Author Topic: How much has your Net Worth increased since starting MMM?  (Read 14230 times)

TheWifeHalf

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Re: How much has your Net Worth increased since starting MMM?
« Reply #100 on: November 12, 2017, 07:40:16 PM »
in 3 days, down about $5000  (paid a bunch of bills yesterday)

Sailor Sam

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Re: How much has your Net Worth increased since starting MMM?
« Reply #101 on: November 12, 2017, 07:51:45 PM »
in 3 days, down about $5000  (paid a bunch of bills yesterday)

I admit it, I laughed. Welcome to the forums.

BeardedMustache

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Re: How much has your Net Worth increased since starting MMM?
« Reply #102 on: November 14, 2017, 12:57:24 PM »
in 3 days, down about $5000  (paid a bunch of bills yesterday)

Wait a minute... that's not how net worth works. If you had $5000 in the bank and $5000 in bills, you had $0 net worth. If you used the cash to pay off the bills, you still had $0 net worth.

caffeine

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Re: How much has your Net Worth increased since starting MMM?
« Reply #103 on: November 14, 2017, 01:04:48 PM »
I've known about MMM since 2013, but I didn't think it was feasible. Respectfully, I considered you all weirdos. Sometime last year, I realized the thought of money stressed me out. I was basically going paycheck to paycheck. Since changing my lifestyle, I feel significantly less stress.

June 2016:
Savings:                  $100
401K:                 $25,000
HSA:                       $300

November 2017:
Savings:               $6,000
401K:                 $50,000
Roth IRA:             $7,500
IRA:                     $5,000
Brokerage:           $4,000
HSA:                    $2,500
« Last Edit: November 15, 2017, 02:52:31 PM by caffeine »

haypug16

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Re: How much has your Net Worth increased since starting MMM?
« Reply #104 on: November 14, 2017, 01:10:09 PM »
Found MMM in March 2017 - Networth has increased by $21K in the 7 months that followed. So glad I found you all :)

Livingthedream55

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Re: How much has your Net Worth increased since starting MMM?
« Reply #105 on: November 16, 2017, 10:01:01 AM »
Doubled plus paid for two kids' college and downsized to an almost paid for house in same time period.



ACyclist

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Re: How much has your Net Worth increased since starting MMM?
« Reply #106 on: November 16, 2017, 12:25:23 PM »
Nov 2016 354K
Nov 2017 528K

<Market gains and getting all our assets uploaded on Mint>

Better look:

Jun 30th 2016 499K
Now 528K

Estimation of 60K a year saved on a 110K annual income  ???

Hard to figure out. 

TheWifeHalf

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Re: How much has your Net Worth increased since starting MMM?
« Reply #107 on: November 16, 2017, 03:07:36 PM »
in 3 days, down about $5000  (paid a bunch of bills yesterday)

Wait a minute... that's not how net worth works. If you had $5000 in the bank and $5000 in bills, you had $0 net worth. If you used the cash to pay off the bills, you still had $0 net worth.

So my net worth is down $5000. The original question was asking about the CHANGE not the amount.

ACyclist

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Re: How much has your Net Worth increased since starting MMM?
« Reply #108 on: November 16, 2017, 03:12:33 PM »
in 3 days, down about $5000  (paid a bunch of bills yesterday)

Wait a minute... that's not how net worth works. If you had $5000 in the bank and $5000 in bills, you had $0 net worth. If you used the cash to pay off the bills, you still had $0 net worth.

So my net worth is down $5000. The original question was asking about the CHANGE not the amount.

Math is hard.  ;)

2Birds1Stone

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Re: How much has your Net Worth increased since starting MMM?
« Reply #109 on: November 16, 2017, 03:39:31 PM »
in 3 days, down about $5000  (paid a bunch of bills yesterday)

debt/bills count against your net worth anyway. So really you just shifted things around ;)

hgjjgkj

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Re: How much has your Net Worth increased since starting MMM?
« Reply #110 on: November 16, 2017, 03:51:49 PM »
-160kish to almost 0 in 1.5 years

Llewellyn2006

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Re: How much has your Net Worth increased since starting MMM?
« Reply #111 on: November 16, 2017, 04:48:45 PM »
I discovered MMM about 9 months ago and this forum even more recently and I have reliable figures from mid 2015 so I'm going to use those if it's not considered cheating in the context of the OP. Our liquid assets in October 2015 were $682k. Now it's around $1,050k. There was a pretty good inheritance in there but the rest has come from saving and investing.

We crossed into 7 figure territory about 6 weeks ago and have been staggered at how quickly it has risen since then.

NinetyFour

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Re: How much has your Net Worth increased since starting MMM?
« Reply #112 on: November 17, 2017, 05:17:02 AM »
I found MMM in April 2013, but my records only go back to September 2013.

9/2013:  $296,114  (Cash + Investments:  $263,788)
9/2017:  $766,596  (Cash + Investments:  $589,517)

Wowsers.

And now $803,225.  So a change of more than half a million since finding MMM.  :)

BeardedMustache

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Re: How much has your Net Worth increased since starting MMM?
« Reply #113 on: November 17, 2017, 08:42:40 AM »
in 3 days, down about $5000  (paid a bunch of bills yesterday)

debt/bills count against your net worth anyway. So really you just shifted things around ;)

This is the point I was trying to convey, the "net" part of net worth.

BeardedMustache

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Re: How much has your Net Worth increased since starting MMM?
« Reply #114 on: November 17, 2017, 08:51:27 AM »
Since June of 2013, my net worth has gone from -$69,000 to $319,000.

Hoping to accelerate gains going forward!

BBub

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Re: How much has your Net Worth increased since starting MMM?
« Reply #115 on: November 17, 2017, 09:39:38 AM »
over $500k in 3 years.

Nov 2014: $186k
Nov 2017: $750k

$564k or 300% growth in 3 years.

Nov 2014 was my first forum post, but I had been lurking for a while before then.  Can't remember the exact date I started reading the blog.  By the time I started posting 3 years ago, we had been on the path for a year or so.


kaypinkHH

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Re: How much has your Net Worth increased since starting MMM?
« Reply #116 on: November 17, 2017, 10:02:36 AM »
Very well done BBub!!

tyort1

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Re: How much has your Net Worth increased since starting MMM?
« Reply #117 on: November 17, 2017, 10:12:58 AM »
-160kish to almost 0 in 1.5 years

As someone that was in debt myself a while back, I find this actually more impressive than the people that started in the hole and dig them selves out.  Well done!  It gets a lot easier from here on out!
Frugalite in training.

BuzzFire

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Re: How much has your Net Worth increased since starting MMM?
« Reply #118 on: November 21, 2017, 04:55:02 PM »
November 2016 $2.53M
Today                $3.18M

Mostly market gains. The snowball is really rolling downhill. Would be bummed to see a correction soon.

Half Stached

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Re: How much has your Net Worth increased since starting MMM?
« Reply #119 on: November 21, 2017, 06:36:56 PM »
Found MMM in Spring 2015, but our first NW calculation was 7/1/2015.

7/1/15: 749,138
11/1/15: 1,451,314

So, 700K increase in just under two and half years.

Slow&Steady

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Re: How much has your Net Worth increased since starting MMM?
« Reply #120 on: November 22, 2017, 07:37:03 AM »
According to my profile I joined the forums in Jan 2016

Dec 2015: $98k (kind of a guess, I only tracked 401k previously)
Est Dec 2017: $179k

I have never liked debt and always contributed towards retirement so not a lot has changed in the last few years except my desire to get out earlier than 60.  I am the only one in the family that is really working towards this at the moment so it makes progress really slow.  We have taken on more very low interest rate debt recently that I am mostly okay with because it aligns with some of my core beliefs on how I want to live my life but if we had not I think my est Dec 2017 NW would be slightly closer to $200k.  I am also looking to convince my husband to buy a rental soon, that will probably be a negative impact on NW (positive monthly cash flow) but only temporarily. 

GoBigRed

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Re: How much has your Net Worth increased since starting MMM?
« Reply #121 on: November 22, 2017, 12:53:08 PM »
Mid 2013-  negative $50,000
Current - +$500,000 (without house equity +$370,000)

Roughly a $550K gain in 5 years due to cutting expenses, paying off debt, maximizing savings and appreciation on house and investments. 

ACyclist

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Re: How much has your Net Worth increased since starting MMM?
« Reply #122 on: November 22, 2017, 01:09:29 PM »
Starting reading articles here Last Spring.  Joined the forum in Oct 217.

Sept 2017  495k
Oct 2017  517k
Nov 2017 531K

Market gains and huge deposits of savings.

moonpalace

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Re: How much has your Net Worth increased since starting MMM?
« Reply #123 on: November 22, 2017, 01:14:50 PM »
Found MMM Jan. 2017.

NW at that point was about $40k.

Today - $127k.

Increase of $87k in 10 months!

More important, likely FIRE date went from "my own funeral" to maybe 2030.

Holy heck! :-)

RelaxationSpecialist

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Re: How much has your Net Worth increased since starting MMM?
« Reply #124 on: November 26, 2017, 08:52:01 AM »
Found MMM 11/2013. Joined forum 4/2014.

Started in a big old hole :: -$197,740.59 (add balance due on primary home, student loans and dumb debt, subtract investments)

Actual starting debt w/out investments was :: -$398,146.60 

Out of the hole and climbing the hill of FIRE :: +$390,969.88 (no more student loans or dumb debt. Add investments subtract balance on mortgage)

Mortgage balance is now -$193,471.82 

STOKED on looking back at how far we have come since then!!! 100% sure we would not be this far ahead were it not for this community!!

sol

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Re: How much has your Net Worth increased since starting MMM?
« Reply #125 on: November 26, 2017, 08:55:23 AM »
These bragging threads are fun.

Just keep in mind that there will come a month, or even a whole year, when your net worth is flat or even negative despite your ongoing contributions.  It's been a wild ride the past few years but things will probably even out a little some day, and it's harder to stay enthusiastically committed to your FI plan when you don't see any progress being made.

Mentally brace yourselves for that day, and commit to riding the wave.  We've all made easy money in the stock market recently, but eventually the market will easily take some of it back, too. 

JLee

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Re: How much has your Net Worth increased since starting MMM?
« Reply #126 on: November 26, 2017, 04:16:18 PM »
These bragging threads are fun.

Just keep in mind that there will come a month, or even a whole year, when your net worth is flat or even negative despite your ongoing contributions.  It's been a wild ride the past few years but things will probably even out a little some day, and it's harder to stay enthusiastically committed to your FI plan when you don't see any progress being made.

Mentally brace yourselves for that day, and commit to riding the wave.  We've all made easy money in the stock market recently, but eventually the market will easily take some of it back, too.

I am hoping that when this day comes, my income will have grown more so I can put even more money in the market while it's down, vs what I am able to put in today. :P

COEE

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Re: How much has your Net Worth increased since starting MMM?
« Reply #127 on: November 26, 2017, 10:59:21 PM »
These bragging threads are fun.

Just keep in mind that there will come a month, or even a whole year, when your net worth is flat or even negative despite your ongoing contributions.  It's been a wild ride the past few years but things will probably even out a little some day, and it's harder to stay enthusiastically committed to your FI plan when you don't see any progress being made.

Mentally brace yourselves for that day, and commit to riding the wave.  We've all made easy money in the stock market recently, but eventually the market will easily take some of it back, too.

Yep - thanks for the reminder - I had just started investing in 2007/2008 and it was tough seeing myself lose money week after week.  I distinctly remember asking my dad if I should keep putting money in.  I'm thankful I did - but it took a while to see that it was the right move.  But back then I was only playing with a few grand - these days it's a bit more.

I don't want to reveal numbers, but since I joined the forum in 4/15, I'm up $155k, representing about 60% of our income during that same time frame.  It would have been a lot more if I hadn't been laid off the last 6 months.  My numbers were also pretty flat between 7/15 and 2/16 also having to do with those two small corrections (Brexit?) during that time frame.  In that time I also sold and bought a house, took a trip to Europe and Africa, and bought 2 cheep cars (which I don't track as assets).

Some people have done really well for themselves!  Some are getting out of 6 digit debt, and some have whole digit multiples of what I'd need to FIRE!  So great to see everyone doing so well!


aceyou

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Re: How much has your Net Worth increased since starting MMM?
« Reply #128 on: November 28, 2017, 12:51:14 PM »
Fall 2014: I was too unorganized financially when I found MMM to even know what my net worth was. 

     Finally got organized enough to calculate it at...

April 2015:  325k

And now, November 2017: 560k

Increase of 235K over the course of 31 months. 

More importantly, I am
 - less stressed
 - going to retire at 48 instead of my late 50's
 - much happier
 - more confident in the future

Thanks MMM

Dave1442397

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Re: How much has your Net Worth increased since starting MMM?
« Reply #129 on: November 28, 2017, 02:57:16 PM »
I found MMM in November 2016, and since then our net worth has gone up $117,591.60, as of today.

MVal

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Re: How much has your Net Worth increased since starting MMM?
« Reply #130 on: November 28, 2017, 08:54:05 PM »
I don't exactly remember, but I started sometime in 2014 with a NW around $15K, I think. My savings only grew by about $2K a year at that time. Now I'm worth well over $100K and in fact, I just crossed into $100K in investments today! I'm so thankful I found this group.
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

Proverbs 13:11
Wealth obtained by fraud dwindles, but the one who gathers by labor increases it.

https://tickers.TickerFactory.com/ezt/t/wGp3WGH/savings.png

Nudelkopf

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Re: How much has your Net Worth increased since starting MMM?
« Reply #131 on: November 29, 2017, 03:26:19 AM »
2012: Negative $10,000 (ish)
2017: Positive $180,000

I found MMM as a uni student well before joining the forums, & finally signed up in May 2012. I was happy to have about $10k in cash saved up & a few thousand in superannuation, but was negative due to my student loans.

After graduating uni (for the 3rd time) in 2013, with $25k in student debt but still with $10k in savings, I put all my MMM skills to the test with my first "real job". In those 4 years I've invested another $150k & my super has gone up to $60k.

(I still have $18k in student loan but they're indexed to inflation, so no plans on paying it off)

FIREby35

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Re: How much has your Net Worth increased since starting MMM?
« Reply #132 on: November 29, 2017, 07:15:56 AM »
I'm at the end and didn't read everyone's but I'm guessing we might be candidates for "most dramatic change."

April 2013 (MMM featured in the Washington Post) to today = 60k to 705k.

I started a business in April 2011. So, it has picked up a lot of steam and our income has grown every year. Still, we've been feeding it to the stash instead of spending it like drunken sailors.

Thanks for the idea to reflect on how blessed I've been over the last 4.5 years.

StarBright

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Re: How much has your Net Worth increased since starting MMM?
« Reply #133 on: November 29, 2017, 07:44:10 AM »
Found this site in summer of 2015 (after the Ramsey forums shut down) but didn't start tracking until Jan 2016 (because that is when DH's 401k started). NW does not include home.

Jan 2016:               $128k
November 2017:     $258k

We were good, solid savers through our 20s and early 30s, but I was VERY inspired by the "Save 50k or 100k" challenge last year and we bumped our savings rate from the 20-30% range to the 40-50% for the last year and a half. That and a ridiculous stock market made a huge difference in less than two years.

MVal

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Re: How much has your Net Worth increased since starting MMM?
« Reply #134 on: November 29, 2017, 07:53:45 AM »
These bragging threads are fun.

Just keep in mind that there will come a month, or even a whole year, when your net worth is flat or even negative despite your ongoing contributions.  It's been a wild ride the past few years but things will probably even out a little some day, and it's harder to stay enthusiastically committed to your FI plan when you don't see any progress being made.

Mentally brace yourselves for that day, and commit to riding the wave.  We've all made easy money in the stock market recently, but eventually the market will easily take some of it back, too.

Very true. The first half of 2016 was like that for me. It was very demoralizing to keep throwing piles of money into my 'stache and it didn't even move the needle for months hardly, but I just kept reminding myself it would pass and I was getting a good deal on things being cheap. Everything this year went gangbusters, so it was worth it. But I know it's only a matter of time before it happens again.
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

Proverbs 13:11
Wealth obtained by fraud dwindles, but the one who gathers by labor increases it.

https://tickers.TickerFactory.com/ezt/t/wGp3WGH/savings.png

davisgang90

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Re: How much has your Net Worth increased since starting MMM?
« Reply #135 on: November 29, 2017, 05:44:03 PM »
Feb 2013 $128K NW
Nov 2017 $443K NW

My NW doesn't include my military pension which will provide the bulk of my spending cash in retirement in 6.5 months.  Wish we'd saved more earlier, but pleased with digging out of debt and enjoying the stock market rise.
Retired 15 June 2018

ElleFiji

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Re: How much has your Net Worth increased since starting MMM?
« Reply #136 on: November 29, 2017, 07:01:16 PM »
I've been around since 2012. That year I went up by about 6k (from zero) after my analysis showed I needed a career change to have the life I want. -28k in summer fall 2017, after finishing my new program. Now I'm holding on at about -12k and continuing up.

This post actually makes me feel a hell of a lot happier about that progress.

Engineer93

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Re: How much has your Net Worth increased since starting MMM?
« Reply #137 on: December 10, 2017, 06:42:20 AM »
August 2016: $280k
November 2017: $380k

Market gains and maxing out retirement accounts

facepalm

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Re: How much has your Net Worth increased since starting MMM?
« Reply #138 on: December 16, 2017, 10:14:06 AM »
I have followed MMM for about a year, but only got serious about 7 months ago.

NW Dec 2016: $123,900
NW Dec 2017: $308,100 (est)

For an increase of $184,200.

Over a third of that is pretax contributions to my 403(b) and 457(b) plans, half is the NPV of my pension that I can actually take with me right now if I quit (that I had no idea about), and the balance is an inheritance plus market gains. I'm guessing I won't see another increase like this ever again.




littlelykke

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Re: How much has your Net Worth increased since starting MMM?
« Reply #139 on: December 17, 2017, 06:05:10 AM »
I found some Dutch (less bad-ass versions) of MMM in my last year of high school. During college I found MMM. So I tried to graduate with as less study loans as I could. We really started going for it 18 months ago.

Our Net Worth then was:
June 2015: -8.400 euro
December 2017: 22.000 euro's

ardrum

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Re: How much has your Net Worth increased since starting MMM?
« Reply #140 on: January 01, 2018, 07:12:27 AM »
Summer of 2015: around -$12,000 :(
Start of 2018: over $92,000
"Stache" Goals by Year End as Multiples of Annual Living Expenses
2018: 6.27x
2019: 8.57x
2020: 10.98x
2021: 13.52x
2022: 16.18x
2023: 18.98x
2024: 21.92x
2025: 25x

MVal

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Re: How much has your Net Worth increased since starting MMM?
« Reply #141 on: January 02, 2018, 10:12:32 AM »
I think I started doing this in about 2014 and had a NW around $20K. I'm now $100K richer than I was at that time!
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

Proverbs 13:11
Wealth obtained by fraud dwindles, but the one who gathers by labor increases it.

https://tickers.TickerFactory.com/ezt/t/wGp3WGH/savings.png

Frugal D

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Re: How much has your Net Worth increased since starting MMM?
« Reply #142 on: January 18, 2018, 02:12:21 PM »
Love reading all of these and congrats to all. It's amazing how easy it is to get rich for anyone who truly wants to.

July 2014 NW: $320k
Today NW: $1,350k

Up to $1,537k. FIRE has gone from this distant abstract idea to something that now feels like it's within grasp. We'll see how the markets treat me this year, but it really feels like I'm on the verge of entering SWAMI status.
The ability to let that which does not matter truly slide.

Parizade

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Re: How much has your Net Worth increased since starting MMM?
« Reply #143 on: January 18, 2018, 07:22:30 PM »
My net worth has quintupled since I joined in 2012
The only things that really matter are music and the moon.

~Ellis Felker




dustinst22

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Re: How much has your Net Worth increased since starting MMM?
« Reply #144 on: January 20, 2018, 11:07:41 PM »
2014: Negative 120 K (approx)

Current: Positive 600 K

Should surpass 1 M this year.

Admittedly, my lifestyle is not as mustachian as it should be, still a work in progress.  My gains have come from my business, paying off all my debt, and good investing (which I learned from the community here).  I still need to work on getting my unnecessary expenses down and overcoming a bit of consumerism addiction.  I'm much better than I used to be with money, but still deserve to be face punched.
« Last Edit: January 20, 2018, 11:23:25 PM by dustinst22 »

Slow&Steady

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Re: How much has your Net Worth increased since starting MMM?
« Reply #145 on: January 22, 2018, 08:06:00 AM »
...
I'm trying now to influence my daughters to figure this out way earlier than I did and become FI while they're young.

Influence as much as possible but make sure you are taking care of your own house too (which it looks like you are).

My dad did not finish school until I was a pre-teen and still carries some of the student loans for doing that (I am mid 30s now), but as soon as he did and got a good job he would talk about (not always to me but just in general) contributing to a 401k.   I am the middle child of 3, and apparently I must have just been at the right age to really take all this in.  I am the only one to get a BS from college and the only one to have always contributed to a 401k (although not very much most of the time).  When I was still in school I worked somewhere that allowed part-time people to contribute to a 401k, I only put 1% into it but I got in the habit of contributing.  Since finishing school I have always put at least matching % into my 401k, but rarely more then that.  Well my parents are now 60 and my 401k reached $100k this month (and I plan to have my SL paid off this year) so I excitedly told my dad about it, come to find out he does not have enough in his to retire (only 2-3x what I have), and even though he started putting money into a non-tax advantaged account several years ago, he pulls money out of it all the time when they want to take a trip or need to help one of my siblings.  They also apparently do not contribute the max to the 401k nor have they ever opened an IRA for either him or my mom but they owe taxes every year.  I now feel like I know understand how these things work better than he does and feel a little lost because I don't really want to share anymore exciting milestones with him because I don't want to make him feel worse about his situation although he would also be the only person in real life that would share my excitement. 

So please encourage your kids but make sure that you are taking care of yourself at the same time.

fmzip

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Re: How much has your Net Worth increased since starting MMM?
« Reply #146 on: January 23, 2018, 11:48:38 AM »
Currently we have $500K saved.  40/60 pre/post retirement accounts


As of yesterday, doubled. Bogleheads and here got me on the right track. Not bad for 50 months :)

Hoping for the next $1M in 144 months, 60/40AA and $24K  per year in savings



« Last Edit: January 23, 2018, 12:03:47 PM by fmzip »
Not looking for face-punches; this is our choice, our life, our plan

fmzip

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  • Posts: 190
  • Location: CT
Re: How much has your Net Worth increased since starting MMM?
« Reply #147 on: January 23, 2018, 12:07:50 PM »
2014: Negative 120 K (approx)

Current: Positive 600 K

Should surpass 1 M this year.

Admittedly, my lifestyle is not as mustachian as it should be, still a work in progress.  My gains have come from my business, paying off all my debt, and good investing (which I learned from the community here). I still need to work on getting my unnecessary expenses down and overcoming a bit of consumerism addiction.  I'm much better than I used to be with money, but still deserve to be face punched.

Great job!  See my signature. Enjoy your life ;)
« Last Edit: January 23, 2018, 12:54:37 PM by fmzip »
Not looking for face-punches; this is our choice, our life, our plan