Author Topic: Net worth increase 2022 (i.e. the 'present' you give yourself)  (Read 456825 times)

Mississippi Mudstache

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Re: Net worth increase 2022 (i.e. the 'present' you give yourself)
« Reply #1700 on: January 03, 2025, 10:03:59 AM »
2013 - $10k?
2014 - $49k
2015 - $101k
2016 - $180k
2017 - $288k
2018 - $318k
2019 - $442k
2020 - $575k
2021 - $775k
2022 - $697k
2023 - $917k
2024 - $1,111k

Net worth is up $194k YoY. Added about $113k, siphoned off about $40k (transaction costs for buying a house), then assets are up about $120k. Joined the two comma club this year! Expenses are rather higher now with the new house, but feels nice to be putting down roots and it comes with lots of projects to putter on, so I'm comfortable with the tradeoff there

You and I are on a very similar trajectory, and have been tracking for about the same amount of time. Nice work on the two-comma club!

mbk

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Re: Net worth increase 2023 (i.e. the 'present' you give yourself)
« Reply #1701 on: January 03, 2025, 06:03:05 PM »
NW
----
12/31/2021: $633k
12/31/2022: $637k
12/31/2023: $870k
12/31/2024: $1,300k
----------------------

Saw $400k+ gain in NW.

rebel_quietude

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Re: Net worth increase 2022 (i.e. the 'present' you give yourself)
« Reply #1702 on: January 04, 2025, 07:56:33 AM »
2023: $329,837

2024: NW increase of $307,072

This is with 20k less from my contributions than last year (about 60k vs 80k).

 I'm going to take house equity out of the 'stache total next year so it may decelerate a little, but it's nice to see growth totaling twice my earned income!

Apples

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #1703 on: January 04, 2025, 04:49:47 PM »
December 2013:    $43,800
December 2014:    $70,200  (up $26,400)
December 2015:  $107,700  (up $37,500)
December 2016:  $153,950  (up $46,250)
December 2017:  $219,525  (up $65,575)
December 2018:  $272,446  (up $52,921)
December 2019:  $370,526  (up $98,080)
December 2020:  $392,251  (up  $21,725) lowest increase since I graduated college and we got married.  Long slog of a year after buying a farm.
December 2021:  $606,664  (up $214,413) 
December 2022:  $742,242 (up $135,578).  (Government ERP program rained money out of the sky.)
December 2023:  $936,189 (up $193,947)
It's also weird that there's a decent chance that we will become millionaires in 2024.  Woahhh. 

Well we did become millionaires in 2024!  We also had a baby!  Woohoo!

December 2024:  $1,129,727.97 (up $181,444.44)

Well we barely save money now, so lol the gains are just thanks to farm loan paydown and market gains at this point.  In 2024, we saved $18,190, our investments went up $127,000, and paid down the farm loans by $17,000.  I started a HYSA for our very large pile of savings* that brought in around $5,000 in interest.  And $15,000 was put aside for college that was "floating" in our checking account. That is not something I'm going to get into explaining lol.  Overall a good year, but as I said savings that we do are a small part.

*The farm had a profit of $250,000 in 2023, and in 2024 it's shaping up to have a slight loss.  2025 looks grim (because we use the income from the 2024 crop).  So, I keep a very large pile of cash in case there's several bad years in a row.  You can weather one bad year with a LOC, but not 3.  The pile of savings is for that eventuality.

SanDiegoFIhopeful

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Re: Net worth increase 2019 (i.e. the 'present' you give yourself)
« Reply #1704 on: January 06, 2025, 10:59:12 AM »
2024 overview:

Retirement: $771k
Cash and equiv: $240k (going to be buying an investment property in 2025 otherwise this amount would be much lower and taxable investments would be higher)
Taxable investments: $220k
TOTAL: $1.231M

Home: 1.45M (discount from closest comp that sold down my street for 1.575); less $589k mortgage, 25 yrs left at 2.5%; 860k equity
Other debt: $36k, solar loan plus car

Total Net Worth: About 1.2M excluding home equity, ~2.05M including. Progress has slowed with two toddlers around now (4 and 2), but picking back up over the last six months and kindergarten awaits next fall!

Also have $600k of granted but not vested RSUs/profit sharing between the mrs. and myself that isn't counted. I was including a portion of unvested RSUs in prior years which I don't want to be doing going forward.


Jan 1, 2019: $419k ($284k in investments, $135k in home equity)
Jan 1, 2020: $654k ($434k in investments, $220k in home equity)
Jan 1, 2021: $1,016k ($751k in investments, $265k in home equity)
Jan 1, 2022: $1,447k ($947k in investments, $500k in home equity using a 5% discount from the avg of Zillow & Redfin's estimates for my house)

Change of $431k or 42%. Need a 38% increase to hit 2mm this year. Seems highly unlikely but will give it our best!


OttawaNeal

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Re: Net worth increase 2022 (i.e. the 'present' you give yourself)
« Reply #1705 on: January 07, 2025, 07:16:07 AM »
Jan 2018:  543K
Jan 2019:  605K
Jan 2020:  802K
Jan 2021:  897K
Jan 2022:  1.18M
Jan 2023:  1.10M
Jan 2024:  1.33M

Jan 2018:  543K
Jan 2019:  605K
Jan 2020:  802K
Jan 2021:  897K
Jan 2022:  1.18M
Jan 2023:  1.10M
Jan 2024:  1.33M
Jan 2025:  1.76M (Was a better year than I'd realized) :)

couponvan

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #1706 on: January 07, 2025, 11:01:11 AM »
In millions
12/16 $1.31
12/17 $1.49
12/18 $1.59
12/19 $1.79 Smoke break due to cancer
12/20 $2.43 
12/21 $2.78
12/22 $2.85
12/23 $3.11 Back to work after smoke break to pay for college
12/24 $3.70. 19% increase in net worth. We are happy with that number given $125K in OOS college expenses for 2 kids in 2024 we cash flowed.  I continued working part time to pay tuition and will probably do another OMY of part time to get to my 55 early retirement funds access.  Once bonuses for 2025 come in, we will reevaluate (bonus is target at his salary).  Part time was better in 2024, but still not as fun or level of hours as it should have been for the amount I get paid. DH is loving his job though and we get to do lots of travel with it.  My job gives me the flexibility to travel with DH, so we kind of springboard vacations through business travel. Travel is a life goal for us, so getting paid to do so is even better.  DH says he doesn't want to retire early because he's having too much fun. I have some aging family members who may require more of my time/efforts in 2025. We will see how things pan out.

 

Wow, a phone plan for fifteen bucks!