I concur. Well done, you should be commended for this great progress!irr wrote: ↑Mon Jan 24, 2022 9:29 amBravo. That's incredibly impressive with tithing and your wife staying home. Keep it up!freedomlover wrote: ↑Sat Jan 22, 2022 8:07 am We are really behind for our ages, as compared to most folks here! We started saving late but wouldn't trade having wife home raising children for anything! No regrets. While nothing is guaranteed, my parents have told us we could expect about a $3 million inheritance. It is nice to know, but it does not impact our current financial decisions as we are conservative with spending, saving about 25% of our income and still giving 10%.
Share your net worth progression
- Darth Xanadu
- Posts: 1108
- Joined: Sat Jan 27, 2018 12:47 am
- Location: MA
Re: Share your net worth progression
Re: Share your net worth progression
This thread went quiet after the latest turn (~10%). I'm not looking forward to the monthly summary but fortunately the diversified portfolio is doing its thing and smoothing out the dip.
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- Posts: 52
- Joined: Sat Dec 14, 2019 5:46 pm
Re: Share your net worth progression
[
2021 $2,914,597 age 40, investment growth, plus saved 30% of my gross salary this year
[/quote]
2022 $3,769,837 age 41, investment growth, and property appreciation
[/quote]
Very impressive at 41 years young. How is a savings of 30% on gross salary possible. Is it a high paying profession such as a Doctor?
2021 $2,914,597 age 40, investment growth, plus saved 30% of my gross salary this year
[/quote]
2022 $3,769,837 age 41, investment growth, and property appreciation
[/quote]
Very impressive at 41 years young. How is a savings of 30% on gross salary possible. Is it a high paying profession such as a Doctor?
Re: Share your net worth progression
Didn't have much money in college and thought $3k in moving expenses was a lot of money starting out. Didn't start tracking until a few years after graduation, when I wanted to get serious about eliminating my student loans, but have been pretty strict about it since then. Chemical engineering degree, trained in process control and instrumentation, and now work as a software programmer of control systems. Did 100% travel internationally for work earlier in my career, so was able to stash a lot of cash from not having many expenses. Always maxed out and invested the 401k, but didn't start investing IRA contributions and excess cash until I stopped traveling in late 2016. Wealthfront and Personal Capital helped me get over that analysis paralysis and this site helped me gain the confidence to go my own way in 2021.
Year | Age | Net Worth
----------------------
2011 | 25 | $35k
2012 | 26 | $87k ***student loans eliminated***
2013 | 27 | $148k
2014 | 28 | $251k
2015 | 29 | $357k
2016 | 30 | $468k
2017 | 31 | $558k ***stopped traveling for work, leased a muscle car, rented an apartment, bought a lot of electronics***
2018 | 32 | $590k
2019 | 33 | $573k
2020 | 34 | $698k ***took some gains and bought a sports car***
2021 | 35 | $835k ***started lurking Bogleheads, took control of investments, simplified my portfolio, first year of I bonds***
2022 | 36 | $1014k ***trying to stay the course, first full year doing mega backdoor Roth***
*edited NW values to include pension lump sum value
Year | Age | Net Worth
----------------------
2011 | 25 | $35k
2012 | 26 | $87k ***student loans eliminated***
2013 | 27 | $148k
2014 | 28 | $251k
2015 | 29 | $357k
2016 | 30 | $468k
2017 | 31 | $558k ***stopped traveling for work, leased a muscle car, rented an apartment, bought a lot of electronics***
2018 | 32 | $590k
2019 | 33 | $573k
2020 | 34 | $698k ***took some gains and bought a sports car***
2021 | 35 | $835k ***started lurking Bogleheads, took control of investments, simplified my portfolio, first year of I bonds***
2022 | 36 | $1014k ***trying to stay the course, first full year doing mega backdoor Roth***
*edited NW values to include pension lump sum value
Last edited by m0derton on Sat Feb 05, 2022 1:32 am, edited 1 time in total.
- Cranberry44
- Posts: 395
- Joined: Sun May 17, 2020 1:46 pm
Re: Share your net worth progression
Duplicate
Last edited by Cranberry44 on Thu Feb 03, 2022 7:52 pm, edited 1 time in total.
- Cranberry44
- Posts: 395
- Joined: Sun May 17, 2020 1:46 pm
Re: Share your net worth progression
Code: Select all
May '20 = $ 73,336.06
Jun '20 = $ 75,468.50
Jul '20 = $ 77,184.05
Aug '20 = $ 92,900.98
Sep '20 = $ 97,478.25
Oct '20 = $ 102,538.63
Nov '20 = $ 107,563.10
Dec '20 = $ 122,352.93
Jan '21 = $ 139,812.17
Feb '21 = $ 154,064.17
Mar '21 = $ 152,761.64
Apr '21 = $ 163,818.43
May '21 = $ 177,590.51
Jun '21 = $ 182,260.12
Jul '21 = $ 187,298.62
Aug '21 = $ 193,806.75
Sep '21 = $ 202,763.68
Oct '21 = $ 202,208.82
Nov '21 = $ 221,460.13
Dec '21 = $ 221,563.81
Jan '22 = $ 230,929.35
Feb '22 = $ 218,258.10
- Yesterdaysnews
- Posts: 964
- Joined: Sun Sep 14, 2014 1:25 pm
- Location: Sugar Land, TX
Re: Share your net worth progression
Do people include their primary residence in these numbers? My house is paid off but I never add it's value to my mental NW calculations. I realize it is an asset I own, but it produces no income, is highly illiquid and carry costs are substantial. By a strict def of NW I suppose it counts, but I am not even sure what it would fetch on the market as I have no interest in selling.
Re: Share your net worth progression
I keep an asset sheet in excel. It lists cash assets and my post only included that number. But on my spreadsheet I do include the house but only on the Assessor established value, which is typically lower than what Zillow or an appraiser might say. Like you said, it's not producing any cash, but it is an asset that an estate tax would include, and in todays market, it would be pretty liquid. (but then you'd have to find replacement housing that would cost an arm and a leg.)Yesterdaysnews wrote: ↑Thu Feb 03, 2022 9:35 pm Do people include their primary residence in these numbers? My house is paid off but I never add it's value to my mental NW calculations. I realize it is an asset I own, but it produces no income, is highly illiquid and carry costs are substantial. By a strict def of NW I suppose it counts, but I am not even sure what it would fetch on the market as I have no interest in selling.
Re: Share your net worth progression
Thanks for sharing! My wife and I too have a much more “normal” income and have always worked in the non profit world, as well as my wife staying at home with our two boys for about a 6 year stretch when they were younger. Additionally, we have always tithed 10% of our gross income and we give an additional 5% on average. We have no regrets and have found this path to be one that has brought a lot of joy to our lives. We have much to feel grateful for. My wife and I are 40 & 41, we are saving as much as we can at this stage and have seen some good progress over the last few years as we are now mid level career and our salaries have increased some, even though they are still low comparatively speaking due to the field of work we are in. I always appreciate the perspective of those one Bogleheads who have a more modest income as it really does show the power of index investing for the long haul really does produce great results as long as you are patient and consistent. Given enough time anyone can see significant progress. The difficult thing is to not compare your journey with someone else’s story and instead just focus on writing your own beautiful story with your life.freedomlover wrote: ↑Sat Jan 22, 2022 8:07 am I would like to offer a different net worth progression! Much more average/below average. We did not have good jobs out of college, average wage earners, lots of debt, chose to have wife home to raise children so very little savings for many years. We have also tithed 10% of our gross income all of these years.
2002: $51,754 (ages 29,33)
2003: $72,037
2004: $100,252 (son is born, wife is SAHM, so we are now single income, $60-70k/year)
2005: $118,821 (purchase larger home, mortgage is $197k)
2006: $143,913 (son is born)
2007: $166,315
2008: no data
2009: no data
2010: $185,835
2011: $216,412
2012: $280,773 (wife takes on p/t job $2k/mo)
2013: $310,719
2014: $367,040
2015: $399,160 (only debt is mortgage, $136k)
2016: $481,809 (wife's income increases substantially, we are now saving $40k/year for retirement)
2017: $553,422 (finish basement for $40k, paid in cash)
2018: $612,029
2019: $758,479
2020: $1,024,265
2021: $1,245,531 (ages 48, 53 -- 20% home equity, 80% savings -- $76k remaining mortgage, no other debt)
We are really behind for our ages, as compared to most folks here! We started saving late but wouldn't trade having wife home raising children for anything! No regrets. While nothing is guaranteed, my parents have told us we could expect about a $3 million inheritance. It is nice to know, but it does not impact our current financial decisions as we are conservative with spending, saving about 25% of our income and still giving 10%.
Re: Share your net worth progression
I do not include it because I don't technically have a home.Yesterdaysnews wrote: ↑Thu Feb 03, 2022 9:35 pm Do people include their primary residence in these numbers? My house is paid off but I never add it's value to my mental NW calculations. I realize it is an asset I own, but it produces no income, is highly illiquid and carry costs are substantial. By a strict def of NW I suppose it counts, but I am not even sure what it would fetch on the market as I have no interest in selling.
However, even if I did I would not as the true value (money available to me) is minus all the costs associated with selling and moving into a new place, too hard to manually calculate that every month. Also there is no easy way to find the value of your home it's all guesses based on Zillow or realtor advertisements.
Also, it would give me a false sense of having more money that I would really have to spend (can't withdraw money from a home's value in the sense you could from a brokerage account if you FIRE). Ultimately NW for me is a way to calculate how much money I have to give on and is it enough for me to stop working and be okay.
Re: Share your net worth progression
I include the Prop 13 assessment value of my house in my net worth calculation. Flat 2% linear increase each year from purchase date. That way, I'm not including market variations. It is far lower than the Redfin estimate by the way.Yesterdaysnews wrote: ↑Thu Feb 03, 2022 9:35 pm Do people include their primary residence in these numbers? My house is paid off but I never add it's value to my mental NW calculations. I realize it is an asset I own, but it produces no income, is highly illiquid and carry costs are substantial. By a strict def of NW I suppose it counts, but I am not even sure what it would fetch on the market as I have no interest in selling.
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- Posts: 3563
- Joined: Sat Oct 26, 2013 6:53 pm
- Location: Bay Area
Re: Share your net worth progression
You're doing incredible and that growth rate in less than 2 years is impressive.Cranberry44 wrote: ↑Thu Feb 03, 2022 7:52 pmHigh school teacher, early-ish 30s. Slowly but surely.... 75% US, 20% Int. 5% emergency fund and a bit of "funny money"Code: Select all
May '20 = $ 73,336.06 Jun '20 = $ 75,468.50 Jul '20 = $ 77,184.05 Aug '20 = $ 92,900.98 Sep '20 = $ 97,478.25 Oct '20 = $ 102,538.63 Nov '20 = $ 107,563.10 Dec '20 = $ 122,352.93 Jan '21 = $ 139,812.17 Feb '21 = $ 154,064.17 Mar '21 = $ 152,761.64 Apr '21 = $ 163,818.43 May '21 = $ 177,590.51 Jun '21 = $ 182,260.12 Jul '21 = $ 187,298.62 Aug '21 = $ 193,806.75 Sep '21 = $ 202,763.68 Oct '21 = $ 202,208.82 Nov '21 = $ 221,460.13 Dec '21 = $ 221,563.81 Jan '22 = $ 230,929.35 Feb '22 = $ 218,258.10
I'm an elementary school teacher. At your age (early 30s), I had a negative net worth. It took years to dig out of that and get into positive territory. I'm in a much better place now, at age 47, thanks to a relatively high savings rate and a bit of luck over the years.
Anyhow, congrats on your success!
Re: Share your net worth progression
I think it's especially fine to keep it as part of your NW when it's paid off.Yesterdaysnews wrote: ↑Thu Feb 03, 2022 9:35 pm Do people include their primary residence in these numbers? My house is paid off but I never add it's value to my mental NW calculations. I realize it is an asset I own, but it produces no income, is highly illiquid and carry costs are substantial. By a strict def of NW I suppose it counts, but I am not even sure what it would fetch on the market as I have no interest in selling.
Think of it this way - if you sold a $1 million house and downsized to a $500k house later in life, does it make sense that all of a sudden you get $500k windfall in income for your net worth? No, you already had it.
Investable/liquid assets is a different thing than net worth calculations to me..
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- Posts: 42
- Joined: Wed Jan 13, 2021 8:34 pm
Re: Share your net worth progression
Age 22 here, living at home with parents while doing masters online and working in a LCOL area. Started investing after first year of undergrad.
All financial values are taken from January 1 of the respective year:
Job is flexible and suitable for online masters and the current salary is $43,000. Couldn't ask for anything more
Looking forward to the next 30 years
All financial values are taken from January 1 of the respective year:
- 2019 -- $18,037.07 -- Interned over summer; in second year of bachelors. Money is from refunds of scholarship + internship income
- 2020 -- $36,079.89 -- Interned over summer; in third & last year of bachelors. Money is from refunds of scholarship + internship income
- 2021 -- $53,717.54 -- Got a job after graduating right into the May 2020 covid slump (lucked out massively -- I know) and am doing masters. Money is from refunds of scholarship + job income
- 2022 -- $138,466.88 -- Second year of masters + job + a modest windfall (inheritance)
Job is flexible and suitable for online masters and the current salary is $43,000. Couldn't ask for anything more
Looking forward to the next 30 years
Re: Share your networth progression
Updating since Oct 2018...VAslim16 wrote: ↑Sat Jan 12, 2019 7:24 pmAnother update:VAslim16 wrote: ↑Tue Nov 15, 2016 3:41 pmMy update:VAslim16 wrote:Current age: 36. Unfortunately wasted my 20s and early 30s spending too much and not saving. Over the last 4 years since finding this site I'm proud of the progress I've made. Hopefully I'm on track now to be in good shape around 60-65.
May 2011: -$46,118
May 2012: -$13,336
May 2013: $2,978
Apr 2014: $34,900
Apr 2015: $64,475
Current salary is $60K
Oct 2016: $107,950. Feels good to have amassed the first 100K. Still a long ways to go though.
Oct 2017: 169,000
Oct 2018: 209,000
May 2011: -46,118
May 2012: -13,336
May 2013: 2,978
Apr 2014: 34,900
Apr 2015: 64,475
Oct 2016: 107,950
Oct 2017: 169,000
Oct 2018: 209,000
Jan 2019: 221,800
Jan 2020: 269,025
Jan 2021: 325,175
Jan 2022: 332,925
2021 was NOT a good year for me. Some poor decisions, but the upward trend is still there. Pretty happy overall with my direction, save 2021.
Last edited by VAslim16 on Sat Feb 05, 2022 10:12 am, edited 1 time in total.
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- Posts: 15368
- Joined: Fri Dec 31, 2010 8:53 am
Re: Share your net worth progression
Great to see young adults starting off right. You are killing it.mtwistercapitalist wrote: ↑Fri Feb 04, 2022 9:40 pm Age 22 here, living at home with parents while doing masters online and working in a LCOL area. Started investing after first year of undergrad.
All financial values are taken from January 1 of the respective year:
- 2019 -- $18,037.07 -- Interned over summer; in second year of bachelors. Money is from refunds of scholarship + internship income
- 2020 -- $36,079.89 -- Interned over summer; in third & last year of bachelors. Money is from refunds of scholarship + internship income
- 2021 -- $53,717.54 -- Got a job after graduating right into the May 2020 covid slump (lucked out massively -- I know) and am doing masters. Money is from refunds of scholarship + job income
About $100,000 are for a protracted rainy-day/downturn fund and the rest are in long-term tax-advantaged/taxable accounts to prepare for financial independence.
- 2022 -- $138,466.88 -- Second year of masters + job + a modest windfall (inheritance)
Job is flexible and suitable for online masters and the current salary is $43,000. Couldn't ask for anything more
Looking forward to the next 30 years
- Cranberry44
- Posts: 395
- Joined: Sun May 17, 2020 1:46 pm
Re: Share your net worth progression
Thanks, Ron!! Your posts and story have motivated me since I became aware of you some months back.Ron Ronnerson wrote: ↑Fri Feb 04, 2022 7:16 pmYou're doing incredible and that growth rate in less than 2 years is impressive.Cranberry44 wrote: ↑Thu Feb 03, 2022 7:52 pmHigh school teacher, early-ish 30s. Slowly but surely.... 75% US, 20% Int. 5% emergency fund and a bit of "funny money"Code: Select all
May '20 = $ 73,336.06 Jun '20 = $ 75,468.50 Jul '20 = $ 77,184.05 Aug '20 = $ 92,900.98 Sep '20 = $ 97,478.25 Oct '20 = $ 102,538.63 Nov '20 = $ 107,563.10 Dec '20 = $ 122,352.93 Jan '21 = $ 139,812.17 Feb '21 = $ 154,064.17 Mar '21 = $ 152,761.64 Apr '21 = $ 163,818.43 May '21 = $ 177,590.51 Jun '21 = $ 182,260.12 Jul '21 = $ 187,298.62 Aug '21 = $ 193,806.75 Sep '21 = $ 202,763.68 Oct '21 = $ 202,208.82 Nov '21 = $ 221,460.13 Dec '21 = $ 221,563.81 Jan '22 = $ 230,929.35 Feb '22 = $ 218,258.10
I'm an elementary school teacher. At your age (early 30s), I had a negative net worth. It took years to dig out of that and get into positive territory. I'm in a much better place now, at age 47, thanks to a relatively high savings rate and a bit of luck over the years.
Anyhow, congrats on your success!
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- Posts: 780
- Joined: Thu Jan 02, 2020 2:47 pm
Re: Share your net worth progression
Year | Age | Net Worth
---------------------------
Dec 2015 | 31 | $73k
Dec 2016 | 32 | $102k
Dec 2017 | 33 | $141k
Dec 2018 | 34 | $161k
Dec 2019 | 35 | $261k -Married, wife added into tracking sheet this year. Larger wage increase middle of year with new job.
Dec 2020 | 36 | $358k -Another larger wage increase middle of year for market adjustment.
Dec 2021 | 37 | $496k -Our baby boy was born .
Thankfully no inheritances yet, all increases due to wages and market gains. My income has increased from about 60k in 2015 to about 135k now. DW adds in about 30k so we currently total around 165k which is very good for our area. I do not anticipate any more large wage increases beyond the normal 3-4% annually.
---------------------------
Dec 2015 | 31 | $73k
Dec 2016 | 32 | $102k
Dec 2017 | 33 | $141k
Dec 2018 | 34 | $161k
Dec 2019 | 35 | $261k -Married, wife added into tracking sheet this year. Larger wage increase middle of year with new job.
Dec 2020 | 36 | $358k -Another larger wage increase middle of year for market adjustment.
Dec 2021 | 37 | $496k -Our baby boy was born .
Thankfully no inheritances yet, all increases due to wages and market gains. My income has increased from about 60k in 2015 to about 135k now. DW adds in about 30k so we currently total around 165k which is very good for our area. I do not anticipate any more large wage increases beyond the normal 3-4% annually.
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- Posts: 25
- Joined: Wed Sep 23, 2020 6:40 pm
Re: Share your net worth progression
January 2005: graduated high school age 18 = +5K (worked a minimum wage summer job and invested that in roth ira)
January 2015: graduated medical school at 28 = +30K (from above investment, part time min wage job, + no college or med school debt)
June 2019: graduated residency at 32 = +60K (invested 6K in roth ira each year during residency)
June 2019 to present: started attending hospitalist job at age 32, salary ~350K , savings rate 50% , net worth in around ~2.5 years out is +600K
No plans to fully retire early even if I hit FI, due to enjoying my career overall despite the ups/downs. But once I reach FI, would love to switch to part time work in my late 40s/early 50s.
January 2015: graduated medical school at 28 = +30K (from above investment, part time min wage job, + no college or med school debt)
June 2019: graduated residency at 32 = +60K (invested 6K in roth ira each year during residency)
June 2019 to present: started attending hospitalist job at age 32, salary ~350K , savings rate 50% , net worth in around ~2.5 years out is +600K
No plans to fully retire early even if I hit FI, due to enjoying my career overall despite the ups/downs. But once I reach FI, would love to switch to part time work in my late 40s/early 50s.
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- Posts: 659
- Joined: Thu Feb 01, 2018 3:01 pm
Re: Share your net worth progression
Congratulations on your progress. What’s your FI number?Physician101 wrote: ↑Wed Feb 09, 2022 6:22 pm January 2005: graduated high school age 18 = +5K (worked a minimum wage summer job and invested that in roth ira)
January 2015: graduated medical school at 28 = +30K (from above investment, part time min wage job, + no college or med school debt)
June 2019: graduated residency at 32 = +60K (invested 6K in roth ira each year during residency)
June 2019 to present: started attending hospitalist job at age 32, salary ~350K , savings rate 50% , net worth in around ~2.5 years out is +600K
No plans to fully retire early even if I hit FI, due to enjoying my career overall despite the ups/downs. But once I reach FI, would love to switch to part time work in my late 40s/early 50s.
- HMSVictory
- Posts: 1715
- Joined: Sun Nov 01, 2020 6:02 am
- Location: Lower Gun Deck
Re: Share your net worth progression
Yes the house is an asset and should be included in your net worth. Even though your house has carry costs it saves you the cost of renting a comparable home which results in your monthly expenditures being lower than they would if renting. You can carry it on your balance sheet as what you paid for it (very conservative) or what it is worth now (more accurate). I used to use what what paid for our home but now I use what we sold it for! Ha!Yesterdaysnews wrote: ↑Thu Feb 03, 2022 9:35 pm Do people include their primary residence in these numbers? My house is paid off but I never add it's value to my mental NW calculations. I realize it is an asset I own, but it produces no income, is highly illiquid and carry costs are substantial. By a strict def of NW I suppose it counts, but I am not even sure what it would fetch on the market as I have no interest in selling.
Stay the course!
Re: Share your net worth progression
Awesome job and congrats on the boy! You've made fantastic gains in NW. Keep it up.Onlineid3089 wrote: ↑Sat Feb 05, 2022 9:49 am Year | Age | Net Worth
---------------------------
Dec 2015 | 31 | $73k
Dec 2016 | 32 | $102k
Dec 2017 | 33 | $141k
Dec 2018 | 34 | $161k
Dec 2019 | 35 | $261k -Married, wife added into tracking sheet this year. Larger wage increase middle of year with new job.
Dec 2020 | 36 | $358k -Another larger wage increase middle of year for market adjustment.
Dec 2021 | 37 | $496k -Our baby boy was born .
Real estate, where even the most mediocre can become wealthy.
Re: Share your net worth progression
Age: 30 + 28, dual income family, 1 child under 2, L-MCOL.
2014: 3k (Graduated College, began career)
2015: 10k (Bought 1st home + rented to friends who lived with me to cover mortgage)
2016: 52k
2017: 92k (Got married, added wife's income)
2018: 186k (Sold 1st home and purchased current family home)
2019: 234k
2020: 309k (Had 1st child, wife stopped working temporarily)
2021: 590k (wife began working again)
2022: 709k
Starting to see the fruits of our labor with aggressive investing rate as we have been maxing my 401k, both our roths, and additional taxable. My compensation at work has tripled since I started (Data Analytics) and we have steadily increased our saving/investing. Hoping to it 2-comma by 2024.
2014: 3k (Graduated College, began career)
2015: 10k (Bought 1st home + rented to friends who lived with me to cover mortgage)
2016: 52k
2017: 92k (Got married, added wife's income)
2018: 186k (Sold 1st home and purchased current family home)
2019: 234k
2020: 309k (Had 1st child, wife stopped working temporarily)
2021: 590k (wife began working again)
2022: 709k
Starting to see the fruits of our labor with aggressive investing rate as we have been maxing my 401k, both our roths, and additional taxable. My compensation at work has tripled since I started (Data Analytics) and we have steadily increased our saving/investing. Hoping to it 2-comma by 2024.
- Chief_Engineer
- Posts: 176
- Joined: Wed Jan 15, 2014 8:32 pm
Re: Share your net worth progression
Age 34 + 32, 2 kids, LCOL
2018: -$214k -- This is our lowest networth and lines up when I started working after funding for my PhD ran out
2019: -$191k
2020: -$156k -- In 2019 we bought and renovated a house leading to large expenses
2021: -$59k -- 2020 was first year we maxed out both 401ks
Sep 2021: $0 -- !!!
2022: $16k
I finally got around to updating our accounts for the first time since before the pandemic. I suspected we were close to getting back to positive territory. I had no idea we crossed zero back in September. I also had no idea just how big of a year 2020 was for us. Stimulus and the student loan interest being 0% played a big part.
I'll admit we aren't the most aggressive in attacking our debt. But living in a LCOL area has helped immensely. We intentionally bought a reasonable house for much less than 1x income, and focused on functional renovations (electrical, plumbing, HVAC). It's nice to see our efforts begin to pay off.
2018: -$214k -- This is our lowest networth and lines up when I started working after funding for my PhD ran out
2019: -$191k
2020: -$156k -- In 2019 we bought and renovated a house leading to large expenses
2021: -$59k -- 2020 was first year we maxed out both 401ks
Sep 2021: $0 -- !!!
2022: $16k
I finally got around to updating our accounts for the first time since before the pandemic. I suspected we were close to getting back to positive territory. I had no idea we crossed zero back in September. I also had no idea just how big of a year 2020 was for us. Stimulus and the student loan interest being 0% played a big part.
I'll admit we aren't the most aggressive in attacking our debt. But living in a LCOL area has helped immensely. We intentionally bought a reasonable house for much less than 1x income, and focused on functional renovations (electrical, plumbing, HVAC). It's nice to see our efforts begin to pay off.
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- Posts: 73
- Joined: Wed Sep 11, 2013 11:38 am
Re: Share your net worth progression
As someone who lived in the negative territory for a LONG time, I can tell you, it'll get better if you stick with it. Your numbers are like mine 10 years ago.Chief_Engineer wrote: ↑Tue Feb 15, 2022 9:05 pm Age 34 + 32, 2 kids, LCOL
2018: -$214k -- This is our lowest networth and lines up when I started working after funding for my PhD ran out
2019: -$191k
2020: -$156k -- In 2019 we bought and renovated a house leading to large expenses
2021: -$59k -- 2020 was first year we maxed out both 401ks
Sep 2021: $0 -- !!!
2022: $16k
I finally got around to updating our accounts for the first time since before the pandemic. I suspected we were close to getting back to positive territory. I had no idea we crossed zero back in September. I also had no idea just how big of a year 2020 was for us. Stimulus and the student loan interest being 0% played a big part.
I'll admit we aren't the most aggressive in attacking our debt. But living in a LCOL area has helped immensely. We intentionally bought a reasonable house for much less than 1x income, and focused on functional renovations (electrical, plumbing, HVAC). It's nice to see our efforts begin to pay off.
Re: Share your net worth progression
I've noticed that any time the markets take a dip, this thread gets very quiet.
Re: Share your net worth progression
What is the best way to jump up in NW? Increase income?
- HMSVictory
- Posts: 1715
- Joined: Sun Nov 01, 2020 6:02 am
- Location: Lower Gun Deck
Re: Share your net worth progression
Mine went up dramatically when I paid off everything including my house as my savings rate topped 32% of my income. Its amazing how much money you have left over when you aren't sending it out via payments.
Stay the course!
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- Joined: Thu Jul 09, 2015 7:00 pm
Re: Share your net worth progression
That’s the way it should be. Don’t peak, but especially don’t peak when the market is down.
The most precious gift we can offer anyone is our attention. - Thich Nhat Hanh
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- Location: Houston, TX Area
Re: Share your net worth progression
35 with wife and one doggie.
2022 we'll likely get another doggie and my wife wants to get pregnant. Wife is aiming for full time teaching job in fall which increases our family income 50. We have money to pay off her remaining student debt, but are waiting, to see what happens in May with Biden and Dems (not hopeful)! We are also using extra income (my bonus and tax refund) for new furniture to fill our house (2,745 sqft).
12/2021 $440,000 - Put $125,000 down on house valued at $430,000. Wife student taught and subbed while getting all her certifications. Her student debt down to $20,000.
12/2020 $470,000 - Engagement ring expenses of $5,000. Had Zoom wedding. Began helping wife pay off college debt of $44,000, while she also, changes careers from restaurant manager to elementary school music teacher.
12/2019 $350,000
12/2018 $275,000 - Bought new car in cash ($20,000)
12/2017 $250,000
12/2016 $180,000
2022 we'll likely get another doggie and my wife wants to get pregnant. Wife is aiming for full time teaching job in fall which increases our family income 50. We have money to pay off her remaining student debt, but are waiting, to see what happens in May with Biden and Dems (not hopeful)! We are also using extra income (my bonus and tax refund) for new furniture to fill our house (2,745 sqft).
12/2021 $440,000 - Put $125,000 down on house valued at $430,000. Wife student taught and subbed while getting all her certifications. Her student debt down to $20,000.
12/2020 $470,000 - Engagement ring expenses of $5,000. Had Zoom wedding. Began helping wife pay off college debt of $44,000, while she also, changes careers from restaurant manager to elementary school music teacher.
12/2019 $350,000
12/2018 $275,000 - Bought new car in cash ($20,000)
12/2017 $250,000
12/2016 $180,000
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- Joined: Tue Sep 24, 2019 6:11 am
- Location: australia
Re: Share your net worth progression
for anyone out there truly embracing "buy and hold" when it comes to securities, the current price offered by volatile mr market for your portfolio should be irrelevant, if you're not planning to liquidate the entire portfolio today, why should you care what price you would get for that is? if it's a bad price, and you're not forced to sell, then don't sell. instead you could estimate the long term value you obtain by holding the portfolio. part of that will be anchored by bond coupon repayments, dividends, etc, that are largely decoupled from today's share price. this would give you an estimate of net worth that is a lot less sensitive to the daily financial froth and noise on any one day.
mark-to-market, my portfolio has decreased by about 10% in the last month and a half. mostly driven by whimsical mr market. but i don't care about that, that's outside my control and irrelevant to the long term value as i continue to hold the portfolio.
the recent loss that does sting a bit is where i made an unforced error and invested about 0.2% in a company showing some external symptoms of possible accounting irregularities. after i invested, the company then proceeded to announce that a director had resigned and been replaced, missed the deadline to file quarterly financials, got delisted from the stock exchange, then announced that much of the company's historical financials -- which i used to base my decision to invest -- were fictitious and had been falsified by the former directors fabricating sales to customers, etc. i regard this as "unforced error" on my part as there were symptoms of potential accounting fraud in the public disclosures on the company website at the time i made the decision to invest, and i simply didn't read those disclosures . Incinerating 0.2% of the portfolio isn't a huge loss in the broader scheme of things but is a somewhat expensive teachable moment about manually doing or outsourcing due diligence. ( cue general mirth from all true low-cost passive index holding bogleheads, who have outsourced responsibility for this to vanguard, msci & co, and who are shielded from having to look too closely at what mischief the directors of companies they invest in get up to at the investor's expense ! )
Re: Share your net worth progression
Initially savings rate for the first 10 years. After that market returns start being more important. But one cannot control that.
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
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Re: Share your net worth progression
Thats like saying have rich parents lolNiceUnparticularMan wrote: ↑Sun Mar 06, 2022 7:11 amMarry well.
I note this plan backtests robustly to the beginning of recorded history.
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- Joined: Tue May 27, 2008 10:48 am
- Location: West Coast
Re: Share your net worth progression
There’s nothing you can do to change your parents, but you can do something about who you wed.newyorker wrote: ↑Sun Mar 06, 2022 9:31 amThats like saying have rich parents lolNiceUnparticularMan wrote: ↑Sun Mar 06, 2022 7:11 amMarry well.
I note this plan backtests robustly to the beginning of recorded history.
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Re: Share your net worth progression
Beat me to it. I married a dentist the first time around yet there is no doubt marrying my 2nd wife (who was making $11/hr and was planning on being a SAHM when we wed) has been the biggest factor in the progression of my NW.angelescrest wrote: ↑Sun Mar 06, 2022 11:54 amThere’s nothing you can do to change your parents, but you can do something about who you wed.newyorker wrote: ↑Sun Mar 06, 2022 9:31 amThats like saying have rich parents lolNiceUnparticularMan wrote: ↑Sun Mar 06, 2022 7:11 amMarry well.
I note this plan backtests robustly to the beginning of recorded history.
Re: Share your net worth progression
Was she wasteful?stoptothink wrote: ↑Sun Mar 06, 2022 11:57 amBeat me to it. I married a dentist the first time around yet there is no doubt marrying my 2nd wife (who was making $11/hr and was planning on being a SAHM when we wed) has been the biggest factor in the progression of my NW.angelescrest wrote: ↑Sun Mar 06, 2022 11:54 amThere’s nothing you can do to change your parents, but you can do something about who you wed.newyorker wrote: ↑Sun Mar 06, 2022 9:31 amThats like saying have rich parents lolNiceUnparticularMan wrote: ↑Sun Mar 06, 2022 7:11 amMarry well.
I note this plan backtests robustly to the beginning of recorded history.
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Re: Share your net worth progression
She had living standards that mirrored her upper-class upbringing and her future career (we married when she was finishing undergrad, divorced in her final semester of dental school). Differences in expected spending was almost entirely responsible for our divorce. Current wife has frugal spending habits like me...and now earns about what the average dentist does.newyorker wrote: ↑Sun Mar 06, 2022 12:43 pmWas she wasteful?stoptothink wrote: ↑Sun Mar 06, 2022 11:57 amBeat me to it. I married a dentist the first time around yet there is no doubt marrying my 2nd wife (who was making $11/hr and was planning on being a SAHM when we wed) has been the biggest factor in the progression of my NW.angelescrest wrote: ↑Sun Mar 06, 2022 11:54 amThere’s nothing you can do to change your parents, but you can do something about who you wed.newyorker wrote: ↑Sun Mar 06, 2022 9:31 amThats like saying have rich parents lolNiceUnparticularMan wrote: ↑Sun Mar 06, 2022 7:11 am
Marry well.
I note this plan backtests robustly to the beginning of recorded history.
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Re: Share your net worth progression
It’s reassuring in its own way. This is the first time my net worth will probably dip significantly since I’ve put a considerable amount in my retirement and brokerage accounts. Technically it dipped pretty severely with the 2020 crash, but my net worth was still negative then so it was easier to put in the back of my mind.finite_difference wrote: ↑Sat Mar 05, 2022 4:29 pmThat’s the way it should be. Don’t peak, but especially don’t peak when the market is down.
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Re: Share your net worth progression
Yeah, I was not in fact kidding, in the sense I think the financial consequences of your spousal decisions can be really, really big, including whether or not you get married at all.stoptothink wrote: ↑Sun Mar 06, 2022 1:55 pmShe had living standards that mirrored her upper-class upbringing and her future career (we married when she was finishing undergrad, divorced in her final semester of dental school). Differences in expected spending was almost entirely responsible for our divorce. Current wife has frugal spending habits like me...and now earns about what the average dentist does.newyorker wrote: ↑Sun Mar 06, 2022 12:43 pmWas she wasteful?stoptothink wrote: ↑Sun Mar 06, 2022 11:57 amBeat me to it. I married a dentist the first time around yet there is no doubt marrying my 2nd wife (who was making $11/hr and was planning on being a SAHM when we wed) has been the biggest factor in the progression of my NW.angelescrest wrote: ↑Sun Mar 06, 2022 11:54 amThere’s nothing you can do to change your parents, but you can do something about who you wed.
But what it means to "marry well" can be a bit complicated. Obviously a spouse with a big inheritance and/or a lot of human capital is going to help your NW all else being equal, but rarely is all else truly equal. So you have to consider things like being compatible in terms of budgeting, saving, child expectations, and general financial planning, being supportive of each other's careers (as relevant), minimizing the risk of divorce (which not surprisingly is often related to these other issues), and so on.
And of course NW is far from all of what matters in life. But if one is asking purely as a descriptive matter what besides managing your own career is likely to have the most impact on your NW, then I truly believe who you marry (or if you decide not to marry) is at least the next-most important thing. And could in fact be the most important thing of all.
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- Joined: Wed Sep 09, 2015 4:44 pm
Re: Share your net worth progression
Personally, I only update on an annual basis, so late December or early January updates. Just so happens that was a market peak. But my NW has actually crept up a wee bit because I am overweight oil and gas through employer equity comp, which has increased enough to offset the market losses.
Re: Share your net worth progression
The issue I find among friends, when they marry too well, raising kid in a grounded environment can be tough. In the long run, this has more impact then current small squabbles. It's not that people are bad, but for spouses with upper level upbringing taking used clothes/kids stuff on facebook market place, saying no to some toys for kids, spending when going on joint vacations become contention factors. In my friends case, they are not exactly high earners but his wife's circle is filling with doctors. lawyers and engineers. While he is a single earner in a place like Bay area, he cannot keep up with appearances and expectations. A lot of drama in that relationship and with in-laws.NiceUnparticularMan wrote: ↑Mon Mar 07, 2022 10:01 amYeah, I was not in fact kidding, in the sense I think the financial consequences of your spousal decisions can be really, really big, including whether or not you get married at all.stoptothink wrote: ↑Sun Mar 06, 2022 1:55 pmShe had living standards that mirrored her upper-class upbringing and her future career (we married when she was finishing undergrad, divorced in her final semester of dental school). Differences in expected spending was almost entirely responsible for our divorce. Current wife has frugal spending habits like me...and now earns about what the average dentist does.newyorker wrote: ↑Sun Mar 06, 2022 12:43 pmWas she wasteful?stoptothink wrote: ↑Sun Mar 06, 2022 11:57 amBeat me to it. I married a dentist the first time around yet there is no doubt marrying my 2nd wife (who was making $11/hr and was planning on being a SAHM when we wed) has been the biggest factor in the progression of my NW.angelescrest wrote: ↑Sun Mar 06, 2022 11:54 am
There’s nothing you can do to change your parents, but you can do something about who you wed.
But what it means to "marry well" can be a bit complicated. Obviously a spouse with a big inheritance and/or a lot of human capital is going to help your NW all else being equal, but rarely is all else truly equal. So you have to consider things like being compatible in terms of budgeting, saving, child expectations, and general financial planning, being supportive of each other's careers (as relevant), minimizing the risk of divorce (which not surprisingly is often related to these other issues), and so on.
And of course NW is far from all of what matters in life. But if one is asking purely as a descriptive matter what besides managing your own career is likely to have the most impact on your NW, then I truly believe who you marry (or if you decide not to marry) is at least the next-most important thing. And could in fact be the most important thing of all.
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
Re: Share your net worth progression
I am not posting as my net worth has been going down. It’s ok. I have cash for 5 years when I take SS.alfaspider wrote: ↑Mon Mar 07, 2022 10:59 amPersonally, I only update on an annual basis, so late December or early January updates. Just so happens that was a market peak. But my NW has actually crept up a wee bit because I am overweight oil and gas through employer equity comp, which has increased enough to offset the market losses.
Re: Share your net worth progression
Reviving the thread while the market can't make up it's mind. I just hit 3.1m, up from 2.8m EOY '21.
Real estate, where even the most mediocre can become wealthy.
Re: Share your net worth progression
I think I'm at just under 370k right now. Ideally would like to hit 500k this year if I can invest a healthy amount and not blow too much on home renovations or other projects. Roughly 45% right now is in my paid off home. That's too much real estate allocation for me so gotta buy some more VTSAX to drop it
The 2020 market runup and a massive effort to pay off all my debts (car loans, mortgage) from 2019-2021 increased my net worth a lot. A quick estimate, I think my NW in late 2019 was closer to 145k.
The 2020 market runup and a massive effort to pay off all my debts (car loans, mortgage) from 2019-2021 increased my net worth a lot. A quick estimate, I think my NW in late 2019 was closer to 145k.
65% US Stock, 7% MCV, 6% SCV, 22% Int Stock
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- Joined: Wed Jan 08, 2020 2:44 pm
Re: Share your net worth progression
Amounts at year end
2018: (20k)
2019: 20k
2020: 80k
2021: 186k
Mid-March 2022 currently sitting at 182k.
Got some first hand experience with Murphys law this year. Messed up taxes and owed more than expected, ended up having a medical issue and maxed out yearly deductible, and it just so happens we're moving and need to buy most major appliances. Do not keep an EF and to be honest I don't regret it, alas it is unfortunate not to be shoveling cash into investments at the moment now that we have a decent dip going.
2018: (20k)
2019: 20k
2020: 80k
2021: 186k
Mid-March 2022 currently sitting at 182k.
Got some first hand experience with Murphys law this year. Messed up taxes and owed more than expected, ended up having a medical issue and maxed out yearly deductible, and it just so happens we're moving and need to buy most major appliances. Do not keep an EF and to be honest I don't regret it, alas it is unfortunate not to be shoveling cash into investments at the moment now that we have a decent dip going.
Re: Share your net worth progression
Year End Investment Balance
2011-2015 - Didn't really keep count, but never had NW higher than 40k. Income was below 85k/year until 2014 when it became 0 (went to law school)
2016 $35,000 (Got a sweet summer gig in big law that replenished some lost NW)
2017 $ 85,000 (Graduated luckily and started full time in biglaw)
2018 $ 193,875 (Grinding working 80+ hours)
2019 $ 386,070 (More grinding and hating biglaw)
2020 $ 619,625 (Quit big law and switched in-house for similar pay)
2021 $ 982,368
2022 $ 988,636
Briefly was over $1mm in January, but alas this market. Down about -83k this year alone, so hoping to see a nice pop as markets hopefully go back up. Dumped all of my bonus into the market this week though. Glad I got out of biglaw and have had relatively much more chill time last two years. The salaries have increasing ridiculously and my former classmates make double the amount I do now...but I think I might be happier. I fortunately went to law school for free, so only took a 3 year hit to income (opportunity cost).
2011-2015 - Didn't really keep count, but never had NW higher than 40k. Income was below 85k/year until 2014 when it became 0 (went to law school)
2016 $35,000 (Got a sweet summer gig in big law that replenished some lost NW)
2017 $ 85,000 (Graduated luckily and started full time in biglaw)
2018 $ 193,875 (Grinding working 80+ hours)
2019 $ 386,070 (More grinding and hating biglaw)
2020 $ 619,625 (Quit big law and switched in-house for similar pay)
2021 $ 982,368
2022 $ 988,636
Briefly was over $1mm in January, but alas this market. Down about -83k this year alone, so hoping to see a nice pop as markets hopefully go back up. Dumped all of my bonus into the market this week though. Glad I got out of biglaw and have had relatively much more chill time last two years. The salaries have increasing ridiculously and my former classmates make double the amount I do now...but I think I might be happier. I fortunately went to law school for free, so only took a 3 year hit to income (opportunity cost).
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