If you’re an astute visitor to Consumerism Commentary (and visit the blog rather than reading the RSS feed in your own reader) you may have noticed that my net worth widget in the upper right hand corner of this page, which measures the computation I now call my modified net worth, has surpassed $100,000. At this point, I don’t expect my modified net worth to drop below six figures.
I don’t look at this as a goal; it’s more of a milestone that I pass on the way to the financial independence that is still a long way off. Still, it shows I’ve come a decent way from when I started writing Consumerism Commentary in July 2003. My modified net worth at the time was $13,255, but soon to be reduced to $4,763 after taking on debt to begin my pursuit of an MBA.
The number 100,000 is basically arbitrary. The only things that make it special are the fact that it is the first natural number with six digits and that the zeros at the end make it look nice and neat.
My next modified net worth milestones will be $250,000, $500,000, and $1,000,000. Other upcoming milestones are $0 debt and $100,000 in retirement investments.
Photo credit: A.M. Kuchling
Updated January 16, 2010 and originally published July 6, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.