Author Topic: Net worth increase 2017 (i.e. the 'present' you give yourself)  (Read 103399 times)

johnsmithindustries

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #50 on: December 26, 2014, 07:47:18 PM »
2011: -$22k
2012:  $10k
2013:  $46k
2014: $108k

Broke six figures, which was my goal for 2014.
Livin' the dream

Nudelkopf

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #51 on: December 26, 2014, 08:10:36 PM »
May 2013 -15k (graduated college)
Dec. 2013 -3k
Dec. 2014 24k

27k for the year. Not to shabby. It feels good to be positive again since going to college about 5 years ago.
Yay, someone else with similar figures to me!

23, single, started fulltime work as a teacher after 5yrs of uni at the end of 2013.

2013: -15k (25k of student loans/HECS)
2014: +16k (still 23k of student loan/HECS lol)

Gain of 31k :D

LivingTheory

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #52 on: December 26, 2014, 08:12:06 PM »
You guys are rock stars! Very inspirational.

2010: ($18,000) [Student Loans]
2011: $25,000 [Got Married]
2012: $41,000
2013: $62,000 [Graduated - UCF]
2014: $108,000 [DW Graduated - UCF]

2015 will be our first full year as DINKs. Looking to max an HSA as well as both of our 401(k)'s and IRA's. Taking a hiking trip to CO might derail these plans slightly.

« Last Edit: December 26, 2014, 08:15:13 PM by LivingTheory »

tlsv

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #53 on: December 26, 2014, 08:51:49 PM »
Increase in investments only...we also have a fully paid home worth approx. $500k

2011 - $222,825
2012 - $314,917
2013 - $448,196
2014 - $606,251
« Last Edit: January 02, 2015, 04:25:22 PM by tls »

frogger

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #54 on: December 26, 2014, 09:49:05 PM »
My numbers feel so paltry in comparison to some, but:

Jan. 2012: -14.7K
Jan. 2013: -13.6K
Jan. 2014: 3.5K

2012 to 2013 wasn't great, but in 2013 I found MMM and finished my PhD, and in 2014 started a new job, which lead to a >17K increase and a positive net worth!

robotclown

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #55 on: December 27, 2014, 12:36:21 AM »
Jan 2010:   -6000
Jan 2011:          0   
Jan 2012:  14000
Jan 2013:  34000
Jan 2014:  56000
Jan 2015:  91000


BlueMR2

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #56 on: December 27, 2014, 07:35:23 AM »
We're up a ridiculous 24.2%.  If only the market could keep this up, we could have retired years ago. Alas, I'm still working because this gravy train won't last forever.

Interesting, though, that the birth of the MMM blog so neatly corresponded with a period of great market performance.  I wonder how the blog would be different if we had had five years of stagnation and apparent forward looking SWRs were lower in an environment of benefit cuts. It's easy to preach the joys of investing during a historic bull.

I don't have my final numbers together, but it was a much better year than 2013.  My wife was able to finally find some part time work (not much, but being some place earning money is positive compared to being home consuming money).  We were able to cut expenses more despite some totally off the wall unexpected expenses.  The market is doing well (although, I'm happy either way while working since I'm either making money or buying in cheap).

The downside is that since things *have* gone so well, I don't trust the math as much...  Sure, it *says* I should be solidly able to retire in 2 more (of our old average) years, but...

The good news portion though is that I do still really like my work, so I don't have any plans on retiring right quick.  It's kind of a good feeling knowing that if my job goes away that we should be OK even if we never manage to find work again.  Which seems like a possibility as I know skilled people in my field that have been out of work for 5 years plus now.

KMMK

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #57 on: December 27, 2014, 09:55:33 AM »
I'm personally up about $33,000 or 22% from last year.

DH is probably similar; haven't done all his numbers yet, and I have a harder time calculating his net worth increase as I'm not sure how to account for his pension through work as the exact amount he'll end up getting is unclear.
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dandarc

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #58 on: December 27, 2014, 10:21:59 AM »
I'm personally up about $33,000 or 22% from last year.

DH is probably similar; haven't done all his numbers yet, and I have a harder time calculating his net worth increase as I'm not sure how to account for his pension through work as the exact amount he'll end up getting is unclear.
Is there a lump-sum payout option?  If so, can his work provide a "what if I quit today" and give you the lump-sum he would receive?  If so, that's the number I would use.

rob in cal

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #59 on: December 27, 2014, 10:55:58 AM »
   At the end of 2013 non real estate assets about 330k.
   At the end of 2014 non real estate assets about 385k.
   Much of the growth triggered by passive income, either from a loan repayment that I'm getting, business ownership income, or overall equities growth. 

   Home value probably went from 325 to 340k.

Shamantha

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #60 on: December 27, 2014, 11:03:16 AM »
Wow, these amounts are mindboggling. I am from The Netherlands and do not see any chance for figures like this... The more I read this blog the more I realise the differences, and how my road to financial independence may take longer. Will get there though!

Glenstache

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #61 on: December 27, 2014, 11:26:59 AM »
This is an inspiring thread both for seeing the people on the early parts of the curve making it happen and those that are close to reaching their goals. I bumped up about 21% this year, the lions share of which was aggressively paying down a 6% note on property (saved a lot by not going through a bank, with the associated fees would not make sense to refi as it is now so close to being paid down).

A more satisfying number for me is that the $ increase amount was roughly 3x my 2014 expenses (excluding note payments).

Maxsc2003

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #62 on: December 27, 2014, 01:53:04 PM »
8/2010 - $(16)K
12/2010 - $9K
12/2011 - $50K
12/2012 - $118K
12/2013 - $210K
12/2014 - $372K
Good progress so far, only 29...looking to be over $1M in 3 yrs by 32. $40K more when adding DW.

KMMK

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #63 on: December 27, 2014, 03:11:38 PM »
I'm personally up about $33,000 or 22% from last year.

DH is probably similar; haven't done all his numbers yet, and I have a harder time calculating his net worth increase as I'm not sure how to account for his pension through work as the exact amount he'll end up getting is unclear.
Is there a lump-sum payout option?  If so, can his work provide a "what if I quit today" and give you the lump-sum he would receive?  If so, that's the number I would use.

Yes, I believe there is. But he'd have to talk to HR or whoever about it, and I don't think I could get him to do so as it's not a priority right now as we're still a decade or more away from retirement. We keep our retirement planning separate so I stay out of his stuff for the most part - no nagging just for my anal tracking purposes. His numbers just stay a little vaguer than mine.
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Bateaux

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #64 on: December 27, 2014, 09:29:39 PM »
2013 : 1040945 Investments

2014:  1202000 Investments

Net:  161055 Investments

Debt 3013:  25000

Debt 2014:  0

Real estate:  400000 paid off no increase in value known
« Last Edit: December 27, 2014, 09:43:58 PM by Bateauxdriver »
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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #65 on: December 28, 2014, 12:45:16 PM »
Would doubt any real estate gains, but went from $747k last year to $874k this year.  Nice to see the numbers continue to go up!

bwall

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #66 on: December 28, 2014, 12:58:48 PM »
Wow, these amounts are mindboggling. I am from The Netherlands and do not see any chance for figures like this... The more I read this blog the more I realise the differences, and how my road to financial independence may take longer. Will get there though!

Why do you see any chance for figures like this? In the NL you can live easily without a car--no depreciation, no insurance, no gasoline which means huge savings. Also, rents are lower, I think.

The numbers you read here are what one posted described 'selection bias'--those who did poorly or even lost money aren't too likely to want to post those numbers.

savedough

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #67 on: December 29, 2014, 10:32:54 AM »
I do not include personal property (cars) in my net worth calculations and have not adjusted our home value from the purchase price since 2011 because it is the amount guaranteed if I get relocated - though the market shows we should expect a value increase. 

That being said, we are +88K this year over 2013. 

boarder42

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #68 on: December 29, 2014, 11:08:49 AM »
2013: ~153k
2014: ~253k
House value not included.
Found mmm in January. Was a pretty damn good year.
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gskong

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #69 on: December 29, 2014, 02:19:12 PM »
Dec 2011 $407,757.07
Dec 2012 $530,002.13
Dec 2013 $722,921.34
12/27/14 $1,002,104.27

Hit the $1M milestone on 12/27/14.  Wife and I celebrated at the local Thai hole-in-the-wall.  Good times.

NinetyFour

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #70 on: December 29, 2014, 02:40:35 PM »
CONGRATS!!!!!
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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #71 on: December 29, 2014, 02:48:10 PM »
This is an extremely rough estimate because I've only just started (ie this year) to track things from a holistic perspective:

Early 2011: ~75k
Early 2012: <100k
Early 2013: ~160k
Early 2014: ~200k
Now: 230k

Best increase was '12 to '13. It looks like a deployment basically doubles my savings rate. However, this year was impressive because it included paying for a wedding and several expensive trips (some were not optional).

frizzywhiskers

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #72 on: December 29, 2014, 02:59:08 PM »
Things are coming along nicely......

2012 - $457,388
2013 - $560,203
2014 - $637,679

Not too shabby considering we moved into a new home in 2013 and had lots of extra costs related to that.

Onward to 2015!

wild wendella

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #73 on: December 29, 2014, 03:27:07 PM »
The numbers you read here are what one posted described 'selection bias'--those who did poorly or even lost money aren't too likely to want to post those numbers.

Also, there are plenty of people who don't really want to post their financial numbers online.  But for those who do,  there are some inspirational stories here.  Thanks!

Our NW showed a modest increase of 17.16% for the year, but the real win was paying off my revolving credit card debt.  So now I'm one step closer to being mustachian!

HappyMargo

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #74 on: December 30, 2014, 04:58:33 AM »
2012 = 100,875
2013 = 148,175
2014 = 218,925

2014 was a good year!
-got a new job with a 36% increase in pay.
-opened my first Vanguard account!  YAY!!
-put my frugal muscles to work mid-way thru 2014  & flexed to the tune of 64% saving rate.  Should've done that the full year!
-Hope to bump my savings rate up to 70-72% over 2015.
Enjoying the journey (& bike ride!) to FIRE.

alex trebeck's mustache

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #75 on: December 30, 2014, 06:31:20 AM »
Age 32, Married, First kid on the way

2012: $74k
2013: $157k
2014: $289k

We had a great year. Networth IQ is a great place to track this sort of thing. Here is my profile:

https://www.networthiq.com/people/atl_programmer

That big bump is from selling some private company stock.

Kansas Beachbum

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #76 on: December 30, 2014, 08:07:56 AM »
Dec 2011 $407,757.07
Dec 2012 $530,002.13
Dec 2013 $722,921.34
12/27/14 $1,002,104.27

Hit the $1M milestone on 12/27/14.  Wife and I celebrated at the local Thai hole-in-the-wall.  Good times.

Congrats on getting your second comma!  Well done!
At a moment like this I can't help but wonder...what would Jimmy Buffett do?

jesstach

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #77 on: December 30, 2014, 10:06:41 AM »
Dec. 2012: -$4,000
Dec. 2013: $30,088 (discovered MMM August 2013)
Dec. 2014: $78,064

BriarRose111

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #78 on: December 30, 2014, 10:29:40 AM »
Not entirely happy with the past year's net worth increase.  Last year (2013) has been my best yet.  2015 is going to be much better.   I claim my daughter (and thusly also head of household) every other year, and have started adjusting my withholdings to minimize my refund, investing the extra money throughout the year instead.  That is part of the reason for the high increase in 2013.  I also switched jobs this year, and so am not vested in my 401K match yet.

Here's my results:

Year End Net Worth      Increase
2014   $307,837.29   $31,960.66
2013   $275,876.63   $71,950.08
2012   $203,926.55   $49,937.80
2011   $153,988.75   $29,848.12
2010   $124,140.63   $44,556.50

Kim
« Last Edit: December 30, 2014, 06:11:51 PM by BriarRose111 »

sheepstache

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #79 on: December 30, 2014, 05:15:34 PM »
2012 $83,000
2013 $130,000
2014 $182,000

I kind of can't deal with my net worth more than doubling in two years. I only sock away about $26,000 a year so this is almost entirely the stock market's huge run up.

I actually worry now that when growth is more reasonable I'll get depressed and lose motivation.

marty998

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #80 on: December 30, 2014, 08:27:54 PM »
I am at 330K.  My numbers for this year so far:

$14,200 debt -- paid off (the debt was a car loan and a 401K loan -- now I only owe my mortgage)
$30,000 in two 529 plans, funded
$16,000 in 401K plan, funded (I need to catch up to the full $17,500, and will asap -- just miscalculated re bonuses)
$17,000 in 401K plan, matched by employer (they give a full 10% match, but not on bonuses)
$10,000 in mortgage principal, paid off (I paid the regular amortization plus $100 or more toward principal each month)
$5600 HSA funded (older son's braces are now paid off, baby!)
$4000 employee stock purchase program (for every 85 shares I buy, employer gives me 15)

Not bad for a goddamned single mother.

Well done! Kudos to you

Roland of Gilead

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #81 on: December 30, 2014, 10:15:10 PM »
Really has taken off during this bull market for most, eh?

It can't continue because everyone would be multi millionaires at the current levels of market returns.

15% a year for 10 years is 4x your money.  If you have a portfolio today of $1mil at age 40 you would have $4mil at age 50 with no more contributions.  Not going to happen IMO.  If it does happen, expect class warfare from those who are not invested in the markets.

ShoulderThingThatGoesUp

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #82 on: December 31, 2014, 06:39:05 AM »
Not much of a change because we put some money into making 2015 a banner year - bought a smaller house that we're putting some fixes in to, etc.

Runge

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #83 on: December 31, 2014, 08:32:29 AM »
If I'm just looking at my investment accounts (no house or checking/savings accts.), here's my end of year numbers:
2012: 1.4k
2013: 16.3k
2014: 17.0k

No much of an increase this year in that regard...but I did take out some money to buy a house. So if I include all my assets:
2012: 19.5k
2013: 41.8k
2014: 57.0k

Looks a bit better. Hopefully I'll breach 80k of total assets by the end of 2015. 100k by end of 2016.

frugalJD

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #84 on: December 31, 2014, 03:12:19 PM »
Great thread.... Always encouraged by the progress and success of others here.....

Here's our figures, including value of our home (purchased in 2012). 

Oct 2010: -$9k   
Dec 2012: $80k
Dec 2013: $209k
Dec 2014: $323k

-JD

BriarRose111

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #85 on: December 31, 2014, 06:34:47 PM »
Wow! That's a huge jump from 2013's year end to this year's.  Nice work!

2009: $100K
2010: $152K
2011: $208K
2012: $298K
2013: $445K
2014: $705K (as of 12/23/14)

Cherry Lane

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #86 on: December 31, 2014, 07:31:26 PM »
My 2014 net worth increase is equal to my gross annual pay.  Does that mean I lived off gains in my investments?

If so, "Hello, FI.  Nice to meet you!"

lhamo

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #87 on: December 31, 2014, 07:35:29 PM »
Edited to reflect addition of DH's retirement account dividend/cap gains reinvestment, which finally posted.

Our networth actually dropped this year -- right now down about $35k compared to the end of the year last year.  But that is due to our apartment value having dropped about $140k since last year (more since the peak in May this year).  Our savings/investments are actually up about $95k, which isn't too shabby considering we only put about 1/3 of that amount in in new investment money.   We are now seeing real momentum in terms of compounded earnings on our investments. 

Passed $1mill in investible assets this year, which was a nice milestone to hit.  In 2015 we should hit $1mill in retirement accounts.

Not sure what happened with the market today -- kind of disappointing, but I'm trying to look at the drop in our stock values as a good thing as the final installment on our retirement savings for 2014 will be purchased as a discount.  Beijing property values also went down again, but that means more room for recovery in 2015.

DH's retirement account posted a nearly 12k cap gains/dividend distribution!  Of course the ex dividend price drop means that doesn't impact our net worth directly, but having the extra shares (nearly 1000 of them!) will be good over the long term.

Overall we had about 21k in dividends/cap gains in our retirement accounts just in December.  And we aren't even deliberately focusing on funds that return dividends. 

Final numbers:

Net worth down $46853.28, all due to declines in our property value

Investments up $96660.93, with about $35k of that being our contributions to retirement and college accounts.

Not posting net worth figures as if I did no one would ever listen to my whining about my job woes again.  Suffice it to say we have enough to be FIREd should we make different lifestyle choices, namely selling apartment, quitting current jobs and leaving Beijing.  Not at the point where DH is ready to do that yet.  Maybe by the end of 2015....
« Last Edit: January 01, 2015, 09:38:09 AM by lhamo »
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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #88 on: December 31, 2014, 08:16:35 PM »

Yeah, I was disappointed by the downturn today too. I would have been fine with it in January, just hated ending the year on a downer.

My net worth (just investments/cash holdings) increased $151K. It wasn't all market growth; sold my dad's house and my cut of profit was $43K, so total investment growth was just under $110K, but that is wonderful and I'm quite pleased overall.

I frequently have no idea what I'm talking about. Like now.

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NinetyFour

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #89 on: December 31, 2014, 08:53:00 PM »
I was a bit disappointed today as well, but the good news is that I deferred all but 99 cents of my December paycheck ($5460) to my 403b, and it will land in an equity index fund while the market is low.

My increase in net worth for 2014 was still $125,092.

As Cherry Lane said, this increase was more than my gross income--does this imply FI?  I think I need a refresher about the definition of FI...

Anyway, hope you all have a great 2015!
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Primm

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #90 on: December 31, 2014, 08:58:09 PM »
My increase in net worth for 2014 was still $125,092.

As Cherry Lane said, this increase was more than my gross income--does this imply FI?  I think I need a refresher about the definition of FI...

Anyway, hope you all have a great 2015!

I would say that depends. Does the increase in your NW include what you saved to it for the year, or just the increase in your investment from capital gains, interest, dividends etc? I'd exclude the former to decide whether you are FI.

But that's just me, others may have different ideas.

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #91 on: December 31, 2014, 09:12:25 PM »
Does the increase in your NW include what you saved to it for the year, or just the increase in your investment from capital gains, interest, dividends etc?

Yes, it does. 

I'll figure out what the growth was without the contributions, and see if that covered my expenses for the year.  Thanks.
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AlexK

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #92 on: December 31, 2014, 09:42:09 PM »
It's really amazing to see the compounded returns in action!

my numbers:
investments=$660k (up $168k in 2014 and my salary is only $80k)
total NW=$782k (up $171k in 2014)

investments/expenses = 35 so a big facepunch for me if I don't fire the boss this year.
« Last Edit: January 01, 2015, 12:09:56 PM by AlexK »

Roots&Wings

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #93 on: January 01, 2015, 09:49:15 AM »
2012 - $219k
2013 - $315k
2014 - $418k as of today

Have been saving just over 80% of my income the past two years and it's making a big difference!

Update: Ended 2014 at $420k in investments (excludes house, car, possessions).  I'm running my portfolio analysis (Vanguard portfolio watch and Morningstar X-Ray) and getting my 2015 investment plan in place today.  FI is getting closer :) 

Inspiring to see what other's are doing!

Roland of Gilead

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #94 on: January 01, 2015, 09:53:33 AM »
Update: Ended 2014 at $420k in investments (excludes house, car, possessions).

I know there are other threads on this, but why why why would you exclude your house in your net worth?

We fully paid off our house in 2014.  During 2013 and 2014 we made a total of $150,000 in extra lump sum payments on our mortgage to pay it off early.

A simple decision to move money from 2% bonds to pay off a 4% loan means our net worth dropped by $150,000?

lhamo

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #95 on: January 01, 2015, 10:01:59 AM »
In terms of percentage change, here is what our networth looks like since 2008 when I started tracking rigorously:

2008:  -9.72% (all market downturn)
2009:  +52.42% (midyear property purchase that rapidly escalated in value + rebounding market + high level new investments)
2010:  +37.76% (mix of about 3/4 property value increase, 1/4 market returns/new investments)
2011:  +8.05 (roughly 3/5 property, 2/5 market/new investments)
2012:  +20.07  (roughly 2/3 property, 1/3 market/new investments)
2013:  +27.04  (roughly 2/3 property, 1/3 market/new investments, though new investments dropped off dramatically so that we could cashflow kids higher school fees)
2014:  -1.35% (all attributable to drop in Beijing property market -- investments grew by nearly $100k)

The Beijing property market has been insane -- our apartment has tripled in value since we bought it, and it wasn't cheap to begin with!  But we're in a catch 22 situation, in that as long as we stay in Beijing it doesn't make sense to sell.  It is currently costing us only about $100/month out of pocket for our apartment -- of our $1880 monthly mortgage fee, about $1050 is going toward principal, and then DH gets a housing allowance of about $650, plus we rent out our two parking spaces for about $100/month.  If we sell, we would have a huge tax liability, plus it would cost $3-4000 to rent a similar place.  Buying anything similar would be as much or more as we would get from selling.  We could move to a place in the suburbs, close to kids school, that would be cheaper per square footage to buy, but then I would have a horrible commute again and we would probably have to buy a car. 

I do worry about having so much of our net worth (about 60%) tied up in the China property market, though.  Somewhat less risky in Beijing than elsewhere, as the government would do everything it could to prevent a major drop in the Beijing market, but still more risk than I am fully comfortable with.  Need to work harder this year on convincing DH that our apartment really is our "lottery ticket in the sky" that could allow us to pursue whatever interests we have.  He's still very averse to the idea of FIRE, for reasons I don't fully understand. 


Wherever you go, there you are

Roots&Wings

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #96 on: January 01, 2015, 10:58:49 AM »
Update: Ended 2014 at $420k in investments (excludes house, car, possessions).

I know there are other threads on this, but why why why would you exclude your house in your net worth?


I'm on this forum because I want to FIRE.  The value of my car, furniture or a house are not part of the equation for me.  As mentioned in another thread, some of us equate 'net worth' with our stashe, rather than the textbook definition.

Roland of Gilead

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #97 on: January 01, 2015, 01:41:16 PM »
I'm on this forum because I want to FIRE.  The value of my car, furniture or a house are not part of the equation for me.  As mentioned in another thread, some of us equate 'net worth' with our stashe, rather than the textbook definition.

So you paid cash for your home and never had a loan?

If you did have a loan on your house, did you deduct the full loan from your net worth but not the value of the house? (and thus start with a very negative net worth?)

People who rent can't FIRE?

RFAAOATB

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #98 on: January 01, 2015, 02:11:39 PM »
Approximate end of month numbers especially in regards to home value minus mortgage:

12/2011:  -21,454.61
12/2012:   30,524.88
12/2013:   75,132.59
12/2014:  118,931.06


Condo was assessed at 138k when we bought it early 2013.  I haven't checked to see its value since so kept it pegged there.  Paid ahead on mortgage so it's down to 117.8k.  Maxed out Roth IRA past 3 years and just started pre tax retirement at work.  2015 is looking to be a more expensive year with less income so am trying to come to terms with slower growth.  Hopefully it won't take another 18 years to get into the millionaire's club.

NonprofitER

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #99 on: January 01, 2015, 03:05:46 PM »
We had our financial awakening in November 2013, so we're still new to improvements but careful budgeting and monthly net worth tracking has really helped.  Hoping the ball moves faster as we pay off the last of our hair-on-fire student loans this year and early 2016.

Dec 2012: $ -27,300
Dec 2013: $75,200
Dec 2014: $131,096 - it may well be higher as our home value has grown substantially, but I prefer to leave the value at a conservative constant for now.

We'd like to end 2015 close to $189,000.