my net worth.

It doesn't measure how much I make, or spend. Those factors may come into its calculation... but the final number only measures my net worth.

> Everyone should evaluate their net-worth
> every year on all their
> income producing finances and possessions.

WHY should we do this every year?

I do this (figure my net worth) on a monthly basis to measure my financial progess towards my financial goals. For me, waiting until the end of the year to see how things are going doesn't allow me to adjust direction fast enough.

But most people do not really have financial goals... they just go to work to pay the bills until they retire and get the pension (usually paying off whatever debts they have with their lump sum when they retire). So why should they know their financial worth? And why every year?

> Your possessions value
> should be figured on not what you paid for
> it, but it's market value now.

Good point... and to figure "market value now" I figure what my possessions would sell for in a garage sale! Not insured value, or the price similar items are priced at in a second hand store. There may be a better method but I use the same method all the time so my figure are consistant. It also means I am under-mistic :o)

> The news media caught hell on this one, but
> I don't put the blame on them.
> Two out of three voters that was polled
> after they voted said they voted for
> Gore, or they thought they did.

Don, as per my other post... polls are meaningless unless we know WHO was polled - sex, demographics, political leaning, employment status, etc.

We all know we can find whatever answer we want when doing polls. And we can do five polls and get five different sets of results.

> It was not really the news media fault, they
> were just reporting the news
> they were getting. I think they shouldn't
> report about the election till
> all the polls close in all 50 states.

There is an alternative to this... make voting compulsory. Then it won't matter as much because everyone will be voting anyway.

Michael Ross


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