Share your net worth progression

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Chadnudj
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Joined: Tue Oct 29, 2013 11:22 am

Re: Share your networth progression

Postby Chadnudj » Tue May 12, 2015 11:26 am

Why not? I'll play along, although I only have data from when my wife and I merged our finances (we're both 35).

4/23/2014: $61k
4/23/2015: $96k

Here's the remarkable thing during that time: I lost my job at the end of May 2014, my wife went on maternity leave from September-January (some of it was paid thanks to annual bonus and using vacation days, but not all), and I finally only went back to work in March 2015 (ironically, at a higher salary than my former job). Somehow, we managed to grow our net-worth by $35k in a year in which I basically didn't work and we had a kid (meaning my wife didn't work for 4 months).

I credit this to (a) making the decision quickly upon losing my job to move in with her parents temporarily during maternity leave, so as to save on rent, (b) keeping expenses low when we came back by renting a small place from a friend for a really low rent, (c) being really careful about all of our expenses, and (d) markets doing their thing.

We still have a LONG way to go (for instance, I'm not yet eligible for my new job's 401k, so I'm not contributing much less maxing out yet; we need to find a more permanent living situation than our current small place we're renting; I still have significant law school student loan debt), but it's really encouraging to see that net worth number grow, even when things all seem to be going wrong for you career wise....

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David Jay
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Location: Michigan

Re: Share your networth progression

Postby David Jay » Tue May 12, 2015 11:44 am

I didn't track my net worth until recently (when I started flirting with that $1M mark). But retirement account history as follows:

1988 $2,216 (first 401K contribution)

1998 $247,268

2008 $456,533 (2007 was $508K)

(2014) $828,810
"Prediction is very difficult, especially about the future" Niels Bohr

Dulocracy
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Location: Atlanta, GA

Re: Share your networth progression

Postby Dulocracy » Tue May 12, 2015 3:20 pm

I was worth -$500 when I got out of law school (No student loans, because of a combination of scholarships and employment during school, but I had $500 on my credit card from getting a nice quiet hotel room both nights before the two day bar exam and meals during that time. Money well spent.)

My number got much more negative when I took a loan to start a law firm.

I paid off that loan and was at a small positive.

My house went upside down and I was negative again.

My net worth turned positive.

My house went right side up.

I am now more in the positive.
I'm not a financial professional. Post is info only & not legal advice. No attorney-client relationship exists with reader. Scrutinize my ideas as if you spoke with a guy at a bar. I may be wrong.

AWH_CPA
Posts: 247
Joined: Tue Jan 20, 2015 6:44 pm

Re: Share your networth progression

Postby AWH_CPA » Wed May 13, 2015 12:34 pm

Graduated in 2008 and these are estimates as I don't keep track but probably should.

Total net worth include real estate net of debt.

2008 $55,000
2009 $95,000
2010 $120,000
2011 $160,000
2012 $220,000
2013 $320,000
2014 $350,000
2015 $440,000

Probably only about $150k is in the market. The remaining is real estate.

Married at 25, no student loans, pretty good job, max out Roth IRAs, HSA and not yet qualified for company 401k due to job switch. With two little ones at home though, it will be a while before we mad the 401k.

tyrnup13
Posts: 42
Joined: Wed Aug 07, 2013 7:59 pm

Re: Share your networth progression

Postby tyrnup13 » Wed May 13, 2015 1:33 pm

I haven't kept track, but the post got me wondering.

Here are estimates...

2008: -35,000. Got first job, started paying back student loans. Age 32.
2009: +65,000
2010: +265,000
2011: +465,000
2012: +715,000 Bought house, paid cash.
2013: +990,000
2014: +1,292,000
1/1/2015: 1,830,000
5/13/2015: 2,140,000 Age 39.

This was a fun post, made me realize I've come a long way, and is good for reflection. I've made my fair share of mistakes, but overall, things are progressing well!

snapwa
Posts: 22
Joined: Mon Nov 28, 2011 2:54 pm

Re: Share your networth progression

Postby snapwa » Wed May 13, 2015 2:37 pm

Started tracking just a few years ago...currently maxing out Roth IRA, 401k, and HSA

2012: 26,000 - Age 24
2013: 55,000 - Age 25
2014: 94,000 - Age 26

UADM
Posts: 224
Joined: Fri Apr 04, 2014 4:54 pm

Re: Share your networth progression

Postby UADM » Wed May 13, 2015 5:20 pm

This would be much more informative if it included how much each person made per year in their job. If you make 500k, it is very easy to sock it away. 30k? Not so much.

letsgobobby
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Joined: Fri Sep 18, 2009 1:10 am

Re: Share your networth progression

Postby letsgobobby » Wed May 13, 2015 5:28 pm

UADM wrote:This would be much more informative if it included how much each person made per year in their job. If you make 500k, it is very easy to sock it away. 30k? Not so much.

I have proposed a metric that accounts for income, gifts, inheritance, and inflation, but it's complex to calculate.

viewtopic.php?f=10&t=145796&hilit=medicare

Steve723
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Re: Share your networth progression

Postby Steve723 » Wed May 13, 2015 8:48 pm

Interesting exercise. I lost the file that kept my data prior to 2009...

2009: 720K - Age 40
2010: 970K
2011: 1.1M
2012: 1.2M
2013: 1.4M
2014: 1.8M
2015: 2.0M - Age 46

It's crazy how fast we went from $1M to $2M. I attribute it to a really powerful combination of three factors: 1) Increased compensation from work; 2) Flat expenses; and 3) the bull market.

It's led to some soul-searching about my career, retirement, and other ways I can potentially contribute to society as well as my own personal enrichment and growth (and yes, leisure too!). 5 years ago or so, I just assumed I'd keep plugging away at my current profession until at least my late 50s/early 60s. Now it feels like I might have some options much sooner than that, where finances won't be a big factor.

hmw
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Joined: Sun Mar 02, 2014 11:44 am

Re: Share your networth progression

Postby hmw » Thu May 14, 2015 1:16 am

I didn't start keeping good records until recently.

Started my 1st real high paying job in March 2009 at age 34 after many years of training. I think I had 100k in 2009.

I have no detailed records between 2009 to 2012. We saved and invested in a combination of index funds and individual stocks.

12/31/2013 1 million
12/31/2014 1.55 million
5/2015 1.78 million

JimmyD
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Joined: Fri Sep 27, 2013 4:03 pm
Location: Smyrna, GA

Re: Share your networth progression

Postby JimmyD » Thu May 14, 2015 7:04 am

Steve723 wrote:Interesting exercise. I lost the file that kept my data prior to 2009...

2009: 720K - Age 40
2010: 970K
2011: 1.1M
2012: 1.2M
2013: 1.4M
2014: 1.8M
2015: 2.0M - Age 46

It's crazy how fast we went from $1M to $2M. I attribute it to a really powerful combination of three factors: 1) Increased compensation from work; 2) Flat expenses; and 3) the bull market.

It's led to some soul-searching about my career, retirement, and other ways I can potentially contribute to society as well as my own personal enrichment and growth (and yes, leisure too!). 5 years ago or so, I just assumed I'd keep plugging away at my current profession until at least my late 50s/early 60s. Now it feels like I might have some options much sooner than that, where finances won't be a big factor.


Wow - congratulations to you and thanks for sharing your inspiring progress. I hope to be in your same shoes in the not so distant future.

Lazysundays
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Re: Share your networth progression

Postby Lazysundays » Thu May 14, 2015 7:17 am

My net worth has been a personal financial milestone this month. I FINALLY went POSITIVE. My net worth is public in networthiq website. I went from negative $177,000 to positive $2,000. I went from all student loans to funded retirement accounts. Just chugging along until we can get rid of daycare bills to get $20,000 a year extra cash flow, but right now things are too tight to do anything else.

Traveller
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Re: Share your networth progression

Postby Traveller » Thu May 14, 2015 8:05 am

Lazysundays wrote:My net worth has been a personal financial milestone this month. I FINALLY went POSITIVE. My net worth is public in networthiq website. I went from negative $177,000 to positive $2,000. I went from all student loans to funded retirement accounts. Just chugging along until we can get rid of daycare bills to get $20,000 a year extra cash flow, but right now things are too tight to do anything else.


That is a huge milestone getting out of a $180k hole! Congrats and keep it up - it's more fun to watch the number get bigger rather than the negative number get smaller.

DFAMAN
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Re: Share your networth progression

Postby DFAMAN » Thu May 14, 2015 10:45 am

I didn't do this the right way but got bailed out (and then some) by hitting stride in a very high-paying profession at about age 40 and finally having my eyes opened on money/investing matters.

Age 25 - Graduate from professional school with $60k in student debt. Negative net worth.
Age 30 - Still negative net worth. Really not saving anything.
Age 35 - Net worth approximately $200k. Contributing to 401(k) but largely nothing else. Very ignorant re: money and spending, despite beginning to earn large income.
Age 37 - Starting to focus on saving and investing. Hire commissioned "financial advisor" and make some semi-bad investments. Net worth roughly $350k.
Age 40 - Socking away quite a bit of money but still using commissioned "financial advisor." A friend suggests I read books by John Bogle and Larry Swedroe. My eyes are opened. Hit $1,000,000 just before 41st birthday.
Age 41 - Hire fee-only registered investment advisor and start investing mostly in DFA funds. Really ratchet up saving/investing.
Age 43 - Great recession hits - I keep investing and rebalancing.
Age 47 - Pass $5,000,000 in investment assets - income goes up even more and start saving/investing the significant majority of after-tax income.
Age 50 - Pass $7,500,000 in investment assets. Begin to seriously assess what amount is "enough" to leave the pressures and financial rewards of career.

harikaried
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Joined: Fri Mar 09, 2012 3:47 pm

Re: Share your networth progression

Postby harikaried » Thu May 14, 2015 12:44 pm

Here's trends of our progression over the last few years with data points of liquid (cash+investments) assets, debt (mortgage+car loan), estimated property (home+cars), net worth, extrapolated NW/year:

Image

HalfMillionaire
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Re: Share your networth progression

Postby HalfMillionaire » Thu May 14, 2015 2:23 pm

Reading other replies, I realized that I have not updated my networthiq account for a while. All my history since I started working in 2008 is there. So here goes, in reverse chronological order:

Month Net Worth
Apr 15 $538,510 -> I am a millionaire if you round to the nearest million :-)
Sep 13 $283,752
Nov 12 $183,225
Dec 11 $109,843
Jul 11 $149,773
Apr 11 $143,317
Dec 10 $89,266
Aug 10 $57,629
Dec 09 $13,490 -> Finally positive!
Sep 09 ($22,698)
Apr 09 ($58,509)
Dec 08 ($92,402)
Aug 08 ($133,400) -> Student loan for top school MBA for DW, My PhD was free, both started work with 250K+ in combined income. Age 33.

On crossing our milestone, DW left the job that was killing her - so growth from here on might be a little tempered. Not bad for first seven years of working in the country. Meanwhile, we bought our house, two cars, enough crap to fill our basement, lots of travel... I had a goal of saving a million before I hit 40. I am 39 now - so thats not gonna happen unless you follow my schtick of rounding to the nearest million (DW does not find it funny either). Second goal was to save a million in 10 years and that might still happen depending upon how the market does in next three years.

humalupa
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Joined: Wed Mar 25, 2015 9:12 am

Re: Share your networth progression

Postby humalupa » Thu May 14, 2015 3:04 pm

2006: - 50k (finished residency)
2008: + 210k (including primary residence equity - mortgage)
2015: + 2,200K (including 3 properties including primary residence - mortgage)

I don't have data points in between but I like the overall trajectory :D

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lthenderson
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Location: Iowa

Re: Share your networth progression

Postby lthenderson » Thu May 14, 2015 3:17 pm

I graduated as a mechanical engineer which was what I loved to do but was at the tail end of the glory days. The job went from high paying to just stagnating and becoming a company resource that could be traded to India or China. That is what convinced me to start saving like there was no tomorrow because every dollar I saved was a moment sooner I could retire.

I have always lived beneath my means. I was never into flashy cars or large mansions. While most of my peers bought on credit, I paid cash for utilitarian versions. Most of the things I like doing don't cost much money.

After bouncing around through several jobs that eventually went overseas, I had a huge amount of luck and was hired into an employee owned company comprised of about 50 owners. We were an S Corporation ESOP which means in order to avoid federal taxes, the profits were divided up to the employee owners in the form of company stock. The company was very successful and grew in value (thus our stock prices too) on average 28% per year the entire time I was there. Still I was a mechanical engineer and not loving my job at this point. In 2012, I had enough money in company stock plus my retirement accounts to retire and thus did so. I didn't like having a huge portion of my eggs in one basket and wanted to become a Boglehead which I have done. I get the last chunk of my stocks cashed out and rolled over into my Vanguard account in two months and I can't wait.

Image

JDot
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Re: Share your networth progression

Postby JDot » Thu May 14, 2015 3:18 pm

Traveller wrote:
jay22 wrote:250K to more than 1.5 Million in 9 years? Amazing.


Income has risen a bunch during that period but we have kept out spending pretty much flat.


This is similar to my goal. :)

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Yesterdaysnews
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Re: Share your networth progression

Postby Yesterdaysnews » Thu May 14, 2015 4:01 pm

I am almost 39 y/o :

Home equity: $1.5 M
Private equity: $350k
Stocks: $1.35 M
Cash: $80k

Debt: None

Net Worth: $3.28 M.

Decided to go debt free before building up taxable investments.

UADM
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Re: Share your networth progression

Postby UADM » Thu May 14, 2015 8:45 pm

I still say that listing progression is meaningless without saying how much you made each year.

VAslim16
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Re: Share your networth progression

Postby VAslim16 » Fri May 15, 2015 6:02 am

Current age: 36. Unfortunately wasted my 20s and early 30s spending too much and not saving. Over the last 4 years since finding this site I'm proud of the progress I've made. Hopefully I'm on track now to be in good shape around 60-65.

May 2011: -$46,118
May 2012: -$13,336
May 2013: $2,978
Apr 2014: $34,900
Apr 2015: $64,475

Current salary is $60K

leod
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Re: Share your networth progression

Postby leod » Fri May 15, 2015 10:10 am

I admire the posts that have amassed a million in short years although it made me jealous as well. my turtle progression:
2005: 1.2K
2010: 103K
2014: 253K

dsmil
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Joined: Tue Sep 08, 2009 10:51 am

Re: Share your networth progression

Postby dsmil » Fri May 15, 2015 11:22 am

Combined numbers with wife:

-2009 Net Worth = -$90k (just graduated college, 100k of student loans, minimal investments, renting apartment, hired for good job but didn't start until a few months after graduation)
-2015 Net Worth = $60k (1 child, good jobs, investments and student loan amount equal amounts, 6 mo. emergency fund, have owned home for 2.5 years)
-Future progression looks pretty slow as wife will either work part-time or stay at home...just hoping to invest 10-15% of income and make student loan and mortgage payments

DGibb88
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Re: Share your networth progression

Postby DGibb88 » Fri May 15, 2015 12:52 pm

2010 - ($40,000) Graduate with $40k in student loan debt - Salary $20k up to $27k
2011 - ($20,000) Got married, wife still in graduate school - Salary $27k + $3k grad assistantship
2012 - $6,200 - Salary increased to $35k + Wife at $20k
2013 - $41,500 - Salary increased to $48k + $27k
2014 - $90,400 - Salary increased to $65k + $41k + Rental Property Net Income of $5,600
2015 - $113,000 as of today - Salary increased to $98k + $41k + Projected Rental Property Net Income of $5,600

Our standard of living has gone up, but not decidedly so (expenses of around $50k, including $10k of giving to charity). Maxing all retirement accounts plus taxable investing of $10k/year plus $6k/year in 529 contributions. Projected net worth of $165k at end of 2015, $251k in 2016, and $345k at end of 2017. Salaries probably stagnant at this point until potential of moving up to CFO/COO position in 5 years with a potential 50% salary increase.

RosieQ
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Joined: Tue Sep 09, 2014 2:52 am

Re: Share your networth progression

Postby RosieQ » Fri May 15, 2015 2:34 pm

Graduated from graduate school 6/2013 with slight positive net worth, now making approximately 75k per year. It's been a good few years in the stock market for my existing investments as well.

10/2011 (13,500)
6/2013 (15,000)
4/2014 (48,000)
5/2015 (133,000)

ponyboy
Posts: 407
Joined: Fri Feb 06, 2015 10:39 am

Re: Share your networth progression

Postby ponyboy » Fri May 15, 2015 2:44 pm

I have more money than I did a year ago.

shepherd
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Re: Share your networth progression

Postby shepherd » Fri May 15, 2015 2:46 pm

Age Year Total
40 2009 $751,516
41 2010 $850,536
42 2011 $950,654
43 2012 $1,154,930
44 2013 $1,416,316
45 2014 $1,660,836
46 2015 $1,865,468

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ClevrChico
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Re: Share your networth progression

Postby ClevrChico » Sat May 16, 2015 9:52 am

I calculated both net worth progression AND social security earnings for the fifteen years post college. (2000 - 2015)

Personal observations:

- W2 income growth didn't impact net worth.
- Renting vs. owning didn't impact net worth.
- Single vs. married with children didn't impact net worth.

What mattered for me:

- Staying the course through 2008 - 2010 was huge. Net worth stayed level these years, but made big gains during the recovery.
- Time. Things are starting to snowball now. Always maxing out retirement plan is paying off.
- Living below our means and consistently saving.
- Being fortunate enough to have a highly rated 401k plan.

UADM
Posts: 224
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Re: Share your networth progression

Postby UADM » Sat May 16, 2015 11:06 am

DGibb88 wrote:2010 - ($40,000) Graduate with $40k in student loan debt - Salary $20k up to $27k
2011 - ($20,000) Got married, wife still in graduate school - Salary $27k + $3k grad assistantship
2012 - $6,200 - Salary increased to $35k + Wife at $20k
2013 - $41,500 - Salary increased to $48k + $27k
2014 - $90,400 - Salary increased to $65k + $41k + Rental Property Net Income of $5,600
2015 - $113,000 as of today - Salary increased to $98k + $41k + Projected Rental Property Net Income of $5,600

Our standard of living has gone up, but not decidedly so (expenses of around $50k, including $10k of giving to charity). Maxing all retirement accounts plus taxable investing of $10k/year plus $6k/year in 529 contributions. Projected net worth of $165k at end of 2015, $251k in 2016, and $345k at end of 2017. Salaries probably stagnant at this point until potential of moving up to CFO/COO position in 5 years with a potential 50% salary increase.


This is the way to do it. Net worth with pay. Gives a much clearer picture of the whole. Thanks!

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bengal22
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Location: Ohio

Re: Share your story of how you got wealthy

Postby bengal22 » Sat May 16, 2015 11:12 am

Professor Emeritus wrote:Would never claim I was wealthy but
I suggest
1) marry the right partner
2) Live in the same house for 34 years
3) work very hard at your profession
4) live below your means and save prodigiously
5) never listen to or pay a dime to a broker or other thief


It maybe hard to believe but there are brokers and advisers that are not thieves. They are honest, generous, hardworking, God-fearing humans that really try to do good by their clients. I am not a broker or an adviser but I have friends that are.

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Yesterdaysnews
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Re: Share your networth progression

Postby Yesterdaysnews » Sat May 16, 2015 12:30 pm

Yeah I have met some good people who were advisers. They kinda get a bad rap imo. These are guys I consider friends and drink beer with and do right for the most part.

Ron Ronnerson
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Location: Bay Area

Re: Share your networth progression

Postby Ron Ronnerson » Sat May 16, 2015 4:02 pm

Here's our net worth over the last decade:

2005 (age 30): -$40k (got married and started career as a teacher)
2006 (age 31): -$20k (went back to college)
2007 (age 32): -$15k (started investing in Roth IRA)
2008 (age 33): $25k (finished paying off credit cards)
2009 (age 34): $75k (saved for down payment)
2010 (age 35): $100k (purchased home)
2011 (age 36): $130k (paying extra on mortgage)
2012 (age 37): $240k (in addition to Roth IRAs, now had investments in 457b and SEP-IRA too)
2013 (age 38): $420k (rapid home appreciation)
2014 (age 39): $450k (became a dad)
2015 (age 40): $575k (investments and home equity continued in a positive direction - at least during the first half of the year)

A couple of details: All the debt was at 0% for the entire time by transferring balances onto different credit cards during 2005-2007. The net worth above includes home equity (we paid more than the amount due for several years and then made a large one-time payment upon refinancing) but rapid home appreciation in the Bay Area during the last couple of years is part of the reason that the numbers go up as quickly as they do. Most of our investments are in Roth IRA accounts. I'm a public school teacher and most of our retirement expenses are expected to be covered by my pension (about $80k/year in 2015 dollars starting at age 61). Overall, it's been a good decade for us, despite some hard times during the recession.

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M_to_the_G
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Re: Share your networth progression

Postby M_to_the_G » Sun May 17, 2015 12:03 am

Interesting thread. I’ll combine some of the posting methods I’ve liked here; I think it’s worthwhile to discuss one’s background and mindset at different stages of life, and one’s epiphanies and milestones.

1979 - 1999 (age 0 - 19): Net worth: $0

1999 - 2005 (age 19 - 25): Net worth: -$15,000
Was poor throughout college and grad school, but always had pocket money from work (had a weekend job and a work-study job), and also had quite a bit of drive and ambition to improve my lot in life. Luckily, the credit union affiliated with my university capped my credit card limit at $1k, or I would have probably availed myself of “free” credit. Had about $15k in student loans to deal with, which I only realized later wasn’t that much. I was blessed with scholarships and grants: undergrad was mostly paid for by scholarships, and grad school was paid for by a scholarship.

2005 - 2007 (age 25 - 27): Net worth: -$15,000
Got first “real” job after grad school at the age of 25, but didn’t make that much.

2007 - 2009 (age 27 - 29): Net worth: -$15,000 --> $30,000
Got first job with good salary at the age of 27, but didn’t know anything about investing at that time. I bought a new car, didn’t make 401(k) contributions, only made minimum payments on my loans, etc. However, I never experienced “lifestyle creep” and was always frugal and averse to luxury and status. Even my new car purchase was fairly frugal (a new Suzuki sedan I bought for $13k) -- although inadvisable in retrospect. I began accumulating cash, but still had student loans, no plan, no idea about finances, etc.

2009 - 2013 (age 29 - 33): Net worth: $30,000 --> $200,000
Got seriously interested in finances around the time I joined the Foreign Service at the age of 29. I started (and maxed out) a Roth IRA and my TSP and put them into Target Date funds due to a lack of knowledge of finance, and I did not have a taxable account. My lifestyle and living standard still did not go up, so I continued to accumulate more cash. I paid off all my student loans during this period. However, I still didn’t have a plan and was seriously considering going to a financial advisor. I began to read and research over the next few years.

2013 - 2015 (age 33 - 35): Net worth: $200,000 --> $360,000
As the old adage goes, “When the student is ready, the master will appear.” I found Bogleheads at the age of 33, moved all my accumulated cash to funds in a taxable account at Vanguard, and began to consider all my resources as one portfolio. Moved out of Target Date funds and developed an AA plan. Read voraciously (Common Sense on Mutual Funds, The Elements of Investing, etc., etc.). You can read my thread on my net worth progression since 2013 here: viewtopic.php?f=1&t=119662

I’m 35 now, maxing out TSP and Roth IRA, and socking away several tens of thousands each year into taxable. On track to retire at 50, hopefully as a millionaire.
"It’s basically the plot of 'Charlie and the Chocolate Factory.' If you stick around, doing nothing, while everyone around you ****s up, you’re going to win big." - John Oliver

nwrolla
Posts: 134
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Re: Share your networth progression

Postby nwrolla » Wed May 20, 2015 11:48 pm

I haven't had a chance to read the whole thread but it is certainly encouraging ! I am trying to contribute as much as possible to make up for some lost time in the past! But here are the stats.

2009 - Net Worth: 0 Married at age 20.

2012 - Net worth: -25k Wife and I are both students working low wage jobs making ends meet. only saving 5-10% in company 401k plans.

2014- Net worth: 25k Graduate college, got a half decent job to pay back student loans and buy a house. Also received inheritance this year which became a large E-fund

2015- Net worth: 50k Age 26 aggressively paying down student loans but still contributing 8% salary to Roth 401k + 22.5% to traditional 401k ( includes company match )

As of 2015 wife no longer works, full time student planning to graduate this year. Most likely will work part time upon graduation. living below our means has been a huge part of our life, utilizing credit card rewards for cash back provides the "fun" money for the month. Goals are to continue saving while paying down student loans, once those are clear increase contribution to 15% and divert remaining funds to savings for next house.

Sometimes I wonder the what ifs, but always try to remind myself there is more out there than the number on the bank statement.

angelescrest
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Location: The Third Coast

Re: Share your networth progression

Postby angelescrest » Thu May 21, 2015 6:15 pm

tyrnup13 wrote:I haven't kept track, but the post got me wondering.

Here are estimates...

2008: -35,000. Got first job, started paying back student loans. Age 32.
2009: +65,000
2010: +265,000
2011: +465,000
2012: +715,000 Bought house, paid cash.
2013: +990,000
2014: +1,292,000
1/1/2015: 1,830,000
5/13/2015: 2,140,000 Age 39.

This was a fun post, made me realize I've come a long way, and is good for reflection. I've made my fair share of mistakes, but overall, things are progressing well!

You're the winner?! Some context...

tyrnup13
Posts: 42
Joined: Wed Aug 07, 2013 7:59 pm

Re: Share your networth progression

Postby tyrnup13 » Thu May 21, 2015 6:37 pm

angelescrest wrote:
tyrnup13 wrote:I haven't kept track, but the post got me wondering.

Here are estimates...

2008: -35,000. Got first job, started paying back student loans. Age 32.
2009: +65,000
2010: +265,000
2011: +465,000
2012: +715,000 Bought house, paid cash.
2013: +990,000
2014: +1,292,000
1/1/2015: 1,830,000
5/13/2015: 2,140,000 Age 39.

This was a fun post, made me realize I've come a long way, and is good for reflection. I've made my fair share of mistakes, but overall, things are progressing well!

You're the winner?! Some context...



Finished residency in 2008, so salary went up a lot. Still lived resident lifestyle the past seven years, so all the extra has gone to savings. Also have a great wife who is even more careful with money than me.

I hadn't tracked net worth before this post, so I've realized things have gone well and that it's time to relax a bit...

One other point: I had to buy into a medical property as part of my partnership. We sold that in 2014, which accounts for the large gains that year. Other than that, I use standard three fund portfolio.

User avatar
gravlax
Posts: 230
Joined: Thu Aug 21, 2008 2:29 pm
Location: Cole Valley, CA

Re: Share your networth progression

Postby gravlax » Thu May 21, 2015 6:45 pm

Current salary is $135K
I am 49 years old

October 2008: $81k
October 2009: $174k
October 2010: $220k
October 2011: $266k
October 2012: $329k
October 2013: $430k
October 2014: $561k

May 2015: $645k

singlephoton
Posts: 20
Joined: Mon Jun 09, 2014 4:54 pm

Re: Share your networth progression

Postby singlephoton » Thu May 21, 2015 7:05 pm

tyrnup13 wrote:
angelescrest wrote:
tyrnup13 wrote:I haven't kept track, but the post got me wondering.

Here are estimates...

2008: -35,000. Got first job, started paying back student loans. Age 32.
2009: +65,000
2010: +265,000
2011: +465,000
2012: +715,000 Bought house, paid cash.
2013: +990,000
2014: +1,292,000
1/1/2015: 1,830,000
5/13/2015: 2,140,000 Age 39.

This was a fun post, made me realize I've come a long way, and is good for reflection. I've made my fair share of mistakes, but overall, things are progressing well!

You're the winner?! Some context...



Finished residency in 2008, so salary went up a lot. Still lived resident lifestyle the past seven years, so all the extra has gone to savings. Also have a great wife who is even more careful with money than me.

I hadn't tracked net worth before this post, so I've realized things have gone well and that it's time to relax a bit...

One other point: I had to buy into a medical property as part of my partnership. We sold that in 2014, which accounts for the large gains that year. Other than that, I use standard three fund portfolio.


Very similar to you. Finished residency also in 2008, fellowship in 2009.

5/2011: $416k
5/2012: $722k
5/2013: $992k
5/2014: $1578k
5/2015: $2327k

Currently Age 38.

I am using a quasi 3-fund portfolio, 75/25 equity/bond ratio, International as 25% equities. My US equity component is used for day trading which has done extremely well for me.
Last edited by singlephoton on Thu May 21, 2015 7:13 pm, edited 1 time in total.

IMD801
Posts: 130
Joined: Sat Dec 21, 2013 9:26 pm

Re: Share your networth progression

Postby IMD801 » Thu May 21, 2015 8:43 pm

IMD801 wrote:[My rough numbers:

2008: -150k
2009: -130k
2010: -120k
2011: -100k
2012: -60k
2013: 0
2014: +160k


Update 2015: $340k

Apparently I went into the wrong medical specialty. :shock:

jed2009
Posts: 62
Joined: Fri Apr 24, 2015 3:02 pm
Contact:

Re: Share your networth progression

Postby jed2009 » Thu May 21, 2015 9:44 pm

This is a cool topic and will be fun to watch. I started tracking my net worth about 8 months ago, and have improved a lot since then but am still negative.

April 2015: -8,826
Mar 2015: -9,732
Feb 2015: -11,652
Jan 2015: -12,345
Dec 2014: -13,059
Nov 2014: -14,044 :(
Oct 2014: -13,210
Sept 2014: -15,305
Aug 2014: -16,326
Salary: 32,000

I've brought my net worth up by about 8,000 over the past nine months. The only debt I have is 25,000 in student loans, so that's what's killing me. I continue to chip away at it with a $96/wk payment, and build up my IRA and 401k with a 35/wk and 32(+32 match)/wk contribution. My savings rate is at about 35-40%, with extra stuff like tax returns or gifts going to student loans/IRA.
Last edited by jed2009 on Thu May 21, 2015 10:01 pm, edited 1 time in total.

User avatar
Hawaiishrimp
Posts: 208
Joined: Tue Apr 14, 2015 4:13 am

Re: Share your story of how you got wealthy

Postby Hawaiishrimp » Thu May 21, 2015 9:45 pm

Professor Emeritus wrote:Would never claim I was wealthy but
I suggest
1) marry the right partner
2) Live in the same house for 34 years
3) work very hard at your profession
4) live below your means and save prodigiously
5) never listen to or pay a dime to a broker or other thief


How true!!! :beer

Never really track NW until recently...

2015: $1.33M
Last edited by Hawaiishrimp on Thu May 21, 2015 10:15 pm, edited 2 times in total.
I save and invest my money, so money can make money for me, so I don't have to make money eventually.

Bacchus01
Posts: 851
Joined: Mon Dec 24, 2012 9:35 pm

Re: Share your networth progression

Postby Bacchus01 » Thu May 21, 2015 9:47 pm

Just the last few years or so of good records measured at year end, or YTD for 2015


2006 $425
2007 $500
2008 $345
2009 $592
2010 $796
2011 $918
2012 $1,129
2013 $1,435
2014 $1,622
2015 $1,861 (projected $2M+ by end of year)

Actually, back in late 2007/early 2008 I had a bunch of stock options vest and the total was closer to $1M at the time. In fact, I think it was slightly over that. By mid-2009 they were worthless. By the end of 2009 some things had recovered, but in the end I think I lost 90% of the value of the options by not selling them in late 2007 like I should have. We expect to pass $2M by the end of the year. Over a roughly 10 year period total net worth went up 5X. If that happens in the next 10, we'll definitely be retired. That is the plan.

Bacchus01
Posts: 851
Joined: Mon Dec 24, 2012 9:35 pm

Re: Share your networth progression

Postby Bacchus01 » Thu May 21, 2015 9:54 pm

Jguild2120 wrote:Our parents gave us many things including love, sheltered, moral values and an education through high school. After leaving home (me 18 years, DW 19 years) they gave us good advice only. Everything else we did ourselves, the two of us, working together day-after-day, year-after-year.

I have always managed the investments (I buy & hold) and I brought home the majority of the income. My wife manages the home, the bills, the taxes and makes monetary distributions as needed (charities, home repairs, vacations, etc). Every month I take her through our financial ‘score card’ so that she fully understands our investments and net worth.

My income over the last 35 years has been above average; there are plenty of people who make more than I. That’s OK.

We have always LBOM.

Below is our net worth progression (MFs, bonds, stocks & cash). It does not include our home or other property. It does not include my pension or our SS.

1970 No debt, no savings. (I met DW, California surfer girl, the woman of my dreams.)

1974 No debt, no savings. (We married. I graduated with a fines arts degree)

1975 No debt, no savings. (I returned to school to get an engineering degree.)

1978 No debt, no savings. (My daughter was born)

1980 $2,500 student loan, no savings (I graduated with an engineering degree, Cal Poly, San Luis Obispo, CA.)

1981 No debt, no savings. (I started work for Getty Oil, Bakersfield, CA, later Texaco, later Chevron. Now with ExxonMobil.)

1982 No debt except for a mortgage, no savings. (My son was born. 13% interest rate on the mortgage!)

1983-1990 No debt except mortgage, (Saved for children’s college education)

1990 Started a retirement savings account at the age of 39.

1994 $113,310, No debt except mortgage

1995 $132,510, No debt except mortgage

1996 $158,431, No debt except mort gage

1997 $314,898, No debt except mortgage

1999 $576,296, No debt except mortgage

2000 $836,242, No debt except mortgage

2001 $883,588, No debt, paid off mortgage

2002 $786,366 (2001 Dotcom crash)

2003 $718,297 (2002 Bear Market)

2004 $575,726, No debt

2005 $657,183, No debt

2007 $861,600, No debt

2008 $1,091,025, No debt

2009 $787,662, No debt (2008 housing crash)

2010 $1,016,886, No debt

2011 $1,162,312, No debt

20012 $1,332,212, No debt

2013 $1,454,688, No debt

2014 $1,778,683, No debt

Currently: $2,422,139 ***

***Funny story: I have never paid attention to our bank checking or savings account. That is just a place where my pay checks go after deductions (Taxes, Health Insurance, 401K savings, etc.). My wife manages the bank accounts. She has been telling me for many years that she’s been stashing away money in the bank account just in case we needed it; she buys CDs. I’ve never asked her for details and we have never needed this money. Several months ago she again told me she had been putting away money; I could tell that she wanted me to ask her ‘how much have you saved? So, I finally did. She said that over the last 25 years she has saved a total $500,180. I was flooded. I gave her a hug and a kiss and we spit a nice bottle of red wine. I’m so lucky to have her in my life!

I have 12 months more to work until retirement....Hey Hey!!!


How have you gotten like a 40% increase YTD from 2014?

jed2009
Posts: 62
Joined: Fri Apr 24, 2015 3:02 pm
Contact:

Re: Share your networth progression

Postby jed2009 » Thu May 21, 2015 10:03 pm

Bacchus01 wrote:How have you gotten like a 40% increase YTD from 2014?


He just realized his wife had saved 500k in the bank.

User avatar
sperry8
Posts: 1330
Joined: Sat Mar 29, 2008 9:25 pm
Location: Marina del Rey, CA

Re: Share your networth progression

Postby sperry8 » Thu May 21, 2015 10:51 pm

tyrnup13 wrote:
angelescrest wrote:
tyrnup13 wrote:I haven't kept track, but the post got me wondering.

Here are estimates...

2008: -35,000. Got first job, started paying back student loans. Age 32.
2009: +65,000
2010: +265,000
2011: +465,000
2012: +715,000 Bought house, paid cash.
2013: +990,000
2014: +1,292,000
1/1/2015: 1,830,000
5/13/2015: 2,140,000 Age 39.

This was a fun post, made me realize I've come a long way, and is good for reflection. I've made my fair share of mistakes, but overall, things are progressing well!

You're the winner?! Some context...



Finished residency in 2008, so salary went up a lot. Still lived resident lifestyle the past seven years, so all the extra has gone to savings. Also have a great wife who is even more careful with money than me.

I hadn't tracked net worth before this post, so I've realized things have gone well and that it's time to relax a bit...

One other point: I had to buy into a medical property as part of my partnership. We sold that in 2014, which accounts for the large gains that year. Other than that, I use standard three fund portfolio.


even before you sold your property you had some amazing growth (from debt to $1.3 million in 6 years). I'd imagine that has not much to do with the 3 fund portfolio and more to do with the fact that you must earn a substantial salary and save almost all of it. Is this true?
Certainty is a requirement of ignorance. | Humbling Contest results: | 2016: #121 of 610 | 2015: #18 of 552 | 2014: #225 of 503 | 2013: #383 of 433 | 2012: #366 of 410 | 2011: #113 of 369 | 2010: #53 of 282

tyrnup13
Posts: 42
Joined: Wed Aug 07, 2013 7:59 pm

Re: Share your networth progression

Postby tyrnup13 » Fri May 22, 2015 5:22 am

sperry8 wrote:
tyrnup13 wrote:
angelescrest wrote:
tyrnup13 wrote:I haven't kept track, but the post got me wondering.

Here are estimates...

2008: -35,000. Got first job, started paying back student loans. Age 32.
2009: +65,000
2010: +265,000
2011: +465,000
2012: +715,000 Bought house, paid cash.
2013: +990,000
2014: +1,292,000
1/1/2015: 1,830,000
5/13/2015: 2,140,000 Age 39.

This was a fun post, made me realize I've come a long way, and is good for reflection. I've made my fair share of mistakes, but overall, things are progressing well!

You're the winner?! Some context...



Finished residency in 2008, so salary went up a lot. Still lived resident lifestyle the past seven years, so all the extra has gone to savings. Also have a great wife who is even more careful with money than me.

I hadn't tracked net worth before this post, so I've realized things have gone well and that it's time to relax a bit...

One other point: I had to buy into a medical property as part of my partnership. We sold that in 2014, which accounts for the large gains that year. Other than that, I use standard three fund portfolio.


even before you sold your property you had some amazing growth (from debt to $1.3 million in 6 years). I'd imagine that has not much to do with the 3 fund portfolio and more to do with the fact that you must earn a substantial salary and save almost all of it. Is this true?
You are correct--I have been fortunate in that regard, and that has been the biggest factor in net worth progression.

You are correct--I have been fortunate in that regard, and that has been the biggest factor in net worth progression. It is definitely not due to gains from my investments.

tyrnup13
Posts: 42
Joined: Wed Aug 07, 2013 7:59 pm

Re: Share your networth progression

Postby tyrnup13 » Fri May 22, 2015 5:23 am

tyrnup13 wrote:
sperry8 wrote:
tyrnup13 wrote:
angelescrest wrote:
tyrnup13 wrote:I haven't kept track, but the post got me wondering.

Here are estimates...

2008: -35,000. Got first job, started paying back student loans. Age 32.
2009: +65,000
2010: +265,000
2011: +465,000
2012: +715,000 Bought house, paid cash.
2013: +990,000
2014: +1,292,000
1/1/2015: 1,830,000
5/13/2015: 2,140,000 Age 39.

This was a fun post, made me realize I've come a long way, and is good for reflection. I've made my fair share of mistakes, but overall, things are progressing well!

You're the winner?! Some context...



Finished residency in 2008, so salary went up a lot. Still lived resident lifestyle the past seven years, so all the extra has gone to savings. Also have a great wife who is even more careful with money than me.

I hadn't tracked net worth before this post, so I've realized things have gone well and that it's time to relax a bit...

One other point: I had to buy into a medical property as part of my partnership. We sold that in 2014, which accounts for the large gains that year. Other than that, I use standard three fund portfolio.


even before you sold your property you had some amazing growth (from debt to $1.3 million in 6 years). I'd imagine that has not much to do with the 3 fund portfolio and more to do with the fact that you must earn a substantial salary and save almost all of it. Is this true?


You are correct--I have been fortunate in that regard, and that has been the biggest factor in net worth progression. It is definitely not due to gains from my investments.

mnsportsgeek
Posts: 96
Joined: Mon Jan 19, 2015 1:39 pm

Re: Share your networth progression

Postby mnsportsgeek » Fri May 22, 2015 12:31 pm

January 2013: No idea. Probably a couple thousand in a bank account as a college kid.
January 2014: ~$10,000
January 2015: ~$40,000
Today: ~$60,000 (about $15,000 in retirement accounts)

100k is in sight!

mnsportsgeek
Posts: 96
Joined: Mon Jan 19, 2015 1:39 pm

Re: Share your networth progression

Postby mnsportsgeek » Fri May 22, 2015 12:34 pm

Bacchus01 wrote:
How have you gotten like a 40% increase YTD from 2014?


Probably has something to do with the 500k his wife saved.


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