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
Buster65
Posts: 195
Joined: Tue Jun 19, 2012 4:13 pm

Re: Share your net worth progression

Post by Buster65 » Thu Mar 26, 2020 12:39 pm

In increments of 5 years: (I'm 54 now)

1997 $128K
2001 $668K
2006 $1.9M
2011 $4.5M
2016 $7.1M
Today $7.9M

How did this happen. First and foremost I've always lived way below my means. Live in the same house with wife and that we bought in 1998. At 40 instead of buying that mid life crisis care I paid off my mortgage. Now I will admit I had some solid earning years but I never got lifestyle creep. We travel, drive two modest paid off cars and don't really have the urge for more. In 2017 my firm closed down so basically income has dried up but by then our capital was the main driver of our income not my wages. I still consult part time and my wife works part time as well but actual earnings from work are very low compared to our peak. Good luck all!

Shael_AT
Posts: 19
Joined: Mon Jul 15, 2019 2:36 pm

Re: Share your net worth progression

Post by Shael_AT » Thu Mar 26, 2020 3:22 pm

Buster65 wrote:
Thu Mar 26, 2020 12:39 pm
In increments of 5 years: (I'm 54 now)

1997 $128K
2001 $668K
2006 $1.9M
2011 $4.5M
2016 $7.1M
Today $7.9M

How did this happen. First and foremost I've always lived way below my means. Live in the same house with wife and that we bought in 1998. At 40 instead of buying that mid life crisis care I paid off my mortgage. Now I will admit I had some solid earning years but I never got lifestyle creep. We travel, drive two modest paid off cars and don't really have the urge for more. In 2017 my firm closed down so basically income has dried up but by then our capital was the main driver of our income not my wages. I still consult part time and my wife works part time as well but actual earnings from work are very low compared to our peak. Good luck all!
I aspire to be in your position one day. We're 28 and just landed our first home in a superb location and metro region, and we have room for 3 more without it getting crowded, too. Fingers crossed - the wife loves the 2020 Audi Q7, but loves having no payments even more ;) :sharebeer

Keenobserver
Posts: 201
Joined: Thu Aug 13, 2015 1:05 pm

Re: Share your net worth progression

Post by Keenobserver » Wed Apr 01, 2020 4:13 pm

Wow this thread really died out.

L82GAME
Posts: 140
Joined: Sat Dec 07, 2019 9:29 am

Re: Share your net worth progression

Post by L82GAME » Wed Apr 01, 2020 4:54 pm

Buster65 wrote:
Thu Mar 26, 2020 12:39 pm
In increments of 5 years: (I'm 54 now)

1997 $128K
2001 $668K
2006 $1.9M
2011 $4.5M
2016 $7.1M
Today $7.9M

How did this happen. First and foremost I've always lived way below my means. Live in the same house with wife and that we bought in 1998. At 40 instead of buying that mid life crisis care I paid off my mortgage. Now I will admit I had some solid earning years but I never got lifestyle creep. We travel, drive two modest paid off cars and don't really have the urge for more. In 2017 my firm closed down so basically income has dried up but by then our capital was the main driver of our income not my wages. I still consult part time and my wife works part time as well but actual earnings from work are very low compared to our peak. Good luck all!
Keenobserver wrote:
Wed Apr 01, 2020 4:13 pm
Wow this thread really died out.
It’s a rather tacky topic in these times...

KSActuary
Posts: 397
Joined: Fri Jan 13, 2012 10:53 pm

Re: Share your net worth progression

Post by KSActuary » Wed Apr 01, 2020 5:08 pm

Not sure if tacky is the right term but I am sure people with large portfolios have seen some sizable dollar-sized drops in the last month. Might be hard to get used to going from %'s to $'s. I think looking at NW without understanding income or retirement needs is a little incomplete.

tigers174
Posts: 39
Joined: Sun Feb 03, 2019 3:24 pm

Re: Share your net worth progression

Post by tigers174 » Wed Apr 01, 2020 5:43 pm

Keenobserver wrote:
Wed Apr 01, 2020 4:13 pm
Wow this thread really died out.
Most people calculate their net worth once a year, usually towards the end of the year.

nobleisthyname
Posts: 1
Joined: Thu Mar 26, 2020 4:39 pm

Re: Share your net worth progression

Post by nobleisthyname » Fri Apr 03, 2020 4:02 pm

I calculated our net worth at the end of March and was pleasantly surprised at how little the recent downturn affected my graphs. In fact our net worth has continued to increase each month this year.

In reality, this mostly speaks to how early in our journey my wife and are. ~20% of our NW is in cash as our emergency fund/home down payment/various other buckets, so we weren't terribly exposed. Also I got a nice bonus at work last month and was able to put it all in the market right in the middle of the partial rally last week which negated a good bit of the damage.

We're at $109,000 right now. I'm looking forward to seeing what that number is 5 years from now.

Candor
Posts: 229
Joined: Sat May 28, 2011 4:25 pm

Re: Share your net worth progression

Post by Candor » Fri Apr 03, 2020 7:31 pm

Keenobserver wrote:
Wed Apr 01, 2020 4:13 pm
Wow this thread really died out.
Not a lot of progress lately.

Normchad
Posts: 285
Joined: Thu Mar 03, 2011 7:20 am

Re: Share your net worth progression

Post by Normchad » Fri Apr 03, 2020 7:33 pm

Mine is heading the other way now..... I may get a chance to relive crossing many of the milestone values at least one more time, hopefully twice.

Then again, I may become a thousandaire!

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