Sharing net worth is a thing in the FIRE community.
I do not share net worth for several reasons. First reason is privacy. While Auntie is anonymous, Auntie’s friends do read my blog and I have no interest in sharing my net worth with them. The Singapore community is also rather small and it is not impossible for my identity to be discovered. I don’t really fancy having my net worth splashed about.
The next reason which to me is the more important one is I wish to encourage, not discourage. I have seen net worth update where the blogger gloats about their net worth increases. How is that supposed to help others persist in their FI efforts? Privately, I do share my net worth with a small group of like-minded friends. I am beginning to reconsider doing this as it seems to discourage rather than encourage them because the numbers seem so unattainable to them. I have to remind them that a) I started this much earlier than they did, and b) I am older than they are and hence have more ammunition.
Finally, I prefer to focus on the process, not the result. The results change day by day because of market movements, so it’s an unreliable indication that you’re doing things right. The process, however, is what gets you there. The focus on the numbers ignores the more important part of the FI process which is how you are living your life to reach FI. It does not tell the full FI story. The real story are the boring things FIRE people do, like setting aside money for investments, choosing investment channels, and waiting.
I am aware however that specific numbers catch attention and can increase traffic to my blog. Well, my goal of running this blog is to give me a canvas to put my thoughts down. It’s a bonus that there are people actually interested in reading what Auntie has to say!