Consumerism Commentary - Latest Comments in Net Worth of $100,000: Not Looking Good for This Month

Re: Net Worth of $100,000: Not Looking Good for This Month

jm — Thu, 19 Jul 2007 09:13:24 -0000

Im 27, my wife is 28 - I just did a rough tally and our net worth is about 620K
plus/minus about 5K for error sake

Re: Net Worth of $100,000: Not Looking Good for This Month

The Digerati Life — Fri, 15 Jun 2007 06:29:29 -0000

Still think it's great you're almost at that 6 figure mark. It's a pretty good feeling when you reach that milestone, no matter when it happens! :) $50 more dollars left to reach it??

Re: Net Worth of $100,000: Not Looking Good for This Month

alex239 — Thu, 14 Jun 2007 09:59:15 -0000

I just wanted to comment on trading moving services for meals. Your friend is in the business, he has offered. Just because you feel that you don't have an equivalent service to render him shouldn't stop you from accepting his offer at any age. My friends have 2 kids and a dog. I'm watching the dog the entire weekend for the privledge of sleeping at their house and eating their food. They wanted to pay me but I'd rather take payment in the form of them inviting me over for dinner. Spending time together is way more valuable to each of us than $50 bucks. Just because i'm single and can afford stuff because I'm frugal doesn't mean they can afford fun things by being frugal. Kids are expensive and I'm glad I can help them get out of the house for a long weekend with their kiddies.

-Alex

Re: Net Worth of $100,000: Not Looking Good for This Month

Michelle — Wed, 13 Jun 2007 18:52:13 -0000

I hit 300k net worth for exactly ONE DAY. Now, I'm back to 294k. I still feel good about my overall progress. But, my focus on that darn milestone is causing me to be a bit bummed, regardless!

Re: Net Worth of $100,000: Not Looking Good for This Month

mapgirl — Wed, 13 Jun 2007 18:35:57 -0000

I'm with PiggyBank Raider. I borrowed two husbands to move into my condo. Granted, I was going to a bedroom in a house to a studio and didn't have a dining set, bookcase or sofa back then, but what are friends for? Treat them to dinner and maybe give them another special gift later.

The one pro argument I'll make for movers is that movers are bonded and insured and your friends are not. The one time I hired movers, it was to move a bedroom set I was buying. I couldn't bear the thought of my friends getting hernias of my account.

Re: Net Worth of $100,000: Not Looking Good for This Month

PiggyBank Raider — Tue, 12 Jun 2007 23:45:09 -0000

Not sure of your age, but whether or not the friend's van and help can be traded for a free meal depends largely, I believe, on the relationship you have with your friend. In my closest social circle, an entire weekend of hard labor (16+ hours of building a deck around a pool) can be gotten for the price of burgers on the grill and beer in a cooler... and we're mid-30s to early 40s. Reciprocal labor is also expected sometime in the future, however. Maybe my friends and I are just cheap, though.

Re: Net Worth of $100,000: Not Looking Good for This Month

Harlan Landes — Tue, 12 Jun 2007 23:25:51 -0000

Dong: A milestone of $100,000 is as arbitrary as a milestone of $76,819 or any other random number. It's good for tracking long term progress, but as you said, there's so much fluctuation, there's no immediate meaning other than "fun."

Re: Net Worth of $100,000: Not Looking Good for This Month

dong — Tue, 12 Jun 2007 23:19:57 -0000

I try not to be too involved with "milestones" because they can change so quickly. What does it matter if I break 100k, only to bounce up and down between it for months. I think it's more substantive substantive to have a milestone of over 12 months over X amount or something like that, almost like a moving average.

Re: Net Worth of $100,000: Not Looking Good for This Month

A Tentative Personal Finance B — Tue, 12 Jun 2007 23:05:32 -0000

Wow networth of close to 100K... I'm like -145K

Re: Net Worth of $100,000: Not Looking Good for This Month

Harlan Landes — Tue, 12 Jun 2007 22:20:24 -0000

Absolutely no offense taken. That's the problem with having a good portion of my assets invested. My net worth is at the mercy of the markets.

Re: Net Worth of $100,000: Not Looking Good for This Month

Kurt — Tue, 12 Jun 2007 22:17:22 -0000

No offense, but I don't think you stand a chance of breaking any marker this month. Unless, that is, equity/debt markets recover over the next two weeks.