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Thread: Net Worth

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    Net Worth

    Does anyone else do a yearly net worth this time of the year? I always put it on my calendar to do it the first week of January every year. From 2008 to 2009 mine took a big hit (mostly 401K) but it bounced back a little this year.



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    Re: Net Worth

    I don't pay much attention to it. Liquid or semi-liquid assets are really the only thing that counts. Possessions, real estate (at least your primary residence) not so much.



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    Re: Net Worth

    I have never done it. It never really mattered to me. I suppose it makes some people feel good to know that they have a lot of money tied up into things. Real Estate investors always get off on this stuff. They like to tell people they have a net worth over a million dollars.


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    Re: Net Worth

    Quote Originally Posted by Knownothing View Post
    I have never done it. It never really mattered to me. I suppose it makes some people feel good to know that they have a lot of money tied up into things. Real Estate investors always get off on this stuff. They like to tell people they have a net worth over a million dollars.

    And then there are majority who just like to see where they stand and where they could improve the next year.



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    Re: Net Worth

    If you got it, flaunt it I say :P



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    Re: Net Worth

    Quote Originally Posted by isuno1fan View Post
    If you got it, flaunt it I say :P
    This gets me arrested.



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    Re: Net Worth

    I read this thread and decided to do it.....I came up with.

    -$12,856.73

    Is that considered good?


    "If you can't hear me, it's because I'm in parentheses."



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    Re: Net Worth

    I do it monthly. I don't do it to brag because my net worth is embarrassing. It started out as a way to track debt and I just added important assets. I don't include any possessions other than the house itself.



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    Re: Net Worth

    Quote Originally Posted by CTAClone View Post
    I read this thread and decided to do it.....I came up with.

    -$12,856.73

    Is that considered good?

    Sounds about right. I may be one dollar better than you.



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    Re: Net Worth

    Quote Originally Posted by CTAClone View Post
    I read this thread and decided to do it.....I came up with.

    -$12,856.73

    Is that considered good?
    No, but did you count your Travian buildings and gold?



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    Re: Net Worth

    Quote Originally Posted by bostinelosd View Post
    And then there are majority who just like to see where they stand and where they could improve the next year.
    yeah, I think its only responsible to have a red/black list. whether you compile it to a net worth is up to you, but everybody should have a listing of their outstanding debt at a minimum.



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    Re: Net Worth

    Quote Originally Posted by 4429 mcc View Post
    This gets me arrested.
    you must not "got it"



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    Re: Net Worth

    Quote Originally Posted by CTAClone View Post
    I read this thread and decided to do it.....I came up with.

    -$12,856.73

    Is that considered good?
    If you are in college, not bad.



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    Re: Net Worth

    Quote Originally Posted by clones_jer View Post
    you must not "got it"
    Oh, I "got it" but "it" starts riots.



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    Re: Net Worth

    My parents made me do it every year from when I was 16 until I was 20 as I had my own operation and they wanted me to understand that stuff. I guess I feel like it was pretty valuable to me in learning how and why to make decent business decisions. I don't do it anymore since I graduated college and am on a fixed income. I guess if you are not self employed and can afford everything you have then I don't think there is much reason to do it unless you feel there is a need to change something.


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