If you’ve followed the site/blog/twitter feed lately you’ll probably have noticed that things have been pretty quiet around here lately. Well, yesterday we had a large traffic explosion yesterday that had the servers smokin’ (ok, actually, it’s just one server, and well, it held up just fine, but allow me to exaggerate a bit for literary effect).
news.com.au, the major Australian news portal, ran a story on people posting their net worth online. The article gives a quick overview of what people are doing on NetworthIQ and why they’re doing it. A few of our NetworthIQ community members were highlighted including:
I thought it was great to see a major point that I like to reinforce about NetworthIQ, that NetworthIQ is not about showing off or a competition, at heart it is meant to be a learning and motivational tool for all ranges of net worth:
Baring all adds social pressure to do more looking before leaping into financial decisions.
“Having your information so publlicly available has changed my financial habits. I find I don’t impulse spend and have adopted a different mindset that fits with the tone of other members,” the student says.
It can also be a benchmarking tool to see what other people in similar circumstances are achieving.
“It’s not so much showing off, it’s a useful cross-comparison,” says another member. “Where should I be, what are other people doing? “Why am I different from anyone else, what do I need to do?”
It’s awesome to connect with users who feel this way and are using NetworthIQ to improve their finances and financial knowledge.