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.
JS-Elcano
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Re: Share your net worth progression

Post by JS-Elcano »

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?
The Top1 Percent: What jobs do they have?
https://archive.nytimes.com/www.nytimes ... f=business
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LadyGeek
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Re: Share your net worth progression

Post by LadyGeek »

The discussion is getting derailed. Please stay on-topic, which is your personal net worth.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
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Hawaiishrimp
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Re: Share your net worth progression

Post by Hawaiishrimp »

Update: As of Feb 1, 2021

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

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

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

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

God bless you all and what a great community here. Stay healthy and wealthy.
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
TooManyMonitors
Posts: 4
Joined: Wed Feb 03, 2021 10:44 am

Re: Share your net worth progression

Post by TooManyMonitors »

Age 29, Single

Year: NW -- Gross Income
2017: $5,000 -- $15,000 (started work at end of year)
2018: $22,984 -- $60,000
2019: $50,407 -- $70,000
2020: $86,907 -- $81,000
2021: $96,328 -- $100,000 (new job)

I'm hoping to hit 130k by the end of 2021. This will be my first year maxing 401k and Roth IRA.

I got a later career start due to a few years of volunteering and additional humanities studies after college. I know I’m doing better than many, but looking at some of these reports make me feel very behind the curve. Especially for missing out on the stock run up of the past 10 years.

Here’s hoping (and planning) for continued savings and growth.
Atilla
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Re: Share your net worth progression

Post by Atilla »

Married in 2005 at 38 years old - that's when my current life started. :happy

All numbers are at end of year. Slow and steady...
2006: $314,000
2007: $410,000
2008: $347,000 (Great Recession, wife unemployed for 6 months)
2009: $430,000 (Nice rebound - stayed the course and didn't panic sell)
2010: $518,000
2011: $553,000
2012: $671,000
2013: $817,000
2014: $916,000 (Paid off the house, now 100% debt free)
2015: $1,000,000
2016: $1,127,000
2017: $1,306,000
2018: $1,405,000
2019: $1,689,000 (Best yearly increase ever dollar-wise)
2020: $1,966,000 (Reaction to covid eliminated my lifelong industry on 3/13/2020, income drops 90%. Wife was paid 1/2 time for several weeks but still our second-best yearly increase dollar-wise. Stayed the course and didn't panic sell.
Startingover2019
Posts: 64
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Re: Share your net worth progression

Post by Startingover2019 »

January 2018 - Age 39 = +400K - started my divorce
February 2019- Age 40 = -200K - divorced and taken to cleaners by parasitic ex husband
January 2020- Age 41 = +(50-75K) paid off debt and climbing back up.
January 2021 -Age 42 = +500k - Good paying job, no leech to suck me dry, no children; paid off two small houses; invested, continued to be cheap.
January 2022- Hopefully will hit 900K

Above numbers from 2018-2019 are approximates as I didn't write numbers down. Didn't help that my ex had access to all accounts and refused to get on a budget. I just know that I ended up in the hole two years ago as my ex gleefully signed the papers.
mnsportsgeek
Posts: 555
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Re: Share your net worth progression

Post by mnsportsgeek »

mnsportsgeek wrote: Wed Jun 10, 2020 7:22 am
mnsportsgeek wrote: Sat Oct 26, 2019 1:44 pm Jan 2014 - $0
Jan 2015 - Unknown
Jan 2016 - Unknown
Jan 2017 - $150k
Jan 2018 - $178k
Jan 2019 - $341k
Jan 2020 - $467k
June 2020 - $495k
Jan 2021 - $525k (Put $85k down on a house recently)
aamr
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Re: Share your net worth progression

Post by aamr »

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

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

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

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

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

God bless you all and what a great community here. Stay healthy and wealthy.
What was responsible for the 2019 to 2020 jump in net worth if I may ask?
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Hawaiishrimp
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Re: Share your net worth progression

Post by Hawaiishrimp »

aamr wrote: Wed Feb 03, 2021 11:02 pm
Hawaiishrimp wrote: Wed Feb 03, 2021 3:15 am Update: As of Feb 1, 2021

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

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

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

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

God bless you all and what a great community here. Stay healthy and wealthy.
What was responsible for the 2019 to 2020 jump in net worth if I may ask?
Sure thing. Tesla stock and my own company stock vested. Thanks.
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
investingdad
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Re: Share your net worth progression

Post by investingdad »

That must have been a sizable TSLA holding relative to the rest of your investments if a ten fold increase in the stock had a similar effect on your NW.
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avg3fund
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Re: Share your net worth progression

Post by avg3fund »

2017 -$31,000 Graduated
2018 -$27,000
2019 -$19,000
2020 $8,000

Progress so far. I graduated slightly later in life than some, with 31k student debt to pay off.

30 years old and recently out of the red! Looking forward to ramping up my retirement contributions.
Last edited by avg3fund on Mon Dec 26, 2022 8:26 am, edited 2 times in total.
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Hawaiishrimp
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Re: Share your net worth progression

Post by Hawaiishrimp »

investingdad wrote: Thu Feb 04, 2021 6:39 am That must have been a sizable TSLA holding relative to the rest of your investments if a ten fold increase in the stock had a similar effect on your NW.
That’s correct.
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
Aaand...it'sgone
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Re: Share your net worth progression

Post by Aaand...it'sgone »

2017: $140K
2018: $176K
2019: $217K
2020: $316K
2021: $341K as of Feb 1

We're in our mid 30s with fairly modest income and a child. We had just been maxing our Roth IRAs every year, but a few things happened recently to help accelerate our progress:

2020: I finally got an employer match at work; we no longer have to pay for child care (which means much more money to invest); we refinanced our home (also more money to invest).
2021: got lucky with a few shares of GME; rolled the profits over into VTI.

I'm new to this forum, and really enjoy the information and perspective that you all provide. We'll have to see what the next few years bring, but I'm feeling more confident about 1) being able to retire some day in general; 2) maybe being able to achieve some significant financial independence before then.
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abuss368
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Re: Share your net worth progression

Post by abuss368 »

Atilla wrote: Wed Feb 03, 2021 2:15 pm Married in 2005 at 38 years old - that's when my current life started. :happy

All numbers are at end of year. Slow and steady...
2006: $314,000
2007: $410,000
2008: $347,000 (Great Recession, wife unemployed for 6 months)
2009: $430,000 (Nice rebound - stayed the course and didn't panic sell)
2010: $518,000
2011: $553,000
2012: $671,000
2013: $817,000
2014: $916,000 (Paid off the house, now 100% debt free)
2015: $1,000,000
2016: $1,127,000
2017: $1,306,000
2018: $1,405,000
2019: $1,689,000 (Best yearly increase ever dollar-wise)
2020: $1,966,000 (Reaction to covid eliminated my lifelong industry on 3/13/2020, income drops 90%. Wife was paid 1/2 time for several weeks but still our second-best yearly increase dollar-wise. Stayed the course and didn't panic sell.
That is incredible. You are an awesome example for others in terms of tuning out the noise and staying the course.

Congrats and keep going!
Tony
John C. Bogle: “Simplicity is the master key to financial success."
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abuss368
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Re: Share your net worth progression

Post by abuss368 »

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

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

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

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

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

God bless you all and what a great community here. Stay healthy and wealthy.
To say that progress is incredible would be an understatement! Is this from increased contributions to your investments or the investment selections themselves. Are you invested in total market index funds?

Tony
John C. Bogle: “Simplicity is the master key to financial success."
JS-Elcano
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Re: Share your net worth progression

Post by JS-Elcano »

I went -$500 into debt for a plane ticket when I came here for a job offer in 1999.
Maybe I'll cross the two comma threshold this year. Or maybe next year. Or the year thereafter. :happy

1999 -$500
2000 $2,000
2001 $4,000
2002 $7,100
2003 $21,200
2004 $33,100
2005 $29,900
2006 $52,900
2007 $75,700
2008 $93,800
2009 $53,400
2010 $39,500
2011 $73,900
2012 $119,300
2013 $191,000
2014 $247,100
2015 $283,100
2016 $347,800
2017 $426,200
2018 $485,400
2019 $655,700
2020 $827,700
YTD $864,100

Maybe this is encouragement for those who get there 'slow & steady' :beer
investingdad
Posts: 2139
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your net worth progression

Post by investingdad »

Hawaiishrimp wrote: Thu Feb 04, 2021 11:43 am
investingdad wrote: Thu Feb 04, 2021 6:39 am That must have been a sizable TSLA holding relative to the rest of your investments if a ten fold increase in the stock had a similar effect on your NW.
That’s correct.
So my question is... are you staying in the Tesla or taking the money off the table given the very high concentration?

We are in a similar, but order of magnitude smaller, situation with my wife's vested stock. We never expected it to grow as much as it has, but divesting and paying the tax isn't appealing. Her company trades at a normal PE with high cash flow from operations, so stable...but still, it's a lot in one company.

I'm interested to hear how you are addressing the situation you're in.
stoptothink
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Re: Share your net worth progression

Post by stoptothink »

abuss368 wrote: Thu Feb 04, 2021 9:41 pm
Hawaiishrimp wrote: Wed Feb 03, 2021 3:15 am Update: As of Feb 1, 2021

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

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

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

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

God bless you all and what a great community here. Stay healthy and wealthy.
To say that progress is incredible would be an understatement! Is this from increased contributions to your investments or the investment selections themselves. Are you invested in total market index funds?

Tony
TSLA and RSU's, Hawaiishrimp's progression has been discussed multiple times throughout this thread.
dougs93jeep
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Re: Share your net worth progression

Post by dougs93jeep »

2009- 4 yrs post college, just married. NW of about -100k

2020- NW (ages 39/36) of 375k it could be a lot better, but I'm happy with our progress.
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abuss368
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Re: Share your net worth progression

Post by abuss368 »

stoptothink wrote: Fri Feb 05, 2021 7:17 am
abuss368 wrote: Thu Feb 04, 2021 9:41 pm
Hawaiishrimp wrote: Wed Feb 03, 2021 3:15 am Update: As of Feb 1, 2021

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

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

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

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

God bless you all and what a great community here. Stay healthy and wealthy.
To say that progress is incredible would be an understatement! Is this from increased contributions to your investments or the investment selections themselves. Are you invested in total market index funds?

Tony
TSLA and RSU's, Hawaiishrimp's progression has been discussed multiple times throughout this thread.
Incredible! I appreciate the response.

Tony
John C. Bogle: “Simplicity is the master key to financial success."
apb1215
Posts: 9
Joined: Fri Feb 05, 2021 3:54 pm

Re: Share your net worth progression

Post by apb1215 »

2012 $379.65 (Salary: $0)
2013 $2,120.74 (Salary: $45k)
2014 $7,510.99 (Salary: $46k)
2015 $24,904.85 (Salary: $47k)
2016 $46,709.89 (Salary: $48k)
2017 $72,506.38 (Salary: $50k)
2018 $98,158.54 (Salary: $65k)
2019 $159,478.02 (Salary: $65k)
2020 $251,267.78 (Salary: $100k)

100% VTSAX/best possible equivalent in work 401k. The grind is finally starting to pay off.
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Hawaiishrimp
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Re: Share your net worth progression

Post by Hawaiishrimp »

abuss368 wrote: Thu Feb 04, 2021 9:41 pm
To say that progress is incredible would be an understatement! Is this from increased contributions to your investments or the investment selections themselves. Are you invested in total market index funds?

Tony
I continue to max out the 401k and put my rental income back to buy more stocks. I have VTSAX but the gains are mainly from Tesla and my company vested stocks. Thanks.
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
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Hawaiishrimp
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Re: Share your net worth progression

Post by Hawaiishrimp »

investingdad wrote: Fri Feb 05, 2021 7:15 am
Hawaiishrimp wrote: Thu Feb 04, 2021 11:43 am
investingdad wrote: Thu Feb 04, 2021 6:39 am That must have been a sizable TSLA holding relative to the rest of your investments if a ten fold increase in the stock had a similar effect on your NW.
That’s correct.
So my question is... are you staying in the Tesla or taking the money off the table given the very high concentration?

We are in a similar, but order of magnitude smaller, situation with my wife's vested stock. We never expected it to grow as much as it has, but divesting and paying the tax isn't appealing. Her company trades at a normal PE with high cash flow from operations, so stable...but still, it's a lot in one company.

I'm interested to hear how you are addressing the situation you're in.
The majority of my Tesla stocks are in 401k (with the option to buy my own stocks of choice) and ROTH, so no tax when we sell. I invest in Tesla with a 10+ years horizon, so they near term gains do not de-route us from continuing to invest in the company. I like Elon's vision, mission, and execution. I can't think of a better company to put my money in, so I stay the course. Cheers!
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
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abuss368
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Re: Share your net worth progression

Post by abuss368 »

Hawaiishrimp wrote: Fri Feb 05, 2021 5:18 pm
abuss368 wrote: Thu Feb 04, 2021 9:41 pm
To say that progress is incredible would be an understatement! Is this from increased contributions to your investments or the investment selections themselves. Are you invested in total market index funds?

Tony
I continue to max out the 401k and put my rental income back to buy more stocks. I have VTSAX but the gains are mainly from Tesla and my company vested stocks. Thanks.
Makes a lot of sense. Well done. :sharebeer
Tony
John C. Bogle: “Simplicity is the master key to financial success."
crossroad101
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Re: Share your net worth progression

Post by crossroad101 »

Code: Select all

Age	Year	Wages	Invest.	AGI	Tax	NW	Status		
27	2011	72k					Single		
28	2012	102k					Single		
29	2013	105k	787	106k			Single			
30	2014	111k	969	110k			MFJ			
31	2015	123k	716	124k	17k		MFJ			
32	2016	85k	8k	93k	8766		MFJ			
33	2017	114k	4k	118k	13k	271k	MFJ+1              Principal	Mortgage bal.
34	2018	136k	87k	227k	28k	302k	MFJ+1	                112k	        452k	4.5%
35	2019	164k	20k	187k	21k	245k	MFJ+2	                118k	        446k
36	2020	170k	90k	265k	46k	442k	MFJ+2	                125k	        439k     2.5% (re-fi Loandepot.com)
37      2021                                    521k						
Dear Bogleheads,

I request your input re: my n/w. I have linked to my earlier post and added some more detail above. I appreciate your input and any insight you may have. My apologies if I have posted one too many times requesting the same.

Sincerely,
crossroad101
crossroad101 wrote: Sun Jan 24, 2021 10:23 am 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.

Image

Orig. post: viewtopic.php?p=5757824#p5757824
JeepDaze
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Re: Share your net worth progression

Post by JeepDaze »

Took about 17 years of working (started my career in 2000) and investing to hit $1M net worth (June 2017).
Next million ($2M net worth) was just breached in Feb 2021 (so it took ~3.7 years to reach next million).
Consistent saving (40%+ per year), bull market gains, and home value appreciation helped accelerate the new worth growth.
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luminous
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Re: Share your net worth progression

Post by luminous »

crossroad101 wrote: Sun Feb 07, 2021 12:58 am

Code: Select all

Age	Year	Wages	Invest.	AGI	Tax	NW	Status		
27	2011	72k					Single		
28	2012	102k					Single		
29	2013	105k	787	106k			Single			
30	2014	111k	969	110k			MFJ			
31	2015	123k	716	124k	17k		MFJ			
32	2016	85k	8k	93k	8766		MFJ			
33	2017	114k	4k	118k	13k	271k	MFJ+1              Principal	Mortgage bal.
34	2018	136k	87k	227k	28k	302k	MFJ+1	                112k	        452k	4.5%
35	2019	164k	20k	187k	21k	245k	MFJ+2	                118k	        446k
36	2020	170k	90k	265k	46k	442k	MFJ+2	                125k	        439k     2.5% (re-fi Loandepot.com)
37      2021                                    521k						
Dear Bogleheads,

I request your input re: my n/w. I have linked to my earlier post and added some more detail above. I appreciate your input and any insight you may have. My apologies if I have posted one too many times requesting the same.

Sincerely,
crossroad101
crossroad101 wrote: Sun Jan 24, 2021 10:23 am 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.

Image

Orig. post: viewtopic.php?p=5757824#p5757824
Hello! I think you aren’t getting any answers here because this thread is just for sharing milestones. I recommend you start a new thread asking for help. I also suggest that in your new thread you ask specific questions. It is unclear what you are seeking help with exactly.
67/12/21 US stock/international stock/bonds. Bonds capped at 10x annual spending. Semi-retired as of 2022.
wander
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Re: Share your net worth progression

Post by wander »

Startingover2019 wrote: Wed Feb 03, 2021 10:16 pm January 2018 - Age 39 = +400K - started my divorce
February 2019- Age 40 = -200K - divorced and taken to cleaners by parasitic ex husband
January 2020- Age 41 = +(50-75K) paid off debt and climbing back up.
January 2021 -Age 42 = +500k - Good paying job, no leech to suck me dry, no children; paid off two small houses; invested, continued to be cheap.
January 2022- Hopefully will hit 900K

Above numbers from 2018-2019 are approximates as I didn't write numbers down. Didn't help that my ex had access to all accounts and refused to get on a budget. I just know that I ended up in the hole two years ago as my ex gleefully signed the papers.
$500k is awesome for coming back from negative balance.
crossroad101
Posts: 41
Joined: Sun May 27, 2018 3:55 pm

Re: Share your net worth progression

Post by crossroad101 »

Thanks I posted again hope to solicit some feedback!

viewtopic.php?f=2&t=262312&p=5798136#p5798136

luminous wrote: Sun Feb 07, 2021 10:18 am
crossroad101 wrote: Sun Feb 07, 2021 12:58 am

Code: Select all

Age	Year	Wages	Invest.	AGI	Tax	NW	Status		
27	2011	72k					Single		
28	2012	102k					Single		
29	2013	105k	787	106k			Single			
30	2014	111k	969	110k			MFJ			
31	2015	123k	716	124k	17k		MFJ			
32	2016	85k	8k	93k	8766		MFJ			
33	2017	114k	4k	118k	13k	271k	MFJ+1              Principal	Mortgage bal.
34	2018	136k	87k	227k	28k	302k	MFJ+1	                112k	        452k	4.5%
35	2019	164k	20k	187k	21k	245k	MFJ+2	                118k	        446k
36	2020	170k	90k	265k	46k	442k	MFJ+2	                125k	        439k     2.5% (re-fi Loandepot.com)
37      2021                                    521k						
Dear Bogleheads,

I request your input re: my n/w. I have linked to my earlier post and added some more detail above. I appreciate your input and any insight you may have. My apologies if I have posted one too many times requesting the same.

Sincerely,
crossroad101
crossroad101 wrote: Sun Jan 24, 2021 10:23 am 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.

Image

Orig. post: viewtopic.php?p=5757824#p5757824
Hello! I think you aren’t getting any answers here because this thread is just for sharing milestones. I recommend you start a new thread asking for help. I also suggest that in your new thread you ask specific questions. It is unclear what you are seeking help with exactly.
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

JS-Elcano wrote: Thu Feb 04, 2021 10:15 pm I went -$500 into debt for a plane ticket when I came here for a job offer in 1999.
Maybe I'll cross the two comma threshold this year. Or maybe next year. Or the year thereafter. :happy

1999 -$500
2000 $2,000
2001 $4,000
2002 $7,100
2003 $21,200
2004 $33,100
2005 $29,900
2006 $52,900
2007 $75,700
2008 $93,800
2009 $53,400
2010 $39,500
2011 $73,900
2012 $119,300
2013 $191,000
2014 $247,100
2015 $283,100
2016 $347,800
2017 $426,200
2018 $485,400
2019 $655,700
2020 $827,700
YTD $864,100

Maybe this is encouragement for those who get there 'slow & steady' :beer
Congratulations, this is truly impressive. My best wishes for you going forward!
Pinnacle06
Posts: 3
Joined: Mon Feb 08, 2021 8:34 pm

Re: Share your net worth progression

Post by Pinnacle06 »

Long time lurker, first time poster. 39.5 YO, single.

I have been tracking my net worth closely for the past few years. After a few blips and bumps along the way (divorced 5 years ago), today is the day that second coma was added to the net worth score card. The goal was to join the club by 40 and made it by about 6 months. Now onwards!
JS-Elcano
Posts: 992
Joined: Wed Jun 10, 2020 7:29 pm

Re: Share your net worth progression

Post by JS-Elcano »

Normchad wrote: Mon Feb 08, 2021 7:39 pm
JS-Elcano wrote: Thu Feb 04, 2021 10:15 pm I went -$500 into debt for a plane ticket when I came here for a job offer in 1999.
Maybe I'll cross the two comma threshold this year. Or maybe next year. Or the year thereafter. :happy

1999 -$500
2000 $2,000
2001 $4,000
2002 $7,100
2003 $21,200
2004 $33,100
2005 $29,900
2006 $52,900
2007 $75,700
2008 $93,800
2009 $53,400
2010 $39,500
2011 $73,900
2012 $119,300
2013 $191,000
2014 $247,100
2015 $283,100
2016 $347,800
2017 $426,200
2018 $485,400
2019 $655,700
2020 $827,700
YTD $864,100

Maybe this is encouragement for those who get there 'slow & steady' :beer
Congratulations, this is truly impressive. My best wishes for you going forward!
Thank you. Your comment means a lot to me because I can't really share this with anyone I know.
clip651
Posts: 1584
Joined: Thu Oct 02, 2014 11:02 am

Re: Share your net worth progression

Post by clip651 »

JS-Elcano wrote: Thu Feb 04, 2021 10:15 pm I went -$500 into debt for a plane ticket when I came here for a job offer in 1999.
Maybe I'll cross the two comma threshold this year. Or maybe next year. Or the year thereafter. :happy

1999 -$500
2000 $2,000
2001 $4,000
2002 $7,100
2003 $21,200
2004 $33,100
2005 $29,900
2006 $52,900
2007 $75,700
2008 $93,800
2009 $53,400
2010 $39,500
2011 $73,900
2012 $119,300
2013 $191,000
2014 $247,100
2015 $283,100
2016 $347,800
2017 $426,200
2018 $485,400
2019 $655,700
2020 $827,700
YTD $864,100

Maybe this is encouragement for those who get there 'slow & steady' :beer
Congrats! And thanks for the encouragement, as I am not as far along, but hope to be on a similar path. I'm sure others reading along will also be encouraged.
cj
Fat Tails
Posts: 519
Joined: Wed Oct 30, 2019 12:47 am
Location: New Mexico

Re: Share your net worth progression

Post by Fat Tails »

Many impressive stories, both long and short-term.
Here is a snapshot of our journey:

Financial Assets (not including real estate)
1978 Got first job, age 15, worked continuously until age 58.
1991 Got married at age 28, DW age 33
1993 Kid #1
1994 $66,929 Paid off DW small student loan
1995 $95,298 Kid #2
1996 $139,549
1997 $187,733
1998 $276,937
1999 $376,494
2000 $454,997
2001 $465,312
2002 $502,806
2003 $540,097
2004 $740,350
2005 $903,209 Bought first new car (still wouldn’t recommend that)
2006 $1,009,540
2007 $1,317,124 Paid off house
2008 $1,420,585 Eased up on the very frugal lifestyle somewhat, but old habits are hard to break.
2009 $1,245,108
2010 $1,190,511
2011 $1,394,306
2012 $1,369,440
2013 $1,514,714
2014 $2,016,255
2015 $2,209,872
2016 $2,290,657 (Discovered Bogleheads)
2017 $2,373,370
2018 $2,631,577
2019 $3,008,509 Retired, went part-time (75%) with a contractor.
2020 $3,216,525 Fully retired (age 58), DW retired (age 62j
2021 $3,567,918

My parents were not able to fund college for me, but they taught me many other valuable life lessons including living below your means, value of hard work, and do-it-yourself skills. Dad was a blue collar construction guy. Late in high school while working with him during nearly all my time off from my job I became fascinated with finance (wait, there is a way to make money without have to toil in the hot sun or work hourly in some other profession? Tell me more. Listened to Bob Brinker starting in 1981, read 1000s of books, Triumph of the Optimists, etc.

We both put ourselves through engineering school by working nearly full time, continuously (not as possible these days due to higher tuition costs). Helped my dad build future rental houses (parent’s retirement plan) with most of my free time from school and my job.

Dual income.
Frugal lifestyle. DIY’d home and car stuff.
40 years of sleep deprivation, as most of you all are/have experienced.
Fully funded retirement plans with a 3% employer match.

When kids got jobs, funded max allowable to their Roth IRAs, to help with their compounding timelines.

No employer stock or large bonus opportunities, or the trials & tribulations & risk of owning a small business, but had steady employment.

Stock market gods smiled favorably.

We feel very fortunate and lucky and am very happy with our path.

Thanks to everybody on this forum for your advice and experiences!
: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
vrr106
Posts: 354
Joined: Wed Feb 11, 2015 9:27 am

Re: Share your net worth progression

Post by vrr106 »

Interesting thread, posting my progression (47 yo, married w/ 2 kids):

1997: $0 (started first job after grad school)
2000: $250,000 (dotcom peak, mostly company stock, owed money on BMW and house I didn't need)
2001: $100,000 (dotcom bust)
2004: $150,000 (got married, started new stable job with lower pay, spouse started first job after grad school)
2007: $300,000
2009: $500,000
2011: $750,000
2013: $1M (spouse and I started new job)
2015: $1.5M
2017: $2.5M (restricted stock starts to vest)
2018: $3.5M
2020: $5.5M (market driven + stock vesting)
2021: Spouse is taking a break, income is halved, will see how this progresses
Last edited by vrr106 on Tue Feb 09, 2021 2:15 pm, edited 1 time in total.
"It is not necessary to do extraordinary things to get extraordinary results"-Buffet| "Anytime that something is romanticized, you have to really question whether it exists"-Unknown
Independent George
Posts: 1592
Joined: Wed Feb 17, 2016 11:13 am
Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

crossroad101 wrote: Sun Feb 07, 2021 12:58 am Dear Bogleheads,

I request your input re: my n/w. I have linked to my earlier post and added some more detail above. I appreciate your input and any insight you may have. My apologies if I have posted one too many times requesting the same.

Sincerely,
crossroad101
I'm not sure what you're asking - do you mean, "how do you calculate home equity if the price has appreciated?". Or did you sell the home you bought in 2019 and have new home with a mortgage pending, and don't know whether to count it?

If it's the first, I calculate home equity based on the lower of either purchase price or current FMV - so because your home has appreciated, I count the original purchase price when determining the equity. If you sell it and realize the gain, then I'd count that gain towards your new net worth statement.

If it's the second, the former home is no longer counted the second it's disposed of - only the cash you received in the transaction. If you are rolling that amount into a new mortgage that hasn't closed yet, assuming it's under contract, I'd count the new mortgage & contract price in the home equity even if you haven't moved in yet.

This is all personal accounting, so it doesn't really matter except insofar as your progress towards goals; you're not getting audited over this, so as long as you're consistent, it's fine.
JS-Elcano
Posts: 992
Joined: Wed Jun 10, 2020 7:29 pm

Re: Share your net worth progression

Post by JS-Elcano »

clip651 wrote: Tue Feb 09, 2021 1:21 pm
JS-Elcano wrote: Thu Feb 04, 2021 10:15 pm I went -$500 into debt for a plane ticket when I came here for a job offer in 1999.
Maybe I'll cross the two comma threshold this year. Or maybe next year. Or the year thereafter. :happy

1999 -$500
2000 $2,000
2001 $4,000
2002 $7,100
2003 $21,200
2004 $33,100
2005 $29,900
2006 $52,900
2007 $75,700
2008 $93,800
2009 $53,400
2010 $39,500
2011 $73,900
2012 $119,300
2013 $191,000
2014 $247,100
2015 $283,100
2016 $347,800
2017 $426,200
2018 $485,400
2019 $655,700
2020 $827,700
YTD $864,100

Maybe this is encouragement for those who get there 'slow & steady' :beer
Congrats! And thanks for the encouragement, as I am not as far along, but hope to be on a similar path. I'm sure others reading along will also be encouraged.
cj
cj, good luck to you on your path to FI. As you can see, my NW went nowhere between 2004 and 2010/11, I just kept going and started to increase my savings when I got a promotion (e.g., maxed out 457 in addition to 401k).
DataFientist
Posts: 11
Joined: Tue Jan 30, 2018 10:00 am

Re: Share your net worth progression

Post by DataFientist »

DataFientist wrote: Wed Jan 08, 2020 10:08 am Graduated college with student loans, $200 in my bank account, and a consultant job. I had always been interested in personal finance and tracked my budget with YNAB. Proud of my (small) progress so far.

2017: -30k — Graduated w/ student loans
2018: -11k — Changed jobs. Salary went from 60k to 105k
2019: 24k — Positive net worth! Maxed out 401k and IRA
Update with 2020 numbers

2017: -30k
2018: -11k
2019: 24k
2020: 57k
rich126
Posts: 4475
Joined: Thu Mar 01, 2018 3:56 pm

Re: Share your net worth progression

Post by rich126 »

Net worth is such a volatile number. Just as an example my house in AZ cost about $350K in 2003. Went up to $600K+ by 2007-8 and by 2011 it was down to $300K. It then recovered and I recently sold it for over $600K.

I just checked one of my brokerage accounts and it is up 5% in just the last 2 weeks.

While I am curious what my net worth would have looked like year by year I'm glad I don't know. Currently it is at an all time high but a market correction would change that quickly.

I don't ever expect to see an 8 digit number unless I win the lottery :)

For some reason I think really happy people would never think about their net worth or its progression but that is something I've only learned over the last decade or so.
----------------------------- | If you think something is important and it doesn't involve the health of someone, think again. Life goes too fast, enjoy it and be nice.
Fat Tails
Posts: 519
Joined: Wed Oct 30, 2019 12:47 am
Location: New Mexico

Re: Share your net worth progression

Post by Fat Tails »

DataFientist wrote: Tue Feb 09, 2021 3:35 pm
DataFientist wrote: Wed Jan 08, 2020 10:08 am Graduated college with student loans, $200 in my bank account, and a consultant job. I had always been interested in personal finance and tracked my budget with YNAB. Proud of my (small) progress so far.

2017: -30k — Graduated w/ student loans
2018: -11k — Changed jobs. Salary went from 60k to 105k
2019: 24k — Positive net worth! Maxed out 401k and IRA
Update with 2020 numbers

2017: -30k
2018: -11k
2019: 24k
2020: 57k
Tremendous progress! The first $100K is the hardest part, according to Charlie Munger, and I agree 😂.
“Doing well with money has little to do with how smart you are and a lot to do with how you behave.” - Morgan Housel
JS-Elcano
Posts: 992
Joined: Wed Jun 10, 2020 7:29 pm

Re: Share your net worth progression

Post by JS-Elcano »

DataFientist wrote: Tue Feb 09, 2021 3:35 pm
DataFientist wrote: Wed Jan 08, 2020 10:08 am Graduated college with student loans, $200 in my bank account, and a consultant job. I had always been interested in personal finance and tracked my budget with YNAB. Proud of my (small) progress so far.

2017: -30k — Graduated w/ student loans
2018: -11k — Changed jobs. Salary went from 60k to 105k
2019: 24k — Positive net worth! Maxed out 401k and IRA
Update with 2020 numbers

2017: -30k
2018: -11k
2019: 24k
2020: 57k
You are doing great! It took me over 10 years to break through 100k. It was the hardest/longest stretch also because my income out of grad school was so low for many years.
bltn
Posts: 1844
Joined: Mon Feb 20, 2017 8:32 pm

Re: Share your net worth progression

Post by bltn »

Hawaiishrimp wrote: Fri Feb 05, 2021 5:21 pm
investingdad wrote: Fri Feb 05, 2021 7:15 am
Hawaiishrimp wrote: Thu Feb 04, 2021 11:43 am
investingdad wrote: Thu Feb 04, 2021 6:39 am That must have been a sizable TSLA holding relative to the rest of your investments if a ten fold increase in the stock had a similar effect on your NW.
That’s correct.
So my question is... are you staying in the Tesla or taking the money off the table given the very high concentration?

We are in a similar, but order of magnitude smaller, situation with my wife's vested stock. We never expected it to grow as much as it has, but divesting and paying the tax isn't appealing. Her company trades at a normal PE with high cash flow from operations, so stable...but still, it's a lot in one company.

I'm interested to hear how you are addressing the situation you're in.
The majority of my Tesla stocks are in 401k (with the option to buy my own stocks of choice) and ROTH, so no tax when we sell. I invest in Tesla with a 10+ years horizon, so they near term gains do not de-route us from continuing to invest in the company. I like Elon's vision, mission, and execution. I can't think of a better company to put my money in, so I stay the course. Cheers!
At the rate you re going, you are going to reach the “top 1%” of bogleheads!!
Keep going, and good luck.
sir_throckmorton
Posts: 66
Joined: Tue Dec 26, 2017 10:04 pm

Re: Share your net worth progression

Post by sir_throckmorton »

2017: 48k
2018: 93k
2019: 259k
2020: 577k

33 yo married, 2 kids. Started big boy physician job in 2019. Had 180k student loans which we will pay off in a few months.
User avatar
Lehninger
Posts: 19
Joined: Thu Mar 07, 2019 3:12 pm

Re: Share your net worth progression

Post by Lehninger »

sir_throckmorton wrote: Thu Feb 11, 2021 7:38 am 2017: 48k
2018: 93k
2019: 259k
2020: 577k

33 yo married, 2 kids. Started big boy physician job in 2019. Had 180k student loans which we will pay off in a few months.
A fellow radiologist! I graduate this summer and am excited to follow in your footsteps!
LaborDoc
Posts: 44
Joined: Sun Dec 08, 2019 10:14 am

Re: Share your net worth progression

Post by LaborDoc »

sir_throckmorton wrote: Thu Feb 11, 2021 7:38 am 2017: 48k
2018: 93k
2019: 259k
2020: 577k

33 yo married, 2 kids. Started big boy physician job in 2019. Had 180k student loans which we will pay off in a few months.
Clinical correlation needed
herpfinance
Posts: 249
Joined: Tue Nov 18, 2014 3:52 pm
Location: Denmark

Re: Share your net worth progression

Post by herpfinance »

$100k Sep 2014
$150k July 2016
$300k July 2019
$400k Oct 2020
$500k Feb 2021

The most recent 100k sure were fast! A couple of extra windfalls helped, but most were due to market gains.
"The intelligent investor is a realist who sells to optimists and buys from pessimists" - Benjamin Graham
User avatar
Hawaiishrimp
Posts: 501
Joined: Tue Apr 14, 2015 4:13 am

Re: Share your net worth progression

Post by Hawaiishrimp »

bltn wrote: Tue Feb 09, 2021 8:45 pm At the rate you re going, you are going to reach the “top 1%” of bogleheads!!
Keep going, and good luck.
What's “top 1%” of bogleheads? I doubt it. I heard some people have $60 - $100M+ here. (e.g. Jack Bogle himself). I am a small potato in comparison. A lot can happen along the journey. I'm just grateful that things are progressing smoothly at the moment. I'm sure there will be more ups & downs in the years ahead.
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
investingdad
Posts: 2139
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your net worth progression

Post by investingdad »

I wanted to share because it may drop by day’s end, but....

.... just rolled the total to $4 million as of this posting.

Pretty sweet seeing that number.

Hit $1 million at 39, my wife and I are both 47 now.
jarjarM
Posts: 2511
Joined: Mon Jul 16, 2018 1:21 pm

Re: Share your net worth progression

Post by jarjarM »

investingdad wrote: Fri Feb 12, 2021 12:07 pm I wanted to share because it may drop by day’s end, but....

.... just rolled the total to $4 million as of this posting.

Pretty sweet seeing that number.

Hit $1 million at 39, my wife and I are both 47 now.
Congrats! :beer
e5116
Posts: 867
Joined: Mon Oct 05, 2009 11:22 am

Re: Share your net worth progression

Post by e5116 »

herpfinance wrote: Thu Feb 11, 2021 9:23 am $100k Sep 2014
$150k July 2016
$300k July 2019
$400k Oct 2020
$500k Feb 2021

The most recent 100k sure were fast! A couple of extra windfalls helped, but most were due to market gains.
Nice! I like tracking "time for each $100k" as well as it's fun to see it go down although is largely based on the whims of the market. It took me over 3 years to reach first $100k and most recent was 1 month (I only track it monthly, so not sure exact timing). I only track investable assets so house value not involved. In the middle, it's been anywhere from 1.7 to 0.2 years to increase $100k each time. My savings/spending rate is pretty constant, so it really shows the variance based on market returns.
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