Financial Literacy NetworthIQ

NetworthIQ is kind of a game. Most people who share their data do so anonymously, but Kincer posts a link to his personal Web site, where he uses his real name.

Financial Literacy – NetworthIQ, allows people to record their net worths and display the ups and downs for anyone to view.

Most people who share their data do so anonymously, but Kincer posts a link to his personal Web site, where he uses his real name. Kincer especially liked that the site allowed him to compare himself with others. It appealed to the Mega Man player in him. “NetworthIQ is kind of a game,” he said. “Can I get ahead of everyone? Can I be up there with the big shots?” Net worth is the number you get when you subtract what you owe from what you own. You start with things like cash on hand, retirement savings and home equity and subtract your mortgage, as well as credit-card, student-loan and other debts. Net worth paints a bigger picture than income; it rewards the saver and reveals the drain that big borrowers put on their finances. And it vividly reminds people who think only in terms of monthly payments that their debts may be with them for a good long while.

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