![]() Almost 200 of them have voluntarily submitted their net worth to Rockstar Finance’s Ultimate List of Blogger Net Worth. Hundreds of them frequently share their personal financial information online. The personal finance community is a peculiarly transparent bunch of individuals, at least in comparison with the average Joe. So why don’t we take a moment to discuss? The Ultimate List of Blogger Net Worth While we all know we should really only be concerned with ourselves, what we really want to know is where everyone else is at. If it increased or decreased, you can investigate why and take the appropriate action. Comparing your net worth today to yesterday’s will tell you if you are heading in the right direction. The most effective way to use net worth is to track your own progress. If you were to sell off your assets and pay off your debts, whatever is left over would be equivalent to your net worth. Liabilities are essentially your debts-and mortgages, credit card debts, or home equity lines. Non-liquid assets include things like your home, real estate, business investments basically, things that can’t generally be converted to cash overnight. Liquid assets include cash, savings accounts, retirement accounts, taxable investment accounts these can be converted to cash quickly. Assets can be broken out into two types: Liquid and non-liquid. While some measure success by income, the preferred yardstick of choice is typically net worth. In general, your net worth is equal to all of your assets minus your liabilities. It is a snapshot of your total wealth at a given moment in time. Net worth is a relatively simple concept. It will tell you if you’re on track to have enough to provide you with the type of lifestyle you want for the rest of your life. Determining your net worth is the first step to figuring out where you’re headed and how you are going to get there. Knowing where you fall does not have to be a mystery. You’ve eyed their new sports cars and tried to make sense of where they are financially. ![]() You’ve likely looked up the prices of your neighbor’s home values and sales prices. If you’ve never wondered how you stack up against your peers financially, you are probably not human. I wondered how someone could be worth something? You can’t put a price on human life…or can you? That was my introduction to the concept of net worth, which isn’t necessarily the worth of human life but rather the value of the net assets that a person owns. He didn’t seem to share my level of enthusiasm and responded “Do you have any idea what I’m worth?” I had never heard that phrase before. I excitedly told him that he could make a bunch of money if we sold our house. He told me, and I thought about it for a second. When I was a kid, I asked my dad what our house was worth.
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