Comments on: Ask the Readers: How Often Do You Calculate Your Net Worth?

By: Tom @ Canadian Finance Blog

Tom @ Canadian Finance Blog — Wed, 25 Nov 2009 02:21:09 +0000

I chose weekly as an average, though sometimes it’s almost daily. I have my debt balances in Excel and as I update them, my net worth calculated automatically.

By: Investing 101

Investing 101 — Tue, 17 Nov 2009 19:16:17 +0000

I calculate my net worth every month, like Jackiw. BUT I agree with Financial Samurai in that it doesn't really say much. I go by another metric that I picked up from the oft-criticized Robert Kiyosaki. I know he has his flaws, but I'm absolutely loving his metric for wealth.

He measures it in how long you can survive if you lost your salary. To me that's a much clearer measuring stick of your financial shape. And since I'm currently developing a couple of sources of passive/residual income, this is the perfect way for me to measure my progress.

By: Financial Samurai

Financial Samurai — Tue, 03 Nov 2009 14:15:37 +0000

Seldom ever, b/c your Net Worth Is An Illusion! I write about it in one of my posts in the Net Worth category.

I mean, when Zillow says I'm $400,000 richer since this summer, I just have to laugh. I've got several posts highlighting the fallacy of net worth.

The only thing that matters is how much cash and LIQUID assets you have. That's it!

By: Jackiw

Jackiw — Mon, 02 Nov 2009 20:08:41 +0000

I don't think my vote worked, but I calculate my net worth at the end of each month. It just seems like a nice arbitrary time period that's easy to remember. It also allows me to see the trend over time and to recognize seasonal variations.

By: wrc

wrc — Wed, 28 Oct 2009 17:58:29 +0000

Being a lover of all things using an Excel spreadsheet, I have debit/credits listed as well as "very pretty" graphs showing the growth (and decline) of our net worth among other financial minutiae.