Comments on: Net Worth Update – March 2007

By: finance girl

finance girl — Fri, 16 Mar 2007 20:44:24 +0000

I’m not looking forward to doing my balance sheet update next week. It’s always fun when things are going up, but of course no fun when things are going down.

By: Lazy Man

Lazy Man — Fri, 16 Mar 2007 14:50:30 +0000

Shadox, actually the home is now an investment property since my fiancee and I moved across country for large, large, pay raises. So I don’t get the benefit of living in it and we went somewhere in a rush ;-).

I don’t let the fluctuations matter to me, which was the point of the last paragraph. I do like to keep track of the numbers. I figure I can always slice the numbers a different way, like excluding the paper losses. However, I can’t include that data back in, if I don’t track the numbers.

By: broknowrchlatr

broknowrchlatr — Fri, 16 Mar 2007 12:29:15 +0000

Congrats on getting the additional savings. My March net worth won’t be so great. I fee the pain on the home devaluation and stock market hit and haven’t done the savings you have.

Anyway, here’s to progress.

By: Shadox

Shadox — Fri, 16 Mar 2007 07:49:50 +0000

Just a quick comment: while you can track your paper losses and gains, unless you realize the those gains / losses, they don’t really matter. Why would it be a disasterous month if your house value supposedly went down by $17,000K? It’s your house. Your living in it. AND supposedly you are not going anywhere in a rush.

My point is: don’t let the upswings and downswings in the market get to you. Track them if you wish, but in reality they don’t matter.