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
dcop
Posts: 112
Joined: Fri Sep 08, 2017 6:06 pm

Re: Share your net worth progression

Post by dcop » Tue Jan 01, 2019 1:10 pm

EOY 2006 NW: $478,999.31
EOY 2007 NW: $536,121.62
EOY 2008 NW: $407,109.81
EOY 2009 NW: $562,688.16
EOY 2010 NW: $666,994.26
EOY 2011 NW: $692,506.61
EOY 2012 NW: $816,233.12
EOY 2013 NW: $1,055,741.82
EOY 2014 NW: $1,209,388.16
EOY 2015 NW: $1,284,413.62
EOY 2016 NW: $1,472,810.72
EOY 2017 NW: $1,749,802.48
Now 2018 NW: $$1,716,265.54

Gain/Loss 2018 vs 2017: ($33,536.95)

A few variables that affected 2018:
-Retired in May (59yrs old)
-W2 wages up til May - 13K
-Went on COBRA in June 550/month
-Spent 15K on a car in Feb
-Moved from Wis to TX: approx cost 2K
-Total Spending including the COBRA, car and move for 2018 - 34,030
-Withdrawls from Reirement Accounts - 16,306
-Market Sucked
Last edited by dcop on Tue Jan 01, 2019 1:27 pm, edited 1 time in total.

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5th_Dimension
Posts: 122
Joined: Mon Jul 11, 2016 1:05 am

Re: Share your net worth progression

Post by 5th_Dimension » Tue Jan 01, 2019 1:18 pm

2001 -$44,000
2002 -$41,000
2003 -$33,000
2004 -$25,000
2005 -$23,000
2006 -$12,000
2007 -$9,000
2008 $20,000
2009 $30,000
2010 $42,000
2011 $54,000
2012 $86,000
2013 $186,000
2014 $232,000
2015 $272,000
2016 $320,000
2017 $437,000
2018 $723,000

Received an inheritance this year which I put into the market as per my IPS as soon as I got it in June-August. When the market went south the increased losses wiped out the entire market gains I had made since becoming a Boglehead in 2016 and I am currently in the red overall :shock: .
I knew that this was a possibility when I put the money in so I am not making any changes :happy .
"My idea of rich is ordering the most expensive thing at Denny's"

IMD801
Posts: 136
Joined: Sat Dec 21, 2013 9:26 pm

Re: Share your net worth progression

Post by IMD801 » Tue Jan 01, 2019 2:48 pm

Annual update:

2008: -150k
2009: -130k
2010: -120k
2011: -100k
2012: -60k
2013: 0
2014: 160k
2015: 340k
2016: 620k
2017: 1M
2018: (as of 1/1/19) 1.2M

Despite market madness this thread keeps me motivated! Investments of course took a hit but brute saving and paying down the mortgage principal has been helpful.

dreamrrr
Posts: 20
Joined: Thu Nov 12, 2015 6:47 pm

Re: Share your net worth progression

Post by dreamrrr » Tue Jan 01, 2019 3:17 pm

2001 $158,563
2002 $191,094
2003 $204,039
2004 $269,122
2005 $318,511
2006 $381,979
2007 $461,929
2008 $510,606
2009 $615,093
2010 $719,125
2011 $816,346
2012 $896,043
2013 $1,007,604
2014 $1,091,028
2015 $1,095,865
2016 $1,148,213
2017 $1,262,862
2018 $1,268,716

tindel
Posts: 131
Joined: Sun Nov 12, 2017 10:06 am

Re: Share your net worth progression

Post by tindel » Tue Jan 01, 2019 3:22 pm

Age Year NW YoY Comments
30 2011 -5k N/A (WAG - I didn't start tracking until March of 2011)
31 2012 45k N/A
32 2013 125k 177% (really good all around year, investments, debt paydown, and house appreciation)
33 2014 250k 100% (Ridiculous house appreciation +23.6%)
34 2015 305k 22%
35 2016 370k 21.3%
36 2017 445k 20.3% (laid off for ~6 months)
37 2018 550k 23.6%

Not a bad progression in 7 years. The goal is to be FI in another 7-12 years, need a NW of about 2M.

Average gross combined income has been ~111k for 2012-2018. 2018 savings rate is ~43.8% of gross, 59.7% of net. Of course, the net won't be finalized until after tax season.

According to The Millionaire Next Door I am an Average Accumulator of Wealth. Although I save a LOT - I'm not sure how that's average.

hmw
Posts: 603
Joined: Sun Mar 02, 2014 11:44 am

Re: Share your networth progression

Post by hmw » Tue Jan 01, 2019 5:20 pm

hmw wrote:
Mon Jan 01, 2018 10:56 pm
hmw wrote:
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
Update

12/31/2017. 3.40 million
update

12/31/2018 3.74 million

HEDGEFUNDIE
Posts: 2584
Joined: Sun Oct 22, 2017 2:06 pm

Re: Share your net worth progression

Post by HEDGEFUNDIE » Tue Jan 01, 2019 6:43 pm

End of 2010: $27k (after first two years in workforce)
End of 2018: $900k (after grad school, marriage and home purchase)

dziuniek
Posts: 569
Joined: Mon Jul 23, 2012 2:54 pm
Location: Corrupticut

Re: Share your net worth progression

Post by dziuniek » Tue Jan 01, 2019 7:16 pm

Checking in for the annual update:

This looked a lot better at the end of September, but oh well :)

NW up 24% YOY, Investments up 12% YOY. (due to contributions)

Age Year Net-Worth
26 2011 -20k
27 2012 -10k
28 2013 -40k
29 2014 -15k
30 2015 26.5k
31 2016 94k
32 2017 147.5k
33 2018 182.5k

calisaver
Posts: 6
Joined: Mon Jan 08, 2018 2:33 pm

Re: Share your net worth progression

Post by calisaver » Tue Jan 01, 2019 7:34 pm

calisaver wrote:
Mon Jan 08, 2018 2:42 pm
2012: 211k - Age 28
2013: 442k
2014: 553k
2015: 634k
2016: 802k
2017: 1.14M Age 33
2018 Update: 1.28M Age 34

ge1
Posts: 480
Joined: Sat Apr 28, 2012 8:15 pm

Re: Share your networth progression

Post by ge1 » Tue Jan 01, 2019 7:45 pm

ge1 wrote:
Thu Jan 14, 2016 9:48 pm
Just a few milestones which come to mind:

Up until 30: maybe 50k

Sep 2008: Now married, both well earning jobs, made two excellent real estate investments: 1.2m

March 2009: less than 700k, ouch!

YE 2013: 2m

Now: 2.5m

Not including equity in primary residence in this.
Interesting to look at this again. We are at 3.9m now including 500k in primary residence 400k in 2nd home.

desafinado
Posts: 146
Joined: Wed Dec 28, 2016 3:14 am

Re: Share your net worth progression

Post by desafinado » Tue Jan 01, 2019 9:54 pm

desafinado wrote:
Sun Dec 31, 2017 9:44 pm
2013: ~11k
2014: ~13k
2015: ~13k
2016: ~29k
2017: ~42k
2018 (started full time work): ~150k

18_bank_accounts
Posts: 20
Joined: Fri Jun 02, 2017 11:37 am

Re: Share your net worth progression

Post by 18_bank_accounts » Tue Jan 01, 2019 11:32 pm

2008 $54,000 age 27
2009 $76,000
2010 $140,000
2011 $192,000
2012 $233,000
2013 $405,000 start up options
2014 $608,000
2015 $641,000
2016 $875,039
2017 $1,029,021 small inheritance
2018 $1,559,767
2019 $1,584,345 as of Jan 1, 2019, age 38

DH0
Posts: 25
Joined: Thu Jan 11, 2018 3:00 pm

Re: Share your net worth progression

Post by DH0 » Tue Jan 01, 2019 11:46 pm

2010: $116,000
2011: $279,000
2012: $402,000
2013: $598,000
2014: $1,024,000
2015: $1,577,000
2016: $1,801,000
2017: $2,195,000
2018: $2,528,000 (mid-30s, good income, mainly real estate)

sf_tech_saver
Posts: 126
Joined: Sat Sep 08, 2018 9:03 pm

Re: Share your net worth progression

Post by sf_tech_saver » Wed Jan 02, 2019 12:39 am

fire4fun wrote:
Mon Dec 31, 2018 10:54 pm
sf_tech_saver wrote:
Sun Dec 30, 2018 6:40 pm
Have spent most of my life relatively career focused, always maxing out my 401k but only discovered Boggleheads style investing at 40. :oops:

From 20-30 had a good job in tech but sunk everything into buying too much house for an average neighborhood and then walked away from it all in a divorce at 30.

At 30, post divorce I had only 70k in 401k and $25k savings, and no debt. The first wife was spendy and I resolved to end that habit. My salary had gone from 65k in early 20's to $160k at 30.

A year ago through increasing my salary and hard savings with some Wealthfront (score 8) I'd gotten to about a $1.2M net worth. Wealthfront was a fun app and being a techie it drew me in and got me investing. I'd grown salary to 500K+ but with high California cost of living and taxes it takes time to build back up. By studying what Wealthfront's portfolios were really doing I realized it was just training wheels for Bogglehead like investing....I only miss the automated tax-harvesting. The uncapped .25% fee is nuts on top of the fund fees.

The big inflection in my portfolio was the company I worked for going public. At 40 this has boosted net worth from $1.2M to $3.7M so far. Currently using about $1.15M of that to make a downpayment on a ~$1.9M condo in SF.

Today:

401k is ~$600k (2045 Vanguard fund)
After tax investments: ~$1.9M (50/50 AA)
Savings account/emergency: $100k (CA MM)
750k 3.7% mortgage on Condo (1.15 equity)

By my basic calculations.... if I can average 6%/year until I'm 65 I'm ~$10M in assets even if I don't invest anymore into my retirement. That's a long time and 6% isn't assured of course but its not crazy for a 25 year horizon.

A LOT can happen in a decade so I'm focused on keeping costs low, working hard and taking a shot at perhaps being able to retire after 50....one decade at a time I guess!
So the important question is .. did you end up getting remarried? (I have a hunch) :wink:
I did. She just asked me what the heck I'm doing online on this forum again. She is bored to death of money, and doesn't spend it too freely thankfully :)

Got it right this time and we also don't share a bank account. :D

LFKB
Posts: 583
Joined: Mon Dec 24, 2012 7:06 pm

Re: Share your net worth progression

Post by LFKB » Wed Jan 02, 2019 1:09 am

LFKB wrote:
Mon Jun 12, 2017 10:04 am
Full update for the two of us below

2008: graduated college - maybe $40k
2009: $100k
2010: $200k
2011: $400k
2012: $620k
2013: $850k
2014: $1.15M
2015: $1.6M
2016: $2.1M
2017: $2.8M
2018: $5.0M

fire4fun
Posts: 91
Joined: Tue Dec 25, 2018 2:29 am

Re: Share your net worth progression

Post by fire4fun » Wed Jan 02, 2019 1:46 am

5th_Dimension wrote:
Tue Jan 01, 2019 1:18 pm
2001 -$44,000
2002 -$41,000
2003 -$33,000
2004 -$25,000
2005 -$23,000
2006 -$12,000
2007 -$9,000
2008 $20,000
2009 $30,000
2010 $42,000
2011 $54,000
2012 $86,000
2013 $186,000
2014 $232,000
2015 $272,000
2016 $320,000
2017 $437,000
2018 $723,000

Received an inheritance this year which I put into the market as per my IPS as soon as I got it in June-August. When the market went south the increased losses wiped out the entire market gains I had made since becoming a Boglehead in 2016 and I am currently in the red overall :shock: .
I knew that this was a possibility when I put the money in so I am not making any changes :happy .
This is more impressive to me than the " 2015 $600K, 2016 $1M, 2017 $2M, 2018 $4M " etc. posts. The fact that you were diligent enough to track your net worth for 20 years is commendable. I think I started tracking things in 2017.

What was the negative net worth, student loans? I would love to hear your 'self talk' during that time where it seemed like you weren't making progress that fast. Yet you stuck with it. Bravo! :beer

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luminous
Posts: 124
Joined: Sat Dec 30, 2017 10:28 pm

Re: Share your net worth progression

Post by luminous » Wed Jan 02, 2019 1:58 am

tindel wrote:
Tue Jan 01, 2019 3:22 pm
Age Year NW YoY Comments
30 2011 -5k N/A (WAG - I didn't start tracking until March of 2011)
31 2012 45k N/A
32 2013 125k 177% (really good all around year, investments, debt paydown, and house appreciation)
33 2014 250k 100% (Ridiculous house appreciation +23.6%)
34 2015 305k 22%
35 2016 370k 21.3%
36 2017 445k 20.3% (laid off for ~6 months)
37 2018 550k 23.6%

Not a bad progression in 7 years. The goal is to be FI in another 7-12 years, need a NW of about 2M.

Average gross combined income has been ~111k for 2012-2018. 2018 savings rate is ~43.8% of gross, 59.7% of net. Of course, the net won't be finalized until after tax season.

According to The Millionaire Next Door I am an Average Accumulator of Wealth. Although I save a LOT - I'm not sure how that's average.
Looks like you got a "late start" according to the Millionaire Next Door formula. I bet in less than 5 years you'll catch up to the Millionaire Next Door rule of thumb and be better than average. :)
50/20/30 US stock/international stock/bonds. Hope to semi-retire in 2026.

CarpeDiem22
Posts: 199
Joined: Tue May 22, 2018 11:20 pm

Re: Share your net worth progression

Post by CarpeDiem22 » Wed Jan 02, 2019 4:20 am

CarpeDiem22 wrote:
Fri Aug 10, 2018 1:01 am
Coming from a low income-low expense country, I need only about USD 220K to retire. Here is how my NW has moved:

All amounts as on 31st Dec, in USD at current exchange rate (Aug 2018):

2013: 6K (age 27, fresh out of post-grad)
2014: 16K (age 28)
2015: 23K (age 29)
2016: 32K (age 30)
2017: 40K (age 31)
2018 YTD: 50K (still 31)

My wife has about 18K additional, so we're total at 68K, about 31% done towards goal. Never had more than 10% equity exposure before Jan 2017 due to lack of knowledge.
2018: 54K (age 32) (wife has 21K, so total at 75K).

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WestUniversity
Posts: 205
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Re: Share your story of how you got wealthy

Post by WestUniversity » Wed Jan 02, 2019 8:34 am

Professor Emeritus wrote:
Tue May 13, 2014 10:17 am
Would never claim I was wealthy but
I suggest
1) marry the right partner
2) Live in the same house for 34 years
3) work very hard at your profession
4) live below your means and save prodigiously
5) never listen to or pay a dime to a broker or other thief
Ditto!

GCD
Posts: 902
Joined: Tue Sep 26, 2017 7:11 pm

Re: Share your net worth progression

Post by GCD » Wed Jan 02, 2019 10:20 am

LFKB wrote:
Wed Jan 02, 2019 1:09 am
LFKB wrote:
Mon Jun 12, 2017 10:04 am
Full update for the two of us below

2008: graduated college - maybe $40k
2009: $100k
2010: $200k
2011: $400k
2012: $620k
2013: $850k
2014: $1.15M
2015: $1.6M
2016: $2.1M
2017: $2.8M
2018: $5.0M
That's a nice one year jump! Congrats.

annielouise
Posts: 382
Joined: Wed May 14, 2008 4:11 pm

Re: Share your networth progression

Post by annielouise » Wed Jan 02, 2019 10:58 am

Update:
annielouise wrote:
Mon Jan 01, 2018 11:26 am

I only have records back to 2006, January 1st amts.

2006: $482,000
2007: $609,000
2008: $687,000
2009: $567,000
2010: $750,000
2011: $873,000
2012: $952,000
2013: $1,087,000
2014: $1,286,000
2015: $1,440,000
2016: $1,562,000
2017: $1,767,000
2018: $2,029,000
2019: $2,106,000

2018 was a year of personal upheaval. Here's hoping that 2019 will be uneventful.

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5th_Dimension
Posts: 122
Joined: Mon Jul 11, 2016 1:05 am

Re: Share your net worth progression

Post by 5th_Dimension » Wed Jan 02, 2019 12:11 pm

fire4fun wrote:
Wed Jan 02, 2019 1:46 am
5th_Dimension wrote:
Tue Jan 01, 2019 1:18 pm
2001 -$44,000
2002 -$41,000
2003 -$33,000
2004 -$25,000
2005 -$23,000
2006 -$12,000
2007 -$9,000
2008 $20,000
2009 $30,000
2010 $42,000
2011 $54,000
2012 $86,000
2013 $186,000
2014 $232,000
2015 $272,000
2016 $320,000
2017 $437,000
2018 $723,000

Received an inheritance this year which I put into the market as per my IPS as soon as I got it in June-August. When the market went south the increased losses wiped out the entire market gains I had made since becoming a Boglehead in 2016 and I am currently in the red overall :shock: .
I knew that this was a possibility when I put the money in so I am not making any changes :happy .
This is more impressive to me than the " 2015 $600K, 2016 $1M, 2017 $2M, 2018 $4M " etc. posts. The fact that you were diligent enough to track your net worth for 20 years is commendable. I think I started tracking things in 2017.

What was the negative net worth, student loans? I would love to hear your 'self talk' during that time where it seemed like you weren't making progress that fast. Yet you stuck with it. Bravo! :beer
Thank you :happy .

$34,000 of the debt in 2001 was credit card debt, for which I was paying 12% interest. The rest was a small student loan and car debt. After I woke up to how much I was actually paying in interest on the credit cards I created a spreadsheet to track the debt. I spent most of the first 2 years consolidating the debt and trying to lower the interest rates on the loans, mostly by utilizing balance transfer offers. In 2002 I had lowered it to 6%; in 2003 to 4.4%; in 2004 to 1%. Even after I lowered the interest rate I continued to pay the same "minimum monthly payment" amount I had started with.

The first year was hard as you can see. There was almost no reduction in the debt. But seeing the interest rate slowly come down kept me going. I obsessed over my spreadsheet :happy . I think having the spreadsheet to look at and work with helped keep me going. I could see with every change in the interest rate how much less I was paying the credit card companies.

In 2005 I was credit card debt free. I have a final spreadsheet with zeros in all the totals. I have remained credit card debt free ever since.
"My idea of rich is ordering the most expensive thing at Denny's"

cpan00b
Posts: 65
Joined: Wed May 10, 2017 9:39 pm

Re: Share your net worth progression

Post by cpan00b » Wed Jan 02, 2019 12:55 pm

Didn't track before 2014.

Dec 2014: 50k (Started grad school in September 2014. All of my money was in cash) - Age 25
Dec 2015: 29k (NW decrease due to minimum income and living off savings. Had a measly internship for 14k of income during summer.)
Dec 2016: 35k (COL offset by sweet summer internship with 30k of income)
Dec 2017: 85k (Started working full time in Sep 2017. Finally invested into the market in April 2017. 6k was in gains from market).
Dec 2018: 194k (Aggressive saving and finally at full income stream. Lost about 18.5k in declining market).

Goal for 12/31/19 is to be at 300k and 30 years old. Let's hope for a good year in the market.

Double Chin Finn
Posts: 1
Joined: Sat Jun 23, 2018 2:52 am

Re: Share your net worth progression

Post by Double Chin Finn » Wed Jan 02, 2019 1:15 pm

2014: $4,300 (Started last year of grad school...age 26)
2015: $17,000 (Graduated in June of that year and started working full time in September...age 27)
2016: $46,000 (age 28)
2017: $104,000 (age 29)
2018: $146,000 (age 30)

I managed to barely surpass my target net worth goal for the 2018 year. The market might have had quite a bit to do with that. :wink:

dcop
Posts: 112
Joined: Fri Sep 08, 2017 6:06 pm

Re: Share your net worth progression

Post by dcop » Wed Jan 02, 2019 1:34 pm

It seems everyone but me in this thread increased NW in 2008. I got slaughtered that year but made it all back plus in 2009. How did you guys fare so well in 2008?

latesaver
Posts: 149
Joined: Thu Aug 03, 2017 3:35 pm

Re: Share your net worth progression

Post by latesaver » Wed Jan 02, 2019 2:22 pm

latesaver wrote:
Wed Jan 03, 2018 2:47 pm
I didn't pull my head out of my a** until 2017, at which point I really reduced our expenses and conscientiously put all excess $ into our investment portfolio.

Wife and I are both in our 30s and fairly high earners. I am excited to see where we are in a few years.


1/1/17: ~$1.0M
5/1/17: $1.55M
12/31/17: $2.17M
12/31/18: $2.41M <--excludes home equity, so doesn't reflect about a $100K payoff to retire our mortgage in Feb 2018.

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Tamarind
Posts: 1400
Joined: Mon Nov 02, 2015 2:38 pm

Re: Share your net worth progression

Post by Tamarind » Wed Jan 02, 2019 2:41 pm

Investment returns around (6%), but investment balance up due to increased contributions. Net worth up sharply but growth rate a pain to calculate due to getting married, resulting in an AA change and adding a new batch of assets mid year.

Refinanced mortgage down to 3.09%, and accelerated payoff rate by redirecting savings to principal.

Maxed out two 401ks and 2 Roth IRAs for the first time.

TheEconomist
Posts: 1
Joined: Thu Dec 13, 2018 1:52 pm

Re: Share your net worth progression

Post by TheEconomist » Wed Jan 02, 2019 3:30 pm

2017: -27,000 (just graduated college, started my first job)
2018: -11,500 (new job, paid down student loans and increased 401k and IRA contributions)

BAM55
Posts: 2
Joined: Mon Oct 08, 2018 1:30 pm

Re: Share your net worth progression

Post by BAM55 » Wed Jan 02, 2019 4:33 pm

My first post!

2008 = <$1.0MM
2009 = $1,115,287
2010 = $1,355,539
2011 = $1,380,205
2012 = $1,658,394
2013 = $2,070,197
2014 = $2,178,034
2015 = $2,164,613
2016 = $2,419,497
2017 = $2,913,595
2018 = $2,900,563 (51 years old)

Above does NOT include house net worth - which is currently in the $500k range.

It's true what they say in that the first $1MM is the hardest! Was above $3MM for a lot of 2018 until the market sank. Plowed a lot of money in during 2018, however, so that should come back strong when the market does.

No inheritance, no windfalls (outside of yearly bonuses) - just diligent saving every year by me and my wife and living beneath our means.

GCD
Posts: 902
Joined: Tue Sep 26, 2017 7:11 pm

Re: Share your net worth progression

Post by GCD » Wed Jan 02, 2019 6:17 pm

Deleted
Last edited by GCD on Mon Jan 07, 2019 1:05 pm, edited 1 time in total.

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Garco
Posts: 717
Joined: Wed Jan 23, 2013 2:04 am

Re: Share your net worth progression

Post by Garco » Wed Jan 02, 2019 7:06 pm

I'm not going to post year-specific numbers. But I started my working career (after grad school) with no savings and a salary of $14,000. I ended my career 43 years later with an accumulation of $3,500,000 + real property worth $600,000. My maximum annual salary was ~190K.

The main reasons my net worth grew were: a) a good salary progression; b) modest spending habits (1 house, 1 car at a time, 1 [nonworking] spouse and 2 children); and c) a tax deferred retirement fund to which I contributed 5% and my last employer contributed 10% for 39 tears. We had some help along the way: my parents contributed to the college funds of our two children -- covering roughly 1/3 of the costs of college (in private colleges); we contributed the rest. No debt for the kids or for us. Those same parents also left us some money from their estate -- an amount that makes up about 1/4 of our invested wealth at this time.

cusetownusa
Posts: 365
Joined: Thu Mar 27, 2014 9:54 am

Re: Share your net worth progression

Post by cusetownusa » Fri Jan 04, 2019 2:27 pm

2002: ($40,000) (started off with student loans and a new car :oops: )
2003: Long
2004: Slow
2005: Climb
2006: into
2007: positive
2008: territory and
2009: fuzzy
2010: record keeping
2011: $78,000
2012: $148,000
2013: $337,000
2014: $441,000
2015: $580,000
2016: $723,000
2017: $1,150,000
2018: $1,220,000

Updated for year end 2018

MittensMoney
Posts: 160
Joined: Mon Dec 07, 2015 10:59 pm

Re: Share your net worth progression

Post by MittensMoney » Fri Jan 04, 2019 2:51 pm

April 2015 - $3,500
April 2016 - $12,000
April 2017 - $24,600
April 2018 - $40,000
Today - $62,000

Peaked at nearly $80k last October prior to the market downturn :( . But, overall taking a look at this trajectory I feel pretty good! I hadn't zoomed out to this viewpoint on Personal Capital in a while and the 'up & to the right' trend looks nice.

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DarkNyte
Posts: 20
Joined: Mon May 18, 2015 10:15 am

Re: Share your net worth progression

Post by DarkNyte » Fri Jan 04, 2019 4:19 pm

May 2009 ($106k) Finished Med School
Aug 2014 ($26k) Finished fellowship
Dec 2014 ($9k)
Dec 2015 $210k First year of positive net worth since college, all student loans paid off
Dec 2016 $444k First year debt free since college
Dec 2017 $646k
Dec 2018 $819k

Updated for year end 2018 (Current Age 35)

NYCguy
Posts: 294
Joined: Sun Nov 13, 2016 12:42 pm

Re: Share your networth progression

Post by NYCguy » Fri Jan 04, 2019 7:09 pm

NYCguy wrote:
Wed Nov 16, 2016 11:29 pm
1993 age 28 -$80k student loan debt
1997 $0
1999 $100k
2002 $400k
2005 $1 million
2007 $2 million
2010 $5 million
2014 $10 million
2016 $12 million

Always saved 30-60% of after tax income. Blessed with great job though 24/7/365 commitment. Low cost, tax efficient index funds.
Update

2017 $14.9 million
2018 $15.7 million
If your out-go is greater than your income, your upkeep will be your DOWNFALL.

ebrasmus21
Posts: 309
Joined: Tue Nov 29, 2016 6:06 pm

Re: Share your networth progression

Post by ebrasmus21 » Fri Jan 04, 2019 7:14 pm

NYCguy wrote:
Fri Jan 04, 2019 7:09 pm
NYCguy wrote:
Wed Nov 16, 2016 11:29 pm
1993 age 28 -$80k student loan debt
1997 $0
1999 $100k
2002 $400k
2005 $1 million
2007 $2 million
2010 $5 million
2014 $10 million
2016 $12 million

Always saved 30-60% of after tax income. Blessed with great job though 24/7/365 commitment. Low cost, tax efficient index funds.
Update

2017 $14.9 million
2018 $15.7 million
That's a lot of money.

ForeverInvestorILL
Posts: 116
Joined: Mon Feb 29, 2016 11:48 pm

Re: Share your net worth progression

Post by ForeverInvestorILL » Sat Jan 05, 2019 9:57 am

Joined the forum in February 2017 and after a few months of reading, digesting, and figuring out a plan, started to track my net worth on a monthly basis (always update on the 5th of each month). I find this thread extremely motivating and it's very exciting to see my progress over the last 18 months:

Age -- Date -- Net Worth
23.5 -- 07/05/2017 -- $47,464
24 -- 01/05/2018 -- $67,471
25 -- 01/05/2019 -- $109,919
Last edited by ForeverInvestorILL on Sat Jan 05, 2019 10:05 am, edited 1 time in total.

stoptothink
Posts: 5610
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your net worth progression

Post by stoptothink » Sat Jan 05, 2019 10:35 am

ForeverInvestorILL wrote:
Sat Jan 05, 2019 9:57 am
Joined the forum in February 2017 and after a few months of reading, digesting, and figuring out a plan, started to track my net worth on a monthly basis (always update on the 5th of each month). I find this thread extremely motivating and it's very exciting to see my progress over the last 18 months:

Age -- Date -- Net Worth
23.5 -- 07/05/2017 -- $47,464
24 -- 01/05/2018 -- $67,471
25 -- 01/05/2019 -- $109,919
The percentage of Bogleheads that had already crossed the 6-figure mark at 25 is probably very small. I was one, although I lost it all from '07-'10 with some risky real estate investments then a divorce and found myself essentially broke as I approached 30. Stay the course and you are going to be very wealthy.

I don't keep detailed records, but I am currently somewhere between $540k-$720k depending on whether you count home equity. 8yrs ago I was struggling through my PhD, simultaneously going through a horrific divorce, and working odd jobs just to stay in the black.

Livehard1234
Posts: 12
Joined: Thu Jul 19, 2018 10:33 am

Re: Share your net worth progression

Post by Livehard1234 » Sat Jan 05, 2019 2:57 pm

2012: -$211k
2013: -$132k
2014: $63k
2015: $289k
2016: $708k
2017: $1.18M
2018: $1.61M (Age 40)

KJVanguard
Posts: 222
Joined: Fri Oct 05, 2018 3:39 am

Re: Share your story of how you got wealthy

Post by KJVanguard » Sat Jan 05, 2019 3:13 pm

Professor Emeritus wrote:
Tue May 13, 2014 10:17 am
Would never claim I was wealthy but
I suggest
1) marry the right partner
2) Live in the same house for 34 years
3) work very hard at your profession
4) live below your means and save prodigiously
5) never listen to or pay a dime to a broker or other thief
Sounds like good advice to me.

The guy I bought my house from walked away from closing with only $100,000 after building equity for 25 years. He decided to trade in his wife for a notably younger GF 20 years his junior. I will admit she was attractive, but she didn't come cheap. He had a 2nd montage on the house to pay off his divorce settlement. Perhaps one should not get married if they plan to trade up over time.

slalom
Posts: 63
Joined: Mon Dec 25, 2017 4:59 am

Re: Share your net worth progression

Post by slalom » Sun Jan 06, 2019 5:26 am

slalom wrote:
Thu Jan 04, 2018 7:20 am
(These are all EoY and include home equity)

2001 - ~$0 - broke, just graduated college - no loans but wanted to be in the arts
2002 - ~$0 - making enough to get by, zero savings after rent etc
2003 - “
2004 - “
2005 - ~$? - got a job in tech, but it was a small company run by a miserly CEO. No records from back then.
2006 - “
2007 - “
2008 - $12k - raises, better job,, had been putting in 6% to 401k heavy intl risk (still wasn’t much) but lost most of it in the crash
2009 - $70k - finally saving, some Paid OT/bonuses - promptly bought a fancy car like most young idiots
2010 - $77k - took me a while to get back what I spent on the car
2011 - $144k - more raises, really rolling with the saving by this time
2012 - $190k - bought a house near the bottom, which would prove to be the game changer
2013 - $300k - house went up in value hugely, plus lots more saving
2014 - $423k - more of the same
2015 - $507k - a bit of a holding pattern
2016 - $711k - big bonuses regularly, more forced saving/investing, bull market, maxing 401k
2017 - $879k - “

Hoping to hit $1m this year, a bit late at age 38 but I’m single (well, unmarried) which doesn’t help. Potential wife is kind of spendy.
2018 - $952k - My tech heavy portfolio got killed this year. Also lost some home value as market here softened. I only am as high as this because of a crazy amount of saving and deposits into investments. At some point it was $1080k. Staying at the $1 MM mark still seems unattainable.

Absolutely!
Posts: 26
Joined: Tue Feb 21, 2017 5:40 pm

Re: Share your net worth progression

Post by Absolutely! » Wed Jan 09, 2019 9:42 am

Absolutely! wrote:
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
2008 - 469K
2009 - 492K
2010 - 539K
2011 - 594K
2012 - 613K
2013 - 682K
2014 - 769K
2015 - 839K
2016 - 984K
As of today - 1,029K
2017 - 1.24 M
2018 - 1.28 M

Updated to add 2017 and 2018.

orjones
Posts: 2
Joined: Fri Feb 02, 2018 2:34 pm

Re: Share your net worth progression

Post by orjones » Sat Jan 12, 2019 3:38 pm

orjones wrote:
Fri Feb 02, 2018 2:40 pm
Household figures. Just getting focused on doing this in line with our values, in connection with buying a home and moving jobs.
2017: $374,500 (age 36) (law - private sector)
2018: $515,900 (moved to public sector)
2019: $531,700 (purchased house, includes mortgage/equity against purchase price; down from late 2018 high)
Updated to include 2019, corrected.
Last edited by orjones on Mon Jan 28, 2019 1:15 am, edited 3 times in total.

shell921
Posts: 254
Joined: Fri Jul 06, 2018 5:13 pm

Re: Share your net worth progression

Post by shell921 » Sat Jan 12, 2019 3:48 pm

1) marry the right partner
2) Live in the same house for 30+ years
3) work hard at your profession
4) live below your means and save -save-save
5) do not procreate
6) Make time to exercise/stretch now or you'll have to make time to be sick later

travellight
Posts: 2829
Joined: Tue Aug 12, 2008 5:52 pm
Location: San Diego

Re: Share your networth progression

Post by travellight » Sat Jan 12, 2019 5:41 pm

ebrasmus21 wrote:
Fri Jan 04, 2019 7:14 pm
NYCguy wrote:
Fri Jan 04, 2019 7:09 pm
NYCguy wrote:
Wed Nov 16, 2016 11:29 pm
1993 age 28 -$80k student loan debt
1997 $0
1999 $100k
2002 $400k
2005 $1 million
2007 $2 million
2010 $5 million
2014 $10 million
2016 $12 million

Always saved 30-60% of after tax income. Blessed with great job though 24/7/365 commitment. Low cost, tax efficient index funds.
Update

2017 $14.9 million
2018 $15.7 million
That's a lot of money.
Great progress! Was that all earned income and passive investment? Was it solo or with spouse? Any real estate?
364

NYCguy
Posts: 294
Joined: Sun Nov 13, 2016 12:42 pm

Re: Share your networth progression

Post by NYCguy » Sat Jan 12, 2019 5:57 pm

travellight wrote:
Sat Jan 12, 2019 5:41 pm
ebrasmus21 wrote:
Fri Jan 04, 2019 7:14 pm
NYCguy wrote:
Fri Jan 04, 2019 7:09 pm
NYCguy wrote:
Wed Nov 16, 2016 11:29 pm
1993 age 28 -$80k student loan debt
1997 $0
1999 $100k
2002 $400k
2005 $1 million
2007 $2 million
2010 $5 million
2014 $10 million
2016 $12 million

Always saved 30-60% of after tax income. Blessed with great job though 24/7/365 commitment. Low cost, tax efficient index funds.
Update

2017 $14.9 million
2018 $15.7 million
That's a lot of money.
Great progress! Was that all earned income and passive investment? Was it solo or with spouse? Any real estate?
Earned income and index funds. About 40% of that is paid for primary residential real estate. No investment RE. I think real estate is a terrific asset class but I do not have the bandwidth in my life to manage it. For net worth calculations I carry the real estate at the lower of fair market value and book value. On a fair value basis there’s probably another $2 million after deducting capital gains taxes and selling expenses but I’m not selling . Spouse is primarily a stay at home parent with a side business that has not contributed significantly financially. She contributes in so many other ways.
If your out-go is greater than your income, your upkeep will be your DOWNFALL.

Username1
Posts: 30
Joined: Sat Oct 11, 2014 10:11 am

Re: Share your net worth progression

Post by Username1 » Sat Jan 12, 2019 6:52 pm

I feel poor when I read this thread :-(

I'm at +$40,000 right now.

Thanks for the motivation, guys.

VAslim16
Posts: 123
Joined: Sat May 24, 2008 6:47 am

Re: Share your networth progression

Post by VAslim16 » Sat Jan 12, 2019 8:24 pm

VAslim16 wrote:
Tue Nov 15, 2016 4:41 pm
VAslim16 wrote:Current age: 36. Unfortunately wasted my 20s and early 30s spending too much and not saving. Over the last 4 years since finding this site I'm proud of the progress I've made. Hopefully I'm on track now to be in good shape around 60-65.

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

Current salary is $60K
My update:

Oct 2016: $107,950. Feels good to have amassed the first 100K. Still a long ways to go though.
Another update:

Oct 2017: 169,000
Oct 2018: 209,000

User avatar
LadyGeek
Site Admin
Posts: 54173
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: Share your net worth progression

Post by LadyGeek » Sat Jan 12, 2019 8:34 pm

Username1 wrote:
Sat Jan 12, 2019 6:52 pm
I feel poor when I read this thread :-(

I'm at +$40,000 right now.

Thanks for the motivation, guys.
You're actually doing quite well, as you should only compare yourself to those in the same age group / situation as you. For example, the previous post at age 36.

FYI - Username1 has an on-going thread here: 29 Y.O. with a $60,000 bonus
Wiki 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.

VAslim16
Posts: 123
Joined: Sat May 24, 2008 6:47 am

Re: Share your net worth progression

Post by VAslim16 » Sat Jan 12, 2019 8:40 pm

LadyGeek wrote:
Sat Jan 12, 2019 8:34 pm
Username1 wrote:
Sat Jan 12, 2019 6:52 pm
I feel poor when I read this thread :-(

I'm at +$40,000 right now.

Thanks for the motivation, guys.
You're actually doing quite well, as you should only compare yourself to those in the same age group / situation as you. For example, the previous post at age 36.

FYI - Username1 has an on-going thread here: 29 Y.O. with a $60,000 bonus
+1. As Lady says...there is always someone who will be in better shape. The key is that both of us are heading in the right direction now. Keep the positive momentum going!

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