Author Topic: How much has your Net Worth increased since starting MMM?  (Read 3621 times)

mountainfamily

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Re: How much has your Net Worth increased since starting MMM?
« Reply #50 on: September 26, 2017, 10:22:39 PM »
Wow, some people have really big numbers. I still owe $48,000 in student loans, so that drags my numbers down a bit.

August 2015: -$76000 (Yes, that's a negative number.)
September 2017: +$25000 (including equity from my house)

I'd be further along if my wife hadn't been sick and unable to work for a year and a half and if I didn't have to pay 5.25% interest on my student loans, but overall I'm doing pretty well.

Finding MMM has made a huge difference in my life.

Basically you've turned things around by over $100,000 in a little over 2 years.  Hot damn that's awesome!  Working out of a hole (debt) is actually much harder than building wealth from zero.

Totally agree. You rock!

frugalnacho

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Re: How much has your Net Worth increased since starting MMM?
« Reply #51 on: September 28, 2017, 10:48:43 AM »
I think I found MMM in March 2014.   It took us a couple months to get tracking everything, so my earliest net worth entry is May 2017.

May 2014 - $132.7k
Sept 2017 - $417.7k

an increase of $285k in 28 months40 months.  That's absurd! I never earned more than $70k/yr until I got a raise last month.  Some of that was due to using outdated home values for the 2 houses we used, so mid stream I changed over so it would automatically pull the value from zillow, and that represents a good chunk of that increase, but it's still impressive to me none-the-less.  We also managed to pay for IVF (my wife got a job and saved for a couple years to offset this cost).  I love watching my net worth line trend upwards each month.  Most of that pink debt is mortgages on two houses, one of which we just sold.  My graph should change drastically in the coming months, but it's all just reshuffling and the net worth line should stay where it is, steadily creeping ever higher.

The 3 lines above it are inflation adjusted baseline spending pegged to 2014 dollars.  Will be glorious day when my yellow net worth line starts crossing over those thresholds.

« Last Edit: October 02, 2017, 07:34:17 AM by frugalnacho »

Livinginthemountains

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Re: How much has your Net Worth increased since starting MMM?
« Reply #52 on: September 28, 2017, 03:42:16 PM »
I've just discovered MMM this year. Prior I've been on the DR plan. So I had a paid off house with a worth of $150k and I had an emergency fund of $20k. Just this year I started my Roth with Vanguard and maxed it out at $5500 and I have another $5500 saved and ready to be deposited come January.  So my NW went up $11k in one year.Not bad considering I am low income. Only changes I've made are stopped using my car and stopped being a consumer.

TexasBrit

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Re: How much has your Net Worth increased since starting MMM?
« Reply #53 on: Today at 07:38:38 AM »
Great thread for us to look back and see how far we’ve come!

Joined Jan 2014 with NW of $141k
Oct 2017 NW of $730k

I would never have gotten here without MMM and this forum. Sold a cash flow negative rental house for a tidy profit and keep investing into the market. Frugal is the new norm for me now,
I couldn’t imagine spending like I used to.

DieHard_772

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Re: How much has your Net Worth increased since starting MMM?
« Reply #54 on: Today at 08:06:38 AM »
$23,000 increase in our net worth since November 2015.  MMM had a lot to do with this, for even this somewhat modest amount probably would not have happened if I had not discovered this blog.



Freedomin5

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Re: How much has your Net Worth increased since starting MMM?
« Reply #55 on: Today at 08:23:50 AM »
Oct 2015 - $220k
Oct 2017 - $500k

Whoa...I thought I calculated wrong and had to double check my numbers.