Share your net worth progression

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Financologist
Posts: 390
Joined: Wed Jan 01, 2020 10:16 pm

Re: Share your net worth progression

Post by Financologist »

sjl333 wrote: Mon Oct 25, 2021 5:54 pm
000 wrote: Mon Oct 25, 2021 5:49 pm
sjl333 wrote: Sat Oct 23, 2021 2:17 pm
ray.james wrote: Sat Oct 23, 2021 12:58 pm
sjl333 wrote: Sat Oct 23, 2021 10:43 am Just crossed back over one million, holding 1110 shares of tesla :sharebeer

(age, networth, salary)

Age 22 -120K 65K
Age 32 1.01 million 400K+

(crossed over 1.5 mill. earlier this year but lost 750K, climbed my way back up to 1.00 mill, holding TSLA long until 2030!)
Why not diversify half, if that is your entire net worth?
No need - research indicates TSLA will dominate (barring any macro collapse and unfair policies from the administration, even if there is a macro collapse still plan on holding all TSLA). still high risk due to execution risk as well (can they really deliver on FSD and can they ramp up to 5-10 million cars in the next 5 years). We shall see.
Do you have a plan if it drops or just keep hodling?
Hodling until minimum 2030. Tesla is and will become a bigger juggernaut.
Bigger does not always translate to higher value
Financologist
Vihoo
Posts: 91
Joined: Wed Jun 05, 2019 11:48 pm

Re: Share your net worth progression

Post by Vihoo »

Vihoo wrote: Fri Jan 01, 2021 12:23 am
Dual income, 1 kid, VHCOL

Age - Month Year: $NW (% Change y/o/y); Big Change

30 - Dec 2016: -$16k; 1st rental property
31 - Dec 2017: $90k; 2nd rental, 1st child
32 - Dec 2018: $178k (+97%); 3rd rental, Maxing 401ks
33 - Dec 2019: $442k (+148%); 4th rental, Bought $TSLA
34 - Dec 2020: $776k (+75%); Bought primary

New (reach) target!
35 - Dec 2021: $1.2m (+54%); 2nd child
Update: REACH TARGET(S) HIT!
35 - Oct 2021: $1.2m (+54%); 2nd child; sold a rental, $TSLA on fire
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vgc303
Posts: 85
Joined: Mon Sep 21, 2020 1:06 pm

Re: Share your net worth progression

Post by vgc303 »

Only started tracking net worth back in February 2021, so not much history to post, but we did cross a huge milestone this month :D :D

Feb 2021: $801,081 NW
End of Oct 2021: $1,045,687 NW

2 comma club baby! What a year it's been for the SP500 and housing market.
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Smartbutnotenough
Posts: 37
Joined: Wed Feb 17, 2021 8:16 pm

Re: Share your net worth progression

Post by Smartbutnotenough »

  • This thread definitely helps keep me humble and motivated to reach my goals.
  • I tracked our NW through personal capital starting 2014 but then got frustrated with how limited their platform was and started tracking it myself on a bi-weekly basis in March 2021 on Google docs.
  • Hope to reach $3M by EoY, real estate, crypto, Tesla and VGT, S&P500 all on fire
  • Have not included our international holdings in my NW currently
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LadyGeek
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Re: Share your net worth progression

Post by LadyGeek »

vgc303 wrote: Fri Oct 29, 2021 9:27 pm Only started tracking net worth back in February 2021, so not much history to post, but we did cross a huge milestone this month :D :D

Feb 2021: $801,081 NW
End of Oct 2021: $1,045,687 NW

2 comma club baby! What a year it's been for the SP500 and housing market.
We have a thread for that: Post your Financial Milestone Announcements Here
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.
tim1999
Posts: 4205
Joined: Tue Dec 16, 2008 6:16 am

Re: Share your net worth progression

Post by tim1999 »

As someone who has never owned TSLA or crypto, has never worked in tech, has never had a job with stock options/awards, has always had a conservative asset allocation, and has never earned more than 110k/year from my job, I'm not going to embarrass myself by posting my numbers in this thread. Reading the rest of these posts makes me feel pathetic, like I made all the wrong decisions.
csmath
Posts: 826
Joined: Sat Oct 13, 2018 11:32 am

Re: Share your net worth progression

Post by csmath »

WhiteMaxima wrote: Fri Oct 29, 2021 1:06 pm
Keenobserver wrote: Thu Oct 28, 2021 2:36 pm
WhiteMaxima wrote: Fri Oct 22, 2021 12:57 pm My net worth is my personal matter. Won't share.
The why share that you drive a white maxima? Weird.
Who drives a white maxima? Weird.
WhiteMaxima wrote: Tue Jul 05, 2016 12:35 pm 1995 Nissan Maxima. 5MT VQ3.0 Engine Ward 10 best engine
1993 Geo prizm lsi (Toyota corolla clone), 5MT, very reliable, very easy to work on.
I'd Imagine that would be so 1990's!
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Wricha
Posts: 1014
Joined: Sun Mar 25, 2012 10:33 am

Re: Share your net worth progression

Post by Wricha »

tim1999 wrote: Sat Oct 30, 2021 2:25 pm As someone who has never owned TSLA or crypto, has never worked in tech, has never had a job with stock options/awards, has always had a conservative asset allocation, and has never earned more than 110k/year from my job, I'm not going to embarrass myself by posting my numbers in this thread. Reading the rest of these posts makes me feel pathetic, like I made all the wrong decisions.
"Whiles I am a beggar, I will rail and say there is no sin but to be rich; and being rich, my virtue then shall be to say there is no vice but beggary." Bill Shakespeare
regularguy455
Posts: 487
Joined: Tue Jul 18, 2017 2:08 pm

Re: Share your net worth progression

Post by regularguy455 »

tim1999 wrote: Sat Oct 30, 2021 2:25 pm As someone who has never owned TSLA or crypto, has never worked in tech, has never had a job with stock options/awards, has always had a conservative asset allocation, and has never earned more than 110k/year from my job, I'm not going to embarrass myself by posting my numbers in this thread. Reading the rest of these posts makes me feel pathetic, like I made all the wrong decisions.
This forum, and this thread specifically, is extremely biased. It is not representative of the population in the US.
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

regularguy455 wrote: Sat Oct 30, 2021 5:34 pm
tim1999 wrote: Sat Oct 30, 2021 2:25 pm As someone who has never owned TSLA or crypto, has never worked in tech, has never had a job with stock options/awards, has always had a conservative asset allocation, and has never earned more than 110k/year from my job, I'm not going to embarrass myself by posting my numbers in this thread. Reading the rest of these posts makes me feel pathetic, like I made all the wrong decisions.
This forum, and this thread specifically, is extremely biased. It is not representative of the population in the US.
This is very true. And sometimes it’s easy to forget.

If you make 110K/yr and invest consistently, and follow BH principles, you’ll be amazed at what happens 30 years down the road. It works, but it takes time.

Best of luck!
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

regularguy455 wrote: Sat Oct 30, 2021 5:34 pm
tim1999 wrote: Sat Oct 30, 2021 2:25 pm As someone who has never owned TSLA or crypto, has never worked in tech, has never had a job with stock options/awards, has always had a conservative asset allocation, and has never earned more than 110k/year from my job, I'm not going to embarrass myself by posting my numbers in this thread. Reading the rest of these posts makes me feel pathetic, like I made all the wrong decisions.
This forum, and this thread specifically, is extremely biased. It is not representative of the population in the US.
This is very true. And sometimes it’s easy to forget.

If you make 110K/yr and invest consistently, and follow BH principles, you’ll be amazed at what happens 30 years down the road. It works, but it takes time.

Best of luck!
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AnnetteLouisan
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Location: New York, NY

Re: Share your net worth progression

Post by AnnetteLouisan »

regularguy455 wrote: Sat Oct 30, 2021 5:34 pm
tim1999 wrote: Sat Oct 30, 2021 2:25 pm As someone who has never owned TSLA or crypto, has never worked in tech, has never had a job with stock options/awards, has always had a conservative asset allocation, and has never earned more than 110k/year from my job, I'm not going to embarrass myself by posting my numbers in this thread. Reading the rest of these posts makes me feel pathetic, like I made all the wrong decisions.
This forum, and this thread specifically, is extremely biased. It is not representative of the population in the US.
Similar here. I thought I was a secret financial mastermind and rich as Croesus until I got here 😂but ITS FINE and I’m fine. I’m learning a lot and hey I may even set my goal at 4 mil before I’m through here! Up from $ 2.2.

remember Arnold Schwarzenegger didn’t truly achieve greatness until he was humiliated at an international competition and realized how he needed to improve.

Let’s look at it this way: throughout most of history, most folks didn’t get a chance to interact with such financially astute people, much less a lot of them, and even less to be informally advised by them, without putting on a tux, and for free!! This is beyond amazing so I say THANK YOU!! to the commenters, the donors, Jack Bogle, his foundation, and everyone who makes this possible!! Tim1999 and I are going to be crushing our goals within five years, if not sooner.
Last edited by AnnetteLouisan on Sat Oct 30, 2021 5:55 pm, edited 7 times in total.
lostdog
Posts: 5368
Joined: Thu Feb 04, 2016 1:15 pm

Re: Share your net worth progression

Post by lostdog »

tim1999 wrote: Sat Oct 30, 2021 2:25 pm As someone who has never owned TSLA or crypto, has never worked in tech, has never had a job with stock options/awards, has always had a conservative asset allocation, and has never earned more than 110k/year from my job, I'm not going to embarrass myself by posting my numbers in this thread. Reading the rest of these posts makes me feel pathetic, like I made all the wrong decisions.
Don't feel pathetic. Most of these multi million dollar posts are not the real world. Mainly 1%ers .

The median retirement savings in the USA for a 60 year old is around $160,000.
Stocks-80% || Bonds-20% || Taxable-VTI/VXUS || IRA-VT/BNDW
kleiner
Posts: 346
Joined: Tue Jun 02, 2020 8:45 am

Re: Share your net worth progression

Post by kleiner »

kleiner wrote: Tue Jun 02, 2020 8:54 am Hi Everyone, I just joined this forum so I thought I would begin with a rough view of our progression in our invested net worth.

December 2005 $604,000
Nov 2006 $760,000
May 2009 $873,000
December 2010 $1,150,000
Currently $4,700,000

I started work in the early 1990s but I don't have the numbers for our our early years of employment unfortunately. In addition to the above, we also have pensions and our house is paid off.

My wife and I have been working for almost thirty years in well-paid jobs, me in tech and wife in healthcare. However, we have also been low spenders. We have one modest house and two fully paid-for cars.
An update: Our household net worth is over $6,200,000 !

I retired at the end of 2020 but my wife is still working so this is the result of wife's salary, some of her RSU's vesting and market appreciation. This despite spending a lot on home renovation, a new car and first semester of college for my younger daughter.
Keenobserver
Posts: 1043
Joined: Thu Aug 13, 2015 1:05 pm

Re: Share your net worth progression

Post by Keenobserver »

WhiteMaxima wrote: Fri Oct 29, 2021 1:06 pm
Keenobserver wrote: Thu Oct 28, 2021 2:36 pm
WhiteMaxima wrote: Fri Oct 22, 2021 12:57 pm My net worth is my personal matter. Won't share.
The why share that you drive a white maxima? Weird.
Who drives a white maxima? Weird.
Weird. Who drives a maxima, that too white? Weird.
User avatar
FlatSix
Posts: 331
Joined: Thu Jan 16, 2020 8:37 pm

Re: Share your net worth progression

Post by FlatSix »

I know the stock market must be doing alright when I see this thread active again.

7/2018: -175k (31yo, student loans, finished fellowship)
11/2019: 370k
11/2020: 838k
11/2021: 1.75M (portfolio is 1.4M, 225k is home equity)

AA: Portfolio is 90/10, with 20% of equities in international. Three fund approach. We save about 50% of our gross income and I'm am happy with our progress. Able to save more as my practice has picked up year over year. Likely hitting my income ceiling soon, if I haven't already.
Robdac
Posts: 154
Joined: Tue Aug 06, 2019 3:23 pm

Re: Share your net worth progression

Post by Robdac »

calvin+hobbes wrote: Sun Oct 31, 2021 8:06 pm I know the stock market must be doing alright when I see this thread active again.
We may have a whole new Boglehead philosophy here! Predicting market tops based on the activity of this thread! :D
biscuit
Posts: 109
Joined: Thu Dec 12, 2013 12:33 pm

Re: Share your net worth progression

Post by biscuit »

2017: $611K
2018: $840K
2019: $1.13M
2020: $1.85M
2021: $2.6M

Age: 41/37; 2 kids: early elementary kids
Income range: $230 to $330K/yr

Both spouse and I are frugal and have very similar mindset with money. We have 15 year old cars and planning to run them to the ground. We really want to upgrade our house, but the market is insane. So holding off on that purchase. Current house: $430K; Hoping to purchase something for less than $700K soon.

So thankful for everything as I grew up poor and still have issues with spending money.
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

biscuit wrote: Mon Nov 01, 2021 4:39 pm 2017: $611K
2018: $840K
2019: $1.13M
2020: $1.85M
2021: $2.6M

Age: 41/37; 2 kids: early elementary kids
Income range: $230 to $330K/yr

Both spouse and I are frugal and have very similar mindset with money. We have 15 year old cars and planning to run them to the ground. We really want to upgrade our house, but the market is insane. So holding off on that purchase. Current house: $430K; Hoping to purchase something for less than $700K soon.

So thankful for everything as I grew up poor and still have issues with spending money.
You take riding the gravy train with Biscuit wheels! Congrats!
Independent George
Posts: 1593
Joined: Wed Feb 17, 2016 11:13 am
Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

tim1999 wrote: Sat Oct 30, 2021 2:25 pm As someone who has never owned TSLA or crypto, has never worked in tech, has never had a job with stock options/awards, has always had a conservative asset allocation, and has never earned more than 110k/year from my job, I'm not going to embarrass myself by posting my numbers in this thread. Reading the rest of these posts makes me feel pathetic, like I made all the wrong decisions.
Don't be; there are plenty of modest earners here who've also been steadily accumulating assets over time and built wealth, even they never attain the eight-figure results others have. Here's my last report, which I'll update again in January.
pasadena
Posts: 2337
Joined: Sat Jul 02, 2016 1:23 am
Location: PNW

Re: Share your net worth progression

Post by pasadena »

pasadena wrote: Thu Dec 31, 2020 7:26 pm Assets are 100% financial (I'm a renter).

31/12/2011 - 6k€ - 37 yo
31/12/2012 - $(15k) - Moved to the US. Bought a $20k car financed by a 0% employer loan, and spent the 6k€ on home country income taxes for 2011.
31/12/2014 - $52k
31/12/2015 - $93k - Car and relocation loans paid off in February. Opened first Roth IRA.
31/12/2016 - $164k - Started maxing out 401(k), Opened first brokerage account.
31/12/2017 - $251k
31/12/2018 - $330k - Nice retention bonus from ex-employer
31/12/2019 - $519k - New job with mega backdoor Roth, Pension lump-sum from ex-employer in January ($70k)
31/12/2020 - $715k - 46 yo. Bought a car with a loan

All in all a very good year, from a NW point of view. My goal is to retire a 55-56 if I'm lucky, before 60 max.
I wasn't supposed to update this thread until January, but I want to mark the milestone, as I hit the $1M mark yesterday. It's on very shaky legs, but it's there :)
jarjarM
Posts: 2511
Joined: Mon Jul 16, 2018 1:21 pm

Re: Share your net worth progression

Post by jarjarM »

pasadena wrote: Thu Nov 04, 2021 12:20 pm
pasadena wrote: Thu Dec 31, 2020 7:26 pm Assets are 100% financial (I'm a renter).

31/12/2011 - 6k€ - 37 yo
31/12/2012 - $(15k) - Moved to the US. Bought a $20k car financed by a 0% employer loan, and spent the 6k€ on home country income taxes for 2011.
31/12/2014 - $52k
31/12/2015 - $93k - Car and relocation loans paid off in February. Opened first Roth IRA.
31/12/2016 - $164k - Started maxing out 401(k), Opened first brokerage account.
31/12/2017 - $251k
31/12/2018 - $330k - Nice retention bonus from ex-employer
31/12/2019 - $519k - New job with mega backdoor Roth, Pension lump-sum from ex-employer in January ($70k)
31/12/2020 - $715k - 46 yo. Bought a car with a loan

All in all a very good year, from a NW point of view. My goal is to retire a 55-56 if I'm lucky, before 60 max.
I wasn't supposed to update this thread until January, but I want to mark the milestone, as I hit the $1M mark yesterday. It's on very shaky legs, but it's there :)
Congrats :beer
pasadena
Posts: 2337
Joined: Sat Jul 02, 2016 1:23 am
Location: PNW

Re: Share your net worth progression

Post by pasadena »

jarjarM wrote: Thu Nov 04, 2021 12:28 pm
pasadena wrote: Thu Nov 04, 2021 12:20 pm
pasadena wrote: Thu Dec 31, 2020 7:26 pm Assets are 100% financial (I'm a renter).

31/12/2011 - 6k€ - 37 yo
31/12/2012 - $(15k) - Moved to the US. Bought a $20k car financed by a 0% employer loan, and spent the 6k€ on home country income taxes for 2011.
31/12/2014 - $52k
31/12/2015 - $93k - Car and relocation loans paid off in February. Opened first Roth IRA.
31/12/2016 - $164k - Started maxing out 401(k), Opened first brokerage account.
31/12/2017 - $251k
31/12/2018 - $330k - Nice retention bonus from ex-employer
31/12/2019 - $519k - New job with mega backdoor Roth, Pension lump-sum from ex-employer in January ($70k)
31/12/2020 - $715k - 46 yo. Bought a car with a loan

All in all a very good year, from a NW point of view. My goal is to retire a 55-56 if I'm lucky, before 60 max.
I wasn't supposed to update this thread until January, but I want to mark the milestone, as I hit the $1M mark yesterday. It's on very shaky legs, but it's there :)
Congrats :beer
Thank you :)
SeaToTheBay
Posts: 228
Joined: Thu Jun 08, 2017 6:11 pm

Re: Share your net worth progression

Post by SeaToTheBay »

SeaToTheBay wrote: Thu Jan 02, 2020 11:15 am 2006: 47k. Graduated college, bought condo 50/50 with parents (bad timing, good location - still have it and renting out). Had saved all money from birthdays, Christmas, etc. since I was 5, mutual fund since 10, usually $300/mo from HS/college side jobs into a Roth IRA. My parents set me up well with regards to a saving mindset! :)
2007: 81k (age 23, first full year of employment, four-figure college debt due to parents' help, working during college, and low in-state tuition)
2008: 89k (saved 39k and lost 40k in investments... like pouring water into a strainer :x )
2009: 109k
2010: 164k
2011: 157k (started full-time MBA)
2012: 72k
mid-2013: 56k (graduated MBA along with now-wife, started work again, 110k in student loans :| )
2013: 95k
2014: 161k
2015: 270k single / 432k married :D
2016: 657k married (bought townhouse in HCOL area)
2017: 1,125k, finished paying off student loans
2018: 1,434k
2019: 1,818k
2020: 2,190
11/4/21: 3,010
Updated for 2020 and milestone hit today. Took exactly 1 year and 1 day to go from $2M to $3M. Incredibly thankful.
jarjarM
Posts: 2511
Joined: Mon Jul 16, 2018 1:21 pm

Re: Share your net worth progression

Post by jarjarM »

SeaToTheBay wrote: Thu Nov 04, 2021 5:34 pm
SeaToTheBay wrote: Thu Jan 02, 2020 11:15 am 2006: 47k. Graduated college, bought condo 50/50 with parents (bad timing, good location - still have it and renting out). Had saved all money from birthdays, Christmas, etc. since I was 5, mutual fund since 10, usually $300/mo from HS/college side jobs into a Roth IRA. My parents set me up well with regards to a saving mindset! :)
2007: 81k (age 23, first full year of employment, four-figure college debt due to parents' help, working during college, and low in-state tuition)
2008: 89k (saved 39k and lost 40k in investments... like pouring water into a strainer :x )
2009: 109k
2010: 164k
2011: 157k (started full-time MBA)
2012: 72k
mid-2013: 56k (graduated MBA along with now-wife, started work again, 110k in student loans :| )
2013: 95k
2014: 161k
2015: 270k single / 432k married :D
2016: 657k married (bought townhouse in HCOL area)
2017: 1,125k, finished paying off student loans
2018: 1,434k
2019: 1,818k
2020: 2,190
11/4/21: 3,010
Updated for 2020 and milestone hit today. Took exactly 1 year and 1 day to go from $2M to $3M. Incredibly thankful.
Congrats, healthy market return helps us all :beer
Marseille07
Posts: 16054
Joined: Fri Nov 06, 2020 12:41 pm

Re: Share your net worth progression

Post by Marseille07 »

SeaToTheBay wrote: Thu Nov 04, 2021 5:34 pm
SeaToTheBay wrote: Thu Jan 02, 2020 11:15 am 2006: 47k. Graduated college, bought condo 50/50 with parents (bad timing, good location - still have it and renting out). Had saved all money from birthdays, Christmas, etc. since I was 5, mutual fund since 10, usually $300/mo from HS/college side jobs into a Roth IRA. My parents set me up well with regards to a saving mindset! :)
2007: 81k (age 23, first full year of employment, four-figure college debt due to parents' help, working during college, and low in-state tuition)
2008: 89k (saved 39k and lost 40k in investments... like pouring water into a strainer :x )
2009: 109k
2010: 164k
2011: 157k (started full-time MBA)
2012: 72k
mid-2013: 56k (graduated MBA along with now-wife, started work again, 110k in student loans :| )
2013: 95k
2014: 161k
2015: 270k single / 432k married :D
2016: 657k married (bought townhouse in HCOL area)
2017: 1,125k, finished paying off student loans
2018: 1,434k
2019: 1,818k
2020: 2,190
11/4/21: 3,010
Updated for 2020 and milestone hit today. Took exactly 1 year and 1 day to go from $2M to $3M. Incredibly thankful.
What were your investments? Markets are certainly good but not 60% good...
SeaToTheBay
Posts: 228
Joined: Thu Jun 08, 2017 6:11 pm

Re: Share your net worth progression

Post by SeaToTheBay »

Marseille07 wrote: Thu Nov 04, 2021 6:15 pm
SeaToTheBay wrote: Thu Nov 04, 2021 5:34 pm
SeaToTheBay wrote: Thu Jan 02, 2020 11:15 am 2006: 47k. Graduated college, bought condo 50/50 with parents (bad timing, good location - still have it and renting out). Had saved all money from birthdays, Christmas, etc. since I was 5, mutual fund since 10, usually $300/mo from HS/college side jobs into a Roth IRA. My parents set me up well with regards to a saving mindset! :)
2007: 81k (age 23, first full year of employment, four-figure college debt due to parents' help, working during college, and low in-state tuition)
2008: 89k (saved 39k and lost 40k in investments... like pouring water into a strainer :x )
2009: 109k
2010: 164k
2011: 157k (started full-time MBA)
2012: 72k
mid-2013: 56k (graduated MBA along with now-wife, started work again, 110k in student loans :| )
2013: 95k
2014: 161k
2015: 270k single / 432k married :D
2016: 657k married (bought townhouse in HCOL area)
2017: 1,125k, finished paying off student loans
2018: 1,434k
2019: 1,818k
2020: 2,190
11/4/21: 3,010
Updated for 2020 and milestone hit today. Took exactly 1 year and 1 day to go from $2M to $3M. Incredibly thankful.
What were your investments? Markets are certainly good but not 60% good...
Wife's compensation has grown esp. the last couple of years, though this was hidden a bit in 2020 by some missteps I took in trying to time the market (didn't learn my lesson from this board - it was more an issue of over-allocating on bonds vs. equities). A growing part of her pay is in company stock (large tech company) which has done very well this year. We are switching to quick-sale for future vests because that stock has grown to be too large a part of our portfolio. Overall we are set to save about 47% of our gross pay this year or 2.1x after-tax expenses.

Beyond that, I am in all index funds for 401k, some individual stocks/ETFs/REITs and PSLDX in IRAs, and for a chunk of taxable I have been working on a strategy with leveraged ETFs that has done quite well, but does create a lot of ST gains (on the plus side, much of the time like right now it is sitting in a large amount of cash). We also own our home which has kicked in just over $100k in appreciation this year.

Yes, not very Bogleheadish on the taxable incl. wife's RSUs, but with the goal of FIRE we are trying to be indexed in the retirement accounts and take the risks in taxable. It has paid off well this year but I know that may not continue and am comfortable with that. I am reinvesting the profits from my leveraged ETF strategy back into index funds FWIW as I don't want to significantly grow that portion.
Marseille07
Posts: 16054
Joined: Fri Nov 06, 2020 12:41 pm

Re: Share your net worth progression

Post by Marseille07 »

SeaToTheBay wrote: Thu Nov 04, 2021 6:58 pm
Marseille07 wrote: Thu Nov 04, 2021 6:15 pm
SeaToTheBay wrote: Thu Nov 04, 2021 5:34 pm
SeaToTheBay wrote: Thu Jan 02, 2020 11:15 am 2006: 47k. Graduated college, bought condo 50/50 with parents (bad timing, good location - still have it and renting out). Had saved all money from birthdays, Christmas, etc. since I was 5, mutual fund since 10, usually $300/mo from HS/college side jobs into a Roth IRA. My parents set me up well with regards to a saving mindset! :)
2007: 81k (age 23, first full year of employment, four-figure college debt due to parents' help, working during college, and low in-state tuition)
2008: 89k (saved 39k and lost 40k in investments... like pouring water into a strainer :x )
2009: 109k
2010: 164k
2011: 157k (started full-time MBA)
2012: 72k
mid-2013: 56k (graduated MBA along with now-wife, started work again, 110k in student loans :| )
2013: 95k
2014: 161k
2015: 270k single / 432k married :D
2016: 657k married (bought townhouse in HCOL area)
2017: 1,125k, finished paying off student loans
2018: 1,434k
2019: 1,818k
2020: 2,190
11/4/21: 3,010
Updated for 2020 and milestone hit today. Took exactly 1 year and 1 day to go from $2M to $3M. Incredibly thankful.
What were your investments? Markets are certainly good but not 60% good...
Wife's compensation has grown esp. the last couple of years, though this was hidden a bit in 2020 by some missteps I took in trying to time the market (didn't learn my lesson from this board - it was more an issue of over-allocating on bonds vs. equities). A growing part of her pay is in company stock (large tech company) which has done very well this year. We are switching to quick-sale for future vests because that stock has grown to be too large a part of our portfolio. Overall we are set to save about 47% of our gross pay this year or 2.1x after-tax expenses.

Beyond that, I am in all index funds for 401k, some individual stocks/ETFs/REITs and PSLDX in IRAs, and for a chunk of taxable I have been working on a strategy with leveraged ETFs that has done quite well, but does create a lot of ST gains (on the plus side, much of the time like right now it is sitting in a large amount of cash). We also own our home which has kicked in just over $100k in appreciation this year.

Yes, not very Bogleheadish on the taxable incl. wife's RSUs, but with the goal of FIRE we are trying to be indexed in the retirement accounts and take the risks in taxable. It has paid off well this year but I know that may not continue and am comfortable with that. I am reinvesting the profits from my leveraged ETF strategy back into index funds FWIW as I don't want to significantly grow that portion.
I see, congratulations!

I'm doing something similar, I hold onto RSUs then index at a later date. I also do some funny money but in a controlled manner. At the end of the day, passive investing is where $ is at :beer
jpdion
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Re: Share your net worth progression

Post by jpdion »

Net worth can be misleading . . . when housing price bubbles (like today) can lead to fake equity that folks might cash in. Just saying.
settlement12
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Re: Share your net worth progression

Post by settlement12 »

Hitting 300k euro, about 70k of that is untaxed though, so probably more like 270 if I sold out today. I'm 31, it's all in the stock market, no property
stocknoob4111
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Re: Share your net worth progression

Post by stocknoob4111 »

jpdion wrote: Fri Nov 05, 2021 8:14 am Net worth can be misleading . . . when housing price bubbles (like today) can lead to fake equity that folks might cash in. Just saying.
Which is why I don't pay much attention to Net Worth figures, a lot of people are including their homes which are in a massive bubble, why? because the historical long term appreciation of housing is at the inflation rate. The median home price in 2000 was $131,000. Adjusting for inflation today it should be $214,000. Instead it is $343,000 or a 60% overvaluation.

In contrast the stock market has a historical return of 9-10% after dividends, yet since 2000 it's compounded at only 7.68%. I would say Real estate is in an EPIC bubble, stocks not so much.

What I find rather comical is that so many people believe just the opposite - that stocks are in an EPIC bubble and Real estate is all good.
bluebolt
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Re: Share your net worth progression

Post by bluebolt »

stocknoob4111 wrote: Sat Nov 13, 2021 11:20 am
jpdion wrote: Fri Nov 05, 2021 8:14 am Net worth can be misleading . . . when housing price bubbles (like today) can lead to fake equity that folks might cash in. Just saying.
Which is why I don't pay much attention to Net Worth figures, a lot of people are including their homes which are in a massive bubble, why? because the historical long term appreciation of housing is at the inflation rate. The median home price in 2000 was $131,000. Adjusting for inflation today it should be $214,000. Instead it is $343,000 or a 60% overvaluation.

In contrast the stock market has a historical return of 9-10% after dividends, yet since 2000 it's compounded at only 7.68%. I would say Real estate is in an EPIC bubble, stocks not so much.

What I find rather comical is that so many people believe just the opposite - that stocks are in an EPIC bubble and Real estate is all good.
To be fair, taking an arbitrary starting point and using it to judge two different asset classes' bubble status is not necessarily a good idea.
stocknoob4111
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Re: Share your net worth progression

Post by stocknoob4111 »

bluebolt wrote: Sat Nov 13, 2021 5:27 pm To be fair, taking an arbitrary starting point and using it to judge two different asset classes' bubble status is not necessarily a good idea.
The further out you start the worse it bodes for housing.. start 50 years ago in 1970 and the inflation adjusted value should be $171000 despite the savage inflation of the 70s. The math just does not add up for housing, hence my belief of the epic bubble. Sure the median home has increased in size but so has construction efficiencies.
Marseille07
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Re: Share your net worth progression

Post by Marseille07 »

stocknoob4111 wrote: Sat Nov 13, 2021 6:27 pm
bluebolt wrote: Sat Nov 13, 2021 5:27 pm To be fair, taking an arbitrary starting point and using it to judge two different asset classes' bubble status is not necessarily a good idea.
The further out you start the worse it bodes for housing.. start 50 years ago in 1970 and the inflation adjusted value should be $171000 despite the savage inflation of the 70s. The math just does not add up for housing, hence my belief of the epic bubble. Sure the median home has increased in size but so has construction efficiencies.
I don't get your stance. Housing prices are based on sales comps, i.e. people are actually paying the money, however much the price is.

Now, if we observe delinquent rates rising or something then that's a different story. But I don't believe we're seeing that.
stocknoob4111
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Re: Share your net worth progression

Post by stocknoob4111 »

Marseille07 wrote: Sat Nov 13, 2021 6:29 pm I don't get your stance. Housing prices are based on sales comps, i.e. people are actually paying the money, however much the price is.

Now, if we observe delinquent rates rising or something then that's a different story. But I don't believe we're seeing that.
yes, but where is that money coming from? A large part of it isn't organic demand.. it's private equity and institutional investors chasing yield because of near zero rates elsewhere. That demand can be highly volatile and long term it's unsustainable. When the music stops all these will run for the hills. It's already starting.. Zillow is exhibit A.
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novolog
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Re: Share your net worth progression

Post by novolog »

novolog wrote: Mon Oct 18, 2021 10:45 am
novolog wrote: Tue Jan 05, 2021 6:33 pm

Code: Select all

	Net Worth	Gross Income
2014	-$48,000	$32,000 (both graduate undergrad)
2015	-$35,000	$97,000
2016	-$5,000 	$146,000
2017	$49,000 	$165,000
2018	$112,000	$156,000
2019	$177,000	$167,000
2020	$308,000	$183,000 
We are moving fast. Certainly in good company on this thread.
Already at $466,000 for 2021, $500k soon.

Hoping to hit $1.5 million before age 35, seems achievable.
Already at 495k since last post (less than a month ago). Would be nice to hit $500k before EOY.
S&P 500 + Bitcoin
jarjarM
Posts: 2511
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Re: Share your net worth progression

Post by jarjarM »

novolog wrote: Mon Nov 15, 2021 2:28 pm
novolog wrote: Mon Oct 18, 2021 10:45 am
novolog wrote: Tue Jan 05, 2021 6:33 pm

Code: Select all

	Net Worth	Gross Income
2014	-$48,000	$32,000 (both graduate undergrad)
2015	-$35,000	$97,000
2016	-$5,000 	$146,000
2017	$49,000 	$165,000
2018	$112,000	$156,000
2019	$177,000	$167,000
2020	$308,000	$183,000 
We are moving fast. Certainly in good company on this thread.
Already at $466,000 for 2021, $500k soon.

Hoping to hit $1.5 million before age 35, seems achievable.
Already at 495k since last post (less than a month ago). Would be nice to hit $500k before EOY.
Congrats, you'll be half millionaire soon :beer
jarjarM
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Re: Share your net worth progression

Post by jarjarM »

stocknoob4111 wrote: Sat Nov 13, 2021 7:00 pm
Marseille07 wrote: Sat Nov 13, 2021 6:29 pm I don't get your stance. Housing prices are based on sales comps, i.e. people are actually paying the money, however much the price is.

Now, if we observe delinquent rates rising or something then that's a different story. But I don't believe we're seeing that.
yes, but where is that money coming from? A large part of it isn't organic demand.. it's private equity and institutional investors chasing yield because of near zero rates elsewhere. That demand can be highly volatile and long term it's unsustainable. When the music stops all these will run for the hills. It's already starting.. Zillow is exhibit A.
Couldn't that be said about stock (CAPE is near the highest point) and bond (10yr LTT rate is still near historical low). So all of it is just house of cards. Let's start a thread on how much land we all own then (that's how it was done 500 years ago :wink: ) :D
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rocket354
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Re: Share your net worth progression

Post by rocket354 »

Had quite a few years when I didn't record it, but I have a somewhat unusual progression.

2006: $250,000
2011: -$150,000 (yes, negative)
2015: $150,000
2019: $560,000
2020: $700,000
2021: $1,200,000

Here's hoping I never go negative again...
smectym
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Re: Share your net worth progression

Post by smectym »

stocknoob4111 wrote: Sat Nov 13, 2021 7:00 pm
Marseille07 wrote: Sat Nov 13, 2021 6:29 pm I don't get your stance. Housing prices are based on sales comps, i.e. people are actually paying the money, however much the price is.

Now, if we observe delinquent rates rising or something then that's a different story. But I don't believe we're seeing that.
yes, but where is that money coming from? A large part of it isn't organic demand.. it's private equity and institutional investors chasing yield because of near zero rates elsewhere. That demand can be highly volatile and long term it's unsustainable. When the music stops all these will run for the hills. It's already starting.. Zillow is exhibit A.
One of course can’t ignore housing wealth, but yes, generally it’s best to break out housing, current market value, and “investable net worth” separately. Doing so provides some informative nuance.
Independent George
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Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

stocknoob4111 wrote: Sat Nov 13, 2021 11:20 am
jpdion wrote: Fri Nov 05, 2021 8:14 am Net worth can be misleading . . . when housing price bubbles (like today) can lead to fake equity that folks might cash in. Just saying.
Which is why I don't pay much attention to Net Worth figures, a lot of people are including their homes which are in a massive bubble, why? because the historical long term appreciation of housing is at the inflation rate. The median home price in 2000 was $131,000. Adjusting for inflation today it should be $214,000. Instead it is $343,000 or a 60% overvaluation.

In contrast the stock market has a historical return of 9-10% after dividends, yet since 2000 it's compounded at only 7.68%. I would say Real estate is in an EPIC bubble, stocks not so much.

What I find rather comical is that so many people believe just the opposite - that stocks are in an EPIC bubble and Real estate is all good.
Is that true of BHs, though? It's definitely true of the average American, but from what I can tell, most people here buy relatively modest homes, pay them off, and put the rest in their retirement accounts. Heck, I lost $60k on my home (purchased at peak bubble 2007); the equity I do have is barely 10% of my net worth.

The thing about this thread is that most people aren't listing their incomes over time or how the accumulated their fortunes. There are a lot of folks here who built up huge nest eggs over time with modest incomes, and then there are some who make high six figures. There's a different lesson to be learned from each, and it's a little jarring to see massive +500k gains year on year with no context.

I do agree that housing looks like a bubble, and I think it's being driven by inflation and the fed. I'm personally considering buying plots of empty land simply because the carrying costs of a 2.5% fixed rate loan is minimal, and with 6% inflation, the short-term return is better than my savings account even if the land never appreciates. I don't have the capital to build my dream house, but I can easily buy five acres of empty plot of land and hold it for a decade.
DoctorPhysics
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Re: Share your net worth progression

Post by DoctorPhysics »

I look at my net worth with house. Why? I carry a liability - the mortgage. It's an asset.

When I estimate retirement numbers, I do so without the house.
Sasquatch1
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Re: Share your net worth progression

Post by Sasquatch1 »

Normchad wrote: Sat Oct 30, 2021 5:43 pm
regularguy455 wrote: Sat Oct 30, 2021 5:34 pm
tim1999 wrote: Sat Oct 30, 2021 2:25 pm As someone who has never owned TSLA or crypto, has never worked in tech, has never had a job with stock options/awards, has always had a conservative asset allocation, and has never earned more than 110k/year from my job, I'm not going to embarrass myself by posting my numbers in this thread. Reading the rest of these posts makes me feel pathetic, like I made all the wrong decisions.
This forum, and this thread specifically, is extremely biased. It is not representative of the population in the US.
This is very true. And sometimes it’s easy to forget.

If you make 110K/yr and invest consistently, and follow BH principles, you’ll be amazed at what happens 30 years down the road. It works, but it takes time.

Best of luck!

This! I am 34. Between my 401k and few rentals owned I am flirting right around 1m total.

I do live in LCOL area which helps a lot. However just 11 years ago I had nothing but about 10k in a bank account and lived at home. I finally started saving. I average around 140k a year salary and in just 11 years I’ve somehow accumulated all that wealth. When I think about it I don’t even know how it happened but it did.

Few things I also did that helped. Started averaging 20% savings in 401k 11 years ago

Lived at home for an extra year or two, saved money and bought a big flooded/gutted house for 25k, spent another 100 putting it together. Then lived note free for 4 years saving more and more, then bought 2 rental houses which mostly paid all my bills so my job income was 100% expendable if needed. Then started saving even heavier.

A lot truly does depend on choices made early on.

If I would’ve ran out like every 25 year old who lands a half decent job and bought a brand new vehicle and mortgaged a 300k home there’s no way I’d have what I do now. My entire check but weekly would’ve been ate up with bills.

I would be probably 100k higher in worth but I sold my house to my sister last year for exactly what I had in it,
(120k less than appraisal). Was ready to move while taking the chance to pass the help on to her.

This net worth is using very modest values if the rental houses also, not over blown appraisal values
Zeno
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Re: Share your net worth progression

Post by Zeno »

I'm more comfortable expressing it as "X" values, and my numbers only go back to my early 50's when I roughly achieved FI (25X). Income has been flat over the period below, and has only ever been W2/K1 income -- no RSUs, etc. One wage earner for the past 20 years. No individual stocks, ever; always broad market index funds. Never sold until recently and that only for purposes of rebalancing events. The only one-time event that occurred in the window below was the sale of our HCOL and resulting downsizing, with the bulk of the proceeds going into our after-tax account.

Tl;dr: It took me until my 50's to start to see the dramatic benefits of slow and steady savings, supported by a LBYM/DIY lifestyle.

Age/ X/ What Percentage of X Is Our House?

52 30 28%
53 35 24%
54 31 12%
55 40 9%
56 45 8%
57 53 7%
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rocket354
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Re: Share your net worth progression

Post by rocket354 »

Independent George wrote: Wed Nov 17, 2021 9:41 am
The thing about this thread is that most people aren't listing their incomes over time or how the accumulated their fortunes. There are a lot of folks here who built up huge nest eggs over time with modest incomes, and then there are some who make high six figures. There's a different lesson to be learned from each, and it's a little jarring to see massive +500k gains year on year with no context.
If that's a reference to my post two above yours, I went from $700k to $1,200k in one year because I had 95% of my net worth in investable assets which were 65% stock index funds (with a value tilt) and 35% real estate (now more like 60/40). Both have done superb, especially my real estate thanks to leverage amplification. For example, one of my properties had a $360k estimated value with a $285k mortgage a year ago, so counted as $324k-$285k = $39k in my net worth calculation since I deduct 10% for transaction costs. That same property this year is $475k estimated value with a $277k mortgage which comes out to about $150k net, or +285%. That's the "best" RE story, but across four properties I saw +120% in the past year for my net RE holdings. The stock side is +35%, and I've saved about $90k in the meantime (close to 70% savings rate), so here I am.
Normchad
Posts: 5648
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Re: Share your net worth progression

Post by Normchad »

WyomingFIRE wrote: Wed Nov 17, 2021 12:06 pm I'm more comfortable expressing it as "X" values, and my numbers only go back to my early 50's when I roughly achieved FI (25X). Income has been flat over the period below, and has only ever been W2/K1 income -- no RSUs, etc. One wage earner for the past 20 years. No individual stocks, ever; always broad market index funds. Never sold until recently and that only for purposes of rebalancing events. The only one-time event that occurred in the window below was the sale of our HCOL and resulting downsizing, with the bulk of the proceeds going into our after-tax account.

Tl;dr: It took me until my 50's to start to see the dramatic benefits of slow and steady savings, supported by a LBYM/DIY lifestyle.

Age/ X/ What Percentage of X Is Our House?

52 30 28%
53 35 24%
54 31 12%
55 40 9%
56 45 8%
57 53 7%
That is great. BTW, I always enjoy your posts.

By expressing it the way you did, it really shines a bright light on the compounding effect. In several years here, your net worth grew by SEVERAL years of expenses. For most of us, it probably took a decade or so to save that first 1x. Seeing it grow by 5x or 8x in a single year must be exhilarating.

Keep up the great work!
moneybags
Posts: 64
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Re: Share your net worth progression

Post by moneybags »

Annual November update! It's been a great year!

Net worth is shared with spouse, as of Jan 1 of each year:
2010: -20K (Loans, Graduated University)
2011: <0
2012: <0
2013: 0
2014: 20k (Married)
2015: 40k
2016: 55k (Single Income -> Dual Income)
2017: 160k
2018: 290k
2019: 470k
2020: 756k
2021: 1.28M
Today (11/17/21): 1.78M
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

moneybags wrote: Wed Nov 17, 2021 5:56 pm Annual November update! It's been a great year!

Net worth is shared with spouse, as of Jan 1 of each year:
2010: -20K (Loans, Graduated University)
2011: <0
2012: <0
2013: 0
2014: 20k (Married)
2015: 40k
2016: 55k (Single Income -> Dual Income)
2017: 160k
2018: 290k
2019: 470k
2020: 756k
2021: 1.28M
Today (11/17/21): 1.78M
Wowzers! That is awesome. Keep it going.
Zeno
Posts: 1042
Joined: Wed Sep 12, 2018 10:44 am

Re: Share your net worth progression

Post by Zeno »

Normchad wrote: Wed Nov 17, 2021 3:35 pm
WyomingFIRE wrote: Wed Nov 17, 2021 12:06 pm I'm more comfortable expressing it as "X" values, and my numbers only go back to my early 50's when I roughly achieved FI (25X). Income has been flat over the period below, and has only ever been W2/K1 income -- no RSUs, etc. One wage earner for the past 20 years. No individual stocks, ever; always broad market index funds. Never sold until recently and that only for purposes of rebalancing events. The only one-time event that occurred in the window below was the sale of our HCOL and resulting downsizing, with the bulk of the proceeds going into our after-tax account.

Tl;dr: It took me until my 50's to start to see the dramatic benefits of slow and steady savings, supported by a LBYM/DIY lifestyle.

Age/ X/ What Percentage of X Is Our House?

52 30 28%
53 35 24%
54 31 12%
55 40 9%
56 45 8%
57 53 7%
That is great. BTW, I always enjoy your posts.

By expressing it the way you did, it really shines a bright light on the compounding effect. In several years here, your net worth grew by SEVERAL years of expenses. For most of us, it probably took a decade or so to save that first 1x. Seeing it grow by 5x or 8x in a single year must be exhilarating.

Keep up the great work!
You are very kind, normchad. I always enjoy and learn from your posts as well.
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Petrocelli
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Re: Share your net worth progression

Post by Petrocelli »

I didn't start tracking my net worth until I got Quicken two years ago. I haven't looked at it until now. Turns out I'm doing pretty well.

In 2020, my net worth went up 16.31%
In 2021 (so far), my net worth is up 13.06%

So in two years, my net worth has increased by almost 30%! The fact that the increases in 2020 and 2021 are so close kind of surprised me because in 2020 we had a large one time pay out from my wife's trust. But we are almost going to match that increase this year -- mostly due to big gains in real estate and our portfolio.

(Note: The numbers above do not include two $5,000 watches.)
Last edited by Petrocelli on Thu Nov 18, 2021 1:00 am, edited 1 time in total.
Petrocelli (not the real Rico, but just a fan)
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