Who cares about net worth.   With housing crisis you could be upside down.  Your

home could be worth $200,000. less than your mortgage now and still have other non cash assets worth another $208,000. which could give you an $8,000. net worth,but it's all meaningless if you don't have the cash to pay your monthly bills!

My mortgage cost is $4,000.00 a month, in winter gas heat is $900 -1,000 per month, in summer electric is $800.-1,000 per month, ($1,000 a month utility bill), add water bill to keep the lawn green, $250 per month for 4 months,  now car insurance for 3 cars, $700 a month, cable bill 4 rooms $220 a month.  Homeowners $180 a month, car payments $900.a month.   Tolls $220 a month, Auto fuel to work $400. a month.  A new appliance here & there, cost unknown,  Food & beverage family of 4

$1,000 a month.   Recreation $100. a month.  No cloths or personal items included

and we are near $9,000. a month.   That's not taking into account personal income tax that had to be paid on the earnings that funded that $9,000. or about another

$3,000. a month.  So it takes almost $12,000.  a month to just live on without any

extravagance.   There's her $150,000.  pay already shot.   So yah, I understand where she's comming from and why she's broke.    You don't even get to be called middle class earning $150,000. a year!

Well, at least she is not blaming anyone but herself for her financial situation. It sounds like she really needs to address what is behind her financial decisions (the psychology of her relationship with money).

I would like to know where she lives. In several cities in the US, 150k doesn't go that far.

Done, if you would like to get rich, work harder. That is how people get rich: They MAKE money performing a service or providing a product people want or need. The rich get richer and the poor get poorer sounds like a regurgitated sound bite and simply reflects the speaker's envy.  

Let's not forget that the categories of rich and poor are fluid: People move up and out and into a new category. MANY of the rich people made their money the old-fashioned way: They earned it. They did not come from rich backgrounds: Bill Gates comes to mind as does Larry Page one of the co-founders of google (in fact he grew up in a VERY middle class neighborhood. He simply had parents who cared enough to encourage him and a talent for computers/math).

Simple financial discipline -- that will cure or at least help her financial "ills."  

just one more exampe of a woman who is paid 3x what shes worth and spends 3x what she makes---not a suprise--its true for 80-90% of the women working right now --why we pay them so much for so little only to see them give it all to the high-priced shoe stores and salons is beyond me--one of these days men will smarten up and refuse to chase skirts and sex with cash--then the only job a woman can get will be from a woman owned business--5% of the businesses--and they will  all go down the tubes together------cant wait to see it---

Who cares about net worth.   With housing crisis you could be upside down.  Your

home could be worth $200,000. less than your mortgage now and still have other non cash assets worth another $208,000. which could give you an $8,000. net worth,but it's all meaningless if you don't have the cash to pay your monthly bills!

My mortgage cost is $4,000.00 a month, in winter gas heat is $900 -1,000 per month, in summer electric is $800.-1,000 per month, ($1,000 a month utility bill), add water bill to keep the lawn green, $250 per month for 4 months,  now car insurance for 3 cars, $700 a month, cable bill 4 rooms $220 a month.  Homeowners $180 a month, car payments $900.a month.   Tolls $220 a month, Auto fuel to work $400. a month.  A new appliance here & there, cost unknown,  Food & beverage family of 4

$1,000 a month.   Recreation $100. a month.  No cloths or personal items included

and we are near $9,000. a month.   That's not taking into account personal income tax that had to be paid on the earnings that funded that $9,000. or about another

$3,000. a month.  So it takes almost $12,000.  a month to just live on without any

extravagance.   There's her $150,000.  pay already shot.   So yah, I understand where she's comming from and why she's broke.    You don't even get to be called middle class earning $150,000. a year!

Her true NET assets would actually be = liquidated assets + cash -  liabilities. The worth is just an estimation of worth, not what someone is actually going to pay you. Could actually be higher or lower. In today's brutal market probably lower..

I understand her situation. I am developing my website called MyMissYouSpace and I have to budget carefully. As a Doctoral Student in Business and technology, independent contractor for Information Technology I know that startups and balancing a check book is tough. I would say live modestly so that your business can strive.

Grow up!  You could feed Africa with $150K!

In this society before the price hike of petroleum products and the chain reaction that created higher prices for other essentil things , a single person with a steady income of $12,000 per year could have lived in some parts of the country with three meals per day and a roof over his/her income.  The catch is he/she should know the differnce between want and need clearly and use the money only for needs.

When your OUTGO is more than your INCOME, your UPKEEP is your DOWNFALL.