Share your net worth progression

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NOLA
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Re: Share your story of how you got wealthy

Postby NOLA » Fri May 22, 2015 12:56 pm

nakedbird226 wrote:My net worth just became positive a week ago...Hopefully in 10 years or so from now I'll be able to share a story. 8-)

Edit
8/12/13 net worth = - $ 24,000
5/13/14 net worth = ~ $ 300

I am thankful it took me less than a year to get out of the red.


Awesome, keep it up!

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mickeyd
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Re: Share your networth progression

Postby mickeyd » Fri May 22, 2015 4:04 pm

I don't have any numbers to share as it's too much work to dig them up.

1. LBYM

2. Save/invest regularly

3. Invest in equities over the long term

4. Enjoy retirement
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FItoBFree
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Re: Share your networth progression

Postby FItoBFree » Sat Jun 06, 2015 4:03 pm

Bacchus01 wrote:I have 12 months more to work until retirement....Hey Hey!!!


How is 2.4 million not enough to retire now??

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blueblock
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Re: Share your networth progression

Postby blueblock » Sat Jun 06, 2015 5:40 pm

I don't have detailed records going back that far, but I can well remember my net worth in 1991 at age 36. It was minus $13,000.

I left a banking career and returned to school while working part time, eventually getting an MA, so that "minus" represents my student loan balance less a bit of cash upon graduating.

Today, I'm retired at 63. Net worth is $1.2 million.

How I got from there to here is the same as many posting in this thread:

- Generally privileged, generally healthy, generally lucky

- Worked my butt off at work for twenty-five years at a career I loved, getting promoted several times from an entry-level position until, in 1998, the board hired me to run the joint. Starting salary: $7,600. Ending salary: $163K

- Bought less of a condo than I could afford and stayed put for 20 years

- I wouldn't say I'm especially frugal--I like nice things, and vacations, and paying people to do work I hate, like painting or housekeeping--but otherwise I live simply. (There are only so many Room & Board pieces that will fit into a two-bedroom condo)

- During the recession, after the initial "WTF is going on" months, I recognized the buying opportunity and plowed every extra dollar into my portfolios

I should perhaps add that before I pulled the retirement trigger, I knew exactly how much money I would need for expenses. I can live handsomely on $60K annually, and early SS is covering $20K of that.

Bacchus01
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Re: Share your networth progression

Postby Bacchus01 » Mon Jun 15, 2015 9:15 am

FItoBFree wrote:
Bacchus01 wrote:I have 12 months more to work until retirement....Hey Hey!!!


How is 2.4 million not enough to retire now??


Wouldn't even be close. We're in our 40s with 3 kids still at home planning to go to college some day. At a 3% wdrawl rate, we'd need $4M+ for our current expense rate. Could we cut spending? Maybe, but why would I want to?

Valuethinker
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Re: Share your networth progression

Postby Valuethinker » Mon Jun 15, 2015 9:28 am

Age 18: debt free, asset free

Age 30: debt free, some assets

Age 40: debt free, dot com theoretical millionaire

Age 50: lots of housing equity, lots of housing debt, some financial assets-- falling interest rates mean I am probably worse off than I was 7 years ago (in terms of the annuity income that my asset base can create). Small defined benefit pension from former employer. We won't starve.

50-something: more housing equity. A bit less housing debt. Annuity rates keep falling.

In the end, the only thing that matters is ability to meet future expenses once work ceases. Translated as the annuity value of your assets. And since annuity rates have plunged, most people are probably worse off.

There's big time money illusion going on, because people look at the stock of assets, rather than the flow.

Also if I had taken all my money and put it into London property in the last 20 years then I would be rich, my man. Rich! Stocks were about the lousiest investment decision I ever made.

katnok
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Re: Share your networth progression

Postby katnok » Mon Jun 15, 2015 10:45 am

2007 (age 30) - 12k (salary- 42k)
2010 (age 33) 20k (salary bumped to 190k)
2015 (age 38) 700k (salary ~ 190k)

Married. Single income. 2 kids, one in preschool and the other in private school (approx 14k/yr for both).
Renting. No debt except for auto loan
Over the past 5 years, we have saved ~ 90k/yr (about 50% of gross income).
Goal: Hit 2 mil by 50

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bengal22
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Re: Share your networth progression

Postby bengal22 » Mon Jun 15, 2015 10:57 am

Valuethinker wrote:Age 18: debt free, asset free

Age 30: debt free, some assets

Age 40: debt free, dot com theoretical millionaire

Age 50: lots of housing equity, lots of housing debt, some financial assets-- falling interest rates mean I am probably worse off than I was 7 years ago (in terms of the annuity income that my asset base can create). Small defined benefit pension from former employer. We won't starve.

50-something: more housing equity. A bit less housing debt. Annuity rates keep falling.

In the end, the only thing that matters is ability to meet future expenses once work ceases. Translated as the annuity value of your assets. And since annuity rates have plunged, most people are probably worse off.

There's big time money illusion going on, because people look at the stock of assets, rather than the flow.

Also if I had taken all my money and put it into London property in the last 20 years then I would be rich, my man. Rich! Stocks were about the lousiest investment decision I ever made.


I understand your point of view regarding flow versus assets but I equate the potential for flow with the size of my portfolio. I may have some in stocks but that can be liquidated or transfered to cash producing funds when I need them. I am happy with seeing my portfolio grow until I need it.

Morik
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Re: Share your networth progression

Postby Morik » Mon Jun 15, 2015 11:19 am

1) Parents paid for college (no debt). (I did work during college, but just for spending money; they covered rent, food, tuition, books, etc). This is a huge boost to early wealth. (And I realize I had nothing to do with it.)

2) Parents helped with first house purchase to the tune of $250k (~half up front, ~half over 10 years)

3) I work in a high salary industry

4) Max out tax advantaged space annually. (Currently saving $92k/year tax-advantaged)

5) Would be better off with lower expenses... balance sheet is barely positive (but that is after all the tax-advantaged savings).

Current total savings: ~750k (250k taxable (earmarked for non-retirement stuff), 500k retirement)
Age: we are both 33

BW1985
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Re: Share your networth progression

Postby BW1985 » Tue Jun 16, 2015 2:57 pm

2007: graduated college
2008: salary 55k / NW 15k
2010: found Bogleheads :mrgreen:
2015: salary 88k / NW 400k
"Squirrels figured out how to save eons ago. They buried acorns. Some, they dug up, for food. Others, they let to sprout, in new oak trees. We could learn from squirrels." -john94549

jay22
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Re: Share your networth progression

Postby jay22 » Tue Jun 16, 2015 3:17 pm

katnok wrote:2007 (age 30) - 12k (salary- 42k)
2010 (age 33) 20k (salary bumped to 190k)

2015 (age 38) 700k (salary ~ 190k)

Married. Single income. 2 kids, one in preschool and the other in private school (approx 14k/yr for both).
Renting. No debt except for auto loan
Over the past 5 years, we have saved ~ 90k/yr (about 50% of gross income).
Goal: Hit 2 mil by 50

That is a massive salary increase in 3 years! May I ask what kind of work you do?

Cindyjrn
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Re: Share your networth progression

Postby Cindyjrn » Tue Jun 16, 2015 3:30 pm

We never paid much attention to this until recently but I do know this for sure:

1998 - The year we got married (second marriage for both of us) $0
1999 - The year we bought our home -$25k (new mortgage, two car loans, various credit card debt)
2015 - $600k

We have about five years left on our mortgage. No credit card debt for years. No car loans. No second on our home. Our biggest bill besides our mortgage is our electric bill and we're having solar installed in two weeks. Our solar loan and mortgage will both be paid off in about 5 years at which point we will be completely debt free. Our savings rate is ~30% and rising.
Last edited by Cindyjrn on Wed Jun 17, 2015 9:35 am, edited 1 time in total.

livesoft
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Re: Share your networth progression

Postby livesoft » Tue Jun 16, 2015 3:33 pm

jay22 wrote:That is a massive salary increase in 3 years! May I ask what kind of work you do?

Looks like going from being a student to gainfully employed in a professional capacity. MBA? JD? MD? etc.
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Toons
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Re: Share your networth progression

Postby Toons » Tue Jun 16, 2015 7:05 pm

mickeyd wrote:I don't have any numbers to share as it's too much work to dig them up.

1. LBYM

2. Save/invest regularly

3. Invest in equities over the long term

4. Enjoy retirement


+1 :happy
I have the numbers but no need to post :happy .I agree with your 4 tenets.
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee

nakedbird226
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Re: Share your networth progression

Postby nakedbird226 » Wed Jun 17, 2015 7:51 am

It is fun to look back at these posts. Below in red is what I posted a little over a year ago. I seem to be headed on the right track!

8/12/13 net worth = -$ (24,000)
5/13/14 net worth = $ 300
6/17/15 net worth = $ 49,350

My net worth just became positive a week ago...Hopefully in 10 years or so from now I'll be able to share a story. 8-)

Edit
8/12/13 net worth = - $ 24,000
5/13/14 net worth = ~ $ 300

I am thankful it took me less than a year to get out of the red
.

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M_to_the_G
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Re: Share your networth progression

Postby M_to_the_G » Wed Jun 24, 2015 2:25 am

nakedbird226 wrote:It is fun to look back at these posts. Below in red is what I posted a little over a year ago. I seem to be headed on the right track!

8/12/13 net worth = -$ (24,000)
5/13/14 net worth = $ 300
6/17/15 net worth = $ 49,350

My net worth just became positive a week ago...Hopefully in 10 years or so from now I'll be able to share a story. 8-)

Edit
8/12/13 net worth = - $ 24,000
5/13/14 net worth = ~ $ 300

I am thankful it took me less than a year to get out of the red
.



Very impressive accomplishment there. Kudos to you! :sharebeer
"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

2Birds1Stone
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Re: Share your networth progression

Postby 2Birds1Stone » Wed Jun 24, 2015 1:56 pm

Start Of Year
2010 - $15,000 First year working full time
2011 - $30,000
2012 - $45,000
2013 - $65,000
2014 - $90,000
2015 - $105,500
6/24/15 - $123,000

albireo13
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Re: Share your networth progression

Postby albireo13 » Wed Jun 24, 2015 7:40 pm

OK, here's where I am at 59.5 yo. The .last 10 years have been devastating with life events but ....

Debt:
$300K mortgage
$10K CC debt
$11K college loans
$ 2K car loan

Assets:
~$450K RE equity
$500K in IRAs or 401Ks
2 pensions worth > $700K

I need to crank the next 5 years on savings!

NET1
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Re: Share your networth progression

Postby NET1 » Wed Jun 24, 2015 9:21 pm

March 2009 - Negative
March 2010 - $10K
March 2011 - $45K
March 2012 - $76K
March 2013 - $127K
March 2014 - $156K
March 2015 - $203K
June 2015 - $218K

Currently 28. Student loans and 0% CC debt are offset by home equity and cash. Investments total $212K. 100% stocks via VINIX, VTSAX, VHCOX, VSGAX, TRBCX and VEXAX (some of these were chosen based on 401(k) provider availability). Will be combining the VHCOX, VSGAX and VEXAX into one VFWAX, VTIAX or VWILX position at the end of this year. Working on ratcheting up savings each year while still enjoying today.

Edit: December 2015: $238K
Edit: April 2016: $261K
Edit: July 2016: $280K
Edit: November 2016: $286K
Last edited by NET1 on Sat Dec 03, 2016 1:22 pm, edited 4 times in total.

hoops777
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Re: Share your networth progression

Postby hoops777 » Thu Jun 25, 2015 6:40 pm

There is so much good advice on this forum and not just investing advice.People become successful for a reason and it is great to have so many here to offer opinions and advice.I wish I had access to this forum when I was in my twenties and thirties......and forties and fifties :D
K.I.S.S........so easy to say so difficult to do.

Icarus961
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Re: Share your networth progression

Postby Icarus961 » Thu Jun 25, 2015 7:14 pm

Found FI resources Spring of 2013, started getting into it a lot more, wound up at Bogleheads ~Nov '13.

Started out with a ton of student loans. Since then I've basically been living hand-to-the bank's mouth to clear them as quickly as possible. Almost there!

June 2011: -$120k (Salary $52k)
June 2012: -$99k
June 2013: -$58k
June 2014: -$589 (so close to even!)
June 2015: $45k (Salary $70k)
June 2016: $81.5k
Last edited by Icarus961 on Sun Aug 14, 2016 5:35 pm, edited 1 time in total.

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duffman12
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Re: Share your networth progression

Postby duffman12 » Thu Jun 25, 2015 8:16 pm

19 and have a net worth around ~$17,000
aiming for 20k by the end of the year! :D :D
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thefireguy
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Re: Share your networth progression

Postby thefireguy » Thu Jun 25, 2015 11:40 pm

Mid 20's TINK - Household income ~ $135K

2011: approx. $10K
2012: approx. $55K
2013: approx. $110K
2014: approx. $145K

On pace for around $190K by end of the year...

engineer4286
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Re: Share your networth progression

Postby engineer4286 » Thu Jun 25, 2015 11:50 pm

Just started tracking monthly since July of 2013.

May 2009 = -100k net worth approximately, just graduated (combine income of about 40k)
2010 - combined income of about 70k
2011 - combined income of about 70k
2012 - combined income of about 140k
2013 - wife stayed at home with my salary at 150k

7/1/13 = 34k
8/1/13 = 43k
9/1/13 = 42k
10/1/13 = 48k
11/1/13 = 53k
12/1/13 = 60k
1/1/14 = 65k
2/1/14 = 64k
3/1/14 = 72k
4/1/14 = 85k
5/1/14 = 91k
6/1/14 = 95k
7/1/14 = 101k
8/1/14 = 102k
9/1/14 = 110k
10/1/14 = 127k
11/1/14 = 130k
12/1/14 = 136k
1/1/15 = 136k
2/1/15 = 131k
3/1/15 = 141k
4/1/15 = 153k
5/1/15 = 163k
6/1/15 = 163k

We rent in a HCOL area: $2700/mo (2 small kids stay at home with momma)
Only debt left is $12,000 student loans at 4%
Liquid Cash is a little over $50000 (trying to buy a house sometime, the sooner the better)

It's always nice to put the numbers on paper and see progress.

All the best everyone. Our goal is to have 1 Million NW by the time either of us hits age 40. We are 30 and 31 right not.

LateStarter1975
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Re: Share your networth progression

Postby LateStarter1975 » Fri Jun 26, 2015 10:54 pm

nakedbird226 wrote:It is fun to look back at these posts. Below in red is what I posted a little over a year ago. I seem to be headed on the right track!

8/12/13 net worth = -$ (24,000)
5/13/14 net worth = $ 300
6/17/15 net worth = $ 49,350

My net worth just became positive a week ago...Hopefully in 10 years or so from now I'll be able to share a story. 8-)

Edit
8/12/13 net worth = - $ 24,000
5/13/14 net worth = ~ $ 300

I am thankful it took me less than a year to get out of the red
.



You are killing it...all the best
Debt is dangerous...simple is beautiful

mr_orange
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Re: Share your networth progression

Postby mr_orange » Sun Jun 28, 2015 5:49 pm

2004 $101,084.70
2005 $145,856.75
2006 $239,128.29
2007 $316,228.28
2008 $414,209.06
2009 $525,884.27
2010 $629,271.74
2011 $598,125.68
2012 $709,934.25
2013 $851,752.88
2014 $978,866.12
2015 $1,378,866.12 (Should be pretty close....estimated)
2016 $1,778,866.12 (Estimated)

I had data before this, but our house was broken into in 2004 and I lost it. Lately our growth is far more a function of investment returns than it is from savings or W2 income. Our business is growing too so hopefully we'll continue freeing ourselves from our W2 in the coming years.

2011 sucked....worked a whole year and lost money. Hopefully that won't happen too often.

smpurs
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Re: Share your networth progression

Postby smpurs » Tue Jun 30, 2015 3:09 am

My first 3 years are a guestimation. But it is including everything since I don’t have much to calculate.

YE 2010 (Age 20) -$3,000
Joined the military in Oct 2010
$4,500 in student loans (deferred to 2016)
Salary about $17,000
YE 2011 (Age 21) -$17,000
Bought my first car (2008 Jeep Wrangler)
Got stationed in Alaska (helped a lot with saving money)
Salary about $23,000
YE 2012 (Age 22) -$5,500
Salary about $26,000
YE 2013 (Age 23) $3,000
Got married (wife 8 months older than me)
Bought a hybrid and sold the jeep
Her car was already paid off
About $15,000 in student loans between the both of us
Salary about $31,000
Her salary about $48,000
YE 2014 (Age 24) $73,500
Finally opened retirement accounts (2 for me and 2 for her)
Sold her car
Moved to be stationed in Germany
Paid of her student loans in Jan of that year
Salary about $35,000
Her salary about $52,000
1 Jul 2015 (Age 25) $98,000
Completed move to Germany (cost about $16,000 to move when all was said and done)
Salary about $40,000
Her salary about $61,000

My goal is to be at $150,000 by YE 2015. But with the traveling and the home furnishing (we moved to Germany with a couch and kitchen supplies), I'm hoping to still put in as much as we can into the market and hope that it's good to us.

head gamez
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Re: Share your networth progression

Postby head gamez » Tue Aug 04, 2015 8:11 pm

My first post on the subject....

Age 31, NW = 350K

Just recently started tracking a few months ago, but now I log it every month.

Curious how I'm doing at my age.... Will eventually do a full post on our finances for full evaluation from the board.

Grt2bOutdoors
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Re: Share your networth progression

Postby Grt2bOutdoors » Tue Aug 04, 2015 8:18 pm

head gamez wrote:My first post on the subject....

Age 31, NW = 350K

Just recently started tracking a few months ago, but now I log it every month.

Curious how I'm doing at my age.... Will eventually do a full post on our finances for full evaluation from the board.


You've got a ways to go, this is the Bogleheads....the uber savers of the world reside here. :D

Only kidding!! You are doing great!
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Boomer01
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Re: Share your networth progression

Postby Boomer01 » Wed Aug 05, 2015 9:05 am

I am 32 and hit 100K net worth about a month ago. I may be a little behind some, but I've got momentum and time on my side.

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InvestorNewb
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Re: Share your networth progression

Postby InvestorNewb » Wed Aug 05, 2015 9:13 am

Valuethinker wrote:Age 40: debt free, dot com theoretical millionaire.

What do you mean by theoretical millionaire? I also happen to be a dot com guy... but was curious about this.
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)

guitarguy
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Re: Share your networth progression

Postby guitarguy » Wed Aug 05, 2015 10:24 am

I was going to start a new thread to share this...but here is as good a spot as any! Very excited that our portfolio just hit 6 figures last month. I know it's a small accomplishment, and it's only loosely related to this thread, but it was still pretty damn exciting for us to see the number actually realized. I'll make an independent thread when we hit 7 figures! :mrgreen: :beer

Net worth (at end of calendar year) including / excluding home equity:
**I find it interesting to look at it when you exclude home equity too...just debts vs cash+investments.

2011: ($47k) / ($122k)
2012: ($4k) / ($89k)
2013: $39k / ($55k)
2014: $102k / ($22k)
Current: $158k / $19k **FINALLY a positive number in that 2nd column!! 8-)

easye418
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Re: Share your networth progression

Postby easye418 » Wed Aug 05, 2015 10:26 am

Grt2bOutdoors wrote:
head gamez wrote:My first post on the subject....

Age 31, NW = 350K

Just recently started tracking a few months ago, but now I log it every month.

Curious how I'm doing at my age.... Will eventually do a full post on our finances for full evaluation from the board.


You've got a ways to go, this is the Bogleheads....the uber savers of the world reside here. :D

Only kidding!! You are doing great!



Heh... I don't think you are kidding about BH users.

I do think he is doing fantastic at $350k at 31.

best2u
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Re: Share your networth progression

Postby best2u » Wed Aug 05, 2015 12:21 pm

My investments timeline:
Saved my first $1000 in 1981
Then $10,000 in 1990
$90,000 in 1999
$170,000 in 2007
back to $90,000 in early 2009
mid 6 figures Aug 2015. Currently invested 53%-47%. Hope to retire in 2 and one half years at 63. Make $32,000 per year from my day job at a non-profit and save $375 per month. Consider myself a 75 per center. Along the way we have been debt free since 1995, raised three fine children, and enjoyed our lives. Like everyone else, if I had it to do over the only thing different I would have done is bought Apple and Netflix when they went public. :D
Last edited by best2u on Fri Aug 21, 2015 2:26 pm, edited 1 time in total.
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uwbadgers
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Re: Share your networth progression

Postby uwbadgers » Wed Aug 05, 2015 4:04 pm

Included in my NW
Assets: Roth Him, Roth Her, 401k her, small trust fund, Cash, House value, Condo value
Debts: House, Condo, CC


Married 2012
1st Kid 2/1/14
2nd Kid TBD (11/18/15 due date)


3/1/13---156k---began tracking finances

8/1/13---203k---bought house for 309k, renting out condo

8/1/14---286k---Finished off basement in house, re-assessed for 340k

8/1/15---386k---payed 60k off rental prop since 8/1/14, also saving ~2k/month retirement, good income year for wife, 2 windfalls of 10k


Since tracking began 3/1/13 retirement funds have went from 78k to 163k. No large expenses planned (baby #2 in November) but cost overall for that isn't much. Should hit 400k within 2 months!

Semi-related to all of this, I recently created a more efficient work schedule for myself
Mon-Thurs 5am-1pm
Fri 5-7am

So, basically I get a 3 day weekend. Yes, I know 5am is weird for most, but I'm a personal trainer and very used to it :) Will be a nice switch up as I can be home all day Fridays with the 2 kids (newborn in Nov and 1.5 year old currently) and my wife can work a bit more as she makes a lot more than me!

LateStarter1975
Posts: 633
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Re: Share your networth progression

Postby LateStarter1975 » Thu Aug 06, 2015 10:09 am

katnok wrote:2007 (age 30) - 12k (salary- 42k)
2010 (age 33) 20k (salary bumped to 190k)
2015 (age 38) 700k (salary ~ 190k)

Married. Single income. 2 kids, one in preschool and the other in private school (approx 14k/yr for both).
Renting. No debt except for auto loan
Over the past 5 years, we have saved ~ 90k/yr (about 50% of gross income).
Goal: Hit 2 mil by 50


Uber impressive!!!
Debt is dangerous...simple is beautiful

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tnbison
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Re: Share your networth progression

Postby tnbison » Thu Aug 06, 2015 10:55 am

tnbison wrote:1/1/2007: -24,000
1/1/2008: 500
1/1/2009: 15,700
1/1/2010: 32,000
1/1/2011: 64,100
1/1/2012: 140,230
1/1/2013: 220,905
1/1/2014: 309,338

2014 YTD: 331,212

age 29


1/1/2015: $376,832

2015 YTD: $430,000

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 Aug 06, 2015 12:18 pm

Bacchus01 wrote:
FItoBFree wrote:
Bacchus01 wrote:I have 12 months more to work until retirement....Hey Hey!!!


How is 2.4 million not enough to retire now??


Wouldn't even be close. We're in our 40s with 3 kids still at home planning to go to college some day. At a 3% wdrawl rate, we'd need $4M+ for our current expense rate. Could we cut spending? Maybe, but why would I want to?


So then how will 12 months close the $1.6 million gap? It's going to be quite a year apparently! :sharebeer
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

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

Re: Share your networth progression

Postby Bacchus01 » Fri Aug 07, 2015 12:00 pm

sperry8 wrote:
Bacchus01 wrote:
FItoBFree wrote:
Bacchus01 wrote:I have 12 months more to work until retirement....Hey Hey!!!


How is 2.4 million not enough to retire now??


Wouldn't even be close. We're in our 40s with 3 kids still at home planning to go to college some day. At a 3% wdrawl rate, we'd need $4M+ for our current expense rate. Could we cut spending? Maybe, but why would I want to?


So then how will 12 months close the $1.6 million gap? It's going to be quite a year apparently! :sharebeer

That wasn't my quote.

I said $2.4M wasn't enough to retire.

The other person asked why.

I am not the one retiring in 12 months, that's the OP.

FItoBFree
Posts: 19
Joined: Fri May 29, 2015 12:44 am

Re: Share your networth progression

Postby FItoBFree » Tue Aug 25, 2015 8:45 pm

My net worth just became positive this past April.

Here is a summary:
Jan 2011 - $0, still in college (it may not have been $0 but I didn't track and had no savings)
Jan 2012 - ($125,010.41); student loans entered repayment period Nov 2011, salary $60k
Jan 2013 - ($112,131.77); salary $60k until Feb 2013 when I was laid off, unemployed until Aug 2013 -- loans in deferment approx 6 mos
Jan 2014 - ($110,332.26); new salary ~$73k (Aug 2013-Mar 2014)
Jan 2015 - ($48,166.05); new salary ~$208k (Mar 2014-present)
Feb 2015 - ($33,920.31)
Mar 2015 - ($12,041.09)
Apr 2015 - $3,511.31
May 2015 - $11,851.51
Jun 2015 - $21,773.97
Jul 2015 - $33,481.72
Aug 2015 - $44,385.49; student loans paid off - 46 months of payments totaling $153,111.64

Average savings rate for 2015 = 76% (mostly eaten by loans but now that they are destroyed, let the games begin!)

Age = 26
Married. Single income. No kids. Renting. No car.
Goal: Be financially independent in roughly 5 years
Last edited by FItoBFree on Tue Sep 01, 2015 12:24 am, edited 5 times in total.

User avatar
market timer
Posts: 5734
Joined: Tue Aug 21, 2007 1:42 am

Re: Share your networth progression

Postby market timer » Tue Aug 25, 2015 8:49 pm

FItoBFree wrote:Jan 2014 - ($110,332.26); new salary ~$73k (Aug 2013-Mar 2014)
Jan 2015 - ($48,166.05); new salary ~208k (Mar 2014-present)

How did you get this salary bump?

FItoBFree
Posts: 19
Joined: Fri May 29, 2015 12:44 am

Re: Share your networth progression

Postby FItoBFree » Tue Aug 25, 2015 8:56 pm

market timer wrote:
FItoBFree wrote:Jan 2014 - ($110,332.26); new salary ~$73k (Aug 2013-Mar 2014)
Jan 2015 - ($48,166.05); new salary ~208k (Mar 2014-present)

How did you get this salary bump?

The ~$73k job was technically $35/hr in a temporary consulting gig in the midwest. I currently work in healthcare IT, also consulting (and in Silicon Valley) @ $100/hr

dziuniek
Posts: 304
Joined: Mon Jul 23, 2012 2:54 pm
Location: Corrupticut

Re: Share your networth progression

Postby dziuniek » Wed Dec 02, 2015 3:53 pm

bump.

Just because it's one of my faves.

JimmyD
Posts: 659
Joined: Fri Sep 27, 2013 4:03 pm
Location: Smyrna, GA

Re: Share your networth progression

Postby JimmyD » Wed Dec 02, 2015 4:02 pm

Wow. Went back and looked at my last post in this thread and it was almost exactly one year ago:

December 2013 (31 yo): -$78,958 (yes, negative)
December 2014 (32 yo): $19,978 (yes, positive)


Being that another year has passed, I get to add another entry.

December 2015 (33 yo): $134,202

Not a bad gain in one year, although I'll admit that it was due in large part to a big jump in home equity due to appreciation.

User avatar
oldzey
Posts: 557
Joined: Sun Apr 13, 2014 8:38 pm
Location: Land of Lincoln

Re: Share your networth progression

Postby oldzey » Wed Dec 02, 2015 4:23 pm

December 2010 (43 y.o.): ($15,000) Graduated from grad school with outstanding loans.
December 2015 (48 y.o.): $103,000 Loans paid off in full. No debt. Assistant professor for 3.5 years. Over halfway to tenure. :D

I've only been closely tracking my net worth progression for a year now, but here's the data:

1/1/2015 $70,639
2/1/2015 $71,470
3/1/2015 $75,860
4/1/2015 $79,844
5/1/2015 $83,684
6/1/2015 $86,337
7/1/2015 $88,593
8/1/2015 $92,378
9/1/2015 $91,009
10/1/2015 $92,644
11/1/2015 $98,955
12/1/2015 $103,059
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

chicagoan23
Posts: 135
Joined: Thu Jan 29, 2015 4:34 pm

Re: Share your networth progression

Postby chicagoan23 » Wed Dec 02, 2015 5:11 pm

I have been curious about this topic as well. Very interesting posts in here, thank you to this community!

May 2000: Approx. ($68,000) -- law school and undergrad loans. Was such a shocking number to me at the time.
June 2001: Bought first condo, positive "net worth" around $30,000 but 10 times that in student loan and mortgage debt.
December 2005: Approx. $235,000. Bought a house at pretty much the worst possible time.
Started keeping annual records in 2009 after the crash
January 2009: $419,216.56
January 2010: $521,389.63
January 2011: $634,215.50
January 2012: $678,604.86
January 2013: $828,997.73
January 2014: $1,037,853.44
January 2015: $1,195,997.18
This morning: $1,295,287.29

Current age: 40, annual gross income from law practice approximately $230k. Stay-at-home spouse and 4 young kids make saving more difficult. Very grateful to be where I am, and thankful for the returns of the past six years. Hope to see a run like that again in my lifetime. Hoping to retire in 25 years with net worth in the $5-$6 million range.

Still have about $15k in student loans at 2% interest almost 20 years later.

Atilla
Posts: 1102
Joined: Tue Feb 09, 2010 7:44 pm

Re: Share your networth progression

Postby Atilla » Wed Dec 02, 2015 5:57 pm

2004: $0; $27,000 credit card debt cancelled out 401k balance.
2005: $160,000; inherited $40Kto wipe out all debt with extra left over & married a woman with retirement savings and a house. :D
2006: $314,000
2007: 410,000
2008: 347,000; financial crisis platter with a side of unemployment
2009: 430,000; didn't panic - on the way back up. :D
2010: 519,000
2011: 553,000
2012: 671,000
2013: 817,000
2014: 916,000
Current: $1,007,000; a million isn't what it used to be but I'll take it.
The Village Idiot - here for your entertainment.

sawhorse
Posts: 2675
Joined: Sun Mar 01, 2015 7:05 pm

Re: Share your networth progression

Postby sawhorse » Wed Dec 02, 2015 11:09 pm

How are so many people posting net worth progressions that keep going up? The posts that have dips are the minority. I find it hard to believe that so many people didn't experience a drop at some point the past 10-15 years considering what the economy has done and what happened to real estate values, or a drop due to life events such as unemployment or parenting.

I'm pretty skeptical that the posts here are representative of the average population, or even of the average Boglehead population.

ausgenf
Posts: 64
Joined: Fri Aug 22, 2008 11:41 pm

Re: Share your networth progression

Postby ausgenf » Wed Dec 02, 2015 11:13 pm

2001: $84,000 (got married and graduated with no debt and some retirement savings from part-time job earnings).
2002: $99,000
2003: $146,000
2004: $221,000
2005: $266,000
2006: $353,000
2007: $435,000
2008: $375,000 (financial crisis)
2009: $677,000
2010: $1,032,000
2011: $1,466,000
2012: $1,739,000
2013: $2,154,000
2014: $2,554,000
2015: $2,766,000 (mostly financial assets, home owned free and clear valued at $160,000).

no kids, short period of unemployment in 2001, pay cut in 2005, still married to the same wonderful woman.

Gemini
Posts: 836
Joined: Sun May 20, 2012 8:10 am

Re: Share your networth progression

Postby Gemini » Wed Dec 02, 2015 11:57 pm

How do all of you track net worth? Using paper pencil?


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