Should I Reveal More Financial Information?

Should I Reveal More Financial Information?

One of the things I admire about the personal finance blogosphere is the willingness of so many people to share their stories. It heartens me a great deal to see people pay off debt, make successful investments, become financially independent, or even wealthy. I admire their willingness to take a risk, to bear their souls to the outside world for everyone to judge.

In doing so, I think, unfortunately, some people take information that is out there and make snide remarks about a person who is trying to right their financial ship or the success that they have had. I am not saying it is the majority of people, but unfortunately it seems we have a bunch of haters out there who can’t understand that with hard work, a little sacrifice, and even luck, you can actually save, invest, pay off debt, and live a good life and you don’t need to make millions of dollars to do so.

In this blog, I have tried to do some of that. I openly share how much debt that I have (not necessarily “we” have because I promised Mrs. ROB I would keep portions of her financial picture, even though it is our picture, out of my blog and I will continue to honor that request). When I say “I” I really do mean “we.” Mrs. ROB and I own the house together,  but technically the mortgage is in my name. Additionally, my student loan debt and personal loan is in my name, but I consider it our debt. I have no problem telling people how much we owe and chronicling the stupid mistakes I have made because I think there are valuable lessons there for people to learn.

Why Don’t I Reveal More?

So I have revealed the debt side of things, but I haven’t revealed how much I have in investments or how much our house is worth or my overall net worth. And that, for me, has been bothering me for awhile. Why don’t I reveal more? Is it because I don’t want people to know how rich or poor we really are? Is it because I don’t want to get hate mail from others (not that I would)? Why can’t I be like some of my favorite blogs and reveal how much I have in my investments? What is the harm? I mean if people have problems with it or tell me that I am off track and I need to save more or whatever isn’t that on them? What am I scared of?

The truth is I don’t know. I don’t know why I can’t/won’t reveal more information. It isn’t like people can take it out of the bank. I know it sounds like a small thing, but if I am going to be truly authentic then shouldn’t I reveal the entire financial picture, at least my side of it?

Maybe I am overthinking this? But I will have to ruminate on this more and come to a conclusion? For those of you who read this blog (and there a couple of people) what do you think? Should I reveal more info? Would it hurt? Or am I overthinking this and just being paranoid?

2 thoughts on “Should I Reveal More Financial Information?

  1. Hey Jason,

    I grappled with this same question, and ultimately decided to share my investment balance to keep me accountable, because I know I have some flaws and I thought this would help me personally, as well as give readers some evidence of my own investing, since that’s what I focus on with my blog. I never intended to share this at all, but there came a point when it felt ‘right’ for me.

    I think for you, you definitely shouldn’t feel pressured into revealing your personal financial information. You would have started this blog for a particular reason, and I think you should only share if it really will benefit that main purpose of your blog. Talk about whatever you want to focus on, and do what’s right for you. But definitely take the time to weigh it up, and reflect on the pros and cons.

    Look forward to reading more about your journey regardless of what you decide to share personally!

    Cheers,

    Jason

    1. Thanks Jason. As I have been thinking about this more and more I think I am going to reveal a little bit more info on the investment sides of things. Stay tuned for that future post :).

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