Zero

When I first started my blog I was very open with my credit card and other types of debt providing hard numbers and rates, but as the credit card debt disappeared I became more and more tight lipped about my assets.  I was even called out by fellow Personal Finance blogger, Mike,

Even, with all due respect – why do you bother with these updates? You aren’t willing to share any specific info which makes these posts a waste of time. Don’t get me wrong – there is nothing wrong with not sharing, but saying stuff like: “don’t feel comfortable providing my exact mortgage information That doesn’t even count the $x,xxx I have put towards it since July. I am not comfortable providing my cash account details. The account is tiny” is useless.

Despite getting my name wrong, Mike made a fantastic point.  I even get a little jealous when I read bloggers that give all those juicy details that I feel uneasy sharing (Amazing Examples 1, 2 and 3).  But I think I have come up with a good way to share with everyone, and hopefully, other bloggers can use the system.  I am going to take a page out of fight club and zero myself out.  I am going to take what I consider my net worth and make it zero.

This way every month I can share how well I did in comparison to the month before and our base of January 2011, and to be honest it doesn’t matter if you are worth $200,000 like J$ or approaching $400,000 like Flexo, it is the growth month to month that really excites me when reading those update posts.  Now, I can provide my readers the growth.

What I will Include my Net Worth

What assets am going to include:

What liabilities am I going to include:

What is missing?

  • Credit Card debt – Don’t have any except a revolving AMEX account so no reason to put it up
  • Checking Accounts – Always changing and moving kept low on purpose so no reason to track it
  • Cars – I have no idea why people count cars as an asset.  Its transportation not an asset.
  • Jewelry – I joke that The Wife’s hand is worth more than my car…but there is NO way anything is being pawned/sold so why list it as an asset?

Is this a waste of time since I am not providing real numbers? or does this interest you at all? If you are a blogger would you consider using this technique?