The Big Reveal – Net Worth Post

My stomach flu has turned into a chest cold and I think I am running a fever.  That might explain what you are about to see here.

The big reveal messy money
Shh…..

I have blogged for almost a year now and I have debated over and over about posting my net worth.  I think that posting it will help people understand where I am coming from and  make it easier to follow the narrative of my financial (mis)adventures.  I asked my husband if he was OK with it and he said, “Do it.”   He has become a bit more attuned to our financial situation since I have started blogging.  It’s a good thing.

Net Worth Preamble

We have been saving small amounts for over 17 years now.  We have not received any significant windfalls or inheritances.  We have not been socking away a high percentage of our income and we have had our bad years – including a spending death spiral that set us back financially.  We heard our financial wake-up call though and decided to get serious about our watching our pennies.  This is a large part of the reason this blog was born.  Messy Money.

I should also tell you that our net worth dropped significantly in September.  Ouch.  I haven’t decided how often I plan to post updates but I will aim for at least twice a year.

So here goes…

Net Worth Messy Money October  2014

 

Numbers have been rounded up or down to the nearest hundred.
This does not include:
Educations savings plans, autos and motorized toys, the stupid hot tub, art, collectables, jewels…you get the idea.  I have not included my pension because it is small and I consider it as bonus money and a potential protection against inflation. Weird?  I have included the value of our home (a conservative estimate) because we have a lot of cash tied up in it and we are going to sell it as soon as the time is right.  

I feel naked now.

Oh, and that picture up there is me.  I definitely got a little too enthusiastic about FrugalFinconFiesta.  Told you I was wearing a funny mask.

43 Comments


  1. Good job being brave and for saving so diligently. This will motivate others to do better financially. If someone you know finds this page, you can say hey someone stole my picture.

    Reply

    1. Thanks. Great tip on the picture! I don’t wear my funny mask often, so hoping they don’t recognize me.

      Reply

  2. You are inspiring me to do my share. I’ve been working up to it but it’s taking entirely too long. I may now just take the plunge.

    Funny thing was I was thinking about blogging that I was a half millionaire based on our net worth without our home, but since the market dropped I can no longer say that. $20K+ gone in 3 weeks.

    Now the question is ~ what figure are you shooting for in order to retire?

    Reply

    1. The net worth reveal is one of my most popular pages now! Who knew? The stock market has not been kind this month so ours is dropping right now – oh well. Retirement – it will be something I hope to figure out this year. I think we need 1.2 million – personally but going to examine that and see.

      Reply

    1. I think as of yesterday – this is the most popular post here. Can you believe it? I guess people really want to know and most other things you can guess at but someones financial situation is a big mystery.

      Reply

  3. Thanks for having the guts to post your net worth. I know every finance blogger wrestles with the question about what and how much to post online. I have chosen to post my stock holdings and buys/sells online. One thing that continually amazes me is the openness and support the entire financial independence community and dividend investing bloggers have. It is this transparency that helps educate ourselves and others who visit.
    DivHut recently posted…Dividends Delivered In Thirty Minutes Or LessMy Profile

    Reply

    1. It was not an easy decision but I know I enjoy monitoring (snooping LOL) on others progress/balances/portfolios so thought it was time to join the fray. Appreciate you coming by and commenting. Cheers!

      Reply

  4. I really like the mask! It’s beautiful!

    Reply

    1. Thanks! Maybe I can start a new business, wonder if there is a market for funny masks?

      Reply

    1. Thanks Steve. Yes absolutely. Off the top of my head I would say it is a hybrid of dividend and value – leaning towards dividend. I will also add up the dividend income at some point. Sad part is I ignore the dividend and just let them DRIP. I follow the market everyday -mostly out of curiosity but I don’t trade much.

      Reply

  5. You are brave there is no doubt about that. I’ve always been uncomfortable talking personal finances with anyone. I’m always afraid it will feel like either complaining or bragging, depending upon their perspective. Congrats on working up the courage! Hopefully if you make this an ongoing segment it will help many people out.
    Michael recently posted…The Sherpa Mailbag: Consolidation, Big Payments, PAYE and StrategyMy Profile

    Reply

    1. Thanks Michael – I *try* not to talk PF in the real world and come here instead. Complaining or bragging – it is all relative I guess. Based on my place on the ultimate bloggers net worth – I can’t do either. LOL

      Reply

  6. Good on you for posting and lettin’ all hang out!
    I was having a similar dilemma about updating my progress reports, but have decided to keep them up for now.
    I was ultimately swayed this way because I do feel they will be helpful to my readers and keep me motivated as well.
    Thanks for posting!
    Jonny recently posted…Top 5 Tax Tips: Simple Ideas HUGE SavingsMy Profile

    Reply

    1. I think you are right on both counts. Thanks for stopping by and good luck with your goals.

      Reply

  7. Way to put it all out there May! You have been doing well. I can’t wait until I’m 17 years in and I have a nice best egg going. I’m partially out there… I do track a net worth on my site, but it’s not the complete picture. It’s just the money to get me debt free, but doesn’t include my rental unit (former primary residence), etc.
    Alicia recently posted…Down to One Creditor Par-TayMy Profile

    Reply

    1. You will probably be doing much better in 17 years because you have developed focus much earlier than we did and will likely out earn us (if you are not already) so I am sure you will be the millionaire next door.

      Reply

  8. I haven’t posted my net worth, though I have debated about it before. Sorry you are feeling ill, I hope you get better. I’ve been a bit under the weather myself lately. I understand about net worth going down in Sept, mine did too thanks to the market drops in my investment accounts… Oh well, that’s part of investing and luckily I’m in in for the long haul.
    Kayla @ Femme Frugality recently posted…Buddhism and FinancesMy Profile

    Reply

    1. Thanks Kayla. Market continues to rock and roll. Net worth updates from all bloggers could be interesting next month. Thanks for stopping by.

      Reply

  9. It looks like you are doing quite well. Congrats. I had my big reveal earlier this year and it can be liberating. however, I’m not really a fan of net worth and prefer to look strictly at financial wealth (essentially investment portfolio value; does not include assumed values of homes or vehicles).
    SavvyJames recently posted…Cream City Hustle – Available for Pre-OrderMy Profile

    Reply

    1. Thanks — I totally understand that point of view. I opt to include our home because it is part of our bigger plan – we want to sell it and harvest some of the equity.

      Reply

      1. Playing Devil’s advocate, what if you don’t have any equity in your home at the time you desire to sell? As someone that focuses on retirement planning specifically, I often caution people against putting too much emphasis on what they ‘think’ their house will sell for in x years. At least with respect to retirement planning, it is better to focus strictly on your sources of portfolio income (generally investment plans such as a 401(k), IRAs) and passive income (e.g. rental property, pensions).

        The problem with giving too much credence to a home’s perceived value is two-fold. First, no one ever really knows what a home will sell for, particularly true if the planned sell is more than a few months out. At the end of the day, a home is only worth what someone is willing to pay at a given moment. Second, once the house is sold, you still have to live somewhere, which will be an unknown cost, again, because it is impossible to know what the market will be doing years out. My guess is that in 2008 there were a lot of people banking on their home selling for x number of dollars only to be sorely disappointed.

        I have a primary residence and rental property, with (believed) equity in both. However, I’m not planning to retire for 12 years, so it is hard to see how assigning a (perceived) value – at least with respect to retirement – to either provides useful information.

        The good thing is that it looks like you are doing quite well in the portfolio department, which is the significant key to retirement.

        A good topic.
        SavvyJames recently posted…Cream City Hustle – Available for Pre-OrderMy Profile

        Reply

        1. Good debate, yes. Would make a great blog post all on its own.
          I understand why people choose not to include their principal residence in their net worth calculation. I have valued our house based at the low end of current local market comps and subtracted an additional 5% to account for transaction fees. Will our house value go up or down? Time will tell.
          People in 2008 were probably also sorely disappointed if they were banking on their stock investments too – at one point the Dow had lost 50% of its value (from its high.) Fun times!
          You are right that we will need to find another place to live once we sell – but we have not ruled out the possibility of renting and if buying we will downsize significantly and move to a less expensive market.

          Reply

  10. Thanks a lot for sharing your net worth update! And you have a perfect mask.

    Reply

    1. Perfect mask or I am perfectly crazy not sure. Thanks for coming by.

      Reply

  11. I know what you mean by that “I feel naked now” comment. (But I use the word “raw” because “naked” embarrasses me. I guess that’s the point though, right?) I have become more and more open about our personal finances, and it’s a relief. No longer a dirty little secret, it doesn’t have the power to make me anxious or ashamed like it used to. I’m all for breaking through the taboo against money talk, so good for you for smashing it!

    Reply

    1. Yes – naked but relieved and liberated in a way. Personal finances the final taboo. Appreciate you coming by and commenting. Looking forward to more on Fruclassity.

      Reply

    1. LOL – i can’t see him blogging any time soon that would be funny. I might ask him to contribute something in the future for some laughs.

      Reply

  12. I think it’s great to keep track of your Net Worth, it gives you a measuring stick of how you are doing and what direction you are going. It takes a lot of guts to open up about that stuff, so good luck in the future net worth.
    Even Steven recently posted…The Great Debate: Hourly vs SalaryMy Profile

    Reply

    1. Oh yes – I am nervous that someone I know will find it but feel that I should to provide readers with a better picture of our situation. Thanks for coming by.

      Reply

  13. You guys have done well. You know, it speaks volumes for the value of making regular, smaller contributions that one could handle a set back or two and still be doing fine. Thanks for sharing, and congrats on your healthy finances. Now, hope you can lose that fever and get healthy in that regard!
    Ray @ Squirrelers recently posted…Save Money By Recognizing When Free Becomes ExpensiveMy Profile

    Reply

    1. I think I am on the mend – Thanks – slow and steady wins the race they say.

      Reply

    1. Thank you so much! Helps give me something to aspire to – hope to work my way up the list.

      Reply

    1. Thanks – most of our saving up to this point has been pretty dull by FI or ERE standards but we are doing OK. I look forward to stepping up the pace though.

      Reply

    1. Thanks Brian. I still feel naked but liberated too. Can’t wait to bust through the debt.

      Reply

    1. Thanks – I was gob smacked by your Obamacare post. Glad I ventured over for a read.

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge