Author Topic: Net worth increase 2020 (i.e. the 'present' you give yourself)  (Read 296378 times)

Nately

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1450 on: January 21, 2021, 07:58:24 AM »
We haven't been tracking it all that closely. But we added it all up recently, and we're at about $3.2M.

Having said that, it's probably right about time for a crash.

ducky19

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1451 on: January 21, 2021, 08:45:43 AM »
$504k to $648k, $144k increase, or 28.5%!

anni

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1452 on: January 21, 2021, 02:41:35 PM »
January 2019 ... (-$35K)
January 2020 ... $20K
January 2021 ... $80K

I'm not even sure how it all happened!

couponvan

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1453 on: January 22, 2021, 08:17:00 AM »
January 2019 ... (-$35K)
January 2020 ... $20K
January 2021 ... $80K

I'm not even sure how it all happened!
Not spending $ you didnít have. 🤣
Better take a pregnancy test....kidding!

anni

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1454 on: January 22, 2021, 11:54:42 AM »
January 2019 ... (-$35K)
January 2020 ... $20K
January 2021 ... $80K

I'm not even sure how it all happened!
Not spending $ you didnít have. 🤣
Better take a pregnancy test....kidding!

I struggle with the basic facts of life 🤷‍♀️

hoosier

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1455 on: January 22, 2021, 01:15:29 PM »
1/1/2020: 753K
1/1/2021:1,001K

Morning Glory

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1456 on: January 23, 2021, 06:37:41 AM »
1/1/2020: 753K
1/1/2021:1,001K


Congratulations!!!!!!!

SaucyAussie

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #1457 on: January 24, 2021, 06:12:33 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.

On the bright side, lots of debt eliminated this year - credit cards, student loans, and alimony all down to zero.  This year I'm going to tackle those pesky 401k loans. 

2013 - $0
2014 - $68K
2015 - $152K
2016 - $238K
2017 - $350K
2018 - $420K
Years to FIRE - 6.98

Still single.

2013 - $0
2014 - $68K
2015 - $152K
2016 - $238K
2017 - $350K
2018 - $420K
2019 - $560K
Years to FIRE - 5.51

I feel like I'm past the halfway mark.

Best year yet! It's starting to feel real...

2013 - $0
2014 - $68K
2015 - $152K
2016 - $238K
2017 - $350K
2018 - $420K
2019 - $560K
2020 - $744K
Years to FIRE - 3.95
« Last Edit: January 24, 2021, 06:14:48 AM by SaucyAussie »

AllTheLights

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #1458 on: January 24, 2021, 10:57:05 AM »
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)

2013: +$29k
2014: -$7k
2015: +$19k
2016: +$37k
2017: +$69k
2018: +43k (personal circumstances changed my spending patterns)
2019: +111k (big year but part of that is home value that was converted into cash with the plan to re-invest in our new house)
2020: +80k (high spending year after moving to a new city but it was planned)

Overall still moving in the right direction.  My spending is higher than ideal but some of that is a choice (and some of it is bad behaviours).

dandarc

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #1459 on: January 25, 2021, 07:52:59 AM »
NW since first posting in this thread:

Dec 2013 - $210K
Dec 2014 - $327K
Dec 2015 - $422K
Dec 2016 - $523K
Feb 2018 - $643K
Jan 2019 - $666K
Jan 2020 - $851K
Jan 2021 - $1,061K

Increased NW by more than our income in 2020. As is increasingly often the case, credit goes more to market returns than to anything we did. 2020 was a ridiculously high spend year for us. We did manage to have some surplus at the end of the day, but we've definitely done better on the savings rate in the past.

redhead84

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1460 on: January 25, 2021, 09:44:20 AM »
NW since we started tracking it in Quicken.

12/31/2014 -  $922K
12/31/2015 -  $955K
12/31/2016 -  $1,097K
12/31/2017 -  $1,305K
12/31/2018 -  $1,272K
12/31/2019 -  $1,721K
12/31/2020 -  $2,292K

2020 was our best year ever with a $570K increase. 

skyrefuge

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1461 on: January 27, 2021, 11:42:11 PM »
Jan 2020: $2.4M
Jan 2021: $3.1M

+$712k

Took 12 years into my career (the majority lived MMM-style) to hit a $712k NW, and now I got that in one year. Exponential growth, man, it's nuts. And the cool thing about riding the exponential curve is that it's the percentage that makes you feel like you're kicking ass, so when you're in it, growing $7k feels just as good as the year you grow $70k, and then the year you grow $700k.

After 2 decades of this, I didn't figure there would be much new to feel, but the one thing I discovered in 2020, as we got near (or, perhaps way-past) the "enough" level, is that even the enormous firehose of cash coming at us from my job (by far the most I've ever made in my career) feels like a squirt gun amidst the crashing waves of our investments in the market. Like, we just lost $50k today, after gaining $200k in the last 50 days. Even if you're making $1k a day at your job, it's like, "what's the point?", since it barely moves the NW needle. Which makes me feel stupid and guilty and evil to even think! But it seems to be a pretty good cure for OMY-itis.

evanc

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Re: Net worth increase 2019 (i.e. the 'present' you give yourself)
« Reply #1462 on: February 10, 2021, 11:46:28 AM »
Update: 6 months later, officially a net worth millionaire!

731,360 invested plus paid off home valued at 318,365 per Redfin (Zillow is about 7% higher, but based on recent sales, I think the more conservative Redfin estimate is more realistic).

As of today: $1,049,725.  Sticking to the plan, keep saving and I plan to retire in 5 more years. So close and yet so far lol

So many inspiring stories. Here's mine:

16: 346,143
17: 397,687
18: 414,661
19: 600,400

And today I'm at 660~ plus 300 in home equity (not included in above figures), so 2020 is shaping up to be the year of officially becoming a net worth millionaire. If you had told me that a couple of years ago when I started this journey, I would have thought it impossible. So fortunate and thankful to have found MMM and all you mustachians. You all rock!

Checking in to update:

Now at 1.24M+ total NW.

From the 13 months, Jan 20 to Feb 21, NW increased 29.2% (including paid off home). If not including home, investments alone increased 37.7% - obviously I have a high (~70%) savings rate. Ahead of schedule for FIRE, but keeping the pedal to the metal. Definitely a huge morale boost to see the needle move so much in a short time.

Thank you all for sharing your inspiring stories. 2021, let's go!

flyfig

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1463 on: February 11, 2021, 11:59:09 AM »
Haven't been on the forums for a bit but 2020 returns made my head spin so glad to see other people feeling the same way.

Jan 2015: $650k
Jan 2016: $910k (real estate profit)
Jan 2017: $1.0M
Jan 2018: $1.2M
Jan 2019: $1.2M
Jan 2020: $1.9M

Steveray7071

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1464 on: February 11, 2021, 01:10:36 PM »
2020 + 161K

bmjohnson35

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1465 on: February 13, 2021, 07:53:55 PM »

2020 + $186K

It's always nice to see the continued high gains, but I'm convinced we will likely see 40% or more crash before midyear 2021 and the start of a much longer term recovery.......not the quick bounce back we saw in 2020.       

mies

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1466 on: February 14, 2021, 05:40:29 AM »

2020 + $186K

It's always nice to see the continued high gains, but I'm convinced we will likely see 40% or more crash before midyear 2021 and the start of a much longer term recovery.......not the quick bounce back we saw in 2020.     

That would be sweet for those of us still accumulating. I was hoping last March's dip was going to last longer than it did. Everything in the markets seems to be happening at an accelerated pace now. If you wait a week or a month for prices to come down, you might miss your opportunity to buy at a relative discount.

I won't be surprised by a correction or two this year, but I'm not sure if we'll see an extended 40% decline. I think we'll see a few stocks with absurdly high prices plummet, but I don't think it will take down the entire market.

2020 was kind to my net worth too in spite of the craziness. I was forced to buy through the dip with my 401(k) and dividend reinvestments. I voluntarily purchased through the dip with my taxable brokerage account. The boring buy and hold index funds strategy works, especially if your time horizon is long and you buy frequently.

fraylock

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1467 on: February 17, 2021, 03:03:22 PM »
Jan 2020: 368k
Jan 2021:624k

Change +256k.  New baby, new house, wife started new job.  So many changes!  I feel fortunate to be on the good side of this unequal economy.

eazyebeneezer

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #1468 on: February 22, 2021, 08:11:57 PM »
Dec 2011: ~53k
Dec 2012: ~59k
Dec 2013: ~65k
Dec 2014: ~78k
Dec 2015: ~85k
Dec 2016: ~91k
Dec 2017: ~108k
Jan 2018: enter the Mustachian awakening
July 2018: ~145k
Dec 2018: ~420k (got married and combined finances; I married well)
Dec 2019: ~600k
Dec 2020: ~780k

mbk

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1469 on: March 13, 2021, 07:06:03 PM »
My NW increase is modest compared to the awesome numbers being posted by others.

2019        ~$350k
2020        ~$430k

An increase of ~$80k.

Plusses (~$110k) are 401k contributions, stock market gains, equity gains in the rental properties and primary house by the rise in the zillow estimated value of properties plus mortgage pay-off.
Minus (~$30k) is write-off of loans given to family.

I am always astounded by the super high YOY NW gains achieved by the forum members. 5 years ago, an annual increase of NW by $80k seemed unthinkable for me. But now its becoming routine for me. So hopeful about bigger numbers in the future.

Dicey

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1470 on: March 14, 2021, 09:28:27 AM »
My NW increase is modest compared to the awesome numbers being posted by others.

2019        ~$350k
2020        ~$430k

An increase of ~$80k.

Plusses (~$110k) are 401k contributions, stock market gains, equity gains in the rental properties and primary house by the rise in the zillow estimated value of properties plus mortgage pay-off.
Minus (~$30k) is write-off of loans given to family.

I am always astounded by the super high YOY NW gains achieved by the forum members. 5 years ago, an annual increase of NW by $80k seemed unthinkable for me. But now its becoming routine for me. So hopeful about bigger numbers in the future.
Just wait until you get to the point that you anticipate smaller numbers in the future. That's when the market goes "on sale" and creates lovely things called buying opportunities. The downs actually help you get ahead when managed correctly.

SDF

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #1471 on: April 05, 2021, 11:12:10 PM »
1/1/2017 ~ $70,000
1/1/2018 ~ $126,000 (+$56,000)

1/1/2019 ~ $154,000 (+$28,000)
1/1/2020 ~ $241,000 (+$87,000)
1/1/2021 ~ $336,000 (+$95,000)

Um, wow. Astounding to me, seeing back to back years with increases that eclipse my balance from just four short years ago. Almost half of the increase is contributions still, but that means that over half of the increase was the market at work, which, again...wow.
« Last Edit: April 05, 2021, 11:15:16 PM by SDF »

marcus_aurelius

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1472 on: April 06, 2021, 04:01:31 PM »
Net worth, including a ~$2M house in the VHCOL Bay Area. The main story in the last few years: high-paying jobs combined with aggressive saving, great growth in 401K and taxable equities, and aggressive paying down of the mortgage (still owe ~$200K).

2015 ~ $2.6M
2016 ~ $2.7M
2017 ~ $2.9M
2018 ~ $3.3M
2019 ~ $3.6M
2020 ~ $4.1M
2021 ~ $4.9M

To paraphrase Albert Einstein, ďThe most powerful force in the Universe is compound interest.Ē