Reponse to Net worth

iVillage Member
Registered: 04-10-2003
Reponse to Net worth
Sat, 03-02-2013 - 9:27am

I can't reply so I'm trying this

I do this frequently. I helps keep me on my game and keeps me motivated while my debt reduction is happening. CNN has a calculator that I check every once in a while that will tell me how my net worth stacks up compared to those in my age or income bracket. The good news is that I am above the median in age, but am very low for income.  I just keep telling myself that every dollar I pay off is a dollar increase :)
Most of my networth is my home as well. I do have some retirment funds but that only represents about 30% of the overall total. By getting rid of the debt my net worht will increase significantly so that's what I am going for!!!

Bex -

iVillage Member
Registered: 04-08-2008
Sat, 03-02-2013 - 5:19pm

Thanks for responding Bex. Sorry to hear about your ivillage issues. I'm not sure what the hold up is on that!!???

Yes, paying down debt helps us. I'm tired of it though. I would love to sell our house & rent. Just investment our money and earn interest. If we reinvest the interest we would be better off than the equity we are paying down. And the equity can evaporate...I guess certain investments can too...