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.
bltn
Posts: 1844
Joined: Mon Feb 20, 2017 8:32 pm

Re: Share your net worth progression

Post by bltn »

Hawaiishrimp wrote: Fri Feb 12, 2021 12:18 am
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 am just guessing $30 m will definitely be in the top 1%. Probably 0.5%. 60-100m in the top 0.1%.

We see a lot in the news about 100 millionaires and billionaires, but there are mighty few.

Actionable, I suspect most of your recent increase in wealth came from company stock, though a significant portion may have come from Tesla. In your position, with your confidence in Tesla, I d consider selling 65-75% of my holding and keep 25-35% to play with. I d sell 90% of my company stock. The after tax proceeds from these sales I would put into vti. That might be a safer way to get to 30 million.

I was just teasing about the “top 1%”.

Hope things continue to go well.
Mofire
Posts: 49
Joined: Thu Aug 06, 2020 9:28 am

Re: Share your net worth progression

Post by Mofire »

Mofire wrote: Thu Dec 31, 2020 10:46 pm Wow. There are some amazing progressions this year - congratulations everyone!

08 2015: $1.0M
04 2018: $2.0M
07 2019: $2.8M
12 2019: $3.6M
07 2020: $5.0M
12 2020: $7.5M (age 43)

I’m curious what 2021 has in store!
Net worth has hit $10M!!

It feels amazing and surreal, and more excited than when I hit the first $1M. Haha.

How have you celebrated big milestones? Might have to make my wife a nice breakfast. :-D :sharebeer
User avatar
corn18
Posts: 2867
Joined: Fri May 22, 2015 6:24 am

Re: Share your net worth progression

Post by corn18 »

Mofire wrote: Fri Feb 12, 2021 2:59 pm
Mofire wrote: Thu Dec 31, 2020 10:46 pm Wow. There are some amazing progressions this year - congratulations everyone!

08 2015: $1.0M
04 2018: $2.0M
07 2019: $2.8M
12 2019: $3.6M
07 2020: $5.0M
12 2020: $7.5M (age 43)

I’m curious what 2021 has in store!
Net worth has hit $10M!!

It feels amazing and surreal, and more excited than when I hit the first $1M. Haha.

How have you celebrated big milestones? Might have to make my wife a nice breakfast. :-D :sharebeer
I usually give a few million away to my fellow bogleheads :D :moneybag
Consistently sets low goals and fails to achieve them.
scottr08
Posts: 31
Joined: Sat Aug 22, 2015 2:38 am

Re: Share your net worth progression

Post by scottr08 »

scottr08 wrote: Wed Sep 04, 2019 9:14 am Started first ROTH IRA in 2012 the month I graduated undergrad.

2013 - no records for this year, but worked full time at entry level job

2014 - Retirement accounts: $15,000
Student Loans: $19,000
Total: -$4,000
Notes: Was in the Peace Corps

2015 - Retirement accounts: $20,000
Student Loans: $18,000
Total: $2,000
Notes: Was in the Peace Corps

2016 - Retirement accounts: $20,000
Student Loans: $17,000
Total: $3,000
Notes: Grad school full time

2017 - Retirement accounts: $27,000
Student Loans: $18,000
Total: $3,000
Notes: Grad school full time

2018 - Retirement accounts: $45,000
Student Loans: $36,000
Total: $9,000
Notes: Grad school full time (took out loans)

2019 (today) - Retirement accounts: $53,000
Student Loans: $33,000
Total: $20,000
Notes: Full-time entry/mid level job with federal government
2020 (as of 12/31/2020) - Retirement accounts and HSA's: $110,000
Student Loans: $26,000
Total: $84,000
Notes: Wife now working full time in the US, so we effectively have two salaries to save from now (previous job was in local currency, so nothing to note in USD terms); should help increase the net worth for 2021. Started to include HSA balances.
Mofire
Posts: 49
Joined: Thu Aug 06, 2020 9:28 am

Re: Share your net worth progression

Post by Mofire »

corn18 wrote: Fri Feb 12, 2021 3:03 pm I usually give a few million away to my fellow bogleheads :D :moneybag
I hope you get a tax deduction?? lol
StruckGold
Posts: 7
Joined: Fri Dec 29, 2017 5:36 pm

Re: Share your net worth progression

Post by StruckGold »

2013 49,015
2014 480,653
2015 400,863 (bought house, March 2015)
2016 690,078
2017 1.3 M (2 comma club)
2018 1.7 M
2019 2.7 M
2020 3.8 M
2021 4.12 M (age 42)
Last edited by StruckGold on Thu Feb 18, 2021 2:26 am, edited 3 times in total.
brian91480
Posts: 683
Joined: Fri Jan 29, 2021 6:44 pm
Location: Minnesota

Re: Share your net worth progression

Post by brian91480 »

I never tracked this. I wish I had.

This thread both depresses me, and also motivates me to do better. I'm at almost $1.1 million at age 40.
Harri88
Posts: 143
Joined: Sun Dec 06, 2020 7:15 pm
Location: Midwest

Re: Share your net worth progression

Post by Harri88 »

Mofire wrote: Fri Feb 12, 2021 2:59 pm
Mofire wrote: Thu Dec 31, 2020 10:46 pm Wow. There are some amazing progressions this year - congratulations everyone!

08 2015: $1.0M
04 2018: $2.0M
07 2019: $2.8M
12 2019: $3.6M
07 2020: $5.0M
12 2020: $7.5M (age 43)

I’m curious what 2021 has in store!
Net worth has hit $10M!!

It feels amazing and surreal, and more excited than when I hit the first $1M. Haha.

How have you celebrated big milestones? Might have to make my wife a nice breakfast. :-D :sharebeer
Very Impressive. Congratulations to you and your wife, that is an amazing achievement in 6 years! :sharebeer We didnt do anything too special. Went to dinner, had a glass of wine. Next milestone we'll do the same, and maybe have a glass of Champaign.

I have to ask, if it is not to imposing, how did you accumulate so much in a short time frame?
e5116
Posts: 867
Joined: Mon Oct 05, 2009 11:22 am

Re: Share your net worth progression

Post by e5116 »

Mofire wrote: Fri Feb 12, 2021 2:59 pm
Mofire wrote: Thu Dec 31, 2020 10:46 pm Wow. There are some amazing progressions this year - congratulations everyone!

08 2015: $1.0M
04 2018: $2.0M
07 2019: $2.8M
12 2019: $3.6M
07 2020: $5.0M
12 2020: $7.5M (age 43)

I’m curious what 2021 has in store!
Net worth has hit $10M!!

It feels amazing and surreal, and more excited than when I hit the first $1M. Haha.

How have you celebrated big milestones? Might have to make my wife a nice breakfast. :-D :sharebeer
$1M to $10M in not much more than five years?! Wow....

Can I ask if that was primarily due to investment returns (index or individual stocks), RSUs, extremely high income, inheritance, company buyout, or something else?

Congrats!
soccerbogle
Posts: 39
Joined: Tue Sep 08, 2020 6:53 pm

Re: Share your net worth progression

Post by soccerbogle »

brian91480 wrote: Fri Feb 12, 2021 8:05 pm I never tracked this. I wish I had.

This thread both depresses me, and also motivates me to do better. I'm at almost $1.1 million at age 40.
you are doing great!
Mofire
Posts: 49
Joined: Thu Aug 06, 2020 9:28 am

Re: Share your net worth progression

Post by Mofire »

Harri88 wrote: Fri Feb 12, 2021 8:25 pm
Very Impressive. Congratulations to you and your wife, that is an amazing achievement in 6 years! :sharebeer We didnt do anything too special. Went to dinner, had a glass of wine. Next milestone we'll do the same, and maybe have a glass of Champaign.

I have to ask, if it is not to imposing, how did you accumulate so much in a short time frame?
Thank you for virtually sharing a cold beverage with me! This is something that I couldn't and wouldn't share with anyone I know personally, so it's very cathartic and freeing for me to share with others who understand the hard work required to hit these milestones and are on the same journey of financial independence.

And to answer your and @e5116 questions, the NW is reflective of my investment gains (index) and business income.

Wish you much prosperity and health this year!
sjl333
Posts: 305
Joined: Sun Apr 20, 2014 2:59 pm

Re: Share your net worth progression

Post by sjl333 »

Thought I would update since I became a millionaire :)....all paper gains though...so hopefully my stocks dont go down...

Age Networth Salary
22 -120K (student loans) 65K
31 1,053,000 400K+
Startingover2019
Posts: 64
Joined: Thu Oct 17, 2019 7:24 pm

Re: Share your net worth progression

Post by Startingover2019 »

wander wrote: Sun Feb 07, 2021 10:25 am
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.
Thank you. While it sucks to start over, at least I am free of all the drama and constant spending. I take care of more people now, yet somehow I’m able to save more money than when I was taking care of just one other person.
Thank goodness I am a cheapo.
Keenobserver
Posts: 1043
Joined: Thu Aug 13, 2015 1:05 pm

Re: Share your net worth progression

Post by Keenobserver »

Startingover2019 wrote: Sun Feb 14, 2021 10:33 pm
wander wrote: Sun Feb 07, 2021 10:25 am
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.
Thank you. While it sucks to start over, at least I am free of all the drama and constant spending. I take care of more people now, yet somehow I’m able to save more money than when I was taking care of just one other person.
Thank goodness I am a cheapo.
Power to u
Keenobserver
Posts: 1043
Joined: Thu Aug 13, 2015 1:05 pm

Re: Share your net worth progression

Post by Keenobserver »

brian91480 wrote: Fri Feb 12, 2021 8:05 pm I never tracked this. I wish I had.

This thread both depresses me, and also motivates me to do better. I'm at almost $1.1 million at age 40.
Why would you be depressed being a 40 year old Millionaire? This jusy shows how far from the norm Booglehead demographics are. Comparison is the thief of joy. The guy with $ 10 million is floating on clouds when he is amongst regular folks, but when around folks with $50 million plus Networth, he is miserable and depressed. He still.has the same $ 10 million. Its important to connect with regular folks, understand their struggles. Having a few months of expenses is considered a blessing by many. Its good to be motivated, but you will not be happy with $100 Mill if you are comparing yourself to multi billionaires.
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 »

Keenobserver wrote: Thu Feb 18, 2021 6:52 am
brian91480 wrote: Fri Feb 12, 2021 8:05 pm I never tracked this. I wish I had.

This thread both depresses me, and also motivates me to do better. I'm at almost $1.1 million at age 40.
Why would you be depressed being a 40 year old Millionaire? This jusy shows how far from the norm Booglehead demographics are. Comparison is the thief of joy. The guy with $ 10 million is floating on clouds when he is amongst regular folks, but when around folks with $50 million plus Networth, he is miserable and depressed. He still.has the same $ 10 million. Its important to connect with regular folks, understand their struggles. Having a few months of expenses is considered a blessing by many. Its good to be motivated, but you will not be happy with $100 Mill if you are comparing yourself to multi billionaires.
This is why I wish people would list their incomes and general life circumstances. Going from -$250k to $2M is always great, but there's a huge difference between massing your savings after completing your residency versus slowly rebuilding your life after a messy divorce. There is much more to be learned from the latter.
Keenobserver
Posts: 1043
Joined: Thu Aug 13, 2015 1:05 pm

Re: Share your net worth progression

Post by Keenobserver »

Independent George wrote: Thu Feb 18, 2021 12:05 pm
Keenobserver wrote: Thu Feb 18, 2021 6:52 am
brian91480 wrote: Fri Feb 12, 2021 8:05 pm I never tracked this. I wish I had.

This thread both depresses me, and also motivates me to do better. I'm at almost $1.1 million at age 40.
Why would you be depressed being a 40 year old Millionaire? This jusy shows how far from the norm Booglehead demographics are. Comparison is the thief of joy. The guy with $ 10 million is floating on clouds when he is amongst regular folks, but when around folks with $50 million plus Networth, he is miserable and depressed. He still.has the same $ 10 million. Its important to connect with regular folks, understand their struggles. Having a few months of expenses is considered a blessing by many. Its good to be motivated, but you will not be happy with $100 Mill if you are comparing yourself to multi billionaires.
This is why I wish people would list their incomes and general life circumstances. Going from -$250k to $2M is always great, but there's a huge difference between massing your savings after completing your residency versus slowly rebuilding your life after a messy divorce. There is much more to be learned from the latter.
Agreed. Its so subjective. Some of us feel we need an x amount to retire, while others would be ok with al ot less. Important to not get lost in the numbers. The goal is not wealth itself, but a good satisfactoey quality of life. My father always says being content and at peace with what you have between your hands is the real wealth. I know many so many people who in my opinion have more than enough to retire/ semi retire, however, they have a preset number in their heads.
l1am
Posts: 438
Joined: Wed Mar 02, 2016 1:27 pm

Re: Share your net worth progression

Post by l1am »

Independent George wrote: Thu Feb 18, 2021 12:05 pm This is why I wish people would list their incomes and general life circumstances. Going from -$250k to $2M is always great, but there's a huge difference between massing your savings after completing your residency versus slowly rebuilding your life after a messy divorce. There is much more to be learned from the latter.
Indeed, inheritance is important context too.
mbasherp
Posts: 735
Joined: Mon Jun 26, 2017 8:48 am

Re: Share your net worth progression

Post by mbasherp »

brian91480 wrote: Fri Feb 12, 2021 8:05 pm I never tracked this. I wish I had.

This thread both depresses me, and also motivates me to do better. I'm at almost $1.1 million at age 40.
Don’t be depressed. $1 million by 40 is my stretch goal. I will feel like a champ if we hit that!
brian91480
Posts: 683
Joined: Fri Jan 29, 2021 6:44 pm
Location: Minnesota

Re: Share your net worth progression

Post by brian91480 »

mbasherp wrote: Sat Feb 20, 2021 8:02 pm
brian91480 wrote: Fri Feb 12, 2021 8:05 pm I never tracked this. I wish I had.

This thread both depresses me, and also motivates me to do better. I'm at almost $1.1 million at age 40.
Don’t be depressed. $1 million by 40 is my stretch goal. I will feel like a champ if we hit that!
In other threads, I have posted that many of us in Bogleheads are blessed, and should always be appreciative of what we have. I do feel blessed, but I will strive to do better. And lastly... I sincerely hope that you reach your stretch goal! 👍
l1am
Posts: 438
Joined: Wed Mar 02, 2016 1:27 pm

Re: Share your net worth progression

Post by l1am »

brian91480 wrote: Sat Feb 20, 2021 9:02 pm In other threads, I have posted that many of us in Bogleheads are blessed, and should always be appreciative of what we have. I do feel blessed, but I will strive to do better. And lastly... I sincerely hope that you reach your stretch goal! 👍
I think it's normal to compare yourself to others. It's very important to keep in mind though, that this forum, and especially this thread, will have a strong selection bias towards the top percentiles of wealth.

Go look up the median NW for your age group, or even the 90th percentile.
Autiger144
Posts: 3
Joined: Sat Sep 03, 2016 10:42 pm

Re: Share your net worth progression

Post by Autiger144 »

Autiger144 wrote: Tue Sep 08, 2020 12:26 pm Male, Married, 2 kids, 35 y/o

No debt other than mortgage

2015 $70,000
2016 $134,000
2017 $170,000
2018 $225,000
2019 $329,000
2020 $492,000
YTD '21. $545,000

Hope to hit $1M net worth by 39 y/o

2020 Savings Rate - 58%
User avatar
9mm
Posts: 122
Joined: Tue Jun 02, 2020 9:25 am
Location: usa

Re: Share your net worth progression

Post by 9mm »

9mm wrote: Tue Jun 02, 2020 10:42 am First post here. Thanks for all the great content over the years.

Format: "Year/Income/Net Worth"
  • 2010/$46k/-$150k
  • 2011/$56k/-$110k
  • 2012/$65k/-$78k
  • 2013/$68k/-$35k
  • 2014/$76k/$45k
  • 2015/$125k/$110k
  • 2016/$135k/$185k
  • 2017/$146k/$280k
  • 2018/$156k/$410k
  • 2019/$169k/$580k
Current: 2020/$183k/$890k
  • Current net worth is 85% equities (VTI) and 15% cash (CDs). No house (sold at the end of 2019 in VHCOLA), no debt. Average salary less than $120,000. Saving a little over $105k/year now, living on about $65k/year.
Goals:
  • $1M by end of 2021
  • $2M by end of 2026 (financially independent milestone)
:beer Cheers!
Quick update: Wow, we are just a few months into 2021, and we’re already at $1.1M, way beyond our end of year goal. AA is almost all equities now.

I am now shooting for $2M by 2025.
Don’t overbuy on housing. Invest half your income in TSM index funds. You will be financially independent in 10 to 20 years.
wrongfunds
Posts: 3187
Joined: Tue Dec 21, 2010 2:55 pm

Re: Share your net worth progression

Post by wrongfunds »

I see lots of many millions in tax deferred assets at relatively young age for many of you. I want to be alive and be here to read about your lament when you reach young age of 72 :-) Of course the complaints about IRMAA at age 65 too. Seriously, would you be able to convert all those deferred assets in to Roth before reaching that 72? I understand that seems so far away but those deferred amounts will be reaching in to 8-digits when you reach there.

I did not realize how many mega millionaires are participants on this forum. This is just amazing.

I am still waiting for the person whose account is used as an example in Fidelity Retirement Planning video to face up :D
sc9182
Posts: 2178
Joined: Wed Aug 17, 2016 7:43 pm

Re: Share your net worth progression

Post by sc9182 »

wrongfunds wrote: Sat Feb 27, 2021 9:45 pm I see lots of many millions in tax deferred assets at relatively young age for many of you. I want to be alive and be here to read about your lament when you reach young age of 72 :-) Of course the complaints about IRMAA at age 65 too. Seriously, would you be able to convert all those deferred assets in to Roth before reaching that 72? I understand that seems so far away but those deferred amounts will be reaching in to 8-digits when you reach there.
I ..
The young ones you mentioned - possibly are survivor-bias — who did NOT go thru some of not-so-sweet life outcomes such as disability, extended unemployment, extended medical condition, divorce(s), or worse death (not yet). Or these are the ones — who decided against early or timely retirement choice - instead chose to continue to work and accumulate assets (including tax deferred) along the way. Or chose to work past ages 55-59 and beyond, and thus choosing not to Roth-convert.

One may be better of taking a chance of higher RMD nuisance, than having half-or-less in tax-deferred assets due to any one of earlier mentioned life condition before current RMD age of 72., and also reduced RMD withdrawal rates due to longevity update.

One more consideration is - what if we have a lost decade (or two) similar to 2000-2009 just as you started withdrawing or Roth-convert .. your tax-deferred portfolio may not be as high as you think it might be .. and he’ll no - we are not even talking possible higher/hyper inflation !?

At a larger picture- many of young’uns don’t necessarily have Pensions - as society (especially most of the private sector) moved away from pensions. So, you may in fact need money to eat/survive (RMD caused or otherwise; May be more than RMD amount could be required for your lifestyle especially due to inflation).

Consider - having more is OK - tax-deferred or not. Selectively do Roth convert etc - but trying to artificially trimming down (or worried about) a big Tax-deferred thus not warranted.
wrongfunds
Posts: 3187
Joined: Tue Dec 21, 2010 2:55 pm

Re: Share your net worth progression

Post by wrongfunds »

Very few of us on this forum feel that way. I am with you on this. I have accepted the fact that I might end up with higher marginal tax rate after 72 than now but that is a chance I am willing to take as practically speaking I do not see good alternative. But majority do not share this view at all and strongly advice the young ones to NOT make this "costly mistake".

I take solace in that these young ones are NOT yet complaining about 85% of their social security being taxed or 4being in 8.9% spiked marginal tax rate.

But I wonder if the some lament may be displayed here in future when they reach that stage. Knowing human nature, I will NOT be surprised if they would be bitterly complaining, at least on the surface. Most of us forget how fortunate and lucky we are to be able to reach that state.
KNomad
Posts: 69
Joined: Fri Nov 16, 2012 12:25 am
Location: Tetons

Re: Share your net worth progression

Post by KNomad »

KNomad wrote: Wed Dec 18, 2019 2:50 pm 2011- $7k Had a rough start to my career after graduating into the recession in 2008.
2012- $22k
2013- $52k
2014- $96k
2015- $143k
2016- $191k
2017- $300k
2018- $420k
2019- $544k

I'm currently single and 33 years old. 20% of my NW is tied up in cash at the moment, ~35% is tied up in my house and ~45% is in investments. Probably not an ideal setup for growth. I need to decide if I'm going to put more cash into investments or buy a rental property or something.

I feel way behind after the slow start to my career.
Forgot to update at the beginning of the year.

2011- $7k Had a rough start to my career after graduating into the recession in 2008.
2012- $22k
2013- $52k
2014- $96k
2015- $143k
2016- $191k
2017- $300k
2018- $420k
2019- $544k
2020/2021- $840k

I got a promotion and also made some major investment mistakes with my AA. I missed out on a lot of potential gains by playing it safe.

I sold a house though during this crazy real estate market and moved to a lower cost of living mountain town and that helped a lot.

I still have way too much cash.

34 years old, $270k per year income.

No longer single, but no dependants and new GF is luckily compatible from a BH standpoint.
Gearhead84
Posts: 18
Joined: Wed Jul 20, 2016 10:53 am

Re: Share your net worth progression

Post by Gearhead84 »

3/2019 99k
4/2020 163k
3/2021 266k (Age 36)

2019 is an approximation.
66jazzbass
Posts: 12
Joined: Sat Oct 17, 2020 12:30 pm

Re: Share your net worth progression

Post by 66jazzbass »

KNomad wrote: Tue Mar 09, 2021 11:24 am ...
I sold a house though during this crazy real estate market and moved to a lower cost of living mountain town and that helped a lot.

I still have way too much cash.

34 years old, $270k per year income.

No longer single, but no dependants and new GF is luckily compatible from a BH standpoint.
Please tell me what career gets you that income in a mountain town... I’m in!
LateStarter1975
Posts: 775
Joined: Tue Jul 02, 2013 4:50 pm

Re: Share your net worth progression

Post by LateStarter1975 »

Keenobserver wrote: Thu Feb 18, 2021 6:52 am
brian91480 wrote: Fri Feb 12, 2021 8:05 pm I never tracked this. I wish I had.

This thread both depresses me, and also motivates me to do better. I'm at almost $1.1 million at age 40.
Why would you be depressed being a 40 year old Millionaire? This jusy shows how far from the norm Booglehead demographics are. Comparison is the thief of joy. The guy with $ 10 million is floating on clouds when he is amongst regular folks, but when around folks with $50 million plus Networth, he is miserable and depressed. He still.has the same $ 10 million. Its important to connect with regular folks, understand their struggles. Having a few months of expenses is considered a blessing by many. Its good to be motivated, but you will not be happy with $100 Mill if you are comparing yourself to multi billionaires.
+1 Couldn't have said it better. Brian91480, you are superstar to be a millionaire at 40. Please celebrate it!
Debt is dangerous...simple is beautiful
alfaspider
Posts: 4816
Joined: Wed Sep 09, 2015 4:44 pm

Re: Share your net worth progression

Post by alfaspider »

66jazzbass wrote: Tue Mar 09, 2021 11:13 pm
KNomad wrote: Tue Mar 09, 2021 11:24 am ...
I sold a house though during this crazy real estate market and moved to a lower cost of living mountain town and that helped a lot.

I still have way too much cash.

34 years old, $270k per year income.

No longer single, but no dependants and new GF is luckily compatible from a BH standpoint.
Please tell me what career gets you that income in a mountain town... I’m in!
I'm guessing that's a remote work situation.
StartedAt22
Posts: 112
Joined: Sat Mar 06, 2021 9:26 pm
Location: Over Yonder

Re: Share your net worth progression

Post by StartedAt22 »

Year Ending........NW......................Salary
2018...............$48,000.................$48,000 + $2000 bonus
2019...............$92,000.................$52,000 + $2500 bonus
2020...............$149,000...............$71,000 + $6900 bonus
2021(est).........$200,000...............$76,000 + $5000 bonus

*Edit - I did receive $20,000 from from family throughout 2017-2020, which is included in these numbers
Last edited by StartedAt22 on Sat Mar 13, 2021 8:07 am, edited 2 times in total.
A task begun is nearly half complete | Enough is as good as a feast | Risk: Ensure your goals can be met even under worst case scenario and be realistic.
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

StartedAt22 wrote: Fri Mar 12, 2021 5:24 pm Year Ending........NW......................Salary
2018...............$48,000.................$48,000 + $2000 bonus
2019...............$92,000.................$52,000 + $2500 bonus
2020...............$149,000...............$71,000 + $6900 bonus
2021(est).........$200,000...............$76,000 + $5000 bonus
Congratulations! You are doing very well. Keep up the good work.
Bh1984
Posts: 105
Joined: Thu Jun 15, 2017 7:04 am

Re: Share your net worth progression

Post by Bh1984 »

Year - Net Worth - Percentage Growth Over Previous Year - Dollar Growth Over Previous Year - Comments
2001 - ($5,312.51) - Opening Balance - 17 years old bought first Used Car
2002 - ($3,779.67)......+29%........+$1,532.84 Graduated High School & Started University, paid while attending
2003 - ($5,662.71)......-50%........-$1,883.04
2004 - ($4,592.51)......+19%........+$1,070.20
2005 - $4,712.90........+203%.......+$9,305.41
2006 - $9,856.67........+109%.......+$5,143.77
2007 - $28,039.80.......+184%.......+$18,183.13
2008 - $9,590.57........-66%........-$18,449.23 - Home Purchase & Used Car Purchase
2009 - $38,822.13.......+305%.......+$29,231.56
2010 - $87,824.79.......+126%.......+$49,002.66
2011 - $147,684.70......+68%........+$59,859.91
2012 - $217,157.69......+47%........+$69,472.99....Refinanced Mortgage for Lower Interest
2013 - $303,172.66......+40%........+$86,014.97
2014 - $494,035.02......+63%........+$190,862.36
2015 - $634,847.17......+29%........+$140,812.15
2016 - $817,331.51......+29%........+$182,484.34
2017 - $972,371.32......+19%........+$155,039.81....Used Vehicle Purchase SUV
2018 - $1,174,058.76....+21%........+$201,687.44
2019 - $1,516,187.27....+29%........+$342,128.51
2020 - $2,163,822.59....+43%........+$647,635.32....Paid off home mortgage


Currently 36 years old, been self-employed for most my life. Put myself through college. Single, no kids with plans for both in the future. Own my home and two vehicles. The home is factored in the net worth calculation for the purchase price of $230k back in 2008. Cars and other misc things are not valued in the net worth calc such as my business or vehicles. Within 45 minutes of a metro but not in what I would consider a HCOL not in my current neighborhood at least.
grsharky
Posts: 9
Joined: Sat Mar 13, 2021 6:25 am

Re: Share your net worth progression

Post by grsharky »

I've been a long time reader of the forum but had never registered for an account until now, figured I'd jump in! I'm 37 and DW is 32. I'm a teacher and she is a clinical pharmacist in a local hospital. She makes a great deal more than me, but we share all of our accounts and finances. Neither of us have student debt, our mortgage is currently the only debt we have, and we live in a LCOL to MCOL area. I kind of messed around in my 20's and didn't get a full time position until I was 28 due to the recession and changing careers. I'll get a nice pension when I retire, 2.5% multiplier a year and they go off your highest three years of salary, so If I teach for 30 years I can retire with 75% of my highest salaried time. Because of that I didn't get very serious about investing right away, but now I've been making up for lost time. My wife has been putting away for retirement since she was 24 and when she got hired. The only mistake she made was when Brexit was approved several years ago she got spooked and mad her retirement accounts very conservative. After about a year I moved them back to where they should've been all along.

I didn't start keeping track of our net worth until 2018. I made my own little model that actually undercounts our NW. For example I included the debt on our vehicles when we had that, but not the value of the cars because it changed so often. I figured I'd keep it artificially low to keep me chugging along.

December 2018-165K
December 2019-218K
December 2020-315K
March 2021- 330K

So I feel like we're doing well, we're putting away a good amount for retirement, saving for our son's college education, and keeping a healthy emergency fund just in case. I feel like we could be more diligent in our spending and cut out some of the little frivolous things, however we're still doing ok and save a good amount of our income in various ways. I sit down and read the forum every Saturday morning while I'm eating breakfast and it keeps me motivated!
StartedAt22
Posts: 112
Joined: Sat Mar 06, 2021 9:26 pm
Location: Over Yonder

Re: Share your net worth progression

Post by StartedAt22 »

Normchad wrote: Fri Mar 12, 2021 6:29 pm
StartedAt22 wrote: Fri Mar 12, 2021 5:24 pm Year Ending........NW......................Salary
2018...............$48,000.................$48,000 + $2000 bonus
2019...............$92,000.................$52,000 + $2500 bonus
2020...............$149,000...............$71,000 + $6900 bonus
2021(est).........$200,000...............$76,000 + $5000 bonus
Congratulations! You are doing very well. Keep up the good work.
Thanks! I'm going to edit the original to add that I did receive $20,000 in cash throughout these years from family, which makes it less exceptional.
A task begun is nearly half complete | Enough is as good as a feast | Risk: Ensure your goals can be met even under worst case scenario and be realistic.
moximouse
Posts: 16
Joined: Wed Oct 19, 2016 2:32 pm

Re: Share your net worth progression

Post by moximouse »

As a huge nerd, I tracked out my intended savings amounts by year until retirement age, along with an expected conservative return each year, and finally projected net worth each year up until age 65. This helps motivate me and keep me on track- essentially it is the baseline of my budget with savings goals.

The fun part is that my net worth today is where I had hoped to be by the end of 2022.
Action321
Posts: 7
Joined: Mon Oct 19, 2020 8:33 pm

Re: Share your net worth progression

Post by Action321 »

Hi All - first time poster. I'll share my progress so far.


Year-end balance in investments
2001: $0 - Graduated high school.
2002-2011: 0-$20k - Worked a sales job during these years, with no direction in life. Focus was on partying and chasing women.
2012: $60k - Quit job to pursue bachelors degree full time. In addition to the $60k, had $50k in cash.
2013: $60k - Full time student
2014: $41k - Full time student. Ended up spending all my cash on living expenses and began dipping into investments
2015: $50k - First professional job after graduating
2016: $52k - Bought a new car
2017: $111k - I watched "The Retirement Gamble" on PBS which featured Jack Bogle. It led me to discover Vanguard index funds, this
forum, and the FIRE community on Reddit.
2018: $120k
2019: $223k - First time maxing 401k and Roth IRA!
2020: $306k


Near term goal is to hit $500k investments by end of 2024. I'll be 41 years old. You guys think I can do it? :beer
broncocountry25
Posts: 352
Joined: Thu May 18, 2017 11:49 am

Re: Share your net worth progression

Post by broncocountry25 »

2013 (Graduated): Basically zero, cash in an account and student loans from undergrad. Jumped in with a start up (non tech) didn't work got a corp job.
2014: 32K
2015: 97K
2016: 238K
2017: 359K
2018: 468K
2019: 647K
2020: 878K
2021 YTD: 949K

I turn 31 at the end of the month and wanted to see if I broke millionaire status by 30. Didn't hit that but I am grateful that I had the intention and put in the hard work to reach where I am today.

:sharebeer
abeyer
Posts: 7
Joined: Wed Nov 21, 2012 6:50 pm

Re: Share your net worth progression

Post by abeyer »

This is almost mind boggling as we have never imagined posting this would be where we are in our wealth building journey after 10 years of saving.

Year-end balance in net worth:
2011: $20k - Ages 24 and 26, married. Combined income $60k. This was the year we found Bogleheads.
2012: $69k - Quit job to pursue another degree full time. Paid cash for school as we went. Moved in with parents to save extra money.
2013: $107k - Full time student, one spouse employed making $70k. Cash flowed tuition and kept investing.
2014: $147k
2015: $203k - First full time job, now entirely living on one income and saving the rest. Worked on saving for a down payment on our first home. Had first child.
2016: $272k - Bought first home and put 20% down to avoid PMI.
2017: $421k - We did $21k of home renovations and started aggressively paying off our home. Paused maxing out our traditional retirement accounts and kept maxing our Roth’s every year. Thanks to the continued bull market and investing early.
2018: $550k
2019: $671k - Had another baby.
2020: $831k - We paid off our home! Half of our assets in retirement.
2021: $900k (today) - We are 33 and 35 years old.

Near term goal is to hit $1M net worth and $1M in investments.
Last edited by abeyer on Tue Apr 06, 2021 7:50 pm, edited 2 times in total.
User avatar
luminous
Posts: 532
Joined: Sat Dec 30, 2017 9:28 pm

Re: Share your net worth progression

Post by luminous »

Congratulations, great work saving. Keep it up!
67/12/21 US stock/international stock/bonds. Bonds capped at 10x annual spending. Semi-retired as of 2022.
tryingtogetahead
Posts: 153
Joined: Tue Apr 07, 2020 11:45 am

Re: Share your net worth progression

Post by tryingtogetahead »

tryingtogetahead wrote: Sat Jul 25, 2020 8:23 am
ymmt wrote: Sat Jul 25, 2020 8:13 am
azianbob wrote: Sat Jul 25, 2020 12:22 am
tryingtogetahead wrote: Sun Jun 28, 2020 7:21 am Age: 37, DW 36, no children yet

August 2007: ($75k) (graduated from school with $150k of student loan debt (included in this NW figure) and $72k starting salary)
2008: ($58k) (salary increased to $160k; bought condo for $500k)
2009: $0
2010: $182k
2011: $238k
2012: $381k (salary increased to $250k; married DW)
2013: $660k (sold condo and bought SF home for $700k)
2014: $900k
2015: $1mm (foolishly bought luxury car for $83k)
2016: $1.3mm (bought $800k rental property)
2017: $1.7mm
2018: $2.1mm (bought $350k rental property)
2019: $2.5mm
June 2020: $3mm (household income $520k and expenses $60k)

On target to reach approximately $4.4mm by age 40, $8.5mm by age 45, $14mm by age 50, and $24mm by age 55, assuming 4% annual salary increases, 7% annual stock market returns, and 2% annual RE returns.

We do not have any financial targets per se. We just plan to keep going and see how high we can go. We are considering inflating our lifestyle with a $2mm home and $65k car but still unclear at this point if we will pull the trigger.
How were you able to go from a 72k salary to 160k after one year of experience? Then jump to 250k in 4 years? Is it your industry or did you change careers?

I feel you are doing great (very few people can say they have $3m at age 37), but when you consider you have net income of $480k a year, it feels like you should have more haha.
I'm around the same age/progress at the poster above, but have multiples higher expenses because of children and a home in a VHCOL area. I can't even imagine getting by on only $5k a month, my mortgage alone is beyond that.

Looks like the poster went to graduate school, so the salary progression can balloon quite aggressively. To your point on why he doesn't have more, it takes a while to get to the higher income level and build net worth. The growth the past 2 years seems pretty consistent with the household income.

To tryingtogetahead: You're doing great. Some things that may be helpful:
- don't overextend to a more lavish lifestyle if you don't need to. Owning a more expensive house comes with a LOT of other expenses, some I anticipated and others I did not.
- Kid's a stupid expensive, especially in HCOL areas. My daycare costs are more than most peoples' mortgage payments. It sounds like your and your wife are very career oriented people, but also know this: having kids late is not easy either; if you really want them, you should probably be ahead of the curve and try early.
Ymmt — You hit the nail on the head. The reason why my first year income out of school was lower was b/c I participated in a special one-year program that was prestigious in my field but paid lower. After that, my income just steadily rose as part of a planned / set comp program. My household income then rose again when marrying. You say you’re at the same age and progress but have higher expenses? How were you able to get to $3mm at my age with much higher expenses? Was it higher income? I do enjoy life and travel, etc but I have had to be pretty disciplined even with a solid income and have consistently paid down debt and invested to get where I am now. Just curious to get your feedback.
9 months later and my NW has increased from 3mm to 4.35mm. What a great year for the market and I was far from aggressive.
Jimsad
Posts: 935
Joined: Mon Mar 20, 2017 5:54 pm

Re: Share your net worth progression

Post by Jimsad »

tryingtogetahead wrote: Tue Apr 13, 2021 12:32 am
tryingtogetahead wrote: Sat Jul 25, 2020 8:23 am
ymmt wrote: Sat Jul 25, 2020 8:13 am
azianbob wrote: Sat Jul 25, 2020 12:22 am
tryingtogetahead wrote: Sun Jun 28, 2020 7:21 am Age: 37, DW 36, no children yet

August 2007: ($75k) (graduated from school with $150k of student loan debt (included in this NW figure) and $72k starting salary)
2008: ($58k) (salary increased to $160k; bought condo for $500k)
2009: $0
2010: $182k
2011: $238k
2012: $381k (salary increased to $250k; married DW)
2013: $660k (sold condo and bought SF home for $700k)
2014: $900k
2015: $1mm (foolishly bought luxury car for $83k)
2016: $1.3mm (bought $800k rental property)
2017: $1.7mm
2018: $2.1mm (bought $350k rental property)
2019: $2.5mm
June 2020: $3mm (household income $520k and expenses $60k)

On target to reach approximately $4.4mm by age 40, $8.5mm by age 45, $14mm by age 50, and $24mm by age 55, assuming 4% annual salary increases, 7% annual stock market returns, and 2% annual RE returns.

We do not have any financial targets per se. We just plan to keep going and see how high we can go. We are considering inflating our lifestyle with a $2mm home and $65k car but still unclear at this point if we will pull the trigger.
How were you able to go from a 72k salary to 160k after one year of experience? Then jump to 250k in 4 years? Is it your industry or did you change careers?

I feel you are doing great (very few people can say they have $3m at age 37), but when you consider you have net income of $480k a year, it feels like you should have more haha.
I'm around the same age/progress at the poster above, but have multiples higher expenses because of children and a home in a VHCOL area. I can't even imagine getting by on only $5k a month, my mortgage alone is beyond that.

Looks like the poster went to graduate school, so the salary progression can balloon quite aggressively. To your point on why he doesn't have more, it takes a while to get to the higher income level and build net worth. The growth the past 2 years seems pretty consistent with the household income.

To tryingtogetahead: You're doing great. Some things that may be helpful:
- don't overextend to a more lavish lifestyle if you don't need to. Owning a more expensive house comes with a LOT of other expenses, some I anticipated and others I did not.
- Kid's a stupid expensive, especially in HCOL areas. My daycare costs are more than most peoples' mortgage payments. It sounds like your and your wife are very career oriented people, but also know this: having kids late is not easy either; if you really want them, you should probably be ahead of the curve and try early.
Ymmt — You hit the nail on the head. The reason why my first year income out of school was lower was b/c I participated in a special one-year program that was prestigious in my field but paid lower. After that, my income just steadily rose as part of a planned / set comp program. My household income then rose again when marrying. You say you’re at the same age and progress but have higher expenses? How were you able to get to $3mm at my age with much higher expenses? Was it higher income? I do enjoy life and travel, etc but I have had to be pretty disciplined even with a solid income and have consistently paid down debt and invested to get where I am now. Just curious to get your feedback.
9 months later and my NW has increased from 3mm to 4.35mm. What a great year for the market and I was far from aggressive.
You are doing great .
But I can’t help feeling you are too focused on acheiving a ‘big number ‘
You should probably let loose the reins a little , have kids etc.
Having a luxury car is not ‘foolish’ for some one with your means
JHU ALmuni
Posts: 347
Joined: Tue Jan 20, 2015 11:40 am

Re: Share your net worth progression

Post by JHU ALmuni »

Usually I don't track my NW monthly but things lately started to move fast:

June 2020: $208K
July 2020: $210K
Aug 2020: $235K
Sep 2020: $239K
Oct 2020: $252K
Nov 2020: $273K
Dec 2020: $350K
Jan 2021: $425K
Feb 2021: $496K
March 2021: $596K
Today: $700K

Thanks to Bitcoin and other cryptocurrencies!
:sharebeer
User avatar
Eschew_Obfuscation
Posts: 53
Joined: Tue Dec 29, 2020 6:15 am
Location: Middle of an Existential Crisis

Re: Share your net worth progression

Post by Eschew_Obfuscation »

JHU ALmuni wrote: Tue Apr 13, 2021 1:08 pm Usually I don't track my NW monthly but things lately started to move fast:

June 2020: $208K
July 2020: $210K
Aug 2020: $235K
Sep 2020: $239K
Oct 2020: $252K
Nov 2020: $273K
Dec 2020: $350K
Jan 2021: $425K
Feb 2021: $496K
March 2021: $596K
Today: $700K

Thanks to Bitcoin and other cryptocurrencies!
:sharebeer
Oh wow. Happy for you. I bet that's been an emotional rollercoaster!
"But I confess that half the time I worry that I have too much in equities, and the other half of the time that I don't have enough in equities." John Bogle
hi_there
Posts: 1182
Joined: Sat Aug 29, 2020 7:00 pm

Re: Share your net worth progression

Post by hi_there »

I hit $8 million today, age 36. I'm still unemployed, by the way...
jarjarM
Posts: 2511
Joined: Mon Jul 16, 2018 1:21 pm

Re: Share your net worth progression

Post by jarjarM »

hi_there wrote: Tue Apr 13, 2021 9:43 pm I hit $8 million today, age 36. I'm still unemployed, by the way...
Congrats, now you just have to decide what your label should be? FAT fire, unemployed, permanently unemployed, or just plain old retired. Either way :beer
5280Tim
Posts: 212
Joined: Wed Jul 26, 2017 9:33 pm

Re: Share your net worth progression

Post by 5280Tim »

jarjarM wrote: Tue Apr 13, 2021 9:49 pm
hi_there wrote: Tue Apr 13, 2021 9:43 pm I hit $8 million today, age 36. I'm still unemployed, by the way...
Congrats, now you just have to decide what your label should be? FAT fire, unemployed, permanently unemployed, or just plain old retired. Either way :beer
Funemployed.
l1am
Posts: 438
Joined: Wed Mar 02, 2016 1:27 pm

Re: Share your net worth progression

Post by l1am »

Jimsad wrote: Tue Apr 13, 2021 6:14 am You are doing great .
But I can’t help feeling you are too focused on acheiving a ‘big number ‘
You should probably let loose the reins a little , have kids etc.
Having a luxury car is not ‘foolish’ for some one with your means
+1, distinctly got the same impression. Although maybe he can clarify why he wants $50M NW, maybe it's for philanthropy or something?
dink2win
Posts: 527
Joined: Tue Jan 15, 2019 5:53 pm

Re: Share your net worth progression

Post by dink2win »

I don't think people should be depressed by how much NW they have compared to others based on age. Rather, NW should be compared by percentage of income.

If one guy is 40 and makes 70k a year and another guy is 40 and makes 500k a year, lets say the 70k salary person has a NW of 1M, the 500k salary person has a NW of 5M.

On first glance yeah the $1M guy might feel bad hey this other guy is the same age as me but has 5 times bigger NW.

But when you factor in income, then the $1M guy has massed 15 times his salary in NW, which the $5M guy has only amassed 10 times his salary. So the 70k guy is actually doing better, relatively speaking.

There are a lot of people who have put in a lot of effort in creating their business or going through schooling and becoming lawyers doctors etc to have very high incomes. I'm not taking anything away from them, much respect to you guys working hard and becoming successful. But I also don't think someone who is making 70k should feel bad their NW is so much smaller than someone else who is the same age, if the other person has income that is much larger. Rather than having an arbitrary number per ago (i.e. $1M by 40) it should be more some sort of factor (3X salary by 30, 7X Salary by 40, etc). That will make it so people have a more realistic view of where they would be and compared to. It would also make it easier for them to reach goals and be self-satisfied.

Also, there are people who take risks and put all their money in Tesla or Bitcoin, then their NW would of jumped up a lot vs the majority of bogleheads who put it into index funds. Or people who got inheritances or won the lotto. I mean its nice they got breaks or rewarded for their risks but it shouldn't be something that is considered the norm the average person should compare themselves to.

That being said, great job to everyone on the thread! As long as the NW keeps increasing over time that's the ultimate goal we all strive for.
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