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.
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22twain
Posts: 4032
Joined: Thu May 10, 2012 5:42 pm

Re: Share your net worth progression

Post by 22twain »

22twain wrote: Mon May 13, 2019 9:49 am
22twain wrote: Mon May 13, 2019 6:38 amNet worth figures in dollars are meaningless without context. If they were stated as multiples of annual expenses they would be more meaningful.
I suppose I'd better practice what I preach, so here is my progression in financial assets as a multiple of my estimated expenses (including taxes, and assuming current spending patterns) at age 70. At this point I will start to collect Social Security and take RMDs from my tax-deferred accounts, and have to pay taxes on them. My current expenses are lower because my taxable income is low, and so are my taxes.

Age 31: 0.5x
Age 35: 2x
Age 40: 5x
Age 45: 8x
Age 50: 11x
Age 55: 23x (includes the combined effect of the 2008-09 crash, and a jump of about 10x from an inheritance)
Age 60: 35x
Age 63 (retired): 38x
Age 65 (now): 42x
Update:
Age 67 (now): 50x

The pandemic obviously affected my ability to spend on travel. :( Also, we've had a big run-up in the stock market, even including the dip at the beginning of the pandemic.
When I start collecting SS, it will just about cover my estimated expenses. (So what will I do with the 42x 50x? I'm thinking about it...)

Context:

Unlike probably most people here, DW and I mostly handle our finances separately, and contribute to a joint account for household expenses. The expenses used here include my share of our joint expenses. Her progression was somewhat similar to mine. Being a few years older, she now has more than I do, and her SS is about the same as mine will be.

We live in a small town in the South, and were both small-college professors. Our salaries each reached a maximum of about 2x age-70 expenses in today's dollars. No children.
Meet my pet, Peeve, who loves to convert non-acronyms into acronyms: FED, ROTH, CASH, IVY, ...
rage_phish
Posts: 772
Joined: Thu Jan 31, 2019 3:27 pm

Re: Share your net worth progression

Post by rage_phish »

Our net worth 6 months ago was $780k
I remember proudly telling my wife that there was a very good chance we would pass $1 million by the time we turned 40

Due to an inheritance we are now at $1.5. And as dumb as this sounds (and as happy as I am) it took away the feeling of accomplishment
N10sive
Posts: 746
Joined: Thu May 05, 2016 6:22 pm

Re: Share your net worth progression

Post by N10sive »

iamlucky13 wrote: Thu Apr 15, 2021 7:37 pm
alexL wrote: Sat Jan 02, 2021 12:38 am For reference, here is the latest professional study for the retirement savings by age:

https://dqydj.com/retirement-savings-by-age/

Most people on this forum are definitely well beyond median numbers. The website provides a calculator to calculate your percentile.
That is a very interesting link. Thanks for sharing!

I'm not keen on sharing my personal details, but suffice to say, I feel much better about my personal financial situation comparing it to the data in that link than the figures self-reported in this thread.

I previously had known how our retirement savings compared with the median and average, but our actual percentile is a little better than I realized.
I am always astounded by some of the numbers here. With tis calculator I am close to the 99% in savings for my age. While I just have gotten to a good salary I assume my savings rate will increase as long as I live below my means, but it always seems I don't have anything compared to the majority on this board. However I know everybody's situation is different and can't compare to other but only focus on your goals.
alfaspider
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Joined: Wed Sep 09, 2015 4:44 pm

Re: Share your net worth progression

Post by alfaspider »

N10sive wrote: Thu Jun 24, 2021 11:27 am
iamlucky13 wrote: Thu Apr 15, 2021 7:37 pm
alexL wrote: Sat Jan 02, 2021 12:38 am For reference, here is the latest professional study for the retirement savings by age:

https://dqydj.com/retirement-savings-by-age/

Most people on this forum are definitely well beyond median numbers. The website provides a calculator to calculate your percentile.
That is a very interesting link. Thanks for sharing!

I'm not keen on sharing my personal details, but suffice to say, I feel much better about my personal financial situation comparing it to the data in that link than the figures self-reported in this thread.

I previously had known how our retirement savings compared with the median and average, but our actual percentile is a little better than I realized.
I am always astounded by some of the numbers here. With tis calculator I am close to the 99% in savings for my age. While I just have gotten to a good salary I assume my savings rate will increase as long as I live below my means, but it always seems I don't have anything compared to the majority on this board. However I know everybody's situation is different and can't compare to other but only focus on your goals.
Don't worry too much. This thread is a self selecting subset of a self-selecting group.
Sic Vis Pacem
Posts: 277
Joined: Mon Sep 04, 2017 8:25 pm

Re: Share your net worth progression

Post by Sic Vis Pacem »

rage_phish wrote: Thu Jun 24, 2021 9:34 am Our net worth 6 months ago was $780k
I remember proudly telling my wife that there was a very good chance we would pass $1 million by the time we turned 40

Due to an inheritance we are now at $1.5. And as dumb as this sounds (and as happy as I am) it took away the feeling of accomplishment
Doesn't sound dumb to me at all. I feel the same way after we received a sizable inheritance. At point along the way, I just decided I would (re)celebrate the milestone when we cross it with just "our" money. Should be a little bit before 40. :sharebeer
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jimmmy
Posts: 23
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Re: Share your net worth progression

Post by jimmmy »

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.
More details. Net Worth | Gross Earned Income | Total Spend

Age 22 12/17/2010: $7k | $31k | ?
Age 23 12/17/2011: $17k | $34k | ?
Age 24 12/31/2012: $40k | $44k | ?
Age 25 12/31/2013: $39k | $14k | $20k
Age 26 12/31/2014: $52k | $47k | $24k
Age 27 12/31/2015: $51k | $29k | $24k
Age 28 12/31/2016: $40k | $0k | $12k
Age 29 12/31/2017: $48k | $14k | $21k
Age 30 12/31/2018: $62k | $42k | $16k
Age 31 12/31/2019: $105k | $51k | $18k
Age 32 12/31/2020: $165k | $57k | $16k
dboeger1
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Joined: Fri Jan 13, 2017 6:32 pm

Re: Share your net worth progression

Post by dboeger1 »

N10sive wrote: Thu Jun 24, 2021 11:27 am
iamlucky13 wrote: Thu Apr 15, 2021 7:37 pm
alexL wrote: Sat Jan 02, 2021 12:38 am For reference, here is the latest professional study for the retirement savings by age:

https://dqydj.com/retirement-savings-by-age/

Most people on this forum are definitely well beyond median numbers. The website provides a calculator to calculate your percentile.
That is a very interesting link. Thanks for sharing!

I'm not keen on sharing my personal details, but suffice to say, I feel much better about my personal financial situation comparing it to the data in that link than the figures self-reported in this thread.

I previously had known how our retirement savings compared with the median and average, but our actual percentile is a little better than I realized.
I am always astounded by some of the numbers here. With tis calculator I am close to the 99% in savings for my age. While I just have gotten to a good salary I assume my savings rate will increase as long as I live below my means, but it always seems I don't have anything compared to the majority on this board. However I know everybody's situation is different and can't compare to other but only focus on your goals.
Same here. I just turned 30 and I often feel way behind the curve compared to many of my peers, not just financially but particularly in terms of career progression. Of course, being in Silicon Valley around multi-millionaires in their 20s, I need to remind myself that they are not the norm. Not only am I in the 99th percentile for my age, but I'm in the 80th percentile for ages 65-69, which seems to be the lowest I go. And that's just following the strict definition with my own accounts... apparently, that page's figures are for households, so if I added my wife's retirement accounts, plus all our taxable and I-bonds and so forth, we'd be even higher. That just blows my mind. I don't feel like a "1%-er" at all given that we haven't reached FI yet. I don't know why, but I always just assumed the top 1% would be FI, but looking at the data in more detail, it's clear that it's more dependent on spending and total balance than percentile at any given age. The top 1% at 60 might be FI, but it's unlikely at 30, which makes sense. In other words, the message is the same whether one is 99th percentile or 50th, you're not rich by FI standards until you plug away and hit your personal number.
mceagle555
Posts: 174
Joined: Mon Aug 31, 2020 12:41 pm

Re: Share your net worth progression

Post by mceagle555 »

dboeger1 wrote: Thu Jun 24, 2021 1:27 pm
N10sive wrote: Thu Jun 24, 2021 11:27 am
iamlucky13 wrote: Thu Apr 15, 2021 7:37 pm
alexL wrote: Sat Jan 02, 2021 12:38 am For reference, here is the latest professional study for the retirement savings by age:

https://dqydj.com/retirement-savings-by-age/

Most people on this forum are definitely well beyond median numbers. The website provides a calculator to calculate your percentile.
That is a very interesting link. Thanks for sharing!

I'm not keen on sharing my personal details, but suffice to say, I feel much better about my personal financial situation comparing it to the data in that link than the figures self-reported in this thread.

I previously had known how our retirement savings compared with the median and average, but our actual percentile is a little better than I realized.
I am always astounded by some of the numbers here. With tis calculator I am close to the 99% in savings for my age. While I just have gotten to a good salary I assume my savings rate will increase as long as I live below my means, but it always seems I don't have anything compared to the majority on this board. However I know everybody's situation is different and can't compare to other but only focus on your goals.
Same here. I just turned 30 and I often feel way behind the curve compared to many of my peers, not just financially but particularly in terms of career progression. Of course, being in Silicon Valley around multi-millionaires in their 20s, I need to remind myself that they are not the norm. Not only am I in the 99th percentile for my age, but I'm in the 80th percentile for ages 65-69, which seems to be the lowest I go. And that's just following the strict definition with my own accounts... apparently, that page's figures are for households, so if I added my wife's retirement accounts, plus all our taxable and I-bonds and so forth, we'd be even higher. That just blows my mind. I don't feel like a "1%-er" at all given that we haven't reached FI yet. I don't know why, but I always just assumed the top 1% would be FI, but looking at the data in more detail, it's clear that it's more dependent on spending and total balance than percentile at any given age. The top 1% at 60 might be FI, but it's unlikely at 30, which makes sense. In other words, the message is the same whether one is 99th percentile or 50th, you're not rich by FI standards until you plug away and hit your personal number.
This fact and thread has been a humble reminder for me as well.

I'm in 98th percentile for my age and VERY regularly have the thought - "Am I doing enough? Am I good enough?"

This thread has helped to calm a bit of thought process, realizing that while I should in no way coast...it also doesn't make sense to kill yourself to get into the 99th percentile.
atdharris
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Re: Share your net worth progression

Post by atdharris »

I'm in the 99th percentile at my age apparently. I suppose I am not doing badly.
notPatience
Posts: 199
Joined: Mon Mar 24, 2008 2:46 pm

Re: Share your net worth progression

Post by notPatience »

Dakotah wrote: Sat Jun 05, 2021 9:54 am
Dakotah wrote: Sun Aug 30, 2020 12:17 pm I feel compelled to share...partially because my path is so unusual...and partially to hold myself accountable for the next few years.

2000: -$12,000 ("dropped" out of college and joined the military with car debt and student loans. Income ~$13k + benefits)
2001: -$10,000 (nibbling away at debts...and had my first "investing" experience with First Command, which bilked me for 50% of my first years' deposits. This bad experience really is what drove me to start learning about investing and personal finance)
2003: +$2000 (paid off car/loans prior to being stationed overseas. Truly living hand-to-mouth on $20k income + benefits)
2004: +$18,000 (Income ~$25k...First began investing in TSP and Roth IRA w/Vanguard)
2006: +$60,000 (Income ~$30k...received a nice re-enlistment bonus while transferring into an in-demand field. Also got married)
2009: +$90,000 (Income ~$40k. I was in Iraq during the bulk of the market meltdown...which made "staying the course" much easier)
2012: +$150,000 (income ~$50k + benefits. Continuing to max 2x Roth IRA + some TSP contributions)
2015: +$250,000 ($53k income. Income potential has plateau'd for my military career. Begin devoting more efforts to preparing more for my post-military career)
Jan 2020: +$425,000 ($355k income. I retire from the military right at 20 years. My VA disability claim goes very favorably. Wife's VA disability is upgraded due to emerging issues tied to burn-pit exposure. I am incredibly fortunate to receive job offer from a household-name tech company. Almost simultaneously, spouse completes Bachelors degree and receives a full-time offer.)
Aug 2020: +$621,000 (Sticking to the plan established in January...both jobs remaining stable thus far. Saving over 40% of our income. Goal is to "retire" in approximately 10 years with a $2.5m-$3m networth + military benefits)
June 2021: +$935,000 (Hoping to reach the 2-comma club by the end of the year)
Inspiring.
Hawkintexas
Posts: 10
Joined: Mon Jan 07, 2019 3:06 pm

Re: Share your net worth progression

Post by Hawkintexas »

I suppose I will join this humble brag as well, because like most on here, I do not discuss specifics of personal finances with friends/family. All data is from my Mint account, which I feel is fairly accurate.

Age / Date / Net Worth
27 / 06/2013 / -108k
28 / 06/2014 / 21k
29 / 06/2015 / 110k
30 / 06/2016 / 195k
31 / 06/2017 / 238k
32 / 06/2018 / 297k
33 / 06/2019 / 331k
34 / 06/2020 / 547k
35 / 06/2021 / 1,264k

This final number does not include home equity, medical practice equity, surgical center equity, or 529s for my kids. Overall, I feel the trajectory pretty clearly illustrates my pathway through medical residency, fellowship, and the first few years in a surgical subspecialty. I have a wonderful spouse who has worked hard and has the same “live below your means” philosophy that I have. I know there are plenty who are 10 years younger than me living in Silicon Valley with the same net worth that I have, but I have enjoyed the journey and am very fulfilled with my profession. I am deeply appreciative of this forum and the White Coat Investor. While I do not follow all of the Boglehead tenants (I have around 35% of my net worth in individual stocks), I sleep soundly at night with the plan I have in place. Thanks to all.
l1am
Posts: 438
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Re: Share your net worth progression

Post by l1am »

rage_phish wrote: Thu Jun 24, 2021 9:34 am Our net worth 6 months ago was $780k
I remember proudly telling my wife that there was a very good chance we would pass $1 million by the time we turned 40

Due to an inheritance we are now at $1.5. And as dumb as this sounds (and as happy as I am) it took away the feeling of accomplishment
I'm debating just donating any inheritance I receive, if any. Or just set it aside in it's own account for future donation.

Everything I have is self-made, I feel like inheritance would poison that feeling as you mention.
Strifey
Posts: 112
Joined: Thu Apr 01, 2021 4:15 pm

Re: Share your net worth progression

Post by Strifey »

I've been keeping a spreadsheet of all of my accounts (401K, Roth IRA, taxable, HYSA, HSA, I-Bonds) since I started investing from age 21-35. I just update it once a year and don't get too detailed tracking individual trades, but it's been nice seeing my portfolio grow over the years and what compounding interest can do. So far 2021 has been shaping up as a really good year as well as I'm currently at $889K.

Early on I was just throwing money in random mutual funds with high ERs and didn't have a good strategy, but I've really clamped down the past year and transitioned almost everything to a 3 fund portfolio; this website and reddit personal finance have been a huge help. I've roughly calculated that I've lost out on $50K-$80K in earnings by not having a better strategy earlier (high ERs, mutual funds with allocation to bonds in my 20s, funds that underperformed something like VTI, etc.), but I'm thankful that I'm still in in a good spot and have many years left for compound interest to continue to grow. Also I put too much in a taxable early on instead of maxing out my 401K first.. learned a lot of lessons the past 10 years.

Image
Last edited by Strifey on Thu Aug 19, 2021 2:50 pm, edited 1 time in total.
stoptothink
Posts: 15368
Joined: Fri Dec 31, 2010 8:53 am

Re: Share your net worth progression

Post by stoptothink »

l1am wrote: Sat Jun 26, 2021 12:38 am
rage_phish wrote: Thu Jun 24, 2021 9:34 am Our net worth 6 months ago was $780k
I remember proudly telling my wife that there was a very good chance we would pass $1 million by the time we turned 40

Due to an inheritance we are now at $1.5. And as dumb as this sounds (and as happy as I am) it took away the feeling of accomplishment
I'm debating just donating any inheritance I receive, if any. Or just set it aside in it's own account for future donation.

Everything I have is self-made, I feel like inheritance would poison that feeling as you mention.
As someone who hasn't received a penny of help since he left home at 16, married to someone in the same situation, who have helped both sides of parents financially countless times and will be almost totally financially supporting in-laws soon with no chance of any inheritance...you can donate it to me. It felt great hitting 2-commas in our mid-late 30's knowing we didn't get any handouts along the way, but I don't think receiving one now would change how I feel about our accomplishments.
macheta
Posts: 278
Joined: Fri Nov 28, 2014 11:06 pm

Re: Share your net worth progression

Post by macheta »

1) got lucky after high school and landed a job with matching 401k.
2) contributed to the 7% match, and invested them in various mutual funds. This happened for the next fifteen years
3) purchased my first home in 2008 and still live there. I paid it off last year.
4) about ten years ago, I started making a lot of money and contributed it all to my retirement plans.
5) married my wife I've known for seven years with the same long term goals
6) about ten years ago I started following the Bogle movement.
rage_phish
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Re: Share your net worth progression

Post by rage_phish »

l1am wrote: Sat Jun 26, 2021 12:38 am
rage_phish wrote: Thu Jun 24, 2021 9:34 am Our net worth 6 months ago was $780k
I remember proudly telling my wife that there was a very good chance we would pass $1 million by the time we turned 40

Due to an inheritance we are now at $1.5. And as dumb as this sounds (and as happy as I am) it took away the feeling of accomplishment
I'm debating just donating any inheritance I receive, if any. Or just set it aside in it's own account for future donation.

Everything I have is self-made, I feel like inheritance would poison that feeling as you mention.


I’d rather have the money than not.
rage_phish
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Re: Share your net worth progression

Post by rage_phish »

I really dislike the self made concept. Everyone has Bering degrees of help, privilege, luck, advantages, etc
l1am
Posts: 438
Joined: Wed Mar 02, 2016 1:27 pm

Re: Share your net worth progression

Post by l1am »

rage_phish wrote: Sat Jun 26, 2021 9:11 am I really dislike the self made concept. Everyone has Bering degrees of help, privilege, luck, advantages, etc
Getting opportunities is still different from just getting the money wired to you. Although I generally agree with your point.

Fulfillment is proportional to the work and struggle in attaining the goal.

If your goal was to eventually win a 100m race, just removing the other runners is akin to inheritance.
csmath
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Re: Share your net worth progression

Post by csmath »

l1am wrote: Sat Jun 26, 2021 9:36 am
rage_phish wrote: Sat Jun 26, 2021 9:11 am I really dislike the self made concept. Everyone has Bering degrees of help, privilege, luck, advantages, etc
Getting opportunities is still different from just getting the money wired to you. Although I generally agree with your point.

Fulfillment is proportional to the work and struggle in attaining the goal.

If your goal was to eventually win a 100m race, just removing the other runners is akin to inheritance.
I don't want to derail the thread but have to point out that while inheritance may impact feelings about a personal goal you may have, it may also greatly improve the outcome of your family experience and kids (if you have any) future. Less work and more time with kids may be an example. Personally, I'd take the inheritance in a heartbeat, swallow my own personal ambitions, and plan on how to best allocate the funds for a secure future for my family first. In the end it may end up getting donated anyway.
l1am
Posts: 438
Joined: Wed Mar 02, 2016 1:27 pm

Re: Share your net worth progression

Post by l1am »

csmath wrote: Sat Jun 26, 2021 10:35 am I don't want to derail the thread but have to point out that while inheritance may impact feelings about a personal goal you may have, it may also greatly improve the outcome of your family experience and kids (if you have any) future. Less work and more time with kids may be an example. Personally, I'd take the inheritance in a heartbeat, swallow my own personal ambitions, and plan on how to best allocate the funds for a secure future for my family first. In the end it may end up getting donated anyway.
That is a fair point re: kids. I mostly want to acknowledge that inheritance isn't necessarily positive for one's overall fulfillment, and also if anyone is posting here about NW progression, it's important to specify it.
rage_phish
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Re: Share your net worth progression

Post by rage_phish »

No way we would have said no thank you to the money. It allowed us to move our kids to a far better school district

However, it required my wife having to lose her mother when my wife was in college.

So while it gave us a tremendous leg up financially, it also has impacted our family in extremely negative ways (as many inheritance situations do)
utkfan
Posts: 1
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Re: Share your net worth progression

Post by utkfan »

first time to post on Bogleheads. Very mediocre performance compared with some fellow members in this forum.

Current age 47, net worth including 401K, IRA, investment and home equity. excluding 529 plan and unvested stocks

2001: 0 and started working (late starter in savings)
2010: 250K
2015: 750K
2020: 1300K
2021 YTD: 2000K

investment in Vanguard index mutual funds ONLY.
User avatar
calqueuelater
Posts: 33
Joined: Fri Feb 03, 2012 9:58 pm

Re: Share your net worth progression

Post by calqueuelater »

I started working full time at the age of 19, back in 1983. It took me 30 years to hit $1M ( :shock: ) From there, things changed fairly quickly:

2013 - $1.042M
2014 - $1.308M
2015 - $1.512M
2016 - $1.818M
2017 - $2.262M
2018 - $2.344M
2019 - $2.901M
2020 - $3.500M
Today - $4.000M

The first million truly is the hardest.
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Cranberry44
Posts: 395
Joined: Sun May 17, 2020 1:46 pm

Re: Share your net worth progression

Post by Cranberry44 »

May '20 -- $73k
Jun '20 -- $75k
Jul '20 -- $77k
Aug '20 -- $93k
Sep '20 -- $97k
Oct '20 -- $103k
Nov '20 -- $108k
Dec '20 -- $122k

Jan '21 -- $135k
Feb '21 -- $149k
Mar '21 -- $148k
Apr '21 -- $159k
May '21 -- $173k
Jun '21 -- $177k
bmelikia
Posts: 842
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Re: Share your net worth progression

Post by bmelikia »

calqueuelater wrote: Wed Jun 30, 2021 11:05 am I started working full time at the age of 19, back in 1983. It took me 30 years to hit $1M ( :shock: ) From there, things changed fairly quickly:

2013 - $1.042M
2014 - $1.308M
2015 - $1.512M
2016 - $1.818M
2017 - $2.262M
2018 - $2.344M
2019 - $2.901M
2020 - $3.500M
Today - $4.000M

The first million truly is the hardest.
A few quick questions:

1) What was your income like (approximately) during 2013 through today?

2) What were your annual savings/investments like from 2013 through today?

I only ask because I am inspired by your progress
"I would rather die with money, than live without it...." - Bogleheads member Ron | | A time to EVALUATE your jitters https://www.bogleheads.org/forum/viewtopic.php?p=1139732#p1139732
bmelikia
Posts: 842
Joined: Mon Jun 15, 2009 9:23 pm

Re: Share your net worth progression

Post by bmelikia »

December 2018: 470,584.00
December 2019: 612,150.00
December 2020: 701,480.00
Today: 814,933.00
"I would rather die with money, than live without it...." - Bogleheads member Ron | | A time to EVALUATE your jitters https://www.bogleheads.org/forum/viewtopic.php?p=1139732#p1139732
susan123
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Joined: Wed Apr 21, 2021 10:53 am

Re: Share your net worth progression

Post by susan123 »

Mid-late 40s. Female, married with 2 kids.

End of year NW:
2010: 1.0
2013: 1.5
2016: 2.0
2019: 3.4
2020: 4.3
Now, 6/30/2021 exactly half point of 2021: 4.93

To bail from my job or not to bail, that's the question. :confused
bmelikia
Posts: 842
Joined: Mon Jun 15, 2009 9:23 pm

Re: Share your net worth progression

Post by bmelikia »

susan123 wrote: Wed Jun 30, 2021 1:42 pm Mid-late 40s. Female, married with 2 kids.

End of year NW:
2010: 1.0
2013: 1.5
2016: 2.0
2019: 3.4
2020: 4.3
Now, 6/30/2021 exactly half point of 2021: 4.93

To bail from my job or not to bail, that's the question. :confused
1) What was your household income like (approximately) during 2010 through today?

2) What were your annual savings/investments like from 2010 through today?
"I would rather die with money, than live without it...." - Bogleheads member Ron | | A time to EVALUATE your jitters https://www.bogleheads.org/forum/viewtopic.php?p=1139732#p1139732
bmelikia
Posts: 842
Joined: Mon Jun 15, 2009 9:23 pm

Re: Share your net worth progression

Post by bmelikia »

susan123 wrote: Wed Jun 30, 2021 1:42 pm Mid-late 40s. Female, married with 2 kids.

End of year NW:
2010: 1.0
2013: 1.5
2016: 2.0
2019: 3.4
2020: 4.3
Now, 6/30/2021 exactly half point of 2021: 4.93

To bail from my job or not to bail, that's the question. :confused
1) What was your household income like (approximately) during 2010 through today?

2) What were your annual contributions to savings/investments from 2010 through today?
"I would rather die with money, than live without it...." - Bogleheads member Ron | | A time to EVALUATE your jitters https://www.bogleheads.org/forum/viewtopic.php?p=1139732#p1139732
Fat Tails
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Location: New Mexico

Re: Share your net worth progression

Post by Fat Tails »

jimmmy wrote: Thu Jun 24, 2021 1:16 pm
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.
More details. Net Worth | Gross Earned Income | Total Spend

Age 22 12/17/2010: $7k | $31k | ?
Age 23 12/17/2011: $17k | $34k | ?
Age 24 12/31/2012: $40k | $44k | ?
Age 25 12/31/2013: $39k | $14k | $20k
Age 26 12/31/2014: $52k | $47k | $24k
Age 27 12/31/2015: $51k | $29k | $24k
Age 28 12/31/2016: $40k | $0k | $12k
Age 29 12/31/2017: $48k | $14k | $21k
Age 30 12/31/2018: $62k | $42k | $16k
Age 31 12/31/2019: $105k | $51k | $18k
Age 32 12/31/2020: $165k | $57k | $16k
Congrats! Note that your net worth is now increasing annually more that your annual income. That is a great milestone as well.
:beer
“Doing well with money has little to do with how smart you are and a lot to do with how you behave.” - Morgan Housel
monodactyl
Posts: 35
Joined: Fri Dec 11, 2020 11:10 am

Re: Share your net worth progression

Post by monodactyl »

“You might ask: How does David Koch happen to have the wealth to be so generous? Well, let me tell you a story. It all started when I was a little boy. One day, my father gave me an apple. I soon sold it for five dollars and bought two apples and sold them for ten. Then I bought four apples and sold them for twenty. Well, this went on day after day, week after week, month after month, year after year, until my father died and left me three hundred million dollars!” - David Koch
carminered2019
Posts: 1939
Joined: Fri Jun 21, 2019 7:06 pm

Re: Share your net worth progression

Post by carminered2019 »

1980-$0, Refugee with just a shirt on my back in this great country.
2019- age 50, NW=7.7M
2020, age 51, NW=8.5M
2021, age 52, NW=9.1M(4.1M in real estate, 5M in the market)
Wannaretireearly
Posts: 4881
Joined: Wed Mar 31, 2010 4:39 pm

Re: Share your net worth progression

Post by Wannaretireearly »

carminered2019 wrote: Thu Jul 01, 2021 12:28 am 1980-$0, Refugee with just a shirt on my back in this great country.
2019- age 50, NW=7.7M
2020, age 51, NW=8.5M
2021, age 52, NW=9.1M(4.1M in real estate, 5M in the market)
Amazing! Congrats.
It feels surreal to add it up, but with home value (just paid off) we're probably around $4.5M. Roughly $2.7M in the markets, not incl 529's. It's getting harder to stay motivated at work, as I'm sure others here are experiencing too. This forum is the best motivator. I have to keep my head down and plow thru the next 5 years.
“At some point you are trading time you will never get back for money you will never spend.“ | “How do you want to spend the best remaining year of your life?“
carminered2019
Posts: 1939
Joined: Fri Jun 21, 2019 7:06 pm

Re: Share your net worth progression

Post by carminered2019 »

Wannaretireearly wrote: Thu Jul 01, 2021 12:49 am
carminered2019 wrote: Thu Jul 01, 2021 12:28 am 1980-$0, Refugee with just a shirt on my back in this great country.
2019- age 50, NW=7.7M
2020, age 51, NW=8.5M
2021, age 52, NW=9.1M(4.1M in real estate, 5M in the market)
Amazing! Congrats.
It feels surreal to add it up, but with home value (just paid off) we're probably around $4.5M. Roughly $2.7M in the markets, not incl 529's. It's getting harder to stay motivated at work, as I'm sure others here are experiencing too. This forum is the best motivator. I have to keep my head down and plow thru the next 5 years.
Congrats, got to feel GREAT not to have a mortgage anymore !!!
Wannaretireearly
Posts: 4881
Joined: Wed Mar 31, 2010 4:39 pm

Re: Share your net worth progression

Post by Wannaretireearly »

carminered2019 wrote: Thu Jul 01, 2021 1:06 am
Wannaretireearly wrote: Thu Jul 01, 2021 12:49 am
carminered2019 wrote: Thu Jul 01, 2021 12:28 am 1980-$0, Refugee with just a shirt on my back in this great country.
2019- age 50, NW=7.7M
2020, age 51, NW=8.5M
2021, age 52, NW=9.1M(4.1M in real estate, 5M in the market)
Amazing! Congrats.
It feels surreal to add it up, but with home value (just paid off) we're probably around $4.5M. Roughly $2.7M in the markets, not incl 529's. It's getting harder to stay motivated at work, as I'm sure others here are experiencing too. This forum is the best motivator. I have to keep my head down and plow thru the next 5 years.
Congrats, got to feel GREAT not to have a mortgage anymore !!!
Thanks, It really does. This past year has felt good once the mortgage balance dropped under $100K. Paying it off was the icing on the cake! One kid also transitioning to public school this summer will mean roughly $6K *less* I need for cash flow, each month. If one of us lost our job it shouldn't matter much now. That's a huge relief for me.

Just started reading die with zero, based on recommendations here. Great so far....
“At some point you are trading time you will never get back for money you will never spend.“ | “How do you want to spend the best remaining year of your life?“
stoptothink
Posts: 15368
Joined: Fri Dec 31, 2010 8:53 am

Re: Share your net worth progression

Post by stoptothink »

carminered2019 wrote: Thu Jul 01, 2021 12:28 am 1980-$0, Refugee with just a shirt on my back in this great country.
2019- age 50, NW=7.7M
2020, age 51, NW=8.5M
2021, age 52, NW=9.1M(4.1M in real estate, 5M in the market)
The "American Dream" is alive and well, I see it everywhere in 1st generation immigrants (including my own family). Congrats on your success.
User avatar
luminous
Posts: 532
Joined: Sat Dec 30, 2017 9:28 pm

Re: Share your net worth progression

Post by luminous »

carminered2019 wrote: Thu Jul 01, 2021 12:28 am 1980-$0, Refugee with just a shirt on my back in this great country.
2019- age 50, NW=7.7M
2020, age 51, NW=8.5M
2021, age 52, NW=9.1M(4.1M in real estate, 5M in the market)
What an accomplishment. Congratulations!
67/12/21 US stock/international stock/bonds. Bonds capped at 10x annual spending. Semi-retired as of 2022.
User avatar
marti038
Posts: 412
Joined: Tue Mar 21, 2017 3:45 pm
Location: Birmingham, AL
Contact:

Re: Share your net worth progression

Post by marti038 »

carminered2019 wrote: Thu Jul 01, 2021 12:28 am 1980-$0, Refugee with just a shirt on my back in this great country.
2019- age 50, NW=7.7M
2020, age 51, NW=8.5M
2021, age 52, NW=9.1M(4.1M in real estate, 5M in the market)
Congratulations. Thank you for the timely reminder of just how priceless liberty is.
“Having, first, gained all you can, and, secondly saved all you can, then give all you can.” - John Wesley
Jgrace
Posts: 8
Joined: Wed Jan 22, 2020 10:42 pm

Re: Share your net worth progression

Post by Jgrace »

Our (39m, 39w, 2 kids) July balance sheet shows that we have now reached the two comma club for the first time, with ~$700k in investments. It is truly just a number, but one worth acknowledging.

I always had this vague goal since I was young of being a millionaire by age 40, with no real plan of how to get there besides living below my means and opening a Vanguard account - a "pre-Boglehead" so to speak. By age 30 that goal seemed unreachable. Around age 35 my knowledge of personal finance started increasing exponentially, and shortly after that I found this site. I am amazed at how simple it all seems now, and also amazed at how many of my thoughts now drift away from the numbers and more towards more existential questions about how I want to live my life.

I can't thank everyone on this site enough. You have helped me so much.
bluebolt
Posts: 2137
Joined: Sat Jan 14, 2017 8:01 am

Re: Share your net worth progression

Post by bluebolt »

Jgrace wrote: Thu Jul 01, 2021 8:18 pm I am amazed at how simple it all seems now, and also amazed at how many of my thoughts now drift away from the numbers and more towards more existential questions about how I want to live my life.
In hindsight, it seems simple because you did so many of the right things sustained over many years. That's the hard part for most people.
User avatar
jimmmy
Posts: 23
Joined: Sat Dec 29, 2018 11:53 am

Re: Share your net worth progression

Post by jimmmy »

Fat Tails wrote: Wed Jun 30, 2021 11:55 pm Congrats! Note that your net worth is now increasing annually more that your annual income. That is a great milestone as well.
:beer
Thanks! Great point, I hadn't thought about that milestone. It's pretty amazing.
PurpleRain
Posts: 1
Joined: Fri Jul 02, 2021 10:58 am

Re: Share your net worth progression

Post by PurpleRain »

Okay, single parent from the midwest will bite. I post my spotty, messy journey so that non-millionaires will understand that it is never, never ever too late to grow your wealth.

1990-92: $0 young, divorced single parent. Started saving 5% of income in retirement fund at age 27. Start grad school.
1996: Net worth about -$15,000; Finished grad school; $10K in student debt; estimated $5,000 in consumer debt.
1996-2004: Not tracking net worth; bought a house; still saving 5% for retirement; finally getting promotions.

2005: estimate NW at $50,000. Relocated from city of 125,000 to metro area of 1.1M for career advancement. Earning $50,000. Sell house; used part of proceeds to pay down debt; buy a modest house for $135,000 with $3,000 down. Observe there's about $40,000 in retirement accounts. Turn 40.

2010: NW at $100,000; recession ripples into job field. Lose $59,000 a year job. Child finishes high school.
2011: NW still around $100,000: Now earning $47,000. Upside down in house. Lose house and move into apartment. Times are hard. Work a few consulting gigs on the side to earn extra money. Retirement account balance is about $80,000.
2013: NW still $100,000: New job earning $65,000. Child joins military. Restart retirement savings; work to repair bad credit.
2016: Net worth $100,000: Embark on aggressive plan to pay off credit cards, student loan, parent plus loan.
2017: Net worth $150,000; debt free. Now aged 52 and worried about retirement. Credit improves.
2018: Net worth $185,000; debt free. $75,000 in windfalls through legal settlement and gift from parents. Child deploys to Iraq.
2019: Net worth $300,000; Credit score is 750. bought a house putting 20% down; debt free except for mortgage. Set aside some money for six month emergency fund. Child returns from Iraq. Take child on vacation to Florida.

2020: Net worth $350,000; locked down b/c of pandemic; saving more aggressively for retirement. Child almost finished with college; courtesy of military.
2021: Net worth $480,000; still debt free except for mortgage; including $340,000 in investments and $100,000 in equity from house. Child slated to graduate from college in December. Maxing retirement savings. Plan to retire in 10-12 years.
RoadagentMN
Posts: 158
Joined: Tue Jun 08, 2021 11:09 am

Re: Share your net worth progression

Post by RoadagentMN »

PurpleRain wrote: Fri Jul 02, 2021 12:17 pm Okay, single parent from the midwest will bite. I post my spotty, messy journey so that non-millionaires will understand that it is never, never ever too late to grow your wealth.

1990-92: $0 young, divorced single parent. Started saving 5% of income in retirement fund at age 27. Start grad school.
1996: Net worth about -$15,000; Finished grad school; $10K in student debt; estimated $5,000 in consumer debt.
1996-2004: Not tracking net worth; bought a house; still saving 5% for retirement; finally getting promotions.

2005: estimate NW at $50,000. Relocated from city of 125,000 to metro area of 1.1M for career advancement. Earning $50,000. Sell house; used part of proceeds to pay down debt; buy a modest house for $135,000 with $3,000 down. Observe there's about $40,000 in retirement accounts. Turn 40.

2010: NW at $100,000; recession ripples into job field. Lose $59,000 a year job. Child finishes high school.
2011: NW still around $100,000: Now earning $47,000. Upside down in house. Lose house and move into apartment. Times are hard. Work a few consulting gigs on the side to earn extra money. Retirement account balance is about $80,000.
2013: NW still $100,000: New job earning $65,000. Child joins military. Restart retirement savings; work to repair bad credit.
2016: Net worth $100,000: Embark on aggressive plan to pay off credit cards, student loan, parent plus loan.
2017: Net worth $150,000; debt free. Now aged 52 and worried about retirement. Credit improves.
2018: Net worth $185,000; debt free. $75,000 in windfalls through legal settlement and gift from parents. Child deploys to Iraq.
2019: Net worth $300,000; Credit score is 750. bought a house putting 20% down; debt free except for mortgage. Set aside some money for six month emergency fund. Child returns from Iraq. Take child on vacation to Florida.

2020: Net worth $350,000; locked down b/c of pandemic; saving more aggressively for retirement. Child almost finished with college; courtesy of military.
2021: Net worth $480,000; still debt free except for mortgage; including $340,000 in investments and $100,000 in equity from house. Child slated to graduate from college in December. Maxing retirement savings. Plan to retire in 10-12 years.
Your rocking it - thanks for the inspiration !
Independent George
Posts: 1593
Joined: Wed Feb 17, 2016 11:13 am
Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

PurpleRain wrote: Fri Jul 02, 2021 12:17 pm Okay, single parent from the midwest will bite. I post my spotty, messy journey so that non-millionaires will understand that it is never, never ever too late to grow your wealth.

1990-92: $0 young, divorced single parent. Started saving 5% of income in retirement fund at age 27. Start grad school.
1996: Net worth about -$15,000; Finished grad school; $10K in student debt; estimated $5,000 in consumer debt.
1996-2004: Not tracking net worth; bought a house; still saving 5% for retirement; finally getting promotions.

2005: estimate NW at $50,000. Relocated from city of 125,000 to metro area of 1.1M for career advancement. Earning $50,000. Sell house; used part of proceeds to pay down debt; buy a modest house for $135,000 with $3,000 down. Observe there's about $40,000 in retirement accounts. Turn 40.

2010: NW at $100,000; recession ripples into job field. Lose $59,000 a year job. Child finishes high school.
2011: NW still around $100,000: Now earning $47,000. Upside down in house. Lose house and move into apartment. Times are hard. Work a few consulting gigs on the side to earn extra money. Retirement account balance is about $80,000.
2013: NW still $100,000: New job earning $65,000. Child joins military. Restart retirement savings; work to repair bad credit.
2016: Net worth $100,000: Embark on aggressive plan to pay off credit cards, student loan, parent plus loan.
2017: Net worth $150,000; debt free. Now aged 52 and worried about retirement. Credit improves.
2018: Net worth $185,000; debt free. $75,000 in windfalls through legal settlement and gift from parents. Child deploys to Iraq.
2019: Net worth $300,000; Credit score is 750. bought a house putting 20% down; debt free except for mortgage. Set aside some money for six month emergency fund. Child returns from Iraq. Take child on vacation to Florida.

2020: Net worth $350,000; locked down b/c of pandemic; saving more aggressively for retirement. Child almost finished with college; courtesy of military.
2021: Net worth $480,000; still debt free except for mortgage; including $340,000 in investments and $100,000 in equity from house. Child slated to graduate from college in December. Maxing retirement savings. Plan to retire in 10-12 years.
That is an amazing job. Well done!
Independent George
Posts: 1593
Joined: Wed Feb 17, 2016 11:13 am
Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

jimmmy wrote: Thu Jun 24, 2021 1:16 pm More details. Net Worth | Gross Earned Income | Total Spend

Age 22 12/17/2010: $7k | $31k | ?
Age 23 12/17/2011: $17k | $34k | ?
Age 24 12/31/2012: $40k | $44k | ?
Age 25 12/31/2013: $39k | $14k | $20k
Age 26 12/31/2014: $52k | $47k | $24k
Age 27 12/31/2015: $51k | $29k | $24k
Age 28 12/31/2016: $40k | $0k | $12k
Age 29 12/31/2017: $48k | $14k | $21k
Age 30 12/31/2018: $62k | $42k | $16k
Age 31 12/31/2019: $105k | $51k | $18k
Age 32 12/31/2020: $165k | $57k | $16k
Well done! You've done a great job so far, and should be seeing the effects of compounding right about now. You're going to be amazed at how fast it grows going forward.
avginvestor
Posts: 96
Joined: Thu Oct 01, 2020 2:57 pm

Re: Share your net worth progression

Post by avginvestor »

PurpleRain wrote: Fri Jul 02, 2021 12:17 pm Okay, single parent from the midwest will bite. I post my spotty, messy journey so that non-millionaires will understand that it is never, never ever too late to grow your wealth.

1990-92: $0 young, divorced single parent. Started saving 5% of income in retirement fund at age 27. Start grad school.
1996: Net worth about -$15,000; Finished grad school; $10K in student debt; estimated $5,000 in consumer debt.
1996-2004: Not tracking net worth; bought a house; still saving 5% for retirement; finally getting promotions.

2005: estimate NW at $50,000. Relocated from city of 125,000 to metro area of 1.1M for career advancement. Earning $50,000. Sell house; used part of proceeds to pay down debt; buy a modest house for $135,000 with $3,000 down. Observe there's about $40,000 in retirement accounts. Turn 40.

2010: NW at $100,000; recession ripples into job field. Lose $59,000 a year job. Child finishes high school.
2011: NW still around $100,000: Now earning $47,000. Upside down in house. Lose house and move into apartment. Times are hard. Work a few consulting gigs on the side to earn extra money. Retirement account balance is about $80,000.
2013: NW still $100,000: New job earning $65,000. Child joins military. Restart retirement savings; work to repair bad credit.
2016: Net worth $100,000: Embark on aggressive plan to pay off credit cards, student loan, parent plus loan.
2017: Net worth $150,000; debt free. Now aged 52 and worried about retirement. Credit improves.
2018: Net worth $185,000; debt free. $75,000 in windfalls through legal settlement and gift from parents. Child deploys to Iraq.
2019: Net worth $300,000; Credit score is 750. bought a house putting 20% down; debt free except for mortgage. Set aside some money for six month emergency fund. Child returns from Iraq. Take child on vacation to Florida.

2020: Net worth $350,000; locked down b/c of pandemic; saving more aggressively for retirement. Child almost finished with college; courtesy of military.
2021: Net worth $480,000; still debt free except for mortgage; including $340,000 in investments and $100,000 in equity from house. Child slated to graduate from college in December. Maxing retirement savings. Plan to retire in 10-12 years.
Wow.. great job! Amazing that you did this all by yourself all these years too!
investingdad
Posts: 2140
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your net worth progression

Post by investingdad »

I’ve replied to this thread a few times over the years.

Today we hit a major milestone.

Age 47 (for a few more weeks anyway), $4.25 million but of that, the actual cash plus portfolio = $4 million. Finally crossed that threshold without the home equity included.

This is 29.5x times current expenses.

For reference, at age 39 our total had just hit $1 million.
Andysgr
Posts: 12
Joined: Sun Jan 28, 2018 5:40 pm

Re: Share your net worth progression

Post by Andysgr »

2008 328k
2009 349k (+6%)
2010 503k (+44%)
2011 630k (+25%)
2012 742k (+18%)
2013 901k (+21%)
2014 1.073M (+19%)
2015 1.2M (+12%)
2016 2.568M (1.2M Inheritance)
2017 2.92M (+14%)
2018 3.29M (+13%)
2019 3.896M (+18%)
2020 4.337M (+11%)
2021 (halfway) 5.017
mikejuss
Posts: 2833
Joined: Tue Jun 23, 2020 1:36 pm

Re: Share your net worth progression

Post by mikejuss »

investingdad wrote: Sat Jul 03, 2021 7:27 am I’ve replied to this thread a few times over the years.

Today we hit a major milestone.

Age 47 (for a few more weeks anyway), $4.25 million but of that, the actual cash plus portfolio = $4 million. Finally crossed that threshold without the home equity included.

This is 29.5x times current expenses.

For reference, at age 39 our total had just hit $1 million.
A $3-million increase in 8 years? Well done. What did your contributions (or any windfalls) look like?
50% VTSAX | 25% VTIAX | 25% VBTLX (retirement), 25% VTEAX (taxable)
investingdad
Posts: 2140
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your net worth progression

Post by investingdad »

mikejuss wrote: Sat Jul 03, 2021 9:32 am
investingdad wrote: Sat Jul 03, 2021 7:27 am I’ve replied to this thread a few times over the years.

Today we hit a major milestone.

Age 47 (for a few more weeks anyway), $4.25 million but of that, the actual cash plus portfolio = $4 million. Finally crossed that threshold without the home equity included.

This is 29.5x times current expenses.

For reference, at age 39 our total had just hit $1 million.
A $3-million increase in 8 years? Well done. What did your contributions (or any windfalls) look like?
No windfalls or inheritance of any kind.

We added perhaps a 100k or so per year in new money…401k, company match, after tax savings, company stock awards, etc. Some years it was probably a bit more.

We have good income, base pay has been at least 200k for the duration, climbing more in recent years.

The company stock has appreciated more than the S&P, but not Tesla style by any means.
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