Share your net worth progression

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LadyGeek
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Re: Share your net worth progression

Post by LadyGeek »

I removed an off-topic comment regarding a high level government coronavirus authority.

Please stay on-topic.
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yogesh
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Re: Share your net worth progression

Post by yogesh »

Hawaiishrimp wrote: Tue Nov 10, 2020 12:10 am
l1am wrote: Mon Nov 09, 2020 3:34 pm
Hawaiishrimp wrote: Sun Nov 08, 2020 1:59 am 45. Holding the same job. CA state tax is high. I am considering moving to a different state. No other major net worth progress change this month. Dropped off the 8 digits club this month so far. I hope to get back soon.

2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $9.89M (End of Oct)
Woah, wth happened in 2019/2020 - that's incredible
Tesla happened.... :D Stock Option vested also.
Wow that's quite handsome pay for single stock pick! Can I get your magic ball?
Emergency: FDIC | Taxable: VTMFX | Retirement: TR2040
aggie oilman
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Re: Share your net worth progression

Post by aggie oilman »

Year Age Income Net Worth
2009 24 $50,000 $25,000
2010 25 $152,000 $103,000
2011 26 $195,000 $230,000
2012 27 $266,000 $345,000
2013 28 $210,000 $220,000
2014 29 $273,000 $458,000
2015 30 $265,000 $550,000
2016 31 $270,000 $780,000
2017 32 $298,000 $1,105,000
2018 33 $319,000 $1,124,000
2019 34 $372,000 $1,650,000
2020 35 $376,000 $1,938,000
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Hawaiishrimp
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Re: Share your net worth progression

Post by Hawaiishrimp »

yogesh wrote: Tue Nov 10, 2020 4:58 pm
Hawaiishrimp wrote: Tue Nov 10, 2020 12:10 am
l1am wrote: Mon Nov 09, 2020 3:34 pm
Hawaiishrimp wrote: Sun Nov 08, 2020 1:59 am 45. Holding the same job. CA state tax is high. I am considering moving to a different state. No other major net worth progress change this month. Dropped off the 8 digits club this month so far. I hope to get back soon.

2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $9.89M (End of Oct)
Woah, wth happened in 2019/2020 - that's incredible
Tesla happened.... :D Stock Option vested also.
Wow that's quite handsome pay for single stock pick! Can I get your magic ball?
No magic ball here. Just good old research and buy the company I believe in. Cheers!

I don't dare to recommend any individual stock in the Bogleheads forum. People are devoted in Index funds here. I'm not gonna rock their boats. I love to live in peace and harmony.
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
yogesh
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Re: Share your net worth progression

Post by yogesh »

Hawaiishrimp wrote: Mon Nov 16, 2020 8:40 pm
yogesh wrote: Tue Nov 10, 2020 4:58 pm
Hawaiishrimp wrote: Tue Nov 10, 2020 12:10 am
l1am wrote: Mon Nov 09, 2020 3:34 pm
Hawaiishrimp wrote: Sun Nov 08, 2020 1:59 am 45. Holding the same job. CA state tax is high. I am considering moving to a different state. No other major net worth progress change this month. Dropped off the 8 digits club this month so far. I hope to get back soon.

2015: $970k
2016: $1.51M
2017: $2.01M
2018: $2.10M
2019: $2.95M
2020: $9.89M (End of Oct)
Woah, wth happened in 2019/2020 - that's incredible
Tesla happened.... :D Stock Option vested also.
Wow that's quite handsome pay for single stock pick! Can I get your magic ball?
No magic ball here. Just good old research and buy the company I believe in. Cheers!

I don't dare to recommend any individual stock in the Bogleheads forum. People are devoted in Index funds here. I'm not gonna rock their boats. I love to live in peace and harmony.
Good to know that.

My wife and I had tried two methods.
[1] Sell ESPP and buy Total Market Index Fund
[2] Keep ESPP in company stock
She won handsomely for last decade so it was very difficult discussion to get her to change that single stock which keeps beating market :-). I guess do nothing has worked in her favor.
Emergency: FDIC | Taxable: VTMFX | Retirement: TR2040
megerman
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Re: Share your net worth progression

Post by megerman »

No one to share this with aside from my spouse at home but here's our journey (combined net worth)

Started career in 2014 at age 31 with negative net worth, and combined $230k in student loan debt

2014: Age 31: - $230k. Combined household income $300k.

9/2016: Age 33: 0 networth (paid off student loans)

9/2018: Age 35: $532k (sold first house for some profit)

9/2019: Age 36: $650k

11/2020: Age 37: $1.05 million

Along the way due to our higher income, we've brute force saved, and maximized all accounts like 401k, 457b, HSA, Back door roth IRA, and have been able to open a solo401k this year with even more savings contributions. My yearly income has increased in the past year as well to $440k.

We both grew up in low to middle class households so we never thought we'd see the day we'd hit $1 million networth. Having a late start to our careers has been offset by our high earning potential.

You've all been a source of motivation ever since I started taking an interest in our finances 6 years ago, thank you all!
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Hawaiishrimp
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Re: Share your net worth progression

Post by Hawaiishrimp »

megerman wrote: Tue Nov 17, 2020 3:15 pm 2014: Age 31: - $230k. Combined household income $300k.
9/2016: Age 33: 0 networth (paid off student loans)
9/2018: Age 35: $532k (sold first house for some profit)
9/2019: Age 36: $650k
11/2020: Age 37: $1.05 million
That's an awesome job, congrats!!
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
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Hawaiishrimp
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Re: Share your net worth progression

Post by Hawaiishrimp »

yogesh wrote: Mon Nov 16, 2020 10:42 pm My wife and I had tried two methods.
[1] Sell ESPP and buy Total Market Index Fund
[2] Keep ESPP in company stock
She won handsomely for last decade so it was very difficult discussion to get her to change that single stock which keeps beating market :-). I guess do nothing has worked in her favor.
Sometimes the best course of action is: Staying the course. If it's working for you, why change? Congrats on your progress as well!
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
mouth
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Re: Share your net worth progression

Post by mouth »

I retired from the military in 2014, found YNAB and the Bogleheads, and got a job as a management consultant. I don't have good tracking data prior to 2014, but I think it's a fair statement to say that my path from 21yo to 42yo was fairly steady and never too far in debt but rather flat in those early years. I had financial goals and spreadsheets with plans, but I wasn't as disciplined as I coulda/shoulda been. I had a few "behavioral" financial mistakes, a run in with UPSA-IRA (aka FirstCommand), missed opportunities to do nothing, and a divorce that thankfully wasn't too financially painful.

But overall in my 20s and 30s I kept my CC debt low even if I was constantly in and out of the float (often paying it off with tax refund :oops: ), kept my housing costs reasonable, and tried to always shovel money into the TSP and a Roth IRA; all while still spending to have a lot of fun :sharebeer .

Code: Select all

Date	Net Worth
Jun-90	 $0       Entered military academy at 17yo
Sep-94	-$18,000  Graduated with a car loan and no savings; but I had a job, a paycheck, and an adventure ahead of me
Sep-14	 $343,310 First month of YNAB, Bogleheads, learning about FIRE, and military retirement
Nov-14	 $332,169 Started new post-military job
Nov-15	 $407,589 
Nov-16	 $483,585 
Nov-17	 $600,520 
Nov-18	 $715,925 
Nov-19	 $867,548 
Nov-20	 $1,075,892
I'm sort of in OMY mode right now because I still enjoy what I do, they're still paying me a lot, and I haven't really decided what I'll do when I FIRE. It'll likely involve moving to somewhere warm, maybe the southwest (been there before and really enjoyed it), but the longer I stay where I am the more I realize I don't know if I want to start a social life over again. I did that enough times in the military. :confused
angelescrest
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Location: Texas

Re: Share your net worth progression

Post by angelescrest »

Independent George wrote: Tue Nov 10, 2020 12:04 pm I agree completely. I think it's also important for people to see what's possible to achieve on modest incomes - so here's my updated info:

Born: 1977, single, no dependents

2007: 145k (est), 53k income
2008: -15k (est), 60k income
2009: 15k (est), 73k income
2010: 75k (est), 74k income
2011: 90k (est), 73k income
2012: 132k, 63k income
2013: 191k, 67k income
2014: 198k, 74k income
2015: 261k, 74k income
2016: 306k, 76k income
2017: 409k, 77k income
2018: 378k, 78k income
2019: 481k, 80k income
2020 (YTD): 562k YTD, 84k income (projected)

My negative net worth in 2008 was once an old shame that I'm now rather proud of overcoming. It's like the 'before' picture from people who lose a lot of weight.

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. I plan on doing a separate detailed post at year's end, because I think I've just about hit a financial crossroads.
I think is my favorite post of the bunch. I’m interested to see how your savings growth tracks over the next 20 years. What is your end goal, and when do you think you might retire?
Labelle
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Re: Share your net worth progression

Post by Labelle »

Independent George wrote: Tue Nov 10, 2020 12:04 pm
azianbob wrote: Fri Oct 16, 2020 7:56 pm I'm thinking it will be helpful if people add in their salary/income as well. It gives a better idea how much of the net worth growth is due to high income vs investment returns.
I agree completely. I think it's also important for people to see what's possible to achieve on modest incomes - so here's my updated info:

Born: 1977, single, no dependents

2007: 145k (est), 53k income
2008: -15k (est), 60k income
2009: 15k (est), 73k income
2010: 75k (est), 74k income
2011: 90k (est), 73k income
2012: 132k, 63k income
2013: 191k, 67k income
2014: 198k, 74k income
2015: 261k, 74k income
2016: 306k, 76k income
2017: 409k, 77k income
2018: 378k, 78k income
2019: 481k, 80k income
2020 (YTD): 562k YTD, 84k income (projected)

My negative net worth in 2008 was once an old shame that I'm now rather proud of overcoming. It's like the 'before' picture from people who lose a lot of weight.

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. I plan on doing a separate detailed post at year's end, because I think I've just about hit a financial crossroads.
This gives me hope! Thank you for sharing your progress and specially your income range, if you do not mind me asking you what is your saving rate?
Independent George
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Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

angelescrest wrote: Tue Nov 17, 2020 10:06 pm I think is my favorite post of the bunch. I’m interested to see how your savings growth tracks over the next 20 years. What is your end goal, and when do you think you might retire?
Gracias. My long-term goal is to retire at 55 with $1.2M in liquid assets and a paid-off mortgage; my immediate goal is to get to $500k in retirement assets (including HSA) by age 45. I was at $455k yesterday with over a year remaining until my 45th birthday, so I'm actually pretty close - hence, the crossroads I alluded to earlier. It's a long way from here to there (including a nonzero chance I'll be unemployed next year), so I'm not counting my chickens quite yet, but I had trouble imagining being in this situation back in 2008. My mortgage was suddenly $80k underwater, my retirement accounts lost 50%, and I had a lot of job risk. But I cut expenses, kept working, kept saving, and gradually dug my way out of the hole.
Labelle wrote: Tue Nov 17, 2020 11:30 pm This gives me hope! Thank you for sharing your progress and specially your income range, if you do not mind me asking you what is your saving rate?
For 2020, 32% of gross goes into my retirement accounts, plus a 3% employer match. I maxed my Roth IRA every year since 2002, and got at least the company match (6% contribution + 3% match) since 2004, so I've saved at least 15% every year since my mid-20s. I've basically held my living expenses flat (adjusted for inflation) since 2013, and either increased my 401k or paid additional principal into my mortgage. I know it's not mathematically ideal, but it was a huge psychological relief to get above water again in 2015, and then getting back to 80% LTV last year made it easy to refinance. This is the first year I've ever maxed my 401k.

I do have two footnotes to add. First, my income numbers are pulled from my SSA statement, so it actually understates it by a few thousand each year due to deductible health insurance/HSA contributions.

Second, I am vested in a private sector pension - grandfathered into the old defined benefits program plus the new cash balance program (since 2017). I am due a $200k lump sum at age 65 (not inflation adjusted), or age 55 if I manage to stay with my employer until then (not likely, I'd say). Technically I'm understating my net worth by a significant number, but I think there are too many variables to do a proper net present value calculation.
Last edited by Independent George on Wed Nov 18, 2020 12:55 pm, edited 1 time in total.
dh666
Posts: 2
Joined: Wed Nov 18, 2020 8:47 am

Re: Share your net worth progression

Post by dh666 »

Thankful to everyone on these forums, even though I deviate in terms of individual stocks, the mindset of save early, live below ones means, let compounding work for you, and maximize tax advantaged has served me well.

Graduated in 2011, starting tracking in 2014, unmarried in VHCOL + High Tax Area. Nominal RSU's last year and projected future years, but each tranche would only add about 1 % to my NW. I do not track it by the dollar, but currently saving ~ 30% of gross income.

My jumps in 2019 and 2020 have been from a select few individual stocks. I typically let them run selling small pieces along the way and purchase index funds, and get out when I believe the re-rate has ended.

Current Allocation is ~ 41% Total Stock Market, 44% Individual Stocks (3 names total and NOT the traditional TESLA / FANG / Tech crowd), 10% Gold Miners and 5% Cash E- Fund. Allocation is roughly equal between taxable and tax advantaged. I would expect my TSM to increase as a % going forward as that is where new money is directed, but if the individual names keep going up, that's a decent problem to have.

Date -------- Age --- Income ------ NW
1/1/2014 --- 25 --- 65,000 --- 15,000
1/1/2015 --- 26 --- 70,000 --- 30,000
1/1/2016 --- 27 --- 110,000 --- 65,000
1/1/2017 --- 28 --- 145,000 --- 100,000
1/1/2018 --- 29 --- 150,000 --- 168,000
1/1/2019 --- 30 --- 210,000 --- 226,000
1/1/2020 --- 31 --- 216,000 --- 424,000
Today :) --- 32 --- 222,000 --- 1,131,000
angelescrest
Posts: 1109
Joined: Tue May 27, 2008 10:48 am
Location: Texas

Re: Share your net worth progression

Post by angelescrest »

Independent George wrote: Wed Nov 18, 2020 11:17 am Gracias. My long-term goal is to retire at 55 with $1.2M in liquid assets and a paid-off mortgage; my immediate goal is to get to $500k in retirement assets (including HSA) by age 45. I was at $455k yesterday with over a year remaining until my 45th birthday, so I'm actually pretty close - hence, the crossroads I alluded to earlier. It's a long way from here to there (including a nonzero chance I'll be unemployed next year), so I'm not counting my chickens quite yet, but I had trouble imagining being in this situation back in 2008. My mortgage was suddenly $80k underwater, my retirement accounts lost 50%, and I had a lot of job risk. But I cut expenses, kept working, kept saving, and gradually dug my way out of the hole.
Really interesting thanks for sharing. I’ve had very similar experiences with 2008, and about the same savings rate. So you think 1.2 will work for you at age 55? I’m assuming I need to get to age 59, but I hope I’m wrong about that.
orjones
Posts: 3
Joined: Fri Feb 02, 2018 2:34 pm

Re: Share your net worth progression

Post by orjones »

Household NW figures.
2017: $374,500 (age 36)
2018: $515,900
2019: $294,000 (bought house, see below)
2020: $430,700 (age 39)

Uses conservative calculation including only existing equity against purchase price of home (not the market value at time of purchase or now).

ETA: How do people generally account for their mortgage / home value when calculating NW for these posts? All assets for 2019 would be $517,500 and in 2020 would be $648,000. Debt is all mortgage. But I'm not sure if my way of accounting for the house is unusual here or no, so thought I'd mention.
Spindrift
Posts: 45
Joined: Sun Jun 24, 2018 9:46 am

Re: Share your net worth progression

Post by Spindrift »

YEAR Net Worth
1999 $276,503
2000 $317,385
2001 $307,626
2002 $338,632
2003 $431,386
2004 $500,848
2005 $562,434
2006 $699,174
2007 $764,796
2008 $622,246
2009 $801,469
2010 $955,284
2011 $949,271
2012 $1,060,858
2013 $1,359,117
2014 $1,526,937
2015 $1,706,621
2016 $2,009,384
2017 $2,557,531
2018 $3,050,841
2019 $4,078,130
2020 $4,436,204

Retired 1 year ago at age 58 and now have about $500K more. Unreal! Career kind of took off in 2013, then kids left the nest. Really boosted savings after that point with goal of retiring at 55 in 2016 with about $1.5M. Ended up staying in longer as I was really enjoying my role. Left when I finally felt the burnout of constant long hours and travel taking hold. I was always 100% equities until about 2016 when I started seriously prepping for retirement. Retired at 75/25 but now at a comfortable 79/21 with about 10 years in short/intmd bonds and cash.
Independent George
Posts: 992
Joined: Wed Feb 17, 2016 12:13 pm
Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

angelescrest wrote: Wed Nov 18, 2020 8:20 pm Really interesting thanks for sharing. I’ve had very similar experiences with 2008, and about the same savings rate. So you think 1.2 will work for you at age 55? I’m assuming I need to get to age 59, but I hope I’m wrong about that.
I have a pretty simple calculation - my current monthly budget is roughly $3,500, or 42,000 per year. With $1.2M (inflation adjusted), a 3.5% withdrawal rate equals 42,000/year - and without a mortgage or Roth IRA contributions, that leaves me with a pretty hefty surplus to enjoy or gift as I see fit. Beyond that, there's really not much I can control besides my savings rate, so I expect to adjust as I go, but 1.2M debt-free is a pretty straightforward and attainable goal.
orjones wrote: Thu Nov 19, 2020 1:48 am Uses conservative calculation including only existing equity against purchase price of home (not the market value at time of purchase or now).

ETA: How do people generally account for their mortgage / home value when calculating NW for these posts? All assets for 2019 would be $517,500 and in 2020 would be $648,000. Debt is all mortgage. But I'm not sure if my way of accounting for the house is unusual here or no, so thought I'd mention.
That's pretty much what I do - the lesser of purchase price or FMV. In my case, as the condo I bought for $260k was appraised for $195k when I refinanced last year, so that's what I use in my calculation. Going forward, I'll use the Zillow estimate, which matched the appraisal almost exactly ($196k vs $195k).

ETA: I misread your post, but my answer is the same - I take the lesser of purchase price or FMV, and ignore appreciation.
Last edited by Independent George on Thu Nov 19, 2020 10:41 am, edited 2 times in total.
poker27
Posts: 820
Joined: Mon Apr 01, 2013 2:48 pm

Re: Share your net worth progression

Post by poker27 »

Independent George wrote: Thu Nov 19, 2020 10:14 am
angelescrest wrote: Wed Nov 18, 2020 8:20 pm Really interesting thanks for sharing. I’ve had very similar experiences with 2008, and about the same savings rate. So you think 1.2 will work for you at age 55? I’m assuming I need to get to age 59, but I hope I’m wrong about that.
I have a pretty simple calculation - my current monthly budget is roughly $3,500, or 42,000 per year. With $1.2M (inflation adjusted), a 3.5% withdrawal rate equals 42,000/year - and without a mortgage or Roth IRA contributions, that leaves me with a pretty hefty surplus to enjoy or gift as I see fit. Beyond that, there's really not much I can control besides my savings rate, so I expect to adjust as I go, but 1.2M debt-free is a pretty straightforward and attainable goal.
orjones wrote: Thu Nov 19, 2020 1:48 am Uses conservative calculation including only existing equity against purchase price of home (not the market value at time of purchase or now).

ETA: How do people generally account for their mortgage / home value when calculating NW for these posts? All assets for 2019 would be $517,500 and in 2020 would be $648,000. Debt is all mortgage. But I'm not sure if my way of accounting for the house is unusual here or no, so thought I'd mention.
That's pretty much what I do - the lesser of purchase price or FMV. In my case, as the condo I bought for $260k was appraised for $195k when I refinanced last year, so that's what I use in my calculation. Going forward, I'll use the Zillow estimate, which matched the appraisal almost exactly ($196k vs $195k).
This seems much more realistic to me then the typical response here. And from a fellow Chicagoan!
Independent George
Posts: 992
Joined: Wed Feb 17, 2016 12:13 pm
Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

poker27 wrote: Thu Nov 19, 2020 10:36 am This seems much more realistic to me then the typical response here. And from a fellow Chicagoan!
What, you can't quadruple your income so that you can scrape by on a 1% withdrawal from a $20M portfolio? Are you lazy or something?
e5116
Posts: 619
Joined: Mon Oct 05, 2009 11:22 am

Re: Share your net worth progression

Post by e5116 »

poker27 wrote: Thu Nov 19, 2020 10:36 am
Independent George wrote: Thu Nov 19, 2020 10:14 am
angelescrest wrote: Wed Nov 18, 2020 8:20 pm Really interesting thanks for sharing. I’ve had very similar experiences with 2008, and about the same savings rate. So you think 1.2 will work for you at age 55? I’m assuming I need to get to age 59, but I hope I’m wrong about that.
I have a pretty simple calculation - my current monthly budget is roughly $3,500, or 42,000 per year. With $1.2M (inflation adjusted), a 3.5% withdrawal rate equals 42,000/year - and without a mortgage or Roth IRA contributions, that leaves me with a pretty hefty surplus to enjoy or gift as I see fit. Beyond that, there's really not much I can control besides my savings rate, so I expect to adjust as I go, but 1.2M debt-free is a pretty straightforward and attainable goal.
orjones wrote: Thu Nov 19, 2020 1:48 am Uses conservative calculation including only existing equity against purchase price of home (not the market value at time of purchase or now).

ETA: How do people generally account for their mortgage / home value when calculating NW for these posts? All assets for 2019 would be $517,500 and in 2020 would be $648,000. Debt is all mortgage. But I'm not sure if my way of accounting for the house is unusual here or no, so thought I'd mention.
That's pretty much what I do - the lesser of purchase price or FMV. In my case, as the condo I bought for $260k was appraised for $195k when I refinanced last year, so that's what I use in my calculation. Going forward, I'll use the Zillow estimate, which matched the appraisal almost exactly ($196k vs $195k).
This seems much more realistic to me then the typical response here. And from a fellow Chicagoan!
Also a Chicagoan! I do get jealous when I see many people increase their net worth on here due to significant home price appreciation. Here in Chicago, not so much. The worst performer of the Case-Shiller 20 over the last 15 years (maybe Detroit, depending on the exact timing)....prices still at like 2004 levels most places (unless you bought in West Loop in like 2012).

I am not figuring in any price appreciation in my future plans but hope it at least matches inflation. I bought five years ago and while most cities have appreciated considerably in that time, we're basically flat (of course some variance depending on exact locality).
Count of Notre Dame
Posts: 229
Joined: Fri Oct 11, 2013 1:08 pm

Re: Share your net worth progression

Post by Count of Notre Dame »

megerman wrote: Tue Nov 17, 2020 3:15 pm No one to share this with aside from my spouse at home but here's our journey (combined net worth)

Started career in 2014 at age 31 with negative net worth, and combined $230k in student loan debt

2014: Age 31: - $230k. Combined household income $300k.

9/2016: Age 33: 0 networth (paid off student loans)

9/2018: Age 35: $532k (sold first house for some profit)

9/2019: Age 36: $650k

11/2020: Age 37: $1.05 million

Along the way due to our higher income, we've brute force saved, and maximized all accounts like 401k, 457b, HSA, Back door roth IRA, and have been able to open a solo401k this year with even more savings contributions. My yearly income has increased in the past year as well to $440k.

We both grew up in low to middle class households so we never thought we'd see the day we'd hit $1 million networth. Having a late start to our careers has been offset by our high earning potential.

You've all been a source of motivation ever since I started taking an interest in our finances 6 years ago, thank you all!
Extremely similar situation to yours (37 and $1.3M). My wife is the doctor and I have worked in the financial industry since college. She makes 3x the money I do now but I joke with her if we compare ourselves she still hasn't caught up financially, due to not making good money until age 30, and not only deferring saving money but also accruing debt.

Kudos to you for paying off the student loans. We paid off ~$300k by age 37, but we also had kids in our late 20s and bought a house much earlier than others.
stocknoob4111
Posts: 1587
Joined: Sun Jan 07, 2018 12:52 pm

Re: Share your net worth progression

Post by stocknoob4111 »

Net worth update (Liquid only, no hard assets):

8/31/2018 $499,084 << Started Tracking (Age 44)
12/31/2018 $472,230
12/31/2019 $648,531
11/16/2020 $783,881 << All time high :beer (Age 46)

I'm making progress but that first million is so hard to reach... :annoyed I lost $230,000 in March when the market crashed, thankfully I held on for dear life :mrgreen:
KillerPortfolio
Posts: 13
Joined: Fri Mar 29, 2019 7:41 pm

Re: Share your net worth progression

Post by KillerPortfolio »

I am posting today both to show progression but also to celebrate a huge milestone. I am still in disbelief that we are where we are and I feel like something doesn't add up, but I checked each account and the numbers are correct. Numbers before 2016 are approximations. I haven't tracked income very well so that's also an approximation. Numbers are for wife and I.

End of Year -------- Income -------- Investments
2012 -------- -------- $56k ------------- <$10k
2013 -------- -------- $120k ------------- $40k
2014 -------- -------- $150k(???) -------- $100k(???)
2015 -------- -------- $150k(???) -------- $100k(???)
2016 -------- -------- $160k(???) -------- $153k
2017 -------- -------- $165k(???) -------- $278k
2018 -------- -------- $180k(???) -------- $425k
2019 -------- -------- $190k ------------- $775k (~200k inheritance)
2020 (Nov) --- ------ $205k ------------- $1.0M (unbelievable)

We've inherited close to $300k from a trust which did a final distribution in 2019 so that will go away in the future. Would have rather kept our family member and not gotten the trust though. We also have a paid-off home in a nice area with good schools that we bought for $180k 5 years ago that is worth more now.

I'm still not sure how we are at 1M given that net contributions for the year are just over $100k and VTSAX is only up about 10% YTD. ($775k*110% + $100k = $950k). We did some opportunistic buying with my wives 401(k) and then just invested monthly like we usually do.

Lately I've been feeling kind of down about my career and income. I always get excellent reviews but I don't feel like I'm advancing at the same rate as my peers and I assume that my peers are getting paid more than I am (early 30's, $105k). Writing this out definitely has me feeling extremely grateful.

Thank you Bogleheads!
moneybags
Posts: 38
Joined: Wed Jul 13, 2011 4:55 am

Re: Share your net worth progression

Post by moneybags »

Posted in this thread almost exactly a year ago.

Net worth is shared with spouse, as of Jan1:
2010: -20K (Loans, Graduated University)
2011: <0
2012: <0
2013: 0
2014: 20k (Married)
2015: 40k
2016: 55k (Single Income -> Dual Income)
2017: 160k
2018: 290k
2019: 470k
2020: 756k
Today (11/20/20): 1.18M
Ressy
Posts: 3
Joined: Thu Oct 22, 2020 10:31 pm

Re: Share your net worth progression

Post by Ressy »

Figure i would add mine

1.1.2018: 358.8k
1.1.2019: 462.6k
1.1.2020: 558.1k
11.21.2020: 658.5k
User avatar
abuss368
Posts: 22062
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!
Contact:

Re: Share your net worth progression

Post by abuss368 »

This is an incredible and inspiring thread.
John C. Bogle: “Simplicity is the master key to financial success."
shamhouse
Posts: 9
Joined: Tue Apr 01, 2014 8:50 pm

Re: Share your net worth progression

Post by shamhouse »

1987 - 0 - Joined Navy
1988 - 0 - Married DW
1993 - 0 - First child
1995 - 0 - Second Child
1996 - 0- Sold first house in CA at a loss after being in debt for 6 years to live there!
1998 - 0 - Third Child
1999 - 10,000 - Took orders to overseas location for 5 years.
2004 - 40,000 - Returned to USA and started thinking about saving.
2009 - 1750,00 - Investing and saving regularly. Retired from Navy and started stressing out about the next chapter.
2010 - 250,000
2011 - 260,000
2012 - 600,000 - sales job started working out.
2013 - 675,000
2020 - 1.4MD - Paid for 3 college educations, relocated family twice and still carrying a mortgage for the short-term.

I think the comment about the detailed records people are keeping is really telling. I am an avid excel user and have found that my record keeping gives me perspective about my goals and my results. I have been fortunate on my journey and expect to retire in 5 years at 59 1/2. I see my children as more aware of their finances and future already, at least 10-15 years ahead of the time I realized how important it was. I tell them it is your own choice to be in charge of your future and the sooner you begin, the better your result.

Cheers!
leenaerts
Posts: 28
Joined: Sun Sep 02, 2018 2:15 pm

Re: Share your net worth progression

Post by leenaerts »

2016 6k (100% bitcoin)
2017 -20k (100% bitcoin) - graduated 70k salary. Married
2018 - 80k (50% bitcoin, 50% UPRO) -1st baby
2019 - 180k (40% house, 30% bitcoin, 30% UPRO) - bought house, salary raised to 125k. 2nd baby
2020 - 620k (15% house, 60% bitcoin, 25% UPRO) - some small bitcoin projects and investments that paid off
2021 could end up at 300k or 2M. Have some risky investments
PhillyPhan
Posts: 103
Joined: Wed Nov 28, 2012 9:35 am

Re: Share your net worth progression

Post by PhillyPhan »

KillerPortfolio wrote: Fri Nov 20, 2020 9:27 pm I am posting today both to show progression but also to celebrate a huge milestone. I am still in disbelief that we are where we are and I feel like something doesn't add up, but I checked each account and the numbers are correct. Numbers before 2016 are approximations. I haven't tracked income very well so that's also an approximation. Numbers are for wife and I.

End of Year -------- Income -------- Investments
2012 -------- -------- $56k ------------- <$10k
2013 -------- -------- $120k ------------- $40k
2014 -------- -------- $150k(???) -------- $100k(???)
2015 -------- -------- $150k(???) -------- $100k(???)
2016 -------- -------- $160k(???) -------- $153k
2017 -------- -------- $165k(???) -------- $278k
2018 -------- -------- $180k(???) -------- $425k
2019 -------- -------- $190k ------------- $775k (~200k inheritance)
2020 (Nov) --- ------ $205k ------------- $1.0M (unbelievable)

We've inherited close to $300k from a trust which did a final distribution in 2019 so that will go away in the future. Would have rather kept our family member and not gotten the trust though. We also have a paid-off home in a nice area with good schools that we bought for $180k 5 years ago that is worth more now.

I'm still not sure how we are at 1M given that net contributions for the year are just over $100k and VTSAX is only up about 10% YTD. ($775k*110% + $100k = $950k). We did some opportunistic buying with my wives 401(k) and then just invested monthly like we usually do.

Lately I've been feeling kind of down about my career and income. I always get excellent reviews but I don't feel like I'm advancing at the same rate as my peers and I assume that my peers are getting paid more than I am (early 30's, $105k). Writing this out definitely has me feeling extremely grateful.

Thank you Bogleheads!
Congrats on 2 commas! When you say the 300k will go away what were you referring to?
Also, I am with you on the career and income sentiment, I also feel that way at times but it is nice to have a sizable portfolio to look at as a sense of accomplishment.
Normchad
Posts: 1451
Joined: Thu Mar 03, 2011 7:20 am

Re: Share your net worth progression

Post by Normchad »

KillerPortfolio wrote: Fri Nov 20, 2020 9:27 pm I am posting today both to show progression but also to celebrate a huge milestone. I am still in disbelief that we are where we are and I feel like something doesn't add up, but I checked each account and the numbers are correct. Numbers before 2016 are approximations. I haven't tracked income very well so that's also an approximation. Numbers are for wife and I.

End of Year -------- Income -------- Investments
2012 -------- -------- $56k ------------- <$10k
2013 -------- -------- $120k ------------- $40k
2014 -------- -------- $150k(???) -------- $100k(???)
2015 -------- -------- $150k(???) -------- $100k(???)
2016 -------- -------- $160k(???) -------- $153k
2017 -------- -------- $165k(???) -------- $278k
2018 -------- -------- $180k(???) -------- $425k
2019 -------- -------- $190k ------------- $775k (~200k inheritance)
2020 (Nov) --- ------ $205k ------------- $1.0M (unbelievable)

We've inherited close to $300k from a trust which did a final distribution in 2019 so that will go away in the future. Would have rather kept our family member and not gotten the trust though. We also have a paid-off home in a nice area with good schools that we bought for $180k 5 years ago that is worth more now.

I'm still not sure how we are at 1M given that net contributions for the year are just over $100k and VTSAX is only up about 10% YTD. ($775k*110% + $100k = $950k). We did some opportunistic buying with my wives 401(k) and then just invested monthly like we usually do.

Lately I've been feeling kind of down about my career and income. I always get excellent reviews but I don't feel like I'm advancing at the same rate as my peers and I assume that my peers are getting paid more than I am (early 30's, $105k). Writing this out definitely has me feeling extremely grateful.

Thank you Bogleheads!
That’s fantastic! Congratulations on your success!
KillerPortfolio
Posts: 13
Joined: Fri Mar 29, 2019 7:41 pm

Re: Share your net worth progression

Post by KillerPortfolio »

PhillyPhan wrote: Sat Nov 21, 2020 2:57 pm
KillerPortfolio wrote: Fri Nov 20, 2020 9:27 pm I am posting today both to show progression but also to celebrate a huge milestone. I am still in disbelief that we are where we are and I feel like something doesn't add up, but I checked each account and the numbers are correct. Numbers before 2016 are approximations. I haven't tracked income very well so that's also an approximation. Numbers are for wife and I.

End of Year -------- Income -------- Investments
2012 -------- -------- $56k ------------- <$10k
2013 -------- -------- $120k ------------- $40k
2014 -------- -------- $150k(???) -------- $100k(???)
2015 -------- -------- $150k(???) -------- $100k(???)
2016 -------- -------- $160k(???) -------- $153k
2017 -------- -------- $165k(???) -------- $278k
2018 -------- -------- $180k(???) -------- $425k
2019 -------- -------- $190k ------------- $775k (~200k inheritance)
2020 (Nov) --- ------ $205k ------------- $1.0M (unbelievable)

We've inherited close to $300k from a trust which did a final distribution in 2019 so that will go away in the future. Would have rather kept our family member and not gotten the trust though. We also have a paid-off home in a nice area with good schools that we bought for $180k 5 years ago that is worth more now.

I'm still not sure how we are at 1M given that net contributions for the year are just over $100k and VTSAX is only up about 10% YTD. ($775k*110% + $100k = $950k). We did some opportunistic buying with my wives 401(k) and then just invested monthly like we usually do.

Lately I've been feeling kind of down about my career and income. I always get excellent reviews but I don't feel like I'm advancing at the same rate as my peers and I assume that my peers are getting paid more than I am (early 30's, $105k). Writing this out definitely has me feeling extremely grateful.

Thank you Bogleheads!
Congrats on 2 commas! When you say the 300k will go away what were you referring to?
Also, I am with you on the career and income sentiment, I also feel that way at times but it is nice to have a sizable portfolio to look at as a sense of accomplishment.
Thank you! The way I wrote it is very confusing. I meant that we were beneficiaries of a trust with yearly distributions and last year was the final distribution of ~$200k shown. In total I estimate that we have received close to ~$300k, that includes the yearly distributions and the final distribution.

I do wonder how many people with the better career trajectories have a portfolio like ours.
KillerPortfolio
Posts: 13
Joined: Fri Mar 29, 2019 7:41 pm

Re: Share your net worth progression

Post by KillerPortfolio »

Normchad wrote: Sat Nov 21, 2020 2:58 pm
KillerPortfolio wrote: Fri Nov 20, 2020 9:27 pm I am posting today both to show progression but also to celebrate a huge milestone. I am still in disbelief that we are where we are and I feel like something doesn't add up, but I checked each account and the numbers are correct. Numbers before 2016 are approximations. I haven't tracked income very well so that's also an approximation. Numbers are for wife and I.

End of Year -------- Income -------- Investments
2012 -------- -------- $56k ------------- <$10k
2013 -------- -------- $120k ------------- $40k
2014 -------- -------- $150k(???) -------- $100k(???)
2015 -------- -------- $150k(???) -------- $100k(???)
2016 -------- -------- $160k(???) -------- $153k
2017 -------- -------- $165k(???) -------- $278k
2018 -------- -------- $180k(???) -------- $425k
2019 -------- -------- $190k ------------- $775k (~200k inheritance)
2020 (Nov) --- ------ $205k ------------- $1.0M (unbelievable)

We've inherited close to $300k from a trust which did a final distribution in 2019 so that will go away in the future. Would have rather kept our family member and not gotten the trust though. We also have a paid-off home in a nice area with good schools that we bought for $180k 5 years ago that is worth more now.

I'm still not sure how we are at 1M given that net contributions for the year are just over $100k and VTSAX is only up about 10% YTD. ($775k*110% + $100k = $950k). We did some opportunistic buying with my wives 401(k) and then just invested monthly like we usually do.

Lately I've been feeling kind of down about my career and income. I always get excellent reviews but I don't feel like I'm advancing at the same rate as my peers and I assume that my peers are getting paid more than I am (early 30's, $105k). Writing this out definitely has me feeling extremely grateful.

Thank you Bogleheads!
That’s fantastic! Congratulations on your success!
Thank you!
KillerPortfolio
Posts: 13
Joined: Fri Mar 29, 2019 7:41 pm

Re: Share your net worth progression

Post by KillerPortfolio »

leenaerts wrote: Sat Nov 21, 2020 2:29 pm 2016 6k (100% bitcoin)
2017 -20k (100% bitcoin) - graduated 70k salary. Married
2018 - 80k (50% bitcoin, 50% UPRO) -1st baby
2019 - 180k (40% house, 30% bitcoin, 30% UPRO) - bought house, salary raised to 125k. 2nd baby
2020 - 620k (15% house, 60% bitcoin, 25% UPRO) - some small bitcoin projects and investments that paid off
2021 could end up at 300k or 2M. Have some risky investments
That's a very interesting portfolio. Congratulations on your success. I don't mean this in a snarky way at all: I'm surprised that you're posting on Bogleheads given that you have 0% of your portfolio in index funds. Good for you that it's worked out.
User avatar
beernutz
Posts: 387
Joined: Sun May 31, 2015 12:50 pm

Re: Share your net worth progression

Post by beernutz »

I don't go more than 10 days without calculating our net worth. I have the process down to about 10 minutes including logging into and/or checking online:
Schwab
Vanguard
TIAA
Regions
Zillow - saved homes
check Fedex stock value

Current net worth is $3.44 million broken down as
68% retirement accounts
15% real estate equity
17% liquid assets
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. --Will Rogers
leenaerts
Posts: 28
Joined: Sun Sep 02, 2018 2:15 pm

Re: Share your net worth progression

Post by leenaerts »

KillerPortfolio wrote: Sat Nov 21, 2020 4:25 pm
leenaerts wrote: Sat Nov 21, 2020 2:29 pm 2016 6k (100% bitcoin)
2017 -20k (100% bitcoin) - graduated 70k salary. Married
2018 - 80k (50% bitcoin, 50% UPRO) -1st baby
2019 - 180k (40% house, 30% bitcoin, 30% UPRO) - bought house, salary raised to 125k. 2nd baby
2020 - 620k (15% house, 60% bitcoin, 25% UPRO) - some small bitcoin projects and investments that paid off
2021 could end up at 300k or 2M. Have some risky investments
That's a very interesting portfolio. Congratulations on your success. I don't mean this in a snarky way at all: I'm surprised that you're posting on Bogleheads given that you have 0% of your portfolio in index funds. Good for you that it's worked out.
UPRO is a leveraged index fund? I'm not really picking stocks. 1 I don't think I'm any better than the market. 2. It takes a lot of research and time that I feel is better to invest in my career. 3. I used to do it a bit, but then there is time that I want to sell and pay higher taxes on it since I didn't own it for a year.
How are people calculating their net worth? Mine is just a rough guess, numbers change every second anyway, but I didn't take into account taxes I would owe if I cash out.
Taxes are also the reason leverage scares me. I'm ok with the risks of leverage, but I don't like the fact that if it goes well I will pay a big share of taxes, if I lose a lot I won't be able to deduct them for many years. The more leverage I put, the bigger this issue. I probably will be able to recover eventually since I am only 26, but it might take a while after a good crash.
e5116
Posts: 619
Joined: Mon Oct 05, 2009 11:22 am

Re: Share your net worth progression

Post by e5116 »

leenaerts wrote: Sat Nov 21, 2020 7:29 pm
KillerPortfolio wrote: Sat Nov 21, 2020 4:25 pm
leenaerts wrote: Sat Nov 21, 2020 2:29 pm 2016 6k (100% bitcoin)
2017 -20k (100% bitcoin) - graduated 70k salary. Married
2018 - 80k (50% bitcoin, 50% UPRO) -1st baby
2019 - 180k (40% house, 30% bitcoin, 30% UPRO) - bought house, salary raised to 125k. 2nd baby
2020 - 620k (15% house, 60% bitcoin, 25% UPRO) - some small bitcoin projects and investments that paid off
2021 could end up at 300k or 2M. Have some risky investments
That's a very interesting portfolio. Congratulations on your success. I don't mean this in a snarky way at all: I'm surprised that you're posting on Bogleheads given that you have 0% of your portfolio in index funds. Good for you that it's worked out.
UPRO is a leveraged index fund? I'm not really picking stocks. 1 I don't think I'm any better than the market. 2. It takes a lot of research and time that I feel is better to invest in my career. 3. I used to do it a bit, but then there is time that I want to sell and pay higher taxes on it since I didn't own it for a year.
How are people calculating their net worth? Mine is just a rough guess, numbers change every second anyway, but I didn't take into account taxes I would owe if I cash out.
Taxes are also the reason leverage scares me. I'm ok with the risks of leverage, but I don't like the fact that if it goes well I will pay a big share of taxes, if I lose a lot I won't be able to deduct them for many years. The more leverage I put, the bigger this issue. I probably will be able to recover eventually since I am only 26, but it might take a while after a good crash.
Use leverage only in your Roth if taxes concern you. I've actually been thinking of doing that.... But have no leverage at all. Whereas your portfolio seems to have a significant chunk of leverage. Of course, if the strategy doesn't pay off, then you've wasted valuable Roth space and can't even deduct your losses. So a risk either way, you just gotta decide which risk you're more comfortable taking.
leenaerts
Posts: 28
Joined: Sun Sep 02, 2018 2:15 pm

Re: Share your net worth progression

Post by leenaerts »

e5116 wrote: Sat Nov 21, 2020 7:47 pm
leenaerts wrote: Sat Nov 21, 2020 7:29 pm
KillerPortfolio wrote: Sat Nov 21, 2020 4:25 pm
leenaerts wrote: Sat Nov 21, 2020 2:29 pm 2016 6k (100% bitcoin)
2017 -20k (100% bitcoin) - graduated 70k salary. Married
2018 - 80k (50% bitcoin, 50% UPRO) -1st baby
2019 - 180k (40% house, 30% bitcoin, 30% UPRO) - bought house, salary raised to 125k. 2nd baby
2020 - 620k (15% house, 60% bitcoin, 25% UPRO) - some small bitcoin projects and investments that paid off
2021 could end up at 300k or 2M. Have some risky investments
That's a very interesting portfolio. Congratulations on your success. I don't mean this in a snarky way at all: I'm surprised that you're posting on Bogleheads given that you have 0% of your portfolio in index funds. Good for you that it's worked out.
UPRO is a leveraged index fund? I'm not really picking stocks. 1 I don't think I'm any better than the market. 2. It takes a lot of research and time that I feel is better to invest in my career. 3. I used to do it a bit, but then there is time that I want to sell and pay higher taxes on it since I didn't own it for a year.
How are people calculating their net worth? Mine is just a rough guess, numbers change every second anyway, but I didn't take into account taxes I would owe if I cash out.
Taxes are also the reason leverage scares me. I'm ok with the risks of leverage, but I don't like the fact that if it goes well I will pay a big share of taxes, if I lose a lot I won't be able to deduct them for many years. The more leverage I put, the bigger this issue. I probably will be able to recover eventually since I am only 26, but it might take a while after a good crash.
Use leverage only in your Roth if taxes concern you. I've actually been thinking of doing that.... But have no leverage at all. Whereas your portfolio seems to have a significant chunk of leverage. Of course, if the strategy doesn't pay off, then you've wasted valuable Roth space and can't even deduct your losses. So a risk either way, you just gotta decide which risk you're more comfortable taking.
I don't have a Roth.
Do have a 401k that I borrow 50% from to be able to leverage it more. Not thinking of retirement but it is pretty much free money in my 401k. Company doubles X amount of money and I borrow X out again.

Never thought about a Roth ira.
I am not thinking about retirement. Likely will run my own business one day and might need every cent of my equity for it. If it's in a Roth ira all earnings are stuck there forever until you are like 60?
For the rest it looks interesting to avoid some taxes, paying 10% fine might end up being cheaper than paying taxes. Anything else I need to think of concerning this?
leenaerts
Posts: 28
Joined: Sun Sep 02, 2018 2:15 pm

Re: Share your net worth progression

Post by leenaerts »

leenaerts wrote: Sat Nov 21, 2020 8:58 pm
e5116 wrote: Sat Nov 21, 2020 7:47 pm
leenaerts wrote: Sat Nov 21, 2020 7:29 pm
KillerPortfolio wrote: Sat Nov 21, 2020 4:25 pm
leenaerts wrote: Sat Nov 21, 2020 2:29 pm 2016 6k (100% bitcoin)
2017 -20k (100% bitcoin) - graduated 70k salary. Married
2018 - 80k (50% bitcoin, 50% UPRO) -1st baby
2019 - 180k (40% house, 30% bitcoin, 30% UPRO) - bought house, salary raised to 125k. 2nd baby
2020 - 620k (15% house, 60% bitcoin, 25% UPRO) - some small bitcoin projects and investments that paid off
2021 could end up at 300k or 2M. Have some risky investments
That's a very interesting portfolio. Congratulations on your success. I don't mean this in a snarky way at all: I'm surprised that you're posting on Bogleheads given that you have 0% of your portfolio in index funds. Good for you that it's worked out.
UPRO is a leveraged index fund? I'm not really picking stocks. 1 I don't think I'm any better than the market. 2. It takes a lot of research and time that I feel is better to invest in my career. 3. I used to do it a bit, but then there is time that I want to sell and pay higher taxes on it since I didn't own it for a year.
How are people calculating their net worth? Mine is just a rough guess, numbers change every second anyway, but I didn't take into account taxes I would owe if I cash out.
Taxes are also the reason leverage scares me. I'm ok with the risks of leverage, but I don't like the fact that if it goes well I will pay a big share of taxes, if I lose a lot I won't be able to deduct them for many years. The more leverage I put, the bigger this issue. I probably will be able to recover eventually since I am only 26, but it might take a while after a good crash.
Use leverage only in your Roth if taxes concern you. I've actually been thinking of doing that.... But have no leverage at all. Whereas your portfolio seems to have a significant chunk of leverage. Of course, if the strategy doesn't pay off, then you've wasted valuable Roth space and can't even deduct your losses. So a risk either way, you just gotta decide which risk you're more comfortable taking.
I don't have a Roth.
Do have a 401k that I borrow 50% from to be able to leverage it more. Not thinking of retirement but it is pretty much free money in my 401k. Company doubles X amount of money and I borrow X out again.

Never thought about a Roth ira.
I am not thinking about retirement. Likely will run my own business one day and might need every cent of my equity for it. If it's in a Roth ira all earnings are stuck there forever until you are like 60?
For the rest it looks interesting to avoid some taxes, paying 10% fine might end up being cheaper than paying taxes. Anything else I need to think of concerning this?
Nevermind. It looks like I would still owe taxes on earnings in a Roth ira if I get it out before 60.
rationalactor
Posts: 5
Joined: Sat Oct 31, 2020 8:48 am

Re: Share your net worth progression

Post by rationalactor »

Financial assets:
1995 (age 26): $50,000
2000 (age 31): $250,000
2010 (age 41): $4.0 million
2020 (age 51): $8.5 million

Real estate:
2010: $1.25 million
2020: $4.0 million

Tons of education and hard work for spouse and me; good fortune riding the twin waves of tech and globalization
User avatar
Hawaiishrimp
Posts: 490
Joined: Tue Apr 14, 2015 4:13 am

Re: Share your net worth progression

Post by Hawaiishrimp »

rationalactor wrote: Sat Nov 21, 2020 9:09 pm Financial assets:
1995 (age 26): $50,000
2000 (age 31): $250,000
2010 (age 41): $4.0 million
2020 (age 51): $8.5 million

Real estate:
2010: $1.25 million
2020: $4.0 million

Tons of education and hard work for spouse and me; good fortune riding the twin waves of tech and globalization
Congrats on your success!! Awesome performance over time! :sharebeer
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
leenaerts
Posts: 28
Joined: Sun Sep 02, 2018 2:15 pm

Re: Share your net worth progression

Post by leenaerts »

rationalactor wrote: Sat Nov 21, 2020 9:09 pm Financial assets:
1995 (age 26): $50,000
2000 (age 31): $250,000
2010 (age 41): $4.0 million
2020 (age 51): $8.5 million

Real estate:
2010: $1.25 million
2020: $4.0 million

Tons of education and hard work for spouse and me; good fortune riding the twin waves of tech and globalization
Financial assets mainly stocks?
rationalactor
Posts: 5
Joined: Sat Oct 31, 2020 8:48 am

Re: Share your net worth progression

Post by rationalactor »

leenaerts wrote: Sat Nov 21, 2020 9:32 pm
rationalactor wrote: Sat Nov 21, 2020 9:09 pm Financial assets:
1995 (age 26): $50,000
2000 (age 31): $250,000
2010 (age 41): $4.0 million
2020 (age 51): $8.5 million

Real estate:
2010: $1.25 million
2020: $4.0 million

Tons of education and hard work for spouse and me; good fortune riding the twin waves of tech and globalization
Financial assets mainly stocks?
Yes. Approx 75/25 equity to fixed income ratio.
neb2020
Posts: 3
Joined: Sun Nov 22, 2020 3:48 am

Re: Share your net worth progression

Post by neb2020 »

Nice and timely topic. I just broke the $1mil barrier net worth this year!!!

Started tracking back in 2010:

2010 (age 25): $40k
2011: $57k
2012: $78k
2013: $100k

Then in 2014, I started to track my extra earnings from a side gig which never got invested into my portfolio (it went get to the side gig). So the numbers in brackets are my portfolio and side gig earnings

2014: $140k ($145k)
2015: $186k ($216k)
2016: $252k ($340k)
2017: $328k ($489k)
2018: $416k ($621k)
2019: $535k ($763k)
2020: $744k ($990k)

Including my extra cash and emergency fund, definitely broke $1mil sometime this year!
DXLLL
Posts: 8
Joined: Mon Jan 16, 2012 6:59 am

Re: Share your net worth progression

Post by DXLLL »

I began my investing journey in 2010 at age 21 thanks to the guidance of a smart and financially responsible father.

All investments/IRA are with Vanguard.

Year Income Net Worth @Jan.31

2010 ~$25k $0k
2011 ~$80k $12k
2012 ~$80k $55k
2013 ~$90k $101k
2014 ~$85k $162k
2015 ~$75k $197k
2016 ~$45k $218k
(Went part-time in 2016 to make time for pursuing a new passion)
2017 ~$40k $242k
(Purchased a house in 2017 with help as part of inheritance)
2018 ~$50k $780k
2019 ~$50k $850k
(Quit job completely summer of 2019 to start a business and continue to pursue alternate career)
Nov.22 2020 ~$45k $930k

Age: 32/single/no kids


I am lucky in a lot of ways, including having help with the home purchase that clearly accelerated my NW progression.

While I do not have as high an income as most bogleheads, I did manage to save most of it the first few years of my investing journey. Had I focused on increasing my income and earning potential early, I would probably be even farther along. But I chose to sacrifice income to pursue something that made me happy. We’ll see how I feel about the decision in another 10 years...
User avatar
abuss368
Posts: 22062
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!
Contact:

Re: Share your net worth progression

Post by abuss368 »

neb2020 wrote: Sun Nov 22, 2020 3:56 am Nice and timely topic. I just broke the $1mil barrier net worth this year!!!

Started tracking back in 2010:

2010 (age 25): $40k
2011: $57k
2012: $78k
2013: $100k

Then in 2014, I started to track my extra earnings from a side gig which never got invested into my portfolio (it went get to the side gig). So the numbers in brackets are my portfolio and side gig earnings

2014: $140k ($145k)
2015: $186k ($216k)
2016: $252k ($340k)
2017: $328k ($489k)
2018: $416k ($621k)
2019: $535k ($763k)
2020: $744k ($990k)

Including my extra cash and emergency fund, definitely broke $1mil sometime this year!
Congrats and welcome to the best forum on the net! Keep it up!
John C. Bogle: “Simplicity is the master key to financial success."
poker27
Posts: 820
Joined: Mon Apr 01, 2013 2:48 pm

Re: Share your net worth progression

Post by poker27 »

e5116 wrote: Thu Nov 19, 2020 7:22 pm
poker27 wrote: Thu Nov 19, 2020 10:36 am
Independent George wrote: Thu Nov 19, 2020 10:14 am
angelescrest wrote: Wed Nov 18, 2020 8:20 pm Really interesting thanks for sharing. I’ve had very similar experiences with 2008, and about the same savings rate. So you think 1.2 will work for you at age 55? I’m assuming I need to get to age 59, but I hope I’m wrong about that.
I have a pretty simple calculation - my current monthly budget is roughly $3,500, or 42,000 per year. With $1.2M (inflation adjusted), a 3.5% withdrawal rate equals 42,000/year - and without a mortgage or Roth IRA contributions, that leaves me with a pretty hefty surplus to enjoy or gift as I see fit. Beyond that, there's really not much I can control besides my savings rate, so I expect to adjust as I go, but 1.2M debt-free is a pretty straightforward and attainable goal.
orjones wrote: Thu Nov 19, 2020 1:48 am Uses conservative calculation including only existing equity against purchase price of home (not the market value at time of purchase or now).

ETA: How do people generally account for their mortgage / home value when calculating NW for these posts? All assets for 2019 would be $517,500 and in 2020 would be $648,000. Debt is all mortgage. But I'm not sure if my way of accounting for the house is unusual here or no, so thought I'd mention.
That's pretty much what I do - the lesser of purchase price or FMV. In my case, as the condo I bought for $260k was appraised for $195k when I refinanced last year, so that's what I use in my calculation. Going forward, I'll use the Zillow estimate, which matched the appraisal almost exactly ($196k vs $195k).
This seems much more realistic to me then the typical response here. And from a fellow Chicagoan!
Also a Chicagoan! I do get jealous when I see many people increase their net worth on here due to significant home price appreciation. Here in Chicago, not so much. The worst performer of the Case-Shiller 20 over the last 15 years (maybe Detroit, depending on the exact timing)....prices still at like 2004 levels most places (unless you bought in West Loop in like 2012).

I am not figuring in any price appreciation in my future plans but hope it at least matches inflation. I bought five years ago and while most cities have appreciated considerably in that time, we're basically flat (of course some variance depending on exact locality).
I'm in the Wicker Park/ East Village. Bought in 2012 when the economy was a little again, so likely so some quick gains in value, but its been stagnant for a while at this point. Love the city, but not sure about the long term prospects around here. I have a lot of friends in Austin, Nashville, and the Bay Area that are grinning ear to ear with their gains.
bigtex
Posts: 301
Joined: Fri Jan 26, 2018 10:34 am

Re: Share your net worth progression

Post by bigtex »

2013: Age: 22, Household Income:$81k, Net Worth: $-2k
2014: Income: $82k, NW: $43k
2015: Income: $88k, NW: $74k
2016: Income: $92k, NW: $122k
2017: Income: $95k, NW: $176k
2018: Income: $98k, NW: $205k
2019: Income: $62k, spouse stay at home with kids NW: $254k
2020: Income: $66k, NW: $282k

Notes: Saved all of spouse income each year for house down payment and student loan payoff. Once spouse stayed home, maxing 401k each year. Even with switch to one earner household and young kids, net worth is still climbing at consistent rate. I don’t foresee any windfalls or big salary jumps in my future. Just hoping to consistently save and keep the net worth growing. Aiming for millionaire by age 40. Ten years to go.
barnaclebob
Posts: 4247
Joined: Thu Aug 09, 2012 10:54 am

Re: Share your net worth progression

Post by barnaclebob »

leenaerts wrote: Sat Nov 21, 2020 7:29 pm Taxes are also the reason leverage scares me. I'm ok with the risks of leverage, but I don't like the fact that if it goes well I will pay a big share of taxes, if I lose a lot I won't be able to deduct them for many years. The more leverage I put, the bigger this issue. I probably will be able to recover eventually since I am only 26, but it might take a while after a good crash.
Paying taxes is never a reason to not make money. You will always come out ahead by making money and paying more taxes than if you didnt make that money in the first place. People will occasionally spout the same nonsense about not wanting a raise because it will put them in a higher tax bracket.

It would be a dream to always be paying a ton of short term gains and be in a high tax bracket.

Also you get to deduct carry forward losses against gains so you dont have to wait many years to deduct them. You only have to wait to deduct them agaisnt ordinary income.
DoctorPhysics
Posts: 154
Joined: Sun Jun 07, 2015 12:50 pm

Re: Share your net worth progression

Post by DoctorPhysics »

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Hawaiishrimp
Posts: 490
Joined: Tue Apr 14, 2015 4:13 am

Re: Share your net worth progression

Post by Hawaiishrimp »

bigtex wrote: Mon Nov 23, 2020 10:14 am 2013: Age: 22, Household Income:$81k, Net Worth: $-2k
2014: Income: $82k, NW: $43k
2015: Income: $88k, NW: $74k
2016: Income: $92k, NW: $122k
2017: Income: $95k, NW: $176k
2018: Income: $98k, NW: $205k
2019: Income: $62k, spouse stay at home with kids NW: $254k
2020: Income: $66k, NW: $282k
Very impressive progress. Stay invested and stay healthy! :sharebeer
I save and invest my money, so money can make money for me, so I don't have to make money eventually.
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