I go back & forth on this subject. Does it mean anything it terms of my ability to defend myself or win a tournament because I have one? No. Does it say anything about my ability to teach my art? Maybe, but proably not. I think we all know great fighters who can't TEACH their way out of a paper bag. And other black belts who aren't the best fighters who are great teachers. However, in terms of the accomplishment, it has a great deal of value. But as its been said, its an internal thing, its not the belt itself. I worked harder in training than I have than anything else I've ever done. The work involved in those belts (not to mention friendships, events, etc) is very special to me. My education degrees are tucked away somewhere, but my rank certificates are promenently (sp?) displayed in my home.