Author Topic: Net worth increase 2021 (i.e. the 'present' you give yourself)  (Read 341678 times)

AllTheLights

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #1450 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 #1451 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 #1452 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 #1453 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 #1454 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 #1455 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 #1456 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 #1457 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 #1458 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 #1459 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 #1460 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 #1461 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 #1462 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 #1463 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 #1464 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

Sailor Sam

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1465 on: December 22, 2021, 08:55:56 PM »
Time to resurrect this most enjoyable thread! Iím going to wait until 31-Dec to update, but this serves as a bump.

SaucyAussie

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Re: Net worth increase 2017 (i.e. the 'present' you give yourself)
« Reply #1466 on: December 24, 2021, 10:23:04 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
Zero to a mil in 8 years.  Thank you market.  Thank you sensible Camry.  Thank you divorce!

2013 - $0
2014 - $68K
2015 - $152K
2016 - $238K
2017 - $350K
2018 - $420K
2019 - $560K
2020 - $744K
2021 - $1,009K
Years to FIRE - 1.36

Roland of Gilead

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1467 on: December 24, 2021, 10:25:42 AM »
I made the mistake of looking to see where we would be if we had kept working.  Even if we had sold all of the company stock bonuses right when they vested, if we had continued to work through 2021 instead of retiring in 2015, our net worth would be something around $14,000,000.

Oops.

maisymouser

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1468 on: December 24, 2021, 10:28:57 AM »
I made the mistake of looking to see where we would be if we had kept working.  Even if we had sold all of the company stock bonuses right when they vested, if we had continued to work through 2021 instead of retiring in 2015, our net worth would be something around $14,000,000.

Oops.

Had me chuckling. How honest!

Roland of Gilead

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1469 on: December 24, 2021, 10:32:33 AM »
I made the mistake of looking to see where we would be if we had kept working.  Even if we had sold all of the company stock bonuses right when they vested, if we had continued to work through 2021 instead of retiring in 2015, our net worth would be something around $14,000,000.

Oops.

Had me chuckling. How honest!

Gotta never look at the river card when you have already folded I guess.   And you never know how fate works.  We could have died in a horrible car accident while commuting to work during those 6 retired  years.  Also, time is money, but money can't buy time.

johndoe

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1470 on: December 25, 2021, 06:48:28 AM »
Gotta never look at the river card when you have already folded
I suppose you should be comparing 6 years of retirement to something more positive to losing a card game ha!

Here's a request: when we do these annual stats, can we include how much of the NW change was contributions and how much was passively-earned?  It's nice to see other people's results, but it doesn't mean much without some other data.  Thoughts?  And maybe specify real estate assumptions? (And maybe we should move the talk to a new thread that isn't titled "2020"?)
« Last Edit: December 25, 2021, 06:54:02 AM by johndoe »

G-dog

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1471 on: December 25, 2021, 09:26:25 AM »
Gotta never look at the river card when you have already folded
I suppose you should be comparing 6 years of retirement to something more positive to losing a card game ha!

Here's a request: when we do these annual stats, can we include how much of the NW change was contributions and how much was passively-earned?  It's nice to see other people's results, but it doesn't mean much without some other data.  Thoughts?  And maybe specify real estate assumptions? (And maybe we should move the talk to a new thread that isn't titled "2020"?)

The OP ( @marty998 ) can (and has in the past) change the thread title.  The thread was started in 2014, and I like seeing folks cumulative results (versus a new thread).  Some of us show a summary of past years with each update.
« Last Edit: December 25, 2021, 09:29:13 AM by G-dog »

marty998

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1472 on: December 25, 2021, 03:45:28 PM »
Gotta never look at the river card when you have already folded
I suppose you should be comparing 6 years of retirement to something more positive to losing a card game ha!

Here's a request: when we do these annual stats, can we include how much of the NW change was contributions and how much was passively-earned?  It's nice to see other people's results, but it doesn't mean much without some other data.  Thoughts?  And maybe specify real estate assumptions? (And maybe we should move the talk to a new thread that isn't titled "2020"?)

The OP ( @marty998 ) can (and has in the past) change the thread title.  The thread was started in 2014, and I like seeing folks cumulative results (versus a new thread).  Some of us show a summary of past years with each update.

Hello. OP checking in after being fairly absent the past few months. I'd forgotten all about this thread... and I didn't even get the bat-signal notification that you'd pinged me :(

Was just feeling a little nostalgic today about a few things and people so I logged in.

I will update the thread heading now.

Reminder that the thread was inspired by the blog post about giving your future self a present by having your shit sorted yesterday (I love a play on words).

Given it is now the future, it is nice to see so many with big fat presents this year.

Merry Christmas everyone.

G-dog

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1473 on: December 25, 2021, 05:30:47 PM »
Happy Holidays @marty998!

SwordGuy

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1474 on: December 25, 2021, 08:41:57 PM »
2012 $0.50M Found MMM in November after 30 years of toil.  Changed behavior in December.
2015 $1.05M 3 rental properties plus a 66% savings rate.
2016 $1.90M Inheritance plus savings
2017 $2.52M
2018 $2.53M Retired in May
2019 $2.73M
2020 $2.82M
2021 $3.12M

Helped someone start a trucking business and spent gobs of money on improving our home studio's electrical and hvac needs, repairing and painting home exterior, a new hvac for a rental, and lots of metal casting and 3D printing equipment.

Real estate appreciation plus stock market growth account for the gains.

Other than covid it was a great year.
« Last Edit: December 26, 2021, 09:02:34 PM by SwordGuy »

Wintergreen78

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1475 on: December 25, 2021, 10:13:22 PM »
Jan 2018 - $857k I quit working at the end of January and was just over $900k with my final paychecks and vacation payout.
Jan 2019 - $787k The little downturn during my first year not working was an interesting little gut check, but I stuck to my spending/investment plan.
Jan 2020 - $902k Back to where I was when I ďretiredĒ and I even bought a brand new car! Living a life of luxury.
Jan 2021 - $981k I started a new job almost the exact day my net worth rolled over $1M
Now - $1.132M

It is kind of nice working a job when you know you donít actually need the money. Iíve been putting my savings this last year into cash. I expect I will buy a place in the coming year. This second round of my career will keep going as long as Iím enjoying it.

SimpleCycle

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1476 on: December 26, 2021, 08:41:49 AM »
I made the mistake of looking to see where we would be if we had kept working.  Even if we had sold all of the company stock bonuses right when they vested, if we had continued to work through 2021 instead of retiring in 2015, our net worth would be something around $14,000,000.

Oops.

Had me chuckling. How honest!

Gotta never look at the river card when you have already folded I guess.   And you never know how fate works.  We could have died in a horrible car accident while commuting to work during those 6 retired  years.  Also, time is money, but money can't buy time.

This really strikes me as true.  My dad never got to retire - he died of melanoma at 61.  But he and my mom decided not to put off travel until retirement, so we have wonderful memories of trips together.  I'm so glad they made that decision, even if the math said otherwise.

Malcat

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1477 on: December 26, 2021, 10:54:35 AM »
I made the mistake of looking to see where we would be if we had kept working.  Even if we had sold all of the company stock bonuses right when they vested, if we had continued to work through 2021 instead of retiring in 2015, our net worth would be something around $14,000,000.

Oops.

Had me chuckling. How honest!

Gotta never look at the river card when you have already folded I guess.   And you never know how fate works.  We could have died in a horrible car accident while commuting to work during those 6 retired  years.  Also, time is money, but money can't buy time.

I personally have no problem noting how rich I would be if I had made different choices. Whenever I think about that, it reminds me that no amount of money would have been worth burning myself out and injuring myself even further.

Just a year ago I made a brutally difficult decision to either be very rich or very happy. I actually enjoy thinking about how useless those millions would be to me knowing what I know now.

That said, I retired with the most perfect timing that was ever humanly possible. So I have the benefit of knowing without a scrap of a doubt that more money would not have been worth the trade off.

So I just laugh at the wealth I could have had, because it would have been worthless to me compared to the time I actually NEED right now.

givemesunshine

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1478 on: December 28, 2021, 02:53:15 AM »
31st Dec 2015 - $161K
31st Dec 2016 - $195K
31st Dec 2017 - $236K
31st Dec 2018 - $266K
31st Dec 2019 - $347K
31st Dec 2020 - $377K
31st Dec 2021 - $471K

Significant salary increase (promotion), a good investment year and compounding is starting to make an impact.

StarBright

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Re: Net worth increase 2020 (i.e. the 'present' you give yourself)
« Reply #1479 on: December 28, 2021, 08:07:11 AM »
The engine of money is astonishing.

In January 2016 (when I started focusing on FIRE for myself) we had just over 125k in retirement savings. That is also the year StarHus started his full time career.

In January 2020 we were at around 440k and as of a few days ago we were at just under 550k (not including home equity).

What is even crazier to me is that I've never managed to max my 401k (though I've come close a few years). The only "strategy" we've had is to try and squeeze a bit extra to throw into the market during obvious drops and we've never pulled money out.

I've been saving steadily since I was 17 years old and it is wild to me how the savings took off with several years of a good market, hitting the hundred k threshold, and having two incomes.

One year later - we are up around 200k, not including home equity.

I am from a very blue collar background, and while I have an academic understanding of capital, I am weirded out by seeing these gains as mine on paper. It doesn't quite compute.
« Last Edit: December 28, 2021, 08:12:49 AM by StarBright »

Turtle

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1480 on: December 28, 2021, 11:53:07 AM »
Retirement and Investment accounts increase for the last three years, rounded to the nearest K

2019     135K
2020       88K
2021     139K (plus or minus market fluctuation this week)

Included in that increase is maxing out my 40lk contributions each year.  That is the only cash I've been putting in recently - no additional savings outside that for the past 3 years.

Primary residence (mortgaged) and paid off vehicle not included.

soily

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1481 on: December 29, 2021, 11:36:02 AM »
2021: 111k
Goal 2022: 183k (investments, finish heated/cooled addition, misc)
« Last Edit: December 29, 2021, 12:19:08 PM by soily »

BoonDogle

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1482 on: December 29, 2021, 01:24:11 PM »
2020 - +527k
2021 - +286k

Not quite as good as 2020 but I'll take it.  Need another round of panic-selling by investors.

ETA - numbers for 2021 are through 9/30.  Should be quite a bit higher for the year barring a major setback between now and 12/31.
« Last Edit: December 29, 2021, 01:28:49 PM by BoonDogle »

johndoe

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1483 on: December 29, 2021, 07:01:03 PM »
2021: saved ~$40k while investments up ~$100k ... kind of sobering to see passive growth rival annual salary!  Investments are now at 21x annual budget and 5x annual salary.  Zillow claims home value increased 25%, which seems absurd.

JAYSLOL

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1484 on: December 30, 2021, 08:41:22 AM »
End 2017 @ $64k
2018 +$18k  NW $82k @ end of 2018
2019 +$30k  NW $112k @ end of 2019
2020 +$16k  NW $128 @ end of 2020
2021 +$35k  NW $163 @ end of 2021

New record gain for this year, would love to say it was all savings but the market really helped.  Goal for 2022 is to save $100/day or $36,500 for the year plus or minus any market activity.  Not going to be easy, it would put us pretty much right at a 50% savings rate after tax.  Wish me luck!

SpareChange

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1485 on: December 30, 2021, 10:32:13 AM »
End 2017 @ $64k
2018 +$18k  NW $82k @ end of 2018
2019 +$30k  NW $112k @ end of 2019
2020 +$16k  NW $128 @ end of 2020
2021 +$35k  NW $163 @ end of 2021

New record gain for this year, would love to say it was all savings but the market really helped.  Goal for 2022 is to save $100/day or $36,500 for the year plus or minus any market activity.  Not going to be easy, it would put us pretty much right at a 50% savings rate after tax.  Wish me luck!

Good luck!!!

MissNancyPryor

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1486 on: December 30, 2021, 10:37:22 AM »
I am sheepish about my ridiculously high current net worth but this thread is really valuable so I will contribute.  I FIREd in 2019 and have only added the $3,600-ish annual contribution maximum for my HSA, that is the only "saving" I do now. 

In 2020 my stache grew +900K and in 2021 it will be about +650k added.  I paid off my daughter's six figure student loan this year.  I really should go update that thread soon, it is timely given the moratorium on payments.

Remember the crash of Christmas Eve 2018? Dow closed at ~21,800 that day, a blood bath.  If someone told me at that time that in 3 years you will have 250% of that stache and will have enjoyed a blissful retirement for most of the time since then I would not have believed it.  Especially when you consider the gutting of the early Covid days, where quite a few posters on this board were absolutely certain that selling was the smart thing to do because it was different this time.  We don't hear much from them now. 

For those aspiring to get to FIRE, keep chugging, keep planting those seeds.  It is absolutely worth it as you later relax in the shade of the mighty oaks you cultivate.

Strange how I am "sheepish."  I saved and carefully grew this stache and I am rooting for those still working toward their goal, but it is awkward to admit the actual numbers, even among like-minded and anonymous folk.   

Dr Kidstache

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1487 on: December 30, 2021, 12:24:30 PM »
I'm up about $140,000 for the year. A little less than prior years but I did just buy a spendy house so there have been extra expenses with that.

StarBright

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1488 on: December 30, 2021, 12:27:26 PM »
I am sheepish about my ridiculously high current net worth but this thread is really valuable so I will contribute.  I FIREd in 2019 and have only added the $3,600-ish annual contribution maximum for my HSA, that is the only "saving" I do now. 

In 2020 my stache grew +900K and in 2021 it will be about +650k added.  I paid off my daughter's six figure student loan this year.  I really should go update that thread soon, it is timely given the moratorium on payments.

Remember the crash of Christmas Eve 2018? Dow closed at ~21,800 that day, a blood bath.  If someone told me at that time that in 3 years you will have 250% of that stache and will have enjoyed a blissful retirement for most of the time since then I would not have believed it.  Especially when you consider the gutting of the early Covid days, where quite a few posters on this board were absolutely certain that selling was the smart thing to do because it was different this time.  We don't hear much from them now. 

For those aspiring to get to FIRE, keep chugging, keep planting those seeds.  It is absolutely worth it as you later relax in the shade of the mighty oaks you cultivate.

Strange how I am "sheepish."  I saved and carefully grew this stache and I am rooting for those still working toward their goal, but it is awkward to admit the actual numbers, even among like-minded and anonymous folk.   

This is incredible and thank you for sharing! For what it is worth, my parents retired at traditional retirement age and are finding the same thing. Their money is earning more than they can spend (as they've always been frugal). Sheepish is exactly the word my dad used when he and I were talking about it last week.

marty998

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1489 on: December 30, 2021, 04:28:43 PM »
I am sheepish about my ridiculously high current net worth but this thread is really valuable so I will contribute.  I FIREd in 2019 and have only added the $3,600-ish annual contribution maximum for my HSA, that is the only "saving" I do now. 

In 2020 my stache grew +900K and in 2021 it will be about +650k added.  I paid off my daughter's six figure student loan this year.  I really should go update that thread soon, it is timely given the moratorium on payments.

Remember the crash of Christmas Eve 2018? Dow closed at ~21,800 that day, a blood bath.  If someone told me at that time that in 3 years you will have 250% of that stache and will have enjoyed a blissful retirement for most of the time since then I would not have believed it.  Especially when you consider the gutting of the early Covid days, where quite a few posters on this board were absolutely certain that selling was the smart thing to do because it was different this time.  We don't hear much from them now. 

For those aspiring to get to FIRE, keep chugging, keep planting those seeds.  It is absolutely worth it as you later relax in the shade of the mighty oaks you cultivate.

Strange how I am "sheepish."  I saved and carefully grew this stache and I am rooting for those still working toward their goal, but it is awkward to admit the actual numbers, even among like-minded and anonymous folk.   

This is incredible and thank you for sharing! For what it is worth, my parents retired at traditional retirement age and are finding the same thing. Their money is earning more than they can spend (as they've always been frugal). Sheepish is exactly the word my dad used when he and I were talking about it last week.

Amazing, yes thanks for sharing @MissNancyPryor.

Like you and @StarBright I am also a bit sheepish now at how things have gone this year. Not just with the absolute size of the stash, but also because so many people out there have struggled over the past two years with job losses and being in need of assistance, through no fault of their own. A little bit of guilt in other words.

The pandemic has exposed a fault line here - it's not as simple as saying "it's all on you, you should have been prepared", but those who were prepared with emergency funds and buffers in the good years will have fared better now than those who did not (self evident truth).

I'm not going to be sorry for the decisions I took 5, 10, 15 years ago. I am going to be grateful for them, and thank my past self for the present I now have. I never would have dreamed of a NW approaching $2m... it's a relief to know a solid base is there for the rest of my life.

MissNancyPryor

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1490 on: December 30, 2021, 04:44:42 PM »
I am sheepish about my ridiculously high current net worth but this thread is really valuable so I will contribute.  I FIREd in 2019 and have only added the $3,600-ish annual contribution maximum for my HSA, that is the only "saving" I do now. 

In 2020 my stache grew +900K and in 2021 it will be about +650k added.  I paid off my daughter's six figure student loan this year.  I really should go update that thread soon, it is timely given the moratorium on payments.

Remember the crash of Christmas Eve 2018? Dow closed at ~21,800 that day, a blood bath.  If someone told me at that time that in 3 years you will have 250% of that stache and will have enjoyed a blissful retirement for most of the time since then I would not have believed it.  Especially when you consider the gutting of the early Covid days, where quite a few posters on this board were absolutely certain that selling was the smart thing to do because it was different this time.  We don't hear much from them now. 

For those aspiring to get to FIRE, keep chugging, keep planting those seeds.  It is absolutely worth it as you later relax in the shade of the mighty oaks you cultivate.

Strange how I am "sheepish."  I saved and carefully grew this stache and I am rooting for those still working toward their goal, but it is awkward to admit the actual numbers, even among like-minded and anonymous folk.   

This is incredible and thank you for sharing! For what it is worth, my parents retired at traditional retirement age and are finding the same thing. Their money is earning more than they can spend (as they've always been frugal). Sheepish is exactly the word my dad used when he and I were talking about it last week.

Amazing, yes thanks for sharing @MissNancyPryor.

Like you and @StarBright I am also a bit sheepish now at how things have gone this year. Not just with the absolute size of the stash, but also because so many people out there have struggled over the past two years with job losses and being in need of assistance, through no fault of their own. A little bit of guilt in other words.

The pandemic has exposed a fault line here - it's not as simple as saying "it's all on you, you should have been prepared", but those who were prepared with emergency funds and buffers in the good years will have fared better now than those who did not (self evident truth).

I'm not going to be sorry for the decisions I took 5, 10, 15 years ago. I am going to be grateful for them, and thank my past self for the present I now have. I never would have dreamed of a NW approaching $2m... it's a relief to know a solid base is there for the rest of my life.

Exactly this.  I lived through the dot-com bust and 2008 among other gut wrenching bad market times.  I never bailed out, I never declared the whole thing as fixed and a big spinning wheel casino, I just kept plugging away and saving throughout.  I learned not to get in over my head and that no one owes me anything. 

Any chance there are people who are waking right the hell up now in the covid era?  Some will.  Lots more won't.     

Virtus3

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1491 on: December 30, 2021, 06:53:20 PM »
We increased our net worth $79k in 2021 from $298k to $377k.

Travis

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Re: Net worth increase 2014 (i.e. the 'present' you give yourself)
« Reply #1492 on: December 30, 2021, 08:45:35 PM »
JAN 2014 - $364k (owned a truck, a garage full of "stuff," investments were fairly conservative and spread across 30 high fee funds. And half that $364k was cash!
DEC 2014 - $458k (sold truck, sold stuff, started Roth IRA for DW, got into Vanguard with a much more aggressive AA, deployed and came close to maxing the extended TSP limit)

DEC 2015 - $525k give or take what happens next week.  This year was fairly straightforward as far as AA and contributions go so my NW increase was pretty much what I put in to it since I had zero growth.

DEC 2016 - $650k. So around a $125k increase, and $72k of that is contributions.

As of 1 Dec, $850k.  $200k increase, $71k in contributions. Compounding for the win.

As of 27 Dec close, $866k after $76k in contributions.  A more or less down year like a lot of folks, but I still ended the year up based on our savings rate.  On a different forum somebody remarked "OMG, I lost $100k in net worth this year...OMG, my net worth is high enough that I have $100k to lose!"  It's definitely a good way of looking at how the market went this year.

As of 28 DEC: $1,208,000. $90,500 in contributions.

Reporting a little early this year. 20 DEC: $1,507,000. $89,000 in contributions.  $1,600,000 is on the higher scale of my FIRE target, and still have three more years until retirement.

$1,972,000. So close to the $2MM club. $98,500 in contributions. The difference in contributions was COVID stimulus. Our spending stayed pretty flat YoY.

twbird18

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1493 on: December 30, 2021, 09:42:51 PM »

NW: 2020 - $265K
       2021 - $415K

$150K increase. Pretty good. Going for $200K this year.

The Beebsta

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1494 on: December 31, 2021, 01:01:09 AM »
Hey everyone! This is my first post to the forum. I've lurked for maybe close to 5 years but finally pulled the trigger on actually creating an account to post. I love seeing the annual updates so figured this was a great place for me to join in. I started tracking wealth in 2012 when we bought our first home. All values are in AUD and include the value of our PPOR (which makes up 45% of our assets and net wealth as we are in a major Australian city). Forgive me if the formatting doesn't work, I haven't figured it out yet.
Year     Net Assets  Movement
2012    $440k   
2013    $585k        $145k
2014    $791k        $206k
2015    $788k        $(3)k (sold first home and bought second home/PPOR. Paid roughly $100k in transaction costs)
2016   $1,039k      $251k
2017   $1,304k      $265k
2018   $1,343k      $ 39k (major house renovation when house values were decreasing)
2019   $1,626k      $283k
2020   $1,831k      $205k
2021   $2,480k      $650k (insane house price and share market increases)
So many life events are represented here over the last 10 years. Here's a summary of just a few of the highlights:
We sold our first home (a 3 bedroom townhouse in a very fancy suburb) and bought what could be a forever home (4 bedroom + large yard house in a slightly less fancy but still very nice neighbourhood).
We went from a single income household to a double income household paying childcare to not paying childcare.
Spouse hit a major career milestone that came with a significant pay increase.
Bought an investment property.
Started making monthly contributions to investment portfolio.
Started maxing out our superannuation contributions.
I was made redundant and started my own consulting business.
My spouse left their high paying job to join me in the consulting business.

I am fully expecting to go backwards next year because 2021 was so good financially, and with both of us working in the new business we don't have any guaranteed income which is slightly scary but we are working hard to make it a success.
« Last Edit: December 31, 2021, 01:34:31 AM by The Beebsta »

YellowCat

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1495 on: December 31, 2021, 07:04:38 AM »
Dec 2019: $1,030,547
Dec 2020: $1,355,244 (+$324,697)
Dec 2021: $1,778,865 (+$423,621)

The increase in our NW since 2019 is honestly almost unimaginable to me. Let's see what 2022 will bring.

w@nker

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1496 on: December 31, 2021, 07:06:30 AM »
YE 2020 NW:  $3.60 M
YE 2021 NW:  $5.95 M
Gain:             $2.36 M

It has been a crazy year.  I am just waiting on the bubble of everything to come crashing down.

Rubyvroom

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Re: Net worth increase 2016 (i.e. the 'present' you give yourself)
« Reply #1497 on: December 31, 2021, 09:48:22 AM »
% of target stash:

* 2014 - 12%
* 2015 - 15%
* 2016 - 25% <-- found MMM
* 2017 - 42%
* 2018 - 37% <-- bought land
* 2019 - 67% <-- sold house

Onward!

* 2014 - 12%
* 2015 - 15%
* 2016 - 25% <-- found MMM
* 2017 - 42%
* 2018 - 37% <-- bought land
* 2019 - 67% <-- sold house
* 2020 - 74%
* 2021 - 102% <--- FIREd 2 weeks ago :)

Feeling immense gratitude to this community and all I've learned from you fine folks. I really appreciate all of the real world examples, resources/links, beating up/refining of certain topics that I might not have ever heard of on my own.

Happy New Year everyone - stay healthy and happy and keep on rocking it.

Longwaytogo

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Re: Net worth increase 2021 (i.e. the 'present' you give yourself)
« Reply #1498 on: December 31, 2021, 09:53:44 AM »
End 2017 @ $64k
2018 +$18k  NW $82k @ end of 2018
2019 +$30k  NW $112k @ end of 2019
2020 +$16k  NW $128 @ end of 2020
2021 +$35k  NW $163 @ end of 2021

New record gain for this year, would love to say it was all savings but the market really helped.  Goal for 2022 is to save $100/day or $36,500 for the year plus or minus any market activity.  Not going to be easy, it would put us pretty much right at a 50% savings rate after tax.  Wish me luck!

$100 a day is a cool goal!!!

Might steal that one myself. I think if I count principal paydown on the mortgage and retirement I could maybe hit it

Good luck, you can do it.

philli14

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Re: Net worth increase 2018 (i.e. the 'present' you give yourself)
« Reply #1499 on: December 31, 2021, 10:06:49 AM »
Jan 1 2018: $21,789
Jan 1 2019:  $67,786
Jan 1 2020: $127,304
Jan 1 2021: $203,920
Jan 1 2022: $310,057

Crazy to think that another year has come and gone. First year with >100k increase in NW. Wild!

 

Wow, a phone plan for fifteen bucks!