Comments on: Dec 2007 Net Worth Update (+2.35%)

By: isabelle

isabelle — Sun, 13 Jan 2008 18:58:42 +0000

The breakdown gives it meaning. It shows us how you deal with setbacks or life situations in general. A number o it’s own would be of limited interest to me.

By: Quick Lunar Cop

Quick Lunar Cop — Wed, 02 Jan 2008 20:41:36 +0000

Maybe it’s a bit “voyeuristic”, but I like to see the the dollar figures in addition to the percentages. Somehow, a percentage without a dollar figure doesn’t seem as real to me.

By: James

James — Wed, 02 Jan 2008 04:48:03 +0000

FT, I like the dollars and percents. It is inspiring as mentioned above.

Even though the insurance is a prepaid expense can it not only become a true asset if the insurance is paid out. I see the insurance payment as just a bill like any other. I wouldn’t list my phone bill because it is not an investment or a debt. This bill is just cash flowing through your hands. Here today and gone tomorrow.

By: Joshua

Joshua — Wed, 02 Jan 2008 04:00:10 +0000

I love the numbers – please don’t remove them!

By: Millionaire Money Habits

Millionaire Money Habits — Tue, 01 Jan 2008 20:46:15 +0000

I like the numbers as well. It is interesting to see what investment vehicles you use and how you allocate between them.

I enjoy the posts.

By: Gary Lauria

Gary Lauria — Tue, 01 Jan 2008 16:54:31 +0000

Keep the numbers. It makes it interesting to see the actual changes in growth.
Happy New Year

By: FrugalTrader

FrugalTrader — Tue, 01 Jan 2008 03:05:46 +0000

Hey Q, you are right, the insurance is a prepaid expense, I don’t know why I didn’t see it like that before. Perhaps I should be adding it to my assets?

Also, due to the comments here, I will keep the actual numbers in my net worth updates.

By: Q Cash

Q Cash — Tue, 01 Jan 2008 00:07:11 +0000

In actual fact, your insurance is a prepaid expense and is an asset that declines each month.

:-)

I actually like seeing numbers, FT, but it is totally up to you and what you feel comfortable with sharing.

Have a super Happy New Year

By: CanadianDollars

CanadianDollars — Mon, 31 Dec 2007 20:24:39 +0000

Agree with everyone else on here. Keep all the numbers. I like seeing them. Your Net Worth Update is inspiring for those of us that keep track and update our own Net Worths. I’ll try to do so with some more regularity on my blog.

All the best! Happy new year FT!

CanadianDollars

By: David Cox

David Cox — Mon, 31 Dec 2007 15:50:48 +0000

Keep the numbers.

While just as much info would be conveyed by simple percentages, many want to view your progress over time. Also, for people like me starting out, I’ve found it interesting to look back at your networth postings in the past…it helps to show that if you keep your nost to the grindstone, you can get some serious bank and serious progress.

Million Dollar Journey, not Percentage Networth Increase Journey :)

By: moneygardener

moneygardener — Mon, 31 Dec 2007 15:21:25 +0000

I agree that the insurance should come off and I like seeing all of the numbers as well.

Happy New Year!

By: Gean Oliveira

Gean Oliveira — Mon, 31 Dec 2007 14:44:58 +0000

I’d rather stay as it is. I think it is interesting to use dollars and percent.

Happy New Year and thank you for your posts!

By: FourPillars

FourPillars — Mon, 31 Dec 2007 14:26:09 +0000

I think having more information makes the post more interesting. In other words – keep the dollar figures.

Besides – the name of the blog is million $$ journey – we want to know when you hit a million.

Mike

By: FrugalTrader

FrugalTrader — Mon, 31 Dec 2007 13:30:48 +0000

FB, good points. I think you are right, i’m going to remove the insurance for my first net worth update in the new year. Thanks for the input.

By: The Financial Blogger

The Financial Blogger — Mon, 31 Dec 2007 12:38:29 +0000

I like your net worth update and it is interesting to look at it in numbers and percentages.

In regards to the insurance, I really think you should take it off. It is true that the insurance is an important expense but as you don’t count your future income in your net worth, you should not count your future expenses either.

Your net worth is supposed to be a picture of your financial situation at a determined point in time. Today, you don’t owe $1,800 in insurance, you will just have to pay for it in the future.