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No More Figures in Net Worth Posts
Posted By Jim On 01/24/2007 @ 6:26 pm In Monthly Review | 36 Comments
I’ve decided to stop divulging hard numbers in my “Net Worth” series of posts where I publicly track our progress towards financial prosperity. The reason why I started the series was because other personal finance bloggers were putting their net worths out there and I felt like it was the cool thing to do – and it was. Had I not been so public I wouldn’t have had the honor of appearing in the New York Times , quite possibly the coolest thing that has happened since starting this blog, but I feel that the usefulness and “cool” factor of posting a net worth has been exhausted.
If you’re struggling through debt, posting the amount of debt you have gives you motivation to work harder at paying it off. As you pay, you watch that number shrink. As you pay, your readers celebrate your one step closer to debt freedom. But who celebrates when Random Joe Blogger adds another X% to his net worth? I know I don’t really care and I’m pretty sure no one else really cares either.
What people care about are the things you did, not the amount you saved, and so my monthly personal finance updates will now focus on any personal finance related decisions I’ve made in the last month and not on the dollar amounts. Do you think it is a mistake? Do you welcome this change? Do you not really care? Please share your thoughts!
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