Author Topic: How much has your Net Worth increased since starting MMM?  (Read 50050 times)

Tyson

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Re: How much has your Net Worth increased since starting MMM?
« Reply #250 on: September 02, 2019, 11:58:29 AM »
Our Networth was approximately -$15k when I started reading MMM four years ago.
Now it's $35k. 

$50k improvement over four years is pretty amazing, considering we basically didn't
increase our income in that time.

Also, considering that my NW hadn't budged from being well in the red before that, this is pretty freaking cool.

I realize that $50k might not seem like a lot for some of the hotshots on here, but I'm tired of feeling bad because
I haven't managed to save 50%+ of my income. 

Personally, we saved about 14% of our net income last year.  That was better than the previous year.

We all got our own path to take, so for anyone else on here who has managed to moved from 0% savings to 10% or 15% or 20% savings, I salute you!

Let's keep moving forward the best we can!

Peace

Thumbs up !!!!

@DieHard_772 , you've made the most important change of all.  You've changed your financial trajectory from negative to positive.  You're on an awesome track that most people sadly don't follow.

Right on.  Diehard, I was also in the red for quite a while and the HARDEST part was turning it around from red to black.  Which you have now done.  That's really impressive! 

You'll find that from now on, it's a lot easier.  You've gotten the basic patch/steps in place, and if you keep focused, you'll find that each year you get a little better.  And all those little improvements add up, changing the trick to a flood. 

Well done, sir!

LibrarIan

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Re: How much has your Net Worth increased since starting MMM?
« Reply #251 on: September 18, 2019, 01:14:10 PM »
I started following this blog in late 2014 or so, but I started tracking my net worth in 2015. On 1/1/15, it was $55k, so I'm guessing that in 2014 when I started my journey it was somewhere in the upper $40k range.

I just crossed $200k the other day.

pdxvandal

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Re: How much has your Net Worth increased since starting MMM?
« Reply #252 on: September 24, 2019, 01:05:14 PM »
Early 2013 -- ~400k
Today -- ~850k

This NW increase is all while paying off about $100k of my spouse's student loan and credit card debts, a 10-month "sabbatical" from full-time work, losing $10k "investment" in a local company, and two self-paid cross country moves. Thanks to MMM for keeping me mostly on task and helping me weather the storms.

Hope to hit $1M net worth in 12-18 months and $1M liquid assets in 2-3 years so I can leave FT work, hopefully forever.

KBCB

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Re: How much has your Net Worth increased since starting MMM?
« Reply #253 on: September 24, 2019, 05:50:32 PM »
Wow these are some large numbers. I hope to be with you all someday!

EscapedApe

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Re: How much has your Net Worth increased since starting MMM?
« Reply #254 on: October 25, 2019, 10:21:57 AM »
Wow these are some large numbers. I hope to be with you all someday!

The big numbers seem unattainable when you first start out. But from what everyone reports, the savings really do accelerate faster than you think.

Bird In Hand

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Re: How much has your Net Worth increased since starting MMM?
« Reply #255 on: October 25, 2019, 01:55:00 PM »
The big numbers seem unattainable when you first start out. But from what everyone reports, the savings really do accelerate faster than you think.

True, but the acceleration has a sign.  And while it's fun to see your investment accounts change by N times your salary in a year, it's a little less fun when N < 0  :D

thedigitalone

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Re: How much has your Net Worth increased since starting MMM?
« Reply #256 on: October 25, 2019, 05:57:56 PM »
Oct-15    $567,015.22    
Oct-16    $688,319.91    +21.4%
Oct-17    $912,993.18    +32.6%

October of 2015 we got serious about getting our finances under control, found a better job and made the decision to eliminate our consumer debt across the board, all $65,400 of it, cars, travel trailer, credit cards, we had the whole mess going on.  Fortunately we had been contributing to our 401ks and not mooching off the home equity.

It took 18 months to eliminate all the debt, we also refi'd the house into a 15-year fixed at 3%, we've been making double principal payments but we may stop that and start investing it once I get over the mental hurdle.  We should be ready to FIRE once the house is paid off in ~7 years assuming the market doesn't completely crash at some point.

Along the way I discovered MMM and started lurking and learning, looks like I joined almost exactly 1 year ago, still learning!

Two years have gone by, wow!

Oct-15    $567,015
Oct-16    $688,319
Oct-17    $912,993
Oct-18    $1,199,161
Oct-19    $1,385,537

Still plugging away at it.

EscapedApe

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Re: How much has your Net Worth increased since starting MMM?
« Reply #257 on: October 30, 2019, 12:43:49 PM »
Oct-15    $567,015.22    
Oct-16    $688,319.91    +21.4%
Oct-17    $912,993.18    +32.6%

October of 2015 we got serious about getting our finances under control, found a better job and made the decision to eliminate our consumer debt across the board, all $65,400 of it, cars, travel trailer, credit cards, we had the whole mess going on.  Fortunately we had been contributing to our 401ks and not mooching off the home equity.

It took 18 months to eliminate all the debt, we also refi'd the house into a 15-year fixed at 3%, we've been making double principal payments but we may stop that and start investing it once I get over the mental hurdle.  We should be ready to FIRE once the house is paid off in ~7 years assuming the market doesn't completely crash at some point.

Along the way I discovered MMM and started lurking and learning, looks like I joined almost exactly 1 year ago, still learning!

Two years have gone by, wow!

Oct-15    $567,015
Oct-16    $688,319
Oct-17    $912,993
Oct-18    $1,199,161
Oct-19    $1,385,537

Still plugging away at it.

Damn dude, that's a solid NW. I could retire on that easily.

Sanitary Engineer

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Re: How much has your Net Worth increased since starting MMM?
« Reply #258 on: October 30, 2019, 01:28:34 PM »
I just looked at this.  I had a NW of $88,400 This past spring (June) when I first worked it out after finding MMM. 
Now I have a NW of $94,430. 
Up $6,000 in 5 months! Entirely from paying down debt.  Expenses actually increased over this period with the birth of our 3rd baby who is now in daycare. 
This is encouraging because I was thinking I had a 1% savings rate this year, but if I consider paying debt down as part of savings rate, then it is more like 15%.

brandonw

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Re: How much has your Net Worth increased since starting MMM?
« Reply #259 on: October 31, 2019, 09:27:51 AM »
My NW change since following MMM:

August 2018: $27k
Oct 2019: $152k

Some people's NW changes on here are insane...

 

frugalnacho

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Re: How much has your Net Worth increased since starting MMM?
« Reply #260 on: October 31, 2019, 09:42:57 AM »
My NW change since following MMM:

August 2018: $27k
Oct 2019: $152k

Some people's NW changes on here are insane...

Dude you increased your networth $125k in just over a year.  THAT'S insane!

brandonw

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Re: How much has your Net Worth increased since starting MMM?
« Reply #261 on: October 31, 2019, 09:51:13 AM »
Dude you increased your networth $125k in just over a year.  THAT'S insane!

I'm definitely not complaining!  NW should grow exponentially quicker too as it builds so I feel like that first $100k should've been the hardest but we'll see..  Stay tuned til next year!

jojoguy

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Re: How much has your Net Worth increased since starting MMM?
« Reply #262 on: November 17, 2019, 06:10:18 PM »
About $102,000 more since October 2018! Crazy!

BiggerFishToFI

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Re: How much has your Net Worth increased since starting MMM?
« Reply #263 on: November 18, 2019, 09:14:26 AM »
+ $292,005 since April 2017! Currently $417,791 NW. Wild!

Simpli-Fi

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Re: How much has your Net Worth increased since starting MMM?
« Reply #264 on: November 30, 2019, 10:56:56 PM »

August 2016: $756k

Short term goal August 2017: $900k

New kid on the way so I don't know how this will change things.
New kid is here ,and real estate taxes are expensive this year, but the market is killing it.
December 2016: $859k

Goals
August 2017: $1M
If I can stay employed
August 2018: $1.25M
March 2017: $1M
5 months earlier than expected
December 2017: $1.2M
1-Dec-2019
$1,963,829.66...shouldn't be long to join the 2M club; is that when you become a millionaire...as in plural?

I don't post much, so its fun to see this history, obviously adapting life style to MMM style has strong benefits...investing through 2018 and watching no gains hurt but has paid off well in 2019 so far...big expenses coming in 2020, house and a car while my higher paying job is coming to a close.   

DesertRatNomad

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Re: How much has your Net Worth increased since starting MMM?
« Reply #265 on: December 01, 2019, 08:35:02 AM »
Started reading the blog around February 2013.  Didnít really track my net worth at that point so I have to estimate.  Numbers in parentheses include my pension cash out value.  This includes 2 house flips (50% partner) a couple of windfalls totaling 25k, and a year off of work to live on the road.

February 2013:    16,000     (34,500)

December 2019: 182,650   (228,850)

frugalnacho

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Re: How much has your Net Worth increased since starting MMM?
« Reply #266 on: December 01, 2019, 01:07:56 PM »
May-14   $132.7
...
Apr-19   $505.5
May-19   $518.2

Dec-19     $590.3

nancyfrank232

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Re: How much has your Net Worth increased since starting MMM?
« Reply #267 on: December 01, 2019, 01:30:56 PM »
So, how much more are you worth today, vs when you first started doing MMM?

About $50

But my kid says Iím priceless :)

ASquared

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Re: How much has your Net Worth increased since starting MMM?
« Reply #268 on: December 29, 2019, 10:23:23 PM »
Found MMM in 2013, net worth then approx 350K

2014 - 502,000
2015 - 555,000
2016 - 642,000
2017 - 763,000
2018 - 840,000
2019 - 1,050,000

Travis

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Re: How much has your Net Worth increased since starting MMM?
« Reply #269 on: December 30, 2019, 01:41:37 AM »
Back then (late 2013/early 2014) I wasn't tracking my net worth, but it was probably in the $200-$250k range. It hit $790k on Friday.

$1,013,000 since Friday.

Ending 2019 with $1,200,000.

justchristine

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Re: How much has your Net Worth increased since starting MMM?
« Reply #270 on: December 30, 2019, 08:02:49 AM »
I registered on the forums mid 2012 but I'd already found ERE at that point.

2012 liquid net worth ~$80K
2019 liquid net worth ~$814K

so about $734,000 increase in 7 years.  This just feels surreal.

tips^up

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Re: How much has your Net Worth increased since starting MMM?
« Reply #271 on: December 30, 2019, 09:28:31 AM »
Mid-2019, I got a promotion and salary increase to $82k.  My liquid NW increased $93k between 1/1/19 and 12/2/19.  Thanks MMM!

PVD_Kev

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Re: How much has your Net Worth increased since starting MMM?
« Reply #272 on: December 30, 2019, 11:01:30 AM »
People are damn inspiring on here!  So, for posterity I did my best estimate of NW since discovering MMM in 2015.  The fact that I can actually go back and reliably track this information is itself a testament to the good ideas from MMM.

FWIW, I've been doing this as a recently (2014) divorced dad of two who had the kinds of expenses that no one preparing for FIRE would advise (child support, new home, less control over kids expenses, etc).  DO NOT RECOMMEND!

Also note, I do not include the $500,000 we saved (in 529 funds) for college, since it's the kids money and we are now withdrawing from it for college tuition. Lastly, also note that I did get re-married and that she brought $40k (that's it...her first husband bankrupted them!).

July 2016:   $247,000
July 2017:   $319,000
July 2018:   $356,000
July 2019:   $432,000
July 2020:   $477,000?

Now that divorce-based expenses end in July 2020 I hope to get to $1m by 2025, or sooner.
« Last Edit: December 30, 2019, 11:05:56 AM by PVD_Kev »

Genevieve

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Re: How much has your Net Worth increased since starting MMM?
« Reply #273 on: January 08, 2020, 10:19:31 AM »
May 2012 - $3k
November 2017 - $130k
4300% increase... but only $127k increase.

That included a Ph. D. and three moves and starting out with $60k in income. Now we're at 210k in income. : )

Hopefully, the first $100k is the hardest and it goes faster from here!

Update for May 2019 - $328k
200k more in 18 months... nuts. Feeling very blessed. Our savings rate will go down now that we have a baby on the way, but I'm sure we'll still make progress.

$454k in January 2020. $126k in 8 months! We are getting close to that $500k mark! We will see how long it actually takes now that we are a family of 3 and I'm changing my work situation.