Comments on: How to Figure Out Your Net Worth

By: jay

jay — Thu, 01 Jan 1970 00:00:00 +0000

this post was very good and very informative. If you are looking to do any advertising for your site check out Finance Trail

By: Jon Kepler

Jon Kepler — Thu, 01 Jan 1970 00:00:00 +0000

Two things. First, business owners can and should include the value of their business. Also, acquiring assets that pay you more than you pay on the loan you took out to buy them IS smart, which is a little different than what you said at the end of the article. Of course, funding consumerism with debt isn’t great, but I don’t think that’s what you were trying to say.

By: Jonathan @ MYC

Jonathan @ MYC — Thu, 01 Jan 1970 00:00:00 +0000

Thanks for the replies, guys – glad you found this post useful

PT – I’ve been looking at Mint for a while. Having to hand over my online banking username and password really turned me off though.

By: RC@ThinkYourWayToWealth

RC@ThinkYourWayToWealth — Thu, 01 Jan 1970 00:00:00 +0000

@PT- Will keep an eye out for your review- I have not used Mint yet but am planning on it.

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

I just started an account with Mint and I’m slowly adding all my accounts in (takes a while). It’s definitely easy on the eyes. I may do a review soon.

By: PennyScraper

PennyScraper — Thu, 01 Jan 1970 00:00:00 +0000

I use mint.com to keep track of my net worth and also helps in monitoring my many accounts!You guys should check it out!

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

@ JFunk – Thanks for stopping by and commenting. I’m in the same boat as you: still have one car note that’s bugging me. And I think everyone’s NW has taken a big hit since stocks have been down so much. They’ll be back though. Thank again for stopping in and saying hi.

By: JFunk

JFunk — Thu, 01 Jan 1970 00:00:00 +0000

Mine’s in the negative with plenty of zeroes on it, which is why we’re focused on paying off our debt. Credit cards are gone, one car down one to go, and those student loans on a 30-year note – we want to get those done in 6. It’s a long process but it will be worth it in the end.

Nice blog PT – glad I found it!

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

I definitely err on the side of too conservative a well. Two reasons I like to know my net worth: 1. Have a better understanding of our finances. 2. Have a metric to attached to a goal.

By: Kacie

Kacie — Thu, 01 Jan 1970 00:00:00 +0000

I prefer to keep my net worth calculations mostly liquid. I base it on our cash, retirement accounts, and debt.

We owe $8,300 on our car, and KBB says maybe it’s worth $9k, but unless someone gives me $9k for it, I’m only considering it a liability at this point.

My possessions don’t amount to much. Maybe I could get a f ew thousand if I sold EVERYTHING at a sale. But, that money only depends on if I actually sell everything for a decent price.

So yeah, for me, it makes me more comfortable to just keep it to the figures I can count on, more or less (except for the 401k…yikes!)