So I turn 40 this month and I have "found" my net worth prediction spreadsheet. I say "found" because when our hard drive crashed this year I lost the file.
But, I found it on my Yahoo mail as I forwarded it to myself from my employer's computer 8 years ago. So that's good!
It also means I get to see what I was thinking 8 years ago when I last updated it. I always recorded Net Worth on my birthday.
So how were my predictions? How close did I come to predicting our net worth at age 40 back when I was 32?
Well, I was off by 30%.
Yes, we're doing much better than I had predicted. Some interesting tidbits comparing us from 32 to 40:
- we have exactly the same amount of cash on hand now as we did then (we control to a certain number)
- I under estimated how much our 401K matching contributions would grow
- I over estimated how much we'd have in home equity (by 55K)
- I severely under estimated our total portfolio total (by 300K)
- our net worth is two and a half years ahead of schedule (that's a lot, actually)
Not bad, not bad. Just a couple of public University graduates that started early, made investing a priority, and focused on mutual funds. Keep on keeping on. I'd love to jump back in time 10 years and tell all those folks that chuckled at me when I told them about my spreadsheet that I was right, they were wrong, and "stay the course" and "keep it simple" works GREAT.