$69,488 – is this TMI?
Did any of you catch the article on sharing your net worth publicly in the New York Times Magazine Preview? I read it with utter fascination — not only did it talk about the taboo of sharing your money information online, but it also talked about the natural human nature to compare and compete on everything, including net worth. It may be human nature, but it is pretty silly to compete with others on net worth. I believe it is only a useful statistic for comparing yourself to yourself, or your numbers to your own personal plans and dreams.
Interestingly, I came across this article when a college acquaintance linked to it on Facebook, adding his own comment that sharing net worth was TMI. But why? When I hear “TMI” I generally think of gross bodily functions that no one needs to hear about. Is talking about your finances equally disgusting as talking about your bowels? I wouldn’t share my numbers with family or friends – primarily because of the huge taboo. If it was just something that everyone did, would that be such a bad thing?
The non-anonymous people in the article are brave, but I wouldn’t want to join them. It makes other people uncomfortable if you share the details with them – yet so many are intensely curious about it at the same time! I’ve even become less comfortable with it on my blog! It seemed like a moot point when my net worth was negative, but now that it is increasing, I feel like it could be seen as boasting. Look at me. Look how lucky I am! You know? (Then there are those who would laugh at the idea of my number being worth boasting about.)
Do you share your net worth on your blog? How about with your friends and family? How do you feel about it? Do you think that public net worth information is TMI?