NetworthIQ Blog

I was late to see that NetworthIQ was mentioned on TheStreet.com this past weekend in an article about online personal finance tools by Terry Savage.

On page 2, the topic of social networking around personal finance is introduced:

Personal finance sites that revolve around “social networking” in general are becoming very popular. For example, www.networthiq.com allows you to post your financial information — including cash, investments, debt, etc. — for all to see and comment upon. It requires users to manually update monthly balances.

Interesting that she introduces Mint as having the ability to share stories about their finances:

Another social networking site, www.Mint.com, allows bloggers to share stories about their personal finances.

Not sure if she was confused there. That’s part of what we’re trying to do with NetworthIQ. As far as I know, Mint’s focus is on helping you track expenses and spend your money better. I haven’t seen much around community interaction and storytelling, but I guess their blog does a good job with that, so perhaps that’s what she was referring to.

Anyway, always fun to see coverage in the media and around the web.

• Robot Co-op’s new site, Should Do This, is pretty cool. I’ve added a NetworthIQ suggestion board (http://networthiq.shoulddothis.com/). #

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• Mixed day for promotion. Today show online ignores us http://today.msnbc.msn.com/id/20216273/ (that’s Oprah’s money person!) #
• But, WebWorkerDaily features us in post about social money (http://tinyurl.com/3yagea) #
• Social money is getting some nice exposure these days, with Wesabe and Geezeo getting the bulk of attention. #
• It’s nice to know, even though NetworthIQ is not the main attraction these days, that my vision of a community driven pfm is validated. #
• But, I don’t want to sound like I am giving up. I will continue to build and make NetworthIQ the best money tool I can. #

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• Porting reminders generation script from C#/NHibernate to a MySQL stored procedure. Runs in seconds now, compared to minutes with old way. #
• Been using the "e" text editor. "TextMate for windows" is how it’s billed. I like it, but not sure if it’s worth buying yet. #

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• Social Personal Finance in the Boston Globe this morning (http://tinyurl.com/29ve86). Go way to the last 3 paragraphs and you’ll find us. #
• Catching up on bookkeeping. Signed up for QuickBooks Online edition, no more excel worksheets. #

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The Boston Globe takes a look at the social personal finance and investing web sites in an article today by Carolyn Johnson. NetworthIQ was included way at the end along with bostongal (NetworthIQ profile), here’s the snippet:

Finally, for the true exhibitionist, a new network of personal finance bloggers has sprouted up, keeping profiles on NetWorthIQ, which offers people a public forum in which to chronicle the ups and downs of their assets.

The woman behind one NetWorth profile said she started blogging about her finances because she felt alone.

“Being able to read and see the details of how others were managing (or not) their money was something I found very interesting and powerful,” BostonGal, who insists on remaining anonymous because she posts so much detailed financial information online, wrote in an e-mail. “For me, it was finally answering questions such as, ‘How can people afford to buy that?’ or ‘Am I the only one who struggles to save?’ ”

Yep, I think it’s interesting and powerful too. Welcome to all the new members.

• @haacked That’s what I’ve been realizing too. I did some scripts in powershell, but it was painful, and am exploring Ruby now. #

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