Share your net worth progression

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills.
ipabrewer
Posts: 52
Joined: Wed Oct 28, 2009 5:30 pm
Location: OR

Re: Share your net worth progression

Post by ipabrewer »

55 yo, wife 55. Covid times got us over $1M.

Year EOY_value Contributions
2002 1,675 1,675
2003 6,416 3,231
2004 11,295 3,865
2005 17,646 5,371
2006 30,767 9,332
2007 53,606 19,807
2008 51,332 19,631
2009 81,948 20,238
2010 127,960 25,665
2011 152,929 27,014
2012 211,852 35,091
2013 298,569 35,132
2014 362,195 42,974
2015 404,818 50,587
2016 509,885 59,093
2017 688,481 65,876
2018 686,454 65,720
2019 938,281 71,631
2020 1,200,535 87,989
ucibob1
Posts: 7
Joined: Tue Jan 29, 2019 5:14 pm

Re: Share your net worth progression

Post by ucibob1 »

lazaro53 wrote: Mon Aug 16, 2021 5:28 pm
ucibob1 wrote: Fri Jan 01, 2021 4:09 pm Married - 41/41
Kids - 8/5 - HCOL Area
All Index funds, we don't own any individual stocks

As of 12.31

2013 - $500K - Age 34 - First time tracking NW
2014 - $707K
2015 - $856K
2016 - $1.02M
2017 - $1.36M
2018 - $1.54M
2019 - $1.92M
2020 - $2.46M - Age 41
Hello, Can you tell me how much did you invest per year and which index funds and allocation? We have 500 now, aiming to one million in 5 to 6 years. Thanks
Howdy - We did not track prior to 2017, we just tried to max out pre-tax accounts:

Year - Savings(pre/post tax investments) + Mortgage Paydown
2017 - 86K
2018 - 70K
2019 - 175K
2020 - 114k
2021 - 196K (projected)

All invested in target date funds and VTSAX, no individual stocks or bond funds

2021 - Current - $3.01M (Hoping we can get to $3.10 before the end of the year)
deep_woods
Posts: 2
Joined: Mon Aug 16, 2021 11:16 pm

Re: Share your net worth progression

Post by deep_woods »

Hawaiishrimp wrote: Wed Feb 03, 2021 3:15 am Update: As of Feb 1, 2021

Age 45 still, 2 kids, same wife. Still living in VHCOL, same house, same cars, same job. No inheritance. No trust fund. I wish I do, but I don't.

Still Work-from-home full time. Not much has changed in terms of lifestyle and spending habits. Still holding the same investment assets long term (i.e, buy & hold). Spent $10k on backyard improvement and bathroom remodeling. Otherwise, not much change here. Again, I am very grateful for my portfolio growth. Hope the trend continues. I think I will quit my full-time job in 5 years or less. My goal of reaching a $30M net worth is getting a little closer.

Started working in the Year 2000, but I didn't track NW numbers until 2015. See progress so far:

2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $15.3M
2021: $18.6M (as of Feb 1)

God bless you all and what a great community here. Stay healthy and wealthy.
Congratulations! What was the jump in 2020 due to? Startup exit or other such windfall? On a different note, do you use tools other than excel to track NW?
carloslando
Posts: 191
Joined: Sun Aug 23, 2020 3:28 am

Re: Share your net worth progression

Post by carloslando »

deep_woods wrote: Tue Aug 17, 2021 7:32 pm
Hawaiishrimp wrote: Wed Feb 03, 2021 3:15 am Update: As of Feb 1, 2021

Age 45 still, 2 kids, same wife. Still living in VHCOL, same house, same cars, same job. No inheritance. No trust fund. I wish I do, but I don't.

Still Work-from-home full time. Not much has changed in terms of lifestyle and spending habits. Still holding the same investment assets long term (i.e, buy & hold). Spent $10k on backyard improvement and bathroom remodeling. Otherwise, not much change here. Again, I am very grateful for my portfolio growth. Hope the trend continues. I think I will quit my full-time job in 5 years or less. My goal of reaching a $30M net worth is getting a little closer.

Started working in the Year 2000, but I didn't track NW numbers until 2015. See progress so far:

2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $15.3M
2021: $18.6M (as of Feb 1)

God bless you all and what a great community here. Stay healthy and wealthy.
Congratulations! What was the jump in 2020 due to? Startup exit or other such windfall? On a different note, do you use tools other than excel to track NW?
Hawaiishrimp has posted earlier: Tesla Stock as well as company vested stock:
viewtopic.php?p=5700632#p5700632
Comparison is the killer of all joy.
kakemono
Posts: 36
Joined: Thu Aug 19, 2021 12:53 pm

Re: Share your net worth progression

Post by kakemono »

Jan 1st:
2015 - 115k
2016 - 120k
2017 - 220k
2018 - 321k
2019 - 353k
2020 - 453k
2021 - 544k
current-703k
User avatar
InvestorNewb
Posts: 1663
Joined: Mon Sep 03, 2012 11:27 am

Re: Share your net worth progression

Post by InvestorNewb »

InvestorNewb wrote: Thu Aug 27, 2020 9:07 pm
InvestorNewb wrote: Mon Nov 04, 2019 8:45 pm
InvestorNewb wrote: Thu Jun 14, 2018 2:29 pm
InvestorNewb wrote: Wed Jun 14, 2017 3:01 pm Here are the amounts that I recall with a little story for each:

Age 22 - $30,000
I graduated university with $30k in savings. I was ahead of most of my peers because my parents paid for my schooling and I did not have to go into debt. After graduating, I spent the next few years working on my business that was already generating a small income of about $1k per month.

Age 26 - $100,000
My efforts proved to be valuable and the business saw an uphill trend in profit. I moved out of my parent's home late at age 26 with this amount saved. My mom was going to start charging my brother and I for rent (and rightfully so). We decided it was time to move out and we each got our own apartment.

Age 30 - $500,000
Between the ages of 26-30 my business had strong growth and I saved almost all of the profits. I was able to save the profits because I've been working a separate 9-5 job since the age of 24 to cover my expenses. I also use my day job as safety net in case the business goes to $0. The business began to see a downhill trend starting at age 30. At age 30, I also discovered this forum and invested most of my net worth into US stocks to compensate for the decline in active business income.

Age 33 - $900,000
By age 33, my account grew to $900k mostly due to the bull market and strong USD. I also save about 15k per year from my day job and put that into the market as well. I love saving and look forward to making contributions in my tax free/deferred accounts every year.

Age 34 (current) - $1,065,000
From the previous entry, the updated balance is mostly due to the continued bull market. I'm also working on revamping my business to make it profitable again. This isn't easy when I work 40 hours per week at my day job, but I'm squeezing time in on weekends to make it happen.
Wow - it's been exactly one year since I made the post above and I coincidentally happened to stumble upon it today. My update is below:

Age 35 (current) - $1,180,000
The updated balance is due to the continued bull market. It's amazing to see how money can grow when you save a lot of it and don't touch it. The project that I mentioned in my last entry is still in progress, but it is only 3 or 4 months away from completion. This year also marked a significant milestone in that after over a decade on contract in the public sector, I finally secured a permanent position with a pension. My job will continue to support my living expenses and I don't need to worry about being out of work or having to dip into my savings anymore.
Age 36 - $1,265,000
I'm slightly late updating this thread. I am now 37 and want to document my NW on here every year. I relaunched my business at age 36 after over three years in development. Things are very slow starting out but I'm confident that the persistence will pay off in a year or two. In terms of my career, I having been acting in a senior position for almost a year and hope that it will become a full-time position soon.
Age 37 - $1,380,000
I just turned 38 but at age 37, I saw wild swings in my net worth (as did everyone who was invested) due to covid-19. My net worth peaked at about 1.38M from what I recall. It even dipped below $1M at one point, but thankfully, I had the perseverance to stay invested and it paid off. I also secured the full-time position that I mentioned in my previous entry. The competitive process for the job was very long and stressful and I'm happy that it's over. I'm looking forward to the $1.5M milestone.
Age 38 - $1,710,000
I hit (and exceeded) the $1.5M milestone that I was hoping to attain in my previous entry. I didn't think it would come this quickly. $2M is now in sight; I would love to have $2M before 40 but I'm not sure if I will meet that goal. I only have one year left before turning 40. It would require a strong and continued bull market (+17% increase). The year went by quickly because of covid-19 and because of working from home. At work, I started acting for my managers while they were away on vacation. It seems that more of these opportunities will present themselves. I haven't decided yet if I want to be a manager but will continue to take these opportunities as they come.
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)
bungalow10
Posts: 2311
Joined: Sat Apr 09, 2011 6:28 am
Location: Chicago North Shore

Re: Share your net worth progression

Post by bungalow10 »

Delete, double post
Last edited by bungalow10 on Tue Aug 24, 2021 7:11 pm, edited 1 time in total.
An elephant for a dime is only a good deal if you need an elephant and have a dime.
bungalow10
Posts: 2311
Joined: Sat Apr 09, 2011 6:28 am
Location: Chicago North Shore

Re: Share your net worth progression

Post by bungalow10 »

I apologize, while I have religiously tracked my NW since I was 22, the software crashed and I only have exact numbers from Dec 2017 onwards.

2004/2005 -65,000 goal of 1MM by 40
2013 - third kid born
2014 - DH quits job to be SAH dad and give me career flexibility
2016 - take risk and relo to HCOL area
2017 - 1MM, 38 years old - relocate overseas
Dec 2017 - 1.2MM, turned 39. Move back to US in 2018
Dec 2018 - $1.29MM, turned 40, rough year personally and professionally, but laid ground work for good things. Also bought two cars with cash but don’t consider car value in NW

Dec 2019 - 1.6MM
Dec 2020 - 2.0MM

Current - 3.2MM - inheritance, plus good things at work and in market. Paid off house.

Thankful for this board and the words of wisdom offered here.
An elephant for a dime is only a good deal if you need an elephant and have a dime.
logic2000
Posts: 4
Joined: Sat Jan 23, 2021 3:42 pm

Re: Share your net worth progression

Post by logic2000 »

Long time lurker, first time poster. Just crossed two commas, so thought I'd share our progression. EOY balances, excluding house:

2012 $58,000
2013 $62,000
2014 $101,000
2015 $125,000
2016 $151,000
2017 $177,000
2018 $208,000 (started reading bogleheads and MMM, changed jobs, paid off house)
2019 $368,000
2020 $637,000
currently at $1,005,000
CuriousReader
Posts: 11
Joined: Tue Jun 12, 2018 11:36 am

Re: Share your net worth progression

Post by CuriousReader »

Recently found my dad's record of net worth from 1982-1992 on a handwritten index card.
He was forced out of his job when his company was bought out in 1981 at age 55.
1982--437,000
1983--577,000
1984--598,000
1985--826,000
1986--848,000
1987--798,000
1988--850,000
1989--955,000
1990--1,078,000
1991--1,241,000
1992--1,402,000
This was growth plus contributions from pension and Social Security. His house sold in 2012 for about 160,000 so not a big part of the total.
He was married. My mom passed away in 2011. He moved into independent living in 2012, then assisted living, then nursing home ( About $15,000 per month for the last 6 months) and passed away in 2017 at age 91 with about $2,500,000.
ChiKid24
Posts: 569
Joined: Fri Aug 09, 2019 3:43 pm

Re: Share your net worth progression

Post by ChiKid24 »

ChiKid24 wrote: Thu Jan 07, 2021 6:05 pm Just hit $3M today! Thought I had a chance for YE 2020, but was $21k shy. Nice start to 2021 though and I'm there.

Progression:
2007 - Age 30: $223K
2008 - Age 31: $410K (the highest year of medicare taxed earnings I've ever had)
2009 - Age 32: $487K
2010 - Age 33: $730K
2011 - Age 34: $650K
2012 - Age 35: $715K
2013 - Age 36: $1.1M (hit $1M 14 years after first post-college job)
2014 - Age 37: $1.3M
2015 - Age 38: $1.5M
2016 - Age 39: $1.9M
2017 - Age 40: $2.2M (hit $2M less than 4 years later...largely due to house appreciation, sold in 2018)
2018 - Age 41: $2.0M (never dipper below $2M, but it was close)
2019 - Age 42: $2.3M
2020 - Age 43: $2.98M
New milestone today. Net Worth of $3.5M and invested assets now over $3.0M (excludes home equity and cash). 2021 is shaping out to be a nice year as our investments have returned 17.6% YTD and both DW and I got promotions allowing us to save more. Was also able to do a no-cost refi on the mortgage to a new 30-year at 2.375%.

From a $ perspective, we're in striking distance of last year's record increase in net worth. Never thought we'd be in this position when COVID struck in Q1'2020. We've added 50% to our net worth from the market low simply by staying the course. Further support that nobody knows nothing and time in the market is much better than timing the market.
ChiKid24
Posts: 569
Joined: Fri Aug 09, 2019 3:43 pm

Re: Share your net worth progression

Post by ChiKid24 »

logic2000 wrote: Fri Aug 27, 2021 1:33 pm Long time lurker, first time poster. Just crossed two commas, so thought I'd share our progression. EOY balances, excluding house:

2012 $58,000
2013 $62,000
2014 $101,000
2015 $125,000
2016 $151,000
2017 $177,000
2018 $208,000 (started reading bogleheads and MMM, changed jobs, paid off house)
2019 $368,000
2020 $637,000
currently at $1,005,000
That's some serious growth this year. Anything major change?
keith6014
Posts: 697
Joined: Thu Jan 02, 2014 10:58 pm

Re: Share your net worth progression

Post by keith6014 »

ChiKid24 wrote: Fri Aug 27, 2021 4:49 pm
ChiKid24 wrote: Thu Jan 07, 2021 6:05 pm Just hit $3M today! Thought I had a chance for YE 2020, but was $21k shy. Nice start to 2021 though and I'm there.

Progression:
2007 - Age 30: $223K
2008 - Age 31: $410K (the highest year of medicare taxed earnings I've ever had)
2009 - Age 32: $487K
2010 - Age 33: $730K
2011 - Age 34: $650K
2012 - Age 35: $715K
2013 - Age 36: $1.1M (hit $1M 14 years after first post-college job)
2014 - Age 37: $1.3M
2015 - Age 38: $1.5M
2016 - Age 39: $1.9M
2017 - Age 40: $2.2M (hit $2M less than 4 years later...largely due to house appreciation, sold in 2018)
2018 - Age 41: $2.0M (never dipper below $2M, but it was close)
2019 - Age 42: $2.3M
2020 - Age 43: $2.98M
New milestone today. Net Worth of $3.5M and invested assets now over $3.0M (excludes home equity and cash). 2021 is shaping out to be a nice year as our investments have returned 17.6% YTD and both DW and I got promotions allowing us to save more. Was also able to do a no-cost refi on the mortgage to a new 30-year at 2.375%.

From a $ perspective, we're in striking distance of last year's record increase in net worth. Never thought we'd be in this position when COVID struck in Q1'2020. We've added 50% to our net worth from the market low simply by staying the course. Further support that nobody knows nothing and time in the market is much better than timing the market.
How did you get such a great rate on your mortgage? I can't seem to get past 2.75% on a 30 year non-confirming loan.
ChiKid24
Posts: 569
Joined: Fri Aug 09, 2019 3:43 pm

Re: Share your net worth progression

Post by ChiKid24 »

keith6014 wrote: Fri Aug 27, 2021 5:20 pm
ChiKid24 wrote: Fri Aug 27, 2021 4:49 pm
ChiKid24 wrote: Thu Jan 07, 2021 6:05 pm Just hit $3M today! Thought I had a chance for YE 2020, but was $21k shy. Nice start to 2021 though and I'm there.

Progression:
2007 - Age 30: $223K
2008 - Age 31: $410K (the highest year of medicare taxed earnings I've ever had)
2009 - Age 32: $487K
2010 - Age 33: $730K
2011 - Age 34: $650K
2012 - Age 35: $715K
2013 - Age 36: $1.1M (hit $1M 14 years after first post-college job)
2014 - Age 37: $1.3M
2015 - Age 38: $1.5M
2016 - Age 39: $1.9M
2017 - Age 40: $2.2M (hit $2M less than 4 years later...largely due to house appreciation, sold in 2018)
2018 - Age 41: $2.0M (never dipper below $2M, but it was close)
2019 - Age 42: $2.3M
2020 - Age 43: $2.98M
New milestone today. Net Worth of $3.5M and invested assets now over $3.0M (excludes home equity and cash). 2021 is shaping out to be a nice year as our investments have returned 17.6% YTD and both DW and I got promotions allowing us to save more. Was also able to do a no-cost refi on the mortgage to a new 30-year at 2.375%.

From a $ perspective, we're in striking distance of last year's record increase in net worth. Never thought we'd be in this position when COVID struck in Q1'2020. We've added 50% to our net worth from the market low simply by staying the course. Further support that nobody knows nothing and time in the market is much better than timing the market.
How did you get such a great rate on your mortgage? I can't seem to get past 2.75% on a 30 year non-confirming loan.
I went with an online lender (Lenderfi) and my loan balance was under the high conforming limit (~$710k). I did a few refi's in the past 2 years going from 3.5% to 3.25% to 2.75% then finally 2.375% (locked Jan 24). The one prior to this one was also with Lenderfi so no appraisal was needed and they gave me a lender credit to cover closing costs (~$1,400). Heard about them on the refinance megathread. Highly recommend, though I don't believe they do jumbo / non-conforming.
keith6014
Posts: 697
Joined: Thu Jan 02, 2014 10:58 pm

Re: Share your net worth progression

Post by keith6014 »

ChiKid24 wrote: Fri Aug 27, 2021 5:28 pm
keith6014 wrote: Fri Aug 27, 2021 5:20 pm
ChiKid24 wrote: Fri Aug 27, 2021 4:49 pm
ChiKid24 wrote: Thu Jan 07, 2021 6:05 pm Just hit $3M today! Thought I had a chance for YE 2020, but was $21k shy. Nice start to 2021 though and I'm there.

Progression:
2007 - Age 30: $223K
2008 - Age 31: $410K (the highest year of medicare taxed earnings I've ever had)
2009 - Age 32: $487K
2010 - Age 33: $730K
2011 - Age 34: $650K
2012 - Age 35: $715K
2013 - Age 36: $1.1M (hit $1M 14 years after first post-college job)
2014 - Age 37: $1.3M
2015 - Age 38: $1.5M
2016 - Age 39: $1.9M
2017 - Age 40: $2.2M (hit $2M less than 4 years later...largely due to house appreciation, sold in 2018)
2018 - Age 41: $2.0M (never dipper below $2M, but it was close)
2019 - Age 42: $2.3M
2020 - Age 43: $2.98M
New milestone today. Net Worth of $3.5M and invested assets now over $3.0M (excludes home equity and cash). 2021 is shaping out to be a nice year as our investments have returned 17.6% YTD and both DW and I got promotions allowing us to save more. Was also able to do a no-cost refi on the mortgage to a new 30-year at 2.375%.

From a $ perspective, we're in striking distance of last year's record increase in net worth. Never thought we'd be in this position when COVID struck in Q1'2020. We've added 50% to our net worth from the market low simply by staying the course. Further support that nobody knows nothing and time in the market is much better than timing the market.
How did you get such a great rate on your mortgage? I can't seem to get past 2.75% on a 30 year non-confirming loan.
I went with an online lender (Lenderfi) and my loan balance was under the high conforming limit (~$710k). I did a few refi's in the past 2 years going from 3.5% to 3.25% to 2.75% then finally 2.375% (locked Jan 24). The one prior to this one was also with Lenderfi so no appraisal was needed and they gave me a lender credit to cover closing costs (~$1,400). Heard about them on the refinance megathread. Highly recommend, though I don't believe they do jumbo / non-conforming.
Yes, I am familiar with LenderFi. Jan 24th is the key.https://ycharts.com/indicators/30_year_mortgage_rate you got an excellent rate. :beer
Absolutely!
Posts: 48
Joined: Tue Feb 21, 2017 4:40 pm

Re: Share your net worth progression

Post by Absolutely! »

Absolutely! wrote: Wed Feb 22, 2017 10:43 am Our records only go back to 2005, so here's 2005 forward.
2005 - 269K
2006 - 390K
2007 - 524K - Part of the jump in 2007 was due to proceeds from sale of classic muscle car.
2008 - 469K
2009 - 492K
2010 - 539K
2011 - 594K
2012 - 613K
2013 - 682K
2014 - 769K
2015 - 839K
2016 - 984K
As of today - 1,029K
Update today:
2017 - 1.244M
2018 - 1.284M
2019 - 1.447M
2020 - 1.648M
As of 08/27/2021 - 1.775M (Bought new vehicle this year, that drug the number down a bit).

Invested assets 1.15M (includes cash).
625K in R.E. (actual market value would be closer to $750K now)
No Debt.
User avatar
ray.james
Posts: 1902
Joined: Tue Jul 19, 2011 4:08 am

Re: Share your net worth progression

Post by ray.james »

CuriousReader wrote: Fri Aug 27, 2021 3:28 pm Recently found my dad's record of net worth from 1982-1992 on a handwritten index card.
He was forced out of his job when his company was bought out in 1981 at age 55.
1982--437,000
1983--577,000
1984--598,000
1985--826,000
1986--848,000
1987--798,000
1988--850,000
1989--955,000
1990--1,078,000
1991--1,241,000
1992--1,402,000
This was growth plus contributions from pension and Social Security. His house sold in 2012 for about 160,000 so not a big part of the total.
He was married. My mom passed away in 2011. He moved into independent living in 2012, then assisted living, then nursing home ( About $15,000 per month for the last 6 months) and passed away in 2017 at age 91 with about $2,500,000.
excellent progress and he retired at a time in retrospect - a great bull run!
I am quite surprised with the high assisted living/nursing home cost. Could you share some light on these expenses for planning purposes?
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
logic2000
Posts: 4
Joined: Sat Jan 23, 2021 3:42 pm

Re: Share your net worth progression

Post by logic2000 »

ChiKid24 wrote: Fri Aug 27, 2021 4:53 pm
logic2000 wrote: Fri Aug 27, 2021 1:33 pm 2018 $208,000 (started reading bogleheads and MMM, changed jobs, paid off house)
2019 $368,000
2020 $637,000
currently at $1,005,000
That's some serious growth this year. Anything major change?
Annual RSUs from the new job starting to stack, and above average market returns (bog-standard 75/25 3-fund portfolio)
Volkl_One
Posts: 18
Joined: Tue May 14, 2019 8:00 am

Re: Share your net worth progression

Post by Volkl_One »

Progression:
2016 - Age 25: $12K
2017 - Age 26: $35K
2018 - Age 27: $63K
2019 - Age 28: $117K
2020 - Age 29: $195K
2021 - Age 30: $263K

My goal after finishing college was to have 100K invested in the S&P500 by 30. Inflation adjusted my goal was to have $115K invested by today. My goals have changed a little bit and have added in bonds and international into the mix and complexity of margin, leverage, and options. All that effort and I'd still be ahead by $2K had I just invested in the S&P500 :oops: .
User avatar
luminous
Posts: 532
Joined: Sat Dec 30, 2017 9:28 pm

Re: Share your net worth progression

Post by luminous »

CuriousReader wrote: Fri Aug 27, 2021 3:28 pm Recently found my dad's record of net worth from 1982-1992 on a handwritten index card.
He was forced out of his job when his company was bought out in 1981 at age 55.
1982--437,000
1983--577,000
1984--598,000
1985--826,000
1986--848,000
1987--798,000
1988--850,000
1989--955,000
1990--1,078,000
1991--1,241,000
1992--1,402,000
This was growth plus contributions from pension and Social Security. His house sold in 2012 for about 160,000 so not a big part of the total.
He was married. My mom passed away in 2011. He moved into independent living in 2012, then assisted living, then nursing home ( About $15,000 per month for the last 6 months) and passed away in 2017 at age 91 with about $2,500,000.
Thank you for sharing this memory with us. I hope your dad had a full and wonderful life.
67/12/21 US stock/international stock/bonds. Bonds capped at 10x annual spending. Semi-retired as of 2022.
mikemagz11
Posts: 87
Joined: Mon Nov 21, 2016 12:37 pm
Location: Hoboken, NJ

Re: Share your net worth progression

Post by mikemagz11 »

mikemagz11 wrote: Tue Jun 02, 2020 9:11 pm Below is my net worth. I make significantly less than most on here and never really had a good savings plan until I joined this forum a few years ago.

2016: -11k
2017: 4k (debt free)
2018: 18.5k
2019: 43k
Current: 75k

Have really ramped up my savings rate and have earned a significant amount more over the last year so happy with my progress.
Finished 2020 with a net worth of $98k.

Current- ~$130k (goal for the end of the year was originally $125k). Just received a promotion yesterday and hoping I can get to $150k by the end of the year. It's amazing to watch it grow so quickly in a few years and much of this is thanks to this forum.
CuriousReader
Posts: 11
Joined: Tue Jun 12, 2018 11:36 am

Re: Share your net worth progression

Post by CuriousReader »

ray.james wrote: Fri Aug 27, 2021 5:59 pm
CuriousReader wrote: Fri Aug 27, 2021 3:28 pm Recently found my dad's record of net worth from 1982-1992 on a handwritten index card.
He was forced out of his job when his company was bought out in 1981 at age 55.
1982--437,000
1983--577,000
1984--598,000
1985--826,000
1986--848,000
1987--798,000
1988--850,000
1989--955,000
1990--1,078,000
1991--1,241,000
1992--1,402,000
This was growth plus contributions from pension and Social Security. His house sold in 2012 for about 160,000 so not a big part of the total.
He was married. My mom passed away in 2011. He moved into independent living in 2012, then assisted living, then nursing home ( About $15,000 per month for the last 6 months) and passed away in 2017 at age 91 with about $2,500,000.
excellent progress and he retired at a time in retrospect - a great bull run!
I am quite surprised with the high assisted living/nursing home cost. Could you share some light on these expenses for planning purposes?
My dad's $15000 per month costs for nursing care were a surprise to me also. He was in a medium cost of living area. This was a non-profit nursing home which had no private rooms available, so not a luxury experience by any means. We had to choose a place with a spot available on discharge from hospital and this was a highly rated place. Costs were about $400 per day plus supplies, over the counter meds, etc. which bumped the bill to $15000 per month. Independent/assisted living years were much less, more like $3000-6000 per month.
He was happy with the care at the nursing home but thankfully unaware of the cost.
User avatar
ray.james
Posts: 1902
Joined: Tue Jul 19, 2011 4:08 am

Re: Share your net worth progression

Post by ray.james »

CuriousReader wrote: Sat Aug 28, 2021 11:58 am
My dad's $15000 per month costs for nursing care were a surprise to me also. He was in a medium cost of living area. This was a non-profit nursing home which had no private rooms available, so not a luxury experience by any means. We had to choose a place with a spot available on discharge from hospital and this was a highly rated place. Costs were about $400 per day plus supplies, over the counter meds, etc. which bumped the bill to $15000 per month. Independent/assisted living years were much less, more like $3000-6000 per month.
He was happy with the care at the nursing home but thankfully unaware of the cost.
Thanks for the info. For a couple, the chance of hitting something during late stages in life is high! Something I will research more and account in my retirement plan.
On the surface 15K per month is high but I can now see what makes this expensive: A nurse looks after may be 5-6 patients max. at 8 hrs shift, that's 3 people round the clock support. Wages, supplies, room rent will all add up!
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
WhiteMaxima
Posts: 3339
Joined: Thu May 19, 2016 5:04 pm

Re: Share your net worth progression

Post by WhiteMaxima »

1997-2006 15% of pay into 401k
2006-2013 30% of pay into 401k
2014-now 50% of pay into 401k
Net worth enough for FIRE but still working.
I don't track my number but I knew I am doing well.
kartoffelpuffer
Posts: 10
Joined: Mon Aug 30, 2021 10:16 pm

Re: Share your net worth progression

Post by kartoffelpuffer »

I've really enjoyed reading this thread and seeing what you all have managed to accomplish, so I figured this would be a good spot for my first post! I only have data on my net worth going back to 2017, so years before that just have my income.

Date: net worth, (gross income)
---------------------
Sept. 2015: ??????, (41K)
Sept. 2016: ??????, (62K)
Sept. 2017: 163K, (102K)
Sept. 2018: 214K, (167K)
Sept. 2019: 383K, (276K)
Sept. 2020: 610K, (314K)
Sept. 2021: 1021K, (450K)

30s in a MCOL area, at the moment, but probably relocating (back) to a HCOL area for work soon. I maybe don't have the wild net worths some of y'all post at a similar age, but I'm happy with what I've done in the past few years. Just passed 1 million, so next beer is on me! :happy
pasadena
Posts: 2337
Joined: Sat Jul 02, 2016 1:23 am
Location: PNW

Re: Share your net worth progression

Post by pasadena »

I normally update this thread once a year, but...

31/12/2011 - 6k€ - 37 yo
31/12/2012 - $(15k) - Moved to the US. Bought a $20k car financed by a 0% employer loan, and spent the 6k€ on home country income taxes for 2011.
31/12/2014 - $52k
31/12/2015 - $93k - Car and relocation loans paid off in February. Opened first Roth IRA.
31/12/2016 - $164k - Started maxing out 401(k), Opened first brokerage account.
31/12/2017 - $251k
31/12/2018 - $330k - Nice retention bonus from ex-employer
31/12/2019 - $519k - New job with mega backdoor Roth, Pension lump-sum from ex-employer in January ($70k)
31/12/2020 - $715k - 46 yo. Bought a car with a loan
02/09/2021 - $900k - just because I like even numbers :)
Last edited by pasadena on Sat Sep 04, 2021 12:56 pm, edited 2 times in total.
sc9182
Posts: 2180
Joined: Wed Aug 17, 2016 7:43 pm

Re: Share your net worth progression

Post by sc9182 »

pasadena wrote: Sat Sep 04, 2021 12:26 pm I normally update this thread once a year, but...

31/12/2011 - 6k€ - 37 yo
31/12/2012 - $(15k) - Moved to the US. Bought a $20k car financed by a 0% employer loan, and spent the 6k€ on home country income taxes for 2011.
31/12/2014 - $52k
31/12/2015 - $93k - Car and relocation loans paid off in February. Opened first Roth IRA.
31/12/2016 - $164k - Started maxing out 401(k), Opened first brokerage account.
31/12/2017 - $251k
31/12/2018 - $330k - Nice retention bonus from ex-employer
31/12/2019 - $519k - New job with mega backdoor Roth, Pension lump-sum from ex-employer in January ($70k)
31/12/2020 - $715k - 46 yo. Bought a car with a loan
09/02/2020 - $900k - just because I like even numbers :)
Latest date must be 2nd Sept 2021 !? (Not 2020 ..!?) Even though you like even numbers - but please, don’t change years :-)

Good - finally you also started using US based date format instead of British (?) date formats until 2020.
pasadena
Posts: 2337
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Location: PNW

Re: Share your net worth progression

Post by pasadena »

sc9182 wrote: Sat Sep 04, 2021 12:53 pm
pasadena wrote: Sat Sep 04, 2021 12:26 pm I normally update this thread once a year, but...

31/12/2011 - 6k€ - 37 yo
31/12/2012 - $(15k) - Moved to the US. Bought a $20k car financed by a 0% employer loan, and spent the 6k€ on home country income taxes for 2011.
31/12/2014 - $52k
31/12/2015 - $93k - Car and relocation loans paid off in February. Opened first Roth IRA.
31/12/2016 - $164k - Started maxing out 401(k), Opened first brokerage account.
31/12/2017 - $251k
31/12/2018 - $330k - Nice retention bonus from ex-employer
31/12/2019 - $519k - New job with mega backdoor Roth, Pension lump-sum from ex-employer in January ($70k)
31/12/2020 - $715k - 46 yo. Bought a car with a loan
09/02/2020 - $900k - just because I like even numbers :)
Latest date must be 2nd Sept 2021 !? (Not 2020 ..!?) Even though you like even numbers - but please, don’t change years :-)

Good - finally you also started using US based date format instead of British (?) date formats until 2020.
LOL!!!

Corrected - both the date format and the year. Thanks for pointing it out. I didn't even realize I was using non-US date format. I still mix them up all the time after nearly 10 years in the US, so I don't expect it to get better any time soon.
stinkydash
Posts: 13
Joined: Sat Oct 28, 2017 9:53 pm

Re: Share your net worth progression

Post by stinkydash »

Year - NW (Gross Income)
2014 - 20K (80K) - Started working full-time
2015 - 100K (100K)
2016 - ?????
2017 - 450K (300K)
2018 - ?????
2019 - 700K (325K)
2020 - 1M (350K) - turned 30 and 1M same year!
2021 - 1.3M (450K) - jump in income to due to RSU appreciation

So far I've been pretty good about staying the course and investing into low-cost index funds. [OT comment removed by admin LadyGeek]
BuckStacker
Posts: 12
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Location: SF Bay Area, CA
Contact:

Re: Share your net worth progression

Post by BuckStacker »

June Balance
2016: 504k
2017: 995k
2018: 1.60M
2019: 1.64M
2020: 1.9M
2021: 2.7M
Ron Ronnerson
Posts: 3563
Joined: Sat Oct 26, 2013 6:53 pm
Location: Bay Area

Re: Share your net worth progression

Post by Ron Ronnerson »

Ron Ronnerson wrote: Sat Oct 17, 2020 4:27 pm Here's our update (I posted back on page 4 of this thread):

2005 (age 30): -$40k
2006 (age 31): -$20k
2007 (age 32): -$15k
2008 (age 33): $25k
2009 (age 34): $75k
2010 (age 35): $100k
2011 (age 36): $130k
2012 (age 37): $240k
2013 (age 38): $420k
2014 (age 39): $450k
2015 (age 40): $575k
2016 (age 41): $650k
2017 (age 42): $750k
2018 (age 43): $850k
2019 (age 44): $1M
2020 (age 45): $1.2M

Our retirement expenses should be fully covered by my pension ($100k/year with COLA and 100% survivor benefits around age 60).

I’m a public-school teacher and my wife is a stay-at-home parent. Over the past decade, we've gone from a five-figure net worth to seven-figures. This has been largely due to frugality, luck, and leverage. No inheritances have been involved.
2021 Update (age 46): $1.6M
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

Ron Ronnerson wrote: Sat Sep 04, 2021 9:45 pm
Ron Ronnerson wrote: Sat Oct 17, 2020 4:27 pm Here's our update (I posted back on page 4 of this thread):

2005 (age 30): -$40k
2006 (age 31): -$20k
2007 (age 32): -$15k
2008 (age 33): $25k
2009 (age 34): $75k
2010 (age 35): $100k
2011 (age 36): $130k
2012 (age 37): $240k
2013 (age 38): $420k
2014 (age 39): $450k
2015 (age 40): $575k
2016 (age 41): $650k
2017 (age 42): $750k
2018 (age 43): $850k
2019 (age 44): $1M
2020 (age 45): $1.2M

Our retirement expenses should be fully covered by my pension ($100k/year with COLA and 100% survivor benefits around age 60).

I’m a public-school teacher and my wife is a stay-at-home parent. Over the past decade, we've gone from a five-figure net worth to seven-figures. This has been largely due to frugality, luck, and leverage. No inheritances have been involved.
2021 Update (age 46): $1.6M
Congratulations! That is fantastic. I always enjoy your posts.
Ron Ronnerson
Posts: 3563
Joined: Sat Oct 26, 2013 6:53 pm
Location: Bay Area

Re: Share your net worth progression

Post by Ron Ronnerson »

Normchad wrote: Sat Sep 04, 2021 10:10 pm
Ron Ronnerson wrote: Sat Sep 04, 2021 9:45 pm
Ron Ronnerson wrote: Sat Oct 17, 2020 4:27 pm Here's our update (I posted back on page 4 of this thread):

2005 (age 30): -$40k
2006 (age 31): -$20k
2007 (age 32): -$15k
2008 (age 33): $25k
2009 (age 34): $75k
2010 (age 35): $100k
2011 (age 36): $130k
2012 (age 37): $240k
2013 (age 38): $420k
2014 (age 39): $450k
2015 (age 40): $575k
2016 (age 41): $650k
2017 (age 42): $750k
2018 (age 43): $850k
2019 (age 44): $1M
2020 (age 45): $1.2M

Our retirement expenses should be fully covered by my pension ($100k/year with COLA and 100% survivor benefits around age 60).

I’m a public-school teacher and my wife is a stay-at-home parent. Over the past decade, we've gone from a five-figure net worth to seven-figures. This has been largely due to frugality, luck, and leverage. No inheritances have been involved.
2021 Update (age 46): $1.6M
Congratulations! That is fantastic. I always enjoy your posts.
Thanks! Appreciate the kind words too.
horizon
Posts: 23
Joined: Sat Sep 04, 2021 10:02 pm

Re: Share your net worth progression

Post by horizon »

Mofire wrote: Mon Aug 02, 2021 1:45 pm Update for July.

08 2015: $1.0M
04 2018: $2.0M
07 2019: $2.8M
12 2019: $3.6M
07 2020: $5.0M
12 2020: $7.5M
07 2021: $10.8M (age 44)

I'm starting to see that we're approaching levels that will trigger a sizeable correction. We will see. :)
Wow, so impressive. Would you mind to share how do you deal with tax return when your net worth increases more than $1mil every year? Uncle Sam must got his fat check every APR 15? I would think last years you wrote a 7 figure check to Uncle Sam?
ChiKid24
Posts: 569
Joined: Fri Aug 09, 2019 3:43 pm

Re: Share your net worth progression

Post by ChiKid24 »

horizon wrote: Sat Sep 04, 2021 10:14 pm
Mofire wrote: Mon Aug 02, 2021 1:45 pm Update for July.

08 2015: $1.0M
04 2018: $2.0M
07 2019: $2.8M
12 2019: $3.6M
07 2020: $5.0M
12 2020: $7.5M
07 2021: $10.8M (age 44)

I'm starting to see that we're approaching levels that will trigger a sizeable correction. We will see. :)
Wow, so impressive. Would you mind to share how do you deal with tax return when your net worth increases more than $1mil every year? Uncle Sam must got his fat check every APR 15? I would think last years you wrote a 7 figure check to Uncle Sam?
Remember NW isn't income. A rise in investment value has no impact on income or taxes unless they are sold or throw off some dividends.
GodzillaBorland
Posts: 52
Joined: Sat Dec 14, 2019 5:46 pm

Re: Share your net worth progression

Post by GodzillaBorland »

Hawaiishrimp wrote: Wed Feb 03, 2021 3:15 am Update: As of Feb 1, 2021

Age 45 still, 2 kids, same wife. Still living in VHCOL, same house, same cars, same job. No inheritance. No trust fund. I wish I do, but I don't.

Still Work-from-home full time. Not much has changed in terms of lifestyle and spending habits. Still holding the same investment assets long term (i.e, buy & hold). Spent $10k on backyard improvement and bathroom remodeling. Otherwise, not much change here. Again, I am very grateful for my portfolio growth. Hope the trend continues. I think I will quit my full-time job in 5 years or less. My goal of reaching a $30M net worth is getting a little closer.

Started working in the Year 2000, but I didn't track NW numbers until 2015. See progress so far:

2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $15.3M
2021: $18.6M (as of Feb 1)

God bless you all and what a great community here. Stay healthy and wealthy.
Care to share your strategy. Looks like this kind of return is not from a ETF?
horizon
Posts: 23
Joined: Sat Sep 04, 2021 10:02 pm

Re: Share your net worth progression

Post by horizon »

ChiKid24 wrote: Sun Sep 05, 2021 2:58 am
horizon wrote: Sat Sep 04, 2021 10:14 pm
Mofire wrote: Mon Aug 02, 2021 1:45 pm Update for July.

08 2015: $1.0M
04 2018: $2.0M
07 2019: $2.8M
12 2019: $3.6M
07 2020: $5.0M
12 2020: $7.5M
07 2021: $10.8M (age 44)

I'm starting to see that we're approaching levels that will trigger a sizeable correction. We will see. :)
Wow, so impressive. Would you mind to share how do you deal with tax return when your net worth increases more than $1mil every year? Uncle Sam must got his fat check every APR 15? I would think last years you wrote a 7 figure check to Uncle Sam?
Remember NW isn't income. A rise in investment value has no impact on income or taxes unless they are sold or throw off some dividends.
So you are long term investor, buy and hold?
ChiKid24
Posts: 569
Joined: Fri Aug 09, 2019 3:43 pm

Re: Share your net worth progression

Post by ChiKid24 »

I'm not the person who posted it. Was only offering an explanation. That said, I think most bogleheads are buy and hold. Myself included
GodzillaBorland
Posts: 52
Joined: Sat Dec 14, 2019 5:46 pm

Re: Share your net worth progression

Post by GodzillaBorland »

61 yo, wife 55 $235K combined income
  • Undisciplined, non Boglehead investor
    Only joined Boglehead couple of years ago. Not yet following the 3 funds or even the single fund (VTSAX) investment approach. JL Collins's Google Talk is slowly starting to convince me :wink: https://youtu.be/T71ibcZAX3I
    Dabble in leveraged ETF's, options and recently Futures (have lost money in tax accounts)
    Tend to keep large cash balance in both tax and retirement accounts
    Made several Real estate investments in 2012 - mostly rentals
    Started to track in Personal Capital from 2018 (still learning it). I will update this post with year by year shortly
2013 Mar: $793 K
2014 Dec: $677 K (NW dropped due to non recoverable loans (Promissory notes))
2016 Jan: $750 K ( Retirement Contributions: 2700 from both)
2018 July: $1.524 M (Contributions: 3500 from both)
2019 Jan: $1.634 M
2020 Jan: $1.768 M
2021 Jan: $1.856 M (Contributions: 4900 from both)
2021 Sep: $2.436 M (Sold 2 rentals with appreciation of $200K each)

Looking at retirement accounts, contributions total $337K from 2016 from both our accounts but the returns have been anemic at $126K as I direct contributions to cash first and then deploy when market drops (trying to time the market)

Image
Last edited by GodzillaBorland on Sun Jan 09, 2022 8:03 pm, edited 4 times in total.
k1dpsu
Posts: 77
Joined: Tue Jul 08, 2008 10:14 pm

Re: Share your net worth progression

Post by k1dpsu »

Current Age: 39, my spouse is 40; 2 children aged 6 and 8

(25) 2006: -100k
* My wife and I met a year prior during law school and started dating. The debt is due to my school loans. Got an apartment in the city next to my office.

(26) 2007: -35k
* I make a concerted effort to pay down my loans. I also maxed out my 401k contributions from my first day on the job. Started a Vanguard VTSAX fund and threw in a couple of hundred dollars a month.

(27) 2008: 45k
* Still have the law loans but made a concerted effort to save money while working a bunch of hours at work. I increased my savings to around 70k. My savings plus my investments are finally larger than my loans.

(28) 2009: 181k
* Same story at 2008. Just working and saving. I just asked the terrific girl that I met in law school to marry me. She agrees and we move in together.

(29) 2010: 283k
* My wife and I get married and combine our assets (and debts). My school loans were down to 72k at this time but they nearly double now because we combine our debt. We owe 137k. We do not plan on getting a house any time soon and continue to rent. We want to pay our loans down and save up for the future. My wife has also been maxing out her 401k since starting her career.

(30) 2011: 460k
* Nothing special. More of the same. Debt is 127k. We decide to make the minimum payments on our loans and bulk up our savings for a future house. Increased our savings account by 100k.

(31) 2012: 682k
* Same story as 2011. We are starting to think about having a baby and manage to get pregnant.

(32) 2013: 936k
* We become parents. Continue on the same boring investment path. Open up a 529k for our child. I buy a couple of Bitcoin and it immediately crashes in price (but I never sell).

(33) 2014: 1.2M
* We decide to start throwing more money at our loans. We reduce our loans to 51k. We top off our savings at 500k for spending on a future house. We are still not in a hurry to buy. We get pregnant with our second child.

(34) 2015: 1.3M
* We finally buy a house. Put 20% down. Our debt is now $745k.

(35) 2016: 1.5M
* We took out two mortgages on the house and we pay off the second mortgage. Our debt is now 507k. We also pay off the remainder of our school loans. Our only debt is the mortgage.

(36) 2017: 2.6M
* Still doing our same old normal investments. I learn about Ethereum in early 2017 and think that it could be the next big thing. I buy 75k worth and it significantly increases in value. Started paying off the mortgage in advance (a little bit at a time).

(37) 2018: 2.1M
* The Ethereum that I bought in 2017 crashed and burned. I am still up money on it. I don't sell it because I think that it still has a future.

(38) 2019: 2.6M
* Still doing our same old normal investments. Our only debt is the mortgage which is 368k.

(39) 2020: 4.1M
* Ethereum starts to increase in value again. Still doing our same old normal investments. Maxing out retirement accounts, backdoor ROTHs, contributing to 529, and after tax accounts last.

(40) 2021 (as of today): 7.8M
* Ethereum remains in its bull market. We are talking to Fidelity about a plan to finally sell some of the position and move it into less volatile assets. We would like to only work because we want to not because we have to anymore.
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novolog
Posts: 450
Joined: Tue Jan 30, 2018 5:24 pm
Location: Greater Boston

Re: Share your net worth progression

Post by novolog »

novolog wrote: Tue Jan 05, 2021 6:33 pm

Code: Select all

	Net Worth	Gross Income
2014	-$48,000	$32,000 (both graduate undergrad)
2015	-$35,000	$97,000
2016	-$5,000 	$146,000
2017	$49,000 	$165,000
2018	$112,000	$156,000
2019	$177,000	$167,000
2020	$308,000	$183,000 
We are moving fast. Certainly in good company on this thread.
Already at $466,000 for 2021, $500k soon.

Hoping to hit $1.5 million before age 35, seems achievable.
S&P 500 + Bitcoin
BigLaw Survivor
Posts: 223
Joined: Mon Oct 19, 2015 8:55 pm

Re: Share your net worth progression

Post by BigLaw Survivor »

When I retired from Biglaw in 2015 at age 53 my net worth was $4.8 million. I'm now at $7.7 million after not working a day since.
unknownfuture
Posts: 53
Joined: Fri Feb 15, 2019 2:30 pm

Re: Share your net worth progression

Post by unknownfuture »

-----
Last edited by unknownfuture on Tue Oct 19, 2021 10:55 am, edited 1 time in total.
OatmealAddict
Posts: 1198
Joined: Fri Sep 27, 2013 4:03 pm

Re: Share your net worth progression

Post by OatmealAddict »

unknownfuture wrote: Mon Oct 18, 2021 5:37 pm Our net worth progress
2012: -$50,000
2013: $50,000
2017: $500,000
2019: $2,500,000
2021: $10,000,000

Wanted to share the $10M milestone somewhere anonymous. Only my wife knows about it, and her reaction was the equivalent of "that's great honey" before moving on. I can confirm that it brings peace of mind knowing that we could stop working for money. It removes financial stress from our lives, and gives us a feeling of accomplishment. Money doesn't make you happy, but lack of money can make you unhappy.

The source of wealth is about about 50% salary, 25% stock index fund appreciation, and 25% returns from lucky individual stock investments. The money is about 75% invested in broad stock index funds and 25% individual stocks (that we're not selling for tax reasons). I'm aware that 100% stocks is an aggressive portfolo but we're relatively young, are planning to hold forever, and our nerves can handle downturns. Stocks are also kind of OK in case of inflation, if you hold long enough. If bond yields are better at some future point, we'll add some bonds to the portfolio.

We don't pay any financial advisors; the Bogleheads community has taught us more than enough to do it ourselves! Thanks all! :sharebeer
So...you made over $10MM in less than ten years. That doesn't suck. Congratulations on your success.

We just hit $1MM and it was a pretty "meh" feeling. Now, even more so after reading your post, haha.
jarjarM
Posts: 2511
Joined: Mon Jul 16, 2018 1:21 pm

Re: Share your net worth progression

Post by jarjarM »

unknownfuture wrote: Mon Oct 18, 2021 5:37 pm Our net worth progress
2012: -$50,000
2013: $50,000
2017: $500,000
2019: $2,500,000
2021: $10,000,000

Wanted to share the $10M milestone somewhere anonymous. Only my wife knows about it, and her reaction was the equivalent of "that's great honey" before moving on. I can confirm that it brings peace of mind knowing that we could stop working for money. It removes financial stress from our lives, and gives us a feeling of accomplishment. Money doesn't make you happy, but lack of money can make you unhappy.

The source of wealth is about about 50% salary, 25% stock index fund appreciation, and 25% returns from lucky individual stock investments. The money is about 75% invested in broad stock index funds and 25% individual stocks (that we're not selling for tax reasons). I'm aware that 100% stocks is an aggressive portfolo but we're relatively young, are planning to hold forever, and our nerves can handle downturns. Stocks are also kind of OK in case of inflation, if you hold long enough. If bond yields are better at some future point, we'll add some bonds to the portfolio.

We don't pay any financial advisors; the Bogleheads community has taught us more than enough to do it ourselves! Thanks all! :sharebeer
Congrats. :beer
Any plan to downshift?
RotzehMasayim
Posts: 60
Joined: Sun Apr 07, 2019 12:48 am

Re: Share your net worth progression

Post by RotzehMasayim »

unknownfuture wrote: Mon Oct 18, 2021 5:37 pm Our net worth progress
2012: -$50,000
2013: $50,000
2017: $500,000
2019: $2,500,000
2021: $10,000,000

Wanted to share the $10M milestone somewhere anonymous. Only my wife knows about it, and her reaction was the equivalent of "that's great honey" before moving on. I can confirm that it brings peace of mind knowing that we could stop working for money. It removes financial stress from our lives, and gives us a feeling of accomplishment. Money doesn't make you happy, but lack of money can make you unhappy.

The source of wealth is about about 50% salary, 25% stock index fund appreciation, and 25% returns from lucky individual stock investments. The money is about 75% invested in broad stock index funds and 25% individual stocks (that we're not selling for tax reasons). I'm aware that 100% stocks is an aggressive portfolo but we're relatively young, are planning to hold forever, and our nerves can handle downturns. Stocks are also kind of OK in case of inflation, if you hold long enough. If bond yields are better at some future point, we'll add some bonds to the portfolio.

We don't pay any financial advisors; the Bogleheads community has taught us more than enough to do it ourselves! Thanks all! :sharebeer
CHEERS TO YOU!!! :sharebeer :sharebeer

10 Million is crazy from on 500k 4 years ago? That is insane growth.

What was you and your wifes combined annual salaries during that time?
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AnnetteLouisan
Posts: 7263
Joined: Sat Sep 18, 2021 10:16 pm
Location: New York, NY

Re: Share your net worth progression

Post by AnnetteLouisan »

mikemagz11 wrote: Sat Aug 28, 2021 9:42 am
mikemagz11 wrote: Tue Jun 02, 2020 9:11 pm Below is my net worth. I make significantly less than most on here and never really had a good savings plan until I joined this forum a few years ago.

2016: -11k
2017: 4k (debt free)
2018: 18.5k
2019: 43k
Current: 75k

Have really ramped up my savings rate and have earned a significant amount more over the last year so happy with my progress.
Finished 2020 with a net worth of $98k.

Current- ~$130k (goal for the end of the year was originally $125k). Just received a promotion yesterday and hoping I can get to $150k by the end of the year. It's amazing to watch it grow so quickly in a few years and much of this is thanks to this forum.
Congrats on exceeding your year end goal early, and on your promotion!!
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AnnetteLouisan
Posts: 7263
Joined: Sat Sep 18, 2021 10:16 pm
Location: New York, NY

Re: Share your net worth progression

Post by AnnetteLouisan »

1976- $100 (check from dad)
1986- minus 30k (student loans)
1993- minus 70k (more loans)
1996- $40,000
-started saving-
2000- $80,000 no net worth decline despite market correction
2006- $290,000
2008- $410,000 no net worth decline despite market correction
2010- $560,000
-started investing-
2014-$1,000,000
2021- $1,900,000

only here is that meh 😂
the above is pre-BH forum! so from here on, 🚀🚀
Last edited by AnnetteLouisan on Fri Oct 22, 2021 2:40 pm, edited 1 time in total.
unknownfuture
Posts: 53
Joined: Fri Feb 15, 2019 2:30 pm

Re: Share your net worth progression

Post by unknownfuture »

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Last edited by unknownfuture on Tue Oct 19, 2021 10:55 am, edited 1 time in total.
OatmealAddict
Posts: 1198
Joined: Fri Sep 27, 2013 4:03 pm

Re: Share your net worth progression

Post by OatmealAddict »

unknownfuture wrote: Tue Oct 19, 2021 10:20 am
JimmyD wrote: Mon Oct 18, 2021 5:39 pm
unknownfuture wrote: Mon Oct 18, 2021 5:37 pm
So...you made over $10MM in less than ten years. That doesn't suck. Congratulations on your success.

We just hit $1MM and it was a pretty "meh" feeling. Now, even more so after reading your post, haha.
$1MM is already pretty amazing! I think that subjective value is approximately proportional to only the logarithm of dollar amount, and in log scale $1MM and $10MM aren't that far apart.
I'm going to interpret that as, "You're doing ok." :happy
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