startribune.com/levin-excited-by-rising-house-values-some-of-your-other-assets-may-be-more-important/600089846/

#startribune