Life By Numbers

July 14th, 2011


(image credit: B Rosen)

Numbers can tell you an awful lot, even if you don’t usually think of yourself as a number-cruncher.

Here’s one way: You’ve heard of net worth. You may even know yours. But have you ever watched your net worth fluctuate over time? It’s a really easy and interesting (really!) way to see how you’re growing (or regressing) as a Possessor of Wealth.

For example, a net worth number that consistently increases is a good sign that you’re doing something right. But even a dip can be instructive. Did the recession wipe out your investment holdings? Maybe it’s time to reconsider your strategy so it doesn’t happen again. (Hint: Try diversification next time.) Did your numbers go down because you spent a lot of money on tuition this year? Watch to see if your net worth increases as a result of your education investment.

We found a cool site called NetworthIQ that helps you track your net worth over time AND snoop on a bunch of other people tracking their net worth. You can compare your progress with others by age, location, education, and job category.

Not that your net worth necessarily reflects your worth as a whole person, but knowing has to be… worth something. Worth.

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