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	<title>eMoneyLog &#187; Networth</title>
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		<title>Should I reveal how much money I have?</title>
		<link>http://www.emoneylog.com/networth/should-i-reveal-how-much-money-i-have/</link>
		<comments>http://www.emoneylog.com/networth/should-i-reveal-how-much-money-i-have/#comments</comments>
		<pubDate>Thu, 14 May 2009 01:43:02 +0000</pubDate>
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				<category><![CDATA[Networth]]></category>

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		<description><![CDATA[The dilemma of a money blogger ]]></description>
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<p>I have been thinking about this for quite some time and have not come to a conclusion but I would like to share the though process.</p>
<h3><span style="color: #800000;">Why Disclose:</span></h3>
<p><strong>I can gain the trust of my readers by showing them what I preach is what I follow.</strong></p>
<p>This is very important to me. I want my readers to know what I will talk about is practical and can be followed and in fact I am doing it.</p>
<p><strong>I can get valuable comments from readers which are more tailored to my current financial standings.</strong><br />
Everyone of you have something to contribute about personal finance, the source of knowledge may stem from your personal experiences , ideas or education and we can engage in a constructive discussion which will be mutually beneficial</p>
<p><strong>In the examples I use, I can use my personal finance profile.</strong><br />
<strong>I will be more focused &#8216;on doing it right&#8217; to hold face in front of my readers.</strong></p>
<p><strong><br />
</strong></p>
<h3><span style="color: #800000;"> Why not disclose:</span></h3>
<p><strong>Everyone will know how much money I have..!</strong></p>
<p>There is certain amount of comfort that goes with people not knowing exactly how much one you have. It is purely psychological but it exists.</p>
<p><strong> I may have to discuss it with my friends.</strong><br />
Previously I had always dreaded a discussion on how much money one has and I may get a lot of questions and surprises.</p>
<p><strong>My family members may not be cool about it.</strong></p>
<p>Simple, from where I come, you do not carry a badge with how much your net worth is printed on it. This will make my family members uncomfortable.</p>
<p><strong>It is very complex.</strong><br />
Being an immigrant, my personal finance is very complicated, my assets and liabilities are spread across two countries, two currencies.<br />
People may evaluate my decisions purely against the money I have.<br />
<strong> I may lose some negotiation power. </strong></p>
<p>With people who know my personal finance standing and may have their own assumptions of what I can afford and I cannot afford.<br />
Well the thought process is still going on, and I will update when I do make up my mind. Let me know what you think in the comments.</p>
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