Comments on: Why I Can’t Stand J Money’s Net Worth Updates https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/ Money | Minimalism | Mohawks Mon, 09 Nov 2015 15:59:03 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Dan Gazarek https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7334 Mon, 20 Sep 2010 17:10:43 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7334 “Building your net worth is a game, and money is the scorecard. It sucks that it has to be that way, but life is that way. And, anyone who thinks differently is delusional.”

Love the quote, very profound.

When we read this, we tend to agree and concede its truth, but rarely do we all enact and keep this harsh reality in our minds (with exceptions always). I feel in order to be competitive and successful at this “game” we must keep reminding ourselves of the rules.

Dan Gazarek

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By: J. Money https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7198 Wed, 15 Sep 2010 21:02:28 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7198 Woah, wasn’t trying to get so many compliments! Haha… I actually thought I’d get a little more feistiness outta you guys ;) But I’ll gladly take them, thx!

And huge thanks to Hank for speaking his mind and laying it all out here. I would have never guessed that you (and others) have felt this way – sometimes I just blog from my head and see what happens, so glad it provokes some emotions!

As long as you’re reading this for motivation, that’s great. Def. not worth comparing your situation to mine directly since we’re all in different scenarios and jobs/preferences/etc. Everyone on this blog is *working* towards financial freedom, so pat yourself on the back just for READING about finances online! We may sound dorky to some, but we are rock stars here!!!

Some responses:

@Melissa – YES! keep it up!!! Sometimes you can’t do everything, every time, but you can keep pushing forward and rockin’ it! Very proud of you.
@Kaci – That is a VERY important notion – setting up ways to get that passive income. A lot of people look for the “quick fix” on this, but if you really put in the time and passion and get something up and running that’s sustainable and brings in money as you sleep (although usually you always have to do *something*), you can live way more financially free. I feel like my blogging empire falls into this a little bit, but def. not entirely as if I stop blogging and maintaining eventually the $ will go away…or maybe not? ;) (keep in mind that blogging for me is a hobby though more than it is a money maker – it took me months and years to make pennies)
@Molly On Money – Wow, that’s so interesting! Crazy how diff. lives can lead in extreme directions like that.
@Uncle EL – Love hearing that – esp since it feels like I’m doing much more spending than saving at times ;) Then again, yet another reason to track our overall financial picture every month! Sometimes I’m actually saving more than I think or give myself credit for. Glad it helps motivate you!!
@MoneyMan – Couldn’t have said it better – thanks for sharing this! So true, it’s okay to check out how we’re all doing separately from yourself, but we are all in different boats. Just keep pumping away on your goals and we’ll all reach them at some point!
@myfinancialobjectives – Thanks mate, glad they’re not as all over the place as I sometimes think :) keep paying down that debt! I need to do the same too in the mortgage department, we all have our problems to work out.
@Jenna – Thanks for reading and always commenting Jenna :)
@momcents – Home values are very frustrating, I agree. Mine’s not as perfect or definite as I’d like (nothing is ever that way until the day of contract signing), but at least educated guesses give you something to keep track of. We may not be able to control these numbers in particular, but we sure can all the others! (savings, investments, debt, etc etc)
@Jenna #2 – This makes me so happy hearing people DOING something about their finances cuz of this blog! thank you so very much for sharing :)
@Briana @ GBR – We all want to be on someone else’s level, even me ;) But it’s def. nice having goals and people to look up to a bit so we can get pushed toward the right direction. Glad I add value in this world! haha…
@Hank – Haha, thanks again bud. We’re all a community here, so holler any time!
@Financial Samurai – True, but also kinda not. I think people could def. hate on those with extreme net worths like that, but at the same time THOSE are the people I’d like to read about and try and follow so I can get to that point too. So I guess it can go both ways. And I’m fairly confident you are in this category of high net worths mr, and look how well you’re doing! ;) (you don’t have to list your net worth for people to know you’re on the right track, keep rockin’ it bro – you are killing it)
@Steve – Haha… it’s kinda comforting at least ;)

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By: Steve https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7150 Tue, 14 Sep 2010 11:04:15 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7150 I was glad to see that for my age and salary that i was ahead of the CNN Money Net Worth calculator. Perhaps I can sleep easier at night….I THINK NOT!

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By: Financial Samurai https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7147 Tue, 14 Sep 2010 02:38:03 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7147 I think this is an important reason why so many of us PF bloggers DON’T highlight our net worths. If you’re somewhat annoyed with J’s net worth, can you imagine how annoyed you would be seeing a 28 year old net worth at $1 million+ and saying, +$25,000 in August etc?

This is why I think it’s very important if you have a high income & net worth to remain hidden and let others highlight their figures to the world.

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By: Hank https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7145 Tue, 14 Sep 2010 02:21:03 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7145 J,

You’re my benchmark! Thanks for the motivation and for letting me “borrow” your readers today. I’m glad everyone didn’t hate the guest post as much as I thought they would. I forgot that everyone just wants to sing your praises….me too most of the time. Just not on the first of the month when you publish your latest and greatest net worth updates. Thanks again…

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By: Briana @ GBR https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7142 Mon, 13 Sep 2010 20:45:28 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7142 J Money you’re definitely someone to look up to as far as finances. I can understand where Hank is coming from; it’s sort of depressing know some of us aren’t in a similar situation, but you DO motivate us to get to the point where WE will want to share out net worth with the world too. Right now, I’m a little embarrassed to admit it to everyone, but I hope many more of us can be on your level :)

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By: Jenna #2 https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7140 Mon, 13 Sep 2010 18:19:52 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7140 I started tracking my net worth thanks to J$. It’s been really interesting to watch how it changes and see how it grows (slowly) over time! Just another motivator to pay off those darn student loans…

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By: momcents https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7138 Mon, 13 Sep 2010 16:23:04 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7138 J Money definitely inspired me to keep track of my net worth on my own. I had been trusting Mint to do it for me, but I found that tracking it myself in Excel made it somehow seem more real to me. I think my family is on a 4 year plan to get my husband’s 401k maxed out, but we’re at least receiving the maximum company match.

The thing I envy in J Money’s net worth updates is having a clear, set value for his home. I’ve been relying on Zillow and believe when I say it’s giving me a headache.

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By: Jenna https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7137 Mon, 13 Sep 2010 16:12:49 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7137 Great guest post! And thanks for being such a great motivator J Money!

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By: myfinancialobjectives https://eliteedgemoney.com/why-i-cant-stand-j-moneys-net-worth-updates/#comment-7136 Mon, 13 Sep 2010 15:29:15 +0000 https://staging.eliteedgemoney.com/?p=3051#comment-7136 J Money really is killing it is he not! I would LOVE to have net worth increases like he has. I agree with you that it certinly does motivate me. Unfortunetly for me, right now the biggest way I can increase my net worth is by paying down debt. I’m looking forward to teh day when extra $ can be put towards savings! I also like his net worth updates because they are clear and conscice, with good explanations. I really appreciate content like that!

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