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networthiq.com-insights. WOW!

November 27th, 2013 at 02:12 pm

Hi guys.

Thanks to a tip by 'Jenn' (and check out her blog.. very neat stuff). I went to networth.iq and WOW.. what a wealth of information. advice and tips.

I suggest you look at it your self.. you can see others networth by age, income, all sorts of stuff .. see 'where' their net worth is.. VERY INTERESTING STUFF

What popped out at me (Miss making real estate income my main goal) is that I was more impressed w folks who had the bulk of their networth in saviings and investments vs equity in homes or rentals. I feel the same way even though my net worth is lopsided that way right now.

What was motivating was some people who had $375k net worth (again these were primarily stock/investment/retirement plan based networth folks) kicked it up to OVER a million in 5-6 years..so the time frame does not have to be long.. just keep learning and chipping away

After this house (my own) settles in some way I will focus primarily on stock based investing. already have a strategy.. so building up ROTH/IRA and general cash and investments is the goal once the house settles in some way.. either I buy or whatever... still $12k short on my emergency fund but feeling in general good today. Need to kick my side job into gear hear at some point.

This forum has HELPED SO MUCH keep me accountable and moving forward. Hope it has helped you guys as much as me. I have increased my savings, cut costs, started 401k, and roth just this year (after the 'downfall'.. haha)

About to save $1600/year on insurance costs among the 6 homes, 3 units by switching to Allstate. WOW!

I feel I am on the UP hill swing again.

Have a good day guys.. keep saving.. whittling away debt but invest too..

Posted in Net worth, Musings | 3 Comments »

3 Responses to “networthiq.com-insights. WOW!”

  1. Jenn Says:
    November 27th, 2013 at 02:46 pm 1385563574
    1385563574

    I'm glad you found networthiq as interesting as I did Rachael. I have to clarify though that I don't have a blog - I'm an active lurker/commenter here on SA. (Maybe one of these days I will take the time to set up my own blog here.) I didn't want to take credit for anything cool things that I didn't really do!

  2. TashaC. Says:
    November 27th, 2013 at 03:07 pm 1385564865
    1385564865

    I visit that site a few times a year. I am also impressed by how wealthy those folks are! I don't like their journal section though- I like reading personal accounts of finances (like these blogs) and it is a lot of spam and short messages on those journals. I guess they are too busy working and earning money to give a detailed account on their journal.

  3. PatientSaver Says:
    November 27th, 2013 at 10:08 pm 1385590135
    1385590135

    What was motivating was some people who had $375k net worth (again these were primarily stock/investment/retirement plan based networth folks) kicked it up to OVER a million in 5-6 years..

    Yeah, well, keep in mind we've been in a bull stock market last few years

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