Where’s a DeLorean When We Need One?
I taught three high school classes last week. My favorite part of any talk is always the Q&A at the end. As the frequency of questions started to diminish, I said, "We have time for a few more questions. C'mon, guys, give me something spicy. Spicy is good."
A young lady on my far left raised her hand. "What is your net worth?"
I said spicy....I didn't mean SPICY!!!! That one caught me off guard, as it's the first time I've ever been asked that publicly. I froze for a second. What do I say? What do I say? What do I say?
"Wow, that was spicy! I don't feel comfortable answering that." Then I moved on.
A missed opportunity! Of everything I experienced last week, that was my biggest regret. I beat myself up for hours! I had such a beautiful opportunity there, and I whiffed. I could have shared something profoundly important, but I didn't. I could nearly see Reggie Miller giving me the choke sign like I was Spike Lee at MSG (IYKYK!).
If I could step into my DeLorean and get a do-over, this is what I'd say:
I'm not going to share my net worth, and here's why. Sharing numbers like that one is the quickest way to spiral into the curse of comparison. Either my number is higher than yours, and you're jealous, or my number is lower than yours, and you judge me as less than. Either way, nothing good can come from it.
Net worth is a great way to keep score.....if we're basing our measuring stick on the world's way. Instead, I tend to measure success by how intentionally and meaningfully someone is living their life. Do they wake up every day excited for what's to come? Are they making a difference? Do they find meaning in their work? Do they lie their head on their pillow at night knowing they left it all on the field? Some of the most successful people I know have low net worths, and some of the biggest failures I know have huge net worths.
I do find value in net worth, but only through the lens of that particular individual. In fact, I make every client track their net worth each time we meet. NOT because that's the ultimate goal, but rather, because it's usually a solid barometer to understand if they are or are not achieving their desired goals. It's a tell; it's not the be-all end-all. If a couple is trying to get out of debt, there should be a natural increase in net worth over time as the debt is paid down. If someone is starting a business, there should be a natural increase in the value of that business as NOI improves. In other words, net worth makes a good comparison tool under the same roof, not under different roofs.
Lastly, and most importantly, net worth measurements have a negative correlation with the greatest use of money: generosity. A decade ago, Sarah and I made the decision to give away every single penny we have. Nothing is ours. Everything is to be shared. The natural outcome for this way of life is that our net worth will eventually dwindle to zero. That's a weird way to perceive life, but I enjoy the dwindling more than I do the building.
I'd do anything for a DeLorean right now! Have a great day, all!
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