Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
- Posts: 13
- Joined: Fri Jan 11, 2019 5:19 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.
- Posts: 37
- Joined: Mon Aug 28, 2017 12:07 am
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)
- Posts: 118
- Joined: Thu Jun 08, 2017 6:11 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
2011: 157k (started full-time MBA)
mid-2013: 56k (graduated MBA along with now-wife, started work again, 110k in student loans
2015: 270k single / 432k married
2016: 657k married (bought townhouse in HCOL area)
2017: 1,125k, finished paying off student loans
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.
- Posts: 113
- Joined: Thu Nov 16, 2017 12:52 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.
Goal for end of 2019 is $175k...