Comments on: How Meaningful is Net Worth? http://tightfistedmiser.com/2008/05/12/how-meaningful-is-net-worth/ Extreme Frugality - How to Live Well on Very Little Thu, 09 Feb 2012 04:12:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Moneymonk http://tightfistedmiser.com/2008/05/12/how-meaningful-is-net-worth/comment-page-1/#comment-16478 Moneymonk Tue, 13 May 2008 21:35:54 +0000 http://tightfistedmiser.com/?p=329#comment-16478 I didn't start tracking my net worth until I got stable with a nice paying job, in college I felt it made no sense because I was more interested in cash flow I didn’t start tracking my net worth until I got stable with a nice paying job, in college I felt it made no sense because I was more interested in cash flow

]]> By: Tight Fisted Miser http://tightfistedmiser.com/2008/05/12/how-meaningful-is-net-worth/comment-page-1/#comment-16471 Tight Fisted Miser Tue, 13 May 2008 17:26:44 +0000 http://tightfistedmiser.com/?p=329#comment-16471 mapgirl- I do plan to start tracking my net worth once I finish school. Right now it doesn't help though because even though I save money,I take out more in loans. SP- You're correct. It is better for tracking personal progress. mapgirl- I do plan to start tracking my net worth once I finish school. Right now it doesn’t help though because even though I save money,I take out more in loans.

SP- You’re correct. It is better for tracking personal progress.

]]> By: SP http://tightfistedmiser.com/2008/05/12/how-meaningful-is-net-worth/comment-page-1/#comment-16470 SP Tue, 13 May 2008 16:08:38 +0000 http://tightfistedmiser.com/?p=329#comment-16470 I don't think most people think it is so meaningful. It is just a good and easy way to track your personal progress. It falls apart when you start comparing to other people's "net worth" because of the issues you mentioned. I don’t think most people think it is so meaningful. It is just a good and easy way to track your personal progress. It falls apart when you start comparing to other people’s “net worth” because of the issues you mentioned.

]]> By: mapgirl http://tightfistedmiser.com/2008/05/12/how-meaningful-is-net-worth/comment-page-1/#comment-16468 mapgirl Tue, 13 May 2008 02:10:58 +0000 http://tightfistedmiser.com/?p=329#comment-16468 You know, as you climb out of the hole of negative net worth, you'll see that net worth is valuable to track. Sure it's -$65K, but as it shrinks and approaches $0 and then grows, it's nice to be able to see how far you've come. Now is it worthwhile to measure it monthly? Maybe not. Perhaps you'll get more value out of measuring it quarterly or yearly. Student loans take a while to repay, but it's worth measuring your net worth so you can see the light at the end of the tunnel as it approaches. You know, as you climb out of the hole of negative net worth, you’ll see that net worth is valuable to track. Sure it’s -$65K, but as it shrinks and approaches $0 and then grows, it’s nice to be able to see how far you’ve come.

Now is it worthwhile to measure it monthly? Maybe not. Perhaps you’ll get more value out of measuring it quarterly or yearly.

Student loans take a while to repay, but it’s worth measuring your net worth so you can see the light at the end of the tunnel as it approaches.

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