Author Topic: Net worth increase 2017 (i.e. the 'present' you give yourself)  (Read 126187 times)

chasesfish

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #700 on: December 07, 2017, 05:33:05 AM »
Up $279,000 in 11 months.   Trailed the market in the return too, but this was the first year in a while I've been *really* using that deferred comp plan.  I should have my first year saving over $100,000.
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UnleashHell

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #701 on: December 07, 2017, 05:37:26 AM »
down about 50%

Divorce'll do that.....
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JTF 96

pancakes

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #702 on: December 07, 2017, 05:56:59 AM »
Our household net worth:

Dec 2014 $150k
Dec 2015 $195k
Dec 2016 $256k
Nov 2017 $278k

Not quite the +$61k from last year but I stopped working in February (though did receive a small amount of paid leave) and Mr Pancakes took three months off between jobs, part of which we spent traveling. We also moved across the country and had a baby. I feel like we spent the whole year haemorrhaging money so the fact we went forwards at all let alone $22k kind of perplexes me.

The final result at the end of december will be interesting.

Abe

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #703 on: December 07, 2017, 06:01:44 AM »
Up about 65% ($300k to $500k) from selling a house and stock market gains. Have a year and a half of living in a super high-cost rent area for training. Hopefully then we will move and our combined salaries will double to allow for a 60% savings rate!

Pooperman

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #704 on: December 07, 2017, 06:23:27 AM »
2015: $57k
2016: $69k
2017: $130k

Hooray for house appreciation > inflation. Investments are sitting at around $73k. This was a poor year for spending.

DS

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #705 on: December 07, 2017, 07:20:54 AM »
Am I going to have to come back here to edit the thread title every year forever?

You guys will never let me leave :)

Topic thread updated to the future, I mean, present... I mean... whatevs

"Net worth increase this year (i.e. the 'present' you give yourself)" ;)

Canadian Ben

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #706 on: December 07, 2017, 07:26:59 AM »
I've gone up by more than my salary... Not sure how that happens... (Go stock market!)
Salary: 86k.

2016: 95,000
2017: 184,000

Whoo!

iris lily

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #707 on: December 07, 2017, 07:29:43 AM »
Total NW:

Jan 1 2017: -$24,413.19
Dec 1 2017:  $5,177.90

Total Increase: $29,591.09
God I love it when people go from the darkness (debt) into the light!(the black in assets)

You are now in  Positive Net Worth Land. Way to go!

itchyfeet

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #708 on: December 07, 2017, 11:31:51 AM »
Bumper year for us.

Shot up from 67% of target to 79% of FIRE target so far.

Waiting on retirement fund manager reports in Jan, and with the good share market I could prob expect another $30K as a cherry on top for the year.

Good year in real estate, plus an extremely high income year from my job.

Expecting realestate to flatline in 2017, but high employment income to continue for at least 1 more year, if my job doesn't kill me in the mean time. Lol.

No idea what the share market might get do in 2017,  but we'll keep accumulating and increasing our exposure.

Thinking maybe 2.5 years to FIRE, but might pull the trigger a little earlier and roll the dice on picking up some post RE non-investment income.

With three weeks still remaining, I shouldn’t be counting my chickens just yet.... but...

Bumper year for us.... again.

Decided somewhere along the way to increase our number, rather than bring our FIRE date forward.

Still, we are now at 86% of our new number. So close!!

1.5 years to FIRE



sol

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #709 on: December 07, 2017, 11:54:37 AM »
At the end of 2014 we were at 61% of our target amount.
At the end of 2015 we were at 71%.
December 2016 is looking like right around 86%.

It's not even the end of 2017, and we're already well over 100% of our target goal.  At this point, it's not money that is keeping me at my desk.

As previously discussed, I still plan to give away at least half of my salary for every paycheck I receive past my target date.  The other half will go towards special spending projects, like replacing the siding on my house before we have any structural damage, to try to minimize future unexpected irregular expenses.  The recent spike in asset values has me a little worried about a coming crash, but it has spiked so far by now that even a moderate recession would leave us in reasonably good shape. 

Canadian Ben

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #710 on: December 07, 2017, 12:01:21 PM »
At the end of 2014 we were at 61% of our target amount.
At the end of 2015 we were at 71%.
December 2016 is looking like right around 86%.

It's not even the end of 2017, and we're already well over 100% of our target goal.  At this point, it's not money that is keeping me at my desk.

As previously discussed, I still plan to give away at least half of my salary for every paycheck I receive past my target date.  The other half will go towards special spending projects, like replacing the siding on my house before we have any structural damage, to try to minimize future unexpected irregular expenses.  The recent spike in asset values has me a little worried about a coming crash, but it has spiked so far by now that even a moderate recession would leave us in reasonably good shape.

Since you're so close, are you looking at switching some assets over to safer investments, or just letting it ride?

sol

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #711 on: December 07, 2017, 12:07:47 PM »
Since you're so close, are you looking at switching some assets over to safer investments, or just letting it ride?

I'm letting it all ride.  I have an IPS and it tells me to stick with my chosen asset allocation unless I have a reason to believe I am suddenly smarter than the market.  I haven't been any smarter than the market since at least 2013, when I was fearful it would crash, but I let it ride then too and I'm glad I did.
« Last Edit: December 07, 2017, 12:27:35 PM by sol »

mustachepungoeshere

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #712 on: December 07, 2017, 12:18:20 PM »
Am I going to have to come back here to edit the thread title every year forever?

You guys will never let me leave :)

Topic thread updated to the future, I mean, present... I mean... whatevs

You can check out any time you like...

marty998

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #713 on: December 07, 2017, 01:28:11 PM »
Am I going to have to come back here to edit the thread title every year forever?

You guys will never let me leave :)

Topic thread updated to the future, I mean, present... I mean... whatevs

You can check out any time you like...

Such a lovely place (such a lovely place)... living it up at the....

jengod

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #714 on: December 07, 2017, 01:59:22 PM »
Am I going to have to come back here to edit the thread title every year forever?

You guys will never let me leave :)

Topic thread updated to the future, I mean, present... I mean... whatevs

"Net worth increase this year (i.e. the 'present' you give yourself)" ;)

yay you solved it!
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CanuckExpat

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #715 on: December 07, 2017, 02:04:06 PM »
down about 50%

Divorce'll do that.....

Recalculate as net worth per capita
Or net worth per kg

oldtoyota

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #716 on: December 07, 2017, 02:06:20 PM »
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.



Congrats on the 24.2%!

Shoot. We're up 19%. I wonder if this was a bad year to adjust my AA to hold more in bonds.

ixtap

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #717 on: December 07, 2017, 02:08:15 PM »
At the end of 2014 we were at 61% of our target amount.
At the end of 2015 we were at 71%.
December 2016 is looking like right around 86%.

It's not even the end of 2017, and we're already well over 100% of our target goal.  At this point, it's not money that is keeping me at my desk.

As previously discussed, I still plan to give away at least half of my salary for every paycheck I receive past my target date.  The other half will go towards special spending projects, like replacing the siding on my house before we have any structural damage, to try to minimize future unexpected irregular expenses.  The recent spike in asset values has me a little worried about a coming crash, but it has spiked so far by now that even a moderate recession would leave us in reasonably good shape.

Our end game plan includes cutting back on savings the final year to invest in such structural projects, if they don't need done before then.

Travis

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #718 on: December 07, 2017, 02:18:31 PM »
JAN 2014 - $364k (owned a truck, a garage full of "stuff," investments were fairly conservative and spread across 30 high fee funds. And half that $364k was cash!
DEC 2014 - $458k (sold truck, sold stuff, started Roth IRA for DW, got into Vanguard with a much more aggressive AA, deployed and came close to maxing the extended TSP limit)

DEC 2015 - $525k give or take what happens next week.  This year was fairly straightforward as far as AA and contributions go so my NW increase was pretty much what I put in to it since I had zero growth.

DEC 2016 - $650k. So around a $125k increase, and $72k of that is contributions.

As of 1 Dec, $850k.  $200k increase, $71k in contributions. Compounding for the win.
« Last Edit: December 29, 2017, 09:03:02 PM by Travis »
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happy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #719 on: December 07, 2017, 02:20:17 PM »
Estimate net worth increase 180k, not my best year, but $208k, better than I was expecting.    I'm selling the clown house, and shifting the capital around into another real estate project so that it won't just be capital tied up on a single PPOR asset. I'm just about at the worst cashflow point right now, so savings in recent months have been minimal ( super guarantee only).

modified to update with final figure
« Last Edit: January 03, 2018, 04:34:59 AM by happy »
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N

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #720 on: December 07, 2017, 11:21:20 PM »
Dec 2013:       -5311.00
Dec 2014:        9484.00
Dec 2015:     73,369.00
Dec 2016:   129,871.00
Dec 2017:   164,437.00


marty998

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #721 on: December 08, 2017, 02:41:21 AM »
Estimate net worth increase 180k, not my best year, but better than I was expecting.    I'm selling the clown house, and shifting the capital around into another real estate project so that it won't just be capital tied up on a single PPOR asset. I'm just about at the worst cashflow point right now, so savings in recent months have been minimal ( super guarantee only).

This applies to about 9/10 dwellings in our fair state. Not sure you can find a place that is not a clown house here :)

happy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #722 on: December 08, 2017, 03:53:17 AM »
Too true Marty998, but my house was way more than we need: a CLOWN house, not just a clown house.
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bownyboy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #723 on: December 08, 2017, 06:38:26 AM »
1st Jan 2017 - £346k
1 Dec 2017 - £452k

An increase of £106k!

Things that made this possible:
  • I used the UK pensions tracing service and found an old pension from 1992 that I never contributed to and it was worth £38k!
  • I quit my job and went contracting through a new Ltd company and doubled my take home pay
  • The market!

Hoping to hit £550k by end of 2018 with some serious saving.

itchyfeet

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #724 on: December 08, 2017, 07:04:22 AM »
Estimate net worth increase 180k, not my best year, but better than I was expecting.    I'm selling the clown house, and shifting the capital around into another real estate project so that it won't just be capital tied up on a single PPOR asset. I'm just about at the worst cashflow point right now, so savings in recent months have been minimal ( super guarantee only).

This applies to about 9/10 dwellings in our fair state. Not sure you can find a place that is not a clown house here :)

Yeah, it’s a bit sad that when we finally do repatriate to Australia, living in my home town of Sydney makes zero sense on an economic level... unless I want to keep working, in which case I can justify the clown housing costs.

NorCal

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #725 on: December 08, 2017, 07:10:17 AM »
2014: $570K
2015: $769K
2016: $1,064K
2017: $1,382K

We've done well, largely thanks to silly Silicon Valley incomes combined with keeping housing costs low.  A big chunk of the 2017 increase is market performance, as our savings rate declined substantially in the last few months of 2017 (my wife went part time after maternity leave + a second kid in daycare).

couponvan

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #726 on: December 08, 2017, 07:13:21 AM »
12/16 $1.31
12/17 $1.49

FIRE GOAL $2.0 with paid off house (Estimated FIRE date 4/2/22. I'd really like it to be 2/2/22, but 401(k) vesting is on 3/31 and that's some earned money I'm not going to say no to for 2 more months.)

$.18 should have been higher, but we are spendypants and have too much of our investments in real estate and bonds.
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SaucyAussie

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #727 on: December 08, 2017, 08:36:46 AM »
Single. Chugging along.  I just wish I had started this at 22 instead of 42.

2013 - $0
2014 - $68K
2015 - $152K
2016 - $238K
2017 - $350K
Years to FIRE - 7.51

Theoretically, I could hit $500K by the end of 2018, but would need a lot to go right.

Paul | pdgessler

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #728 on: December 08, 2017, 08:56:39 AM »
I'm up about $40k this year, going from roughly $30k in the red (mostly student loan debt, now paid in full) to about $10k in the black. Onwards and upwards!

Code: [Select]
Year  N.W.  Chg.  Remarks
2014  -30k        Discovered MMM while paying off student loans early. 
2015   15k  +45k  Finished paying off student loans.
2016   69k  +54k  Changed jobs.
2017  140k  +71k  Cross-state move and another job change. Bought our first house—half of the equity came from my savings, half came from my wife's (not tracked in my N.W. here).

OurTown

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #729 on: December 08, 2017, 09:54:39 AM »
$558 now, it looks like it was $438 last December.  Increase of $120k. 

ChipmunkSavings

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #730 on: December 08, 2017, 10:30:14 AM »
I've backtracked all of my data, the furthest I could go was 2013.

2013 : 96 850$                            Finished university, started working graduate job part-time
2014 : 122 251$   (+25 401$)      First year of working full-time, 42k starting salary. Lived at home with parents, low spending FTW
2015 : 130 429$   (+8 178$)        Bought a house, renos. Salary of 45k
2016 : 160 705$   (+30 276$)      Starting investing with TD (instead of GICs), got lots of 5-year interest payouts.
2017 : 196 000$   (+35 295$)      Age 24. Working full-time at 51k, still investing (+ house equity).

It's not ramping up as much as I would like, but I'm still at the start of my snowball, so I figure it will keep getting better year after year. I've never counted my contributions for the pension plan (it's a mandatory defined-benefits program where roughly 8% of my gross salary is automatically deducted. I have no control over this, and I don't know the value of it). I'm not sure how to account for the home equity changes, I kept the same value as when we bought in aug 2015.

Based on my net salary only, I have achieved a 45% savings rate, or 50% if we were to consider my pension plan (savings + pension/ net salary + pension).

recklesslysober

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #731 on: December 08, 2017, 01:48:23 PM »
2016: +$19K
2017: +$45K

Almost all of it is retirement contributions and debt repayment, maybe $2K gains over 2 years. Still -$65K with $90K of student loans to pay / $25K in retirement savings. Planning to break net worth $0 next year and pay off the loans by the end of 2019.

Exflyboy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #732 on: December 08, 2017, 07:22:33 PM »
Not including home equity.

Dec 8th 2016 ... $2,120,000

Dec 8th 2017.... $2,435,000

$315k or 14.9% rise with no job and about $16k rental income.

mustachepungoeshere

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #733 on: December 09, 2017, 03:29:41 AM »
December 9, 2015: $53,000
December 9, 2016: $181,000
December 9, 2017: $238,000

happy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #734 on: December 09, 2017, 03:31:58 AM »
Not including home equity.

Dec 8th 2016 ... $2,120,000

Dec 8th 2017.... $2,435,000

$315k or 14.9% rise with no job and about $16k rental income.

Holy guacamole Frank, you're rich!
Nice work buddy.
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marty998

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #735 on: December 09, 2017, 04:53:02 AM »
December 9, 2015: $53,000
December 9, 2016: $181,000
December 9, 2017: $238,000

Well done :) $300k for sure next year!

mustachepungoeshere

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #736 on: December 09, 2017, 05:06:48 AM »
December 9, 2015: $53,000
December 9, 2016: $181,000
December 9, 2017: $238,000

Well done :) $300k for sure next year!

Thanks, @marty998 (oh I am going to bug the shit out of you with these tags!) Not quite what I wanted, but I’ll get there.

kayvent

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #737 on: December 09, 2017, 05:58:04 AM »
Total NW:

Jan 1 2017: -$24,413.19
Dec 1 2017:  $5,177.90

Total Increase: $29,591.09

Good job on becoming worthless a few months ago.

It's been a bull market for a few years, I wonder how some of us will feel in this thread when a bear occurs.
« Last Edit: December 09, 2017, 06:10:09 AM by kayvent »

ACyclist

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #738 on: December 09, 2017, 10:11:54 AM »
Increased by 81K this year. 

Note: We stopped spending like A-holes around late Summer.  We were saving more than the average American, but we were not mustachian like.  I joined the forum in Oct, I think.

This next year should be phenomenal, if the markets continue their momentum.

2Birds1Stone

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #739 on: December 09, 2017, 01:36:06 PM »
DINK's here, 26 & 30 y/o, HCOL area

Jan 1 2017 - $312K
Jan 1 2018 - $430k (Estimated)

+$128,000 in a year, we'll take it.

MaybeBabyMustache

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #740 on: December 10, 2017, 09:31:10 AM »
Up about $717K in 2017. It was a crazy year: bought a house, sold a house, & the stock market.

1/1/17 = $2,887,427
12/1/17 = $3,098,262

Net worth calculations include house equity.

Murse

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #741 on: December 10, 2017, 11:03:43 AM »
Dec 2016 60.1 (single)
Dec 2017 115 (officially DINK’s)

Nearly doubled!

This year I paid roughly 17k for my wedding expenses and married someone worth -10k. I am hoping we can put away at least 70k this year. Maybe hit a 200k net worth by December 2018 if the market performs?


Honestly though, a market crash would be great now that we are shoveling in large amounts monthly.
« Last Edit: December 10, 2017, 11:11:28 AM by Murse »

obstinate

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #742 on: December 10, 2017, 11:58:36 AM »
This has been an uncommonly good year for us. It looks like our non-home equity stuff went from somewhere around 33%. I believe the increase was this big as a percentage because we sunk a bunch of savings into an HCOL house down-payment a few years ago. So my salary was large relative to our savings, and it was filling in the hole. Including the home it looks like we're up about 20%.

We are selling the house at a huge profit next year and moving to New York, which will bring our invested assets close to our FIRE number. We will probably ride our jobs for a year or two more, since we'll go from having "enough" to "enough and plenty more besides." I also want to see what Donald Trump does with this country before making any hasty decisions.
Dec 2016: 60% FIRE
Dec 2017: 84% FIRE

FIRE=retirement spending, exclusive of tax, assuming SWR .036 and assuming our spending mix remains constant (e.g. continue having to pay 24k per year for childcare)

Bumper crop this year. Spending didn't increase as much as anticipated after the move, and wifey and I both got substantial raises heading in to next year. All kinds of things could change next year (taxes will be up, and childcare costs too assuming both of our plumbing is working as well as it was when DS#1 was born). And even though we're quite spendy compared to most folks on here, we're thankful for the grounding that the Mustachian philosophy brings to our lives. And we're saving hard against an uncertain future.

Bracken_Joy

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #743 on: December 10, 2017, 12:18:15 PM »
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).

Approximate 2016 end of year numbers! Needless to say.... a big jump this year. +$78,517 in 2016. Combined earnings will probably come out to ~$105k for the year. Combination of market gains, home purchase that worked out nicely (immediately valued higher than we paid), and a generous gift from my grandmother to help pay some student loans.

12/18/2016: $108,317
11/20/15: $29,800
1/1/15: $0
(2014, -$20k, although that's pretty much a total guess)

(2014, -$20k, although that's pretty much a total guess)
1/1/15: $0
11/20/15: $29,800
12/18/2016: $108,317
12/2/2017: $179,061

+$70,744 in 2017. Not *quite* as big a jump as last year, but considering crazy high vet and medical spending (over $11k), and me not working at all for ~4 months of it (and part time most of when I was working), that's pretty damn good! Earnings will probably be right around the same as last year, somewhere around $110k total for the two of us.

ETA: better than I expected, because I realized I dropped car value off my net worth tracking this year. So it may have been a +$90k! I would have to sit down with all the numbers to double check, but I'm pretty sure that's right.
« Last Edit: December 11, 2017, 11:10:23 AM by Bracken_Joy »
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ixtap

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #744 on: December 10, 2017, 06:26:42 PM »
39.9% increase, almost exactly 50/50 savings vs growth.

Closer2theSKY

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #745 on: December 11, 2017, 06:28:46 AM »
December 2016: $88,000
December 2017: $148,000

Just discovered the MMM community last year and feeling motivated and inspired. Way to go, everyone!

Jenny1974

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #746 on: December 11, 2017, 06:52:02 AM »
December 2016                     $1,484,626
As of December 11, 2017       $1,813,340

Increase of $328,714 . . . . WOW!

NinetyFour

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #747 on: December 11, 2017, 06:57:37 AM »
December 2016                     $1,484,626
As of December 11, 2017       $1,813,340

Increase of $328,714 . . . . WOW!

WOW is RIGHT!!  :D

dude

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #748 on: December 11, 2017, 10:57:36 AM »
Net Worth:
Dec. 2016 - $1,443,716
Dec. 2017 - $1,662,792

+ $219,076

Investment accounts only:
Dec. 2016 - $902,232
Dec. 2017 - $1,080,418

+ $178,186

That's a pretty solid year. I know the shoe is going to drop soon and likely shave 10-20% off, but it is what it is.

sol

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #749 on: December 11, 2017, 11:36:07 AM »
That's a pretty solid year. I know the shoe is going to drop soon and likely shave 10-20% off, but it is what it is.

I think that's part of the utility of a thread like this one.  It makes "easy come, easy go" a little easier to accept.  We probably can't complain about a horrendous 20% market crash when everyone has doubled their money in three years. 

A 10% drop would technically count as a "correction" but that would only set us all back about twelve weeks.  That's chump change.  I wouldn't even blink.

Of course the flip side of that argument is that anyone who isn't in the market is probably kicking themselves.  Did you thorstach the top and go all cash in 2013?  Then congratulations, you just played yourself.  Are you a new investor just getting started this month?  You've missed out on an absolutely historic wealth-building rally.  Have you been holding "dry powder" while you wait for the right moment?  It has passed.