• Date Started: Apr 19, 2011
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Net worth ver. 1.0

11 Responses to “Net worth ver. 1.0”

1. laura Says:
   May 5th, 2011 at 07:17 pm 1304623039
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   I have a love-hate relationship with the net worth. I had a very inflated one, prior to the popping of the real estate bubble. Primary residence was valued at $525K at the highest point, and the secondary residence was valued at $330K. With the burst of the bubble, I went to a realistic $350K and $200K. The only consolation with each $1,750 mortgage payment that we make is that the equity is building.
   
   Remember that each payment you make on credit cards and mortgages moves you more toward the positive.

2. MonkeyMama Says:
   May 5th, 2011 at 07:29 pm 1304623749
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   I think being positive puts you ahead of the curve! (Not that it means much to you. Ahead of the curve can be kind of sad, isn't it? In our debt culture?) But I think the fact that your net worth is positive, is great!
   
   Our net worth has struggled recently with the stock market and falling home values. Meaning: lots of savings but no net worth progress for about 3 years? But I think tracking our net worth is still meaningful - and reminds me why I wouldn't put all my eggs in one basket!

3. creditcardfree Says:
   May 5th, 2011 at 07:56 pm 1304625364
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   Yipee!! A positive net worth.

4. crazyliblady Says:
   May 5th, 2011 at 11:39 pm 1304638783
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   I do my networth at www dot networth dot com. You sign up for a free account. You input all your information each month or however often you want to update it and it gives you a graph. It is not tied to bank accounts or anything. It is just you inputting data. I find the graph to be very motivating when I look back over the years at my first graph which really sucked. The only thing I don't like about is that it does not allow you to add extra savings accounts that are separate. I guess you can lump them altogether, but I fudge a little bit and call them stocks or something. You are doing great. You have a positive networth! My networth was much lower in 2008, so there is hope. You can get out of debt.

5. patientsaver Says:
   May 6th, 2011 at 10:43 am 1304678638
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   Check out www.networthiq.com. You can compare your net worth to others in your age range, occupation,etc.

6. mskills Says:
   May 6th, 2011 at 11:58 am 1304683127
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   Thanks for the support everyone. I suppose that the net worth number is nothing more than a benchmark, but the discovery of it being positive is certainly gratifying.
   
   Glancing over networthiq.com, I was initially shocked to find that so many people in my age range were making six figures. Then, I realized that the sort of people that care enough about their net worth to participate with the site would probably make above-average wages.
   
   Thanks for the heads up.

7. Broken Arrow Says:
   May 6th, 2011 at 01:16 pm 1304687794
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   Interesting! HP owns net worth.com.

8. mskills Says:
   May 6th, 2011 at 01:20 pm 1304688015
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   Broken Arrow,
   
   Weird find! Would love to hear the story on how/why HP acquired that domain name.

9. crazyliblady Says:
   June 16th, 2011 at 01:52 am 1308189164
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   I actually downloaded a free spreadsheet from the url below. I find it to be better than networthiq because it allows you to input more types of information and accounts. The disadvantage is you don't get the cute little graph or the ability to compare yourself with others.
   
   www dot vertex42 dot com/Calculators/net-worth dot html

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