Share your net worth progression

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goos_news
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Re: Share your net worth progression

Post by goos_news »

madams135 wrote: Wed Sep 21, 2022 10:19 am I'll share my 8 year journey quickly. Started in 2014 literally broke with no job at 26 YO. 60k student loan debt and a leased vehicle i shouldn't have been paying for. Moved for a new entry level tech job, and now on my 8th anniversary at said job to the day, here is where I stand: Paid off student loans, bought a cheap reliable Toyota cash, worked countless hours of overtime every week (60-75 hrs) and saved religiously (not for the faint of heart). Last year I bought a 560k dream home with 20% downpayment that I solely raised and married my wife in that back yard. With my current Cash, Investments, and home equity, my current networth is ~$500k. I'm quite proud of what I was able to accomplish in those 8 years, but it was a lot of sacrifice. Now with a baby on the way, will start to take the foot off the gas a bit and enjoy life a bit more as I front loaded the finances for the family and the wife's professional career is taking off. Of course, Bogleheads were instrumental in their advice, guidance, and experience. I thank you immensely :sharebeer
Congratulations on your progress so far! And congratulations on the marriage and baby on the way. You two seem well set, with the right perspective. Continued well wishes.
FishEarly
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Re: Share your net worth progression

Post by FishEarly »

I've enjoyed reading this thread over the last few months and the personal journeys behind it. It always gives me inspiration to stay the course and keep investing. With the market down quite a bit this year what better time to contribute :happy
My wife and I turn 55 this year. We've made a lot of mistakes during our investing lifetimes, but we've generally lived below our means and try to pay ourselves first every month. I've been very fortunate to have a spouse on this journey who is fairly frugal. We're eyeing retirement within the next 5 years. I started really tracking our net worth in April of 2019 using personal capital. Here's our progression since then;
April 2019: $5.1M
Jan 2020: $6.5M
Jan 2021: $7.9M
Jan 2022: $8.5M
Sept 2022: $8.9M (down from a peak of $9.2 earlier this year)

When it comes to spending larger sums of money I've tried to live the motto of "only purchasing items that appreciate over time". We've avoided new cars, expensive hobbies, etc., but we do have a boat that we enjoy immensely every summer. Everyone talks about plane tickets on this forum, so I'll add that I've never flown first class...just always seemed like a waste of money even though I'm 6'4" :D
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ray.james
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Re: Share your net worth progression

Post by ray.james »

madams135 wrote: Wed Sep 21, 2022 10:19 am I'll share my 8 year journey quickly. Started in 2014 literally broke with no job at 26 YO. 60k student loan debt and a leased vehicle i shouldn't have been paying for. Moved for a new entry level tech job, and now on my 8th anniversary at said job to the day, here is where I stand: Paid off student loans, bought a cheap reliable Toyota cash, worked countless hours of overtime every week (60-75 hrs) and saved religiously (not for the faint of heart). Last year I bought a 560k dream home with 20% downpayment that I solely raised and married my wife in that back yard. With my current Cash, Investments, and home equity, my current networth is ~$500k. I'm quite proud of what I was able to accomplish in those 8 years, but it was a lot of sacrifice. Now with a baby on the way, will start to take the foot off the gas a bit and enjoy life a bit more as I front loaded the finances for the family and the wife's professional career is taking off. Of course, Bogleheads were instrumental in their advice, guidance, and experience. I thank you immensely :sharebeer
Inspiring. Things are only going to pick up pace from here. It might feel like childcare and other family expenses will keep you from saving as much as you did, but the tailwind is real and keeps the boat keeping pace.
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
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ray.james
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Re: Share your net worth progression

Post by ray.james »

FishEarly wrote: Fri Sep 23, 2022 4:19 pm I've enjoyed reading this thread over the last few months and the personal journeys behind it. It always gives me inspiration to stay the course and keep investing. With the market down quite a bit this year what better time to contribute :happy
My wife and I turn 55 this year. We've made a lot of mistakes during our investing lifetimes, but we've generally lived below our means and try to pay ourselves first every month. I've been very fortunate to have a spouse on this journey who is fairly frugal. We're eyeing retirement within the next 5 years. I started really tracking our net worth in April of 2019 using personal capital. Here's our progression since then;
April 2019: $5.1M
Jan 2020: $6.5M
Jan 2021: $7.9M
Jan 2022: $8.5M
Sept 2022: $8.9M (down from a peak of $9.2 earlier this year)

When it comes to spending larger sums of money I've tried to live the motto of "only purchasing items that appreciate over time". We've avoided new cars, expensive hobbies, etc., but we do have a boat that we enjoy immensely every summer. Everyone talks about plane tickets on this forum, so I'll add that I've never flown first class...just always seemed like a waste of money even though I'm 6'4" :D
Fantastic growth! Are you conservative in investments since the drop is small relative to market/real estate drops happening?
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
FishEarly
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Re: Share your net worth progression

Post by FishEarly »

We have quite a bit of real estate, 4 investment properties that we rent out in 3 different states/vacation destinations. Earlier this year we sold one of the properties for quite a bit more than I had it valued at which was a boost to our net worth this year. We've also contributed quite a bit to our stock and bonds on a monthly basis. We're about 65/35 right now. I haven't calculated how much we've "lost" this year and I prefer not to. When the markets are doing poorly I just put my head in the sand and try not to look. 2000-2001 and 2008-2009 taught me quite a bit about investing. Like I said, I've made my fair share of poorly timed emotional decisions when it comes to investing :oops: Very happy to have found this forum back in 2019 :sharebeer
Carousel
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Re: Share your net worth progression

Post by Carousel »

theplayer11 wrote: Sat Aug 20, 2022 4:16 pm net worth figure is meaningless to me as my real estate is staying in the family.
below is retirement savings from family income never above $150K

Progression:
2006-$130.4(41 years old)
...
2022 YTD- $1243.6
This is the post that really resonated with me. Well done!
dogbones
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Re: Share your net worth progression

Post by dogbones »

techcrium wrote: Tue May 13, 2014 10:14 am I am curious to know how the bogleheads got wealthy, what was your salary + savings rate at your early age.

For me, had $3,000 or so at 18 (working various jobs)

saved up $30,000 at 23 (again various jobs and parents paid tuition)
This is when I purchased my first stock (JNJ at $54)

Currently:
$100,000 at 27 (100% equities and thanks to bull market; split between ETFS, indexes, and individual stocks)


EDIT: So for me, it is
2005: $3,000 (age 18) (worked at McD; KFC, etc earning $9/hour)
2010: $30,000 (age 23) (worked as intern in the summer earning $13-15/hour)
2014: $100,000 (age 27) (fulltime position earning 44,000 a year)

Edit: 2017 update
2017: $430,000 (age 30)(fulltime position earning $62,000 a year)
2018: $600,000 (age 31)
2019: $700,000 (age 32)
2020: $920,000 (age 33)
How inspiring to read so many of these! So, I started full time work around age 22-23, luxury of living home until 28 when we married. I was ignorant with money, didn't start pre-tax investments right away but proud to start when I did to today we completely max everything we can. Saved roughly $50,000 each by living home pre-marriage, jump starting our down payments, furnishes, etc. Below includes info I kept (sept of that year) at the time (investments, IRAs, salary, assets) to today which is more detailed (I'm sure this isn't entirely to the dollar):

pre-2014 - working both full time career and part time retail. Enjoyed spending what I needed but saved knowing the future
2014: 90,000 + 45,000 down payment - age 28, married, came together with about $50,000 in cash + whatever pensions were worth; new home purchased (200k mortgage at 3.5%)
2018: doubling mortgage payments for some reasons
2019: 264,000 (started really documenting data this year to track spending/investing)
2020: 444,000 (age 34)
2021: 617,000
Sept 2022: 630,000

Our total in our accounts (checking, savings, retirement, 529s, etc) is only down about 5,000 from this time last year. My numbers do not factor value of our home today vs what we bought it for (worth 185k more today than 8 years ago) but how much equity we have in it
san1
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Re: Share your net worth progression

Post by san1 »

This is a truly inspiring thread and a delight to read.
I kind of became boglehead in last 3 years or so, thus I almost had no Market exposure outside of 401K before that.
I have net worth estimated data starting when I was 27 (from marriage).

ye 2005 - 24k (bought primary home-foreign country)
ye 2011 - 278k (bought first rental-foreign country)
ye 2016 - 378k (bought primary home-US)
ye 2019 - 515k
ye 2020 - 690k
Ye 2021 - 1M ...took 16 years to reach here :(

My keys have been a living way below my means, mostly consistent savings- initially indirectly via mortgages and recently 401K, Roth, Taxable, never took any debt except mortgages. The real estate blessed us (Nice appreciation on all three properties).

The NW is skewed towards Real Estate as I knew no better before becoming bogle head thus almost 50% locked in home/rentals, However I am not sure if I would have reached 1M without the real estate.
Just Trying to stay the course!
boston10
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Re: Share your net worth progression

Post by boston10 »

boston10 wrote: Wed Sep 04, 2019 7:25 am The last 5 years have been pretty good...

1/2015 (age 25): in debt
7/2015 (age 26): $5k
1/2016 (age 26): $11k
7/2016 (age 27): $45k
1/2017 (age 27): $73k (purchased home)
7/2017 (age 28): $90k
1/2018 (age 28): $103k
7/2018 (age 29): $91k (employment gap)
1/2019 (age 29): $115k
7/2019 (age 30): $134k
Continued progression:
1/2020 (age 30): $180k
7/2020 (age 31): $225k (purchased second home)
1/2021 (age 31): $245k
7/2021 (age 32): $325k
1/2022 (age 32): $380k
7/2022 (age 33): $430k
Normchad
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Re: Share your net worth progression

Post by Normchad »

boston10 wrote: Sun Sep 25, 2022 10:53 am
boston10 wrote: Wed Sep 04, 2019 7:25 am The last 5 years have been pretty good...

1/2015 (age 25): in debt
7/2015 (age 26): $5k
1/2016 (age 26): $11k
7/2016 (age 27): $45k
1/2017 (age 27): $73k (purchased home)
7/2017 (age 28): $90k
1/2018 (age 28): $103k
7/2018 (age 29): $91k (employment gap)
1/2019 (age 29): $115k
7/2019 (age 30): $134k
Continued progression:
1/2020 (age 30): $180k
7/2020 (age 31): $225k (purchased second home)
1/2021 (age 31): $245k
7/2021 (age 32): $325k
1/2022 (age 32): $380k
7/2022 (age 33): $430k
Solid progress! I love it!
coachd50
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Re: Share your net worth progression

Post by coachd50 »

coachd50 wrote: Sun Apr 25, 2021 8:32 pm
coachd50 wrote: Mon May 11, 2020 6:40 pm Including the Equity in a house (valued conservatively at just over the cost I paid)
2007 60,300
2008 79,600
2009 82,000
2010 104,500
2011 121,100
2012 141,500
2013 166,800
2014 190,500
2015 219,500
2016 256,000
2017 307,800
2018 327,000
2019 392,000
Current 383,000
2020 $453,000
April 2021 $506,000

Public School teacher in the South.
October 2022 $460,00 (Again, with home probably undervalued by $40,000)
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Lehninger
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Re: Share your net worth progression

Post by Lehninger »

Lehninger wrote: Wed Dec 01, 2021 12:16 am
Lehninger wrote: Sat Nov 28, 2020 6:27 am
Lehninger wrote: Fri Nov 29, 2019 1:39 pm Net worth currently -$285,000.

I went to an expensive out of state medical school so I've got a beast of a student loan. However, in the past 18 months we've paid off my wife's student loans and saved about $45000 across accounts. I'm still in residency and we save ~30% of income each month. Looking ahead I've got a signed partnership contract for $400,000 salary starting. Salary will double after two years approximately upon acceptance to partnership.

Will update next year.
Saved greater than 40% of income in the past year but income has gone up significantly so it doesn't feel too tight. We are beginning to maximize all pretax accounts. I could save more but I'm searching for balance in my life. Currently in my final year of radiology residency and am looking forward to my attending job. I am a meticulous budgeter and planner so am working on an outline for student loan debt repayment and savings plan. Bogleheads is one of my favorite sites and I'm always amazed at the depth of discussion and wealth of knowledge. Thank you for the guidance and opportunity for growth. Catch you next year...

YEAR AGE ASSETS NW
2019 30 $47000 -$285000
2020 31 $115000 -$226000
Graduated radiology residency this past summer. Sold everything I owned and moved back to my hometown. Started a new job as a partner track radiologist and started to pay down my massive student loans. Bought a comfortable house that is only 1.25x my income and plan to stay here for a long time. The transition was expensive but after a couple of months we are settling into a groove. Hoping to be positive net worth next year. See you then...

YEAR AGE ASSETS NW
2019 30 $47000 -$285000
2020 31 $115000 -$226000
2021 32 $165619 -$156320
Completed my first full year as a private practice radiologist and was able to put away around $200K. I work in a somewhat rural area where talent is needed. As a result I made full partner after my first year and some extra bonuses. Anticipate my income will double in 2023 and boost savings. See you next year!

YEAR AGE ASSETS NW
2019 30 $47000 -$285000
2020 31 $115000 -$226000
2021 32 $165619 -$156320
2022 33 $302692 $40954
yoga
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Re: Share your net worth progression

Post by yoga »

yoga wrote: Wed Dec 22, 2021 12:24 pm At about 42x, where x is almost double our spending the last two years. Our covid spending was bare bones without feeling any sacrifice, then I added in more for healthcare, home maintenance and vacations. We are not super high earners but have always had a very high savings rate. Early 40s.
Down to about 39x, which includes our savings this year of 1.5-2x.
orjones
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Re: Share your net worth progression

Post by orjones »

Household NW figures for married couple, no kids.

2017: $374,500 (age 36)
2018: $515,900
2019: $531,700 (bought house)
2020: $744,500 (age 40)
2021: $878,100 (down to one income as of mid-2020, bought second car)
2022: $810,216

Calculated with home as asset recorded at lower of purchase price or FMV. (Definitely undervalued but I like the conservative approach.) Accounts for debt.

Not upset with this. We've transitioned to both working on an entirely freelance basis in arts sectors and are making it work without touching savings. Was half-expecting this professional experiment to be over by now, especially with how COVID hit the arts, but it looks like we'll be back to making modest contributions to long-term savings before next year is through.
Last edited by orjones on Sat Dec 10, 2022 1:41 pm, edited 1 time in total.
Aggieland
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Re: Share your net worth progression

Post by Aggieland »

July 2021- $1.2MM-age-37/38.
Dec 2022-$1.7 MM

NW includes any debt but does not include the value of home and cars.

Did not do a good job of tracking prior to 2021.
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abuss368
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Re: Share your net worth progression

Post by abuss368 »

Aggieland wrote: Sat Dec 10, 2022 1:33 pm July 2021- $1.2MM-age-37/38.
Dec 2022-$1.7 MM

NW includes any debt but does not include the value of home and cars.

Did not do a good job of tracking prior to 2021.
Hi Aggieland -

Your net worth may be higher as a result if I understand correctly. If you have a mortgage, and included that debt in the calculation of net worth, you should also include an estimated value of your home.

Vehicles, in my experience may not provide much value, especially if a loan for that entire value was executed at purchase.

Nonetheless all assets and liabilities should be included when calculating net worth.

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

Post by snackdog »

Here is a late 2022 update with about 380 respondents who provided age and net worth info in the last couple years. Most people update in late Dec or Jan. If so, can refresh.

Note log scale for net worth in millions. Trend line is shaky above age 50 when we seem to run light on data (who said BHers were old??) and appears to show some droop (as people spend!?).

Table shows stats by age group, e.g. 0.1 means 10 percent of respondents have this net worth or less.

Image
BH Consumer FAQ: | Car? Used Toyota, Lexus or Miata. | House? 20% down and 3x salary. | Vacation house? No. | Umbrella? $1 million. | Goods? Costco.
go2run
Posts: 159
Joined: Wed Mar 08, 2017 12:34 pm

Re: Share your net worth progression

Post by go2run »

Started out in 1999 with two engineer incomes ($53k/$35k). Student loans were paid off in about 2 years, we bought our "starter" home in 2001, and began the journey with kids a few years after that. (Note: We are still in our starter home. :D ) A lot of things happened between then and now. My spouse went to part time while the kids grew up and is now back to full time. Anyways, here is our progression:

1999: Graduate college - basically 0 NW.
2013 (age 37): $793k
2014 (age 38): $1.05M
2016 (age 40): $1.247M
2020 (age 44): $2.498M
2022 (age 46): $7.267M ($2.59M of that is in Roth, which I am thrilled about.)

Kids will "hopefully" be done with college in about 6 years.
Johny Fever
Posts: 347
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Re: Share your net worth progression

Post by Johny Fever »

go2run wrote: Mon Dec 12, 2022 11:43 am Started out in 1999 with two engineer incomes ($53k/$35k). Student loans were paid off in about 2 years, we bought our "starter" home in 2001, and began the journey with kids a few years after that. (Note: We are still in our starter home. :D ) A lot of things happened between then and now. My spouse went to part time while the kids grew up and is now back to full time. Anyways, here is our progression:

1999: Graduate college - basically 0 NW.
2013 (age 37): $793k
2014 (age 38): $1.05M
2016 (age 40): $1.247M
2020 (age 44): $2.498M
2022 (age 46): $7.267M ($2.59M of that is in Roth, which I am thrilled about.)

Kids will "hopefully" be done with college in about 6 years.
I want to know how you went from 2.498M to 7.267M between 2020 and 2022...I gotta get some of that...LOL...and 2.59M in a roth must mean you are the king of conversion? Congrats
stoptothink
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Re: Share your net worth progression

Post by stoptothink »

Johny Fever wrote: Mon Dec 12, 2022 12:05 pm
go2run wrote: Mon Dec 12, 2022 11:43 am Started out in 1999 with two engineer incomes ($53k/$35k). Student loans were paid off in about 2 years, we bought our "starter" home in 2001, and began the journey with kids a few years after that. (Note: We are still in our starter home. :D ) A lot of things happened between then and now. My spouse went to part time while the kids grew up and is now back to full time. Anyways, here is our progression:

1999: Graduate college - basically 0 NW.
2013 (age 37): $793k
2014 (age 38): $1.05M
2016 (age 40): $1.247M
2020 (age 44): $2.498M
2022 (age 46): $7.267M ($2.59M of that is in Roth, which I am thrilled about.)

Kids will "hopefully" be done with college in about 6 years.
I want to know how you went from 2.498M to 7.267M between 2020 and 2022...I gotta get some of that...LOL...and 2.59M in a roth must mean you are the king of conversion? Congrats
Seriously, there are some important details missing.
smitcat
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Re: Share your net worth progression

Post by smitcat »

stoptothink wrote: Mon Dec 12, 2022 12:20 pm
Johny Fever wrote: Mon Dec 12, 2022 12:05 pm
go2run wrote: Mon Dec 12, 2022 11:43 am Started out in 1999 with two engineer incomes ($53k/$35k). Student loans were paid off in about 2 years, we bought our "starter" home in 2001, and began the journey with kids a few years after that. (Note: We are still in our starter home. :D ) A lot of things happened between then and now. My spouse went to part time while the kids grew up and is now back to full time. Anyways, here is our progression:

1999: Graduate college - basically 0 NW.
2013 (age 37): $793k
2014 (age 38): $1.05M
2016 (age 40): $1.247M
2020 (age 44): $2.498M
2022 (age 46): $7.267M ($2.59M of that is in Roth, which I am thrilled about.)

Kids will "hopefully" be done with college in about 6 years.
I want to know how you went from 2.498M to 7.267M between 2020 and 2022...I gotta get some of that...LOL...and 2.59M in a roth must mean you are the king of conversion? Congrats
Seriously, there are some important details missing.
It's here if you want that detail...
viewtopic.php?p=6061185#p6061185
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LilyFleur
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Re: Share your net worth progression

Post by LilyFleur »

snackdog wrote: Sat Dec 10, 2022 5:58 pm Here is a late 2022 update with about 380 respondents who provided age and net worth info in the last couple years. Most people update in late Dec or Jan. If so, can refresh.

Note log scale for net worth in millions. Trend line is shaky above age 50 when we seem to run light on data (who said BHers were old??) and appears to show some droop (as people spend!?).

Table shows stats by age group, e.g. 0.1 means 10 percent of respondents have this net worth or less.

Image
Wow, no one age 60 was worth less than $2 million?
What was the definition of net worth for this survey? (portfolio only, or portfolio + house?)
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ray.james
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Re: Share your net worth progression

Post by ray.james »

LilyFleur wrote: Mon Dec 12, 2022 12:48 pm
Wow, no one age 60 was worth less than $2 million?
What was the definition of net worth for this survey? (portfolio only, or portfolio + house?)
I do not think it was stated explicitly, but the original post always emphasized - Net worth includes house. We see this across bogleheads threads as well. There is "net worth" and then there is invested assets/portfolio/retirement money to showcase the 4% rule.
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
binvesting
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Re: Share your net worth progression

Post by binvesting »

Code: Select all

Year      
end        Liquid Investments      Family income in k
2011              10k                    90      Age 28
2015	         130k                    120
2016	         190k                    140
2017	         270k                    160
2018	         400k                    290
2019	         600k                    330
2020	         930k                    360
2021	         1.4m                    400
2022	         1.46m                   450     Age 39
Home equity now: 500k
So a NW of about 2 mil, at age 39(he & her).

I had a late start to career, got my first real job at 27.
Spouse got first real job at 25, but after that took a few years break for family reasons and then rejoined workforce.
So considering that, think we have been frugal and strived to save as much as possible, living in hcol area. And that shows in our lifestyle as we live in a starter home(family of 4), driving 8 and 12 year old cars etc. These are showing their age now and so we are about to enter a phase of life where there are going to be a few large purchases like potentially new house and based on car's health a new car; and in 6 years, elder kid would start college, so we are hoping that we'll have a few years of saving that'll be sufficient before entering a longer spending phase.
Need to plan for that :happy
Gardener
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Re: Share your net worth progression

Post by Gardener »

2012 - at age 27 I believe, net worth of $50k

2019 - had net worth of $1M. Then, lost half during divorce.

December 2022 at age 39- now have net worth of $600k, no debt. This should start going up rapidly as I now earn substantially more by a factor of about 4 than I had in the past.

My net worth progression admittedly has been hampered by not living frugally, buying an expensive car, motorcycle, high end apartment, and travel a lot. I think I will be more than fine though in the future.
dink2win
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Re: Share your net worth progression

Post by dink2win »

PocketButler wrote: Wed Jun 01, 2022 9:51 am Hi all,

Here's my update for 2022.
Age 25. Started a new job making around $240k two weeks ago.

Date / Income / NW
Apr 2020 / $80k / $40k
Apr 2021 / $120k / $91k
Apr 2022 / $135k / $160k

Things are looking good if I can continue my quite aggressive (>70%) savings rate for the next decade.
Can you let us know what your background and job are that allows you to go from 80k to 240k a year in 3 years?
smitcat
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Re: Share your net worth progression

Post by smitcat »

LilyFleur wrote: Mon Dec 12, 2022 12:48 pm
snackdog wrote: Sat Dec 10, 2022 5:58 pm Here is a late 2022 update with about 380 respondents who provided age and net worth info in the last couple years. Most people update in late Dec or Jan. If so, can refresh.

Note log scale for net worth in millions. Trend line is shaky above age 50 when we seem to run light on data (who said BHers were old??) and appears to show some droop (as people spend!?).

Table shows stats by age group, e.g. 0.1 means 10 percent of respondents have this net worth or less.

Image
Wow, no one age 60 was worth less than $2 million?
What was the definition of net worth for this survey? (portfolio only, or portfolio + house?)

"Wow, no one age 60 was worth less than $2 million?"
No one who responded to a poll titled "share your net worth progression" was worth less than 2 million at age 60.
Otherwise said, you can easily look up the average wealth of the US population at various ages.
e5116
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Re: Share your net worth progression

Post by e5116 »

san1 wrote: Sun Sep 25, 2022 8:24 am This is a truly inspiring thread and a delight to read.
I kind of became boglehead in last 3 years or so, thus I almost had no Market exposure outside of 401K before that.
I have net worth estimated data starting when I was 27 (from marriage).

ye 2005 - 24k (bought primary home-foreign country)
ye 2011 - 278k (bought first rental-foreign country)
ye 2016 - 378k (bought primary home-US)
ye 2019 - 515k
ye 2020 - 690k
Ye 2021 - 1M ...took 16 years to reach here :(

My keys have been a living way below my means, mostly consistent savings- initially indirectly via mortgages and recently 401K, Roth, Taxable, never took any debt except mortgages. The real estate blessed us (Nice appreciation on all three properties).

The NW is skewed towards Real Estate as I knew no better before becoming bogle head thus almost 50% locked in home/rentals, However I am not sure if I would have reached 1M without the real estate.
The majority of posts on this thread aren't representative at all... You're doing great! I love the posts here that are "Slow and Steady" although yours isn't that slow at all. For me, it took 12+ years to reach a joint net worth of $1M and that's with prodigious savings and (what I thought was) good salaries. Right now with continued huge savings/investing/salary increases, my investable assets are at the same level as August 2021, 15 months later. I have a primary residence that has increased some in value, but my market (Chicago) has had very poor appreciation over the last several years compared to most markets.

Long story short, you're doing great, keep doing what you're doing. There are many like you, and many many many more who would be incredibly jealous of how much you've been able to acquire over the years. Hopefully, the power of compounding will continue to be seen in stocks/bonds in the upcoming years and what we're seeing now is an opportunity to load up on low cost deals. :sharebeer
LAS_Rick
Posts: 20
Joined: Sat Oct 02, 2021 7:21 pm

Re: Share your net worth progression

Post by LAS_Rick »

Good morning - I've only tracked NW since 2019. Married, age 49, kids both grown and gone:

YE 2019: $725K
YE 2020: $905K
YE 2021: $1183K
YE 2022 is looking to be about $1063 which matches my losses in retirement accounts.

These include home equity for 19-21, just sold that house and currently in a rental looking for new purchase (which may not do) and sitting on the equity in cash....so for first time, our net worth = actual money in bank(s).

What I struggle with is how to value pension into net worth calculations, or if it should be at all.
e5116
Posts: 867
Joined: Mon Oct 05, 2009 11:22 am

Re: Share your net worth progression

Post by e5116 »

LAS_Rick wrote: Thu Dec 15, 2022 10:03 am Good morning - I've only tracked NW since 2019. Married, age 49, kids both grown and gone:

YE 2019: $725K
YE 2020: $905K
YE 2021: $1183K
YE 2022 is looking to be about $1063 which matches my losses in retirement accounts.

These include home equity for 19-21, just sold that house and currently in a rental looking for new purchase (which may not do) and sitting on the equity in cash....so for first time, our net worth = actual money in bank(s).

What I struggle with is how to value pension into net worth calculations, or if it should be at all.
I'm not fortunate enough to qualify for a pension to talk from personal experience, but I'd think one HAS to consider pensions as it relates to ability to retire (how could you not??) but I wouldn't necessarily call it 'net worth.' It's like "future income" basically. I suppose one COULD calculate an equivalent annuity and how much that would cost and then value it at that if you'd like....It's the same as social security. People aren't including their future social security payments into their net worth calculations, but might consider the amounts as it relates to their individual capability to retire.
Nate7out
Posts: 410
Joined: Wed Jan 16, 2008 1:06 pm

Re: Share your net worth progression

Post by Nate7out »

LAS_Rick wrote: Thu Dec 15, 2022 10:03 am Good morning - I've only tracked NW since 2019. Married, age 49, kids both grown and gone:

YE 2019: $725K
YE 2020: $905K
YE 2021: $1183K
YE 2022 is looking to be about $1063 which matches my losses in retirement accounts.

These include home equity for 19-21, just sold that house and currently in a rental looking for new purchase (which may not do) and sitting on the equity in cash....so for first time, our net worth = actual money in bank(s).

What I struggle with is how to value pension into net worth calculations, or if it should be at all.
Sometimes pensions have an immediate cash value. For example if you quit your job today, you'd get back your $75k in contributions. If so, that is the value on your NW statement.

Just make sure not to double count. If you reduce your retirement income needs by the amount of your pension, don't also count the cash value in your retirement number (where 25x is approximately enough to retire).
LAS_Rick
Posts: 20
Joined: Sat Oct 02, 2021 7:21 pm

Re: Share your net worth progression

Post by LAS_Rick »

e5116 wrote: Thu Dec 15, 2022 10:33 am People aren't including their future social security payments into their net worth calculations, but might consider the amounts as it relates to their individual capability to retire.
[ quote fixed by admin LadyGeek]

Totally valid!
Ron Ronnerson
Posts: 3563
Joined: Sat Oct 26, 2013 6:53 pm
Location: Bay Area

Re: Share your net worth progression

Post by Ron Ronnerson »

Nate7out wrote: Thu Dec 15, 2022 11:08 am
LAS_Rick wrote: Thu Dec 15, 2022 10:03 am Good morning - I've only tracked NW since 2019. Married, age 49, kids both grown and gone:

YE 2019: $725K
YE 2020: $905K
YE 2021: $1183K
YE 2022 is looking to be about $1063 which matches my losses in retirement accounts.

These include home equity for 19-21, just sold that house and currently in a rental looking for new purchase (which may not do) and sitting on the equity in cash....so for first time, our net worth = actual money in bank(s).

What I struggle with is how to value pension into net worth calculations, or if it should be at all.
Sometimes pensions have an immediate cash value. For example if you quit your job today, you'd get back your $75k in contributions. If so, that is the value on your NW statement.

Just make sure not to double count. If you reduce your retirement income needs by the amount of your pension, don't also count the cash value in your retirement number (where 25x is approximately enough to retire).
This is how I do it. I’m 48 years old and am not yet eligible to receive a pension. I count the cash value of my pension contributions as part of net worth at this time. If I so choose, I could get my contributions back if I decide to quit. If I were to die, my spouse would get my contributions back.

I will be eligible to collect a pension at age 55. At that point, I would no longer count my pension contributions as part of my net worth but would take into account that I’m eligible for an income stream.

Someone posted this link on another thread recently as a way to try to calculate pension value: https://andrewmarshallfinancial.com/wha ... ion-worth/

Here are my latest numbers:
Net worth at the start of 2022: $1.7m
Net worth at end of 2022: $1.6m

My plan is to retire around age 60 with a pension of $100k/year with COLA and 100% survivor benefits. I’m a public school teacher and my wife is a stay-at-home parent.
Onlineid3089
Posts: 780
Joined: Thu Jan 02, 2020 2:47 pm

Re: Share your net worth progression

Post by Onlineid3089 »

Onlineid3089 wrote: Sat Feb 05, 2022 9:49 am Year | Age | Net Worth
---------------------------
Dec 2015 | 31 | $73k
Dec 2016 | 32 | $102k
Dec 2017 | 33 | $141k
Dec 2018 | 34 | $161k
Dec 2019 | 35 | $261k -Married, wife added into tracking sheet this year. Larger wage increase middle of year with new job.
Dec 2020 | 36 | $358k -Another larger wage increase middle of year for market adjustment.
Dec 2021 | 37 | $496k -Our baby boy was born :-).
Dec 2022 | 38 | $528k -Negative market returns and high inflation.

Thankfully no inheritances yet, all increases due to wages and market gains. My income has increased from about 60k in 2015 to about 135k now. DW adds in about 30k so we currently total around 165k which is very good for our area. I do not anticipate any more large wage increases beyond the normal 3-4% annually.
Just updated our tracking sheet for December 2022 the other day. I don't do it on month end, just whenever is convenient after the last paycheck for the month has arrived. Net worth only went up a little bit this time around driven by new contributions with the markets being down for the year.
Onlineid3089
Posts: 780
Joined: Thu Jan 02, 2020 2:47 pm

Re: Share your net worth progression

Post by Onlineid3089 »

Nate7out wrote: Thu Dec 15, 2022 11:08 am
LAS_Rick wrote: Thu Dec 15, 2022 10:03 am Good morning - I've only tracked NW since 2019. Married, age 49, kids both grown and gone:

YE 2019: $725K
YE 2020: $905K
YE 2021: $1183K
YE 2022 is looking to be about $1063 which matches my losses in retirement accounts.

These include home equity for 19-21, just sold that house and currently in a rental looking for new purchase (which may not do) and sitting on the equity in cash....so for first time, our net worth = actual money in bank(s).

What I struggle with is how to value pension into net worth calculations, or if it should be at all.
Sometimes pensions have an immediate cash value. For example if you quit your job today, you'd get back your $75k in contributions. If so, that is the value on your NW statement.

Just make sure not to double count. If you reduce your retirement income needs by the amount of your pension, don't also count the cash value in your retirement number (where 25x is approximately enough to retire).
I do it this way as well. I think it is also a big psychological help when the markets are going down as there is one line on our sheet that is always up month over month, well I guess two now that we have a line for iBonds. Doesn't take any more time/effort to get my current cash out value from my state pension website than it does to get the values of other accounts at Vanguard, etc. Would be silly to ignore something that is mine to either leave in the pension plan or roll out to an IRA any time I leave PERS covered employment.
VanguardInvestor1972
Posts: 106
Joined: Fri Jun 14, 2019 8:54 pm

Re: Share your net worth progression

Post by VanguardInvestor1972 »

VanguardInvestor1972 wrote: Sun Jan 02, 2022 7:46 pm
VanguardInvestor1972 wrote: Fri Jan 01, 2021 12:09 pm
With thanks to all who have shared their journeys and wisdom on this forum, here is our progression:

2001: -$11,304 (student loans of $200,000+ for self and DW grad school; new mortgage on starter apt; graduated professional school) (age 29)
2002: $13,966 (age 30)
[...]
2009: $0.9 m.
2010: $1.3 m.
2011: $1.4 m.
2012: $1.6 m. (new job / higher salary)
2013: $2.0 m.
2014: $2.3 m.
2015: $2.5 m. (acquired new, higher cost home as a vacation home)
2016: $2.6 m.
2017: $2.9 m.
2018: $3.0 m.
2019: $3.9 m. (new job / higher salary; renting in HCOL city and using other home as vacation home)
2020: $4.5 m. (age 48)

Income has grown over time, always living in HCOL, two kids, one wage earner. But the main story is basic three fund approach, living below means, tracking the journey, staying humble, listening to others, and sticking to it over 20 years--It works! Thanks for the inspiration and steadying effect of those on this board. :happy
2021: $5.4 m. (age 49) (one child in private college, one still in private high school; purchased 2nd home)

Starting to pay for college for kid #1 and "harvest" a bit while still planting some for future seasons.

Thanks for the support and encouragement of all who have devoted themselves to posting on this thread. It's inspiring and helps keep one on the path. (Edited to include age.)
2022: $5.1 m. (age 50) (one child in year 2 of college)

This past year was, well, a mixed bag. Classic BH three fund portfolio--mostly in retirement accounts--declined a predictable amount. I have about 20% of NW now in private real estate syndications that continued to perform more or less in 2022 and I include at cost basis, some of which have plainly gone up in value. That allocation likely helped this year to stem the declines in stocks and bonds. Continued to dollar-cost-average aggressively into the basic funds mix in retirement accounts. Spending more than usual with one child in private college and another heading to same private college in the fall.

I have been tracking NW annually since 2001. A key takeaway from 2022: this year was the first in which NW actually declined (by over $300k) year-over-year. Even in 2008, our NW increased $81,000. This once-in-two-decades poor performance this year speaks to the scale of the declines; the fact that bonds fell along with stocks so that form of diversification didn't help; the fact that I am spending down some savings for the kids (as planned); and the fact that my investment performance now is more meaningful than my income/savings.

* updated to include a few more contextual details
Last edited by VanguardInvestor1972 on Sun Jan 01, 2023 5:41 pm, edited 2 times in total.
jt13
Posts: 25
Joined: Mon Jul 19, 2021 7:55 am

Re: Share your net worth progression

Post by jt13 »

I'll start at 2017, when life got going in the right direction.

My wife started her career and we moved to a LCOL area. Household income was about $140k then, increasing to about 165k in 2022. Currently aged 31m/28f.

2017: -135k
2018: -86k
2019: -35k
2020: 30k
2021: 70k
2022: 120k

If all goes according to plan, over the next 36 months we should be debt free and at around 200k household income.
User avatar
avg3fund
Posts: 38
Joined: Tue Sep 01, 2020 6:55 am

Re: Share your net worth progression

Post by avg3fund »

Image

I graduated a few years 'late' at age 27 with 31k of student loans to pay off. As of this year (age 32) I am debt free with a net worth of 85k.
IMD801
Posts: 177
Joined: Sat Dec 21, 2013 8:26 pm

Re: Share your net worth progression

Post by IMD801 »

2008: (150k)
2009: (130k)
2010: (120k)
2011: (100k)
2012: (60k)
2013: 0
2014: 160k
2015: 340k
2016: 620k
2017: 1M
2018: 1.2M
2019: 1.6M
2020: 2.1M
2021: 2.5M
2022: 2.3M
Silverado
Posts: 1651
Joined: Fri Oct 18, 2013 6:07 pm

Re: Share your net worth progression

Post by Silverado »

avg3fund wrote: Mon Dec 26, 2022 8:37 am Image

I graduated a few years 'late' at age 27 with 31k of student loans to pay off. As of this year (age 32) I am debt free with a net worth of 85k.
Nice start! I expect you’ll see this wonderful upward trend go nuts over the next decade. Keep it up.
Silverado
Posts: 1651
Joined: Fri Oct 18, 2013 6:07 pm

Re: Share your net worth progression

Post by Silverado »

IMD801 wrote: Mon Dec 26, 2022 1:55 pm 2008: (150k)
2009: (130k)
2010: (120k)
2011: (100k)
2012: (60k)
2013: 0
2014: 160k
2015: 340k
2016: 620k
2017: 1M
2018: 1.2M
2019: 1.6M
2020: 2.1M
2021: 2.5M
2022: 2.3M
Nice job with 2022! Held up well.
calisaver
Posts: 17
Joined: Mon Jan 08, 2018 1:33 pm

Re: Share your net worth progression

Post by calisaver »

calisaver wrote: Sun Dec 12, 2021 10:32 am
calisaver wrote: Tue Dec 29, 2020 6:00 pm
calisaver wrote: Thu Jan 02, 2020 4:34 pm
calisaver wrote: Tue Jan 01, 2019 6:34 pm
calisaver wrote: Mon Jan 08, 2018 1:42 pm 2012: 211k - Age 28
2013: 442k
2014: 553k
2015: 634k
2016: 802k
2017: 1.14M Age 33
2018 Update: 1.28M Age 34
2019 Update: 1.57M Age 35

Great to see other's progress on here! Age information is really useful to see how career progression/time affects things.
2020 Update: 1.84M Age 36 single
2021 Update: 3.01M Age 37 Single
2022 Update: 3.10M Age 38 Single

Well, it wasn't nearly as great a year as the last one, but didn't lose too much money thanks to investing in more stable assets and continuing to save significantly (the numbers include ~300k in additional savings this year)
User avatar
novolog
Posts: 450
Joined: Tue Jan 30, 2018 5:24 pm
Location: Greater Boston

Re: Share your net worth progression

Post by novolog »

Code: Select all

Age	Year	Net Worth	Gross Income
22	2014	-$48,000	$32,000 (both graduate undergrad)
23	2015	-$35,000	$97,000
24	2016	-$5,000		$146,000
25	2017	$49,000		$165,000
26	2018	$112,000	$156,000
27	2019	$177,000	$167,000 (got married)
28	2020	$308,000	$186,000
29	2021	$501,000	$213,000 (bought a house)
30	2022	$470,000	$231,000 (had first kid) 
6% decrease in net worth this year. glad to be accumulating as we head deeper into this.
S&P 500 + Bitcoin
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

novolog wrote: Wed Dec 28, 2022 6:40 pm

Code: Select all

Age	Year	Net Worth	Gross Income
22	2014	-$48,000	$32,000 (both graduate undergrad)
23	2015	-$35,000	$97,000
24	2016	-$5,000		$146,000
25	2017	$49,000		$165,000
26	2018	$112,000	$156,000
27	2019	$177,000	$167,000 (got married)
28	2020	$308,000	$186,000
29	2021	$501,000	$213,000 (bought a house)
30	2022	$470,000	$231,000 (had first kid) 
6% decrease in net worth this year. glad to be accumulating as we head deeper into this.
You’re killing it. Congrats on your success, and the new kid.

So many people here are doing just awesome. So good to see!
Faisal
Posts: 232
Joined: Sun Dec 18, 2016 5:37 pm

Re: Share your net worth progression

Post by Faisal »

Faisal wrote: Wed Jun 10, 2020 9:22 am In my case its been an interesting change in fortunes.

2008 to 2013 - Single working in hotspots like Darfur, Afghanistan etc.

2008 - 0
2009 - 60k
2010 - 100k
2011 - 140k
2012 - 190k
2013 - 250k

Got married, move to the US had to rent a home, pay for our wedding and general things involved in setting up a home and a family.

2014 - 200k
2015 - 180k
2016 - 160k - First son born
2017 - 175k
2018 - Negative 370k - Bought a home took on debt of 420k - Savings at this stage were 50k
2019 - Negative 270k - savings/investments account for 140k - Second son born
2020 - Plan on paying off a portion of the mortgage and up the savings to 175 in savings/investments

Our ony debt is our mortgage which i want to get rid of asap, while maintaining a healthy savings rate as well in disposable cash. And when the mortgage is paid off at that point I will include the networth of my home.

I know this may not be standard for most people but i come from a culture were debt is seen a huge negative and if you have the cash you buy it otherwise you save. No concept of credit cards or credit as a whole.

Edit - Aim to have 500k in investments and savings by age 45. I am 38 and mrs is 35.
Update on status: Previous posters have stated if I am going to include the debt for my home I should include its value as well in NW. Two things I am not including in my NW is my pension which I get when I retire as it depends on various factors which are not in my control roughly 27 years from now.

2021 - Property value increased substantially in my VHCOL area. So doing a rough estimate NW - debt we are looking at 400k NW.
2022 - Property value increased even further but is unrealistic in my opinion - so NW is 430k. Saved a bit of money with additional expenses etc.

Current age 40 for me and 38 for spouse.
User avatar
novolog
Posts: 450
Joined: Tue Jan 30, 2018 5:24 pm
Location: Greater Boston

Re: Share your net worth progression

Post by novolog »

Normchad wrote: Wed Dec 28, 2022 7:14 pm
novolog wrote: Wed Dec 28, 2022 6:40 pm

Code: Select all

Age	Year	Net Worth	Gross Income
22	2014	-$48,000	$32,000 (both graduate undergrad)
23	2015	-$35,000	$97,000
24	2016	-$5,000		$146,000
25	2017	$49,000		$165,000
26	2018	$112,000	$156,000
27	2019	$177,000	$167,000 (got married)
28	2020	$308,000	$186,000
29	2021	$501,000	$213,000 (bought a house)
30	2022	$470,000	$231,000 (had first kid) 
6% decrease in net worth this year. glad to be accumulating as we head deeper into this.
You’re killing it. Congrats on your success, and the new kid.

So many people here are doing just awesome. So good to see!
thank you. i found this forum in 2015 and it has been an enormous resource to me in a world where financial discussions are often considered taboo. not sure where i would be if i didn't stumble upon it.
S&P 500 + Bitcoin
jory1804
Posts: 84
Joined: Sat Dec 31, 2016 3:24 pm

Re: Share your net worth progression

Post by jory1804 »

jory1804 wrote: Sat Jan 01, 2022 3:46 pm
jory1804 wrote: Fri Jan 01, 2021 5:52 pm
jory1804 wrote: Sat Dec 28, 2019 9:26 pm
jory1804 wrote: Sat May 11, 2019 9:17 pm
jory1804 wrote: Thu Jan 04, 2018 8:23 pm I don't have detailed yearly records, but my general progression is:

2004: $100k (graduated from college, made some money while there)
2007: $200k (changed jobs)
2011: $1.2M (got married, career has been pretty good)
2016: $7M (career has been really good, the market has gone up)
2017: $9M (more of the same)

I've been fortunate to have a career in a successful industry, and to have done well in it.
2018: $11.5M
2019: $13.5M
2020: $16M (age 39). Feeling fortunate for sure.
2021: $17.6M
2022: $19.1M (age 41)
sabresgrl06
Posts: 33
Joined: Mon Apr 02, 2018 10:11 am

Re: Share your net worth progression

Post by sabresgrl06 »

sabresgrl06 wrote: Wed Dec 23, 2020 9:58 am
Well I didn't quite reach my goal, but managed to pay down some debts and cash flowed a car which was unplanned, so I am satisfied.

Updated for 2021:

2017: 6.5K - Age 29
2018: 1.1K (had some major life changes, moving, had to dip into savings) - Age 30
2019: 9.7K - Age 31
2020: 23K - Age 32
2021: 36K - Age 33

Goal for 2022 is 55k. Fingers crossed.
Well, I only missed my goal of 55k by a few hundred, and with how the market went this year that is OK by me. I also got married this year, which was an additional expense.

Update for 2022:

2017: 6.5k - Age 29
2018: 1.1k - Age 30
2019: 9.7k - Age 31
2020: 23k - Age 32
2021: 36k - Age 33
2022: 54.1k - Age 34

Goal for 2023: 78k 🤓
Mestk5593
Posts: 66
Joined: Wed Nov 30, 2022 7:49 pm

Re: Share your net worth progression

Post by Mestk5593 »

End of year numbers.

2013: 37k, finished grad school and got a job, age 31
2014: 151k
2015: 232k
2016: 353k
2017: 553k
2018: 617k
2019: 903k
2020: 1,235k
2021: 1,735k
2022: 1,584k. Though we saved quite a bit this year, the market has been rough on us. Time to reconsider our 100% US equity asset allocation.
OatmealAddict
Posts: 1198
Joined: Fri Sep 27, 2013 4:03 pm

Re: Share your net worth progression

Post by OatmealAddict »

2013 (Age 31): -$84,860.00
2014 (Age 32): $27,000.00
2015 (Age 33): $139,818.00
2016 (Age 34): $233,217.00
2017 (Age 35): $358,344.00
2018 (Age 36): $465,116.00
2019 (Age 37): $639,736.00
2020 (Age 38): $887,430.00
2021 (Age 39): $1,293,447.00
2022 (Age 40): $1,284,668.00

2022 was a rough year, for sure. Market was abysmal and lost quite a bit of equity in our home and vehicles. 40-year high inflation and a big increase in property taxes to top it all off. Ugh. At least we're still employed and healthy though, so I'll cheers to that.

Best of luck in the new year to all my fellow Bogleheads.
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