Net Worth Transparency

[EJ at Dads Dollars and Debts]

Woah, what a long thread PoF started. Nice work sir.

 

Net worth and writing should depend on what you are writing. You can be intelligent and make some dumb mistakes that lead to poor net worth. Still if the number is increasing monthly and there is a defined plan, then I suspect the writer may have some things to add to the discussion. Not every one was smart enough to live like a resident or ignore the Joneses, but others just live in moderation and slowly increase their savings, net worth, and financial comfort.

 

Few have as much content as WCI but that is partially due to his interests and years at it. I wonder what WCI's approximate net worth was when he started this site. If I recall from a prior post, he did state when he hit the $1 Mil mark and it has obviously grown exponentially over the last few years. I started reading this site in 2014 (I think) and it has started me down the journey I am on today. I then discovered Financial Samurai and finally Mr. Money Mustache. Those were my 3 motivations to get things on track. Now there are many more to choose from including PoF. It will great to see where this space goes in the next few years.

 

 

[Complete_newbie]

EJ at Dads, Dollars, and Debts wrote:

Woah, what a long thread PoF started. Nice work sir.

 

Net worth and writing should depend on what you are writing. You can be intelligent and make some dumb mistakes that lead to poor net worth. Still if the number is increasing monthly and there is a defined plan, then I suspect the writer may have some things to add to the discussion. Not every one was smart enough to live like a resident or ignore the Joneses, but others just live in moderation and slowly increase their savings, net worth, and financial comfort.

 

Few have as much content as WCI but that is partially due to his interests and years at it. I wonder what WCI’s approximate net worth was when he started this site. If I recall from a prior post, he did state when he hit the $1 Mil mark and it has obviously grown exponentially over the last few years. I started reading this site in 2014 (I think) and it has started me down the journey I am on today. I then discovered Financial Samurai and finally Mr. Money Mustache. Those were my 3 motivations to get things on track. Now there are many more to choose from including PoF. It will great to see where this space goes in the next few years.

 

 

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Prediction: Consolidation.

[adventure]

The White Coat Investor wrote:

Complete_newbie wrote:

Great post WCI. I think more interesting is how this enterprise is at least 30-50% of your NW.

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You call it interesting. I call it scary. Can you imagine something less liquid?

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I'd like to see a post/guest post on this - this being the business owning / entrepreneurial side of your business - and other providers who have/start/run businesses. Running (much less starting) is significantly different than being a provider, and another step removed from just being financially literate with regards to investing and retirement. For example, the risk profiles are fairly different.

[The White Coat Investor]

EJ at Dads, Dollars, and Debts wrote:

Woah, what a long thread PoF started. Nice work sir.

 

Net worth and writing should depend on what you are writing. You can be intelligent and make some dumb mistakes that lead to poor net worth. Still if the number is increasing monthly and there is a defined plan, then I suspect the writer may have some things to add to the discussion. Not every one was smart enough to live like a resident or ignore the Joneses, but others just live in moderation and slowly increase their savings, net worth, and financial comfort.

 

Few have as much content as WCI but that is partially due to his interests and years at it. I wonder what WCI’s approximate net worth was when he started this site. If I recall from a prior post, he did state when he hit the $1 Mil mark and it has obviously grown exponentially over the last few years. I started reading this site in 2014 (I think) and it has started me down the journey I am on today. I then discovered Financial Samurai and finally Mr. Money Mustache. Those were my 3 motivations to get things on track. Now there are many more to choose from including PoF. It will great to see where this space goes in the next few years.

 

 

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It's detailed quite carefully in the book. We crossed the seven figure mark not long after starting the site. Basically, we were millionaires purely off clinical income.