This got me thinking back to where I was 9 years ago!
Year 2009
Moved for work 1 year earlier and was not able to unload the house that we bought in 2007
($120K). Was renting it out for a
$200/month loss but didn't think we could afford to take the loss if we sold it.
I am pretty sure we were paying a car payment (we are probably safe to assume
$10k) and probably some kind of CC debt (again probably safe to assume
$3k)
My student loans were probably in the
$30k rangeMy expenses/retirement spreadsheet doesn't start until 2013 and it says I was at 43k at the end of 2013. I know I put in to 401K since before I graduated college but apparently not very much, let's say that in 2009 I was probably at
$20k.That gives us a ballpark of a negative
$143KYear 2018
Still own that house (and it has cost us several pennies lately) but we no longer take a loss on it. We don't make very much from it but it pulls it's own weight most of the time so we will call it a wash
Bought another house (expenses - value =
$100k)
Student loans will be paid off by the end of this year
$0Other debt (alot but all at extremely low intrest rates)
$65kRetirement Investments $
120kBallpark NW =
$155kWow, I need to remember to do this exercise when I feel bummed about our progress not being very fast. That was almost a $300k swing in 9 years. I anticipate the next 9 years to be an even bigger swing.
Congrats
@Gin1984 you are doing great things and moving in the right directions!