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.
nguy44
Posts: 597
Joined: Sun Jul 09, 2017 1:52 pm

Re: Share your net worth progression

Post by nguy44 »

nguy44 wrote: Thu Jan 02, 2020 4:18 pm
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)
Update:

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)
Update:

12/2020, age 62: 3,113,070 (paid off the mortgage as well - not bad for the Year of the Pandemic)
angelescrest
Posts: 1730
Joined: Tue May 27, 2008 10:48 am
Location: West Coast

Re: Share your net worth progression

Post by angelescrest »

Workinghard wrote: Sun Jan 03, 2021 2:57 pm First few years of marriage was spent getting spouse out of debt. Over 10 years of marriage was on a single income. There were only a few years where we hit $100k-$110K combined salary. No inheritance. All index funds. Retired in 2016, haven't withdrawn from retirement accounts due to making money on the side and SS starting. My husband will start getting his own SS next year at age 70. Still find it hard to believe that it can be done.

1995: 60K
1998: 200K
2000: 263K
2003: 272K
2004: Paid cash for home $200K
2005: 262K
2006: 302K
2007: 345K
2008: 375K
2009: 347K
2010: 383K
2011: 387K
2012: 409K
2013: 473K
2014: 576K
2015: 703K
2016: 773K (retired)
2017: 831K
2018: $1,203,443 (sold home)
2019: $1,135,501 (35K gifted for grandkid's college)
2020: $1,335,382
2021: 1,667,159 ($38K was pension)
Bravo! Working hard, indeed.
warpork
Posts: 13
Joined: Thu Nov 27, 2014 9:13 am

Re: Share your net worth progression

Post by warpork »

warpork wrote: Sun Jul 16, 2017 11:04 am
sanfran2015 wrote:
warpork wrote:All January 1 dates:

2006: $225,472 (was 33 when I started keeping records)
2007: $537,747
2008: $539,148 (market had been tanking a bit here)
2009: $536,507
2010: $558,385
2011: $636,406
2012: $658,082
2013: $767,304
2014: $1,071,910 (woooo wooo 7 figures finally!)
2015: $1,236,865
2016: $1,402,910
2017: $1,660,214
Today: $1,814,843

Looking back, glad I never pulled anything out during the recession. Despite some scary times wondering if I should have pulled it out, it all came back and then some.
I'm guessing a large part of your gain is your own contributions and not market appreciation. Correct? Its remarkable if this is all market gains. Also, are you a Boglehead investor (i.e. indexer) or do you do individual stocks?

Had some great returns in there as well being able to add some sizable contributions. Salary was about $150k in 2005 and about $250k today. Another factor was some investment/rental properties that were sold for some for a nice profit. Most is in index funds.
Updated info for the last few years:
2018: 2,028,019
2019: 2,099,189
2020: 2,566,877
2021: 3,008,211

Nice to start seeing the investment returns dwarfing additional contributions.....the flywheel is spinning faster and faster. Now I will just need to find a nice time to jump off this merry-go-round, but not sure if I'm ready to do that yet.
jdsnee
Posts: 18
Joined: Tue Feb 20, 2018 9:19 pm

Re: Share your net worth progression

Post by jdsnee »

2020: $30,000
2021: $104,000 (23 years old)

Was able to save and invest basically every penny from my first post-college job due to generous parents letting me live at home rent free while working virtually. Also got lucky investing my signing bonus at the market bottom in March.
Retrograde
Posts: 37
Joined: Mon Feb 04, 2019 11:33 am

Re: Share your net worth progression

Post by Retrograde »

Sharing my progress, sorry for any poor formatting, these are EOY numbers. My net worth grew significantly faster than I expected these last few years.

Didnt tracking anything before end of 2016. I'm 34 single and making 130k a year now. 100/0 and maybe 75% is in idexes and the rest is individual stocks.

2016. 180k
2017. 247k
2018. 279k
2019. 494k
2020. 650k
User avatar
jimmmy
Posts: 23
Joined: Sat Dec 29, 2018 11:53 am

Re: Share your net worth progression

Post by jimmmy »

jimmmy wrote: Tue Jan 01, 2019 12:05 pm Age 22 12/17/2010: $7,457.97
Age 23 12/17/2011: $17,228.76
Age 24 12/31/2012: $40,480.11
Age 25 12/31/2013: $39,129.08
Age 26 12/31/2014: $52,439.23
Age 27 12/31/2015: $51,321.29
Age 28 12/31/2016: $40,381.29
Age 29 12/31/2017: $48,063.59
Age 30 12/31/2018: $62,472.53

2013 through 2017 included a lot of goofing off, some volunteer work, lots of travelling, lots of time spent with nieces and nephews, and 20 hours of poker each week to keep my head above water. I'm back to the office life now and feel there's a >90% chance I'll be able to join the 6 figure club by Q1 2020. :beer
Age 31 12/31/2019: $105,966.33
Age 32 12/31/2020: $165,589.93

Yep, still care about the pennies.
jabroni
Posts: 26
Joined: Thu May 23, 2019 4:10 pm

Re: Share your net worth progression

Post by jabroni »

EOY update:

Family of 3 making ~$105k/year

12/31/2018: $60.9k
6/30/2019: $88.9k
12/31/2019: $136.9k
6/30/2020: $169.5k
12/31/2020: $227.8k
_james
Posts: 54
Joined: Tue Sep 13, 2011 5:13 am

Re: Share your net worth progression

Post by _james »

_james wrote: Sun Dec 29, 2019 9:15 pm 12/2018 - $93k - $9k cash, 99k investments, $0 home equity, ($15k) auto loan
12/2019 - $141k - $8k cash, 133k investments, $0 home equity, $0 auto loan, Debt Free :)
Age 36, Single
12/2020 - $191k - $13.5k cash, $177.5k investments, $0 home equity
JD102938
Posts: 1
Joined: Sun Nov 12, 2017 6:40 am

Re: Share your net worth progression

Post by JD102938 »

End of year data. Married (upper 30s) with two kids in a medium cost of living area. Wife works part time (1-2 days/week). NW includes home equity. Discovered bogleheads about ten years ago (wasted my 20s) and finally became in a position to max all accounts (my 401k, both roths, HSA) this year which felt great!

2011 - 93k
2012 - 131k
2013 - 202k
2014 - 239k
2015 - 278k
2016 - 330k
2017 - 429k
2018 - 436k
2019 - 576k
2020 - 746k
GettingCloser
Posts: 97
Joined: Thu Dec 19, 2019 5:28 pm

Re: Share your net worth progression

Post by GettingCloser »

Mues wrote: Sun Jan 03, 2021 2:19 am
GettingCloser wrote: Sat Jan 02, 2021 11:53 pm Year-end numbers start in 2012 (oldest data point is $567k in 4/2007)
2012: $1108k, age 47
2013: $1295k
2014: $1423k
2015: $1547k
2016: $1676k
2017: $1821k
2018: $1941k
2019: $2526k
2020: $2844k, age 55
Is this mostly investment returns? Very strong boost in 8 years.
Major Tailwinds:
  • Market return has indeed been very helpful -- over $200k in 2020 alone (nothing exotic, mostly index funds)
  • DW is back working full time (after ~20 yrs as SAHM), bumping HHI to new high of ~$200k/yr; we're putting all but $500/mo of her net salary into savings
  • We chose to downsize from our former "dream house" to a very comfortable house (would do it again in a heartbeat), and to make accelerated payments on the new 15 yr fixed
  • Finished paying off that mortgage in 2019, and have redirected that payment into savings
Minor Headwinds:
  • In 2015, we started building our LMP for pre-SS retirement expenses, which has slightly dampened overall portfolio return
  • We spent many years building up our kids' 529s (not included in NW numbers above) enough to cover 4 years at local state university (anything beyond that was up to them ;-)). We finished that process in 2019, further adding to retirement savings rate.
  • We've eased up a little on the frugality front. We still look for deals, eat at home, eschew cable, etc, but instead of buying used cars and keeping them 10+ years, we now buy new cars (outright) and keep them 5+ years. We've also increased our vacation budget somewhat.
Count of Notre Dame
Posts: 448
Joined: Fri Oct 11, 2013 1:08 pm

Re: Share your net worth progression

Post by Count of Notre Dame »

GettingCloser wrote: Mon Jan 04, 2021 4:06 pm
Mues wrote: Sun Jan 03, 2021 2:19 am
GettingCloser wrote: Sat Jan 02, 2021 11:53 pm Year-end numbers start in 2012 (oldest data point is $567k in 4/2007)
2012: $1108k, age 47
2013: $1295k
2014: $1423k
2015: $1547k
2016: $1676k
2017: $1821k
2018: $1941k
2019: $2526k
2020: $2844k, age 55
Is this mostly investment returns? Very strong boost in 8 years.
Major Tailwinds:
  • Market return has indeed been very helpful -- over $200k in 2020 alone (nothing exotic, mostly index funds)
  • DW is back working full time (after ~20 yrs as SAHM), bumping HHI to new high of ~$200k/yr; we're putting all but $500/mo of her net salary into savings
  • We chose to downsize from our former "dream house" to a very comfortable house (would do it again in a heartbeat), and to make accelerated payments on the new 15 yr fixed
  • Finished paying off that mortgage in 2019, and have redirected that payment into savings
Minor Headwinds:
  • In 2015, we started building our LMP for pre-SS retirement expenses, which has slightly dampened overall portfolio return
  • We spent many years building up our kids' 529s (not included in NW numbers above) enough to cover 4 years at local state university (anything beyond that was up to them ;-)). We finished that process in 2019, further adding to retirement savings rate.
  • We've eased up a little on the frugality front. We still look for deals, eat at home, eschew cable, etc, but instead of buying used cars and keeping them 10+ years, we now buy new cars (outright) and keep them 5+ years. We've also increased our vacation budget somewhat.
Did you downsize with children to still in the house?
GettingCloser
Posts: 97
Joined: Thu Dec 19, 2019 5:28 pm

Re: Share your net worth progression

Post by GettingCloser »

Count of Notre Dame wrote: Mon Jan 04, 2021 7:28 pm Did you downsize with children to still in the house?
Yes, ages 17/15/13 at the time. Wasn't a tough sell -- they each still got their own room (albeit slightly smaller), no one had to change schools, and the fenced back yard eliminated DW's last objection to getting a puppy ;-). Most of the difference was in storage space, requiring some purging -- which DW and I found so freeing, we're talking of downsizing again after our youngest graduates from college.
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FlatSix
Posts: 331
Joined: Thu Jan 16, 2020 8:37 pm

Re: Share your net worth progression

Post by FlatSix »

jdsnee wrote: Mon Jan 04, 2021 10:57 am 2020: $30,000
2021: $104,000 (23 years old)

Was able to save and invest basically every penny from my first post-college job due to generous parents letting me live at home rent free while working virtually. Also got lucky investing my signing bonus at the market bottom in March.
Strong work! It may have been lucky but good on you for investing that signing bonus rather than the million other things most other 23 year olds would have done with it. Congratulations and best of luck the rest of the way.
Count of Notre Dame
Posts: 448
Joined: Fri Oct 11, 2013 1:08 pm

Re: Share your net worth progression

Post by Count of Notre Dame »

GettingCloser wrote: Mon Jan 04, 2021 8:58 pm
Count of Notre Dame wrote: Mon Jan 04, 2021 7:28 pm Did you downsize with children to still in the house?
Yes, ages 17/15/13 at the time. Wasn't a tough sell -- they each still got their own room (albeit slightly smaller), no one had to change schools, and the fenced back yard eliminated DW's last objection to getting a puppy ;-). Most of the difference was in storage space, requiring some purging -- which DW and I found so freeing, we're talking of downsizing again after our youngest graduates from college.
That's a great outcome. My wife and I likely won't downsize until our children are out of the house, especially with my adult sister living with us to help care for them. I've got my eye on the net equity in our current home as I don't think we can pay off the house completely, but with the net equity we can probably buy a nice home for my wife and I for our (hopely early) retirement years.
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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 »

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.
S&P 500 + Bitcoin
finfire
Posts: 322
Joined: Tue Aug 14, 2018 1:52 pm

Re: Share your net worth progression

Post by finfire »

2010: 60k
2012: 217k
2014: 457k
2016: 592k
2018: 467k
2020: 780k

2017 slump was due to home purchase and renovation. Happy enough with everything else.

2020 we took on extra debt but cashed out old mortgage, so now we are holding more cash with higher debt on new mortgage. What to do with the cash will be for a future forum discussion.
scientist_87
Posts: 37
Joined: Sun Jun 23, 2019 1:13 pm

Re: Share your net worth progression

Post by scientist_87 »

12/31/2017: 266k
12/31/2018: 407k
12/31/2019: 541k
12/31/2020: 744k
ChiKid24
Posts: 569
Joined: Fri Aug 09, 2019 3:43 pm

Re: Share your net worth progression

Post by ChiKid24 »

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
ForeverInvestorILL
Posts: 215
Joined: Mon Feb 29, 2016 10:48 pm

Re: Share your net worth progression

Post by ForeverInvestorILL »

Not a very frequent poster but always like to come back to this thread each year, which is probably my favorite along with the Personal Financial Milestones thread. Keep up the great work everyone!

Age -- Date -- Net Worth
23.5 -- 07/05/2017 -- $47,464
24 -- 01/05/2018 -- $67,471
25 -- 01/05/2019 -- $109,919
26 -- 01/05/2020 -- $187,449
Just turned 27 -- 01/05/2021 -- $282,727
archie75
Posts: 8
Joined: Sun Feb 03, 2019 8:06 am

Re: Share your net worth progression

Post by archie75 »

-Current Age: 27
-Military w/ ~75k salary (not including re-enlistment bonuses)
-100% Equities
-$5000 Emergency Fund (Included in NW)

January 2018: $104k
January 2019: $136k
January 2020: $201k
January 2021: $346k
sapper1371
Posts: 273
Joined: Tue Jul 10, 2018 7:21 pm

Re: Share your net worth progression

Post by sapper1371 »

Hit $1M in investments after today’s gains! 41 so many years left to go so on to the next million 🍺
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

sapper1371 wrote: Thu Jan 07, 2021 9:01 pm Hit $1M in investments after today’s gains! 41 so many years left to go so on to the next million 🍺
That’s an awesome accomplishment! Keep up the good work!
goos_news
Posts: 207
Joined: Mon Jun 10, 2019 7:14 pm
Location: Northern California/French Riviera

Re: Share your net worth progression

Post by goos_news »

goos_news wrote: Sat Aug 08, 2020 2:41 am I'm relatively new to posting but I've referenced these forums many times -- I have probably did a terrible job with my portfolio for much of my life, especially for entire decades early on. I just kept my head down and net worth/assets usually only came up when it came to buy a home. Thus, I only have a few data points available before 2014, when we started tracking in preparation for retirement.

53/56, DINKs (tech/health care, still grinding away)
HCOL, 480K in direct comp, plus equity that has pushed AGI over double that in recent years.

1990: 23, 50K
1995: Sold 1991 1st home and bought a new one, still live there today, was around 800K NW
1996-1997 -- likely passed first million, in paper
2000-2001 --set back in tech bubble burst.
the stagnant decade (but wasn't hit too hard with financial crisis)
2010: 1.8M or so
Started tracking in 2013-2014 to prepare for retirement
2014: 4.4M
2015: 4.8M
2016: 5.8M (inheritance)
2017: 6.8M
2018: 7.7M
2019: 8.2M
2020: 9.1M
The above includes real estate, including the primary home. Not included is a pension with cash out value of $1M. Spouse does not want to retire for a few years.

We live well within our means, with actual net expenses of under 100 to 120K a year, and two cars (one purchased used, one leased), and limited splurges. We're not deprived, but we're not flashy spenders. Travel is the main expenditure (45+ countries), but usually pretty frugally. Did spring for a 2nd home overseas as the biggest splurge but it is rented seasonally. Will need to learn to open the purse strings (upon the FA's encouragement, of all things), and it is the spouse that is the most frugal.
Just an update form 8/20 to 1/20 -- crossed into 8 digits using the same methodology, a good milestone that I wanted to definitively record. Probably will shuffle around this for a while, and not fall back too much. Bonuses, company stock, and portfolio gains for the quick rise, but the bulk is the same standard boglehead split.
4a757374696e
Posts: 76
Joined: Thu Sep 29, 2016 11:38 pm
Location: Austin, TX

Re: Share your net worth progression

Post by 4a757374696e »

jimmmy wrote: Mon Jan 04, 2021 11:29 am
jimmmy wrote: Tue Jan 01, 2019 12:05 pm Age 22 12/17/2010: $7,457.97
Age 23 12/17/2011: $17,228.76
Age 24 12/31/2012: $40,480.11
Age 25 12/31/2013: $39,129.08
Age 26 12/31/2014: $52,439.23
Age 27 12/31/2015: $51,321.29
Age 28 12/31/2016: $40,381.29
Age 29 12/31/2017: $48,063.59
Age 30 12/31/2018: $62,472.53

2013 through 2017 included a lot of goofing off, some volunteer work, lots of travelling, lots of time spent with nieces and nephews, and 20 hours of poker each week to keep my head above water. I'm back to the office life now and feel there's a >90% chance I'll be able to join the 6 figure club by Q1 2020. :beer
Age 31 12/31/2019: $105,966.33
Age 32 12/31/2020: $165,589.93

Yep, still care about the pennies.
Well done on reaching your goal to join the 6 figure club. You're doing a great job! Keep it up :sharebeer
Don't do anything tomorrow that can be done today
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bartio
Posts: 22
Joined: Sat Mar 29, 2014 12:44 pm

Re: Share your net worth progression

Post by bartio »

bartio wrote: Thu Feb 28, 2019 4:31 pm I'm 44, Married with 3 kids. Have about 15K in each kid's 529 plan. Wife and I together make about $275K before taxes. Although her working (110K) is not definite as she constantly cribs about stress of working! I will be 60 when my third hits college!


Date Savings Retirement

12/9/2004 $16,401.34 $7,500.00
12/22/2005 $37,053.03 $16,704.69
12/8/2006 $41,629.66 $18,758.95
12/19/2009 $88,181.00 $60,323.00
11/20/2010 $119,214.25 $77,995.00
2/27/2013 $129,942.30 $165,026.99
12/28/2013 $156,144.08 $191,195.75
11/6/2014 $225,656.63 $240,918.28
6/20/2015 $307,779.41 $272,879.50 (Bought Home; 750 K; 20% down; 30 yr fixed @ 3.62)
6/15/2016 $195,565.00 $321,689.00 (Third child born; Wife quit job to spend time with him)
6/22/2017 $171,930.00 $393,677.00
6/16/2018 $171,951.00 $486,708.00 (Wife started working)
2/19/2019 $198,480.00 $558,029.00 (Savings reflects taking a 3 year loan for new minivan @ 2.5%)
Only 30 K is in cash. Another 15 K is in State Bond fund. Rest is in Mutual funds and stocks.

Retirement includes about 23K in HSA invested in TDAmeritrade (HSABank) in Funds and rest are in Sep ira and wife's 401k

Doesn't include about 200 K in home equity
* Below doesn't include $250,000 in Home Equity, $150,000 in overseas assets
Date Savings Retirement
3/25/2019 $182,900.00 $572,060.00
9/19/2019 $181,486.00 $645,600.00
2/2/2020 $182,500.00 $719,581.00
12/26/2020 $192,452.00 $891,948.00
1/7/2021 $193,308.02 $916,351.00
Nebraska_Drought
Posts: 377
Joined: Fri Nov 13, 2020 10:19 am
Location: Lincoln, NE

Re: Share your net worth progression

Post by Nebraska_Drought »

I started keeping track in 2005. Family of 4 with my wife and I's combined income currently at about $145,000. When we started keeping track in 2005, we would have had a combined income of about $85,000. 1 son in college and a daughter in HS. I am 48 and my wife is 45, which put me at about 30 when I started keeping track. Debt free outside of $50K left on our house, to be paid off in 3 years. (NOTE: All my values are from January of the year stated)
Year Savings Net Worth
2006: $68,431
2007: $113,787
2008: $141,120
2009: $101,563 (Bought a farm as an investment)
2010: $172,223
2011: $245,876
2012: $282,146
2013: $341,481
2014: $456,673
2015: $547,062
2016: $586,590
2017: $674,816
2018: $737,480 $1,040,480 *first year I kept track of this
2019: $728,162 $1,041,162
2020: $916,376 $1,294,127
2021: $1,093,815 $1,523,565
jmoney
Posts: 2
Joined: Fri Mar 31, 2017 12:40 pm

Re: Share your net worth progression

Post by jmoney »

Savings rate is right around ~40% before tax and 50% after tax. I am single with no kids, which makes this community the only entity that I share this information with. Bogleheads has challenged me to save more and invest what I save and I am grateful for all the advice and threads on this site.

The below figures are taken in January of each listed year using prior year income. I would welcome any and all feedback on my progress since I really have no one to share with except here. Projecting to be a millionaire by age 35 or sooner depending on career trajectory.

Year(age): Net Worth [~Prior Year Income]
Graduated college in June 2013
2014 (22): $20.8K [$30K]
2015 (23): $78.3K [$54K]
2016 (24): $115K [$56K]
2017 (25): $165K [$63K]
2018 (26): $223K [$67K]
2019 (27): $266K [$77K]
2020 (28): $354K [$110K]
2021 (29): $475K [$124K]
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

jmoney wrote: Fri Jan 08, 2021 5:37 pm Savings rate is right around ~40% before tax and 50% after tax. I am single with no kids, which makes this community the only entity that I share this information with. Bogleheads has challenged me to save more and invest what I save and I am grateful for all the advice and threads on this site.

The below figures are taken in January of each listed year using prior year income. I would welcome any and all feedback on my progress since I really have no one to share with except here. Projecting to be a millionaire by age 35 or sooner depending on career trajectory.

Year(age): Net Worth [~Prior Year Income]
Graduated college in June 2013
2014 (22): $20.8K [$30K]
2015 (23): $78.3K [$54K]
2016 (24): $115K [$56K]
2017 (25): $165K [$63K]
2018 (26): $223K [$67K]
2019 (27): $266K [$77K]
2020 (28): $354K [$110K]
2021 (29): $475K [$124K]
That is very impressive. You are on your way!
Pigeye Brewster
Posts: 449
Joined: Thu Oct 05, 2017 7:33 pm

Re: Share your net worth progression

Post by Pigeye Brewster »

sapper1371 wrote: Thu Jan 07, 2021 9:01 pm Hit $1M in investments after today’s gains! 41 so many years left to go so on to the next million 🍺
I found that after 40, time speeds up and so does net worth progression. :beer
kcxie
Posts: 70
Joined: Thu Dec 18, 2008 9:24 pm

Re: Share your net worth progression

Post by kcxie »

goos_news wrote: Fri Jan 08, 2021 2:35 am
goos_news wrote: Sat Aug 08, 2020 2:41 am I'm relatively new to posting but I've referenced these forums many times -- I have probably did a terrible job with my portfolio for much of my life, especially for entire decades early on. I just kept my head down and net worth/assets usually only came up when it came to buy a home. Thus, I only have a few data points available before 2014, when we started tracking in preparation for retirement.

53/56, DINKs (tech/health care, still grinding away)
HCOL, 480K in direct comp, plus equity that has pushed AGI over double that in recent years.

1990: 23, 50K
1995: Sold 1991 1st home and bought a new one, still live there today, was around 800K NW
1996-1997 -- likely passed first million, in paper
2000-2001 --set back in tech bubble burst.
the stagnant decade (but wasn't hit too hard with financial crisis)
2010: 1.8M or so
Started tracking in 2013-2014 to prepare for retirement
2014: 4.4M
2015: 4.8M
2016: 5.8M (inheritance)
2017: 6.8M
2018: 7.7M
2019: 8.2M
2020: 9.1M
The above includes real estate, including the primary home. Not included is a pension with cash out value of $1M. Spouse does not want to retire for a few years.

We live well within our means, with actual net expenses of under 100 to 120K a year, and two cars (one purchased used, one leased), and limited splurges. We're not deprived, but we're not flashy spenders. Travel is the main expenditure (45+ countries), but usually pretty frugally. Did spring for a 2nd home overseas as the biggest splurge but it is rented seasonally. Will need to learn to open the purse strings (upon the FA's encouragement, of all things), and it is the spouse that is the most frugal.
Just an update form 8/20 to 1/20 -- crossed into 8 digits using the same methodology, a good milestone that I wanted to definitively record. Probably will shuffle around this for a while, and not fall back too much. Bonuses, company stock, and portfolio gains for the quick rise, but the bulk is the same standard boglehead split.
Congratulation!
8 figures definitely is huge milestone.
lot of people could not reach ever.
Enjoy and let us know your next goal or plan.
sesq
Posts: 587
Joined: Wed Jan 30, 2013 8:24 am

Re: Share your net worth progression

Post by sesq »

investingdad wrote: Fri Jan 01, 2021 9:50 am We increased a bit over 20% this year, I'm pleased.

The major milestone synopsis:

Age 30, 200k NW
Age 39, 1 million NW
Age 47, 3.85 million NW

Portfolio of funds, 70:30 equities. No Tesla stock ;)
We were close in 2014 (first page), but you have really turned it on since I am at a mere $2.5M. Guess that dual income thing was pretty handy. Congrats on your progress. I hope to hit the finish line in the next few years (7 is the target when the kids leave the house, maybe sooner if the opportunity presents).
goos_news
Posts: 207
Joined: Mon Jun 10, 2019 7:14 pm
Location: Northern California/French Riviera

Re: Share your net worth progression

Post by goos_news »

kcxie wrote: Fri Jan 08, 2021 7:59 pm
goos_news wrote: Fri Jan 08, 2021 2:35 am
goos_news wrote: Sat Aug 08, 2020 2:41 am
snipped for brevity

2019: 8.2M
2020: 9.1M
The above includes real estate, including the primary home. Not included is a pension with cash out value of $1M. Spouse does not want to retire for a few years.

snipped for brevity
Just an update form 8/20 to 1/20 -- crossed into 8 digits using the same methodology, a good milestone that I wanted to definitively record. Probably will shuffle around this for a while, and not fall back too much. Bonuses, company stock, and portfolio gains for the quick rise, but the bulk is the same standard boglehead split.
Congratulation!
8 figures definitely is huge milestone.
lot of people could not reach ever.
Enjoy and let us know your next goal or plan.
Thank you. It does seem like crossing a digit is the a big one, so I wanted to formally mark it. I think the next goal is to make it just in investment/retirement and savings (no personal or commercial RE), as a nice incremental step while loosening up a bit.
investingdad
Posts: 2139
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your net worth progression

Post by investingdad »

sesq wrote: Sat Jan 09, 2021 1:12 pm
investingdad wrote: Fri Jan 01, 2021 9:50 am We increased a bit over 20% this year, I'm pleased.

The major milestone synopsis:

Age 30, 200k NW
Age 39, 1 million NW
Age 47, 3.85 million NW

Portfolio of funds, 70:30 equities. No Tesla stock ;)
We were close in 2014 (first page), but you have really turned it on since I am at a mere $2.5M. Guess that dual income thing was pretty handy. Congrats on your progress. I hope to hit the finish line in the next few years (7 is the target when the kids leave the house, maybe sooner if the opportunity presents).
I hadn't seen my first post until you pointed it out.

I was working from memory in my recent post, the one from 2014 is more accurate on the age 30 net worth.

Our combined salary had certainly increased since 2014. Combined is now just a bit over 300k. This past year we saved about 45% of net, plus the 401k.
Mofire
Posts: 49
Joined: Thu Aug 06, 2020 9:28 am

Re: Share your net worth progression

Post by Mofire »

goos_news wrote: Sat Jan 09, 2021 2:20 pm
kcxie wrote: Fri Jan 08, 2021 7:59 pm
goos_news wrote: Fri Jan 08, 2021 2:35 am
goos_news wrote: Sat Aug 08, 2020 2:41 am
snipped for brevity

2019: 8.2M
2020: 9.1M
The above includes real estate, including the primary home. Not included is a pension with cash out value of $1M. Spouse does not want to retire for a few years.

snipped for brevity
Just an update form 8/20 to 1/20 -- crossed into 8 digits using the same methodology, a good milestone that I wanted to definitively record. Probably will shuffle around this for a while, and not fall back too much. Bonuses, company stock, and portfolio gains for the quick rise, but the bulk is the same standard boglehead split.
Congratulation!
8 figures definitely is huge milestone.
lot of people could not reach ever.
Enjoy and let us know your next goal or plan.
Thank you. It does seem like crossing a digit is the a big one, so I wanted to formally mark it. I think the next goal is to make it just in investment/retirement and savings (no personal or commercial RE), as a nice incremental step while loosening up a bit.
Kudos on hitting this milestone. How old are you? Do you have a specific number before retiring?
goos_news
Posts: 207
Joined: Mon Jun 10, 2019 7:14 pm
Location: Northern California/French Riviera

Re: Share your net worth progression

Post by goos_news »

Mofire wrote: Mon Jan 11, 2021 11:03 am
goos_news wrote: Sat Jan 09, 2021 2:20 pm
kcxie wrote: Fri Jan 08, 2021 7:59 pm
goos_news wrote: Fri Jan 08, 2021 2:35 am
goos_news wrote: Sat Aug 08, 2020 2:41 am
snipped for brevity

2019: 8.2M
2020: 9.1M
The above includes real estate, including the primary home. Not included is a pension with cash out value of $1M. Spouse does not want to retire for a few years.

snipped for brevity
Just an update form 8/20 to 1/20 -- crossed into 8 digits using the same methodology, a good milestone that I wanted to definitively record. Probably will shuffle around this for a while, and not fall back too much. Bonuses, company stock, and portfolio gains for the quick rise, but the bulk is the same standard boglehead split.
Congratulation!
8 figures definitely is huge milestone.
lot of people could not reach ever.
Enjoy and let us know your next goal or plan.
Thank you. It does seem like crossing a digit is the a big one, so I wanted to formally mark it. I think the next goal is to make it just in investment/retirement and savings (no personal or commercial RE), as a nice incremental step while loosening up a bit.
Kudos on hitting this milestone. How old are you? Do you have a specific number before retiring?
Oh, sorry, I clipped that out of the post. More details in an earlier one. 54. We keep delaying. Can go at any time clearly but are hanging around -- two years max.
Morford
Posts: 54
Joined: Tue Jun 20, 2017 8:42 am

Re: Share your net worth progression

Post by Morford »

Morford wrote: Tue Nov 26, 2019 7:38 am This is a fascinating thread - can tell it's been a good run for the markets for a lot of folks (myself included). I just started tracking five years ago which was about ten years out of grad school with significant student loan debt for both me and my spouse.

1/1/14 - $995,065
1/1/15 - $1,142,264
1/1/16 - $1,282,956
1/1/17 - $1,704,025
1/1/18 - $2,645,871
1/1/19 - $2,720,126
1/1/20 - $3,700,603
1/1/21 - $5,086,000
[ quote fixed by admin LadyGeek]

Figure should update for 2020. Thankful to have not been impacted by COVID.
User avatar
crinkles2
Posts: 244
Joined: Fri Nov 28, 2014 7:18 pm

Re: Share your net worth progression

Post by crinkles2 »

Dec 31, 2020 - $380,000 including home equity - $211,000 excluding home equity - Age 39 - married - 3 kids
Dec 31, 2021 - $486,000 including home equity - $257,000 excluding home equity - Age 40 - married - 3 kids
Dec 31, 2022 - $510,000 including home equity - $254,000 excluding home equity - Age 41 - married - 3 kids
Dec 30, 2023 - $619,000 including home equity - $309,000 excluding home equity - Age 42 - married - 3 kids

in USD
Last edited by crinkles2 on Fri Dec 29, 2023 5:58 pm, edited 4 times in total.
fatcoffeedrinker
Posts: 445
Joined: Mon Mar 23, 2020 2:03 pm

Re: Share your net worth progression

Post by fatcoffeedrinker »

Deleted
Last edited by fatcoffeedrinker on Wed Mar 02, 2022 10:22 am, edited 1 time in total.
User avatar
Tamarind
Posts: 2810
Joined: Mon Nov 02, 2015 1:38 pm

Re: Share your net worth progression

Post by Tamarind »

Tamarind wrote: Fri Aug 14, 2020 4:51 pm Investible net worth (no home equity) now north of $500k. It feels like, after 10 years of really focused saving/investing, the slope of the curve is starting to tilt upward.
34/32 DINK

2020 was one heck of a year for those of us lucky enough to stay employed and invested. Added ~$200k to net worth (excl home value increase) off combined gross income just over $200k. It's really strange to watch retirement contributions making up a smaller and smaller percentage of growth. Is this the mythical compounding?? :P

4 years to go until the house is paid off (though we will add in HELOC debt before that point to do a major reno).
Financologist
Posts: 390
Joined: Wed Jan 01, 2020 10:16 pm

Re: Share your net worth progression

Post by Financologist »

ponyboy wrote: Sat Jan 02, 2021 8:09 am
mmcmonster wrote: Sat Jan 02, 2021 8:00 am
Wricha wrote: Sat Jan 02, 2021 7:23 amWhat is the top 1% household net worth by age

To be top 1% in 2020, a household needed a net worth of $11,099,166. $10,374,030 was the 1% threshold in 2017.

Age Top 1% Net Worth
18-24 $435,076.59
25-29 $606,188.36
30-34 $956,944.74
35-39 $4,034,486.45
40-44 $7,909,636.79
45-49 $10,494,100.10
50-54 $13,524,093.87
55-59 $17,545,848.60
60-64 $14,629,637.13
65-69 $16,439,046.11
70-74 $12,625,305.04
75-79 $12,770,142.25
80+ $9,932,353.20

https://dqydj.com/average-median-top-ne ... es-by-age/
Just when I thought I was doing quite well. :oops:

Who are these people that have >$10M at age 50. I can't believe that 1 percent of the population are trust fund recipients, movie stars, and professional athletes.

What are the demographics of the top 1 percent net worth? Mostly lawyers and physicians? Very successful small business owners?
Comparison is the thief of joy.

Everyone is different. Everyone catches different breaks in life. People get lucky. People work extremely hard. Some people inherit money. There is no one size fits all. The only thing you can do is focus on yourself.
Agree with your sentiment completely. Comparisons can be useful if it helps you make the most of personal circumstances. But wow.. some people are rich rich rich.
Financologist
jsh84
Posts: 101
Joined: Thu May 15, 2014 9:32 am

Re: Share your net worth progression

Post by jsh84 »

Updating for the 2020 year

12/31/2006 | $50,000 | $30,000 --- Graduated with 1st degree. Total guess on NW and Income.
12/31/2007 | $75,000 | $38,200 --- Married, moved states. Guess on NW
12/31/2008 | $125,000 | $30,500 --- Spouse started new job. Guess on NW
12/31/2009 | $155,000 | $38,200 --- Bought first house, then lost job. Guess on NW
12/31/2010 | $180,000 | $65,500 --- Began low paying job
12/31/2011 | $188,302 | $76,000 --- Began 2nd degree
12/31/2012 | $226,500 | $108,375 --- a rare year with no major changes?
12/31/2013 | $260,000 | $105,500 --- 1st child born, graduated with 2nd degree
12/31/2014 | $288,000 | $112,000 --- Began work at current company, discovered BH and began personal finance revelation
12/31/2015 | $317,000 | $168,500 --- moved into a new house, had 2nd child
12/31/2016 | $473,000 | $277,500 --- promotion at work, spouse has best year ever
12/31/2017 | $644,500 | $231,165 --- significant health challenges begin in personal life
12/31/2018 | $710,500 | $209,000 --- promotion at work, spouse leaves job
12/31/2019 | $892,000 | $146,500 --- spouse begins different job
12/31/2020 | $1,050,000 | $170,000 -- I think we know what happened in this year. No major changes for us professionally

Crossing into 7 figures was pretty uneventful. It just doesn't mean anything different, other than an extra comma. We dont feel rich, we barely feel well off. I think we will need 7 figures in liquid investments or 2mm NW to feel like people did back in the day when they were "millionaires".
jsh84
Posts: 101
Joined: Thu May 15, 2014 9:32 am

Re: Share your net worth progression

Post by jsh84 »

fatcoffeedrinker wrote: Sun Jan 17, 2021 11:35 pm NW progression as of end of 2020 (all year end numbers, including house equity):

1997: -$53,000
1998: -$31,000
1999: $100,000
2000: $123,000
2001: $191,000
2002: $295,000
2003: $336,000
2004: $386,000
2005: $978,000
2006: $1,153,000
2007: $1,316,000
2008: $1,129,000
2009: $1,628,000
2010: $1,691,000
2011: $1,800,000
2012: $1,911,000
2013: $2,166,000
2014: $2,203,000
2015: $2,271,000
2016: $2,470,000
2017: $3,149,000
2018: $3,483,000
2019: $4,586,000
2020: $5,628,000
Man, what happened between 2004 and 2005? You almost tripled your nw!
whatshappeninman
Posts: 54
Joined: Thu Aug 24, 2017 11:52 pm

Re: Share your net worth progression

Post by whatshappeninman »

1990 - 1995 - College.
My Wharton-educated Dad was putting me further in debt every year - didn't know at the time, we had zero conversations about it (parents were separated and he signed all the forms "for" me). I worked and saved year round. Pay was very low but books alone (yes, even used, if available) would frequently wipe me out for months at a time.

1996 - Started working. Pay very low. At least $30-40K in debt.
1997 - Tried teaching. Pay really low. Car gave out. Bought a used one with a terrible note - at least 13%. Now another $12K in debt
1998 - Friend in NYC needed someone with computer skills. Got a decent-paying job (~$50K). Began digging myself out in part by renting a dump.
1999 - Income goes up a little, started paying off medical debt and terrible car note.
2000 - Around here I got my student loans paid off. Net worth emerges from negative territory. Continued renting a dump. No dating.
2001 - Continued saving and working hard. Got raises. Income goes up to around $75K. Net worth in the low to mid tens of thousands.
2002 - Bought used Ford for cash. Parents tell me at Xmas they're about to lose the house. Empty savings, pay off their note. Net worth: ~$0.
2003 - I quit my job for a financial industry tech job (startup company). Small raise ($90K). Very hard work, stress and ridiculously long hours.
2004 - Hard work pays off. I get big raises and good bonuses ($300K/year total). Still living in dump. Save like crazy. Maybe $200K saved
2005 - Bought my first home in April. Tried to pay cash but the market was exploding and wanted to finally leave my 300sqft basement apartment
2006 - Paid my home off in 14 months. Net worth: at least $3-400K. Had been dating my future wife for about a year now. Savings: emergency only
2007 - Fiance and I buy a ~$750K place together, agreeing to PAY IT OFF AS SOON AS POSSIBLE. She's also in tech, reasonably good money habits
2008 - Paid place off 30 days before I lost my job (sold old place just in time). Fiance still working. Net worth at least $800K with severance, savings
2009 - Get married and a new job ($125K/year). Renting second place (4hr commute). Empty liquid savings to buy options at previous company.
2010 - Savings slowly increasing. Get promoted, raise, stop renting second place. Our net worth was probably $1M+ when we married.
2011 - More of the same. Savings slowly increasing. Liquid savings under $100K, net worth still roughly $1M. Arrange 4d/wk remote work
2012 - New boss. Not ok with remote work. Position "eliminated". Get new job for $155K. No commute but a lot of travel. Net worth: $1.1?
2013 - Leave $155K job for $170K job. Some remote work, some travel. Back in financial industry. Clients are all major names.
2014 - Son is born. Expenses go up... a lot, but indulge it because we can afford it. Net worth probably stagnant minus retirement savings
2015 - Wife gets laid off, gets a 10 year severance check and job in < 3 weeks. Open 529 for my son and put in max ($14K?) every year
2016 - Traveling and some commuting for job. Getting tired of very cramped lifestyle in city with son, in-laws, nannies and a lot of stuff
2017 - Started looking for house. Opened taxable Vanguard account and put at least $300K of my savings in VFIAX. 401(k) absolutely sucks
2018 - Bought $1.418M house. Wife wanted to keep both, big stress there but convinced her, sold and paid off before first payment due.
2019 - Net worth over $2M by now but savings low. My 401(k) finally gets index fund in '18 and I go all in. Last year's balance $333K. This year, over 400
2020 - Start replenishing taxable Vanguard account. 401(k) crosses 500K. Buy Lexus for cash. Still have used '01 Ford. Wife gets new job, $170K
2021 - House worth $1.5+, 529 has 150K+, Taxable is over 200K, first back-door Roth contributions (6K now), 401(k) is at 580K.

Combined with wife, we are at least $3M. Not much of it is what I would consider liquid. Biggest chunk is house, then retirement, 529. COL here is really high - taxes are $25K/year for 2800sqft, 0.3 ac house. Thank God we got out of the city when we did.

My wife has good inclinations - she saves, does not run CC balances and lives below her means, but does have some bad habits. She falls for every "free money" offer to open a credit card or bank account, and thus keeping track of all of her accounts is a pain. Her emotions play a big part in her decision making. She insists on timing the market and trading in and out on her accounts, including her retirement, in spite of my repeated coaching and pointing out that this approach loses money. Emotions and peer-pressure also play a part in child-oriented spending.

I turn 50 this year and am maxed out on my retirement and backdoor Roth. My plan is to get the retirement as far along as possible, keep the extravagant expenses to a minimum and get the hell out of here as soon as DS has graduated HS ('32). Move to cheaper area with lower taxes, migrate some home value into retirement income via fixed-income instrument or some other. Hopefully by then the retirement will be north of $2M.
stoptothink
Posts: 15368
Joined: Fri Dec 31, 2010 8:53 am

Re: Share your net worth progression

Post by stoptothink »

jsh84 wrote: Tue Jan 19, 2021 6:29 pm Updating for the 2020 year

12/31/2006 | $50,000 | $30,000 --- Graduated with 1st degree. Total guess on NW and Income.
12/31/2007 | $75,000 | $38,200 --- Married, moved states. Guess on NW
12/31/2008 | $125,000 | $30,500 --- Spouse started new job. Guess on NW
12/31/2009 | $155,000 | $38,200 --- Bought first house, then lost job. Guess on NW
12/31/2010 | $180,000 | $65,500 --- Began low paying job
12/31/2011 | $188,302 | $76,000 --- Began 2nd degree
12/31/2012 | $226,500 | $108,375 --- a rare year with no major changes?
12/31/2013 | $260,000 | $105,500 --- 1st child born, graduated with 2nd degree
12/31/2014 | $288,000 | $112,000 --- Began work at current company, discovered BH and began personal finance revelation
12/31/2015 | $317,000 | $168,500 --- moved into a new house, had 2nd child
12/31/2016 | $473,000 | $277,500 --- promotion at work, spouse has best year ever
12/31/2017 | $644,500 | $231,165 --- significant health challenges begin in personal life
12/31/2018 | $710,500 | $209,000 --- promotion at work, spouse leaves job
12/31/2019 | $892,000 | $146,500 --- spouse begins different job
12/31/2020 | $1,050,000 | $170,000 -- I think we know what happened in this year. No major changes for us professionally

Crossing into 7 figures was pretty uneventful. It just doesn't mean anything different, other than an extra comma. We dont feel rich, we barely feel well off. I think we will need 7 figures in liquid investments or 2mm NW to feel like people did back in the day when they were "millionaires".
Looks like we are very close in age, net worth, and income (ours is ~$220k now, but has close to tripled in the last 5yrs). Totally with you about the not feeling "rich" part. Wife and I are worth more than both our parents and all 9 siblings combined, and we are considerably more wealthy than all but a few in our social circle, but we definitely don't feel that way. Probably because we were pretty much broke when we met 8yrs ago. It's all new. Another decade of consistent growth and I think it'll begin to sink in that we have "more" than we ever thought we could possibly have.
CarpeDiem22
Posts: 285
Joined: Tue May 22, 2018 11:20 pm

Re: Share your net worth progression

Post by CarpeDiem22 »

CarpeDiem22 wrote: Fri Jan 03, 2020 3:36 am
CarpeDiem22 wrote: Wed Jan 02, 2019 3:20 am
CarpeDiem22 wrote: Fri Aug 10, 2018 1:01 am Coming from a low income-low expense country, I need only about USD 220K to retire. Here is how my NW has moved:

All amounts as on 31st Dec, in USD at current exchange rate (Aug 2018):

2013: 6K (age 27, fresh out of post-grad)
2014: 16K (age 28)
2015: 23K (age 29)
2016: 32K (age 30)
2017: 40K (age 31)
2018 YTD: 50K (still 31)

My wife has about 18K additional, so we're total at 68K, about 31% done towards goal. Never had more than 10% equity exposure before Jan 2017 due to lack of knowledge.
2018: 54K (age 32) (wife has 21K, so total at 75K).
2019: 95K (combined with DW)
2020: 126k (combined)
AlphabetBackward
Posts: 10
Joined: Mon Feb 04, 2019 5:23 pm

Re: Share your net worth progression

Post by AlphabetBackward »

Image
crossroad101
Posts: 41
Joined: Sun May 27, 2018 3:55 pm

Re: Share your net worth progression

Post by crossroad101 »

I last posted here during the time of my first home purchase back in 2019. Ever since a lot, quite a lot has changed of course to put it mildly. We have 2 little ones now 1yo and 3 yo a job change and of course the pandemic. I am grateful to have a job still however the most recent company I joined in Feb 2020 has been acquired by a larger fish in the same industry. It is to be seen how it turns out. In the PNW (Portland area) home prices have also appreciated a bit since we purchased. I would like to know how to consider the pending mortgage (440k) and equity (125k) in the context of nw progression (Age 36, married w/ 2 kids). Sincerely appreciate all inputs re. if I'm considered still on track. Thank you.

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Orig. post: viewtopic.php?p=5757824#p5757824
Roarindino
Posts: 24
Joined: Sat Jul 15, 2017 9:09 am

Re: Share your net worth progression

Post by Roarindino »

Roarindino wrote: Sun Dec 08, 2019 3:26 pm 2017 neg 108,000 - age 34
2018 67,000
2019 360,000

Hope to get to 1 million in 3 more years.

Update
2020 1million (including home equity)
User avatar
FlatSix
Posts: 331
Joined: Thu Jan 16, 2020 8:37 pm

Re: Share your net worth progression

Post by FlatSix »

Despite the market's move downwards on Friday, we were able to break the two comma barrier with the clearing of our monthly paychecks which included a quarterly bonus.

I finished medical school in 2013 with 275k in student loans, married in 2014, finished training in summer 2018. My wife started working in 2013 and has earned about an average of 80k/year. We maxed our Roth IRAs starting in 2014. Started really reading about finances and stumbling upon White Coat Investor and Bogleheads in 2018.

Our portfolio is 90/10 which does not include our EF. I consider ourselves, for many reasons, to be very fortunate.

July 2013: -275k (age, 26)
July 2014: -350k (married, student loans combined)
July 2018: -175k
May 2019: +135k
August 2020:+705k
January 2021: +1,040k (portfolio 860k)
cusetownusa
Posts: 515
Joined: Thu Mar 27, 2014 9:54 am

Re: Share your net worth progression

Post by cusetownusa »

sidartvader wrote: Thu Dec 31, 2020 6:01 pm
cusetownusa wrote: Thu Dec 31, 2020 11:43 am 2002: ($40,000) (started off with student loans and a new car :oops: )
.
.
.
2011: $78,000
2012: $148,000
2013: $337,000
2014: $441,000
2015: $580,000
2016: $723,000
2017: $1,150,000
2018: $1,220,000
2019: $1,680,000 ($1,150,000 invested)
2020: $2,440,000 ($1,875,000 invested)

Updated for year end 2020. All The Total net worth figures include house equity and present value of pension if stopped working today. Currently 41 years old, spouse is 39.
Congrats for hitting the $2MM mark! Curious to hear what drove the ~50% gain in 2020.
Sorry, somehow I missed this post.

Some of it was savings....Up until 2020 I was heavily focused on paying down debt (after maxing out tax advantage accounts) and had finally paid everything off including my mortgage in 2019. This freed up additional money for savings.

When the market tanked in March I shifted my AA towards mostly equities. I plan on shifting some back to bonds here soon. Buying a bunch of stocks at a near low help when the market rebounded in 2020.

Also bought some TSLA shares in 2020 that more than doubled last year.

I believe this mostly explains the 50% increase in 2020. I don't expect this going forward. Also, the last 2 factors I would never have done if I wasn't debt free and well on our way to being financially independent. Up until 2020 I had never bought an individual stock before. In hindsight, if I had just invested in equities instead of aggressively paying down debt over all of these years I am sure I would have been better off...however, I hate debt and helps me sleep at night knowing that I am debt free.
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