Update:nguy44 wrote: ↑Thu Jan 02, 2020 4:18 pmUpdate:nguy44 wrote: ↑Sat Jan 06, 2018 1:01 pm My progression - these are year-end values unless otherwise noted:
1982, age 25: -750 (three years out of college, just got engaged, first serious look at my expenses, holy cr*p I need to make some changes)
1986, age 28: 55,306 (but 77% of that is home equity, have 1 kid with another on the way, I need to make more changes)
1989, age 31: 102,118 (home equity percent of net worth down to 67% have 401K, now looking at investing outside of 401K)
1995, age 37: 207,808 (household salary crosses $100K for the first time)
1997, age 39: 311,521 (thank you, dot-com boom)
1999, age 41: 526,396 (thank you very much, dot-com boom)
2006, age 48: 1,107,184 (we are paper millionaires! But with kids in and about to go to college, and the 2008-2009 recession coming, it won't last long)
2009, age 51: 1,329,514 (the recovery from the depths of our net worth falling below $1million)
2014, age 56: 2,098,447 (hit the paper multi-millionaire level; home equity now less that 20% of assets)
2017, age 59: 2,648,352 (cash + investments cross $2 million level, I think I am ready to retire)
6/2018, age 60: 2,744,485 - retirement net worth
12/2018, age 60: 2,720,620 (darn that stock market the 2nd half of the year)
12/2019, age 61: 2,923,343 (market gains + retirement cash flow spending less than the plan = a great year)
12/2020, age 62: 3,113,070 (paid off the mortgage as well - not bad for the Year of the Pandemic)