I just finished emptying out my bank account to pay the garbage and water bills. Okay, there’s a little less than $40 in there so I’m not destitute or anything. (Plus there’s a little in PayPal, a little in my mTurk account, and a little in cash. Really, don’t freak out on my behalf.)

While I was clicking to pay I was thinking about J.Money and his post over on Rockstar Finance about net worth. Finance bloggers sharing right out loud what their net worth is. No fear. So I decided to do the same, because I think it will be pretty cool to have a page to point to and say, “Look, there, in February of 2014 I had that net worth.” Like a third party unbiased opinion.

But I’m also going to share it here.


  • House: $89,000
  • Car: $10,000
  • Cash on Hand: $300


  • House: $120,000
  • Car: $12,000
  • Credit Cards: $3010
  • Student Loans: $61,275

Total Net Worth: $96,985 (that’s a negative number)

I know some bloggers go into the bills, but that’s another post (a budget post that will eventually get linked here as soon as I write it up) but this is assets and liabilities.

Forgive me for paraphrasing here, but every time I think of this list I’m reminded of the Rich Dad, Poor Dad book by that guy where his “rich dad” tells him the biggest problem of the middle class is that they mistake assets for liabilities. When I look at my small list of big numbers, I see his point pretty clearly.

If I do end up losing this house and renting a place it will actually increase my net worth by $31,000. If you have ever had to take a class to get licensed in property and casualty insurance the words moral hazard might pop into your mind. Of course, if you looked at my homeowner policy it covers my house for $245,000. I even tried to lower it because if something did happen that will scream fraud but they told me the (completely standard, I’ve said it myself) line, “It costs more to rebuild than it did to buy.”

Yeah, maybe a percentage but not a quarter million dollars.

Enough about moral hazards and insurance and rambling. One of the things I’m working on now is a personal comparison of renting vs. buying in an attempt to make the best financial decision possible going forward.

Sure there is a lot of emotional baggage attached to owning and I’m subject to feeling things just like anyone else with a heart, but I think I might be better at setting it aside, too.

I certainly hope so!

Also, if you’re curious about other financial bloggers and what net worth numbers they are rocking, check out the Blogger Net Worth page over on Rockstar Finance.

5 Comments on Net Worth Update (Feb 2014)

  1. Look at you putting it all out there! Welcome to the dark side 🙂 Going now to include you on the list… It’s going to feel damn good when you come back to this article years from now and see how far you’ve grown!

    • I couldn’t resist. I’m such a follower of the financial rockstars. Thanks for the jolt I needed to remind me all this talking about money I’m doing is financial blogging. Talk about a duh moment! Thanks again, you’re always an inspiration!

  2. Jennifer-

    Thanks for posting.

    My wife and I did a short-sale on our house to avoid foreclosure. (Yeah.)

    The house was hers from before we met. (Double yeah.)

    The short-sale process started while we were engaged and ended about three months after we got married. It was crazyness from the very beginning. That was three years ago and we are on the right track now.

    Rich Dad Poor Dad should be required for all humans to read every two years starting at age 15 and never ending. What a great book!

    Again, thanks for posting, keep it up and good luck.


    • I completely agree. Everyone should read the book every two years. It’s so easy to forget what you learned and go back to mixing up assets and liabilities because every message from almost everywhere tells you the opposite.

      Why did you choose a short sale vs. foreclosure? I keep hearing it’s not as bad on your credit but I’ve also heard the difference is so small as to not matter. You are still on the hook for the difference in worth vs. price in both cases. Is there something about the lawyer bills I’m missing? I know there’s something … I just can’t put my finger on what it is. I know the mortgage company wants me to short sale vs. foreclosure so I’m naturally resistant.

      I can be so perverse.

      Thank you so much for the comment. You were stuck in spam, I’m sorry about that. I’m glad I found you there 🙂

      • Jenny-

        Stuck in spam? Yikes!

        I am not sure about the difference between a ‘voluntary’ foreclosure vs. short-sale being ‘worth it.’ That is a good question to explore.

        Our story is a little more complex.

        Before we got married, Carrie had struck a deal with the first mortgage lender and wasn’t going to be on the hook for much because of her financial situation as a single person. She qualified for some kind of hardship thingy.

        Then we got married and the 2nd mortgage lender found out about me and requested all of my financial records. I was terrified.

        (Carrie had zero savings by herself, I had $85,000 and no debt)

        I can’t really explain what happened after that, it was all very confusing and I felt like I was just along for the ride.

        Suddenly there was a buyer and the short-sale arrangement was put on the table.
        We had to pay about $16,000 to make the short-sale happen.
        So, we avoided the foreclosure and paid the $16,000.

        I don’t know what would have happened if we just said, “Take the house, we choose foreclosure.”

        Anyway. Good luck to you!

        And like a friend of mine said, “Remember, they can’t eat ya.”
        (That always made me feel better.)


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