NetworthIQ Blog

• New net worth stats crunching script running as I type this. Now, how am I going to present this data? I’ll start with a twitter stream. #
• Tthe median home value in the US is $111, 000 and the average is $209,000 (n=5713, using my "current user" algorithm) #
• The median mortgage is $42,238 and the average is $117,119. Man, wouldn’t that be nice? #
• The median credit card debt is $184 (wow, that doesn’t look right) and the average is $5023 #

Powered by Twitter Tools.

I’ve been working through some deeper statistics calculations this week, looking at the individual balance sheet categories. In the current comparison report you just see comparisons of net worth, but now we can start to drill down into each category, which is the whole reason we have these defined categories as many people often wonder. The following is the initial findings of the data for all “current users” in the US.

Nothing too interesting yet, but it’s a start. I have a hunch this is mainly because our user base skews to the under 30 crowd. It will get more interesting as it’s broken out by the demographic categories and presented as part of the comparison report feature.

Stay tuned.

Median balance sheet

• Fixed some email issues, reminders going out today. #
• Need to find/write a script for processing bounced messages so I can stop sending reminders to emails that aren’t active. #

Powered by Twitter Tools.

• Have a beat on some more in-depth net worth statistics. Calculating stats for every month, every category, and every demographic. #
• Hope to publish something this week, after sorting through them. There’s a reason the S&P 500 is a consistent set of companies. #
• BusinessWeek outlines how personal finance sites build trust (NetworthIQ included) http://tinyurl.com/3agkvb #

Powered by Twitter Tools.

• @WayneMulligan Thanks for the Money:Tech updates. TickerHound looks cool, surprised I haven’t heard more about it. #
• TweetScan is ridiculously good (current, fast, etc.) #

Powered by Twitter Tools.

• Barron’s on leading online personal finance managers, including NetworthIQ - http://online.barrons.com/article/SB120191110590136871.html #

Powered by Twitter Tools.

• Just noticed there have been 29,999 entries posted to NetworthIQ. Who is going to make it an even 30k? #

Powered by Twitter Tools.

• Aggregate net worth stats updated http://tinyurl.com/3ajtz5 The 40-44 age group cracked 500 profiles. #

Powered by Twitter Tools.

• Re-subscribing to many pf blogs. Getting ready to re-engage with the community again. #

Powered by Twitter Tools.

• Looks like a mention in Kiplinger this month: http://www.kiplinger.com/columns/starting/archive/2007/st1226.htm Fun! #
• Not sure if online only, but certainly have noticed an uptick in "direct" traffic and referrals from http://www.singleguymoney.com #

Powered by Twitter Tools.