NetworthIQ Blog

Today marks another milestone for NetworthIQ. The 5000th user has been verified. To get a feel for the size and activity of the NetworthIQ community, here’s the latest stats on the site.

Interesting to see that over 1000 people have taken the effort to register, but not verify their account and/or enter a net worth. That’s a significant percentage. Perhaps I need an example comparison report on the site to show users what they’re missing out on by not creating an entry. I’ve also been considering more registration-free features for the future.

Surprise, surprise, there is a new release out. This release has a couple small things in it that were among the most commented on in the feedback coming in. Here’s the details:

1. Split Real Estate: Many users have debated whether or not to include your primary home’s equity when calculating net worth. Now, we give you the option by separating your home from other real estate. I still encourage people to include their home, I do and the vast majority of users do, but if you’re philosophically opposed, you have the choice. More importantly though, I think separating it out gives a more accurate picture of your finances.
2. Net Worth Help: Previously, there was no guidance on how to calculate the different categories. Tooltips have been added next the entry fields to try to help a bit. Please comment if any of these can be improved. You can also see the descriptions on the new net worth FAQ question.

Thanks to community for keeping the site going strong despite the lack of updates. We’ll be welcoming our 5000th user in the coming days and while the site isn’t going to take on the giants of Web 2.0 in terms of popularity, it’s encouraging to see the consistent growth.