Why You Shouldn't Obsess Over Your Net Worth
“Cure for an obsession: get another one.”
There are few things about which I am obsessive. One of them is toothpaste on the rim of the tube. For whatever reason, if the top doesn’t smoothly twist onto the tube, it drives me nuts. Yes, I know…squeeze toothpaste. Even though I am a generally Type B personality – which caused no end to consternation to my bosses in the Army – I do occasionally get my knickers in a twist over a few things.
One of them was looking at my net worth after I graduated from business school. Probably because it was quite a significant negative number.
So, seemingly every day, I’d fire up Microsoft Money, download statements, and see if we were making any progress. I did the happy dance when we finally got to a net worth of zero.
Then, slowly, over time, we got above zero.
Eventually, though, I started wondering what the world would look like when I retired. I harbor ambitious plans of early retirement, so I started trying to determine what I would need to retire.
That’s when I had the “a-ha” moment about what I really needed.
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Jason Hull is a Fort Worth fee only, hourly financial planner who serves clients in Fort Worth, TX and Dallas, TX as well as serving clients nationwide.
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