Author Topic: Net worth increase 2017 (i.e. the 'present' you give yourself)  (Read 135548 times)

fuzzy math

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #800 on: December 23, 2017, 10:30:29 AM »
Final net worth $201 k !
started out the year at 94k

I honestly can't believe I've come so far. Here's to more good years!

RWD

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #801 on: December 23, 2017, 12:30:23 PM »
We're looking at roughly $160k increase for the year. About $55k more than I had estimated, thanks to the stock market.

craiglepaige

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #802 on: December 23, 2017, 12:31:59 PM »
401k
12/31/15 - $61,900.46
12/31/16 - $82,582.59
12/23/17 - 1/$123,950.01

Savings increased by $18k, even though we spent about $7k on home renovations.




BTDretire

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #803 on: December 24, 2017, 05:59:56 AM »
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.
Yes, I suspect the very upbeat tone in the blog would be different, we would still have savers
and forward progress but...
Quote
It's easy to preach the joys of investing during a historic bull.
I am very greatful, the timing is perfect for my recent retirement which turned out to be a semi retirement. But as it worked out we had a nice stache to grow during this growth period.
 

Lews Therin

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #804 on: December 24, 2017, 11:16:24 AM »
It would be more concentrated on the savings rate portion.

When you are saving 70+%, the actual market gains have very little comparative effect. (In the beginning) Possibly a portion on downshifting since you don't need that much money anymore.

aceyou

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #805 on: December 24, 2017, 02:41:51 PM »
2017 Finances at a Glance                  
Our net worth increased by $120,393         
Our net worth not counting our pension increased by $99,216           
Our Stache increased by $109,206
Our savings rate was 60%

This was an excellent year for our finances.

December Net Worth Update
Pre Tax Retirement     $147,428
Roth IRA Retirement     $38,721
The Stache    $186,149
Short Term Inv.    $40,041
Cash    $27,270
Pensions    $164,846
Home Equity    $131,567
Car Value    $9,000
Life Insurance    $11,491
Net Worth    $570,364
   
% of Net Worth   
Stache   32.6
Cash   11.8
Pension   28.9
House Equity   23.1
Car Value   1.6
Life Insurance   2.0
Total   100


RockytopinDC

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #806 on: December 26, 2017, 07:02:05 AM »
2017 Finances:

Contributed to retirement accounts and payed down down student debt. This is our first year tracking our net worth:

26/27 years old

2016: $60,000.00
Dec 2017: $ 196,000.00
Savings rate: 65%

As previous posters stated, it was a good year for equities! Here's to more bull markets to come next year. (Or some improved US valuations if there is a correction).

aneel

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #807 on: December 26, 2017, 12:03:22 PM »
Invested assets only:

Jan 1 2017 - $135.7k
Dec 26 2017 - $227k and counting (WOW)

Cashing in gains on our first home (+30k to investments), and sticking to the savings plan (+36 k) has got us FIRED up.

MrsWolfeRN

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #808 on: December 26, 2017, 02:17:22 PM »
Dec 2016 236,254
Dec 2017 321,735
Net worth has gone up 85k, which is more than my after tax income, with a savings rate of only 46%
This is about 30k new investment, 10k mortgage principal, and 45k gains

sisto

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #809 on: December 26, 2017, 06:45:08 PM »
I'm pretty happy with my present this year.

Dec 2016 $763K
Dec 2017 $985K

This also does not include my HSA since Mint can't add it. Another $20K there, but not sure where it was a year ago.

valk001

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #810 on: December 27, 2017, 09:20:23 AM »
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.

2011 -16K
2012  3.5K
2013  33K
2014  17.5K
2015  41K
2016  104.5K
2017  85K

Midwestache

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #811 on: December 27, 2017, 10:10:11 AM »
From my journal.

May 2015
Net worth was 581K

March 2016
Net worth 1003K

March 2017
Net worth 1374K

July 2017
Net worth 1516K

December 2017
Net worth 1729K

sisto

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #812 on: December 27, 2017, 10:38:01 AM »
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.

2011 -16K
2012  3.5K
2013  33K
2014  17.5K
2015  41K
2016  104.5K
2017  85K

I'm curious how investing brought you NW down. It should be up, so what are you investing in?

ysette9

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #813 on: December 27, 2017, 10:52:31 AM »
It isn't a perfect calculation but it is what I have in my spreadsheet. 10 Dec 2016 our net worth was $1.471M. Today it is $1.65M invested plus approx $267K real estate equity. The markets have smiled upon us this year.

valk001

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #814 on: December 27, 2017, 11:56:31 AM »
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.

2011 -16K
2012  3.5K
2013  33K
2014  17.5K
2015  41K
2016  104.5K
2017  85K

I'm curious how investing brought you NW down. It should be up, so what are you investing in?


I bought a duplex and reno'ed the kitchen.  The house cost 10K cash out of pocket, then the reno cost a total of 14 (would have been cheaper, but tools are something one needs to do the job).  So that is the bulk of the decrease there and a large portion of my company investments have not vested yet, so they dont show up on my mint.  If that did then I would have about 14K more in there.

powersuitrecall

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #815 on: December 27, 2017, 12:07:58 PM »
This year our NW increased by about $220K - the highest yearly increase we've ever seen.  Compound returns in action!

Zoot

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #816 on: December 27, 2017, 01:07:18 PM »
December 2014:  $696K
December 2015:  $761K
December 2016:  $878K

Wow--how is that even possible?  But there it is in black and white in my spreadsheet, so it must be true.  :)

2017 hasn't officially closed yet, but I wanted to go ahead and update (note: numbers include home equity):

December 2014:  $  696K
December 2015:  $  761K
December 2016:  $  878K
December 2017:  $1,056K

It boggles my mind that our NW increased $178K last year--more than our entire year's post-tax household income--in a year where we sank roughly $40K into getting a house ready for sale and doing renovations on the new house we bought.  Roughly $56K of the increase was 401(k)/Roth contributions and company match, but sheesh, that still leaves $122K in increase coming from investments.

If you'd asked me ten years ago, or even five years ago, if I thought I'd ever be a millionaire, I'd have laughed in your face.  And yet here we are!

marty998

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #817 on: December 27, 2017, 01:35:28 PM »
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.

2011 -16K
2012  3.5K
2013  33K
2014  17.5K
2015  41K
2016  104.5K
2017  85K

I'm curious how investing brought you NW down. It should be up, so what are you investing in?


I bought a duplex and reno'ed the kitchen.  The house cost 10K cash out of pocket, then the reno cost a total of 14 (would have been cheaper, but tools are something one needs to do the job).  So that is the bulk of the decrease there and a large portion of my company investments have not vested yet, so they dont show up on my mint.  If that did then I would have about 14K more in there.

Why do a renovation then if it doesn't increase the value of your property? Assuming it is worth more after the reno, shouldn't your equity in the property (and net worth) have increased?

valk001

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #818 on: December 28, 2017, 06:23:59 AM »
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.

2011 -16K
2012  3.5K
2013  33K
2014  17.5K
2015  41K
2016  104.5K
2017  85K

I'm curious how investing brought you NW down. It should be up, so what are you investing in?


I bought a duplex and reno'ed the kitchen.  The house cost 10K cash out of pocket, then the reno cost a total of 14 (would have been cheaper, but tools are something one needs to do the job).  So that is the bulk of the decrease there and a large portion of my company investments have not vested yet, so they dont show up on my mint.  If that did then I would have about 14K more in there.

Why do a renovation then if it doesn't increase the value of your property? Assuming it is worth more after the reno, shouldn't your equity in the property (and net worth) have increased?


It did, (cause any thing would, the kitchen was bad) but I have not had it reassessed.  I used a VA loan with 0 down so I have very little equity in the property. 

BobTheBuilder

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #819 on: December 28, 2017, 07:53:16 AM »
First business did not work out in 2014, got my degree in 2014. Started ph.d position on Jan 1st 2015 with 22 cash left at the end of the month.

Jan 2015: NW -20,643
Dec 2015: NW -16,794
Dec 2016: NW -11,676
Dec 2017: NW -4,484

Hoping for a "positive" 2018 :-D

merlin7676

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #820 on: December 28, 2017, 08:24:18 AM »
Well I came late to the party.  Only found MMM about 3 years ago. Was pretty good money-wise and not spendypants (well I was compared to people on here but not most people "out there").
But I still learned a lot about reducing spending and up savings.  Made big gains in 2017 due to the market and paying off all my debt in 2016.

This is only savings, 401K, index fund, IRA...don't include my house as I don't consider it an asset until I sell it.

12/24/15  $46292.52
12/23/16  $80288.06
12/23/17  $128286.70

Suit

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #821 on: December 28, 2017, 08:42:22 AM »
Dec 2014: approx -12,308 (found MMM Feb 2014)
Dec 2015: 31,308
Dec 2016: 95,640
Dec 2017: 182,961

Gave myself a big present this year! This was my highest income year ever, I paid down student loans and the stock market gains have been a big help.

Hey It's Me

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #822 on: December 28, 2017, 10:09:52 AM »
Dec 2014: $554
Dec 2015: $32.2K
Dec 2016: $100.7K
Dec 2017: $149.6K

Somehow I managed to make more and save less in 2017. Hoping to reverse that savings trend in 2018.

sisto

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #823 on: December 28, 2017, 10:48:11 AM »
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.

2011 -16K
2012  3.5K
2013  33K
2014  17.5K
2015  41K
2016  104.5K
2017  85K

I'm curious how investing brought you NW down. It should be up, so what are you investing in?


I bought a duplex and reno'ed the kitchen.  The house cost 10K cash out of pocket, then the reno cost a total of 14 (would have been cheaper, but tools are something one needs to do the job).  So that is the bulk of the decrease there and a large portion of my company investments have not vested yet, so they dont show up on my mint.  If that did then I would have about 14K more in there.

So real estate investments, that makes sense. You should turn that around in no time.

valk001

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #824 on: December 28, 2017, 01:25:28 PM »
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.

2011 -16K
2012  3.5K
2013  33K
2014  17.5K
2015  41K
2016  104.5K
2017  85K

I'm curious how investing brought you NW down. It should be up, so what are you investing in?


I bought a duplex and reno'ed the kitchen.  The house cost 10K cash out of pocket, then the reno cost a total of 14 (would have been cheaper, but tools are something one needs to do the job).  So that is the bulk of the decrease there and a large portion of my company investments have not vested yet, so they dont show up on my mint.  If that did then I would have about 14K more in there.

So real estate investments, that makes sense. You should turn that around in no time.



Fingers are crossed on that one.  I am excited that I dont have to fund a reno any more.  So I should be seeing those gains in 2018.
Here is to another year of growth!

Roots&Wings

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #825 on: December 29, 2017, 06:04:06 AM »
Fun way to close out the year, and to see compounding at work.

2012:  $219k  (salary $78k)
2013:  $315k  (salary $75k)
2014:  $420k  (salary $80k)
2015:  $475k  (salary $86k)
2016:  $601k  (salary $90k) - hit $500k in April

Financial goals: a paid off house + $1.3M stash to support a conservative 3% withdrawal rate via ~75% savings rate, 90/10 asset allocation.

Looking at 6-10 years out. Spent $20.5k in 2016. My FIRE budget ($36k) has a substantial cushion because of unknown health care costs, and other fluff that could be cut if necessary. To many here, this is irrationally conservative...and reckless to many Bogleheads :)

Onwards and enjoy!

2017: $754k

Rhoon

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #826 on: December 29, 2017, 08:26:27 AM »
Lots of work done to shore up the finances, thanks to everyone here who helped us along the way:

We're up 93.5% from Dec 2016 to Dec 2017.

As a percentage, Equity in our house was nearly 50% of the Dec 2016 number. In Dec 2017, Equity of our house is only 8%. So we've seen a monstrous shift of assets away from physical property to cash.

Also as a percentage, in 2016, our non-mortgage debt was 65% of our Dec 2016 assets.
In 2017, this is down to 9%, which represents our car @ 0% interest (We traded out of a punch-me-in-the-face $55K truck @ $750/mo @ 4% interest, for a simple sedan (ford fusion) @ $378/mo with 0% interest).

boarder42

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #827 on: December 29, 2017, 09:10:10 AM »
205k or approximately 33% increase. Will hit the double comma club with a similar increase in 2018. Hoping by my 32 bday in November.

Lordy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #828 on: December 29, 2017, 02:29:50 PM »
With the December pay-check cashing yesterday, my numbers are now complete:

2017: 384K
2016: 308K
2015: 255K
2014: 209K
2013: 166K
2012: 149K
2011: 137K
2010: 126K

As you can see, 2017 was the best year so far. I hope this trend continues :-)

Chrissy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #829 on: December 29, 2017, 05:53:51 PM »
I'm loving this thread!

2015:  $604k
2016:  $724k (+$124k)
2017:  $860k (+$136k)

Wintergreen78

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #830 on: December 29, 2017, 07:13:51 PM »
End of 2016: $689,000
As of last week: $829,000

A combination of aggressive saving and ridiculous returns meant my net worth went up by more than my gross salary for the year.

EscapeVelocity2020

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #831 on: December 29, 2017, 11:22:44 PM »
2017 was a present that was unexpected.  I never would've guessed that the YAT (Year after Trump) could be anything but moderating and misery, but it was financially kind to me and all of my family.  Maybe we are rich enough for it to continue for the foreseeable future, since the mortgage / bankruptcy king is in charge?  These are the questions that plague me from all sides.  It's not like I want to join Mar-a-lago - although I could afford to and might actually be a smart investment given the flexibility of our current President.

I do hate the idea that 2017 made individuals like Eric, Donald Jr., Jared Kushner, and Ivanka more economically powerful and influential in the US.

But, on net worth terms, a good year, soon to be followed by better years!  Cheers Mustachians!

(Edit to add:  +450k)
« Last Edit: December 30, 2017, 08:58:00 AM by EscapeVelocity2020 »

Exflyboy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #832 on: December 30, 2017, 01:23:47 AM »
I hate it when somebody as vile and disgusting as Trump makes me money!

About +340k for 2017...

Runner77

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #833 on: December 30, 2017, 04:28:35 AM »
$253k increase based on an opening balance of $1.125m and an ending balance of $1.378m. Breakdown of the $253k increase:

Employer Contributions: $19,963 (8%)
My Contributions: $65,183 (26%)
Earnings: $168,106 (66%)
  * Asset allocation of 56% S&P 500, 26% stable value and 18% international

SwordGuy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #834 on: December 30, 2017, 06:55:30 AM »
$244,000 improvement in net worth, most of which was market earnings, followed by new investments and finally by removing all debt but our home mortgage.

Superman

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #835 on: December 30, 2017, 07:02:29 AM »
2016 - $1,460,216
2017 - $1,756,306

Hirondelle

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #836 on: December 30, 2017, 07:12:43 AM »
1.3k increase.

Sounds like a little, but I consider it pretty amazing that I come out with a NW increase. Considering I spent a few months traveling, 4 months of part time "funemployment" and only 2 months of having a real job. Next year I'm aiming for a 15k increase.

Nate R

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Re: Net worth increase 2015 (i.e. the 'present' you give yourself)
« Reply #837 on: December 30, 2017, 07:32:06 AM »
End of 2013: 27K
End of 2014: 41K
End of 2015: 78K
End of 2016: 120K
End of 2017: 199K

Difference: + 79K / 65%

Changes this year: Sold our original single family home. Bought in 2006 for 52K, put 20K+ in improvements in before it became a rental for us in 2013, and sold this November for 43K. Ended up having to bring 8K to closing after putting in another 3K in repairs this year. Ouch! Glad we didn't spend more in 2006! Upside is I'll have losses that will reduce my taxes for a few years to come! (Limited to 3K/year, can carry forward)

Had a chimney rebuilt in our duplex we live in, that was $3K.

Went back to school to get my Associate's degree, getting my employer to pay for the bulk of it. But it will still cost me a few K by the time I'm done.

Had trees on our 4 acre recreation property thinned. That brought in about $6K, but we spent that on getting a shed put in, and having some cleanup work done after the logging.

Overall, other than the house repairs/closing costs, no huge expenses this year. Getting rid of the house was expensive, but a big mental weight gone, too. 2018: Starting some projects on our duplex (Lots of deferred maintenance to catch up on, some from us, mostly from previous owners.) Other than that, continuing saving to build an off-grid cabin on our 4 acre land, continuing school, and continuing to add to the 401ks.

Extremely happy with the progress this year. Our financial house is in better shape and less total debt, so even if the market gains were erased, we're in a better spot than 1 year ago!
« Last Edit: December 30, 2017, 07:35:41 AM by Nate R »

G-dog

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #838 on: December 30, 2017, 09:23:01 AM »
End 2013: about $822000
End 2014: about $1015000
Change: about $193000

Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total (the value of which is not going to change drastically).

I was pleasantly surprised with the net change for 2014!

12/6/16: about $1,125,000 (excluding house)
FIREd 7/2/15
12/20/16: about $1,150,000 (excluding house)
12/30/17: about $1,333,000 (excluding house)
       Using the actual numbers - up about $184K in 2017. 

McStache

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #839 on: December 30, 2017, 10:09:26 AM »
2013 - $10,000? (records aren't great back then)
2014 - $49,193
2015 - $101,290
2016 - $179,734
2017 - $287,830

Whoa! >$100K increase in one year! That's about $70K in savings and $30K in gains.

Jim Fiction

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #840 on: December 30, 2017, 11:28:47 AM »
2016 - $(8,578)
2017 - $23,350

Change of $31,927. In the process I paid of $18,500 in debt (only $15,622 to go!). All told it was a pretty good year!

NinetyFour

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #841 on: December 30, 2017, 11:38:28 AM »
My NW went up $171,341 this year.  And my main job only paid me ~$80K gross.  My rental income mostly paid my mortgage, and I had $17K in side-gig income.  Still.  Jeepers.

Exflyboy

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #842 on: December 30, 2017, 11:48:32 AM »
My NW went up $171,341 this year.  And my main job only paid me ~$80K gross.  My rental income mostly paid my mortgage, and I had $17K in side-gig income.  Still.  Jeepers.

Niiice.. Still quitting in 2018?

NinetyFour

  • Walrus Stache
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  • Posts: 5796
  • Location: Southwestern US
Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #843 on: December 30, 2017, 12:27:01 PM »
My NW went up $171,341 this year.  And my main job only paid me ~$80K gross.  My rental income mostly paid my mortgage, and I had $17K in side-gig income.  Still.  Jeepers.

Niiice.. Still quitting in 2018?

Yes--very definitely.  No turning back now, even if I wanted to, as I signed paperwork for the Voluntary Separation Incentive Payout, which I will receive on 6/30/18.  My last day of classes will be on April 19.....109 days from now.  :)

AllTheLights

  • 5 O'Clock Shadow
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  • Posts: 7
  • Age: 30
  • Location: Ontario
Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #844 on: December 30, 2017, 01:20:08 PM »
Changes in NW by year (not total NW):
2013: +$29,300
2014: +$28,700
2015: +$40,900
2016: +$69,800

2017: +76,000

Although it doesn't look like much more than 2016, 2017 was my most successful year for increasing my savings by far.  Part of the issue with those numbers is that they include property value increases which can distort the facts a little bit.  If I take property value out out of the equation and just focus on cash and investment assets, my numbers would be:

2013: +$29k (saving diligently for downpayment on house)
2014: -$7k (bought a house, probably spent too much money on household things and improvements)
2015: +$19k (stopped the spend and got refocused thanks to this blog and others about half way through the year)
2016: +$37k (first full year post house purchase, more focused on saving)
2017: +$69k (increased salary, investments actually providing a return in a significant way, feels like hypedrive compared to previous years)

Exflyboy

  • Walrus Stache
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  • Posts: 5478
  • Age: 56
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #845 on: December 30, 2017, 01:25:46 PM »
My NW went up $171,341 this year.  And my main job only paid me ~$80K gross.  My rental income mostly paid my mortgage, and I had $17K in side-gig income.  Still.  Jeepers.

Niiice.. Still quitting in 2018?

Yes--very definitely.  No turning back now, even if I wanted to, as I signed paperwork for the Voluntary Separation Incentive Payout, which I will receive on 6/30/18.  My last day of classes will be on April 19.....109 days from now.  :)

Awesome..:)

Ocinfo

  • Bristles
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  • Posts: 295
Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #846 on: December 30, 2017, 01:31:57 PM »
$150k increase with around $60k as investment gains. Had an unusual year with lower than planned contributions so very happy with the gains. Aiming for at least another $150k increase next year if market returns are around average. Really crazy how quickly NW goes up when market does well and you invest ~$100k per year.


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warehouse

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #847 on: December 30, 2017, 03:11:03 PM »
12/31/14   $176,682
12/31/15   $194,077
12/31/16   $240,276
12/30/17   $321,091

This doesn't include any equity in our house, just retirement and cash accounts only. My year end goal was $300k, hit that in September! This seems too easy... I hope I don't lose my mind when a correction comes.
« Last Edit: December 30, 2017, 03:19:07 PM by warehouse »

salt cured

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  • Posts: 43
Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #848 on: December 30, 2017, 03:49:15 PM »
Congratulations everyone. Here's our recorded progress. Our 2015 was actually pretty decent, but we took over $25k in debt from my in-laws. I also got a job that summer (though my wife became unemployed), which has really propelled us these last few years. Hoping to hit $750k this time next year.

12/31/13   $180,500
12/31/14   $228,200
12/31/15   $254,200
12/31/16   $374,800
12/31/17   $566,000

Rubyvroom

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  • Location: Minnesota
Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #849 on: December 30, 2017, 03:58:30 PM »
* Dec 2014 - 12% of target stash
* Dec 2015 - 15% of target stash
* Dec 2016 - 25% of target stash

We found MMM in summer 2016, so the "stash" concept did not exist for us in 2014 or 2015, hence the lackluster improvement from 2014 to 2015. With just a half year of deliberate savings in 2016, we are now 1/4 of the way to our goal. I'm hoping 2017 will be a big year for us, with a full year of MMM mindset under our belts.

And a big year it was. We managed to pull off a 63% savings rate this year. Huzzah.

* Dec 2017 - 42% of target stash