Share your net worth progression

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BW1985
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Re: Share your net worth progression

Postby BW1985 » Mon Jan 23, 2017 4:26 pm

jbird11 wrote:Started using Personal Capital 40 months ago.

Started at 127K now 416K.

Wondering if $7K+ per month to NetWorth is good/bad based on $160K combined income?


Saving ~50% of your gross income. I'd say that's pretty darn good. :moneybag
"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

jbird11
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Re: Share your net worth progression

Postby jbird11 » Mon Jan 23, 2017 4:39 pm

BW1985 wrote:
jbird11 wrote:Started using Personal Capital 40 months ago.

Started at 127K now 416K.

Wondering if $7K+ per month to NetWorth is good/bad based on $160K combined income?


Saving ~50% of your gross income. I'd say that's pretty darn good. :moneybag



Some of it is in the form of paying off principal and market performance... I don't think I'm saving 50%...

BW1985
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Re: Share your net worth progression

Postby BW1985 » Mon Jan 23, 2017 4:45 pm

jbird11 wrote:
BW1985 wrote:
jbird11 wrote:Started using Personal Capital 40 months ago.

Started at 127K now 416K.

Wondering if $7K+ per month to NetWorth is good/bad based on $160K combined income?


Saving ~50% of your gross income. I'd say that's pretty darn good. :moneybag



Some of it is in the form of paying off principal and market performance... I don't think I'm saving 50%...


Ok, then adding ~50% of your gross income to your networth every year is pretty darn good. :happy

You can't control your market returns but you can control your savings (and debt pay off) so I would focus on that metric.
"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

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LadyGeek
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Re: Share your net worth progression

Postby LadyGeek » Mon Jan 23, 2017 5:10 pm

The Bogleheads blog Financial Page has a an excellent picture of building your net worth. See: Living below your means

Image

The wiki has some background info: Net worth

A link to the blog can be found on the left-side menu of every wiki page.

Update: Downgraded opinion of picture, see next post. :D

Update 01/24/2017: Image revised to fix spelling.
To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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Koogie
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Re: Share your net worth progression

Postby Koogie » Mon Jan 23, 2017 8:09 pm

Geez... that graphic could use some spellchecking !!! :shock: :wink:

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F150HD
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Re: Share your net worth progression

Postby F150HD » Tue Jan 24, 2017 6:48 am

Koogie wrote:Geez... that graphic could use some spellchecking !!! :shock: :wink:


Maybe its a subconscious reference to ING? That would be fitting.

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Sheepdog
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Re: Share your net worth progression

Postby Sheepdog » Tue Jan 24, 2017 8:25 am

I have not added to this long conversation because my "net worth" progression was late in life. I didn't invest in stocks and mutual funds until my mid 50s age, only Savings Bonds and CDs. I had a little stock investments before then, but my risk tolerance was so very low that I got out with a little drop.

I wrote to the Bogleheads the below comment years ago about my economic history. I will repeat it with an update to the present which will show my net worth progression over 8 decades.

No one had gone to college in my family. My father went thru the 11th grade and my mother the 8th. My sister had no interest in furthering her education. I paid my way to a junior college from 1951 to 1953 while working part time jobs, plus having a $500 scholarship. Following that, I couldn't afford to go to a university so I joined the active duty Marines. Upon discharge, I went to the Univ. of Florida under the GI Bill and graduated in 1960. I was fortunate.
I met my future wife while attending the University and married her 6 months after graduating. I did not see her in those 6 months as I had employment in N.J. I was fortunate.
We had 2 great children. They wouldn't have to pay their way to Purdue U. because we could afford to send them. We actually saved and invested relatively little until after they graduated. When we crammed our savings, we were very lucky. How lucky? At my age of 59 (1992) 6 years from retirement, we had a total of $132,000 plus a paid for house, with a modest pension coming. By retirement in 1998, after crash savings plus a good bull market, that was up to $460,000. Added to that was a $230,000 pension lump sum. We were fortunate.
There have been bull markets and bear markets since 1998. We have traveled to foreign lands several times. We have a nice house in a college town where we enjoy culture and sports. Our children are happy and successful. We are reasonably healthy for our age.. Those savings have provided good retirement income for over 18 years. Our 2017 overall net worth, including investments ($935K) and physical assets is $1.1 million. We are fortunate.
However good or bad a situation is, it will change

JD2775
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Re: Share your net worth progression

Postby JD2775 » Tue Jan 24, 2017 10:35 am

Here is a very rough outline of mine...

30 years old - $0 net worth
38 years old - Approx $100k, mostly in 401k opened when I was 31, little bit in Roth
41 years old (current) - $235k. ($185k in 401k, $30k in Roth, $20k in savings/cash)

2 things..

I really, really wish I started in my 20's but I was very low on cashflow during that time and never was disciplined with the cash I did have
I wish I would have put more towards my 401k during the 31-38 year old time frame.

Oh well, late starter trying to catch up!
Last edited by JD2775 on Tue Jan 24, 2017 11:09 am, edited 1 time in total.

Sandtrap
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Re: Share your net worth progression

Postby Sandtrap » Tue Jan 24, 2017 10:46 am

JD2775 wrote:Here is a very rough outline of mine...

30 years old - $0 net worth
38 years old - Approx $100k, mostly in 401k opened when I was 31
41 years old (current) - $235k. ($185k in 401k, $30k in Roth, $20k in savings/cash)

2 things..

I really, really wish I started in my 20's but I was very low on cashflow during that time and never was disciplined with the cash I did have
I wish I would have put more towards my 401k during the 31-38 year old time frame.

Oh well, late starter trying to catch up!

Stay the course. You're already far far ahead of your peers with negative net worth.
Congratulations! :sharebeer

Sandtrap
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Re: Share your net worth progression

Postby Sandtrap » Tue Jan 24, 2017 10:52 am

Sheepdog wrote:I have not added to this long conversation because my "net worth" progression was late in life. I didn't invest in stocks and mutual funds until my mid 50s age, only Savings Bonds and CDs. I had a little stock investments before then, but my risk tolerance was so very low that I got out with a little drop.

I wrote to the Bogleheads the below comment years ago about my economic history. I will repeat it with an update to the present which will show my net worth progression over 8 decades.

No one had gone to college in my family. My father went thru the 11th grade and my mother the 8th. My sister had no interest in furthering her education. I paid my way to a junior college from 1951 to 1953 while working part time jobs, plus having a $500 scholarship. Following that, I couldn't afford to go to a university so I joined the active duty Marines. Upon discharge, I went to the Univ. of Florida under the GI Bill and graduated in 1960. I was fortunate.
I met my future wife while attending the University and married her 6 months after graduating. I did not see her in those 6 months as I had employment in N.J. I was fortunate.
We had 2 great children. They wouldn't have to pay their way to Purdue U. because we could afford to send them. We actually saved and invested relatively little until after they graduated. When we crammed our savings, we were very lucky. How lucky? At my age of 59 (1992) 6 years from retirement, we had a total of $132,000 plus a paid for house, with a modest pension coming. By retirement in 1998, after crash savings plus a good bull market, that was up to $460,000. Added to that was a $230,000 pension lump sum. We were fortunate.
There have been bull markets and bear markets since 1998. We have traveled to foreign lands several times. We have a nice house in a college town where we enjoy culture and sports. Our children are happy and successful. We are reasonably healthy for our age.. Those savings have provided good retirement income for over 18 years. Our 2017 overall net worth, including investments ($935K) and physical assets is $1.1 million. We are fortunate.

Thank you "Sheepdog" for sharing.
I've always been inspired by real life "Horatio Alger" stories of struggle and success.
8 decades. . . . . wonderful.

sschullo
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Re: Share your net worth progression

Postby sschullo » Tue Jan 24, 2017 11:09 am

1994 started with $234,000
2016 now have 7 figure portfolio despite distributions since 2008: (contributions to a 403(b) plan until 2008 and selling two California pieces of real estate)
Below are the returns I earned (and lost).
There is a lot of investing history, and huge mistakes behind this graph. Still my late husband and I amassed a comfortable retirement nestegg.

Can you guess the year we learned the Boglehead way? :D

Image
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kenyan
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Re: Share your net worth progression

Postby kenyan » Tue Jan 24, 2017 11:50 am

Finished grad school at age 27 (married one year prior). Combined net worth/income estimates (definitely some guesswork in the earlier years), ignoring social security and small pension:

Graduation/Age 27: -80k / 20k
28: -50k / 90k
29: -10k / 115k
30: 40k / 120k
31: 80k / 125k
32: 150k / 130k
33: 230k / 140k
34: 350k / 150k
35: 440k / 155k
36: 530k / 175k
37: 670k / 200k
38: 850k / 210k
Retirement investing is a marathon.

Chadnudj
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Re: Share your networth progression

Postby Chadnudj » Tue Jan 24, 2017 12:00 pm

Chadnudj wrote:
JimmyD wrote:
Gemini wrote:I am leary about using online services that require sharing of passwords. With all of the hacking, it makes me a bit uneasy.


Yeah, that risk is the price you pay for the convenience. Will be worth it to some, not so much to others.


I use a Google Docs spreadsheet. I just log on once a month (always near the end of the month) to each of my accounts (investments, Zillow for rental property value, checking/savings, credit cards, student loans, mortgage accounts), put all the numbers into Google Docs, and I'm done. No "sharing passwords" that way. I suppose someone could hack in to Google Docs and read my net worth statements, but they wouldn't have access to to my actual accounts since I don't keep any passwords there or link them directly in anyway to an account (I use nicknames for each account at the top of each column that don't even mention the institution they are with), so that's a risk that I'm willing to take.

I posted back in May 2015, but since then, quite a bit of progress for me. (FYI: I use Zillow for my rental property, but use purchase price for the primary residence we just bought in July -- I've been tracking myself since January 2013, but only started tracking my wife and I combined since April 2014 so that's where I began....plus, I was out of work from June 2014-March 2015):

April 2014: $61k
April 2015: $96k
November 2015: $151k (thank you rental house appreciation!)

Needless to say, with what I hope to be a good bonus this year and 2 more paychecks for me before the year is over, I'm considering this year (or the past 1.5 years or so) a huge success for our family's net worth.


Might as well post another update, now that we're over a year later....

April 2014: $61k (age 34)
April 2015: $96k (age 35)
April 2016: $230k (age 36)
January 2017: $373k (age 37)

Definitely feeling blessed by a great job, a healthy and supportive and growing family, and thankful to this board and other sites for keeping me focused on making smart financial decisions (not always the perfect ones, but generally ones that point in the right direction).

aceoperations
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Re: Share your net worth progression

Postby aceoperations » Tue Jan 24, 2017 12:20 pm

Finished grad school at 27, got first job and started investing in 2011. Only started seriously tracking net worth in 2014.
Here's my progression:

Age / Net Worth / YoY / Income
30 / 100k / -- / 125k
31 / 150k / 50% / 128k
32 / 193k / 28% / 135k (medical emergency+new baby)
33 / 285k / 47% / 145k + 75k (spouse starts working)

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Will do good
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Re: Share your net worth progression

Postby Will do good » Tue Jan 24, 2017 12:47 pm

Sheepdog wrote:I have not added to this long conversation because my "net worth" progression was late in life. I didn't invest in stocks and mutual funds until my mid 50s age, only Savings Bonds and CDs. I had a little stock investments before then, but my risk tolerance was so very low that I got out with a little drop.

I wrote to the Bogleheads the below comment years ago about my economic history. I will repeat it with an update to the present which will show my net worth progression over 8 decades.

No one had gone to college in my family. My father went thru the 11th grade and my mother the 8th. My sister had no interest in furthering her education. I paid my way to a junior college from 1951 to 1953 while working part time jobs, plus having a $500 scholarship. Following that, I couldn't afford to go to a university so I joined the active duty Marines. Upon discharge, I went to the Univ. of Florida under the GI Bill and graduated in 1960. I was fortunate.
I met my future wife while attending the University and married her 6 months after graduating. I did not see her in those 6 months as I had employment in N.J. I was fortunate.
We had 2 great children. They wouldn't have to pay their way to Purdue U. because we could afford to send them. We actually saved and invested relatively little until after they graduated. When we crammed our savings, we were very lucky. How lucky? At my age of 59 (1992) 6 years from retirement, we had a total of $132,000 plus a paid for house, with a modest pension coming. By retirement in 1998, after crash savings plus a good bull market, that was up to $460,000. Added to that was a $230,000 pension lump sum. We were fortunate.
There have been bull markets and bear markets since 1998. We have traveled to foreign lands several times. We have a nice house in a college town where we enjoy culture and sports. Our children are happy and successful. We are reasonably healthy for our age.. Those savings have provided good retirement income for over 18 years. Our 2017 overall net worth, including investments ($935K) and physical assets is $1.1 million. We are fortunate.


Thanks for sharing Sheepdog.

JohnT2
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Re: Share your net worth progression

Postby JohnT2 » Tue Jan 24, 2017 2:46 pm

Hi Everybody,
I am quite new to BH, spending most of my time (up to now) over at the ER Forum. This one is great! So many great posts over so many areas.
I am sharing on this thread, since NW is the main milestone I use to track my progress, period. I calculate quarterly across all assets.
Since early in my career I have been focused (sometimes relentlessly) on accumulating wealth, so that I can achieve FI. I am sooooo close!
I have hard data from 1994 to present. Before that, I am estimating.

Keys for me, like some others, have been: 25 yr steady marriage to like-minded DW, own properties in SF Bay area for over 30 yrs, saving early and often in hi-tech jobs , LBYM, invest heavy in stocks. No major hiccups, mistakes, set backs or health issues - knock on wood. I am truly fortunate, that much I know - but also worked hard...

Year Age NW (all investments + real estate)
1982 21 0 start full time in hi tech
1983 22 20000
1984 23 25000
1985 24 50000 buy first home
1986 25 80000 DW buys her home
1987 26 110000
1988 27 200000
1989 28 240000
1990 29 280000
1991 30 310000 buy primary home, rent other homes
1992 31 450000 got married
1993 32 490000
1994 33 508700
1995 34 669100
1996 35 870200
1997 36 1220700
1998 37 1803832
1999 38 2612365
2000 39 3033100
2001 40 2751607
2002 41 2471603 dot com bust
2003 42 2871587
2004 43 3125609
2005 44 3500106
2006 45 3912089
2007 46 4399686
2008 47 3215436 great recession
2009 48 3732548
2010 49 4221127
2011 50 4714200
2012 51 4987400
2013 52 5755111
2014 53 6646953
2015 54 7212000
2016 55 7618642
2017 56 7644918 will retire this yr!!

Focus now is to position portfolio to produce income, with targeted WR, cash balance, etc. Then enjoy retirement!
Appreciate any and all comments...

BW1985
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Re: Share your net worth progression

Postby BW1985 » Tue Jan 24, 2017 3:15 pm

JohnT2 wrote:Hi Everybody,
Focus now is to position portfolio to produce income, with targeted WR, cash balance, etc. Then enjoy retirement!
Appreciate any and all comments...


In today's dollars you were a millionaire by 34. Wow! :sharebeer
"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

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LadyGeek
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Re: Share your net worth progression

Postby LadyGeek » Tue Jan 24, 2017 9:05 pm

I revised my earlier post, the image has been replaced to fix the spelling. FYI - I'm one of the blog administrators.

LadyGeek wrote:The Bogleheads blog Financial Page has a an excellent picture of building your net worth. See: Living below your means

Image

The wiki has some background info: Net worth

A link to the blog can be found on the left-side menu of every wiki page.

Update: Downgraded opinion of picture, see next post. :D

Update 01/24/2017: Image revised to fix spelling.
To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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InvestorNewb
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Re: Share your net worth progression

Postby InvestorNewb » Tue Jan 24, 2017 9:11 pm

With all do respect, the graphic looks like it belongs in a grade 7 textbook. :)
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)

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LadyGeek
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Re: Share your net worth progression

Postby LadyGeek » Tue Jan 24, 2017 9:29 pm

It's not much different than the one it replaced. You don't need complicated graphics to explain a simple concept.

If a 7th grader can understand net worth, that's great. Following the concept is the hard part.
To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

obgraham
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Re: Share your net worth progression

Postby obgraham » Wed Jan 25, 2017 12:30 am

Here's the reverse side of it all: What is the purpose of retirement planning? Well for me it is to live in retirement. Leaving an estate to my kids is lots further down my priority list.
The day I retired in 2000, age 55, I was at 2.584 mill.
Now at the end of 2016, having lived off it for 16.5 years, I am at 2.236 mill.

Not too shabby. I think it will see me through to the pine box.

msk
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Re: Share your net worth progression

Postby msk » Wed Jan 25, 2017 4:11 am

My investment life spans 46 years, from a dead broke, fresh PhD with a grad student wife, bringing up 4 kids along the way. Always tried to save 30% of gross income, until it grew beyond 30% because the investment income outpaced my lifestyle creep.

1970 to 1985: Max out purchasing rental property, internationally. Mortgages allow you serious leveraging :mrgreen:
1985 to 2000: Invest surplus rental income in stocks. Retire at age 55 with $1.6 million net worth + inflation adjusted pension sufficient to maintain standard of living
2000 to 2017: Sell all rental property and convert to 100% stocks. NW currently in low 8 figures, despite spending a few million $ on houses (not for investment) and charity.

Advice to youngsters? Save like crazy when young and start investing early. The current low-interest environment will not last. If you find worthwhile investments, do not be afraid to borrow. In my case I was in the right places at the right time for real estate. Your place and time will be different. You have to identify the opportunities yourself. If you fail and you are still under 40, so what? You still have many years to recover.

CyclingDuo
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Re: Share your net worth progression

Postby CyclingDuo » Wed Jan 25, 2017 1:11 pm

Does anybody else worry about threads like these that go on for years? Especially in the midst of what has been a rather powerful bull market?

Applause is certainly due for socking away savings on a monthly/annual basis through employer plans, IRA's, investing and using the value of time to grow those investments to help show the OP that there are a variety of avenues people have driven on and through to get their Net Worth up. The thread illustrates well that it is through stock and bond funds, individual stocks/bonds, CD's, real estate, art, saving discipline, LBYM, paying down debt, increased earning power through career, small business, inheritance.....and on and on. Mix it up any way you want to hopefully reach your ultimate goals.

We have been very fortunate to have gone from a NW of $0 in 1985 to a seven figure NW in 2017. That's 32 years of a path that would make a gymnast dizzy enough to be sick. The latter part of the 80's, 90-91, 2000-2001, 2008 all combined taught us that there are many more twists and turns coming.

In review of the past, it's hard to forget Black Monday in 1987. The Tech bubble go go days. The real estate bubble. Also, now in retrospect it is hard to forget all the high expense ER funds, or load funds we started out with way back when. We've made some great investments. We've made some bad investments. Somehow, time and continued contributions along the way into employer plans, education accounts, retirement accounts - no matter if the market was up or down - has made up for a lot of the mistakes we made along the way while raising two children, getting them both through college debt free, and the usual focus we have on work, home ownership, and living.

We have a new focus, and a renewed energy that hit us this year with the realization retirement is coming up in 8 - 12 years for both of us. I imagine such a reflection point in the mid to late 50's is natural. 2017 brings an empty nest at home, new goals, removing complexity from our investments as we review everything, but none of that changes both of us continuing on with the time honored discipline of socking away our monthly contributions until we retire.

Humbled by the past 32 years to say the least, and not taking anything for granted. We are looking forward to hopefully another 32+ years of enjoying life with each other. It's hard to put a $ value on that. 8-)

tzukulika
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Re: Share your net worth progression

Postby tzukulika » Wed Jan 25, 2017 1:20 pm

Here is my story for what is worth.
Came in USA in 1991 with $400 in my pocket. Spent first month in a hostel and applied for Employment Authorization. Received permit after 45 days. Food was 7$/week. One week I splurged for instant coffee and bananas (10$).
First job : 1992 7$/hr as a Electronic technician. Got laid off after 6 months when I asked about medical insurance. No debts accrued as no credit available:-).
Second job: 1992-1996 Electronic technician as well. Company sponsored my for my Green Card. About 10$/hr. Started going to school a night for a MSEE. Accrued about 2k in credit card debt - Green Card attn and school tuition.
Third job : 1996-1998 First job as an EE. Worked for a small outfit doing 100% military stuff. Learned about Electrical Engineering from a great mentor, the owner of the company. But did not posses a US passport and could not pass any Secret Clearances - etc. Finished my MSEE at night. About 10k in debt.
Fourth job : 1998-2016. Worked as EE for a major US company. Started with 48k/year salary and ended up with about 143k/year plus some bonuses and stock. Retired from said job 2016.
I only kept track of total net worth since 2007.
2007 : 315K
2008 :448K
2009 : 271K
2010: 345K
2011 : 556K
2012 : 629K
2013: 767K
2014 :925K
2015: 1059K
2016: 1705K ( sold a rental property)

I'm about to be 50 in 2017 and maybe I will get a job later, but right now I'm not holding my breath. I can currently cover my annual expenses using the 4% rule (with room to improve). The job will likely be a hobby type , but I have not currently identified the field. First 6 months of retired life a bliss - fishing in the summer/fall, now skiing in the winter. Far from perfect , but it will do for now.

alfaspider
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Re: Share your networth progression

Postby alfaspider » Wed Jan 25, 2017 2:34 pm

alfaspider wrote:This is a neat excuse to go through the exercise. I will just go through the last 10 years with annotations for life events. All amounts are year-end household net worth estimates with full value given to 401k accounts and inclusive of estimated home equity.

2005: $5,000 (in undergraduate)
2006: $10,000 (first job, low paying)
2007: 0 (started law school)
2008: -$20,000
2009: -$40,000
2010: -$65,000 (graduated & married)
2011: -$65,000 (spouse starts law school)
2012: -$40,000
2013: 0 (purchased home)
2014: $150,000 (massive home appreciation confirmed by refi appraisal, spouse starts job)
2015: $300,000 (student loans paid in full)


Updating for YE 2016: $580,000 (includes 100%+ jump in value of RSUs). I was honestly surprised to look back at YE 2015. 2016 was bigger than I thought :sharebeer

thefireguy
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Re: Share your net worth progression

Postby thefireguy » Thu Jan 26, 2017 12:57 am

tzukulika wrote:Here is my story for what is worth.
Came in USA in 1991 with $400 in my pocket. Spent first month in a hostel and applied for Employment Authorization. Received permit after 45 days. Food was 7$/week. One week I splurged for instant coffee and bananas (10$).
First job : 1992 7$/hr as a Electronic technician. Got laid off after 6 months when I asked about medical insurance. No debts accrued as no credit available:-).
Second job: 1992-1996 Electronic technician as well. Company sponsored my for my Green Card. About 10$/hr. Started going to school a night for a MSEE. Accrued about 2k in credit card debt - Green Card attn and school tuition.
Third job : 1996-1998 First job as an EE. Worked for a small outfit doing 100% military stuff. Learned about Electrical Engineering from a great mentor, the owner of the company. But did not posses a US passport and could not pass any Secret Clearances - etc. Finished my MSEE at night. About 10k in debt.
Fourth job : 1998-2016. Worked as EE for a major US company. Started with 48k/year salary and ended up with about 143k/year plus some bonuses and stock. Retired from said job 2016.
I only kept track of total net worth since 2007.
2007 : 315K
2008 :448K
2009 : 271K
2010: 345K
2011 : 556K
2012 : 629K
2013: 767K
2014 :925K
2015: 1059K
2016: 1705K ( sold a rental property)

I'm about to be 50 in 2017 and maybe I will get a job later, but right now I'm not holding my breath. I can currently cover my annual expenses using the 4% rule (with room to improve). The job will likely be a hobby type , but I have not currently identified the field. First 6 months of retired life a bliss - fishing in the summer/fall, now skiing in the winter. Far from perfect , but it will do for now.


Thanks for sharing your story. Without getting too political, that's the way the American dream should be remembered and should be attainable for anyone that is willing to grind it out like you. :beer

nofacetimber
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Re: Share your net worth progression

Postby nofacetimber » Sat Jan 28, 2017 1:20 pm

Here are some rough estimates.

2011: (-11,000) - Received Bachelors Degree - Had some student debt. Started first career job.
2012: 2,000
2013: 19,000
2014: 38,000
2015: 54,000
2016: 112,000
2017: 260,000

Unfortunately I didn't start tracking my Net Worth until just recently.. An always up to date graph can be found here:

My Monthly Net Worth Graph

User avatar
TheTimeLord
Posts: 4252
Joined: Fri Jul 26, 2013 2:05 pm

Re: Share your net worth progression

Postby TheTimeLord » Sat Jan 28, 2017 5:12 pm

<sigh>
Run, You Clever Boy!

CarlZ993
Posts: 195
Joined: Tue Feb 20, 2007 3:00 pm
Location: Austin, Texas

Re: Share your net worth progression

Postby CarlZ993 » Sat Jan 28, 2017 8:29 pm

This is our portfolio - IRAs, Roths, after-tax investments, CDs, savings, I-Bonds, etc. - without net worth (residence and 'stuff'; house went up in value & cars went down; everything else remained constant). I retired on Jan 31st, 2006. My wife retired Feb 28th, 2005.

12/31/05 - $521,477
12/31/06 - $636,809
12/31/07 - $693,686
12/31/08 - $565,714 (ouch!)
12/31/09 - $696,879
12/31/10 - $808,573
12/31/11 - $868,435
12/31/12 - $984,845
12/31/13 - $1,127,716 (yahoo!!)
12/31/14 - $1,246,171
12/31/15 - $1,265,889
12/31/16 - $1,379,570
Carl Z

rogergaret
Posts: 41
Joined: Fri Dec 30, 2016 8:43 pm
Location: Latin America

Re: Share your net worth progression

Postby rogergaret » Sat Jan 28, 2017 11:03 pm

36 years old

2017
100k (Home, no mortgage)
750k (Farm, no mortgage) + Cattle
50k Brokers account. Just starting investing in stock and bonds.
Aprox. 1.2M Total

P.S: In 2015 the same farm would have been apraise at 1M :wink: Don't ever let someone tell you that real estate is a safe investment. :) :beer
Last edited by rogergaret on Sat Jan 28, 2017 11:34 pm, edited 1 time in total.

User avatar
Thrifty Femme
Posts: 217
Joined: Sun Apr 12, 2015 1:54 pm

Re: Share your net worth progression

Postby Thrifty Femme » Sat Jan 28, 2017 11:32 pm

2007: $83,254
2008: $107,163
2017: $836,898

As you can see I stopped tracking for a while.

mirinjobra
Posts: 2
Joined: Tue Dec 06, 2016 12:27 pm

Re: Share your net worth progression

Postby mirinjobra » Sun Jan 29, 2017 7:00 pm

I'm 30 this June and didn't start tracking my net worth until this year. I graduated from university with $190k in student loans at 8% interest ($1250/month minimum payment of which 90% was non tax deductible interest) when I was 23. I dropped out halfway through my education due to laziness and somehow went back and managed to graduate with a 2.51 gpa and no work experience. Got lucky on my own merit and started a career as an EE in early 2012 making $61k. Today I am making $100k working roughly 30 hours a week, really trying to figure out how to make some side income.

23: Net worth of -$195k
30: Net worth of -$67k
Projected Net worth at 33: +$67k if I decide to pay off my student loan. However I will probably leave it since I'll refinance it to 3-4% interest, and focus on a house/personal things.

No credit card debt, still paying rent, and have a small car payment on a Lexus. Life hit me HARD when I graduated.

And this is all me, don't have a wife.

WhyNotUs
Posts: 1024
Joined: Sun Apr 14, 2013 11:38 am

Re: Share your net worth progression

Postby WhyNotUs » Sun Jan 29, 2017 7:47 pm

early 20's- Zero traveling, surf, sail, ski, study
Late 20's- Start saving and gambling during a market run up, invincible until Oct 1987, then zero
early 30's- working like crazy, parenting, saving, investing too conservatively, bought a cheap house in a solid market, low six figures
late 30's- business investment, bought farm in Hawaii, work/work/work, high six figures
early forties- sold farm at a loss, scaled back work, got divorced (oops), single parenting- low six figures
early fifties- rebuild income, college expenses, add passive income, increase risk, happened to time great recession sale and buy back well, low seven figures
late fifties- reduce work, increase passive income, maintain risk, travel, sail, scuba, ski low seven figures
We will see what happens next...
I own the next hot stock- VTSAX

BW1985
Posts: 1585
Joined: Tue Mar 23, 2010 6:12 pm

Re: Share your net worth progression

Postby BW1985 » Mon Jan 30, 2017 12:12 pm

mirinjobra wrote:I'm 30 this June and didn't start tracking my net worth until this year. I graduated from university with $190k in student loans at 8% interest ($1250/month minimum payment of which 90% was non tax deductible interest) when I was 23. I dropped out halfway through my education due to laziness and somehow went back and managed to graduate with a 2.51 gpa and no work experience. Got lucky on my own merit and started a career as an EE in early 2012 making $61k. Today I am making $100k working roughly 30 hours a week, really trying to figure out how to make some side income.

23: Net worth of -$195k
30: Net worth of -$67k
Projected Net worth at 33: +$67k if I decide to pay off my student loan. However I will probably leave it since I'll refinance it to 3-4% interest, and focus on a house/personal things.

No credit card debt, still paying rent, and have a small car payment on a Lexus. Life hit me HARD when I graduated.

And this is all me, don't have a wife.


Good thing you went back and finished your degree! That kind of student loan debt without a big shovel to dig out would be crippling. Keeping digging..
"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

jbird11
Posts: 92
Joined: Tue Jun 02, 2015 1:24 pm

Re: Share your net worth progression

Postby jbird11 » Mon Jan 30, 2017 2:01 pm

JohnT2 wrote:Hi Everybody,
I am quite new to BH, spending most of my time (up to now) over at the ER Forum. This one is great! So many great posts over so many areas.
I am sharing on this thread, since NW is the main milestone I use to track my progress, period. I calculate quarterly across all assets.
Since early in my career I have been focused (sometimes relentlessly) on accumulating wealth, so that I can achieve FI. I am sooooo close!
I have hard data from 1994 to present. Before that, I am estimating.

Keys for me, like some others, have been: 25 yr steady marriage to like-minded DW, own properties in SF Bay area for over 30 yrs, saving early and often in hi-tech jobs , LBYM, invest heavy in stocks. No major hiccups, mistakes, set backs or health issues - knock on wood. I am truly fortunate, that much I know - but also worked hard...

Year Age NW (all investments + real estate)
1982 21 0 start full time in hi tech
1983 22 20000
1984 23 25000
1985 24 50000 buy first home
1986 25 80000 DW buys her home
1987 26 110000
1988 27 200000
1989 28 240000
1990 29 280000
1991 30 310000 buy primary home, rent other homes
1992 31 450000 got married
1993 32 490000
1994 33 508700
1995 34 669100
1996 35 870200
1997 36 1220700
1998 37 1803832
1999 38 2612365
2000 39 3033100
2001 40 2751607
2002 41 2471603 dot com bust
2003 42 2871587
2004 43 3125609
2005 44 3500106
2006 45 3912089
2007 46 4399686
2008 47 3215436 great recession
2009 48 3732548
2010 49 4221127
2011 50 4714200
2012 51 4987400
2013 52 5755111
2014 53 6646953
2015 54 7212000
2016 55 7618642
2017 56 7644918 will retire this yr!!

Focus now is to position portfolio to produce income, with targeted WR, cash balance, etc. Then enjoy retirement!
Appreciate any and all comments...



Be interested in your income per year during this run...

JohnT2
Posts: 3
Joined: Mon Jan 23, 2017 2:24 pm

Re: Share your net worth progression

Postby JohnT2 » Tue Jan 31, 2017 10:37 pm

jbird11 wrote:
Be interested in your income per year during this run...


OK, I have our income from 1994 on. Here is the data list with income included. Yes, my wife and I were fortunate to have well paying high tech jobs, which we maxed out on 401K, etc. This was a key factor, as was investing early (in our 20's), and not touching it for 30+ yrs.

Year Age NW
1982 21 0 ? Start working for a living
1983 22 20000 ?
1984 23 25000 ?
1985 24 50000 ? Bought first property
1986 25 80000 ? DW bought her home
1987 26 110000 ?
1988 27 200000 ?
1989 28 240000 ?
1990 29 280000 ?
1991 30 310000 ? Bought primary home
1992 31 450000 ? Got married
1993 32 490000 ?
1994 33 508700 139928
1995 34 669100 146811 Daughter 1 born
1996 35 870200 171131
1997 36 1220700 205404 Daughter 2 born
1998 37 1803832 239638
1999 38 2612365 224537
2000 39 3033100 272222
2001 40 2751607 248568
2002 41 2471603 214499 Dot com bust
2003 42 2871587 118532
2004 43 3125609 134321
2005 44 3500106 196337
2006 45 3912089 149203
2007 46 4399686 199087
2008 47 3215436 241205 Great recession
2009 48 3732548 278374
2010 49 4221127 305424
2011 50 4714200 282955
2012 51 4987400 316373
2013 52 5755111 250118
2014 53 6646953 219364
2015 54 7212000 185295
2016 55 7618642 130000
2017 56 7644918 TBD Planning to retire

jaj2276
Posts: 301
Joined: Sat Apr 16, 2011 5:13 pm

Re: Share your net worth progression

Postby jaj2276 » Tue Jan 31, 2017 10:44 pm

obgraham wrote:Here's the reverse side of it all: What is the purpose of retirement planning? Well for me it is to live in retirement. Leaving an estate to my kids is lots further down my priority list.
The day I retired in 2000, age 55, I was at 2.584 mill.
Now at the end of 2016, having lived off it for 16.5 years, I am at 2.236 mill.

Not too shabby. I think it will see me through to the pine box.


This.

I am 15-20 years away from retirement. I hope my portfolio balance in 30-35 years will be "equal" to my portfolio balance in 15-20 years.

Can you add a bit more color to your situation? What was your annual expenses at retirement? Did you follow any specific withdraw strategy? Did you have any guaranteed sources of income? When did you claim social security?

obgraham
Posts: 840
Joined: Mon Jan 28, 2013 7:30 pm

Re: Share your net worth progression

Postby obgraham » Tue Jan 31, 2017 11:14 pm

Can you add a bit more color to your situation? What was your annual expenses at retirement? Did you follow any specific withdraw strategy? Did you have any guaranteed sources of income? When did you claim social security?

I don't actually have any withdrawal "strategy", other than take what I need. My observation of others is that their expenses decrease as they pass a certain age, say 75 to 80. Since I was a self-employed physician, all my assets were in my own IRA, therefore taxable. I've no other source of income other than SS, which I took at 62, gambling on how long I'd survive. For the last number of years we've gone on the basis of about $120k annually + SS, and that has done us just fine. We don't have fancy tastes, and we have no debt.

Portfolio7
Posts: 168
Joined: Tue Aug 02, 2016 3:53 am

Re: Share your net worth progression

Postby Portfolio7 » Wed Feb 01, 2017 7:33 am

We haven't always made the right moves, but we've kept saving.

We started married life with about $100K cash around age 27.
At age 30 we had about $230K NW, part of it was the house appreciation.
By age 40 we were around $600K. Cash flow problems from continuing education, business investment, but pushed envelope.
By age 50 - we are now (very) late 40's, have $1.5M NW. We have debt to pay down, and college expenses for the kids.
By age 60 we hope to have $3.5M saved, and all debts paid except mortgage, but maybe we can get that too.

Note net worth growing about 250% per decade (hopefully for one more decade!). Close to rule of 72 if earning 10% or so and continuing to save.

TroyMcClure
Posts: 65
Joined: Sun Aug 31, 2014 6:13 am
Location: Germany

Re: Share your networth progression

Postby TroyMcClure » Mon Feb 06, 2017 5:15 am

TroyMcClure wrote:I find this post very interesting. Of course it's not entirely meaningful without knowing additional details about COLA, salary, etc., still, useful.

I haven’t been keeping a precise track of my net worth, but the following is estimated and from memory. I am European, all figures in Euros:

Born in 1979
Early 80s: My parents set up a savings account for me, and make various small contributions to it throughout the years. They nicely taught me and my siblings about what saving and spending meant in the long run.
2001: ~10k EUR. I put my university studies on hold to go and work abroad.
2003: ~20k EUR. After working a low-level, low wage job, I decide to quit and go back to university. I also decide to travel in LatAm for 6 months before doing so.
2004: ~15k EUR. Back at university. Lucky to get some financial help from the family.
2007: ~10k EUR. Finished with master’s degree.
2008: ~6k EUR. Struggling to find a job and a country to settle in but eventually managed, ended up in Germany. I started contributing to a couple of company pension plan options, enough to get the max employer grant.
2010: ~50k EUR.
2012: ~100k EUR. Might have been end of 2011. Accepted expat assignment in November 2012 in South East Asia.
2015 05 01: 212k EUR.

I only started investing in index funds of equities and bonds, outside of my company plans, last year.


Cleaning this up a little bit and update for 2016.

2001: ~€10k
2003: ~€20k
2004: ~€15k
2007: ~€10k
2008: ~€6k
2010: ~€50k
2012: ~€100k
31.12.2014: €175k
31.12.2015: €246k
31.12.2016: €321k

My expat assignment has given me a good boost the last 4 years (as did rising stock markets), but has now come to an end. I expect my savings rate to stay the same, but on a reduced total compensation so the growth will slow down.

sschullo
Posts: 2244
Joined: Sun Apr 01, 2007 8:25 am
Location: Rancho Mirage, CA
Contact:

Re: Share your net worth progression

Postby sschullo » Mon Feb 06, 2017 5:41 am

LadyGeek wrote:It's not much different than the one it replaced. You don't need complicated graphics to explain a simple concept.

If a 7th grader can understand net worth, that's great. Following the concept is the hard part.


+1
Simple concepts are simple, so simple that my grandmother who never spoke English and little education, and our 7th grader, could understand. One of PhD advisers said that my dissertation should be written so simply that a 12-year-old could understand.
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

corgimom11
Posts: 31
Joined: Fri Jul 03, 2015 8:46 pm

Re: Share your networth progression

Postby corgimom11 » Thu Feb 16, 2017 9:49 am

corgimom11 wrote:
More back on topic. I'm 28 years old and my husband is 31.

2013 NW: -$15K (prior to my software sales position, I made around $40K and my husband was at $35K. Had a TON of student loans & car debt.)
2014 NW: $80K (My first year in software sales - made $120K, husband got a raise to $47K. Paid off a lot of our student debt and purchased our first home for $195K).
2015 NW: $150K (A good year for me at $135K! Experiencing a lot of appreciation on the home we purchased, paid off even more student debt, and maxed my 401K!)
2016 NW: ~$260K (My best year yet - $160K. We completely paid off all our student debts and maxed 401Ks. Only debt we currently have is now our mortgage! Our real estate market is also still booming and experiencing a lot of price appreciation on our home.)


We hit our ~300K milestone last week. Feels so good!

I'm keeping trucking to my ultimate goal of being worth $500K when I turn 30 in October 2018. Thinking realistically we will fall a little short, but these milestones make me much more motivated to continue to save and invest where we can. Some of the big numbers I see throughout this thread, while motivating, make me feel like we are a bit behind. But looking at the non-Bogle outside.. what me and my husband have been able to do at our age is probably very much in the minority, so I can't help but be proud of the discipline we've had at such a young age. I'm hoping that our older selves a decade or two from now will thank us.

stoptothink
Posts: 3522
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your networth progression

Postby stoptothink » Thu Feb 16, 2017 11:03 am

corgimom11 wrote:
corgimom11 wrote:
More back on topic. I'm 28 years old and my husband is 31.

2013 NW: -$15K (prior to my software sales position, I made around $40K and my husband was at $35K. Had a TON of student loans & car debt.)
2014 NW: $80K (My first year in software sales - made $120K, husband got a raise to $47K. Paid off a lot of our student debt and purchased our first home for $195K).
2015 NW: $150K (A good year for me at $135K! Experiencing a lot of appreciation on the home we purchased, paid off even more student debt, and maxed my 401K!)
2016 NW: ~$260K (My best year yet - $160K. We completely paid off all our student debts and maxed 401Ks. Only debt we currently have is now our mortgage! Our real estate market is also still booming and experiencing a lot of price appreciation on our home.)


We hit our ~300K milestone last week. Feels so good!

I'm keeping trucking to my ultimate goal of being worth $500K when I turn 30 in October 2018. Thinking realistically we will fall a little short, but these milestones make me much more motivated to continue to save and invest where we can. Some of the big numbers I see throughout this thread, while motivating, make me feel like we are a bit behind. But looking at the non-Bogle outside.. what me and my husband have been able to do at our age is probably very much in the minority, so I can't help but be proud of the discipline we've had at such a young age. I'm hoping that our older selves a decade or two from now will thank us.


As far as net worth is concerned, you are likely close to being a 1%er. At 28, a $100k net worth already puts you in the 90th percentile.

We're slightly older, 35 and 30, with a little higher net worth (short of $500k, but close). On here, on this board I appear down right poor. In the real world, most of our peers and family members consider us very wealthy, and we constantly get ignorant comments about it (the wife is getting tired of being referred to as the "rich girl" by her cousins).

cantos
Posts: 99
Joined: Tue Dec 20, 2016 11:25 am

Re: Share your networth progression

Postby cantos » Thu Feb 16, 2017 11:12 am

stoptothink wrote:
We're slightly older, 35 and 30, with a little higher net worth (short of $500k, but close). On here, on this board I appear down right poor. In the real world, most of our peers and family members consider us very wealthy, and we constantly get ignorant comments about it (the wife is getting tired of being referred to as the "rich girl" by her cousins).


Oof. Are you discussing your wealth or making displays of wealthy? Lots of other threads on here (search stealth wealth) bout how that may not be a good thing. We try and look low key. But peeps know what wife and I do and our level of wealth is simply assumed despite our efforts to live modestly...

topofthebellcurve
Posts: 69
Joined: Thu Jun 30, 2016 12:11 am

Re: Share your net worth progression

Postby topofthebellcurve » Thu Feb 16, 2017 11:16 am

[accidental duplicate post]
Last edited by topofthebellcurve on Fri Feb 17, 2017 10:52 am, edited 1 time in total.

stoptothink
Posts: 3522
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your networth progression

Postby stoptothink » Thu Feb 16, 2017 11:49 am

cantos wrote:
stoptothink wrote:
We're slightly older, 35 and 30, with a little higher net worth (short of $500k, but close). On here, on this board I appear down right poor. In the real world, most of our peers and family members consider us very wealthy, and we constantly get ignorant comments about it (the wife is getting tired of being referred to as the "rich girl" by her cousins).


Oof. Are you discussing your wealth or making displays of wealthy? Lots of other threads on here (search stealth wealth) bout how that may not be a good thing. We try and look low key. But peeps know what wife and I do and our level of wealth is simply assumed despite our efforts to live modestly...


We live in a home valued at ~1.1x our annual income, shared a single subcompact vehicle (worth ~$3k) until 2wks ago when we bought a new $16k car, don't wear fancy clothes or go on lavish vacations, and we never ever discuss money. We definitely project an image that we don't have money. Nobody has a clue what we make or what we are worth, but they make guesses because I have an important sounding title and very public-facing position at a prominent local company and wife is in tech sales and travels a lot for work, and they know we are into investing and pay for everything in cash (cars, wife's college tuition, etc.).

A recent "interesting" comment was my aunt apparently talks about her "millionaire nephew" all the time, and I had a total stranger come up to me at my place of employment and ask me if I was "so and so's millionaire nephew, and that she told them to ask me for investing advice". This aunt and her husband actually retired in their early 40's because she inherited 7-figures from my step-grandmother, so I thought it was bizarre. My wife has had a few recent comments from her SAHM cousins about how nice it must be to be married to a rich doctor (me) and be able to afford to go to school and drive a brand new car, totally disregarding the fact that she does it while working a full-time job (in which she makes nearly what I do) and still being a mom to two young children and that they drive cars which likely costed at least 2x as much.

David Scubadiver
Posts: 242
Joined: Thu Mar 24, 2016 8:40 am

Re: Share your net worth progression

Postby David Scubadiver » Thu Feb 16, 2017 11:50 am

I started working in 1993 and maxed out my 401(k) at that time. Beginning in 2002, I was able to contribute in excess of the standard maximum to my 401(k). The years, contribution amounts and salary for years I have a handy record or memory, are as follows:
Contribution Salary
1994 $(9,240.00) $83,000
1995 $(9,240.00)
1996 $(9,500.00)
1997 $(9,500.00)
1998 $(10,000.00)
1999 $(10,000.00)
2000 $(10,500.00)
2001 $(10,500.00)
2002 $(21,000.00)
2003 $(22,000.00)
2004 $(23,000.00)
2005 $(29,000.00) 273,000
2006 $(30,000.00) 271,000
2007 $(30,500.00) 338,000
2008 $(35,500.00) 309,000
2009 $(36,500.00) 340,000
2010 $(36,500.00) 296,000
2011 $(41,500.00) 276,000
2012 $(42,000.00) 275,000
2013 $(42,500.00) 277,000
2014 $(42,500.00) 262,000
2015 $(43,000.00) 266,000
2016 $(43,000.00) 254,000
--------------------
The above investments total: $596,980. As of 12/31/16 the account was worth $1,181,454.
Up through year end, the accounts were 100% invested in equities. I don't know if I have it calculated precisely, but the IRR seems to be 7.14%.

My wife and I also have IRAs, she has a 403(b) plan, 529 accounts, and non-sheltered investments which exceed what I have in the 401(k).

I started with about 80,000 in student loan debt and currently only carry mortgage debt of $302,000

chicagoan23
Posts: 173
Joined: Thu Jan 29, 2015 4:34 pm

Re: Share your net worth progression

Postby chicagoan23 » Thu Feb 16, 2017 11:53 am

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.


Update for just having hit a new milestone this morning.....

February 2017: $1,502,763.52

:happy

ZenInvestor
Posts: 138
Joined: Thu Jun 18, 2015 1:35 pm

Re: Share your net worth progression

Postby ZenInvestor » Thu Feb 16, 2017 12:05 pm

2008 @28: $75k
2009: $75k
2010: $120k
2011: $220k
2012: $300K
2013: $420k
2014: $550k
2015: $600k
2016: $650k
2017: $725k

Approximates. We save about $7k-$10k per month. Own our home. No debt. Spent a lot over last 2 years improving our home, which I did not add to NW values. Monthly expenses ~$8k, with easy cuts to $4k - $5k. Stable career and home life.

usnaron
Posts: 94
Joined: Wed Oct 28, 2009 9:20 am

Re: Share your net worth progression

Postby usnaron » Thu Feb 16, 2017 4:03 pm

-Became a Naval Officer in 2005 with very little in savings
-Started saving and investing about 1k per month with an after tax income of $3400 per month (saved probably 90% of income while on deployment tax free)
-Met my future wife, also a Naval Officer, in 2006 and got her into saving and investing - we were married by the end of 2008

-By mid 2010 - Net worth was 275k with a household after tax income of ~150k by that time. For the next 4-5 years, household income averaged 200k per year (after tax)

-mid 2011- 400k
-DEC 2012 - 565K
-DEC 2013 - 700k
-NOV 2014 - 830k
-NOV 2015 - 880k (Wife left active duty this year and stays home with our two kids - still a reservist)
-today - 980k (I'm 35, wife is 33) household income is about 140-150k depending on how much reserve training my wife does. We still haven't purchased a house yet because our rent is half the price of an equivalent mortgage in the high cost area we want to live in.

During my investing career, I have been extremely low-risk. I figured that with a high savings rate, I could almost guarantee a full retirement after 20 years in the Navy (44 years old) with an average real return of 3-4%, so why swing for the fences?


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