What's “top 1%” of bogleheads? I doubt it. I heard some people have $60 - $100M+ here. (e.g. Jack Bogle himself). I am a small potato in comparison. A lot can happen along the journey. I'm just grateful that things are progressing smoothly at the moment. I'm sure there will be more ups & downs in the years ahead.
Search found 496 matches
- Fri Feb 12, 2021 12:18 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
- Fri Feb 05, 2021 5:21 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
That must have been a sizable TSLA holding relative to the rest of your investments if a ten fold increase in the stock had a similar effect on your NW. That’s correct. So my question is... are you staying in the Tesla or taking the money off the table given the very high concentration? We are in a similar, but order of magnitude smaller, situation with my wife's vested stock. We never expected it to grow as much as it has, but divesting and paying the tax isn't appealing. Her company trades at a normal PE with high cash flow from operations, so stable...but still, it's a lot in one company. I'm interested to hear how you are addressing the situation you're in. The majority of my Tesla stocks are in 401k (with the option to buy my own stoc...
- Fri Feb 05, 2021 5:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
I continue to max out the 401k and put my rental income back to buy more stocks. I have VTSAX but the gains are mainly from Tesla and my company vested stocks. Thanks.
- Thu Feb 04, 2021 11:43 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
That’s correct.investingdad wrote: ↑Thu Feb 04, 2021 6:39 am That must have been a sizable TSLA holding relative to the rest of your investments if a ten fold increase in the stock had a similar effect on your NW.
- Thu Feb 04, 2021 12:44 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Update: As of Feb 1, 2021 Age 45 still, 2 kids, same wife. Still living in VHCOL, same house, same cars, same job. No inheritance. No trust fund. I wish I do, but I don't. Still Work-from-home full time. Not much has changed in terms of lifestyle and spending habits. Still holding the same investment assets long term (i.e, buy & hold). Spent $10k on backyard improvement and bathroom remodeling. Otherwise, not much change here. Again, I am very grateful for my portfolio growth. Hope the trend continues. I think I will quit my full-time job in 5 years or less. My goal of reaching a $30M net worth is getting a little closer. Started working in the Year 2000, but I didn't track NW numbers until 2015. See progress so far: 2015: $970k 2016: ...
- Wed Feb 03, 2021 3:15 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Update: As of Feb 1, 2021 Age 45 still, 2 kids, same wife. Still living in VHCOL, same house, same cars, same job. No inheritance. No trust fund. I wish I do, but I don't. Still Work-from-home full time. Not much has changed in terms of lifestyle and spending habits. Still holding the same investment assets long term (i.e, buy & hold). Spent $10k on backyard improvement and bathroom remodeling. Otherwise, not much change here. Again, I am very grateful for my portfolio growth. Hope the trend continues. I think I will quit my full-time job in 5 years or less. My goal of reaching a $30M net worth is getting a little closer. Started working in the Year 2000, but I didn't track NW numbers until 2015. See progress so far: 2015: $970k 2016: $...
- Fri Jan 01, 2021 12:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Thanks! It’s been an insanely awesome year. I love 2020. Hopefully 2021 is equally great (or better)!lostdog wrote: ↑Fri Jan 01, 2021 11:50 amWow! grats!Hawaiishrimp wrote: ↑Thu Dec 31, 2020 10:28 pm Update: As of the end of Dec 2020
45 now, 2 kids, same wife. Still living in VHCOL, same house, no more gas cars. 2 EVs now.
Same job but work from home full time now. No inheritance. Even with the Covid-19 pandemic, my investment portfolio has multiplied. Thanks to Tesla and my vested stocks. I am very grateful for that. Hope the trend continues. My goal of reaching $30M Net Worth is one step closer.
God bless you all and what a great community here. Have a wonderful new year's holiday!!
2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $15.3M ($15,326,853)
- Fri Jan 01, 2021 6:31 am
- Forum: Personal Finance (Not Investing)
- Topic: 2020 Net Worth
- Replies: 111
- Views: 10410
Re: 2020 Net Worth
From $2.95M to $15.3M. It goes up by 518%.
Main reason: Tesla stock and my company vested stock. 2020 has been a great year.
Main reason: Tesla stock and my company vested stock. 2020 has been a great year.
- Thu Dec 31, 2020 10:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Update: As of the end of Dec 2020
45 now, 2 kids, same wife. Still living in VHCOL, same house, no more gas cars. 2 EVs now.
Same job but work from home full time now. No inheritance. Even with the Covid-19 pandemic, my investment portfolio has multiplied. Thanks to Tesla and my vested stocks. I am very grateful for that. Hope the trend continues. My goal of reaching $30M Net Worth is one step closer.
God bless you all and what a great community here. Have a wonderful new year's holiday!!
2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $15.3M ($15,326,853)
45 now, 2 kids, same wife. Still living in VHCOL, same house, no more gas cars. 2 EVs now.
Same job but work from home full time now. No inheritance. Even with the Covid-19 pandemic, my investment portfolio has multiplied. Thanks to Tesla and my vested stocks. I am very grateful for that. Hope the trend continues. My goal of reaching $30M Net Worth is one step closer.
God bless you all and what a great community here. Have a wonderful new year's holiday!!
2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $15.3M ($15,326,853)
- Sat Dec 05, 2020 1:19 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
- Thu Nov 26, 2020 2:56 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much money do you want to retire?
- Replies: 1367
- Views: 207794
Re: How much money do you want to retire?
No, that's property taxes of $12,000 a month . Prop. 13 keeps property taxes low but not that low. Redfin quotes in monthly costs. Proposition 13 sets property taxes at 1% the sale price (1% of $14.5 MM is $145,000 a year, or $12K a month). Afterward, property tax can only go up by the inflation rate, but not to exceed a 2% annual increase. I am not comfortable to buy a $15M house until my investable assets reach $50M first. With AWR at 4%, I can spend up to $2M annually. $150k / $2M, property tax represent about 7.5% of my spending limit. That feels fine relatively speaking. Check out Carmel/Monterey/Pebble Beach area. You don’t need $15 M. You’d get something quite spectacular for much less. Thanks! That's exactly what I need - recommend...
- Thu Nov 26, 2020 2:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much money do you want to retire?
- Replies: 1367
- Views: 207794
Re: How much money do you want to retire?
That's correct. It's $12k per month property tax in CA for that house. Nonetheless, I am not comfortable buying a $15M house until my investable assets reach $50M first. With AWR at 4%, I can spend up to $2M annually. $150k / $2M, property tax represents about 7.5% of my spending limit. That feels fine relatively speaking.mjs111 wrote: ↑Thu Nov 26, 2020 1:43 pm No, that's property taxes of $12,000 a month. Prop. 13 keeps property taxes low but not that low. Redfin quotes in monthly costs. Proposition 13 sets property taxes at 1% the sale price (1% of $14.5 MM is $145,000 a year, or $12K a month). Afterward, property tax can only go up by the inflation rate, but not to exceed a 2% annual increase.
- Wed Nov 25, 2020 8:48 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much money do you want to retire?
- Replies: 1367
- Views: 207794
Re: How much money do you want to retire?
I agree to this one. I think I need $2.5M I have $12.5M I want: $30M+ With $30M+ in investable assets, I think I can finally afford the dream house I’ve always want. Even $12M is not enough for that. Wow, I can only imagine what your dream house is. To me what I’m imagining is more room than I know what to do with, lots of things that I don’t use that will break and require either me fixing it, or hiring someone who will do it for me. All I envision is a huge headache. For us, a dream house has 4 bedrooms, a 3-4 car garage with a lift, a game room/media room over top. Absolutely no pool. A kitchen that is large enough to. Have a few guests sitting at the island. All on about 1-2 acres of land not too far from skiing. We currently live in a...
- Wed Nov 25, 2020 6:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much money do you want to retire?
- Replies: 1367
- Views: 207794
Re: How much money do you want to retire?
I’m in my 40s with almost $6m $12m pretty reasonable if I do absolutely nothing, and live to age 65 I’ll set a stretch goal of $30m (UHNW) NB: UHNW definition likely to change by then, but whatever I agree to this one. I think I need $2.5M I have $12.5M I want: $30M+ With $30M+ in investable assets, I think I can finally afford the dream house I’ve always want. Even $12M is not enough for that. Wow, I can only imagine what your dream house is. To me what I’m imagining is more room than I know what to do with, lots of things that I don’t use that will break and require either me fixing it, or hiring someone who will do it for me. All I envision is a huge headache. For us, a dream house has 4 bedrooms, a 3-4 car garage with a lift, a game ro...
- Wed Nov 25, 2020 10:21 am
- Forum: Personal Finance (Not Investing)
- Topic: How much money do you want to retire?
- Replies: 1367
- Views: 207794
Re: How much money do you want to retire?
I agree to this one.flaccidsteele wrote: ↑Sun Nov 22, 2020 12:19 am I’m in my 40s with almost $6m
$12m pretty reasonable if I do absolutely nothing, and live to age 65
I’ll set a stretch goal of $30m (UHNW)
NB: UHNW definition likely to change by then, but whatever
I think I need $2.5M
I have $12.5M
I want: $30M+
With $30M+ in investable assets, I think I can finally afford the dream house I’ve always want. Even $12M is not enough for that.
- Mon Nov 23, 2020 3:05 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Very impressive progress. Stay invested and stay healthy!bigtex wrote: ↑Mon Nov 23, 2020 9:14 am 2013: Age: 22, Household Income:$81k, Net Worth: $-2k
2014: Income: $82k, NW: $43k
2015: Income: $88k, NW: $74k
2016: Income: $92k, NW: $122k
2017: Income: $95k, NW: $176k
2018: Income: $98k, NW: $205k
2019: Income: $62k, spouse stay at home with kids NW: $254k
2020: Income: $66k, NW: $282k
- Sat Nov 21, 2020 8:12 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Congrats on your success!! Awesome performance over time!rationalactor wrote: ↑Sat Nov 21, 2020 8:09 pm Financial assets:
1995 (age 26): $50,000
2000 (age 31): $250,000
2010 (age 41): $4.0 million
2020 (age 51): $8.5 million
Real estate:
2010: $1.25 million
2020: $4.0 million
Tons of education and hard work for spouse and me; good fortune riding the twin waves of tech and globalization
- Tue Nov 17, 2020 7:22 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Sometimes the best course of action is: Staying the course. If it's working for you, why change? Congrats on your progress as well!yogesh wrote: ↑Mon Nov 16, 2020 9:42 pm My wife and I had tried two methods.
[1] Sell ESPP and buy Total Market Index Fund
[2] Keep ESPP in company stock
She won handsomely for last decade so it was very difficult discussion to get her to change that single stock which keeps beating market . I guess do nothing has worked in her favor.
- Tue Nov 17, 2020 7:20 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
- Mon Nov 16, 2020 7:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
45. Holding the same job. CA state tax is high. I am considering moving to a different state. No other major net worth progress change this month. Dropped off the 8 digits club this month so far. I hope to get back soon. 2015: $970k 2016: $1.51M 2017: $2.01M 2018: $2.10M 2019: $2.95M 2020: $9.89M (End of Oct) Woah, wth happened in 2019/2020 - that's incredible Tesla happened.... :D Stock Option vested also. Wow that's quite handsome pay for single stock pick! Can I get your magic ball? No magic ball here. Just good old research and buy the company I believe in. Cheers! I don't dare to recommend any individual stock in the Bogleheads forum. People are devoted in Index funds here. I'm not gonna rock their boats. I love to live in peace and h...
- Mon Nov 09, 2020 11:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Tesla happened.... Stock Option vested also.l1am wrote: ↑Mon Nov 09, 2020 2:34 pmWoah, wth happened in 2019/2020 - that's incredibleHawaiishrimp wrote: ↑Sun Nov 08, 2020 12:59 am 45. Holding the same job. CA state tax is high. I am considering moving to a different state. No other major net worth progress change this month. Dropped off the 8 digits club this month so far. I hope to get back soon.
2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $9.89M (End of Oct)
- Sun Nov 08, 2020 1:28 am
- Forum: Personal Investments
- Topic: Oil Burns in Portfolio. What would a Boglehead do?
- Replies: 33
- Views: 3916
- Sun Nov 08, 2020 1:14 am
- Forum: Personal Finance (Not Investing)
- Topic: How much money do you want to retire?
- Replies: 1367
- Views: 207794
Re: How much money do you want to retire?
45, $30 million at 50. (Want)
45, $20 million at 50. (Actual)
45, $20 million at 50. (Actual)
- Sun Nov 08, 2020 12:59 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
45. Holding the same job. CA state tax is high. I am considering moving to a different state. No other major net worth progress change this month. Dropped off the 8 digits club this month so far. I hope to get back soon.
2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $9.89M (End of Oct)
2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $9.89M (End of Oct)
- Tue Sep 15, 2020 4:01 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
#2 makes a difference (about $1M). Mainly #3, significant return of some individual stocks (e.g. TSLA 10x in one year, NVDA & other tech stocks that are doing exceptionally well).stoptothink wrote: ↑Mon Sep 14, 2020 12:15 pm
Net worth more than tripling in less than a year, growing about 60x more than it had any previous year, didn't occur as a result of saving 25-30% of a $200k HHI and compound interest. Very clearly, #2 should be bolded and italicized.
- Tue Sep 15, 2020 3:58 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Sorry, I meant to say investing (+dividend reinvestment) compound growth over the years.justsomeguy2018 wrote: ↑Sun Sep 13, 2020 8:46 pm
How helpful can compound interest be when interest rates have been less than 2% for the better half of 10+ years??
- Sun Sep 13, 2020 8:43 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Well done, all. But I wonder how much of these extraordinary wealth progressions is basically owing to windfalls such as raises, inheritances, or sales (and the resultant savings), rather than to index investing (which, at best, grows one's capital at relatively modest rates). I say this as a committed Boglehead. I think there's value in remaining clear-eyed about the many factors that drive wealth creation, and it seems that a high income and one's willingness to save a substantial amount of it are the prerequisites to successful index investing. In my case: 1. No inheritance, no lottery. 2. I have stock options from my job. 3. I did have individual stocks on top of index funds. 4. Just an average joe with a household income ~200k annuall...
- Sun Sep 13, 2020 8:37 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Stay the course. Invest for the long term. Live below our means. I'm doing the same thing just like before. No lifestyle change whatsoever. Still having a full time job work from home. It's just a number honestly.JamalJones wrote: ↑Sat Sep 05, 2020 12:49 pmThat’s hot. That’s a hot way to live.Hawaiishrimp wrote: ↑Thu Aug 27, 2020 7:45 pm Update: As of end of Aug 2020
2020: $10.1M (As of today: $10,173,394)
- Sun Sep 13, 2020 8:36 pm
- Forum: US Chapters
- Topic: Post your Financial Milestone Announcements Here
- Replies: 3606
- Views: 562359
Re: Post your Financial Milestone Announcements Here
Congrats!!! This is another major milestone!retire2022 wrote: ↑Tue Sep 01, 2020 7:07 pmI did it 2 million portfolio today! Broke the barrier!
I joined the 2 M club!
- Sun Sep 13, 2020 8:35 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Haha, I am still here. Happy to report back.moneywise3 wrote: ↑Sat Aug 29, 2020 1:51 pmIf my hypothesis is right, this might be the last time you posted you NW progression here
- Sat Aug 29, 2020 1:26 am
- Forum: US Chapters
- Topic: Post your Financial Milestone Announcements Here
- Replies: 3606
- Views: 562359
Re: Post your Financial Milestone Announcements Here
GOOD LUCK, mate!!!retire2022 wrote: ↑Fri Aug 28, 2020 10:45 pm All broke 1.9 million this week, closed at 1.979 million, had 600K lost on March 23, 2020, admitted scary, and mother's passing March 28, 2020.
Working from home, anyway lets hope Covid ends.
I may be at 2 million next week wish me luck.
check out:
Blood, Sweat and Tears, Spinning Wheels
https://www.youtube.com/watch?v=P5jNJd7HRVU
- Sat Aug 29, 2020 1:05 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Congrats! Remember seeing your post hitting $10M recently - super impressive to see here that you doubled from $5M to $10M in couple of months? Care to share the magic here as this kinda growth is certainly not what one sees here in Bogleheads forum let alone a hedgefund story :D Happy to share the details. I have a relatively large position in Tesla stocks (9x return since I purchased last year). I worked for a large SW company and, this year, my stock options vested with a 15x return so far. It's been an amazing year given all the "unplanned" world events (i.e, covid, riots, trade war). Besides index funds, I also maintain some long term position in Apple, Google, Microsoft and Nvidia stocks, those are making good gains so far ...
- Sat Aug 29, 2020 12:58 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Thanks. I totally agree. Higher returns always associate with higher risk. I have set an exit strategy and a stop loss in case certain condition is met. It's been an amazing year but it won't be amazing very single year.jory1804 wrote: ↑Fri Aug 28, 2020 5:50 pm
This is amazing; congratulations!
FWIW, if you hold concentrated positions in single stocks, I think many folks here would advise you to diversify.
I also realize that had you followed this advice, you wouldn't have $10M today But as a private banker once told me: "A concentrated portfolio can be a good way to get rich, but it's not a good way to stay rich"
- Sat Aug 29, 2020 12:55 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Do people with >10M care to post and share? I assume they are off charts for this forum. I see a lot of posts in $0.5M to $5M range, but very few beyond that. I did. My 1st post with >10M. See above. See my post as well. As for why not many posts above $10M: according to a source I'm looking at, $10M of assets puts you in the top 1% of US households. So if bogleheads is a random sample of US households, 1% of posts will be above $10M. Which will be not that many posts. Some people would also claim that the Bogleheads investment philosophy slants toward the conservative, and that as a result, you don't see the big tails (both positive and negative) that other investment philosophies might produce. I think there is some truth to this. Thank ...
- Thu Aug 27, 2020 11:31 pm
- Forum: US Chapters
- Topic: Post your Financial Milestone Announcements Here
- Replies: 3606
- Views: 562359
Re: Post your Financial Milestone Announcements Here
Absolutely agree. Thank you for the wisdom. I intend to put it in good use to benefit others.Grt2bOutdoors wrote: ↑Thu Aug 27, 2020 10:59 pm
Wow! Congrats! I hope you will find a way to celebrate other than to focus on the next milestone!
- Thu Aug 27, 2020 10:32 pm
- Forum: US Chapters
- Topic: Post your Financial Milestone Announcements Here
- Replies: 3606
- Views: 562359
Re: Post your Financial Milestone Announcements Here
It's my joy to share my major milestone with my beloved bogleheads here today. For the 1st time, my net worth crossed the $10 millions line. The next milestone is $15 millions. I'd never imagine this date will come, but it did. I want to thank this community for the support, guidance and countless advice along my investment journey. Sincerely thank you!
Date: Aug 27, 2020
$10.1M (As of today: $10,163,394)
Date: Aug 27, 2020
$10.1M (As of today: $10,163,394)
- Thu Aug 27, 2020 9:20 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Update: As of end of Aug 2020 44 now, two kids, still the same wife. Still living in VHCOL, same house, same car, same job but work from home full time now. No inheritance. Even with the Covid-19 pandemic, since the beginning of 2020, my investment portfolio has done exceptionally well. Thanks to a few exceptional stocks. I am very grateful about that. Hope the trend continues. My goal of reaching $10m is now accomplished today . God bless you all and what a great community here. :sharebeer 2015: $970k 2016: $1.51M 2017: $2.01M 2018: $2.10M 2019: $2.95M 2020: $10.1M (As of today: $10,173,394) Congratulations! What happened this year that tripled your asset? TravelforFun Tesla stocks up a lot this year. Plus my company stocks vested. It's b...
- Thu Aug 27, 2020 9:19 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
I did. My 1st post with >10M. See above.moneywise3 wrote: ↑Thu Aug 27, 2020 9:17 pm Do people with >10M care to post and share? I assume they are off charts for this forum. I see a lot of posts in $0.5M to $5M range, but very few beyond that.
- Thu Aug 27, 2020 8:37 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
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: $7...
- Thu Aug 27, 2020 8:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Age: 45, Spouse 44, 2 kids Dec 1999: Graduated college with $2000 savings. No debt. Fortunate tuition was paid by very frugal parents. Very inexpensive college 2000: $10K (felt amazing hitting the first milestone, my salary was $40K, spouse (fiance then) $50K) 2001: 35K 2002: $50K (Lost job due to 9/11 here. jobless or 8 months) 2003: 80K (Felt financially secure at this point. Bought a used Mercedes for $22K. Foolish move) 2004: 120K 2005: $200K (1st kid born) 2006: $330K (we both started working for ourselves and moved to a major city) 2007: $450K (Bought a townhouse for $300k cash) 2008: $600K 2009: $650K (Mercedes broke down. Bought Camry) 2010: $800K 2011: $1m (hit the $1m mark 4 years before hitting 40, which was my initial target) 2...
- Thu Aug 27, 2020 7:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
Update: As of end of Dec 2020
45 now, 2 kids, same wife. Still living in VHCOL, same house, no more gas cars. 2 EVs now.
Same job but work from home full time now. No inheritance. Even with the Covid-19 pandemic, my investment portfolio has multiplied. Thanks to Tesla and my vested stocks. I am very grateful for that. Hope the trend continues. My goal of reaching $30M Net Worth is one step closer.
God bless you all and what a great community here. Have a wonderful new year's holiday!!
2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $15.3M ($15,326,853)
45 now, 2 kids, same wife. Still living in VHCOL, same house, no more gas cars. 2 EVs now.
Same job but work from home full time now. No inheritance. Even with the Covid-19 pandemic, my investment portfolio has multiplied. Thanks to Tesla and my vested stocks. I am very grateful for that. Hope the trend continues. My goal of reaching $30M Net Worth is one step closer.
God bless you all and what a great community here. Have a wonderful new year's holiday!!
2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $15.3M ($15,326,853)
- Wed Jul 08, 2020 11:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your networth progression
What is the point of this thread? And I am not being sarcastic. The book, The Millionaire Next Door , took a survey of millionaires. They asked the millionaires if they tracked their net worth a. Yearly b. Quarterly c. Monthly d. Not at all If I recall the trend, almost all answered a, b, or c. The people who answered "a" had the least of the average net worths. Those who answered "b" had the second highest average net worth. And, yes, you guessed it, the folks that answered "c" or "monthly" had the very highest average net worth. So, I believe there is a strong correlation between measuring a metric and improving that metric, especially net worth. I am not surprised that people here track it and sha...
- Sun Jun 28, 2020 2:04 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
- Sat Jun 27, 2020 5:37 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4273
- Views: 1072365
Re: Share your net worth progression
44 now, two kids, same wife. Still live in HCOL, same house, one different car. Same job, but got promoted once. Even with the Covid-19 pandemic, thankfully my investment is still doing exceptionally well since late 2019. Portfolio has grown significantly. I am very happy about that. Hope the trend continues. My goal is to reach $10m in less than 10 years. Wishfully within 5.
2015: 970k
2016: 1.51M
2017: 2.01M
2018: 2.10M
2019: 2.95M
2020: 5.17M (so far)
2015: 970k
2016: 1.51M
2017: 2.01M
2018: 2.10M
2019: 2.95M
2020: 5.17M (so far)
- Mon Nov 11, 2019 5:05 pm
- Forum: Personal Investments
- Topic: Need Help To Plan for Early Retirement
- Replies: 18
- Views: 2918
Re: Need Help To Plan for Early Retirement
@Dinosaur DadDinosaur Dad wrote: ↑Mon Nov 11, 2019 8:54 am For estate planning, one of the best books out there is "Beyond the Grave" by Jeffrey Condon. It was very helpful to use when we completed all of the legal documents last year. Worth your time to read as you think it through and find an attorney who is trustworthy.
Thank you for the advice. I will certainly look into this book. Thanks again.
- Mon Nov 11, 2019 1:46 am
- Forum: Personal Investments
- Topic: Need Help To Plan for Early Retirement
- Replies: 18
- Views: 2918
Re: Need Help To Plan for Early Retirement
@catlady, our thinking is: $10k per month should be enough to cover taxes and healthcare costs. Our assumption, after doing some research on costs:
- $1500 per month for healthcare coverage (family of 4)
- $2300 per month for taxes (CA & Federal)
- $6200 per month to spend
If that's too tight, we may adjust it accordingly.
- Mon Nov 11, 2019 1:18 am
- Forum: Personal Finance (Not Investing)
- Topic: Should I buy the family cottage?
- Replies: 99
- Views: 11131
Re: Should I buy the family cottage?
House worth 400-500K. He sells to you at 150K. Buy it, that's a no brainer.
If you don't want it later, you can always sell it for a profit.
If you don't want it later, you can always sell it for a profit.
- Mon Nov 11, 2019 1:16 am
- Forum: Personal Finance (Not Investing)
- Topic: Retire or work again?
- Replies: 23
- Views: 3448
Re: Retire or work again?
I suggest you go with Option #1 for a while until you find a better option that gives you more joy in life. Congrats!
- Mon Nov 11, 2019 1:03 am
- Forum: Personal Investments
- Topic: Need Help To Plan for Early Retirement
- Replies: 18
- Views: 2918
Re: Need Help To Plan for Early Retirement
Are you sure you’ll hit that number in 5 years? Four years ago, you listed your portfolio in the high six figures and planned on retiring at 3 million. For such an early retirement, 3 million has a non-trivial chance of not being enough. For early retirement, it is good to be conservative. I would suggest thinking about how you will deal with healthcare until Medicare kicks in. Of course, if you have 10 million, maybe it doesn’t matter as much. @NightFall, A lot has changed in the last 4-5 years. Company IPO'ed, stock options vested. 2 individual stocks grew (10-12x) in the last 5 years. Bought my dream car, finally. Counting all in total, assuming 4-7% return, if the market is good, it should reach 10. If the market go sideward or Great D...
- Mon Nov 11, 2019 12:48 am
- Forum: Personal Investments
- Topic: Need Help To Plan for Early Retirement
- Replies: 18
- Views: 2918
Re: Need Help To Plan for Early Retirement
10 million + 500k home equity in assets, 120k expenses (high end of your estimate). That is about a 1% withdrawal rate. Why not quit your jobs and move to a tax friendly state? There are excellent schools, if that is what you are worried about, elsewhere in the US where taxes can be quite a bit lower. Heck, even NJ where I live and gets a bad rap for being tax happy, the state tax rate is only 6.675% for the 120k withdrawals you are talking about, than the 9.3% rate that California imposes. Our state schools consistently rank in the top 5 of the nation, and with your wealth you can pick the top rated school district (Millburn) in our state with barely a dent in your wealth. @lakpr, don't think moving out of CA is in the plan due to familie...