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
MrBobcat
Posts: 163
Joined: Fri Jan 11, 2019 5:19 pm

Re: Share your net worth progression

Post by MrBobcat » Sat Jan 12, 2019 9:00 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 and me both, lol. Bunch of overachievers around here, though not surprising given the nature of the board.

Oh well, not complaining, got married young and had 3 kids by the time I was 27, got em all educated debt free. I'm 52 (Mrs 53) and we're debt free.

My net worth is hard to pin down due to business assets (client list) that's moderately hard to value and commercial real estate.

But if I had to do a rough estimate for everything. $505K investments, $75k cash, Office building $400K, Client list $375K, house $250K so I guess around 1.6 although it really only seems like $505.

mrx
Posts: 41
Joined: Mon Aug 28, 2017 12:07 am

Re: Share your net worth progression

Post by mrx » Sat Jan 12, 2019 9:24 pm

33 years old. Arrived to the US in 2011. Big jumps due to primary residence price increase. My net work is $400k without the house. I am hoping to join the 2 comma club this year (including the primary residence)

2011: $0
2012: $7,000
2013: $14,000
2014: $20,000
2015: $62,000
2016: $270,000
2017: $333,100
2018: $756,000
2019: $841,000

SeaToTheBay
Posts: 162
Joined: Thu Jun 08, 2017 6:11 pm

Re: Share your net worth progression

Post by SeaToTheBay » Tue Jan 15, 2019 4:22 pm

SeaToTheBay wrote:
Wed Jan 03, 2018 1:07 pm
2006: 47k. Graduated college, bought condo 50/50 with parents (bad timing, good location - still have it and renting out). Had saved all money from birthdays, Christmas, etc. since I was 5, mutual fund since 10, usually $300/mo from HS/college side jobs into a Roth IRA. My parents set me up well with regards to a saving mindset! :)
2007: 81k (age 23, first full year of employment, four-figure college debt due to parents' help, working during college, and low in-state tuition)
2008: 89k (saved 39k and lost 40k in investments... like pouring water into a strainer :x )
2009: 109k
2010: 164k
2011: 157k (started full-time MBA)
2012: 72k
mid-2013: 56k (graduated MBA along with now-wife, started work again, 110k in student loans :| )
2013: 95k
2014: 161k
2015: 270k single / 432k married :D
2016: 657k married (bought townhouse in HCOL area)
2017: 1,125k, finished paying off student loans
2018: 1,436k

We are now accumulating much faster than we were before. Jobs are paying better (+60% since graduating MBA), investments doing well, RE doing well, student loans done, cars paid off. We are very fortunate, especially with wife getting a full ride to undergrad and MBA. Would be a lot more difficult if our student loan debt was doubled.
Updated for 2018. Pay raises + no change in spending = even more saving.

boglewill34
Posts: 161
Joined: Thu Nov 16, 2017 12:52 pm

Re: Share your net worth progression

Post by boglewill34 » Tue Jan 15, 2019 4:45 pm

Thanks to this thread, I realize that I am in the positive at least! We were probably negative for a few years 2012-2015. This is net of home equity and includes money in the kids' 529. Doesn't include cars, they are negligible.
1/2018-$92k
1/2019-$115k

Goal for end of 2019 is $175k...

bartio
Posts: 17
Joined: Sat Mar 29, 2014 12:44 pm

Re: Share your net worth progression

Post by bartio » Thu Feb 28, 2019 5:31 pm

I'm 44, Married with 3 kids. Have about 15K in each kid's 529 plan. Wife and I together make about $275K before taxes. Although her working (110K) is not definite as she constantly cribs about stress of working! I will be 60 when my third hits college!


Date Savings Retirement

12/9/2004 $16,401.34 $7,500.00
12/22/2005 $37,053.03 $16,704.69
12/8/2006 $41,629.66 $18,758.95
12/19/2009 $88,181.00 $60,323.00
11/20/2010 $119,214.25 $77,995.00
6/2/2011 $177,500.00 $77,995.00
4/23/2012 $196,439.23 $128,292.64
2/27/2013 $129,942.30 $165,026.99
12/28/2013 $156,144.08 $191,195.75
11/6/2014 $225,656.63 $240,918.28
6/20/2015 $307,779.41 $272,879.50 (Bought Home; 750 K; 20% down; 30 yr fixed @ 3.62)
6/15/2016 $195,565.00 $321,689.00 (Third child born; Wife quit job to spend time with him)
6/22/2017 $171,930.00 $393,677.00
5/23/2018 $162,000.00 $475,381.00
6/16/2018 $171,951.00 $486,708.00 (Wife started working)
8/21/2018 $178,798.00 $508,560.00
2/19/2019 $198,480.00 $558,029.00 (Savings reflects taking a 3 year loan for new minivan @ 2.5%)
Only 30 K is in cash. Another 15 K is in State Bond fund. Rest is in Mutual funds and stocks.

Retirement includes about 23K in HSA invested in TDAmeritrade (HSABank) in Funds and rest are in Sep ira and wife's 401k

Doesn't include about 200 K in home equity

head gamez
Posts: 93
Joined: Mon Jul 13, 2015 8:30 pm

Re: Share your networth progression

Post by head gamez » Fri Mar 29, 2019 9:36 am

head gamez wrote:
Tue Aug 04, 2015 8:11 pm
My first post on the subject....

Age 31, NW = 350K

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

Curious how I'm doing at my age.... Will eventually do a full post on our finances for full evaluation from the board.
Now.... 35, NW = $650k

keith6014
Posts: 215
Joined: Thu Jan 02, 2014 11:58 pm

Re: Share your story of how you got wealthy

Post by keith6014 » Sun Mar 31, 2019 7:10 am

keith6014 wrote:
Mon Dec 01, 2014 10:54 pm
Professor Emeritus wrote:Would never claim I was wealthy but
I suggest
1) marry the right partner
2) Live in the same house for 34 years
3) work very hard at your profession
4) live below your means and save prodigiously
5) never listen to or pay a dime to a broker or other thief
#1 matters the most. :-)


21 -> Undergraduate. First real job. Had around 35k cash. Didn't know what retirement meant :D
22 -> Started with 401k. Maxed out since. I think 14k at the time.
27 -> Bought condo at market peak; Lost 35% on if value. No refinancing would help since I was WAY under water. Stuck with my plan with 401k.
28 -> Got married. I want to reiterate #1 again
29 -> Started a Taxable account; Played safe with just municipal bond fund.
30 -> Started to invest more in a Taxable account. 90% stock. individual stocks. I wanted to learn about security analysis so I wanted to get my hands dirty. 10% municipal bond funds. I don't regret it. I know people here have a fetish about passive index funds.
31 -> Picked up pace in Taxable account. 95% stock and 5% bond.
32 -> Payed off the mortgage :twisted: Take that BANK!
33 -> $750k (including 401k, taxable account and a conservative estimate on my condo. I have a car which is 11 years ago so its worth $0 :| ). The only problem is we live in a High Cost of Living Area :oops: . North New Jersey.

Starting from 32. I got advise to pay off my mortgage. Well worth it!

I would switch #3 with, go to a great recognized school (try to be instate). Working hard in your profession isn't all that worthwhile. Pick a profession thats practical is perhaps more important; I too like to travel (listen hotel management majors), listen to music (music majors, art majors) but I know doing the boring job ( accounting, finance/technology ) will put oats on the table AND I still enjoy the experiences of travel, music, art, and especially FOOD!
36 -> $750. [Not including: $200k condo (conservative estimate)]
Pretty much the same in the last 3 years. Had 2 kids. Childcare was brutal.

od82
Posts: 6
Joined: Wed May 01, 2019 4:14 pm

Re: Share your net worth progression

Post by od82 » Wed May 01, 2019 5:00 pm

2004 - Graduated Undergrad ( outside US) - 0
2007 - Worked my first job and saved ( outside US) - 11K
2008 - Post Grad ( Used up savings and went into debt) - (-)6K
2009 - First Pay at US job (back to 0) - 0
2010 - Finished a year at first job - 53K
2012 - Finished paying off first home ( foreign) - 242K
2013 - Changing employer - 293K
2014 - 318K
2015 - Bought second home - 400K
2016 - 650K
2017 - Divorce ( lost the first home ) - 450K
2019 - 810K

B3GINN3R
Posts: 81
Joined: Fri Oct 28, 2016 4:05 pm
Location: chicago

Re: Share your net worth progression

Post by B3GINN3R » Wed May 01, 2019 5:17 pm

Age 26, Married

2010-$0
2014-$0
2016-(30,000)
2017-(15,000)
2018-$98,000
today- $162,000

tea_pirate
Posts: 154
Joined: Mon Dec 03, 2018 7:29 am

Re: Share your net worth progression

Post by tea_pirate » Wed May 01, 2019 6:21 pm

I crossed over $100k net worth today!

Looking back at my records, I hit $0 net worth some time in May of 2016, almost exactly 3 years ago.

I am hoping to be at $250k in an additional 3 years from now.

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abuss368
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Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: Share your net worth progression

Post by abuss368 » Wed May 01, 2019 6:36 pm

tea_pirate wrote:
Wed May 01, 2019 6:21 pm
I crossed over $100k net worth today!

Looking back at my records, I hit $0 net worth some time in May of 2016, almost exactly 3 years ago.

I am hoping to be at $250k in an additional 3 years from now.
Congrats! Keep going. :beer
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!"

Marlago35
Posts: 10
Joined: Wed Sep 26, 2018 11:51 am

Re: Share your net worth progression

Post by Marlago35 » Wed May 01, 2019 8:49 pm

I'm 37, wife is 34. Both working FT. 2 kids, 4 and 2. HCOL market.

All NW numbers are joint investable assets only (401ks, IRAs, 529s, HSA, taxable and cash). We have ~$600k in home equity (~ $1m home value, ~ $400k mortgage) but I don't really count that in my tracking since we don't plan on moving until we downsize decades down the road.

2004: Graduated college. $40k starting salary, $25k student loan debt
2005 - 2010: The wonder years. No / low savings, lot of fun. Salary had increased to about $90k by 2011. No idea of my NW trajectory from this period beyond fully paying off student debt.
2011: $50k - first time I took a real accounting of my financials. Sobering moment! Learned about BH, LBYM, etc. and never looked back
2012: $70k
2013: $262k (married my better half, a high saver as you can tell!)
2014: $340k (first kid, higher paying job for me)
2015: $394k
2016: $537k (second kid)
2017: $674k
2018: $924k (I had some stock options pay out, unfortunately all treated as earned income)
2019: $1,043k (as of April 1)

Very fortunate to be married to my wife, have had a steady career and a long bull market. Many thanks for BH for always steering me in the right direction.

Bacchus01
Posts: 3003
Joined: Mon Dec 24, 2012 9:35 pm

Re: Share your networth progression

Post by Bacchus01 » Wed May 01, 2019 9:52 pm

Bacchus01 wrote:
Sat Feb 25, 2017 9:39 am
In thousands

2006 $425
2007 $500
2008 $345
2009 $592
2010 $796
2011 $918
2012 $1,129
2013 $1,435
2014 $1,622
2015 $1,811
2016 $2,123
2017 $2,636
2018 $2,689 (peaked at $2.9M+ through the year, Dec was bad)
2019 $3,168 YTD
Updated from 2015. Age 45.

Figuring_it_out
Posts: 78
Joined: Sun Jan 07, 2018 9:54 am

Re: Share your net worth progression

Post by Figuring_it_out » Wed May 01, 2019 10:17 pm

2006 550k
2008 550K
2010 900K
2012 1.1M
2014 1.5M
2016 1.9M
2018 2.3M
now 2.5M

House is 200K, Cars are kept well over 10 years and well maintained by myself. 2 kids under 14. Total W2 income is ~ 200K and has grown at ~ 3%/year no big job changes or raises. I shift between 70/30 (stock/bond) and 40/60. Thats it. No rentals or side business. I'm in my mid 40s.

If you let time work for you, and do the right things will work out for you eventually.

:beer

madbrain
Posts: 5242
Joined: Thu Jun 09, 2011 5:06 pm
Location: San Jose, California

Re: Share your net worth progression

Post by madbrain » Thu May 02, 2019 2:34 am

All values are of 12/31 of each year, except for 2019.

2007 : $688k
2008 : $521k (financial crisis)
2009 : $620k
2010 : $651k . Bought new home.
2011 : $1070k (inheritance)
2012 : $1359k . Sold my old home after prices rebounded a little.
2013 : $1540k
2014 : $1650k
2015 : $1666k
2016 : $1875k
2017 : $2098k
2018 : $2091k
2019 : $2851k . Much of the jump is from making a $550k upwards adjustment to the value of my house in Quicken after many years of being about double what it was purchased for in 2010. The last adjustment I had made was a $100k increase in 2012 . It's now marked at $1.5M, vs about $1.9M according to Zillow.

The portfolio really hasn't done well at all. About 5% CAGR over 2 decades. This is in large part due to international equities. I had about 50/50 in US vs international. There was not too much capital gain on the international portion in my taxable account, about $40k, and I finally decided to sell most of it on monday, and paid off the $300k left on the mortgage on tuesday. Gotta love that mutual funds settle in 24 hours.

My portfolio is down to about $1.3M, and the house + cars marked at $1.55M. I expect to rebuild the portfolio over the next few years. Not sure when/if it will overtake the home value. It will take about 3 years if valuations remain unchanged, which of course is the one thing we know won't be happening. We are in our early 40s. I don't see us spending less than $80k/year excluding payroll & income taxes. So, we would need a minimum $2M portfolio to retire. It's more likely that spending will be $100k/year in retirement, and taxes would likely be non-zero. Let's say $15K. At $115K/year, run rate, a $2.875M portfolio is needed. So we are still far from it unfortunately. However, my original goal to retire at 50, which I set at the age of 19 when I made my first 401k contribution, seems like it might be within reach after all.

investingdad
Posts: 1623
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your networth progression

Post by investingdad » Thu May 02, 2019 7:25 am

Bacchus01 wrote:
Wed May 01, 2019 9:52 pm
Bacchus01 wrote:
Sat Feb 25, 2017 9:39 am
In thousands

2006 $425
2007 $500
2008 $345
2009 $592
2010 $796
2011 $918
2012 $1,129
2013 $1,435
2014 $1,622
2015 $1,811
2016 $2,123
2017 $2,636
2018 $2,689 (peaked at $2.9M+ through the year, Dec was bad)
2019 $3,168 YTD
Updated from 2015. Age 45.
We're the same age and tracking almost EXACTLY the same. Both broke two commas in 2012. Though you're currently running about 300k in front of us, hmmm.

jeg208
Posts: 59
Joined: Wed Jul 05, 2017 2:42 pm

Re: Share your net worth progression

Post by jeg208 » Thu May 02, 2019 8:10 am

Wife and I are currently age 33 and have worked our way up to $160k/year gross. Found this forum through Reddit in 2017 and fired my "advisor" the same year. He had returned 1.2% after fees from 2014-2017.

Retirement assets:
2014 - $60k
2015 - $50k
2016 - $110k
2017 - $140k
2018 - $190k
2019 - $205k YTD

NW including home equity is north of $300k. It's a grind, but I am so thankful for you all here at bogleheads. I am confident in my new trajectory.

investingdad
Posts: 1623
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your net worth progression

Post by investingdad » Thu May 02, 2019 8:59 am

jeg208 wrote:
Thu May 02, 2019 8:10 am
Wife and I are currently age 33 and have worked our way up to $160k/year gross. Found this forum through Reddit in 2017 and fired my "advisor" the same year. He had returned 1.2% after fees from 2014-2017.

Retirement assets:
2014 - $60k
2015 - $50k
2016 - $110k
2017 - $140k
2018 - $190k
2019 - $205k YTD

NW including home equity is north of $300k. It's a grind, but I am so thankful for you all here at bogleheads. I am confident in my new trajectory.
See Bacchus' posted progression above. He and I were both 33 in 2006, the first year he has a data point listed. Our net was about the same as his at that time. Yours isn't far off (with home equity).

When my wife and I were 33, our combined gross was about the same as yours is now.

While anything can happen, it certainly appears you could be on the same track as us. You look a lot like we did at 33.

It is a grind, but if you can max 401ks and IRAs now you should see a real snowball effect by late 30s, that's what happened to us.

jeg208
Posts: 59
Joined: Wed Jul 05, 2017 2:42 pm

Re: Share your net worth progression

Post by jeg208 » Thu May 02, 2019 10:28 am

investingdad wrote:
Thu May 02, 2019 8:59 am
jeg208 wrote:
Thu May 02, 2019 8:10 am
See Bacchus' posted progression above. He and I were both 33 in 2006, the first year he has a data point listed. Our net was about the same as his at that time. Yours isn't far off (with home equity).

When my wife and I were 33, our combined gross was about the same as yours is now.

While anything can happen, it certainly appears you could be on the same track as us. You look a lot like we did at 33.

It is a grind, but if you can max 401ks and IRAs now you should see a real snowball effect by late 30s, that's what happened to us.
That's the plan, and market willing, I certainly hope so! I keep kicking myself though as we graduated from college in 2009, and we CHOSE to live paycheck to paycheck for 5 years. It was such a great bull market and we were completely oblivious; keeping up with the Jones'. Luckily I worked a full time job AND built a small business on the side which I sold (that is where the $60k in 2014 and another $50k in 2016 came from), but that is still half of what it could have been if we had maxed out our accounts during that period.

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willthrill81
Posts: 11796
Joined: Thu Jan 26, 2017 3:17 pm
Location: USA

Re: Share your net worth progression

Post by willthrill81 » Thu May 02, 2019 10:53 am

I'd have to go back and check it out, but IIRC, our net worth was -$20k in 2009, $250k in 2016, and $500k right now.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

Bacchus01
Posts: 3003
Joined: Mon Dec 24, 2012 9:35 pm

Re: Share your networth progression

Post by Bacchus01 » Fri May 03, 2019 7:02 am

investingdad wrote:
Thu May 02, 2019 7:25 am
Bacchus01 wrote:
Wed May 01, 2019 9:52 pm
Bacchus01 wrote:
Sat Feb 25, 2017 9:39 am
In thousands

2006 $425
2007 $500
2008 $345
2009 $592
2010 $796
2011 $918
2012 $1,129
2013 $1,435
2014 $1,622
2015 $1,811
2016 $2,123
2017 $2,636
2018 $2,689 (peaked at $2.9M+ through the year, Dec was bad)
2019 $3,168 YTD
Updated from 2015. Age 45.
We're the same age and tracking almost EXACTLY the same. Both broke two commas in 2012. Though you're currently running about 300k in front of us, hmmm.
I’m looking at a big windfall late this year or early next, so you might not like the divergence then :)

investingdad
Posts: 1623
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your networth progression

Post by investingdad » Fri May 03, 2019 8:59 am

Bacchus01 wrote:
Fri May 03, 2019 7:02 am
investingdad wrote:
Thu May 02, 2019 7:25 am
Bacchus01 wrote:
Wed May 01, 2019 9:52 pm
Bacchus01 wrote:
Sat Feb 25, 2017 9:39 am
In thousands

2006 $425
2007 $500
2008 $345
2009 $592
2010 $796
2011 $918
2012 $1,129
2013 $1,435
2014 $1,622
2015 $1,811
2016 $2,123
2017 $2,636
2018 $2,689 (peaked at $2.9M+ through the year, Dec was bad)
2019 $3,168 YTD
Updated from 2015. Age 45.
We're the same age and tracking almost EXACTLY the same. Both broke two commas in 2012. Though you're currently running about 300k in front of us, hmmm.
I’m looking at a big windfall late this year or early next, so you might not like the divergence then :)
:sharebeer

It's all good, I'm guessing you had some unexpected step changes along the way already. We did.

schachtw
Posts: 140
Joined: Mon Jul 06, 2015 6:15 pm

Re: Share your net worth progression

Post by schachtw » Fri May 03, 2019 9:05 am

I can easily recall 3 milestones:

1998 - 1MM (Joined the 2 comma club, was 48)
2015 - 4.4MM (retired at 65)
Current - 5.4MM

Dude5568
Posts: 17
Joined: Thu Apr 28, 2016 2:46 pm

Re: Share your net worth progression

Post by Dude5568 » Sat May 11, 2019 10:42 am

Good to see so many fellow millennials do well on this forum .

I am 33 years old and will turn 34 in September this year . I am an MD and so is my wife ( she is 30 years old and will turn 31 this August ) . Current net worth is about 880 k ( of which 175 k is share in an inherited property overseas ).

Breakdown -
Brokerage with Vanguard + 401k ( both me and wife with Fidelity ) - 520 k.
Cash - 140 k ( of this 105 k is downpayment for a future house . Goal for total downpayment is about 160 k ). We currently rent .
Cars ( both paid off ) - 45 k.

No debt ( I consider this our greatest financial feat ! )

Both me and wife graduated and started working as attendings in 2016. Both are in relatively lower paying fields ( Psychiatry and Hospitalist ) and do not work over 40 hours per week. Gross HHI around 550k. Have a 6 month old little munchkin at home and he is our whole world right now .

Keep trucking fellas ... :beer

yobyot
Posts: 19
Joined: Wed Oct 09, 2013 5:19 pm

Re: Share your story of how you got wealthy

Post by yobyot » Sat May 11, 2019 2:17 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
5a: Never pay ATM fees nor more than five basis points for any financial product.

mptfan
Posts: 5326
Joined: Mon Mar 05, 2007 9:58 am

Re: Share your net worth progression

Post by mptfan » Sat May 11, 2019 3:18 pm

jory1804 wrote:
Thu Jan 04, 2018 9:23 pm
I don't have detailed yearly records, but my general progression is:

2004: $100k (graduated from college, made some money while there)
2007: $200k (changed jobs)
2011: $1200k (got married, career has been pretty good)
2016: $7000k (career has been really good, the market has gone up)
2017: $9000k (more of the same)

I've been fortunate to have a career in a successful industry, and to have done well in it.
I'll say you have been fortunate, you went from 1.2 million in 2011 to 9 million in 2017!

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willthrill81
Posts: 11796
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Location: USA

Re: Share your story of how you got wealthy

Post by willthrill81 » Sat May 11, 2019 3:58 pm

yobyot wrote:
Sat May 11, 2019 2:17 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
5a: Never pay ATM fees nor more than five basis points for any financial product.
Sorry, but the impact on your wealth of paying 10 or even 20 basis points ( :shock: ) for good investments is not even remotely that of any of Professor Emeritus' five points.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

cureious
Posts: 13
Joined: Fri Nov 10, 2017 1:11 am

Re: Share your net worth progression

Post by cureious » Sat May 11, 2019 9:02 pm

30 2014 (-) 180K
31 2015 + 60K
32 2016 250K
33 2017 520K
34 2018 750K

So far through 2019 just broke 1 million.

My wife and I live below our means. Got rid of all of our debt except mortgage. I took advantage of a high paying job and working extra shifts and following the boglehead model once I started my career.

jory1804
Posts: 13
Joined: Sat Dec 31, 2016 4:24 pm

Re: Share your net worth progression

Post by jory1804 » Sat May 11, 2019 9:17 pm

jory1804 wrote:
Thu Jan 04, 2018 9:23 pm
I don't have detailed yearly records, but my general progression is:

2004: $100k (graduated from college, made some money while there)
2007: $200k (changed jobs)
2011: $1200k (got married, career has been pretty good)
2016: $7000k (career has been really good, the market has gone up)
2017: $9000k (more of the same)

I've been fortunate to have a career in a successful industry, and to have done well in it.
2018: $11500k

Nathan Drake
Posts: 425
Joined: Mon Apr 11, 2011 12:28 am

Re: Share your net worth progression

Post by Nathan Drake » Sun May 12, 2019 1:38 am

jory1804 wrote:
Sat May 11, 2019 9:17 pm
jory1804 wrote:
Thu Jan 04, 2018 9:23 pm
I don't have detailed yearly records, but my general progression is:

2004: $100k (graduated from college, made some money while there)
2007: $200k (changed jobs)
2011: $1200k (got married, career has been pretty good)
2016: $7000k (career has been really good, the market has gone up)
2017: $9000k (more of the same)

I've been fortunate to have a career in a successful industry, and to have done well in it.
2018: $11500k
What is that career in a successful industry?

Dude5568
Posts: 17
Joined: Thu Apr 28, 2016 2:46 pm

Re: Share your net worth progression

Post by Dude5568 » Sun May 12, 2019 6:28 am

Nathan Drake wrote:
Sun May 12, 2019 1:38 am
jory1804 wrote:
Sat May 11, 2019 9:17 pm
jory1804 wrote:
Thu Jan 04, 2018 9:23 pm
I don't have detailed yearly records, but my general progression is:

2004: $100k (graduated from college, made some money while there)
2007: $200k (changed jobs)
2011: $1200k (got married, career has been pretty good)
2016: $7000k (career has been really good, the market has gone up)
2017: $9000k (more of the same)

I've been fortunate to have a career in a successful industry, and to have done well in it.
2018: $11500k
What is that career in a successful industry?
I am guessing a hedge fund in Manhattan ...

OK. I cheated and looked at his profile because I was intrigued with his spectacular NW , in 2017 he posted both him and his wife worked in Finance in Manhattan and had a 3 mil/year income ... :shock: . This guy is the real deal . He must be in the top 0.01 percent NW percentile for millennials . Well done sir !

LAFiddler
Posts: 54
Joined: Fri Oct 27, 2017 12:57 pm

Re: Share your net worth progression

Post by LAFiddler » Sun May 12, 2019 8:28 am

406k at 32, about half is real estate.

90k a year income with stay at home spouse and 2 little ones. Looking for ways to get my income up to the 120k+ range in the near future.

End of 2018: 356k
End of 2017: 312k
End of 2016: 211k
End of 2015: 165k

tugofpeace
Posts: 18
Joined: Fri Jan 25, 2019 4:48 pm

Re: Share your net worth progression

Post by tugofpeace » Sun May 12, 2019 1:24 pm

What is an above average net worth to have at 30, 35, and 40? Assuming you're married, and both have good careers.

LFKB
Posts: 588
Joined: Mon Dec 24, 2012 7:06 pm

Re: Share your net worth progression

Post by LFKB » Sun May 12, 2019 2:02 pm

Finished college in 2008

2008: $40k
2009: $100k
2010: $200k
2011: $400k
2012: $620k
2013: $850k
2014: $1.15M
2015: $1.6M
2016: $2.1M
2017: $2.8M
Today: $5.5M

stoptothink
Posts: 5884
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your net worth progression

Post by stoptothink » Sun May 12, 2019 6:54 pm

tugofpeace wrote:
Sun May 12, 2019 1:24 pm
What is an above average net worth to have at 30, 35, and 40? Assuming you're married, and both have good careers.
<1/2 of any post you see here. According to the Google, the average net worth for a U.S citizen at 40 is ~$80k https://www.financialsamurai.com/the-av ... -year-old/. We're ~$850k (collectively) at 38 and 33, and our net worth is easily more than twice that of our entire families on both sides (including both sets of parents and 9 siblings). Yet on here I often feel like we are paupers. This board is obviously self-selecting; to the extreme.

NYCguy
Posts: 307
Joined: Sun Nov 13, 2016 12:42 pm

Re: Share your net worth progression

Post by NYCguy » Sun May 12, 2019 10:38 pm

LFKB wrote:
Sun May 12, 2019 2:02 pm
Finished college in 2008

2008: $40k
2009: $100k
2010: $200k
2011: $400k
2012: $620k
2013: $850k
2014: $1.15M
2015: $1.6M
2016: $2.1M
2017: $2.8M
Today: $5.5M
If you don’t mind sharing, what is your occupation and income history? Great job!
If your out-go is greater than your income, your upkeep will be your DOWNFALL.

22twain
Posts: 1951
Joined: Thu May 10, 2012 5:42 pm

Re: Share your net worth progression

Post by 22twain » Sun May 12, 2019 11:57 pm

tugofpeace wrote:
Sun May 12, 2019 1:24 pm
What is an above average net worth to have at 30, 35, and 40? Assuming you're married, and both have good careers.
Insufficient data for a meaningful answer.

It makes a difference whether you're in a major coastal metro area like NYC, LA or SF, or in a medium sized city in flyover country, or in a small town in the boonies.
My investing princiPLEs do not include absolutely preserving princiPAL.

bigtex
Posts: 231
Joined: Fri Jan 26, 2018 10:34 am

Re: Share your net worth progression

Post by bigtex » Mon May 13, 2019 4:38 am

22twain wrote:
Sun May 12, 2019 11:57 pm
tugofpeace wrote:
Sun May 12, 2019 1:24 pm
What is an above average net worth to have at 30, 35, and 40? Assuming you're married, and both have good careers.
Insufficient data for a meaningful answer.

It makes a difference whether you're in a major coastal metro area like NYC, LA or SF, or in a medium sized city in flyover country, or in a small town in the boonies.
Why does that make a difference? Even if incomes are higher on the coasts the costs there are higher too and may make it even harder to get ahead than flyover country.

22twain
Posts: 1951
Joined: Thu May 10, 2012 5:42 pm

Re: Share your net worth progression

Post by 22twain » Mon May 13, 2019 6:38 am

bigtex wrote:
Mon May 13, 2019 4:38 am
22twain wrote:
Sun May 12, 2019 11:57 pm
tugofpeace wrote:
Sun May 12, 2019 1:24 pm
What is an above average net worth to have at 30, 35, and 40? Assuming you're married, and both have good careers.
Insufficient data for a meaningful answer.

It makes a difference whether you're in a major coastal metro area like NYC, LA or SF, or in a medium sized city in flyover country, or in a small town in the boonies.
Why does that make a difference? Even if incomes are higher on the coasts the costs there are higher too and may make it even harder to get ahead than flyover country.
You just said it. Net worth figures in dollars are meaningless without context. If they were stated as multiples of annual expenses they would be more meaningful.
My investing princiPLEs do not include absolutely preserving princiPAL.

22twain
Posts: 1951
Joined: Thu May 10, 2012 5:42 pm

Re: Share your net worth progression

Post by 22twain » Mon May 13, 2019 9:49 am

22twain wrote:
Mon May 13, 2019 6:38 am
Net worth figures in dollars are meaningless without context. If they were stated as multiples of annual expenses they would be more meaningful.
I suppose I'd better practice what I preach, so here is my progression in financial assets as a multiple of my estimated expenses (including taxes, and assuming current spending patterns) at age 70. At this point I will start to collect Social Security and take RMDs from my tax-deferred accounts, and have to pay taxes on them. My current expenses are lower because my taxable income is low, and so are my taxes.

Age 31: 0.5x
Age 35: 2x
Age 40: 5x
Age 45: 8x
Age 50: 11x
Age 55: 23x (includes the combined effect of the 2008-09 crash, and a jump of about 10x from an inheritance)
Age 60: 35x
Age 63 (retired): 38x
Age 65 (now): 42x

When I start collecting SS, it will just about cover my estimated expenses. (So what will I do with the 42x? I'm thinking about it...)

Context:

Unlike probably most people here, DW and I mostly handle our finances separately, and contribute to a joint account for household expenses. The expenses used here include my share of our joint expenses. Her progression was somewhat similar to mine. Being a few years older, she now has more than I do, and her SS is about the same as mine will be.

We live in a small town in the South, and were both small-college professors. Our salaries each reached a maximum of about 2x age-70 expenses in today's dollars. No children.
Last edited by 22twain on Mon May 13, 2019 10:47 pm, edited 1 time in total.
My investing princiPLEs do not include absolutely preserving princiPAL.

LAFiddler
Posts: 54
Joined: Fri Oct 27, 2017 12:57 pm

Re: Share your net worth progression

Post by LAFiddler » Mon May 13, 2019 11:32 am

stoptothink wrote:
Sun May 12, 2019 6:54 pm
tugofpeace wrote:
Sun May 12, 2019 1:24 pm
What is an above average net worth to have at 30, 35, and 40? Assuming you're married, and both have good careers.
<1/2 of any post you see here. According to the Google, the average net worth for a U.S citizen at 40 is ~$80k https://www.financialsamurai.com/the-av ... -year-old/. We're ~$850k (collectively) at 38 and 33, and our net worth is easily more than twice that of our entire families on both sides (including both sets of parents and 9 siblings). Yet on here I often feel like we are paupers. This board is obviously self-selecting; to the extreme.
It is absolutely amazing. I am in disbelief with the amount of incomes I see over 200k. That's the top 7% of households as of last year.

LFKB
Posts: 588
Joined: Mon Dec 24, 2012 7:06 pm

Re: Share your net worth progression

Post by LFKB » Mon May 13, 2019 9:39 pm

NYCguy wrote:
Sun May 12, 2019 10:38 pm
LFKB wrote:
Sun May 12, 2019 2:02 pm
Finished college in 2008

2008: $40k
2009: $100k
2010: $200k
2011: $400k
2012: $620k
2013: $850k
2014: $1.15M
2015: $1.6M
2016: $2.1M
2017: $2.8M
Today: $5.5M
If you don’t mind sharing, what is your occupation and income history? Great job!
Private equity and my wife works also and does well. Combined income was about $240k in 2009 then about $600k in 2012 and a bit north of $2M over the last year.

NYCguy
Posts: 307
Joined: Sun Nov 13, 2016 12:42 pm

Re: Share your net worth progression

Post by NYCguy » Mon May 13, 2019 9:58 pm

LFKB wrote:
Mon May 13, 2019 9:39 pm
NYCguy wrote:
Sun May 12, 2019 10:38 pm
LFKB wrote:
Sun May 12, 2019 2:02 pm
Finished college in 2008

2008: $40k
2009: $100k
2010: $200k
2011: $400k
2012: $620k
2013: $850k
2014: $1.15M
2015: $1.6M
2016: $2.1M
2017: $2.8M
Today: $5.5M
If you don’t mind sharing, what is your occupation and income history? Great job!
Private equity and my wife works also and does well. Combined income was about $240k in 2009 then about $600k in 2012 and a bit north of $2M over the last year.
Thanks for sharing. Do you do a variation on the Boglehead 3 fund portfolio or include PE in your asset allocation?
If your out-go is greater than your income, your upkeep will be your DOWNFALL.

LFKB
Posts: 588
Joined: Mon Dec 24, 2012 7:06 pm

Re: Share your net worth progression

Post by LFKB » Tue May 14, 2019 9:18 am

NYCguy wrote:
Mon May 13, 2019 9:58 pm
LFKB wrote:
Mon May 13, 2019 9:39 pm
NYCguy wrote:
Sun May 12, 2019 10:38 pm
LFKB wrote:
Sun May 12, 2019 2:02 pm
Finished college in 2008

2008: $40k
2009: $100k
2010: $200k
2011: $400k
2012: $620k
2013: $850k
2014: $1.15M
2015: $1.6M
2016: $2.1M
2017: $2.8M
Today: $5.5M
If you don’t mind sharing, what is your occupation and income history? Great job!
Private equity and my wife works also and does well. Combined income was about $240k in 2009 then about $600k in 2012 and a bit north of $2M over the last year.
Thanks for sharing. Do you do a variation on the Boglehead 3 fund portfolio or include PE in your asset allocation?
I invest in individual PE deals that I work on. I both put capital in and get free equity for working on them. With the rest of my money, I am about 70% indexed and the other 30% is in individual stocks. The 70% indexed is total stock, total international, REIT, emerging markets, small cap and corporate bond (all thru Vanguard fund options).

User avatar
EhMerman
Posts: 20
Joined: Fri Jul 25, 2014 1:33 pm

Re: Share your net worth progression

Post by EhMerman » Tue May 14, 2019 11:38 am

Been tracking net worth since graduating college in 2010. Currently 30 and engaged with no kids.

What sticks out to me looking at this chart is how long it took to save my first 2x of annual expenses (4 years total). Now it takes around 4-8 months to add 2x annual expenses. I attribute this to increasing income over 9 years, keeping expenses flat ($30k), and discovering Bogleheads around month 43.

Image
Chart of net worth by month with lines indicating when another year of annual expenses was saved.

Dude5568
Posts: 17
Joined: Thu Apr 28, 2016 2:46 pm

Re: Share your net worth progression

Post by Dude5568 » Sat May 18, 2019 9:22 am

There are 2 posters on this page alone . One with an income " north of 2 million " and another " over 3 million ".... :shock:

Anybody else feeling intimidated .. Lol .

User avatar
LadyGeek
Site Admin
Posts: 55750
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: Share your net worth progression

Post by LadyGeek » Sat May 18, 2019 9:31 am

Consider: How long did it take to get there?

If you invest appropriately, can save the same amount (look for similar situations) and have no unexpected life-changing events, you'll be in the same position at that point in time.
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.

GCD
Posts: 996
Joined: Tue Sep 26, 2017 7:11 pm

Re: Share your net worth progression

Post by GCD » Sat May 18, 2019 10:38 am

Dude5568 wrote:
Sat May 18, 2019 9:22 am
There are 2 posters on this page alone . One with an income " north of 2 million " and another " over 3 million ".... :shock:

Anybody else feeling intimidated .. Lol .
I start to feel like I am poverty stricken and then I see an article online about the average net worth of a retired American and then I feel super rich again. Oh the emotional see-saw! Off to see my therapist now...

runner540
Posts: 994
Joined: Sun Feb 26, 2017 5:43 pm

Re: Share your net worth progression

Post by runner540 » Sat May 18, 2019 12:02 pm

tugofpeace wrote:
Sun May 12, 2019 1:24 pm
What is an above average net worth to have at 30, 35, and 40? Assuming you're married, and both have good careers.
Check out this blogger's analysis: https://dqydj.com/net-worth-of-full-tim ... ed-states/
A few years old, so adjust for the bull market in stocks and houses.

Traveler
Posts: 787
Joined: Fri Aug 30, 2013 9:07 pm

Re: Share your net worth progression

Post by Traveler » Sun May 19, 2019 12:11 am

I've only been tracking it since 2014 and not too long before that it was negative. I include home and car value along with investments and cash, and don't adjust for pre-tax accounts such as 401Ks and IRAs. Single with income $135-200K per year. Home is 15% of net worth.

1/14: $450K
10/15: $610
1/16: $640
3/17: $845
3/18: $1,050
3/19: $1,200

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