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
cusetownusa
Posts: 217
Joined: Thu Mar 27, 2014 9:54 am

Re: Share your net worth progression

Post by cusetownusa » Thu Feb 16, 2017 4:06 pm

usnaron wrote:-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?


Great job...will you also get a Pension? If so, is this included in those net worth numbers?

usnaron
Posts: 97
Joined: Wed Oct 28, 2009 9:20 am

Re: Share your net worth progression

Post by usnaron » Thu Feb 16, 2017 4:11 pm

Thanks...Expecting ~4k per month pension that will start at 44 years old. This is not included in net worth, only investments/cash are included in net worth.

nofacetimber
Posts: 15
Joined: Mon Oct 31, 2016 3:05 pm

Re: Share your net worth progression

Post by nofacetimber » Thu Feb 16, 2017 6:34 pm

TheTimeLord wrote:<sigh>


What was that about?

stm
Posts: 42
Joined: Mon Mar 02, 2015 2:01 am

Re: Share your net worth progression

Post by stm » Thu Feb 16, 2017 9:04 pm

Hit a personal milestone this year one that I would have never thought possible and thought I would share the journey FWIW. I've been 100% in equities with some good choices and bad choices along the way.

22 (1997): -20K 40K Finished MBA (student loans), career start, got married.
25 (2000): 30K 60K Wife working part time, student loans paid down, struggling to get traction and dot.com implosion. Lose > 50% of everything.
27 (2002): 60K 90K Wife working full time, DINK enjoyment phase but also undeterred by dot.com and continue saving/investing.
29 (2004): 150K 65K First child, wife stays home for "3 months" which ends up being 9 years. Unexpected hit to income as result. Difficult to save a lot but continue and stock market does well recovery period 2002-2006.
31 (2006): 250K 12K Mid-life crisis, quit job and go for Ph.D. Low stipend and rack up student loans.
34 (2009): 100K 12K Bad times. Household deficit for 3 years + student loans, and 2008 implosion happens - this time lose > 60% of everything. Only bright spot is second child, but worried for future.
35 (2010): 75K 40K Lowest point in financial/life. Finished Ph.D. but terrible job market. Starting life over at 35 with wife and 2 kids and non-tenure track temp job. Real panic setting in but stayed the course instead of selling.
36 (2011): 80K 95K Landed tenure track job, bought house at low point in local housing market, unexpected medical expenses for next few years but back to saving/investing
39 (2014): 300K 96K Stock market bounceback and savings doing well. Bad part of academia setting in - 1.4% raise turns out to be only one in 5 years. Wife takes part time job and manufactured spend full time.
41 (2017): 2 comma club 110K - Just barely, if I liquidated the light bulbs out of the sockets. Trump rally, AAPL making a comeback, MS heavy profits but ends, positive tenure case.

I don't know if this is considered a success, because it requires having a strategy. Some results can be attributed to the BH way - being persistent, saving, and investing. But it hasn't been smooth, e.g. in 2006 I rebalanced to 1/3 S&P500, European Stock index, and Emerging markets. Only 1/3 of that AA has paid off. Trying to resist the urge to dump the latter two now.

And well, dumb luck. About 1/2 of our net worth is by 2 unrepeatable events, a $40K investment in AAPL that is ~$220K now and the proceeds from MS. Our situation would be remarkably different without them. Hopefully this was helpful for someone :D

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Chris001122
Posts: 133
Joined: Tue Mar 09, 2010 12:50 pm
Location: The Upcountry, South Carolina

Re: Share your net worth progression

Post by Chris001122 » Thu Feb 16, 2017 9:25 pm

32 - $71,000
39 - $421,000
45 - $472,000
50 - $1,003,000

Rounded to the nearest thousand of course.
Became a "boglehead" around 6-7 years ago. Our net worth has increased the most during this time. We don't have a mortgage to pay, and live below our means. Married, my wife and I both have in top 5% of incomes and live in an affordable area of the country. We save a good bit, and don't have fancy or new cars, or a high cost house. I try to follow "Millionaire Next Door" ideas best I can without becoming a business owner as I don't think I could cut it. Tried it once and was pretty lousy at it.
"It's always been a mistake to bet against the United States since 1776." - Warren Buffett

SJCX
Posts: 78
Joined: Thu Apr 03, 2014 5:48 am

Re: Share your net worth progression

Post by SJCX » Fri Feb 17, 2017 5:01 am

I wish I had charted it like others have. I'm currently 45 and estimate I hit 1 mill around age 42, currently 1.4 mill.

I'd like to hit 2 mill by age 50

dcabler
Posts: 254
Joined: Wed Feb 19, 2014 11:30 am

Re: Share your net worth progression

Post by dcabler » Fri Feb 17, 2017 7:18 am

Let's see, graduated college in 1983
1984-1990: career begins. Car loan, pay off student loans, save next to nothing. Mostly pay off credit cards every month.
1990: Get married. Recall having about $15K in savings, wife has about $5K
1990-1997: Both my and DW's careers continue to grow and DW quits high stress job around 1997. Live on one salary, invest the other salary.
1998-2000: Expat assignment in Germany. Bonus upon returning is invested. Division is sold and bonus is paid and invested.
2000-2003: Tried startup, returned to previous company. Layed off from company, nice severance package is invested. Wife does contract work until daughter is born. Buy 5 year contract Texas Tomorrow fund which will pay tuition and fees for daughter's college.
2004: $666K (Tracking starts)
2005: $776K
2006: $901K
2007: $1.01M (milestone passed, feels good)
2008: $689K (global meltdown, several year setback, many lessons learned, etc..)
2009: $822K
2010 $1.08M (milestone passed again, feels good again)
2011 $1.23M
2012 $1.41M (layed off from company at the end of the year, extremely good severance package)
2013 $1.87M (Started new job early in the year, company shuts down local office in September of same year, unemployment starts)
2014 $2.03M (after 10 months, returned to work in June. Because of nearly depleted checking account, no 401K deposits at new company)
2015 $2.06M (401K back on, maxing contributions)
2016 $2.21M (continuing to max 401K plus a nearly equal amount in taxable savings)
2017 $2.28M (YTD and turn 56 this year)

Salary grew all of this time until about 2003. Since then running at around $200K+/-, saving around $50-$60K per year, more if bonuses are paid. Target amount to retire is around $2.5M+/-, but would like to see what 1 semester's college costs will be in about 2 years. However, if circumstances dictate, am pretty much good to go now...

BW1985
Posts: 1640
Joined: Tue Mar 23, 2010 6:12 pm

Re: Share your net worth progression

Post by BW1985 » Fri Feb 17, 2017 11:26 am

usnaron wrote:-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?


That is seriously impressive. I didn't know officers in the service could make that kind of money. Good for you and thank you for your family's service.
"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

BW1985
Posts: 1640
Joined: Tue Mar 23, 2010 6:12 pm

Re: Share your networth progression

Post by BW1985 » Fri Feb 17, 2017 11:29 am

stoptothink wrote:
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.


I think we could be friends IRL, maybe gym partners, unfortunately I don't live in UT.

Maybe your Aunt has plans for her estate that you don't know about yet.
"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

nochaos
Posts: 8
Joined: Tue Feb 27, 2007 2:43 pm

Re: Share your net worth progression

Post by nochaos » Fri Feb 17, 2017 4:10 pm

1996: Graduated
2002: $229K
2003: $328K
2004: $425K
2005: $545K
2006: $721K
2007: $898K
2008: $767K
2009: $1,078K
2010: $1,317K
2011: $1,377K
2012: $1,642K
2013: $1,978K
2014: $2,193K
2015: $2,304K
2016: $2,666K

2girlzdad
Posts: 7
Joined: Tue Feb 14, 2017 7:55 am

Re: Share your net worth progression

Post by 2girlzdad » Fri Feb 17, 2017 4:25 pm

A little different as my records aren't quite as complete...
Nov. 2006 --- 506,000
May 2008 --- 617,000
Oct 2008 --- 443,000 and people ask how bad was the Great Recession? That's 28% in 5 months w/ contributions of $3k/mo
Dec 2009 --- 643,000 no details in my spreadsheet between 10/08 and 12/09.... hmmm, head in the sand much? But stayed the course
Aug 2010 --- 655,000
Nov 2011 --- 845,000
Sep 2012 --- 967,000
Nov 2013 --- 1,216,000
Nov 2014 --- 1,367,000
May 2015 --- 1,445,000
Dec 2016 --- 1,547,000
Jan 2017 --- 1,584,000
A triple over the next 10 years would make me a VERY happy camper!
edit to add.... that's money in the market, not NW.

stoptothink
Posts: 3687
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your networth progression

Post by stoptothink » Fri Feb 17, 2017 4:40 pm

BW1985 wrote:
I think we could be friends IRL, maybe gym partners, unfortunately I don't live in UT.

Maybe your Aunt has plans for her estate that you don't know about yet.


You are welcome in my garage gym if you are ever in these parts.

My aunt having plans for her estate :oops: ...Yeah. She inherited all of my grandfather's estate, who died about a decade prior to step-grandma and left her everything. Step-grandma had no contact with anybody in the family for that decade. Aunt all the sudden decided to develop a relationship with her "stepmom" as soon as she started having major health issues, about a year before she passed. Was no shock she got everything and the rest of the siblings didn't get a penny. Immediately retired (husband was a high school teacher, she was an elementary teacher's aid) and have spent the last several years basically travelling the world with their teenage kids, buying several luxury cars, making a ridiculously gaudy addition to their home (which nearly tripled its size), buying 10's of thousands in various road and mountain bikes (her husband's hobby); all the while creating a social media persona that it was made possible by years of hard work and saving. Needless to say, most of her siblings no longer have any relationship with her. Major family drama. We live about 2 miles away, my cousins are good kids, and she seems to really like me for some reason, so we remain somewhat cordial.

usnaron
Posts: 97
Joined: Wed Oct 28, 2009 9:20 am

Re: Share your net worth progression

Post by usnaron » Tue Feb 21, 2017 12:10 pm

BW1985 wrote:
usnaron wrote:-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?


That is seriously impressive. I didn't know officers in the service could make that kind of money. Good for you and thank you for your family's service.


Yeah, I think most people would be surprised that an Officer will make $90k (after tax) in San Diego, 4 years out of college. If you look at the highest average incomes among college graduates, all the service academies are in the top 5-8, ahead of most (if not all) ivy league schools. Not sure if that stat applies 10-20 years out of college.

Absolutely!
Posts: 3
Joined: Tue Feb 21, 2017 5:40 pm

Re: Share your net worth progression

Post by Absolutely! » Wed Feb 22, 2017 11:43 am

Our records only go back to 2005, so here's 2005 forward.
2005 - 269K
2006 - 390K
2007 - 524K - Part of the jump in 2007 was due to proceeds from sale of '69 Cobra Jet Mach 1 - 48K.
2008 - 469K
2009 - 492K
2010 - 539K
2011 - 594K
2012 - 613K
2013 - 682K
2014 - 769K
2015 - 839K
2016 - 984K
As of today - 1,029K

financeguy88
Posts: 20
Joined: Thu Feb 23, 2017 3:58 pm

Re: Share your net worth progression

Post by financeguy88 » Thu Feb 23, 2017 4:17 pm

2006 (graduated) -$20k (loan) (age 21)
2007 -- $50k (left investment banking job, started at a hedge fund)
2008 -- $210k
2009 -- $540k
2010 -- $620k (left big stable fund job for start-up fund -- mistake!)
2011 -- $600k
2012 -- $800k
2013 -- $1.2M (start-up fund failed, went back to a more stable fund)
2014 -- $1.4M
2015 -- $2.2M
2016 -- $3.6M
current -- $4.2M (got lucky with some investments to start the year so far)

A lot of my net worth is "unvested", have been fortunate to be very high performer at my job, have had my share of good and bad breaks, very stressful but can be very rewarding mentally / financially.

fantasytensai
Posts: 313
Joined: Fri Sep 30, 2016 3:30 pm

Re: Share your net worth progression

Post by fantasytensai » Thu Feb 23, 2017 4:50 pm

I think the most impressive thing about this thread is the amount of people with down portfolios in 2008, but stayed the course, and as a result turned great gains in the aftermath. I hope that I will be able to have the same firm mentality during the next recession! Bravo.

joeblow
Posts: 52
Joined: Sat Nov 28, 2015 12:17 pm

Re: Share your net worth progression

Post by joeblow » Fri Feb 24, 2017 1:22 am

These are just retirement accounts since we don't track everything in one place. Rough numbers...

$50K 12/31/05
$80K 12/31/06
$107K 12/31/07
$104K 12/31/08
$162K 12/31/09
$219K 12/31/10
$250K 12/31/11
$320K 12/31/12
$435K 12/31/13
$520K 12/31/14
$595K 12/31/15
$750K 12/31/16

With $106K in student loan debt in 2004...that would make our net worth negative. All things considered (cash, home equity etc.) we are sitting around $1.5 net worth today.

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flossy21
Posts: 363
Joined: Sun May 27, 2007 2:04 pm

Re: Share your net worth progression

Post by flossy21 » Fri Feb 24, 2017 8:05 pm

1997 to present. DW (44) and I (46). No kids. Dual income.

This includes all accounts, assets (real estate and cars), also outstanding loans and credit cards.

3 fund portfolio -- 40% Domestic stock fund, 25% International stock fund, 35% bond fund. I became a Boglehead in May 2007.

Image

OmniaProPatria
Posts: 7
Joined: Sun Jan 01, 2017 9:48 pm

Re: Share your net worth progression

Post by OmniaProPatria » Fri Feb 24, 2017 8:40 pm

Here are my numbers...
$92k - December 2005 (age 25)
$157k - December 2006
$220k - December 2007
$173k - December 2008
$257k - December 2009
$331k - December 2010
$381k - December 2011
$487k - December 2012
$658k - December 2013
$788k - December 2014
$853k - December 2015
$1,048k - December 2016

A few details about me:

    • I graduated from college in 2003 but only began tracking my net worth in 2005. I was lucky enough to graduate from college with a positive net worth. This was thanks in part to an investment in a utility DRIP stock that my grandfather purchased for me when I was born. He purchased $1,000 of the stock (a sizable amount in 1980) and I was able to see it grow and grow throughout my childhood (until I sold it a few years ago for about $60,000!). The gift really taught me a powerful lesson about patience and the power of compounding.
    • I've worked in the non-profit world for my entire 14-year career, but I've advanced in my field and done a LOT of side work. My starting salary in 2003 was in the mid-$30,000, and I'm now making ~$90,000 at my main job and another $50,000 on the side.
    • I've always been a saver and investor. All of my net worth (listed above) is in low-cost equity index funds. My current savings rate is ~$80,000/year. This is entirely automated — into my 403(b) with TIAA-CREF and various Vanguard accounts. I very much believe in the 'pay yourself first' philosophy of living, and I think the best way to do this is through automatic investments.
    • Despite the fact that I have a net worth of more than 1M, I'm actually a renter not a home owner. I'm single and live in an area where my rent is about what I would pay in property taxes + HOA fees if I were to buy a condo. I suspect I'm a bit strange for renting, but it seems to be working out just fine for me.

I'm not sure what retirement will look like for me, but at some point I'd like to switch gears and do something else — perhaps something in the for-profit world. (Does anyone have any ideas?!) I spend a lot of time thinking about what that next step will look like, and I feel really fortunate that at 36 I can realistically consider 'dropping everything' to have a new adventure.

Bacchus01
Posts: 1049
Joined: Mon Dec 24, 2012 9:35 pm

Re: Share your networth progression

Post by Bacchus01 » Sat Feb 25, 2017 9:39 am

Bacchus01 wrote: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.


Update. Did not hit $2M at end of 2015. Hit it mid 2016 and now in Feb 2017 sit at $2.3M at 43 yo.

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DarkNyte
Posts: 9
Joined: Mon May 18, 2015 10:15 am

Re: Share your net worth progression

Post by DarkNyte » Sat Feb 25, 2017 11:13 pm

May 2009 -$106K Graduated medical school at age 24.
Aug 2014 -$26K Finished fellowship at age 29. I feel like I did pretty well saving with low residents salary.
Jan 2015 $5k Net worth positive for the first time since starting college
Jan 2016 $218k
Jan 2017 $463k

Still got a boat load of work and saving to do.

hadron
Posts: 24
Joined: Wed Aug 07, 2013 11:57 pm

Re: Share your net worth progression

Post by hadron » Sun Feb 26, 2017 12:04 am

Year end numbers:
2012 - 160
2013 - 472 <- bump due to accounts consolidation (sold vested stock)
2014 - 531
2015 - 570
2016 - 740 <- new high paying job lets me save significantly more
Now - 835

Age 36. These are funds in market. Not counting home equity (300K) or funds in checking (50K) or 529 (30k)

investingdad
Posts: 1163
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your networth progression

Post by investingdad » Sun Feb 26, 2017 7:44 am

Bacchus01 wrote:
Bacchus01 wrote: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.


Update. Did not hit $2M at end of 2015. Hit it mid 2016 and now in Feb 2017 sit at $2.3M at 43 yo.


Wow. You and I are the same age and our tracks are nearly identical.

Nice! Not bad for being Gen X slackers. :)

Fisherman8
Posts: 62
Joined: Tue Jan 07, 2014 4:36 pm

Re: Share your net worth progression

Post by Fisherman8 » Sun Feb 26, 2017 3:07 pm

Dec 2011: -$246,000 (age 29)
Dec 2012: -197,000 (bought Practice #1)
Dec 2013: $67,500 (Paid off 250k student loans)
Dec 2014: $261,000 (bought house)
Dec 2015: $482,500
July 2016: $719,000
Dec 2016: $1,046,000 (bought Practice #2)
Feb 2017: $1,237,000

Note: I am counting a conservative value of my practices/business as part of my net worth (practice value minus loan debt).

Just_For_Jenna
Posts: 32
Joined: Sat Aug 31, 2013 5:52 am

Re: Share your net worth progression

Post by Just_For_Jenna » Sun Feb 26, 2017 3:59 pm

End of 2010 (age 27) $50k
End of 2011 (age 28) $65k
End of 2012 (age 29) $87k
End of 2013 (age 30) $158k
End of 2014 (age 31) $221k
End of 2015 (age 32) $291k
End of 2016 (age 33) $420k
Today: 2-18-2017 (age 33) $450k

Goal for end of 2017 (I will be 34) $550k
Goal for end of 2018 (I will be 35) $700k
Goal for end of 2019 (I will be 36) $850k
Goal for end of 2020 (I will be 37) $1M

deskjockey
Posts: 82
Joined: Sat Dec 03, 2016 11:15 am

Re: Share your net worth progression

Post by deskjockey » Sun Feb 26, 2017 4:33 pm

2004: $271,000 (age 28)
2005: $357,000
2006: $551,000
2007: $598,000
2008: $587,000
2009: $679,000
2010: $746,000
2011: $820,000
2012: $920,000
2013: $1,263,000
2014: $1,450,000
2015: $1,614,000
2016: $1,857,000 (age 40)
Now: $1,926,000

I've included home equity, which is currently 27% of our overall net worth. I track home equity using our real estate tax assessments. The minor dip in 2008 hides a 50% decline in our retirement investments due to the market crash. Thankfully, we had cashed out our taxable accounts to build a new house before the crash. Our timing was pure dumb luck.

Building the house in 2009 and having two kids shortly after that slowed our progression, especially since my wife took two years off of work to care for the kids. We got back in the swing of things in 2012-2013, thankfully. I've always been a buy and hold investor, but only became a true BH within the last year or so.

SheReadsHere719
Posts: 75
Joined: Fri Jan 06, 2017 7:28 pm

Re: Share your net worth progression

Post by SheReadsHere719 » Sun Feb 26, 2017 4:41 pm

Tracking net worth since 2012 thanks to Mint. All figures given are year-end.

2012 (graduated college): -$12k
2013: $4k
2014: $14k
2015: $37k
2016: $68k

Keys: salary increases + tracking in Mint + Bogleheads.

ravenecw
Posts: 19
Joined: Sat Feb 25, 2017 2:41 pm

Re: Share your net worth progression

Post by ravenecw » Sun Feb 26, 2017 5:13 pm

I wish i had as much as some of you, I don't have figures per year and what I make is very little (it's ok for the area I live I guess but... ugh).

My net worth is aprox.

$300,000 (includes cash and retirement accounts). I'm 42 though so i'm thinking i'm way behind and to ever catch up is very tough. I keep trying though.

User avatar
TxAg
Posts: 1050
Joined: Sat Oct 17, 2009 11:09 am

Re: Share your net worth progression

Post by TxAg » Sun Feb 26, 2017 9:41 pm

ravenecw wrote:I wish i had as much as some of you, I don't have figures per year and what I make is very little (it's ok for the area I live I guess but... ugh).

My net worth is aprox.

$300,000 (includes cash and retirement accounts). I'm 42 though so i'm thinking i'm way behind and to ever catch up is very tough. I keep trying though.


You are doing great! Keep it up. Most 42 year olds living in America probably have negative net worth

User avatar
bligh
Posts: 520
Joined: Wed Jul 27, 2016 9:13 pm

Re: Share your net worth progression

Post by bligh » Sun Feb 26, 2017 10:18 pm

ravenecw wrote:I wish i had as much as some of you, I don't have figures per year and what I make is very little (it's ok for the area I live I guess but... ugh).

My net worth is aprox.

$300,000 (includes cash and retirement accounts). I'm 42 though so i'm thinking i'm way behind and to ever catch up is very tough. I keep trying though.


You aren't way behind. You are way ahead. Have a look at this link :
https://en.wikipedia.org/wiki/Wealth_in_the_United_States and scroll down to the statistics section.

You are probably in the top 10-20% by net worth for your age.

By its very nature, the people on this board skew wealthy. By its very nature the people who post in threads like this are over achievers too. Kind of like when you see "before" and "after" photos of workout programs you never see the ones where the transformation is kind of small. :happy

sawhorse
Posts: 2854
Joined: Sun Mar 01, 2015 7:05 pm

Re: Share your net worth progression

Post by sawhorse » Mon Feb 27, 2017 3:14 am

I stopped calculating because it's so demoralizing. Two years unemployed, over $25k per year in medical expenses, expected to be closer to $45k this year due to experimental treatments that I hope to try because nothing else has worked :(

Things can change really fast. It could happen to you too.

ravenecw
Posts: 19
Joined: Sat Feb 25, 2017 2:41 pm

Re: Share your net worth progression

Post by ravenecw » Mon Feb 27, 2017 8:46 am

TxAg wrote:
ravenecw wrote:I wish i had as much as some of you, I don't have figures per year and what I make is very little (it's ok for the area I live I guess but... ugh).

My net worth is aprox.

$300,000 (includes cash and retirement accounts). I'm 42 though so i'm thinking i'm way behind and to ever catch up is very tough. I keep trying though.


You are doing great! Keep it up. Most 42 year olds living in America probably have negative net worth
bligh wrote:
ravenecw wrote:I wish i had as much as some of you, I don't have figures per year and what I make is very little (it's ok for the area I live I guess but... ugh).

My net worth is aprox.

$300,000 (includes cash and retirement accounts). I'm 42 though so i'm thinking i'm way behind and to ever catch up is very tough. I keep trying though.


You aren't way behind. You are way ahead. Have a look at this link :
https://en.wikipedia.org/wiki/Wealth_in_the_United_States and scroll down to the statistics section.

You are probably in the top 10-20% by net worth for your age.

By its very nature, the people on this board skew wealthy. By its very nature the people who post in threads like this are over achievers too. Kind of like when you see "before" and "after" photos of workout programs you never see the ones where the transformation is kind of small. :happy



Thank you both, I have too much in cash though as I got into investing way late (and am barely in now)- it always scared me. I'm great at saving money but investing is another story. I'm trying but still very timid. I also have a job dilemma now (I have a post on it and not much feedback) as i'm not sure if i should take it or now. Lots of hard decisions so a lot of the times I go with what I know, it's not always what makes me happiest but it's the safest, so far I guess it's worked ok.

Accrual
Posts: 43
Joined: Tue Feb 07, 2017 3:22 pm
Location: Durham, NC.

Re: Share your net worth progression

Post by Accrual » Mon Feb 27, 2017 9:05 am

ravenecw wrote:I wish i had as much as some of you, I don't have figures per year and what I make is very little (it's ok for the area I live I guess but... ugh).

My net worth is aprox.

$300,000 (includes cash and retirement accounts). I'm 42 though so i'm thinking i'm way behind and to ever catch up is very tough. I keep trying though.


Comparison is the thief of joy. Keep doing what you're doing!

snoopdoug1
Posts: 237
Joined: Mon Jul 23, 2007 10:53 am

Re: Share your net worth progression

Post by snoopdoug1 » Mon Feb 27, 2017 10:19 am

sawhorse wrote:I stopped calculating because it's so demoralizing. Two years unemployed, over $25k per year in medical expenses, expected to be closer to $45k this year due to experimental treatments that I hope to try because nothing else has worked :(

Things can change really fast. It could happen to you too.


So sorry to hear that, I hope things turn around for you.

hmw
Posts: 373
Joined: Sun Mar 02, 2014 11:44 am

Re: Share your networth progression

Post by hmw » Mon Feb 27, 2017 11:55 am

hmw wrote: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


Update

12/31/2015. 1.84 million
12/31/2016. 2.45 million
02/2017. 2.6 million

snoopdoug1
Posts: 237
Joined: Mon Jul 23, 2007 10:53 am

Re: Share your networth progression

Post by snoopdoug1 » Tue Feb 28, 2017 10:51 am

hmw wrote:
hmw wrote: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


Update

12/31/2015. 1.84 million
12/31/2016. 2.45 million
02/2017. 2.6 million


holy cow - is most of that returns or new principal? You added almost 600k between 2015 and 2016.

hmw
Posts: 373
Joined: Sun Mar 02, 2014 11:44 am

Re: Share your networth progression

Post by hmw » Tue Feb 28, 2017 7:37 pm

snoopdoug1 wrote:
hmw wrote:
hmw wrote: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


Update

12/31/2015. 1.84 million
12/31/2016. 2.45 million
02/2017. 2.6 million


holy cow - is most of that returns or new principal? You added almost 600k between 2015 and 2016.


About 2/3 new principal and 1/3 investment returns

dacalo
Posts: 37
Joined: Mon Mar 28, 2016 11:09 pm

Re: Share your net worth progression

Post by dacalo » Thu Mar 02, 2017 7:56 pm

What an interesting thread. At age 37, wife (31) and I just hit $200k with one income (she is going to school) and with a 10 week year old. Although my income is relatively high, we live in the Silicon Valley which is a VHCOL area. We are renting at the moment but it's a good chunk of my salary, which is very discouraging and stresses me out (not financially but the fact that we are spending almost mid five-figures on rent).

It's encouraging to see other's progress and keeping the spirit of saving alive.

Frezio
Posts: 20
Joined: Tue Jul 08, 2014 3:21 pm

Re: Share your net worth progression

Post by Frezio » Thu Mar 02, 2017 8:12 pm

I don't have detailed records prior to 2009, but had a pretty good start at a young age with a good paying job right out of college and following Boglehead principles from the beginning. Then it's just been steady saving since then.

Dec 2009: $530k (age 29)
Dec 2010: $651k
Dec 2011: $783k
Dec 2012: $1,028k
Dec 2013: $1,324k
Dec 2014: $1,610k
Dec 2015: $1,774k
Dec 2016: $2,085k (age 36)
Today: $2,211k

Elena
Posts: 78
Joined: Mon Nov 21, 2016 5:42 pm

Re: Share your net worth progression

Post by Elena » Thu Mar 02, 2017 8:20 pm

I have never tracked my yearly progression, so I will just post current. I also do not know whether one should include home valuation or not. I know that nowadays everybody feels rich and smart in the high market, :mrgreen: . Through the recession, I increased pre- and post-tax contributions. I am 44.

So far, it is:
March 2017
$806,000 (roughly, half in ret. acct. and half in taxable).
House paid off, valued at some $350,000
Last year's savings rate was 54%. This year will be higher: Starting Jan., I am deferring $36,000 to plans 457(b) and 403(b) to hopefully place me in a lower tax bracket.

I will track yearly NW from now on, just out of curiosity. Do you all track your yearly net worth in Jan.?

Incendiary
Posts: 441
Joined: Sun Jun 19, 2016 9:42 am

Re: Share your net worth progression

Post by Incendiary » Fri Mar 03, 2017 12:27 am

I'll play. Here's my wife's and my "self-made" brokerage valuation to date.

12/31/16: $637,993.40
12/31/15: $497,071.46
12/31/14: $437,150.36
12/31/13: $308,867.65
12/31/12: $210,378.05
12/31/11: $119,691.14
12/31/10: $89,634.44
12/31/09: $57,830.43
12/31/08: $34,354.68
12/31/07: $39,976.59

2tall4economy
Posts: 354
Joined: Thu Jan 08, 2015 7:55 am
Location: Global

Re: Share your net worth progression

Post by 2tall4economy » Fri Mar 03, 2017 1:13 am

sharpjm wrote:2009 : -52k (wasting money buying go fast parts for car)


:) that's painfully familiar - I graduated, paid off 100% of my debts and then as a "reward" I bought my sports card and promptly racked up $12k in credit card debt putting stereo and performance parts in it. Lemon law'd it a year later. lost about $20k all in, could have been a whole lot worse but the lemon law saved me.
You can do anything you want in life. The rub is that there are consequences.

JimmyD
Posts: 689
Joined: Fri Sep 27, 2013 4:03 pm
Location: Smyrna, GA

Re: Share your net worth progression

Post by JimmyD » Fri Mar 03, 2017 9:08 am

2014 (Age 31): -$84,860
2015 (Age 32): $27,000
2016 (Age 33): $139,818
2017 (Age 34): $233,217

Married into some serious debt in 2013 - wife has nearly $250K in student loans that are due to be forgiven in 2022.

Traveller
Posts: 605
Joined: Sat Jun 25, 2011 10:47 am

Re: Share your net worth progression

Post by Traveller » Fri Mar 03, 2017 9:12 am

JimmyD wrote:2014 (Age 31): -$84,860
2015 (Age 32): $27,000
2016 (Age 33): $139,818
2017 (Age 34): $233,217


Love that trend line! Keep it up.

User avatar
Edie
Posts: 66
Joined: Fri May 06, 2016 4:03 pm

Re: Share your net worth progression

Post by Edie » Fri Mar 03, 2017 12:51 pm

Decided to share even though not as impressive as others. I only have approximate #s in the earlier years, since I didn't actually track until 2012 when I became eligible for 401k at work. Loans and investments only, mortgage/equity is left out of the calculations because our house is where we live, not an investment (we have lots of equity from buying near the bottom of the market, but no desire to move), and there's another small chunk of money in our HSA, but with spouse's health issues I don't count that as part of our net worth either. It's just accumulating to be spent.


1996 - 2006 (first marriage) 18 to 28, assume +/-2k depending on time of year, tax refunds or CC debt

2006 - age 28 - 0 (left abusive marriage with nothing to my name but the best thing to ever happen to me, my 3 girls, net worth was actually probably negative with credit card debt from my ex, but I don't even remember/care anymore, calling it zero, game over, hard reset to last save point of HS grad (I'm obviously a product of the Nintendo generation :wink:, a few years older maybe, but still!))

2007 - age 29 - (8k) (started school at community college, had to pay out of state tuition rate first year, but my amazing mom paid a year's rent up front to let me focus on my girls, my studies and my psyche)

2008 - age 30 - (13k) (started receving merit scholarships and grants this year and in-state tuition rates, but still large loan increase to pay for living expenses and rent since working two part-time jobs wasn't covering it)

2009 - age 31 - (19k) (switched from CC to university, more loans)

2010 - age 32 - (25k) (year of home purchase, not included in calcs)

2011 - ages 33/47 - (35k) (graduated and started great job a week later :mrgreen:, leased new car :oops:, remarried <3 and gained a son, a few months younger than my oldest)

2012 - ages 34/48 - (31k) (investments EOY 9k, loan balances 40k, purchased car for my mom to drive to help pick up kids from school :dollar was a trade off between gas for her gas-guzzling tank (suburban), or this, which the kids would then be able to drive eventually)

2013 - ages 35/49 - 0!!! (investments EOY 27k, loan balances 27k)

2014 - ages 36/50 - 35k (investments EOY 51k, loan balances 16k, paid off "mom/kid car" loan, bought out the lease on my Prius, spouse put on disability :()

2015 - ages 37/51 - 72k (investments EOY 83k, loan balances 9k, new great job, oldest started college)

2016 - ages 38/52 - 104k (investments EOY 110k, 6k loan balance, final student loan paid off a couple months before 5 years out of school, son started (and stopped :annoyed ) college this year, permanent disability for spouse per insurance :( but still waiting on SSDI application/appeal)


Hoping to increase the investment/loan payoff amounts this year past 30k with only one kid in college again, but single income (+ small disability insurance for spouse) and spouse's health are limiting factors.

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

Re: Share your networth progression

Post by FItoBFree » Sun Mar 05, 2017 5:21 pm

1.5 years have passed since my last post. Here's an update:

FItoBFree wrote: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 gross (Aug 2013-Mar 2014)
Jan 2015 - ($48,166.05); new salary ~$208k gross (Mar 2014-Oct 2015)
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


Sep 2015 - $54,056.60
Oct 2015 - $70,242.65
Nov 2015 - $83,498.88; new salary ~$228.8k gross (Nov 2015-present)
Dec 2015 - $91,476.97

Jan 2016 - $99,287.45
Feb 2016 - $110,793.04
Mar 2016 - $118,471.02
Apr 2016 - $126,013.93
May 2016 - $136,820.10
Jun 2016 - $142,208.84
Jul 2016 - $156,858.49
Aug 2016 - $167,298.06
Sep 2016 - $186,170.82
Oct 2016 - $187,670.99
Nov 2016 - $208,461.37
Dec 2016 - $224,249.24

Jan 2017 - $239,520.08
Feb 2017 - $261,891.64

sanfran2015
Posts: 131
Joined: Mon Jan 05, 2015 10:51 pm

Re: Share your net worth progression

Post by sanfran2015 » Sat Jun 10, 2017 1:02 pm

This is a great thread to follow along on how net worth accumulates/compounds over time for various people.

nakedbird226
Posts: 124
Joined: Fri Mar 28, 2014 12:18 pm

Re: Share your net worth progression

Post by nakedbird226 » Sat Jun 10, 2017 1:20 pm

Always interesting to check up on this every year.

Aug 2013: $-24,000
Aug 2014: $11,000
Aug 2015: $54,000
Aug 2016: $93,000
June 2017: $137,000

Felt good to hit that 100k mark finally, I should soon have 100k in investments alone :D. By the time I am 27 hopefully.

lostdog
Posts: 580
Joined: Thu Feb 04, 2016 2:15 pm

Re: Share your net worth progression

Post by lostdog » Sat Jun 10, 2017 4:12 pm

January 2017 - $579,000
June 2017 -------$632,000
"Our life is frittered away by detail. Simplify, simplify." -Thoreau | Vanguard Total World Index

Dottie57
Posts: 2100
Joined: Thu May 19, 2016 5:43 pm

Re: Share your net worth progression

Post by Dottie57 » Sat Jun 10, 2017 4:57 pm

bligh wrote:
ravenecw wrote:I wish i had as much as some of you, I don't have figures per year and what I make is very little (it's ok for the area I live I guess but... ugh).

My net worth is aprox.

$300,000 (includes cash and retirement accounts). I'm 42 though so i'm thinking i'm way behind and to ever catch up is very tough. I keep trying though.
You aren't way behind. You are way ahead. Have a look at this link :
https://en.wikipedia.org/wiki/Wealth_in ... ted_States and scroll down to the statistics section.

You are probably in the top 10-20% by net worth for your age.

By its very nature, the people on this board skew wealthy. By its very nature the people who post in threads like this are over achievers too. Kind of like when you see "before" and "after" photos of workout programs you never see the ones where the transformation is kind of small. :happy

Agree op is doing fine. I had between 100-200k at that age and now am in 2 comma club. Keep saving, investing and live below your means.

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