Comments on: Net Worth Update: $480,609.75 [Up $17k]

By: C. Fruity

C. Fruity — Mon, 04 May 2015 21:50:54 +0000

I love reading about your net worth. I laughed out loud when you wrote about ignoring the market swings, because really, who needs all that stress and worry anyway? What was your financially free mark again? I looked at the spreadsheet and it looked like it was 2 million. That’s a lot to live off of! Does it have to be that high? I guess it’s also hard to tell when your expenses will change and what they may become so I am assuming you are doing it off of your current expenses.

By: J. Money

J. Money — Fri, 06 Mar 2015 03:27:46 +0000

In reply to Sheryl.

That’s fabulous! And you’ve already got the hardest/scariest part done – the very first reveal! :) In theory it should all be much happier as time goes on, haha…

And yes – everyone has a net worth whether it’s negative or not. But the important thing to keep in mind is that you’re actively *doing something* about it. So congrats on getting all over it :)

By: Sheryl

Sheryl — Thu, 05 Mar 2015 14:50:03 +0000

Wow! JM! Increases are always a great thing. Well done!

Thank you for always inspiring us by posting your own net worth. Before seeing one of your posts I didn’t think I had a “Net Worth” as I thought this was only something multi-milliionaires calculated. Now that I have followed your lead and mapped out my own I enjoy watching it rise! Its still way too low for my age (retirement goals) but Im almost debt free!!!!!!

By: Steve Kobrin

Steve Kobrin — Thu, 05 Mar 2015 14:39:50 +0000

In reply to J. Money. Yes, it does make sense. If I had the money now, I would invest it instead of holding on to it. That Jim Collins article is right on. I especially like his emphasis on adjusting your psychology to the right investment strategy, as opposed to the other way around. Thank you.

By: J. Money

J. Money — Wed, 04 Mar 2015 16:52:39 +0000

In reply to Prudence Debtfree. We're all in different stages, my dear! You shall be here soon enough! :)

By: Prudence Debtfree

Prudence Debtfree — Wed, 04 Mar 2015 04:15:33 +0000

Our month was not quite as great as yours, but it was still good. $2,500 off the business debt, bringing it down to $15,000 (from an original starting point of $80,800). Looking forward to the day when we’ll be more focused on the growth of our investments! Keep enjoying yours : )

By: J. Money

J. Money — Wed, 04 Mar 2015 02:34:17 +0000

In reply to the-recreator. Thanks man! A great hobby to have indeed - I could think of about 900,008 others that could be worse :)

By: J. Money

J. Money — Wed, 04 Mar 2015 02:33:28 +0000

In reply to Jason @ Islands of Investing.

You’re right! This is why the rich keep getting richer – their wealth just multiplies while they sleep ‘cuz of this momentum!!! (well, and other reasons too of course, but it’s def. a factor ;))

By: J. Money

J. Money — Wed, 04 Mar 2015 02:32:08 +0000

In reply to FI Investor.

I’m glad you bring up a “different stage of the journey” as that’s an important thing to keep in mind with this stuff :) We’re all finding our way here at different points in life and at different ages/countries around the world so you can rarely do a fair comparison!

And the $100,000 mark btw is a biggie. I remember it as if it were yesterday, and I feel like things start snowballing a lot more after that point.

https://eliteedgemoney.com/2009/08/net-worth-july-up-18000-more-401k/

By: J. Money

J. Money — Wed, 04 Mar 2015 02:25:23 +0000

In reply to Millionby30. Well done!