Share your net worth progression

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abuss368
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Re: Share your net worth progression

Post by abuss368 »

Taylor Larimore wrote: Tue Jun 02, 2020 1:38 pm Bogleheads:

Sixteen years ago when my wife and I were about 80, we realized that we had saved more than enough to see us through the remainder of our retirement with the purchase of two Single Premium Immediate Annuities. Accordingly we started giving our children their inheritance immediately in the form of monthly payments. They are very grateful.

As we grew older our investments (initially 3 Vanguard Total Market Index Funds, now two) allowed us to increase their allowance and give a bit to charity. Thank you Jack!

My wife died 7 years ago. I plan to die nearly broke. My remains are earmarked for the University of Miami Medical School.

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "The great game of life is not about money; it is about doing your best to join the battle to build anew ourselves, our communities, our nation, and our world."
Thank you Taylor for that perspective.
John C. Bogle: “Simplicity is the master key to financial success."
finite_difference
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Re: Share your net worth progression

Post by finite_difference »

Taylor Larimore wrote: Tue Jun 02, 2020 1:38 pm Bogleheads:

Sixteen years ago when my wife and I were about 80, we realized that we had saved more than enough to see us through the remainder of our retirement with the purchase of two Single Premium Immediate Annuities. Accordingly we started giving our children their inheritance immediately in the form of monthly payments. They are very grateful.

As we grew older our investments (initially 3 Vanguard Total Market Index Funds, now two) allowed us to increase their allowance and give a bit to charity. Thank you Jack!

My wife died 7 years ago. I plan to die nearly broke. My remains are earmarked for the University of Miami Medical School.

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "The great game of life is not about money; it is about doing your best to join the battle to build anew ourselves, our communities, our nation, and our world."
Taylor, you are a continued source of inspiration for us all.

Also, by purchasing an SPIA like you did, you have ensured that you will never be broke for as long as you live!
The most precious gift we can offer anyone is our attention. - Thich Nhat Hanh
fatcoffeedrinker
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Re: Share your net worth progression

Post by fatcoffeedrinker »

marti038 wrote: Tue Jun 02, 2020 1:48 pm
fatcoffeedrinker wrote: Tue Jun 02, 2020 12:37 pm Below includes house equity (currently $1.1M). DW and I both 51.

1996: -$40,000
1997: -$50,000
1998: -$30,000
1999: $100,000
2000: $120,000
2001: $190,000
2002: $290,000
2003: $340,000
2004: $390,000
2005: $980,000
2006: $1,150,000
2007: $1,320,000
2008: $1,130,000
2009: $1,630,000
2010: $1,690,000
2011: $1,800,000
2012: $1,910,000
2013: $2,170,000
2014: $2,200,000
2015: $2,270,000
2016: $2,470,000
2017: $3,150,000
2018: $3,480,000
2019: $4,550,000
YTD: $4,790,000
2004 was some year. Did you sell a business? Receive inheritance?
Gift of $125K and house value jumped around $300K in 2005. Of course, the house value retreated again in 2007-08.
moneywise3
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Re: Share your net worth progression

Post by moneywise3 »

fatcoffeedrinker wrote: Tue Jun 02, 2020 12:37 pm Below includes house equity (currently $1.1M). DW and I both 51.

1996: -$40,000
1997: -$50,000
1998: -$30,000
1999: $100,000
2000: $120,000
2001: $190,000
2002: $290,000
2003: $340,000
2004: $390,000
2005: $980,000
2006: $1,150,000
2007: $1,320,000
2008: $1,130,000
2009: $1,630,000
2010: $1,690,000
2011: $1,800,000
2012: $1,910,000
2013: $2,170,000
2014: $2,200,000
2015: $2,270,000
2016: $2,470,000
2017: $3,150,000
2018: $3,480,000
2019: $4,550,000
YTD: $4,790,000
👍
You added an extra million just in 2018
fatcoffeedrinker
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Re: Share your net worth progression

Post by fatcoffeedrinker »

moneywise3 wrote: Tue Jun 02, 2020 3:05 pm
fatcoffeedrinker wrote: Tue Jun 02, 2020 12:37 pm Below includes house equity (currently $1.1M). DW and I both 51.

1996: -$40,000
1997: -$50,000
1998: -$30,000
1999: $100,000
2000: $120,000
2001: $190,000
2002: $290,000
2003: $340,000
2004: $390,000
2005: $980,000
2006: $1,150,000
2007: $1,320,000
2008: $1,130,000
2009: $1,630,000
2010: $1,690,000
2011: $1,800,000
2012: $1,910,000
2013: $2,170,000
2014: $2,200,000
2015: $2,270,000
2016: $2,470,000
2017: $3,150,000
2018: $3,480,000
2019: $4,550,000
YTD: $4,790,000
👍
You added an extra million just in 2018
Those are year-end figures, so it was 2019, but yes, significant comp increase and great market after the 12/2018 drop. Could have been better, but I've been derisking as I near retirement, so I was only 45/55 during 2019.
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wander
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Re: Share your networth progression

Post by wander »

LFKB wrote: Tue May 13, 2014 9:59 pm Our net worth progressed something like this. Primarily through saving and some modest investment gains. We really only invested a large percentage of my net worth slowly over the last 15 months.

22: $100k
23: $200k
24: $400k
25: $620k
26: $850k
27 (current): $1.15M
+1. At 27, I had about $50k and I thought that was a lot of money.
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geerhardusvos
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Re: Share your networth progression

Post by geerhardusvos »

LFKB wrote: Tue May 13, 2014 9:59 pm Our net worth progressed something like this. Primarily through saving and some modest investment gains. We really only invested a large percentage of my net worth slowly over the last 15 months.

22: $100k
23: $200k
24: $400k
25: $620k
26: $850k
27 (current): $1.15M
Nice! Income level? Profession?
VTSAX and chill
StoopieHippo
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Re: Share your networth progression

Post by StoopieHippo »

wander wrote: Tue Jun 02, 2020 4:49 pm
LFKB wrote: Tue May 13, 2014 9:59 pm Our net worth progressed something like this. Primarily through saving and some modest investment gains. We really only invested a large percentage of my net worth slowly over the last 15 months.

22: $100k
23: $200k
24: $400k
25: $620k
26: $850k
27 (current): $1.15M
+1. At 27, I had about $50k and I thought that was a lot of money.
Man! At 27, I had a NW of about -$100k due to student loans! I'm at $120k now (34yo) and we've been officially done with student loans for about a year. Wish I had$1.5mil!
stoptothink
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Re: Share your networth progression

Post by stoptothink »

StoopieHippo wrote: Tue Jun 02, 2020 5:42 pm
wander wrote: Tue Jun 02, 2020 4:49 pm
LFKB wrote: Tue May 13, 2014 9:59 pm Our net worth progressed something like this. Primarily through saving and some modest investment gains. We really only invested a large percentage of my net worth slowly over the last 15 months.

22: $100k
23: $200k
24: $400k
25: $620k
26: $850k
27 (current): $1.15M
+1. At 27, I had about $50k and I thought that was a lot of money.
Man! At 27, I had a NW of about -$100k due to student loans! I'm at $120k now (34yo) and we've been officially done with student loans for about a year. Wish I had$1.5mil!
Someone is clearly an overachiever. I (random guess) was at ~$300k at 27...but 3yrs from close to zero thanks to a horrible divorce.
MathIsMyWayr
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Location: CA

Re: Share your net worth progression

Post by MathIsMyWayr »

squirm wrote: Mon May 11, 2020 6:25 pm
stoptothink wrote: Mon May 11, 2020 6:19 pm
squirm wrote: Mon May 11, 2020 5:54 pm
PStrider wrote: Mon May 11, 2020 5:35 pm In your opinion, what would be the 'average' progression for a comfortable retirement at 62 for majority of folks in the US?

Here's somewhat of a random guess:

Age - Net Worth
20 - $50k
30 - $200k
40 - $500k
50 - $1.0m
60 - $1.5m
65 - $2.0m
Most folks have nothing even close to $2M. The biggest net worth is the equity in their home. Within the past couple of decades they've been raiding that earlier too.
My parents have $0 in retirement at 58 and 54, and are about halfway through their mortgage. I suspect they'll have a decent retirement at "normal age" (~65) off SS and stepdad's (pretty meager) teacher pension.
I don't think my parents had much at those ages either. Pretty much depended on SS and a few other things.
I may know why. Children are expensive. :wink:
NoGambleNoFuture
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Re: Share your net worth progression

Post by NoGambleNoFuture »

Taylor Larimore wrote: Tue Jun 02, 2020 1:38 pm Bogleheads:

Sixteen years ago when my wife and I were about 80, we realized that we had saved more than enough to see us through the remainder of our retirement with the purchase of two Single Premium Immediate Annuities. Accordingly we started giving our children their inheritance immediately in the form of monthly payments. They are very grateful.

As we grew older our investments (initially 3 Vanguard Total Market Index Funds, now two) allowed us to increase their allowance and give a bit to charity. Thank you Jack!

My wife died 7 years ago. I plan to die nearly broke. My remains are earmarked for the University of Miami Medical School.

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "The great game of life is not about money; it is about doing your best to join the battle to build anew ourselves, our communities, our nation, and our world."
There is a book coming out shortly by Bill Perkins titled Die With Zero which targets this exact philosophy.
mikemagz11
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Location: Hoboken, NJ

Re: Share your net worth progression

Post by mikemagz11 »

Below is my net worth. I make significantly less than most on here and never really had a good savings plan until I joined this forum a few years ago.

2016: -11k
2017: 4k (debt free)
2018: 18.5k
2019: 43k
Current: 75k

Have really ramped up my savings rate and have earned a significant amount more over the last year so happy with my progress.
StoopieHippo
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Location: Seattle, WA

Re: Share your net worth progression

Post by StoopieHippo »

mikemagz11 wrote: Tue Jun 02, 2020 9:11 pm Below is my net worth. I make significantly less than most on here and never really had a good savings plan until I joined this forum a few years ago.

2016: -11k
2017: 4k (debt free)
2018: 18.5k
2019: 43k
Current: 75k

Have really ramped up my savings rate and have earned a significant amount more over the last year so happy with my progress.
Hey, a $32k increase in less than a year is more than most people get EVER! Good job, you! :sharebeer
squirm
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Re: Share your net worth progression

Post by squirm »

Is flaunting net worth in vogue, especially in these times?

Reminds me when someone post, something like "can I buy this used toyota camry?" and states they have $10 million in blah blah blah funds.
JimmyD
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Re: Share your net worth progression

Post by JimmyD »

squirm wrote: Wed Jun 03, 2020 9:03 am Is flaunting net worth in vogue, especially in these times?

Reminds me when someone post, something like "can I buy this used toyota camry?" and states they have $10 million in blah blah blah funds.
Personally, I feel it's helpful and motivating to see how other's net worth has increased over time.
mikemagz11
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Location: Hoboken, NJ

Re: Share your net worth progression

Post by mikemagz11 »

StoopieHippo wrote: Tue Jun 02, 2020 11:16 pm
mikemagz11 wrote: Tue Jun 02, 2020 9:11 pm Below is my net worth. I make significantly less than most on here and never really had a good savings plan until I joined this forum a few years ago.

2016: -11k
2017: 4k (debt free)
2018: 18.5k
2019: 43k
Current: 75k

Have really ramped up my savings rate and have earned a significant amount more over the last year so happy with my progress.
Hey, a $32k increase in less than a year is more than most people get EVER! Good job, you! :sharebeer
Thanks! Appreciate the nice words. Feels good to finally see progress being made.
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PNWDawg
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Re: Share your net worth progression

Post by PNWDawg »

Kept seeing this post pop up and was looking forward to posting once I hit my most recent goal, and now I've hit it! I pulled these number from goals that I had set/met in Mint.

Nov 2016: 15K
2017: 30K
July 2018: 50K
2019: 70K
May 2020: 100K

Definitely still in the early stages of my career at 25 y/o but it felt great to break that 6 figure mark! Now onto the next goal...
"I solemnly swear that I am up to no good"
MindBogler
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Re: Share your net worth progression

Post by MindBogler »

mikemagz11 wrote: Tue Jun 02, 2020 9:11 pm Below is my net worth. I make significantly less than most on here and never really had a good savings plan until I joined this forum a few years ago.

2016: -11k
2017: 4k (debt free)
2018: 18.5k
2019: 43k
Current: 75k

Have really ramped up my savings rate and have earned a significant amount more over the last year so happy with my progress.
You are doing great, just keep it up and you will be amazed at what the future holds!
balbrec2
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Re: Share your story of how you got wealthy

Post by balbrec2 »

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
+1.
This I get. Sharing other information such as how ones net worth progresses, I don't see how it is useful to anyone else.
Unless you possess the same skills or knowledge as someone else with an impressive net worth,
you will probably never duplicate their results. Maybe I am missing the intent here, if so someone please explain
to me the intent of this thread.
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Taylor Larimore
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The "intent" of this thread.

Post by Taylor Larimore »

balbrec2 wrote: Wed Jun 03, 2020 12:07 pm Maybe I am missing the intent here, if so someone please explain to me the intent of this thread.
balbrec2:

The original poster wrote: "I am curious to know how the bogleheads got wealthy."

One of the advantages of this non-commercial Bogleheads Forum is that we learn from other investors who volunteer their time, knowledge and experience -- and without the conflict of interest which pervades the investment industry.

Best wishes
Taylor
Jack Bogle's Words of Wisdom: "Bogleheads care about one another. They are eager to help all investors--regular visitors to the Web site and now ones, informed and naive, experienced and novice alike--who have questions on almost any investment subject, and willing to discuss the investment issues of the day, even the national and global issues, with no holds barred (except for rudeness or coarseness)."
"Simplicity is the master key to financial success." -- Jack Bogle
Count of Notre Dame
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Re: Share your net worth progression

Post by Count of Notre Dame »

squirm wrote: Wed Jun 03, 2020 9:03 am Is flaunting net worth in vogue, especially in these times?

Reminds me when someone post, something like "can I buy this used toyota camry?" and states they have $10 million in blah blah blah funds.
I wouldn't consider this forum to be flaunting. If you wanted to flaunt your wealth you'd record a social media video on your yacht with Cristal!
cusetownusa
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Re: Share your net worth progression

Post by cusetownusa »

PNWDawg wrote: Wed Jun 03, 2020 11:17 am Kept seeing this post pop up and was looking forward to posting once I hit my most recent goal, and now I've hit it! I pulled these number from goals that I had set/met in Mint.

Nov 2016: 15K
2017: 30K
July 2018: 50K
2019: 70K
May 2020: 100K

Definitely still in the early stages of my career at 25 y/o but it felt great to break that 6 figure mark! Now onto the next goal...
wow, thats great...I think I was still at a negative net worth at 25.
broncocountry25
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Re: Share your net worth progression

Post by broncocountry25 »

This has been a good year to see that the market will swing dramatically over the years.

I have been investing long enough now to really feel the hit in the spring. Staying the course however has helped to enjoy the current bounce.

Who knows what the next years will bring! I posted before for the younger years but to lazy to track it down. These are the amounts that I have tracked in a spreadsheet. I also have R.E. investment so it's not all subject to market moves in those numbers.

27- 359K
28- 468K
29- 647K
30- (Dropped to 603K at one point) Current 712K

I feel I have time to take risk so I am going to stick with foot on the gas for at least another decade before I rethink strategy. I am sure I will dip many times to come.

Hope everyone is staying with their plan and learning from 2020.

:sharebeer

Forgot to add we broke a million in assets this month! That was exciting as my wife and I have been working hard and trying to be smart through our 20's.
Latestarter62
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Location: USA

Re: Share your net worth progression

Post by Latestarter62 »

Low income family, but in a LCOL area thankfully. We are in our 50s so we are way behind, but we are gaining ground and are very frugal. This excludes our home.

Feb 2018 59K
Dec 2018 97K
Dec 2019 192K *rec'd an inheritance of 50K
Current 217K
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Taylor Larimore
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Location: Miami FL

Re: Share your net worth progression

Post by Taylor Larimore »

Latestarter62 wrote: Thu Jun 04, 2020 1:39 pm Low income family, but in a LCOL area thankfully. We are in our 50s so we are way behind, but we are gaining ground and are very frugal. This excludes our home.

Feb 2018 59K
Dec 2018 97K
Dec 2019 192K *rec'd an inheritance of 50K
Current 217K
Latestarter62:

Inspiring! Thank you for sharing.

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "Stay the course."
"Simplicity is the master key to financial success." -- Jack Bogle
Olemiss540
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Re: Share your story of how you got wealthy

Post by Olemiss540 »

balbrec2 wrote: Wed Jun 03, 2020 12:07 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
+1.
This I get. Sharing other information such as how ones net worth progresses, I don't see how it is useful to anyone else.
Unless you possess the same skills or knowledge as someone else with an impressive net worth,
you will probably never duplicate their results. Maybe I am missing the intent here, if so someone please explain
to me the intent of this thread.
Personally I find it motivating to see where folks crossed similar paths as I am on and where they ended up with the beauty of staying the course and compounded growth.
I hold index funds because I do not overestimate my ability to pick stocks OR stock pickers.
Vihoo
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Re: Share your net worth progression

Post by Vihoo »

Couple in early 30s with 1 kid. VHCOL. Above avg HHI.

Half way thru 2020, happy to say our overall NW is +30% YTD. Stock portfolio is also up +30% YTD as well. Was definitely worried for a bit.

Got very lucky with a gut call in late Feb to liquidate into cash pre-COVID, followed buying back hard at the “bottom“.

We bought a new primary during the pandemic, which siphoned off cash. It was a weird experience and maybe not the best timing but we’re very happy.

Crossed $2 million in assets due to our rentals. Need to start paying down our “good” liabilities.
REITired
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Re: Share your net worth progression

Post by REITired »

Goodness, I sure am behind! A lot of fantastic stories on here.
ProfLA
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Re: Share your net worth progression

Post by ProfLA »

Vihoo wrote: Sun Jun 07, 2020 1:51 pm
Half way thru 2020, happy to say our overall NW is +30% YTD. Stock portfolio is also up +30% YTD as well. Was definitely worried for a bit.

Got very lucky with a gut call in late Feb to liquidate into cash pre-COVID, followed buying back hard at the “bottom“.

Do you know you can click on a username and read previous posts?  Help me out here.

On March 12 you stated you were 60 % equities:
Vihoo wrote: Thu Mar 12, 2020 9:39 pm
I’m now 40% bonds+cash & 60% equity.
That you were at least partially in equities in mid March is supported by your post March 18 that you had moved "a chunk" from equities to bonds the week prior to March 18:  
Vihoo wrote: Wed Mar 18, 2020 6:05 am
.... Moved a large chunk from equity to bonds & cash. And, kept reading up and did it again last week, right before the crash cause I felt this week would be awful.
Suddenly on March 18 you contradicted what you had said both earlier the same day March 18, and on March 12, and declared you had gone to 0 % equities "a few weeks ago":
Vihoo wrote: Wed Mar 18, 2020 6:41 pm
...... I made the call to gut my portfolio as I started to read the actual scientific publications on COVID a few weeks ago. I had an “Oh ****” moment and went from 100% equities to 0% equities in a matter of 3 transactions.
Anyway, it's still quite hard to fathom a 30 % YTD gain, when on Feb 27, you stated your portfolio was down 10 % (and didn't say a word about getting out of equities):
Vihoo wrote: Thu Feb 27, 2020 8:52 pm
Guess I jinxed it...only took 20 days since my post for portfolios to take a dip of 10%+! Fun begins now.
And on March 18, you stated your portfolio was down 18 % YTD.
Vihoo wrote: Wed Mar 18, 2020 6:05 am
-18% portfolio (-5% of net worth)
Now, let's say best case scenario, you went from 0 % equities to 100 % equities at the bottom on March 23 (without telling us until today, and which would beg explanation since on March 18 you opined that the full impact of coronavirus was yet to come and your plan was to get back into equities when the (DOW) market was 15k-18k, which never happened).  The SP 500 has gone up 43 % since then.  If you already had a loss of 18 % on March 23, and you were investing in SP 500 ETF's, your portfolio would be up (0.82 x 1.43) = 17 %.

So could you clear up the confusion on when you went to 0 % equities, when you bought back in (and what changed your mind about when to buy back in), and how you managed to get a 30 % YTD gain?   Most importantly, we are not getting a hint of your great insights until it is too late-I'm sure I speak for many in saying it would be deeply appreciated if you could signal some of these moves prospectively, we are only hearing about them in the rear view mirror...
B3GINN3R
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Location: chicago

Re: Share your net worth progression

Post by B3GINN3R »

B3GINN3R wrote: Fri Dec 27, 2019 12:57 pm
B3GINN3R wrote: 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
Age 27, Married

2010-$0
2014-$0
2016-(30,000)
2017-(15,000)
2018-$98,000
May 2019 - $162,000
December 2019 - $245,000

Workin hard!
6 month update! Age 28, Married, goal is to get to 500k all in by 30 (including home equity as we expect to buy soon but currently rent)

2010-$0
2014-$0
2016-(30,000)
2017-(15,000)
2018-$98,000
May 2019 - $162,000
December 2019 - $245,000
June 2020 - $301,000

Still workin hard!
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Toons
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Location: Hills of Tennessee

Re: Share your net worth progression

Post by Toons »

Enough



:mrgreen:
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
investingdad
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Re: Share your net worth progression

Post by investingdad »

Amazingly, we have just surpassed our all time high from back in Feb of this year.

So I'll contribute my experience to this thread by stating my strategy during the Covid19 pandemic has been this:

"We're down 20 plus percent in a matter of 3 weeks. I have zero idea what to do. All I can do is carry on with my strategy of monthly investments but do nothing oterwise."

And, that's what I've done.

Our net is at all time high as of close yesterday. Slightly nuts, but there you go.
Independent George
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Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

Stupidly, I didn't keep records prior to 2012, so I'm making rough estimates based on incomplete data from Mint. I didn't do any tracking at all before 2007 (age 30), so I can't even guess at those numbers. Just as with my weight loss, I really wish I kept better records from my 'before' period.

2007: 145k (estimated)
2008: -15k (estimated)
2009: 15k (estimated)
2010: 75k (estimated)
2011: 90k (estimated)
2012: 132k
2013: 191k
2014: 198k
2015: 261k
2016: 306k
2017: 409k
2018: 378k
2019: 481k

I'm currently back at 496k as of this morning, just below my high of 501k in February, and up from a YTD low of $415k in March. Who knows where it'll be at year end.
biscuit
Posts: 102
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Re: Share your net worth progression

Post by biscuit »

35 & 40 year olds with 2 small kids. We started saving money 8 years ago after depleting most of our networth for my MBA.

Current networth: $1.2M

Combined income: $290K including bonus.

It's great to see how far we have come considering we both are coming from lower-middle-class family.
dziuniek
Posts: 869
Joined: Mon Jul 23, 2012 2:54 pm
Location: Corrupticut

Re: Share your net worth progression

Post by dziuniek »

squirm wrote: Wed Jun 03, 2020 9:03 am Is flaunting net worth in vogue, especially in these times?

Reminds me when someone post, something like "can I buy this used toyota camry?" and states they have $10 million in blah blah blah funds.
I don't see how it has anything to do with 'these times'. There's always something going on.

This is one of my favorite threads. I simply cut a ZERO from most posters numbers and hope to get to that number ;)
dziuniek
Posts: 869
Joined: Mon Jul 23, 2012 2:54 pm
Location: Corrupticut

Re: Share your net worth progression

Post by dziuniek »

cusetownusa wrote: Wed Jun 03, 2020 2:12 pm
PNWDawg wrote: Wed Jun 03, 2020 11:17 am Kept seeing this post pop up and was looking forward to posting once I hit my most recent goal, and now I've hit it! I pulled these number from goals that I had set/met in Mint.

Nov 2016: 15K
2017: 30K
July 2018: 50K
2019: 70K
May 2020: 100K

Definitely still in the early stages of my career at 25 y/o but it felt great to break that 6 figure mark! Now onto the next goal...
wow, thats great...I think I was still at a negative net worth at 25.
That is awesome. I'm pretty sure I hit $0.00 at about 30 or so.
KlangFool
Posts: 17744
Joined: Sat Oct 11, 2008 12:35 pm

Re: Share your net worth progression

Post by KlangFool »

Folks,

1.45 million. 50K from my FI number. About to be laid off in June 30th. Life is full of up and down,

KlangFool
austin757
Posts: 139
Joined: Wed Jun 06, 2018 11:48 am

Re: Share your net worth progression

Post by austin757 »

You guys are really inspiring. Seeing some of these figures helps me realize what is achievable with hard work and the right attitude towards investing. I was getting nervous these last couple months seeing sharp drops, but I have stayed the course (100% equities) and will keep contributing going forward.

Started investing in 2014 at age 20, but I wasn't as precise with tracking net worth until the last couple of years.

2014: 70k (estimated)
2015: 85k (estimated)
2016: 125k (estimated)
2017: 295k (estimated)
2018: 390k (estimated)
2019: 665k
YTD: 1,038,000

I'm at a point in my career where I'm thinking of getting an MBA and trying for a management role. The COVID thing has gotten me to really think about career and investments going forward. I'm not really sure what to do with my life.
Last edited by austin757 on Tue Jun 09, 2020 10:56 am, edited 2 times in total.
Independent George
Posts: 893
Joined: Wed Feb 17, 2016 12:13 pm
Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

dziuniek wrote: Tue Jun 09, 2020 10:11 am
squirm wrote: Wed Jun 03, 2020 9:03 am Is flaunting net worth in vogue, especially in these times?

Reminds me when someone post, something like "can I buy this used toyota camry?" and states they have $10 million in blah blah blah funds.
I don't see how it has anything to do with 'these times'. There's always something going on.

This is one of my favorite threads. I simply cut a ZERO from most posters numbers and hope to get to that number ;)
I can see how a lot of this thread comes across as humblebragging. I'll be the first to admit that I'm rather envious of some of the numbers I see in here. At the same time, though, there's a story behind each net worth progression, and not everyone here is making six figure salary.

I'm a bit biased, but I think my own story is one worth seeing, and I'm glad to share it. I very suddenly dropped into negative net worth in 2008, then gradually building it back up over the next ten years on a relatively modest salary (I was pretty much stagnant between $60k and 70k between 2007 and 2014, then once again started earning more over the last five years).
StoopieHippo
Posts: 95
Joined: Sat Sep 15, 2018 10:42 am
Location: Seattle, WA

Re: Share your net worth progression

Post by StoopieHippo »

KlangFool wrote: Tue Jun 09, 2020 10:33 am Folks,

1.45 million. 50K from my FI number. About to be laid off in June 30th. Life is full of up and down,

KlangFool
Whoa, didn't see that coming. What's your plan? (I feel like you always have a plan, lol)
stoptothink
Posts: 8326
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your net worth progression

Post by stoptothink »

austin757 wrote: Tue Jun 09, 2020 10:48 am You guys are really inspiring. Seeing some of these figures helps me realize what is achievable with hard work and the right attitude towards investing. I was getting nervous these last couple months seeing sharp drops, but I have stayed the course (100% equities) and will keep contributing going forward.

Started investing in 2014 at age 20, but I wasn't as precise with tracking net worth until the last couple of years.

2014: 70k (estimated)
2015: 85k (estimated)
2016: 125k (estimated)
2017: 295k (estimated)
2018: 390k (estimated)
2019: 665k
YTD: 1,038,000

I'm at a point in my career where I'm thinking of getting an MBA and trying for a management role. The COVID thing has gotten me to really think about career and investments going forward. I'm not really sure what to do with my life.
Well, you could probably never save another penny and be just fine.
learningtime
Posts: 31
Joined: Sat Apr 09, 2011 4:13 pm

Re: Share your net worth progression

Post by learningtime »

Ages: 43 and 45

All numbers approximate

1999 - 10K
2004 - 150K
2012 - 400K
[i][2012 move to a HCOL and better job][/i]
2020 - 2M (including deferred compensation and home equity of around $500K; Not sure if I should count DC as that is for a child's college if all goes well)
KlangFool
Posts: 17744
Joined: Sat Oct 11, 2008 12:35 pm

Re: Share your net worth progression

Post by KlangFool »

StoopieHippo wrote: Tue Jun 09, 2020 11:09 am
KlangFool wrote: Tue Jun 09, 2020 10:33 am Folks,

1.45 million. 50K from my FI number. About to be laid off in June 30th. Life is full of up and down,

KlangFool
Whoa, didn't see that coming. What's your plan? (I feel like you always have a plan, lol)
StoopieHippo,

Take it easy. Work if I can find a suitable work from home job. Or else, just take classes and live my life.

KlangFool
JD2775
Posts: 616
Joined: Thu Jul 09, 2015 10:47 pm

Re: Share your net worth progression

Post by JD2775 »

Small numbers compared to most on here, but here goes, all numbers approx.....

Age 45

Age 29: $500 (basically didn't save at all in my 20's)
Age 30: $5,000 (got my first "real job")
Age 35: $50,000
Age 40: $160,000
Age 45 (current): $550,000

Started visiting this site and taking my savings more seriously right around age 40.
chenzi
Posts: 125
Joined: Thu Aug 06, 2015 3:07 pm

Re: Share your net worth progression

Post by chenzi »

2003-$500 (worked in Asia)
2005 -$2000
2006 - $12000
2007 - $40000 (worked in USA)
2008 - $20000 (financial crisis - moved back to Asia)
2012 - $120000
2014 - $400000
2015 - $500000 (moved back to USA)
2016 - $1000000
2018 - $1500000
2020 (now) - $2700000
alfaspider
Posts: 3036
Joined: Wed Sep 09, 2015 4:44 pm

Re: Share your net worth progression

Post by alfaspider »

chenzi wrote: Tue Jun 09, 2020 12:45 pm 2003-$500 (worked in Asia)
2005 -$2000
2006 - $12000
2007 - $40000 (worked in USA)
2008 - $20000 (financial crisis - moved back to Asia)
2012 - $120000
2014 - $400000
2015 - $500000 (moved back to USA)
2016 - $1000000
2018 - $1500000
2020 (now) - $2700000
What did you do between 2008 and 2014? Surely there was something going on besides regular saving and investing to get you from $20k to $4MM in six years.
fatcoffeedrinker
Posts: 265
Joined: Mon Mar 23, 2020 2:03 pm

Re: Share your net worth progression

Post by fatcoffeedrinker »

alfaspider wrote: Tue Jun 09, 2020 1:31 pm
chenzi wrote: Tue Jun 09, 2020 12:45 pm 2003-$500 (worked in Asia)
2005 -$2000
2006 - $12000
2007 - $40000 (worked in USA)
2008 - $20000 (financial crisis - moved back to Asia)
2012 - $120000
2014 - $400000
2015 - $500000 (moved back to USA)
2016 - $1000000
2018 - $1500000
2020 (now) - $2700000
What did you do between 2008 and 2014? Surely there was something going on besides regular saving and investing to get you from $20k to $4MM in six years.
It's $400k, not $4M.
alfaspider
Posts: 3036
Joined: Wed Sep 09, 2015 4:44 pm

Re: Share your net worth progression

Post by alfaspider »

fatcoffeedrinker wrote: Tue Jun 09, 2020 1:33 pm
alfaspider wrote: Tue Jun 09, 2020 1:31 pm
chenzi wrote: Tue Jun 09, 2020 12:45 pm 2003-$500 (worked in Asia)
2005 -$2000
2006 - $12000
2007 - $40000 (worked in USA)
2008 - $20000 (financial crisis - moved back to Asia)
2012 - $120000
2014 - $400000
2015 - $500000 (moved back to USA)
2016 - $1000000
2018 - $1500000
2020 (now) - $2700000
What did you do between 2008 and 2014? Surely there was something going on besides regular saving and investing to get you from $20k to $4MM in six years.
It's $400k, not $4M.
:oops: Formatting made it look like there was an extra zero.
fatcoffeedrinker
Posts: 265
Joined: Mon Mar 23, 2020 2:03 pm

Re: Share your net worth progression

Post by fatcoffeedrinker »

alfaspider wrote: Tue Jun 09, 2020 1:38 pm
fatcoffeedrinker wrote: Tue Jun 09, 2020 1:33 pm
alfaspider wrote: Tue Jun 09, 2020 1:31 pm
chenzi wrote: Tue Jun 09, 2020 12:45 pm 2003-$500 (worked in Asia)
2005 -$2000
2006 - $12000
2007 - $40000 (worked in USA)
2008 - $20000 (financial crisis - moved back to Asia)
2012 - $120000
2014 - $400000
2015 - $500000 (moved back to USA)
2016 - $1000000
2018 - $1500000
2020 (now) - $2700000
What did you do between 2008 and 2014? Surely there was something going on besides regular saving and investing to get you from $20k to $4MM in six years.
It's $400k, not $4M.
:oops: Formatting made it look like there was an extra zero.
Agreed. I had to blow it up on my phone to make sure I counted the zeros correctly. What's a couple orders of magnitude among friends?
chenzi
Posts: 125
Joined: Thu Aug 06, 2015 3:07 pm

Re: Share your net worth progression

Post by chenzi »

I joined one of the FAANG firms in Asia and married my spouse who was also in one of the 'FAANG' firms :) that did wonders to net worth progression!
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