Comments on: 10 Questions for Brent Kessel http://allfinancialmatters.com/2008/12/05/10-questions-for-brent-kessel/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 25 May 2012 18:41:00 +0000 hourly 1 http://wordpress.org/?v= By: poor boomer http://allfinancialmatters.com/2008/12/05/10-questions-for-brent-kessel/comment-page-1/#comment-385991 poor boomer Sun, 07 Dec 2008 19:53:51 +0000 http://allfinancialmatters.com/?p=3012#comment-385991 I had a hard time taking his quiz. It appears he assumes everyone has money. For example, this question: 3. Over the last five years, my financial net worth has: (Select up to three answers) grown, primarily due to good saving and investing habits declined, primarily due to lack of focus or gifts to family/friends grown, primarily due to job-related promotions, bonuses, or stock options, or growth in the value of home(s), a business or investment portfolio declined, primarily due to overspending not kept me from feeling nervous I have no idea or don't think it's important NONE of those answers really fits me. I know what my net worth is, and I definitely think it's important. It has 'increased' from minus $8,200 to minus $6,000, but can you really say that it has 'grown'? And good saving and investing habits have had nothing to do with it - it is due exclusively to a student loan garnishment of wages and tax refunds (including the 'stimulus' payment). I had a hard time taking his quiz. It appears he assumes everyone has money.

For example, this question:

3. Over the last five years, my financial net worth has:
(Select up to three answers)
grown, primarily due to good saving and investing habits
declined, primarily due to lack of focus or gifts to family/friends
grown, primarily due to job-related promotions, bonuses, or stock options, or growth in the value of home(s), a business or investment portfolio
declined, primarily due to overspending
not kept me from feeling nervous
I have no idea or don’t think it’s important

NONE of those answers really fits me. I know what my net worth is, and I definitely think it’s important.

It has ‘increased’ from minus $8,200 to minus $6,000, but can you really say that it has ‘grown’?

And good saving and investing habits have had nothing to do with it – it is due exclusively to a student loan garnishment of wages and tax refunds (including the ‘stimulus’ payment).

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