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Comments

mbhunter

I pay attention to negative net worths becoming less negative or positive. That's inspiring to watch. I usually don't care if someone has a $100k or a $1M net worth, because often they include the value of their house in their net worth calculations, so that distorts things and makes homeowners a lot "richer."

Jane Dough

Focusing on your Net Worth will improve your Net Worth. I strongly believe it. While it may be depressing to see a negative number don't despair. The journey of digging yourself out of a negative situation into a positive one can be the most enlightening and satisfying things you ever do.

personal finance advice

I agree that for those trying to climb their way out of debt looking at just the numbers can be frustrating. It is one of the reasons I added the monthly "% change" ranking to my list - to hopefully encourage those with negative net worth to post their progress as I feel these people are the ones that can really motivate others that are in the same financial situation.

The key is to focus on the progress made and if you keep making a positive progress, there will be a time when you will have others looking at your numbers with a bit of jealousy.

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