About Jim Tolley

JT writes about general financial topics and shares some personal experiences here on Penny Thots as well as his two other blogs, Cash Flow Mantra. When not blogging, JT works full-time and tries, along with his lovely wife, to corral a half dozen kids.


  1. Avatar[email protected] says

    Yep, I do track my/our net worth; and really enjoy seeing it going up, and up…This is how I started calling our debt ‘negative wealth’ – it is technically correct, save me using the ‘d’ word and focusing on it (you get what you focus on, right?) and make me different. I also think that Control Your Cash have got it really right – sell liabilities and buy assets is the way to a wealthy life full of joy.

  2. AvatarSkint in the City says

    I don’t do this but I’m going to start now! Always been a bit nervous of doing so in case I get bummed out by the result, but you’re right – it’s better to know which direction you’re headed in so it can be changed if need be!

  3. AvatarBo says

    I track my net worth each month as well as my debt/equity ratio. It’s really awesome to watch your % of debt decrease as you are tracking your net worth. It’s also nice to look back at each month and see from a year or two back how much progress you have made in your debt and your net worth.