Hi, I'm Dave. I'm 38 Wife is 36, and we have 2 boys ages 2 & 4. I spent every penny I earned until I met my wife, about 10 years ago. Since then I have been reading this site and tracking my expenses. We have no plans to actually FIRE, but hope to start our own business someday.
Our household income rose gradually from 70k to 102k over the 10 year period and jumped to 150k in early 2020.
I have trended net worth over the past 10 years, here is how it looks.
Year Net Worth by year Change $ (Year) Change % (Year) Notes
1/1/2011 $112,000.00
1/1/2012 $140,000.00 $28,000.00 25%
1/1/2013 $168,752.00 $28,752.00 21%
1/1/2014 $278,443.90 $109,691.90 65% Sale of rental property
1/1/2015 $326,090.21 $47,646.31 17%
1/1/2016 $344,750.81 $18,660.60 6%
1/1/2017 $413,239.24 $68,488.43 20%
1/1/2018 $491,735.41 $78,496.17 19%
1/1/2019 $541,302.00 $49,566.59 10%
1/1/2020 $637,323.23 $96,021.23 18%
1/1/2021 $835,000 Estimated $198,000 31%
The breakdown is as follows
Cash on hand $6,000
Emergency fund, $10,000
Brokerage account - Stock $21,232 mostly in my company.
Roth IRAs (Mine) $74,277 (about 70% ETFs the remainder Amazon Stock) did really well this year
Roth IRA (Wife) $60,897 (about 70% ETFs the remainder Costco Stock) that the part she picked.
401k (243,556) About half is in a S&P index fund, the other is a mixture of low-cost funds. Contributing 8% (employer matches 3%)
UMTA #1 16,395 (I use this to pay for his preschool $350/Month )
UMTA #2 3,119 (I gift stock with 1,000$ worth of gains from the brokerage to each UMTA each year)
College Savings #1 $25,893 (not a 529)
College Savings #2 $7110.15 (not a 529)
HSA $10,450
Our only debt is our house, worth approx 520k, still owe 220k@3.875 I have been paying an extra 1,000 each month and plan to pay it of by 2026
Am I missing any opportunities?
Diversified enough?
I would love to hear your thoughts!