Posted byon November 11, 2007
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CNN Money hosts a section on their website called Millionaires in the Making. Once or twice a month they highlight a family that is well on their way. (Or sometimes not so well.) The articles disclose salary, debt, savings, and budgets for the highlighted family.
What makes people want to give out all this information? Let’s take a look at the pros and cons of opening up the family books to strangers on the Internet (and friends and family that would be reading).
It appears that the cons are relatively emotional, and the pros educational. I am particularly interested in this topic, as I have been pondering how much disclosure about our own finances is appropriate here at My Dollar Plan. I want to give enough information to keep readers interested, understand my point of view, yet honor some of my family’s desire for privacy.
Each financial blog does it differently. Two that stick out are:
This is the first post in a series about millionaire status. Read the second one here: Do Negative Millionaires Exist?