When my co-host Jay first stumbled across financial blogs, he noticed something surprising:
Many bloggers publicly disclose their net worth. That’s as financially naked as a person can get.
This intrigued Jay, so he started tracking his net worth. He also compiled a list of every blogger who discloses their net worth, as well.
When this project began, Jay’s net worth stood at $40,000. Today it’s half-a-million.
In today’s episode, Jay and I talk about how to boost your net worth 10x. You won’t want to miss this.
Roy Lagro @ Band of Savers
I love tracking my net worth. I actually maintain two separate spreadsheets, on at home and one at work. My at home one tracks my net worth every 2 weeks to correspond with paychecks over the last 5 years. And the one at work actually gets updated in the first 5 minutes of being at work each morning just because I enjoy knowing what’s going on. As of this morning – $145,933.
For anyone considering, I strongly encourage you to track it regardless of how much it is.
J. Money
Hah! Awesome! Hadn’t heard of the Two Net Worths Strategy before 😉
Christina
I wholeheartedly agree with looking back when you feel like you’re treading water. Definitely a nice boost of confidence when you see how far your networth has come.
J. Money
Thanks for popping in, Christina!
gooperslop
Strange times to live in when people feel they have to justify their right to privacy with financial matters.
Nicole
Paula–when you receive rental income each month, are you putting aside certain percentages for vacancy, capex, and maintenance? Or If you have a month with $6k of expenses, are you just eating ramen that whole month? I’m 1/3 of the way to where you were at the time of this podcast 🙂
Erin @ Team Afford Anything
Hi Nicole! Paula explains the ups and downs of rental income and how she deals with it in the videos in this article: https://affordanything.com/how-we-made-43211-67-in-passive-income-from-real-estate-in-2017/