Author Topic: Net worth increase 2017 (i.e. the 'present' you give yourself)  (Read 103400 times)

tomsang

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #200 on: January 18, 2015, 08:53:05 AM »
2013 ~$255k
2014 ~$306k

I am new to MMM, so hopefully my self inflicted face punch will get my ass in gear to make that number jump much closer to $100k for 2015.

But in my defense we did also pay off about $65k of "debt" in 2014 as well.


Paying off debt increases your net worth. Net worth is assets minus liabilities.

Siobhan

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #201 on: January 18, 2015, 10:29:56 AM »
I'd count a military pension as cash flow, not an addition to net worth.  For starters it's awfully hard to sell (if not downright illegal) and for another nobody would give you what it's really worth.

But if you want to put a number on it, you could start with the equivalent monthly income that you'd get from a portfolio of I bonds.  They're paying 1.48% for another few months (https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm) but they get the same COLA and they're exempt from state/locality taxes.  It's not a very good analogy, but it's close enough.

http://the-military-guide.com/2011/03/17/present-value-estimate-of-a-military-pension/

Oh, and remember to adjust that calculation for the Survivor Benefits Plan.  I'm not sure how to do that, but you could hypothetically stretch out that cashflow for many decades.

It seems like you're really saying the same thing I'm saying. Like me, you're considering it to be a guarantee, while Siobhan is focusing on hypothetical changes that will, at worst, nibble at the margins. If anything's safe, it is that pension. The second someone starts questioning the pension, I'll question the heck out of stocks, bonds, and real estate. I still assert that we're talking serious social issues before we're talking major changes (IE enough to seriously change your FIRE spending) to the military pension for retirees. Token increases to Tricare are a joke...And belong on the spending side of the equation, as does SBP (insurance - you can't tell me that car or life insurance should be subtracted from NW). And PS they need to make retirees pay more for Tricare - I don't want rich retirees putting active benefits at risk, nor do I want them pulling more from the taxpayer than they need.

Nice, I'm not questioning the pension, we are simply not relying on it in our future planning since there are a large number of unknowns going forward 40 years that are completely out of our control.  With stocks bonds etc, you have control to sell and stuff your cash in a mattress if that's your thing to maintain NW.  With a pension, you don't have that option.  All I'm saying is a pension shouldn't be calculated as a part of NW because there is no way to put an accurate number on it and a large possibility of that value changing over the years.

Frankly active duty should be paying for Tricare too if they have families. I can see it free for the soldier but we should be paying for spouse and dependent coverage while active. 

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #202 on: January 18, 2015, 12:24:51 PM »
+$200k. Went from $1.79M to $1.99M.

Will have $2M by the end of this month.

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #203 on: January 18, 2015, 02:26:31 PM »
Nice, I'm not questioning the pension, we are simply not relying on it in our future planning since there are a large number of unknowns going forward 40 years that are completely out of our control.  With stocks bonds etc, you have control to sell and stuff your cash in a mattress if that's your thing to maintain NW.  With a pension, you don't have that option.  All I'm saying is a pension shouldn't be calculated as a part of NW because there is no way to put an accurate number on it and a large possibility of that value changing over the years.

Frankly active duty should be paying for Tricare too if they have families. I can see it free for the soldier but we should be paying for spouse and dependent coverage while active.

Those same unknowns are far worse when it comes to stocks and bonds. There's also a large possibility of the value of stocks and/or bonds changing over the years. All of these unknowns and/or changes are infinitely larger when talking about the markets as opposed to the pension.

Completely agree on the Tricare side. In fact, I support rank-indexed premiums for all active duty unless they are deployed or assigned overseas. There's no reason an O-6 can't throw down a small monthly premium (let's say a few hundred a month) for very generous health care. Start it at the E-6 and O-1 levels respectively, then increase based upon rank/pay.
« Last Edit: January 18, 2015, 11:32:44 PM by NICE! »

Freedom2016

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #204 on: January 18, 2015, 06:48:04 PM »
2011: +67k
2012: +30k
2013: +203k
2014: +353k

2015 should be +150-200k. As a basically self-employed person we have "feast or famine" cycles in my industry which explains the vast differences between years.
« Last Edit: January 18, 2015, 10:49:34 PM by course11 »

frogstomp81

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #205 on: January 19, 2015, 01:47:17 AM »
Estimated 97k increase. My company switched 401k providers mid-year and I didn't go back to the beginning of the year to get a starting amount. I just used my contributions + company match for that part of the calculation.

fartface

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #206 on: January 19, 2015, 11:33:11 AM »
Net Worth

1997: $13,385

2000: $87,890

Had three babies and didn't track the stash between 2001 - 2004

2005: $240,000
2006: $308,000
2007: $325,000

2008 - 2009 CRASH lost my records on an old computer hard drive, but I'm secretly glad I can't find these numbers - know they were terrible

2010: $383,000
2011: $512,000
2012: $585,000
2013: $650,000 +DH FIRE'd @ age 43 & I found MMM

2014: $755,000

Ambergris

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #207 on: January 20, 2015, 10:07:43 AM »
Lots of people with really impressive, big changes this last year or so. I'm a single person, earning <70k for most of this time, so mine is not so impressive,  but here we go:

Dec 2012: 353197
Dec 2013: 477301
Dec 2014: 521288

So nice, but only about a 44k increase for the last year. Can't say I'm complaining, though :)

wing117

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #208 on: January 22, 2015, 07:47:01 AM »
Almost to the six figures, but not quite!

Jan of 2013: -$8,200
Jan of 2014: $34,101
Jan of 2014: $80,405 (So far)

46.3K increase. Not bad!

Pooplips

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #209 on: January 22, 2015, 12:39:17 PM »
Student loans are a bitch.

Before tracking I was way negative my wife and I with a load of student loans.

4/4/13 -$44k
12/27/13 -$18k
11/26/14 +$32k


Laeklar

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #210 on: January 22, 2015, 01:29:24 PM »
I agree about student loans... :(

Net Worth 12/27/13: -$343,441
Net Worth 12/26/14: -$279,390

Net worth improvement from end of 2013 to end of 2014: $64,051... Only 4+ years to go to hit $0 net worth if I keep on my current trajectory... *sigh*

mm1970

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #211 on: January 22, 2015, 01:59:31 PM »
Hm.
2013: $1.69M
2014: $1.92M

Glenstache

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #212 on: January 22, 2015, 03:22:09 PM »
I agree about student loans... :(

Net Worth 12/27/13: -$343,441
Net Worth 12/26/14: -$279,390

Net worth improvement from end of 2013 to end of 2014: $64,051... Only 4+ years to go to hit $0 net worth if I keep on my current trajectory... *sigh*

Yikes that's a lot of student loans. I hope you have a good career out of it. Good job on churning on working them down, though. Keep it up.

dunhamjr

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #213 on: January 22, 2015, 05:23:28 PM »
Paying off debt increases your net worth. Net worth is assets minus liabilities.

yeah i screwed up.  i was posting up numbers just from my investment accounts.
i just moved over to mint (nov/dec) and dont really have much in the way of accurate net worth numbers.

mint is telling me my net worth Jan 2015 is $532k.
i will have to be sure to watch this so i can make sure it hits at least $632k next year.

LiveLean

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #214 on: January 23, 2015, 01:44:57 PM »
Net worth up 20 percent in 2014 despite one of worst years income wise ever. (I've been self-employed since 1999). Combination of stock market appreciation and hitting a home run on a foreclosure that will be a rental property/second home for now and a future FIRE home when I'm not living in a Sprinter Van.

Of course, I spent far more time than usual in 2014 on my investments and assets, which contributed to lesser year of income. I plan to take the same approach in 2015.

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anz.sp

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #215 on: November 16, 2015, 01:16:59 AM »
All amounts in AUD. Moving to a low tax country two years ago helped the savings rate significantly. Also I took 6 months off work in 2015.

2012: 312k
2013: 432k
2014: 678k
2015: 818k (as of Nov 1st)


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Feefers

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #216 on: November 18, 2015, 08:27:04 PM »
New to the forum!

Jan 2014: $3,500
Jan 2015: $16,000
Nov 2015:$57,800


CanIndian

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #217 on: November 19, 2015, 09:36:23 AM »
Nov 2011: -15,000 (debt -35,000)
Dec 2012: 1,000 (debt -30,000) hit positive NW.
Dec 2013: 10,200
Dec 2014: 48,500
Dec 2015: 90000 expected
Moving to a developed country from a developing one mid 2013 and hitting the 6 figure GAI benchmark immediately afterwards helped raise the savings rate and NW higher.

So the increase of 41500 for 2015 is the highest NW increase for me, as has been the norm for mostly everyone on this forum.

stacheasaurus

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #218 on: November 19, 2015, 10:54:02 AM »
Pretty new to the forum! 

Jan 2015: -11.5k
Nov 2015: 2k

increase of $13.5k!
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Vertical Mode

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #219 on: November 19, 2015, 11:14:17 AM »
2014: ~$72k
2015: ~$97k

~35% by my math. Pretty good year!
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marty998

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #220 on: November 19, 2015, 07:24:35 PM »
Who necro'd this thread? Anyway while it's here, I'll edit the 1st post to 2015...

Come on guys and gals, spill the beans. How well did you do this year.

I started at around $419k and will end at about $534k. An increase of ~115k to the bucket.

Pretty good year :D though I actually had a bigger 2013 due to some higher shares and property value gains.

2012 - $295k
2013 - $419k
2014 - $534k

20 November 2015 I'm at $704,000. Hovering around this $700 mark with sharemarkets going down and up.

2016 is going to be pretty ordinary in comparison, and I'll tippie toe my way to about $775,000. There won't be any realestate  gains at all - they may even be negative.

Tjat

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #221 on: November 19, 2015, 07:33:44 PM »
2014: $255K
2015: $388K

Increase of $133K. We renovated the house a bit in 2014, so some of that is driven by a real estate increase of about $40K.

mr_orange

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #222 on: November 19, 2015, 09:42:35 PM »
2014 Ending - $1,013,000
2015 Ending (Projected) - $1,204,000

Increase should be roughly $191k or so; our best year to date.  We were hoping for a grander increase, but some sales have slipped into 2016 we were expecting to book profits for this year.  I'm hoping to clear $500k or more in net worth gains for next year assuming the stock market and Austin real estate market don't tank. 
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Fire Totals:                                   Fire Projections:
-$7k/month - 68.1% Funded             86.1% Funded
-$8k/month - 59.6% Funded             75.4% Funded
-$9k/month - 53.0% Funded             67.0% Funded
-$10k/month - 47.7% Funded           60.3% Funded

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Pooperman

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #223 on: November 20, 2015, 05:29:28 AM »
Beginning of the year: ~19k
July 14th (last day before first paycheck after being unemployed): ~7k (value of my car)
End of 2014: ~25k

End of 2015 looks to be around $57,500.

Travelling Biologist

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #224 on: November 20, 2015, 06:40:37 AM »
Some amazing increases! Am waiting on our very late pension statement for the year to post our update.

2Birds1Stone

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #225 on: November 20, 2015, 07:04:10 AM »
Didn't do too well this year. Mainly due to poor investment choices before discovering MMM and a pay cut at the old job.

1/2010 - $15,000
1/2011 - $30,000
1/2012 - $45,000
1/2013 - $65,000
1/2014 - $90,000
1/2015 - $105,500
1/2016 - 158,000 (Projected)

w00h00 +$53,000 / +50.2% this year
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Pooplips

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #226 on: November 20, 2015, 07:55:22 AM »
Student loans are a bitch.

Before tracking I was way negative my wife and I with a load of student loans.

4/4/13 -$44k
12/27/13 -$18k
11/26/14 +$32k

11/20/2015 - (+)$ 92,790 Amazing year in 2015.

FrugalLakes

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #227 on: November 20, 2015, 09:10:37 AM »
This was my first year following MMM and tracking net worth.  2015 increase of 39,000.


Moving towards financial independence one step at a time.

Goal: FIRE 1/1/2026

spud1987

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #228 on: November 20, 2015, 10:16:24 AM »
1/1/15 we were around 600k (my Mint accounts were messed up recently so I'm not exactly sure)

1/1/16 projected to be around 820k

Not bad for a flat market! Although we did probably earn about 20k in combined rental/dividend income. Plus I got lucky with an option trade back in August and that earned me about 4k in gains.

Bracken_Joy

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #229 on: November 20, 2015, 10:21:58 AM »
1/1/15- $0
11/20/15- $29,800

We haven't been tracking long, but January marked $0 net worth, which is a convenient starting point. (We didn't combine finances fully until this year, so before that, numbers are unclear).

We're now at just around $30k, depending on how the market is going. Hoping to finish the year around $33k, but we will see.

I think $30k in one year isn't too shabby, considering we make about $90k per year, paid two months of overlapping rent, and got married.
« Last Edit: November 20, 2015, 10:24:21 AM by Bracken_Joy »
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Vertical Mode

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #230 on: November 20, 2015, 10:31:04 AM »
1/1/15- $0
11/20/15- $29,800

We haven't been tracking long, but January marked $0 net worth, which is a convenient starting point. (We didn't combine finances fully until this year, so before that, numbers are unclear).

We're now at just around $30k, depending on how the market is going. Hoping to finish the year around $33k, but we will see.

I think $30k in one year isn't too shabby, considering we make about $90k per year, paid two months of overlapping rent, and got married.

Not too shabby at all. Great work! The hardest part is getting the ball rolling at the beginning, when your contributions move the needle the most.
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Bracken_Joy

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #231 on: November 20, 2015, 10:49:56 AM »
1/1/15- $0
11/20/15- $29,800

We haven't been tracking long, but January marked $0 net worth, which is a convenient starting point. (We didn't combine finances fully until this year, so before that, numbers are unclear).

We're now at just around $30k, depending on how the market is going. Hoping to finish the year around $33k, but we will see.

I think $30k in one year isn't too shabby, considering we make about $90k per year, paid two months of overlapping rent, and got married.

Not too shabby at all. Great work! The hardest part is getting the ball rolling at the beginning, when your contributions move the needle the most.

Yeah, unfortunately (or fortunately?) the NW is split by about $45k student loans (debt!) and $75k assets. So depending on how the market goes, we could grow pretty quickly next year. Of course, we also plan to buy a house, so there's that...

It is interesting to see people's NW without context, because I feel like $0 in general is very different from $100k in debt plus $100k assets, depending on what the rates on your loans are like!

PS- thank you =) This mustachianism thing really works!
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sol

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #232 on: November 20, 2015, 12:07:05 PM »
The year is not quite over yet, but it looks like we're on track  for our net worth to increase by 85% of our reported gross income, despite only having a savings rate of around 60%. 

I always exclude my primary residence from these calculations though, because I expect to always have a home (and its associated expenses) and so I don't anticipate selling.  If I were to include it, it would be more like 98% of income.

KittyFooFoo

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #233 on: November 20, 2015, 12:24:42 PM »
The year is not quite over yet, but it looks like we're on track  for our net worth to increase by 85% of our reported gross income, despite only having a savings rate of around 60%. 

I always exclude my primary residence from these calculations though, because I expect to always have a home (and its associated expenses) and so I don't anticipate selling.  If I were to include it, it would be more like 98% of income.

Sorry, what does this mean exactly?  You saved 60% of net, probably kept your taxes down, and then had some other asset appreciation (maybe other real estate?) which bumped your NW increase to 85% gross?

sol

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #234 on: November 20, 2015, 12:30:39 PM »
Sorry, what does this mean exactly?  You saved 60% of net, probably kept your taxes down, and then had some other asset appreciation (maybe other real estate?) which bumped your NW increase to 85% gross?

We saved/contributed about 60% of gross income (53% to 68%, depending on how you count it) and returns on assets already owned made up the rest of the gains to our net worth. Stocks didn't do so great this year, so it was mostly real estate this time around.

TheFirstMan

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #235 on: November 23, 2015, 01:13:18 PM »
Fun thread!

We're up 142K to 416K in 2015, with a month to go, on a gross income this calendar year of 75K.

Woot!

mrteacher

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #236 on: November 23, 2015, 01:43:41 PM »
Up just under $27k since 1/1/15. I'd really like to hit $30k by the new year; I'll need an especially frugal December combined with some solid market returns.

pharmmm

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #237 on: November 23, 2015, 04:37:03 PM »
Per mint:

November 2014:-280,019
November 2015:-139,713

Change:$140,306

KzooKendrick

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #238 on: November 24, 2015, 05:59:05 AM »
Love this thread! I keep track of my NW monthly in Excel since I graduated college and found MMM.

Here it is:

Dec 2012: -$50K (College Debt + Car Debt)
Dec 2013: -$15K (Sold Car and found MMM)
Dec 2014: +$5K
Dec 2015: +$50K (Projected - Promotion in 2015 didn't hurt either :)

As you can see I found MMM in 2013 and have been going non-stop from there!
« Last Edit: November 24, 2015, 06:01:21 AM by KzooKendrick »

Travelling Biologist

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #239 on: November 24, 2015, 06:17:55 AM »
Per mint:

November 2014:-280,019
November 2015:-139,713

Change:$140,306

That's amazing! Especially when interest works against you rather than with you. I don't know if that pace is sustainable but you will be debt free soon!

the_gastropod

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #240 on: November 24, 2015, 06:26:34 AM »
Per mint:

November 2014:-280,019
November 2015:-139,713

Change:$140,306

That is seriously impressive! Keep on cruisin'!

umterp1999

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #241 on: November 24, 2015, 06:39:21 AM »
Some amazing increases! Am waiting on our very late pension statement for the year to post our update.

How do you factor pension into NW? 

Travelling Biologist

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #242 on: November 24, 2015, 07:04:54 AM »
Some amazing increases! Am waiting on our very late pension statement for the year to post our update.

How do you factor pension into NW?

It probably varies by place of employment but we are fully vested in our pension, which means if we left our jobs today or FIRED, we could take that money with us. We contribute 8% of gross salary per month, and our employer contributes a 6% match. Every year, they send us a pension statement in the fall that includes those amounts plus the performance of the pension investments based on market conditions. So we only know the true amount once a year, which is a bummer when trying to keep track of NW, but it is fun to add that big chunk once a year. Except they are already over one month late in getting us the numbers this year and I am itching to update our NW number!

Zaga

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #243 on: November 24, 2015, 08:26:10 AM »
So far this year has been slower than the last 3 for net worth growth.  Obviously I don't trust any numbers until it's Jan 1, the market has been far too volatile.

Our savings rate is looking like it will be a tiny bit higher than our best year before this, so yay!

sparky28

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #244 on: November 24, 2015, 08:33:56 AM »
Nov '13 - $104k
Nov '14 - $142k
Nov '15 - $183k

Day to day, sometimes feel like I'm treading water, it's great to look at the bigger picture.

umterp1999

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #245 on: November 24, 2015, 09:17:03 AM »
Some amazing increases! Am waiting on our very late pension statement for the year to post our update.

How do you factor pension into NW?

It probably varies by place of employment but we are fully vested in our pension, which means if we left our jobs today or FIRED, we could take that money with us. We contribute 8% of gross salary per month, and our employer contributes a 6% match. Every year, they send us a pension statement in the fall that includes those amounts plus the performance of the pension investments based on market conditions. So we only know the true amount once a year, which is a bummer when trying to keep track of NW, but it is fun to add that big chunk once a year. Except they are already over one month late in getting us the numbers this year and I am itching to update our NW number!

I see, my employer only sends out projected monthly payouts at retirement. 

golfreak12

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #246 on: November 24, 2015, 09:46:28 AM »
==>> End on Nov 2015.

$15,000- Rental house. Value went up. Estimated.
$30,000- Main house value went up. Estimated.
$8,500--  Principles paid down on both houses.
$59,000- Money saved from Income. Part of this was $11,000 tax refund and $5,700 settlement.
$0-          Market was flat this year.
$11,000- IRA from both of us.
$6,0000- HSA savings.
$5,000-   part time gig from my wife.
$6,000-   Gold given from my Mom.
--------------------------------------------------
~$140,500 so far this year. It helps that I hit $100K again this year.
~$503,000 NET WORTH
In the next few years, I will probably earn ~$80,000 so I need to make the money we have now earn money for us.

adam

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #247 on: November 24, 2015, 11:40:18 AM »
Random question:
I know some people include the estimated value of their primary residence in their NW calculations, and some don't. 
What about other 'things'?
Cars?
Boats?
Timeshares?

I ask because I don't include my house, but I do include the above.  Should I switch to solely cash type accounts? I don't have a ton of equity in the house, and the value estimates have been fluctuating wildly over the last 5 years so it just didn't seem worth it.  Cars/toys on the other hand seem to be a little more stable although they obviously decrease in value over time vs what real estate should do.  And in the case of the boat/timeshare they are paid for.  I can fairly easily sell a car or the boat, not so much the house.  I guess the easy answer is not to include any of them but then my number goes down :(

If you include your house, but not this other sort of property, why/why not?

RWD

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #248 on: November 24, 2015, 11:47:55 AM »
Random question:
I know some people include the estimated value of their primary residence in their NW calculations, and some don't. 
What about other 'things'?
Cars?
Boats?
Timeshares?

I ask because I don't include my house, but I do include the above.  Should I switch to solely cash type accounts? I don't have a ton of equity in the house, and the value estimates have been fluctuating wildly over the last 5 years so it just didn't seem worth it.  Cars/toys on the other hand seem to be a little more stable although they obviously decrease in value over time vs what real estate should do.  And in the case of the boat/timeshare they are paid for.  I can fairly easily sell a car or the boat, not so much the house.  I guess the easy answer is not to include any of them but then my number goes down :(

If you include your house, but not this other sort of property, why/why not?

I include my cars. I update the value once per year using KBB. I think this is fair, especially since I have a loan against one vehicle which is more or less offset by the car's value.

I don't have any boats or timeshares.

I don't include any smaller items, but if I sell something I'll count it as a credit towards that expense category. For example, if I sell a camera for $40 then buy a laptop for $500 my accounting will show I spent $460 on electronics (as opposed to having $40 extra in income and $500 in expenses). But this doesn't affect my net worth calculations.

Bracken_Joy

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #249 on: November 24, 2015, 11:52:47 AM »
Random question:
I know some people include the estimated value of their primary residence in their NW calculations, and some don't. 
What about other 'things'?
Cars?
Boats?
Timeshares?

I ask because I don't include my house, but I do include the above.  Should I switch to solely cash type accounts? I don't have a ton of equity in the house, and the value estimates have been fluctuating wildly over the last 5 years so it just didn't seem worth it.  Cars/toys on the other hand seem to be a little more stable although they obviously decrease in value over time vs what real estate should do.  And in the case of the boat/timeshare they are paid for.  I can fairly easily sell a car or the boat, not so much the house.  I guess the easy answer is not to include any of them but then my number goes down :(

If you include your house, but not this other sort of property, why/why not?

I don't count wildly depreciating assets. I'm going to drive my car into the ground, and it will be essentially worthless once it gets to that point. Therefore, I don't count it. When I buy a house though, I intend to have the value the same or higher when I sell. Therefore, I will include it in NW calculations. (Also, I will have a loan on the house- I will need the value to offset the loan cost).
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