Share your net worth progression

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goos_news
Posts: 186
Joined: Mon Jun 10, 2019 7:14 pm
Location: Northern California/French Riviera

Re: Share your net worth progression

Post by goos_news »

madams135 wrote: Wed Sep 21, 2022 10:19 am I'll share my 8 year journey quickly. Started in 2014 literally broke with no job at 26 YO. 60k student loan debt and a leased vehicle i shouldn't have been paying for. Moved for a new entry level tech job, and now on my 8th anniversary at said job to the day, here is where I stand: Paid off student loans, bought a cheap reliable Toyota cash, worked countless hours of overtime every week (60-75 hrs) and saved religiously (not for the faint of heart). Last year I bought a 560k dream home with 20% downpayment that I solely raised and married my wife in that back yard. With my current Cash, Investments, and home equity, my current networth is ~$500k. I'm quite proud of what I was able to accomplish in those 8 years, but it was a lot of sacrifice. Now with a baby on the way, will start to take the foot off the gas a bit and enjoy life a bit more as I front loaded the finances for the family and the wife's professional career is taking off. Of course, Bogleheads were instrumental in their advice, guidance, and experience. I thank you immensely :sharebeer
Congratulations on your progress so far! And congratulations on the marriage and baby on the way. You two seem well set, with the right perspective. Continued well wishes.
FishEarly
Posts: 22
Joined: Mon Jan 21, 2019 10:46 pm

Re: Share your net worth progression

Post by FishEarly »

I've enjoyed reading this thread over the last few months and the personal journeys behind it. It always gives me inspiration to stay the course and keep investing. With the market down quite a bit this year what better time to contribute :happy
My wife and I turn 55 this year. We've made a lot of mistakes during our investing lifetimes, but we've generally lived below our means and try to pay ourselves first every month. I've been very fortunate to have a spouse on this journey who is fairly frugal. We're eyeing retirement within the next 5 years. I started really tracking our net worth in April of 2019 using personal capital. Here's our progression since then;
April 2019: $5.1M
Jan 2020: $6.5M
Jan 2021: $7.9M
Jan 2022: $8.5M
Sept 2022: $8.9M (down from a peak of $9.2 earlier this year)

When it comes to spending larger sums of money I've tried to live the motto of "only purchasing items that appreciate over time". We've avoided new cars, expensive hobbies, etc., but we do have a boat that we enjoy immensely every summer. Everyone talks about plane tickets on this forum, so I'll add that I've never flown first class...just always seemed like a waste of money even though I'm 6'4" :D
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ray.james
Posts: 1731
Joined: Tue Jul 19, 2011 4:08 am

Re: Share your net worth progression

Post by ray.james »

madams135 wrote: Wed Sep 21, 2022 10:19 am I'll share my 8 year journey quickly. Started in 2014 literally broke with no job at 26 YO. 60k student loan debt and a leased vehicle i shouldn't have been paying for. Moved for a new entry level tech job, and now on my 8th anniversary at said job to the day, here is where I stand: Paid off student loans, bought a cheap reliable Toyota cash, worked countless hours of overtime every week (60-75 hrs) and saved religiously (not for the faint of heart). Last year I bought a 560k dream home with 20% downpayment that I solely raised and married my wife in that back yard. With my current Cash, Investments, and home equity, my current networth is ~$500k. I'm quite proud of what I was able to accomplish in those 8 years, but it was a lot of sacrifice. Now with a baby on the way, will start to take the foot off the gas a bit and enjoy life a bit more as I front loaded the finances for the family and the wife's professional career is taking off. Of course, Bogleheads were instrumental in their advice, guidance, and experience. I thank you immensely :sharebeer
Inspiring. Things are only going to pick up pace from here. It might feel like childcare and other family expenses will keep you from saving as much as you did, but the tailwind is real and keeps the boat keeping pace.
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
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ray.james
Posts: 1731
Joined: Tue Jul 19, 2011 4:08 am

Re: Share your net worth progression

Post by ray.james »

FishEarly wrote: Fri Sep 23, 2022 4:19 pm I've enjoyed reading this thread over the last few months and the personal journeys behind it. It always gives me inspiration to stay the course and keep investing. With the market down quite a bit this year what better time to contribute :happy
My wife and I turn 55 this year. We've made a lot of mistakes during our investing lifetimes, but we've generally lived below our means and try to pay ourselves first every month. I've been very fortunate to have a spouse on this journey who is fairly frugal. We're eyeing retirement within the next 5 years. I started really tracking our net worth in April of 2019 using personal capital. Here's our progression since then;
April 2019: $5.1M
Jan 2020: $6.5M
Jan 2021: $7.9M
Jan 2022: $8.5M
Sept 2022: $8.9M (down from a peak of $9.2 earlier this year)

When it comes to spending larger sums of money I've tried to live the motto of "only purchasing items that appreciate over time". We've avoided new cars, expensive hobbies, etc., but we do have a boat that we enjoy immensely every summer. Everyone talks about plane tickets on this forum, so I'll add that I've never flown first class...just always seemed like a waste of money even though I'm 6'4" :D
Fantastic growth! Are you conservative in investments since the drop is small relative to market/real estate drops happening?
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
FishEarly
Posts: 22
Joined: Mon Jan 21, 2019 10:46 pm

Re: Share your net worth progression

Post by FishEarly »

We have quite a bit of real estate, 4 investment properties that we rent out in 3 different states/vacation destinations. Earlier this year we sold one of the properties for quite a bit more than I had it valued at which was a boost to our net worth this year. We've also contributed quite a bit to our stock and bonds on a monthly basis. We're about 65/35 right now. I haven't calculated how much we've "lost" this year and I prefer not to. When the markets are doing poorly I just put my head in the sand and try not to look. 2000-2001 and 2008-2009 taught me quite a bit about investing. Like I said, I've made my fair share of poorly timed emotional decisions when it comes to investing :oops: Very happy to have found this forum back in 2019 :sharebeer
Carousel
Posts: 260
Joined: Thu Aug 02, 2018 3:06 pm

Re: Share your net worth progression

Post by Carousel »

theplayer11 wrote: Sat Aug 20, 2022 4:16 pm net worth figure is meaningless to me as my real estate is staying in the family.
below is retirement savings from family income never above $150K

Progression:
2006-$130.4(41 years old)
...
2022 YTD- $1243.6
This is the post that really resonated with me. Well done!
dogbones
Posts: 167
Joined: Sun Jun 27, 2021 11:52 am

Re: Share your net worth progression

Post by dogbones »

techcrium wrote: Tue May 13, 2014 10:14 am I am curious to know how the bogleheads got wealthy, what was your salary + savings rate at your early age.

For me, had $3,000 or so at 18 (working various jobs)

saved up $30,000 at 23 (again various jobs and parents paid tuition)
This is when I purchased my first stock (JNJ at $54)

Currently:
$100,000 at 27 (100% equities and thanks to bull market; split between ETFS, indexes, and individual stocks)


EDIT: So for me, it is
2005: $3,000 (age 18) (worked at McD; KFC, etc earning $9/hour)
2010: $30,000 (age 23) (worked as intern in the summer earning $13-15/hour)
2014: $100,000 (age 27) (fulltime position earning 44,000 a year)

Edit: 2017 update
2017: $430,000 (age 30)(fulltime position earning $62,000 a year)
2018: $600,000 (age 31)
2019: $700,000 (age 32)
2020: $920,000 (age 33)
How inspiring to read so many of these! So, I started full time work around age 22-23, luxury of living home until 28 when we married. I was ignorant with money, didn't start pre-tax investments right away but proud to start when I did to today we completely max everything we can. Saved roughly $50,000 each by living home pre-marriage, jump starting our down payments, furnishes, etc. Below includes info I kept (sept of that year) at the time (investments, IRAs, salary, assets) to today which is more detailed (I'm sure this isn't entirely to the dollar):

pre-2014 - working both full time career and part time retail. Enjoyed spending what I needed but saved knowing the future
2014: 90,000 + 45,000 down payment - age 28, married, came together with about $50,000 in cash + whatever pensions were worth; new home purchased (200k mortgage at 3.5%)
2018: doubling mortgage payments for some reasons
2019: 264,000 (started really documenting data this year to track spending/investing)
2020: 444,000 (age 34)
2021: 617,000
Sept 2022: 630,000

Our total in our accounts (checking, savings, retirement, 529s, etc) is only down about 5,000 from this time last year. My numbers do not factor value of our home today vs what we bought it for (worth 185k more today than 8 years ago) but how much equity we have in it
san1
Posts: 57
Joined: Thu Feb 21, 2019 8:17 am

Re: Share your net worth progression

Post by san1 »

This is a truly inspiring thread and a delight to read.
I kind of became boglehead in last 3 years or so, thus I almost had no Market exposure outside of 401K before that.
I have net worth estimated data starting when I was 27 (from marriage).

ye 2005 - 24k (bought primary home-foreign country)
ye 2011 - 278k (bought first rental-foreign country)
ye 2016 - 378k (bought primary home-US)
ye 2019 - 515k
ye 2020 - 690k
Ye 2021 - 1M ...took 16 years to reach here :(

My keys have been a living way below my means, mostly consistent savings- initially indirectly via mortgages and recently 401K, Roth, Taxable, never took any debt except mortgages. The real estate blessed us (Nice appreciation on all three properties).

The NW is skewed towards Real Estate as I knew no better before becoming bogle head thus almost 50% locked in home/rentals, However I am not sure if I would have reached 1M without the real estate.
boston10
Posts: 57
Joined: Sun Aug 21, 2016 9:44 am

Re: Share your net worth progression

Post by boston10 »

boston10 wrote: Wed Sep 04, 2019 7:25 am The last 5 years have been pretty good...

1/2015 (age 25): in debt
7/2015 (age 26): $5k
1/2016 (age 26): $11k
7/2016 (age 27): $45k
1/2017 (age 27): $73k (purchased home)
7/2017 (age 28): $90k
1/2018 (age 28): $103k
7/2018 (age 29): $91k (employment gap)
1/2019 (age 29): $115k
7/2019 (age 30): $134k
Continued progression:
1/2020 (age 30): $180k
7/2020 (age 31): $225k (purchased second home)
1/2021 (age 31): $245k
7/2021 (age 32): $325k
1/2022 (age 32): $380k
7/2022 (age 33): $430k
Normchad
Posts: 4255
Joined: Thu Mar 03, 2011 7:20 am

Re: Share your net worth progression

Post by Normchad »

boston10 wrote: Sun Sep 25, 2022 10:53 am
boston10 wrote: Wed Sep 04, 2019 7:25 am The last 5 years have been pretty good...

1/2015 (age 25): in debt
7/2015 (age 26): $5k
1/2016 (age 26): $11k
7/2016 (age 27): $45k
1/2017 (age 27): $73k (purchased home)
7/2017 (age 28): $90k
1/2018 (age 28): $103k
7/2018 (age 29): $91k (employment gap)
1/2019 (age 29): $115k
7/2019 (age 30): $134k
Continued progression:
1/2020 (age 30): $180k
7/2020 (age 31): $225k (purchased second home)
1/2021 (age 31): $245k
7/2021 (age 32): $325k
1/2022 (age 32): $380k
7/2022 (age 33): $430k
Solid progress! I love it!
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