2013 - $419k
2014 - $534k
2010: $615k
2009: $183k
2010: $615k
2009: $183k
That's a huge jump there. What happened?
2012: -35k (estimate)
2013: -2k
2014: 32k
2012: -35k (estimate)
2013: -2k
2014: 32k
Congrats! Positive and climbing faster! :-)
For me:
Jan 2013: 5.9K
Jan 2014: 26K
Jan 2015: 42K <--- Bought a $20K Car in February with a loan, and some other junk this year before I REALLY came to my financial senses in June. (Thanks, YNAB!)
We're up a ridiculous 24.2%. If only the market could keep this up, we could have retired years ago. Alas, I'm still working because this gravy train won't last forever.
Interesting, though, that the birth of the MMM blog so neatly corresponded with a period of great market performance. I wonder how the blog would be different if we had had five years of stagnation and apparent forward looking SWRs were lower in an environment of benefit cuts. It's easy to preach the joys of investing during a historic bull.
I'm up to about $20k now, from around $13k at the start of the year - about a 50% increase. Not particularly impressive by comparison to many of you, but I'm glad the trend is at least in the right direction (and accelerating). I'm planning on paying off my auto loan early, which will render me completely debt-free and save me a few hundred dollars' worth of interest. I'd like to at least hit $30k by this time next year.
I'm up to about $20k now, from around $13k at the start of the year - about a 50% increase. Not particularly impressive by comparison to many of you, but I'm glad the trend is at least in the right direction (and accelerating). I'm planning on paying off my auto loan early, which will render me completely debt-free and save me a few hundred dollars' worth of interest. I'd like to at least hit $30k by this time next year.
No shame in your game. Trust me, the first 30k is the hardest!
May 2013 -15k (graduated college)Yay, someone else with similar figures to me!
Dec. 2013 -3k
Dec. 2014 24k
27k for the year. Not to shabby. It feels good to be positive again since going to college about 5 years ago.
We're up a ridiculous 24.2%. If only the market could keep this up, we could have retired years ago. Alas, I'm still working because this gravy train won't last forever.
Interesting, though, that the birth of the MMM blog so neatly corresponded with a period of great market performance. I wonder how the blog would be different if we had had five years of stagnation and apparent forward looking SWRs were lower in an environment of benefit cuts. It's easy to preach the joys of investing during a historic bull.
I'm personally up about $33,000 or 22% from last year.Is there a lump-sum payout option? If so, can his work provide a "what if I quit today" and give you the lump-sum he would receive? If so, that's the number I would use.
DH is probably similar; haven't done all his numbers yet, and I have a harder time calculating his net worth increase as I'm not sure how to account for his pension through work as the exact amount he'll end up getting is unclear.
I'm personally up about $33,000 or 22% from last year.Is there a lump-sum payout option? If so, can his work provide a "what if I quit today" and give you the lump-sum he would receive? If so, that's the number I would use.
DH is probably similar; haven't done all his numbers yet, and I have a harder time calculating his net worth increase as I'm not sure how to account for his pension through work as the exact amount he'll end up getting is unclear.
Wow, these amounts are mindboggling. I am from The Netherlands and do not see any chance for figures like this... The more I read this blog the more I realise the differences, and how my road to financial independence may take longer. Will get there though!
The numbers you read here are what one posted described 'selection bias'--those who did poorly or even lost money aren't too likely to want to post those numbers.
Dec 2011 $407,757.07
Dec 2012 $530,002.13
Dec 2013 $722,921.34
12/27/14 $1,002,104.27
Hit the $1M milestone on 12/27/14. Wife and I celebrated at the local Thai hole-in-the-wall. Good times.
I am at 330K. My numbers for this year so far:
$14,200 debt -- paid off (the debt was a car loan and a 401K loan -- now I only owe my mortgage)
$30,000 in two 529 plans, funded
$16,000 in 401K plan, funded (I need to catch up to the full $17,500, and will asap -- just miscalculated re bonuses)
$17,000 in 401K plan, matched by employer (they give a full 10% match, but not on bonuses)
$10,000 in mortgage principal, paid off (I paid the regular amortization plus $100 or more toward principal each month)
$5600 HSA funded (older son's braces are now paid off, baby!)
$4000 employee stock purchase program (for every 85 shares I buy, employer gives me 15)
Not bad for a goddamned single mother.
2009: $100K
2010: $152K
2011: $208K
2012: $298K
2013: $445K
2014: $705K (as of 12/23/14)
My increase in net worth for 2014 was still $125,092.
As Cherry Lane said, this increase was more than my gross income--does this imply FI? I think I need a refresher about the definition of FI...
Anyway, hope you all have a great 2015!
Does the increase in your NW include what you saved to it for the year, or just the increase in your investment from capital gains, interest, dividends etc?
2012 - $219k
2013 - $315k
2014 - $418k as of today
Have been saving just over 80% of my income the past two years and it's making a big difference!
Update: Ended 2014 at $420k in investments (excludes house, car, possessions).
Update: Ended 2014 at $420k in investments (excludes house, car, possessions).
I know there are other threads on this, but why why why would you exclude your house in your net worth?
I'm on this forum because I want to FIRE. The value of my car, furniture or a house are not part of the equation for me. As mentioned in another thread, some of us equate 'net worth' with our stashe, rather than the textbook definition.
A simple decision to move money from 2% bonds to pay off a 4% loan means our net worth dropped by $150,000?
Up 24% for 2014. Quite a disappointment compared to 2013's 51%, but pretty great nevertheless.
8/18/03 380K
8/17/04 480K
8/17/05 574K
8/17/06 644K
8/19/07 772K
8/18/08 810K
8/19/09 882K
8/19/10 1034K
8/19/11 1152K
8/18/12 1250K
8/18/13 1580K
8/18/14 1851K
12/31/14 1971K
I am 48, but have a 12 children (lots of dependents). I hope to help them through college, etc. (though I recognize this is debatable within this community). I enjoy work and think I will keep at it for many years, but I would feel much less stress having the children raised and on their own and being FI.
About $250k per year - probably not all that impressive. Just try to maximize the employer match in 401k. Been trying to put more into Roth 401k.
Up 24% for 2014. Quite a disappointment compared to 2013's 51%, but pretty great nevertheless.
I don't know if this is the case for you, but the longer you go the more your YOY returns will look like the overall market's since your contributions get swamped by your returns (an excellent problem to have).
Scrooge, just be patient. Even starting with a smaller income than most on this forum your capital will start to take on a life of its own. Thats whats happening to me. I'm actually working about 7 hours a week less than I did 10 years ago, and my real hourly wage is probably 10-20% less per hour than it was 10 years ago (less deliveries per hour due to a more and more spread out delivery area, and more and more traffic), and yet due to passive income from previous savings, I'm making more and more per year due to this passive income explosion.
12/31/2011 - $212kDamn, that is impressive.
12/31/2012 - $337k
12/31/2013 - $984k
12/31/2014 - $1,621k
I have benefited from the stupid RE appreciation of central London over the past 2years, being very / very leveraged, and spending slightly over $150k in renovation work. The rest is a combination of saving rate (great salaries) and being very lucky on both our companies stock options and RSU's
I dont anticipate this rate to continue. I'd be happy with a $200k increase per year going forward (75% of which from savings, 25% from investment appreciation)
Slightly off-topic I fear, but to go into a bit more detail: I feel that we have a slighly more regulated society financially with more social security but as a result a smaller proportion of our income to do with as you wish (which is confirmed by some US colleagues). Wages are lower than in the USA, and we pay up to 52% tax, with housing prices still very high despite a correction since 2008. Rent is also very expensive if you earn slightly more than the median wage, from 20% of your income on low wages to 40% for median wage. Public transport is OK in and between cities but if you live in the countryside you really need a car, and gas is a lot more expensive than in the US (but in the countryside you have a lower rent/mortgage). But cars here are efficient compared to the USA and can be found very cheap, so this is not what makes the difference.Wow, these amounts are mindboggling. I am from The Netherlands and do not see any chance for figures like this... The more I read this blog the more I realise the differences, and how my road to financial independence may take longer. Will get there though!
Why do you see any chance for figures like this? In the NL you can live easily without a car--no depreciation, no insurance, no gasoline which means huge savings. Also, rents are lower, I think.
The numbers you read here are what one posted described 'selection bias'--those who did poorly or even lost money aren't too likely to want to post those numbers.
I started tracking spending and savings in April, so for the last 9 months of 2014 my net worth increase was $8846 during that same time my spending was $9783. Seeing it spelled out like that makes me feel like it was hardly worth it.
Considering that the market is down 4% or so from the new year, everyone needs to recalculate :-)
Considering that the market is down 4% or so from the new year, everyone needs to recalculate :-)
No kidding. But, maybe a good time to buy some exxon while they are low, eh?
Considering that the market is down 4% or so from the new year, everyone needs to recalculate :-)
No kidding. But, maybe a good time to buy some exxon while they are low, eh?
Ah, but this thread's about 2014, now preserved in amber.
Jan 2014: -$25k
Jan 2015: $3K
Not as impressive as many posters here, but for me this is huge!
A simple decision to move money from 2% bonds to pay off a 4% loan means our net worth dropped by $150,000?
Yes, your net worth dropped and so did your expenses. You effectively spent part of your net worth to reduce your ongoing housing costs.
For the purposes most often discussed here, "net worth" refers to invested assets that can generate profits for you to use as living expenses. Your house only does this if you intend to sell it, at which point you will have new housing costs. In this way it's no different from any other cost-saving purchase, you've spent money up front to save money in the future. But you've still spent the money today, so your net worth goes down today.
I disagree completely. The money wasn't spent. It was put into a super illiquid investment. They haven't "spent" anything.
I disagree completely. The money wasn't spent. It was put into a super illiquid investment. They haven't "spent" anything.
Not really that illiquid since it is a requirement for our plans that we sell our house in 2015. Thus every dollar we put down on the 3.625% loan was like buying a 1 year CD with a 3.625% return (we don't itemize taxes). It was a 100% safe investment paying off our loan since we would owe that money at closing in 2015 anyway. I shifted more of our investment portfolio from bonds to stocks to account for the paydown of the home loan.
I disagree completely. The money wasn't spent. It was put into a super illiquid investment. They haven't "spent" anything.
Not really that illiquid since it is a requirement for our plans that we sell our house in 2015. Thus every dollar we put down on the 3.625% loan was like buying a 1 year CD with a 3.625% return (we don't itemize taxes). It was a 100% safe investment paying off our loan since we would owe that money at closing in 2015 anyway. I shifted more of our investment portfolio from bonds to stocks to account for the paydown of the home loan.
I was trying to make the point that you guys didn't spend any money and that a house is an investment (with incredibly poor returns). And arguing that you should absolutely include it in your net worth. Just because something is in your NW doesn't mean it has to be income generating. You can put it in your mattress and lose it to inflation and it's still part of your NW. The other guy's argument was just stupid. Now, if he was saying there are reasons to calculate your NW without a house to gather certain information, then that's different.
I disagree completely. The money wasn't spent. It was put into a super illiquid investment. They haven't "spent" anything.
Not really that illiquid since it is a requirement for our plans that we sell our house in 2015. Thus every dollar we put down on the 3.625% loan was like buying a 1 year CD with a 3.625% return (we don't itemize taxes). It was a 100% safe investment paying off our loan since we would owe that money at closing in 2015 anyway. I shifted more of our investment portfolio from bonds to stocks to account for the paydown of the home loan.
I was trying to make the point that you guys didn't spend any money and that a house is an investment (with incredibly poor returns). And arguing that you should absolutely include it in your net worth. Just because something is in your NW doesn't mean it has to be income generating. You can put it in your mattress and lose it to inflation and it's still part of your NW. The other guy's argument was just stupid. Now, if he was saying there are reasons to calculate your NW without a house to gather certain information, then that's different.
Sol's argument is based on being able to provide a source of income after FIRE. Yes, you can see some sort of return on a house, but the only time it becomes income is when you sell the house. By ignoring assets such as primary residences, it helps determine how much income you can expect to generate after FIRE.
If your house is worth 300k, and your stock market investments are worth 700k, you can only use returns from the 700k as income after FIRE. Assuming a 4% SWR, your income on 700k is 28k/year. If you're basing your SWR calculations on a NW that includes your house, then you would incorrectly calculate your income as 40k. That's a huge difference, and if done wrong can be extremely detrimental to your FIRE plan.
If your house is worth 300k, and your stock market investments are worth 700k, you can only use returns from the 700k as income after FIRE. Assuming a 4% SWR, your income on 700k is 28k/year. If you're basing your SWR calculations on a NW that includes your house, then you would incorrectly calculate your income as 40k. That's a huge difference, and if done wrong can be extremely detrimental to your FIRE plan..
If your house is worth 300k, and your stock market investments are worth 700k, you can only use returns from the 700k as income after FIRE. Assuming a 4% SWR, your income on 700k is 28k/year. If you're basing your SWR calculations on a NW that includes your house, then you would incorrectly calculate your income as 40k. That's a huge difference, and if done wrong can be extremely detrimental to your FIRE plan..
If you have a $300K house and your stock market investments are worth $700K, then yes, you can calculate your income as $40K with a 4% SWR. If you have valued your house correctly for your net worth calculations (subtracting selling costs and other fees) then it is just an illiquid item in your portfolio. It would be somewhat similar to a low yield bond fund that just keeps up with inflation (in most cases). You can always extract the value out of your house and place that cash in the stock market. Your expenses would go up but we are talking income.
Think of it another way. What if you retired at 40 and had $300K in a 401K? Further, what if you had that 401K invested in TIPS yielding right around 0% real? Would you include this money in your portfolio, stache, net worth? You can't get to it for 20 years (there are ways, but there are also ways to get money out of a house).
You need to think of all of your money and assets as one big pot which you apply the 4% SWR rule
If you have a $300K house and your stock market investments are worth $700K, then yes, you can calculate your income as $40K with a 4% SWR.
Uh, no you can't. A house doesn't generate income, so you can't "withdraw" anything from it. It may reduce your expenses, but it doesn't generate income unless you're renting out rooms.
If your house is worth 300k, and your stock market investments are worth 700k, you can only use returns from the 700k as income after FIRE. Assuming a 4% SWR, your income on 700k is 28k/year. If you're basing your SWR calculations on a NW that includes your house, then you would incorrectly calculate your income as 40k. That's a huge difference, and if done wrong can be extremely detrimental to your FIRE plan..
If you have a $300K house and your stock market investments are worth $700K, then yes, you can calculate your income as $40K with a 4% SWR. If you have valued your house correctly for your net worth calculations (subtracting selling costs and other fees) then it is just an illiquid item in your portfolio. It would be somewhat similar to a low yield bond fund that just keeps up with inflation (in most cases). You can always extract the value out of your house and place that cash in the stock market. Your expenses would go up but we are talking income.
Think of it another way. What if you retired at 40 and had $300K in a 401K? Further, what if you had that 401K invested in TIPS yielding right around 0% real? Would you include this money in your portfolio, stache, net worth? You can't get to it for 20 years (there are ways, but there are also ways to get money out of a house).
You need to think of all of your money and assets as one big pot which you apply the 4% SWR rule
Uh, no you can't. A house doesn't generate income, so you can't "withdraw" anything from it. It may reduce your expenses, but it doesn't generate income unless you're renting out rooms.
0% bonds don't generate any income (10 year Treasuries are paying about 2% which equals inflation which means they pay nothing).
Are you saying someone who had 70% of their portfolio in the stock market and 30% in 10 year treasury bonds only really has 70% of what they think they have for income generation?
You should go over to Bogleheads and make a post on how their bond portion of their portfolio should not be included in their SWR income calculations.
We discovered MMM this summer and so have really been focused on killing our non-mortgage debts... up by 28% from our 2013 numbers for a whopping 312K but most of that was getting rid of a stupid car and its loan. I can't wait to see what we can accomplish in 2015 with focus on maxing out our TSP's and Roth accounts.
The other "force multiplier" for us is that DH passed the 20 year threshold in his military service, and so his pension is locked in. That was huge! The value could vary by bits but he earned it, and its ours. I'm not really sure how to reflect that in our NW calculations, or if it is just less that we need in the NW for our 4% SWR. Right now, I don't have a value assigned to it, but it sure would be awesome to add it to our calculations with a Net Present Value.
One of the posters in the other thread (Sherr) got it right. This is what I was trying to convey.
"If you want to include the house in your investments and take 4% of your total net worth, then you can, but then you need to increase your real annual expenses by however much it would cost you to rent. That is another fine way of calculating, if your home is an investment then it is generating the amount that you could rent it for each month, and paying off your imaginary rent to live in the house each month.
What you cannot do is include the home in your investments and compare your investment amount to your real annual expenses. If you are you are double-counting the value of your home; once in reducing your expenses by not having rent / mortgage, and once by counting it among your income-generating investments. That's just bad accounting, not to mention not what the 4% rule research is based on."
We discovered MMM this summer and so have really been focused on killing our non-mortgage debts... up by 28% from our 2013 numbers for a whopping 312K but most of that was getting rid of a stupid car and its loan. I can't wait to see what we can accomplish in 2015 with focus on maxing out our TSP's and Roth accounts.
The other "force multiplier" for us is that DH passed the 20 year threshold in his military service, and so his pension is locked in. That was huge! The value could vary by bits but he earned it, and its ours. I'm not really sure how to reflect that in our NW calculations, or if it is just less that we need in the NW for our 4% SWR. Right now, I don't have a value assigned to it, but it sure would be awesome to add it to our calculations with a Net Present Value.
It depends on DH's rank, but that pension is probably worth a million or more in NW.
You can use the DFAS High 3 calculator to give you a rough estimate. It will be SLIGHTLY high since the numbers are running off of 2010 and the lowest annual raise they allow you to calculate from that point is 2% (and we all know that hasn't happened the past few years). The chart at the bottom will give you a look at what it's worth pre tax going out 5-40 years. But yes, assuming he didn't take the 15 payout out it's probably over a mill for his lifetime. We did a run down of the hubs and with what he "expects" to retire at would be around 1.5 over 35 years. We don't add this into our NW though, and probably never will, since we all know how the government is, and probably will, continue to look at ways to trim that down. We don't want to rely on something and then have it not be there. We are running FIRE on our own money and if his pension is there...gravy, we can live off of the monthly payout and not have to touch our investments for a while (and then we can have A LOT of fun in retirement lol). He's got 5 more to go though before he hits his 20.
You can use the DFAS High 3 calculator to give you a rough estimate. It will be SLIGHTLY high since the numbers are running off of 2010 and the lowest annual raise they allow you to calculate from that point is 2% (and we all know that hasn't happened the past few years). The chart at the bottom will give you a look at what it's worth pre tax going out 5-40 years. But yes, assuming he didn't take the 15 payout out it's probably over a mill for his lifetime. We did a run down of the hubs and with what he "expects" to retire at would be around 1.5 over 35 years. We don't add this into our NW though, and probably never will, since we all know how the government is, and probably will, continue to look at ways to trim that down. We don't want to rely on something and then have it not be there. We are running FIRE on our own money and if his pension is there...gravy, we can live off of the monthly payout and not have to touch our investments for a while (and then we can have A LOT of fun in retirement lol). He's got 5 more to go though before he hits his 20.
I respectfully and 100% disagree with this viewpoint. By the time they start truly cutting military pension costs we'll be worrying about other things. Military personnel are a sacred cow and any recommendations for changes in the pension (or Social Security for that matter) include grandfathering current beneficiaries. Furthermore, I am connected with the office in one of the services that recommended cuts to benefits to avoid other cuts. I was told that the Congress basically treats anyone that has 10+ years in as untouchable as far as future benefits are concerned (obviously this does not include reductions in force). Anyone under 10 years time in service can pound sand - they'd be ready to vote for pension changes for people under that point.
This is like a discussion I often have with a friend - preparing for a complete portfolio collapse. If that happens it means we're in such a bad depression or political/social crisis that we will be worrying about putting food on the table or staying alive. That's where we'll be before your pension ever gets a serious look.
So, yeah...Go ahead and add to your NW that $1M annuity that has the full faith and credit of the United States Government behind it. If you don't believe in that, I question how you include any other American asset in your NW.
You can use the DFAS High 3 calculator to give you a rough estimate. It will be SLIGHTLY high since the numbers are running off of 2010 and the lowest annual raise they allow you to calculate from that point is 2% (and we all know that hasn't happened the past few years). The chart at the bottom will give you a look at what it's worth pre tax going out 5-40 years. But yes, assuming he didn't take the 15 payout out it's probably over a mill for his lifetime. We did a run down of the hubs and with what he "expects" to retire at would be around 1.5 over 35 years. We don't add this into our NW though, and probably never will, since we all know how the government is, and probably will, continue to look at ways to trim that down. We don't want to rely on something and then have it not be there. We are running FIRE on our own money and if his pension is there...gravy, we can live off of the monthly payout and not have to touch our investments for a while (and then we can have A LOT of fun in retirement lol). He's got 5 more to go though before he hits his 20.
I respectfully and 100% disagree with this viewpoint. By the time they start truly cutting military pension costs we'll be worrying about other things. Military personnel are a sacred cow and any recommendations for changes in the pension (or Social Security for that matter) include grandfathering current beneficiaries. Furthermore, I am connected with the office in one of the services that recommended cuts to benefits to avoid other cuts. I was told that the Congress basically treats anyone that has 10+ years in as untouchable as far as future benefits are concerned (obviously this does not include reductions in force). Anyone under 10 years time in service can pound sand - they'd be ready to vote for pension changes for people under that point.
This is like a discussion I often have with a friend - preparing for a complete portfolio collapse. If that happens it means we're in such a bad depression or political/social crisis that we will be worrying about putting food on the table or staying alive. That's where we'll be before your pension ever gets a serious look.
So, yeah...Go ahead and add to your NW that $1M annuity that has the full faith and credit of the United States Government behind it. If you don't believe in that, I question how you include any other American asset in your NW.
Agree with NICE! here. They may fiddle with certain things like the chained CPI for COLAs, eliminating the SRS for some future FERS annuitants, and such, but a wholesale change, especially for the military, would be pretty unthinkable. I'm FERS LEO, and I'm pretty sure they won't fuck with LEO pensions and benefits too much either, but if they do, I'll survive. I calculate my pension's rough worth by using my expected annual annuity at retirement as a baseline, then dividing by 0.04, which gives me the whole dollar amount I'd need in a retirement account to safely draw 4%.
I don't for a second think they will do away with it totally, and I do believe he will be grandfathered...HOWEVER, look at what was passed (then retracted) just this past year, a reduction in COLA for working age retirees, originally with NO grandfathering. I just will not add it into the NW calculation because if things like Tricare rates, SBP rates, lower or no indexing to inflation occur and we are basing our FIRE NW off of a number that includes X (which involves promises over decades) and it really turns out to be Y and we don't have money to make up that difference...well then we are screwed. Better safe then sorry in my book.
I don't for a second think they will do away with it totally, and I do believe he will be grandfathered...HOWEVER, look at what was passed (then retracted) just this past year, a reduction in COLA for working age retirees, originally with NO grandfathering. I just will not add it into the NW calculation because if things like Tricare rates, SBP rates, lower or no indexing to inflation occur and we are basing our FIRE NW off of a number that includes X (which involves promises over decades) and it really turns out to be Y and we don't have money to make up that difference...well then we are screwed. Better safe then sorry in my book.
But, since you're on the MMM website and in all likelihood not a huge spender, this pension could presumably pay for all, more than, or just a bit less than your FIRE expenses...right? So if this pension can cover that, how is it anything but a HUGE investment in TIPS/T-Bills?
SBP is a choice and a monthly expense, not something that effects the value of the annuity (pension). If you're worried about this going up, that goes on the expense side of the equation.
Also, Tricare rate raises? I hope you're kidding, the raises have been a joke. It pisses me off so much that they won't defray some of the costs onto comparatively rich retirees (often with another job/income) more than a couple of dollars. This is exactly why I don't give money to any of the active duty or veterans' lobbying groups. Furthemore, like SBP, this goes on the expense side of the ledger, not income.
Finally, even if you think it will lose to inflation, you can treat it as $1m in a high-yield savings account...Or something along those lines. Again, it is an annuity backed by the full faith and credit of the US government. If you don't buy that then neither your home nor your stocks/bonds should be part of your NW.
All of your NW increases are so inspiring! Here's mine:
12/31/2013 - 36k
12/31/2014 - 95.5k
So just shy of a 60k increase. That is a wonderful present! I found MMM in May and really started changing things in June, so maybe I can do even better this year :). Here's to an even better year for everyone in 2015!
All of your NW increases are so inspiring! Here's mine:
12/31/2013 - 36k
12/31/2014 - 95.5k
So just shy of a 60k increase. That is a wonderful present! I found MMM in May and really started changing things in June, so maybe I can do even better this year :). Here's to an even better year for everyone in 2015!
Huge increase, you must be making some great changes!
You WILL do it! Just keep at it. Keep thinking of that day. And when it happens, you'll be very proud of yourself --- as well you should be! Please keep us informed of your progress.
Jan 2014: -$25k
Jan 2015: $3K
Not as impressive as many posters here, but for me this is huge!
I'd count a military pension as cash flow, not an addition to net worth. For starters it's awfully hard to sell (if not downright illegal) and for another nobody would give you what it's really worth.We discovered MMM this summer and so have really been focused on killing our non-mortgage debts... up by 28% from our 2013 numbers for a whopping 312K but most of that was getting rid of a stupid car and its loan. I can't wait to see what we can accomplish in 2015 with focus on maxing out our TSP's and Roth accounts.
The other "force multiplier" for us is that DH passed the 20 year threshold in his military service, and so his pension is locked in. That was huge! The value could vary by bits but he earned it, and its ours. I'm not really sure how to reflect that in our NW calculations, or if it is just less that we need in the NW for our 4% SWR. Right now, I don't have a value assigned to it, but it sure would be awesome to add it to our calculations with a Net Present Value.
It depends on DH's rank, but that pension is probably worth a million or more in NW.
I'd count a military pension as cash flow, not an addition to net worth. For starters it's awfully hard to sell (if not downright illegal) and for another nobody would give you what it's really worth.We discovered MMM this summer and so have really been focused on killing our non-mortgage debts... up by 28% from our 2013 numbers for a whopping 312K but most of that was getting rid of a stupid car and its loan. I can't wait to see what we can accomplish in 2015 with focus on maxing out our TSP's and Roth accounts.
The other "force multiplier" for us is that DH passed the 20 year threshold in his military service, and so his pension is locked in. That was huge! The value could vary by bits but he earned it, and its ours. I'm not really sure how to reflect that in our NW calculations, or if it is just less that we need in the NW for our 4% SWR. Right now, I don't have a value assigned to it, but it sure would be awesome to add it to our calculations with a Net Present Value.
It depends on DH's rank, but that pension is probably worth a million or more in NW.
But if you want to put a number on it, you could start with the equivalent monthly income that you'd get from a portfolio of I bonds. They're paying 1.48% for another few months (https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm) but they get the same COLA and they're exempt from state/locality taxes. It's not a very good analogy, but it's close enough.
http://the-military-guide.com/2011/03/17/present-value-estimate-of-a-military-pension/
Oh, and remember to adjust that calculation for the Survivor Benefits Plan. I'm not sure how to do that, but you could hypothetically stretch out that cashflow for many decades.
I'd count a military pension as cash flow, not an addition to net worth. For starters it's awfully hard to sell (if not downright illegal) and for another nobody would give you what it's really worth.
But if you want to put a number on it, you could start with the equivalent monthly income that you'd get from a portfolio of I bonds. They're paying 1.48% for another few months (https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm) but they get the same COLA and they're exempt from state/locality taxes. It's not a very good analogy, but it's close enough.
http://the-military-guide.com/2011/03/17/present-value-estimate-of-a-military-pension/
Oh, and remember to adjust that calculation for the Survivor Benefits Plan. I'm not sure how to do that, but you could hypothetically stretch out that cashflow for many decades.
2013 ~$255k
2014 ~$306k
I am new to MMM, so hopefully my self inflicted face punch will get my ass in gear to make that number jump much closer to $100k for 2015.
But in my defense we did also pay off about $65k of "debt" in 2014 as well.
I'd count a military pension as cash flow, not an addition to net worth. For starters it's awfully hard to sell (if not downright illegal) and for another nobody would give you what it's really worth.
But if you want to put a number on it, you could start with the equivalent monthly income that you'd get from a portfolio of I bonds. They're paying 1.48% for another few months (https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm) but they get the same COLA and they're exempt from state/locality taxes. It's not a very good analogy, but it's close enough.
http://the-military-guide.com/2011/03/17/present-value-estimate-of-a-military-pension/
Oh, and remember to adjust that calculation for the Survivor Benefits Plan. I'm not sure how to do that, but you could hypothetically stretch out that cashflow for many decades.
It seems like you're really saying the same thing I'm saying. Like me, you're considering it to be a guarantee, while Siobhan is focusing on hypothetical changes that will, at worst, nibble at the margins. If anything's safe, it is that pension. The second someone starts questioning the pension, I'll question the heck out of stocks, bonds, and real estate. I still assert that we're talking serious social issues before we're talking major changes (IE enough to seriously change your FIRE spending) to the military pension for retirees. Token increases to Tricare are a joke...And belong on the spending side of the equation, as does SBP (insurance - you can't tell me that car or life insurance should be subtracted from NW). And PS they need to make retirees pay more for Tricare - I don't want rich retirees putting active benefits at risk, nor do I want them pulling more from the taxpayer than they need.
Nice, I'm not questioning the pension, we are simply not relying on it in our future planning since there are a large number of unknowns going forward 40 years that are completely out of our control. With stocks bonds etc, you have control to sell and stuff your cash in a mattress if that's your thing to maintain NW. With a pension, you don't have that option. All I'm saying is a pension shouldn't be calculated as a part of NW because there is no way to put an accurate number on it and a large possibility of that value changing over the years.
Frankly active duty should be paying for Tricare too if they have families. I can see it free for the soldier but we should be paying for spouse and dependent coverage while active.
I agree about student loans... :(
Net Worth 12/27/13: -$343,441
Net Worth 12/26/14: -$279,390
Net worth improvement from end of 2013 to end of 2014: $64,051... Only 4+ years to go to hit $0 net worth if I keep on my current trajectory... *sigh*
Paying off debt increases your net worth. Net worth is assets minus liabilities.
Come on guys and gals, spill the beans. How well did you do this year.
I started at around $419k and will end at about $534k. An increase of ~115k to the bucket.
Pretty good year :D though I actually had a bigger 2013 due to some higher shares and property value gains.
2012 - $295k
2013 - $419k
2014 - $534k
Beginning of the year: ~19k
July 14th (last day before first paycheck after being unemployed): ~7k (value of my car)
End of 2014: ~25k
Didn't do too well this year. Mainly due to poor investment choices before discovering MMM and a pay cut at the old job.1/2016 - 158,000 (Projected)
1/2010 - $15,000
1/2011 - $30,000
1/2012 - $45,000
1/2013 - $65,000
1/2014 - $90,000
1/2015 - $105,500
Student loans are a bitch.
Before tracking I was way negative my wife and I with a load of student loans.
4/4/13 -$44k
12/27/13 -$18k
11/26/14 +$32k
1/1/15- $0
11/20/15- $29,800
We haven't been tracking long, but January marked $0 net worth, which is a convenient starting point. (We didn't combine finances fully until this year, so before that, numbers are unclear).
We're now at just around $30k, depending on how the market is going. Hoping to finish the year around $33k, but we will see.
I think $30k in one year isn't too shabby, considering we make about $90k per year, paid two months of overlapping rent, and got married.
1/1/15- $0
11/20/15- $29,800
We haven't been tracking long, but January marked $0 net worth, which is a convenient starting point. (We didn't combine finances fully until this year, so before that, numbers are unclear).
We're now at just around $30k, depending on how the market is going. Hoping to finish the year around $33k, but we will see.
I think $30k in one year isn't too shabby, considering we make about $90k per year, paid two months of overlapping rent, and got married.
Not too shabby at all. Great work! The hardest part is getting the ball rolling at the beginning, when your contributions move the needle the most.
The year is not quite over yet, but it looks like we're on track for our net worth to increase by 85% of our reported gross income, despite only having a savings rate of around 60%.
I always exclude my primary residence from these calculations though, because I expect to always have a home (and its associated expenses) and so I don't anticipate selling. If I were to include it, it would be more like 98% of income.
Sorry, what does this mean exactly? You saved 60% of net, probably kept your taxes down, and then had some other asset appreciation (maybe other real estate?) which bumped your NW increase to 85% gross?
Per mint:
November 2014:-280,019
November 2015:-139,713
Change:$140,306
Per mint:
November 2014:-280,019
November 2015:-139,713
Change:$140,306
Some amazing increases! Am waiting on our very late pension statement for the year to post our update.
Some amazing increases! Am waiting on our very late pension statement for the year to post our update.
How do you factor pension into NW?
Some amazing increases! Am waiting on our very late pension statement for the year to post our update.
How do you factor pension into NW?
It probably varies by place of employment but we are fully vested in our pension, which means if we left our jobs today or FIRED, we could take that money with us. We contribute 8% of gross salary per month, and our employer contributes a 6% match. Every year, they send us a pension statement in the fall that includes those amounts plus the performance of the pension investments based on market conditions. So we only know the true amount once a year, which is a bummer when trying to keep track of NW, but it is fun to add that big chunk once a year. Except they are already over one month late in getting us the numbers this year and I am itching to update our NW number!
Random question:
I know some people include the estimated value of their primary residence in their NW calculations, and some don't.
What about other 'things'?
Cars?
Boats?
Timeshares?
I ask because I don't include my house, but I do include the above. Should I switch to solely cash type accounts? I don't have a ton of equity in the house, and the value estimates have been fluctuating wildly over the last 5 years so it just didn't seem worth it. Cars/toys on the other hand seem to be a little more stable although they obviously decrease in value over time vs what real estate should do. And in the case of the boat/timeshare they are paid for. I can fairly easily sell a car or the boat, not so much the house. I guess the easy answer is not to include any of them but then my number goes down :(
If you include your house, but not this other sort of property, why/why not?
Random question:
I know some people include the estimated value of their primary residence in their NW calculations, and some don't.
What about other 'things'?
Cars?
Boats?
Timeshares?
I ask because I don't include my house, but I do include the above. Should I switch to solely cash type accounts? I don't have a ton of equity in the house, and the value estimates have been fluctuating wildly over the last 5 years so it just didn't seem worth it. Cars/toys on the other hand seem to be a little more stable although they obviously decrease in value over time vs what real estate should do. And in the case of the boat/timeshare they are paid for. I can fairly easily sell a car or the boat, not so much the house. I guess the easy answer is not to include any of them but then my number goes down :(
If you include your house, but not this other sort of property, why/why not?
I include the value of property for which the value is easily determined. Because of this, I include the KBB value of my car and the list price of my Magic card collection, but not things like beds or computers. I don't have a house, but I'd include that as well if I did.
I use the buy list prices on MTGprice.com. I made a list of what I have that I'd actually sell (the investments) and then there's a feature of the site that allows you to see what you can get by selling them to online stores. They don't have every store, bury eh have enough to get a decent idea. You can get higher for certain in demand cards at the bigger events or by selling them yourself, but it's good to know the minimum you can get.I include the value of property for which the value is easily determined. Because of this, I include the KBB value of my car and the list price of my Magic card collection, but not things like beds or computers. I don't have a house, but I'd include that as well if I did.
Pooperman, what source are you using to determine list price of MTG cards? I have a bunch that I've been meaning to establish a value for/possibly sell. Also, do you have any idea where I might expect to get fair value for them? Listing KBB value for the car and other easily-quantifiable stuff seems like a logical approach.
11/30/13: $468K11/30/15: $688K
11/30/14: $605K
2013: ~153k
2014: ~253k
House value not included.
Found mmm in January. Was a pretty damn good year.
Hi all,
I'd like to know how you guys did this.
I attended another thread to get some insight into how somebody hit up to 300k in 4 years. A very impressive feat.
Some peoples' numbers here are also very impressive. I'd love to get some insight for everyone on how they managed to really get some awesome %s like that.
As an example:
"
In my case,
2013 = 38k
2014 ~ 121k
"
I mean even being able to save 80k tin a year.. that's a good % you're getting on any investment fund you're hitting.
It'd be really great if people could also give some of the funds/investments - or at least types of investment if they're shy about details - that they're taking to get some of these awesome number.
Inspired by the community here and Mr Mustache I started my first index fund account today, dropped some money into it and have set up a monthly contribution. Provided some advice from others on this site, plus a bit of research into the statistical past I took out the USA total market index one (the vanguard ) to get some of those percentages right now. The rate at the moment is relatively low ~6-7% but has a good history the past ocuple of years, and likely to keep growing over the next few years.
As i contribute further i'll be adding in some other markets too to make sure i get a bit of a range of funds.
One question I have is whether you guys in the US get taxed on this stuff? in the UK we have something called an 'ISA' which allows you to deposit £15,500(ish) per year that generates tax free interest. Once you start pushing above that you need another fund that can be taxed. How does it work for you Yanks?
TRJ
I don't really have a wife,
calculating net worth question:
Is debt (mortgage) on a rental property counted against net worth? Currently I am not adding this debt because I consider my rental an asset.
calculating net worth question:
Is debt (mortgage) on a rental property counted against net worth? Currently I am not adding this debt because I consider my rental an asset.
Yes. You should count the approximate value of the rental towards your net worth and subtract the mortgage. Your positive equity is what remains.
just started tracking
11/1 - $105,409
12/1 - $112,227 (few hours early)
some favorable market gains this month
I started tracking just cash accounts, no cars, no boat, no house. But I don't have history, so...
including car values (negative), boat value (positive), and timeshare value (positive?)
We went from ~$80k to ~$127k
I think I'm going to prefer the non-equity accounting because that $127k is after I updated my vehicle values, which obviously went down. I also need to start tracking the wife's retirement account. Not a lot goes in there right now but I think she's got like $30k.
Yeah it incurs a cost, but I don't owe anything on the mortgage and theoretically I could sell it now. Most people just end up giving them away though so at worst its probably a wash. (after the sunk cost)I started tracking just cash accounts, no cars, no boat, no house. But I don't have history, so...
including car values (negative), boat value (positive), and timeshare value (positive?)
We went from ~$80k to ~$127k
I think I'm going to prefer the non-equity accounting because that $127k is after I updated my vehicle values, which obviously went down. I also need to start tracking the wife's retirement account. Not a lot goes in there right now but I think she's got like $30k.
a timeshare is negative equity its a money pit
As of January 1 of this year, my NW was $573K. I did the math this week and realized that between 401K contributions (hit the max contribution amount, plus a 50% company match), taxable contributions to Vanguard and Lending Club, and increased home equity from paying down my mortgage, my NW has increased by just over $100K, even with a flat stock market.
That's a lot better than I had expected. I'm really looking forward to next year, when I'm hoping the economy will do better and we'll see some real stock market growth.
As of January 1 of this year, my NW was $573K. I did the math this week and realized that between 401K contributions (hit the max contribution amount, plus a 50% company match), taxable contributions to Vanguard and Lending Club, and increased home equity from paying down my mortgage, my NW has increased by just over $100K, even with a flat stock market.
That's a lot better than I had expected. I'm really looking forward to next year, when I'm hoping the economy will do better and we'll see some real stock market growth.
Or a real correction -_-
Or maybe it just does nothing for 20 years...
Or maybe it just does nothing for 20 years...
That would also be fine with me. My annual savings still far exceed my average annual market returns, and a flat market for 20 years means I'm guaranteed a flat 5% SWR for that period. Win!
Of course it's even better than that, since there has never been a 20 year period in US market history where the market wasn't positive. I guess there's a first time for everything? If you're the type that honestly believes that the next 20 years are going to be worse than the great depression, two world wars, and the rise of OPEC during stagflation and the much ballyhood "death of equities" period, then you probably should be living somewhere else.
1973-1985 wasn't a good time. I think it was negative slightly after inflation, but basically flat. Not a good time for stocks.
1973-1985 wasn't a good time. I think it was negative slightly after inflation, but basically flat. Not a good time for stocks.
Yep, there have been several periods of 10-12 years where the market dropped back down to previous highs, so it looks "flat" from the perspective of straight up index price if you ignore dividends. But extend that time period to 15 or 20 years? Suddenly we're back in wildly positive territory again because each of those 10-12 year "flat" periods is bracketed by growth periods.
Seriously people, get a grip. There's been WAY too much doom and gloom around these parts recently. Of course the market will crash again in the future, as it always has. Then it will rise again. On average it will do something between 5 and 10% per year, depending on which parts of it you are invested in.
My husband and I started 2014 with $123 000 and finished up with $150 000Interesting to look back on this. We made it to the end of November up $37k, looking to just scape a $40k increase by the end of the year. We've taken a couple of holidays and moved house but also both increased our earnings. Overall I'm pleased.
I'm very happy with our $27k increase which was almost exclusively from savings but I believe that we are capable of saving over $40k/year.
My husband and I started 2014 with $123 000 and finished up with $150 000Interesting to look back on this. We made it to the end of November up $37k, looking to just scape a $40k increase by the end of the year. We've taken a couple of holidays and moved house but also both increased our earnings. Overall I'm pleased.
I'm very happy with our $27k increase which was almost exclusively from savings but I believe that we are capable of saving over $40k/year.
Our small share portfolio (managed fund) is currently down around 5% from where it started in January which seems to be similar to what the major Australian indexes have done. I'm still chicken on the investing front and plenty of people probably have done well in the Australian market this year, but at least I don't feel like I've missed out a year of great growth?
Went from -520k (professional loans for 2 plus house) to -460k while adding a paid for 20k car and 27k 401k (after match) and 5k deferred comp. I read that as a 113k positive move. It does not count appreciation of what is in the 401k this year.
460k in debt to go. I pay 9250 a month at it and it will be gone by sept 2020.
Europe LC | Europe SC | N. America LC | N. America SC | Em. Markets | Commodities |
7,8% | 20,7% | 9,76% | 4,0% | -10,8% | -25,2% |
Dec 2013 - $210KAnd we're at $422K as of Dec. 2015. With the markets more or less flat, and no home sale / purchase to record a gain on this year, I'll take it.
Dec 2014 - $327K
Come on guys and gals, spill the beans. How well did you do this year.
I started at around $419k and will end at about $534k. An increase of ~115k to the bucket.
Pretty good year :D though I actually had a bigger 2013 due to some higher shares and property value gains.
2012 - $295k
2013 - $419k
2014 - $534k
That's a good point. I wasn't consistent. I counted the car but not the house. My focus is really on killing debt, so I try to just look at the debt and not the net worth. Once the debt is gone the net worth will be a nice new goal to focus on. It should be around 500k when debt is doneWent from -520k (professional loans for 2 plus house) to -460k while adding a paid for 20k car and 27k 401k (after match) and 5k deferred comp. I read that as a 113k positive move. It does not count appreciation of what is in the 401k this year.
460k in debt to go. I pay 9250 a month at it and it will be gone by sept 2020.
Your houses have value.... why exclude the value of your house but include the loans?
I would guess around 100k-ish...investments have been a bit flat this year, though they continue to spin off dividends and distributions like always.
B.C. (and to a lesser degree, Mexico) real estate though...a freight train that cannot be stopped (yet)...is a large factor in us being 100k "richer" on paper.
Similar situation here -- we're up about $150k at the moment, but about $90k of that is on our Beijing apartment. Things have bounced around a lot, though -- lowest point was around -20k compared to last year's final total (in early February) and highest point was +240k in late November (before I noticed I needed to adjust the exchange rate on the property value).
Not bad considering my income stopped in July, we're still paying high school fees for the kids, and we're paying two sets of household expenses.
Come on guys and gals, spill the beans. How well did you do this year...
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)
Down another 10k yesterday. I expect things will bounce around a bit more before the end of the year. Just hoping I can manage to initiate DH's small Roth conversion when things are up, and then have them drop over the next few days. Yes, I am a dirty market timer....I hope this lasts at least till my check clears in January. Into Feb. would be even better - wife's 457 contributions will start back up again in late January / Early Febrary. Front-loading can be exciting!
Come on guys and gals, spill the beans. How well did you do this year...
-55% MOL
(divorce, sigh)
Come on guys and gals, spill the beans. How well did you do this year...
-55% MOL
(divorce, sigh)
Ouch, sorry to hear that.
Tongue in cheek but judging by some of the stories we hear on this board you're lucky to walk away with 45%. Seems to be that the ex-husband ends up with 20%, ex-wife gets 20% and the lawyers get 60%.
Nudelkopf! Where are you holidaying?With my parents, so it's not *that* exciting! I just didn't bring my laptop which has my spreadsheet on it (I'm regretting not emailing it to myself because I'm away for 4 weeks).
Things are coming along nicely......
2012 - $457,388
2013 - $560,203
2014 - $637,679
Not too shabby considering we moved into a new home in 2013 and had lots of extra costs related to that.
Onward to 2015!
I'm up about $40k this year, going from roughly $30k in the red (mostly student loan debt, now paid in full) to about $10k in the black. Onwards and upwards!
My net worth increased about equal to my salary for the year. Aggressive savings + 401k match + market gains + equity in my house!
2014: -$110k (I think) --> -$60k
2015: -$60k --> $20k
It was -$130k at the lowest. Woooo!
Approximate end of month numbers especially in regards to home value minus mortgage:And the 2015 number is $148,507.67 in a more expensive year with slower returns. 2016 should have an increased focus on pre tax investments and less so on paying down the mortgage. Not baller status yet.
12/2011: -21,454.61
12/2012: 30,524.88
12/2013: 75,132.59
12/2014: 118,931.06
I little over 200k over the last 12 months.
2009: $100K
2010: $152K
2011: $208K
2012: $298K
2013: $445K
2014: $705K (as of 12/23/14)
How the hell are you people saving 100+k in ONE YEAR? ...
....
I'm just curious to hear some anecdotes; where do you work? what do you do? how did you get the job?
This thread made me curious about our progress. We haven't tracked NW so I went to Vanguard and just pulled our retirement savings totals for as far back as I could. Feel pretty good about this, but regret the $ wasted over the years before landing on MMM. Hoping to see some bigger gains going forward. :)
$51,225.09 12/31/05
$80,038.12 12/31/06
$106,744.13 12/31/07
$103,123.87 12/31/08
$162,172.69 12/31/09
$218,666.31 12/31/10
$249,987.31 12/31/11
$320,336.60 12/31/12
$435,649.50 12/31/13
$518,275.26 12/31/14
$593,962.10 12/31/15
Impressive, I'm so jealous! Just curious about your massive surge in 2009...I assume you dipped in '08 due to the huge recession, but it looks you more than recovered a year later! How did your fortunes change so quickly?
How the hell are you people saving 100+k in ONE YEAR? where do you work, Goldman Sachs? Silicon valley? Business owner? I'm a software engineer, and I'm making 85k a year, or 63k a year after taxes. Seems like you would have to be making about 143k a year before taxes (spending 10k a year) to net 100k after taxes and spending. I feel like I am getting the wool pulled over.
I'm just curious to hear some anecdotes; where do you work? what do you do? how did you get the job?
How the hell are you people saving 100+k in ONE YEAR? where do you work, Goldman Sachs? Silicon valley? Business owner? I'm a software engineer, and I'm making 85k a year, or 63k a year after taxes. Seems like you would have to be making about 143k a year before taxes (spending 10k a year) to net 100k after taxes and spending. I feel like I am getting the wool pulled over.
I'm just curious to hear some anecdotes; where do you work? what do you do? how did you get the job?
How the hell are you people saving 100+k in ONE YEAR?
How the hell are you people saving 100+k in ONE YEAR? where do you work, Goldman Sachs? Silicon valley? Business owner? I'm a software engineer, and I'm making 85k a year, or 63k a year after taxes. Seems like you would have to be making about 143k a year before taxes (spending 10k a year) to net 100k after taxes and spending. I feel like I am getting the wool pulled over.
I'm just curious to hear some anecdotes; where do you work? what do you do? how did you get the job?
Increase in investments only...we also have a fully paid home worth approx. $500k2015 - $763,164 which was a $156,913 increase ($148,730 was actual savings the rest was market gains)
2011 - $222,825
2012 - $314,917
2013 - $448,196
2014 - $606,251
December 2013: $43,800
December 2014: $70,200
A $26,400 increase, up 60%, with a 40% savings rate for the year. Hoping to keep that savings rate up this coming year, but with a lower income, so how much our NW changes will be up in the air. Pretty proud of these numbers, my husband and I got married this year, so a lot of changes we bumped through while making steady progress. Realistic goal of $93,000 stretch goal of nice round $100,000.
2013 = 38k2015 ~ 147k
2014 = 121k
One of the big revelations I have had is that the amount of taxes is not necessarily a given. Hit that 401k hard - you might be surprised how much you can reduce your taxes.
Earn 200 and save half?
Easy to save 100k/yr if you're DINKs.
I was asking for specific quotes on salaries and the work involved. By DINK do you mean married? I hear there are some tax benefits for that.
Again, you are missing the distinction between savings vs. net worth growth.
Again, you are missing the distinction between savings vs. net worth growth.
You mentioned upthread you are a software developer in the Bay Area
I know what DINK means, but its really rare that I see two people less than 10 years older than me who both making $85k pre taxes. Most of the couples I know in my age range are making $85k pre-tax combined on average. A great portion of them are making less than 50k combined.
I never mentioned where I live, I'm in Minneapolis where the income taxes are relatively high and the wages are relatively low. But my rent is $270/month, go figure.
I would sooner shoot myself in the foot than drop $200k on a condo.
I know what DINK means, but its really rare that I see two people less than 10 years older than me who both making $85k pre taxes. Most of the couples I know in my age range are making $85k pre-tax combined on average. A great portion of them are making less than 50k combined.
5.74 percent gain in NW YTD. Not great but since it is roughly 3 years of expenses I am not complaining.
We ended the year down, there was a loss to our net worth..
But thats ok, we retired this year and are spending down the stash. Its still scary, after years of $100,000+ jUmps to see it go in the opposite direction.
11/30/16: $802K11/30/13: $468K11/30/15: $688K
11/30/14: $605K
Student loans are a bitch.
Before tracking I was way negative my wife and I with a load of student loans.
4/4/13 -$44k
12/27/13 -$18k
11/26/14 +$32k
End 2013: about $822000
End 2014: about $1015000
Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total (the value of which is not going to change drastically).
I was pleasantly surprised with the net change for 2014!
Holy shit, G-Dog!! Why did you wait so long to retire?? :)
Seems to have worked out for you! :)
End 2013: about $822000
End 2014: about $1015000
Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total (the value of which is not going to change drastically).
I was pleasantly surprised with the net change for 2014!
12/6/16: about $1,125,000 (excluding house)
FIREd 7/2/15
End 2013: about $822000
End 2014: about $1015000
Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total (the value of which is not going to change drastically).
I was pleasantly surprised with the net change for 2014!
12/6/16: about $1,125,000 (excluding house)
FIREd 7/2/15
Nicely done... I've seen a few recently FIRED people post in various threads that their balances have gone up instead of down.
Hindsight is a wonderful thing (FIREing earlier) but I don't think anyone will be too unhappy seeing their numbers continue to go up.
December 9, 2015: $53,000
December 9, 2016: $181,000
Dec 2015: -$41,453.38
Dec 2016: $12,681.38
Hurray to positive net worth!
Dec 2015: -$41,453.38
Dec 2016: $12,681.38
Hurray to positive net worth!
That's a huge jump, and now that you're in the positive, compound growth is working in your favour. 2017 will be awesome
September 2015: -30KCongrats!
End of November 2016: 0.
Never been so happy to be worthless.
September 2015: -30K
End of November 2016: 0.
Never been so happy to be worthless.
Dec 2013 - $210KDec 2016 - $523K. November to December was +$21K, so this recent stock market rally pushed us over the $100K mark for the NW increase for the year.
Dec 2014 - $327K
Dec 2015 - $422K
At the end of 2014 we were at 61% of our target amount.
At the end of 2015 we were at 71%.
December 2016 is looking like right around 86%.
I've been vague about dollar amounts in this thread because they are embarrassing, but "percentage of goal" increases like this are a pretty accurate measure of our progress towards early retirement. And they're probably more relevant than just dollar figures or annual growth rates provided without any context.
Congratulations!!September 2015: -30KCongrats!
End of November 2016: 0.
Never been so happy to be worthless.
So is that like a 4.6% WR?
So is that like a 4.6% WR?
No, and I'm not sure how you arrived at that number. Want to elaborate for me?
So is that like a 4.6% WR?
No, and I'm not sure how you arrived at that number. Want to elaborate for me?
People traditionally use 4% SWR. You are 86% of the way there. .04/.86 = 0.046511627906976744186046511627907
People traditionally use 4% SWR. You are 86% of the way there. .04/.86 = 0.046511627906976744186046511627907
Nicely done... I've seen a few recently FIRED people post in various threads that their balances have gone up instead of down.
Hindsight is a wonderful thing (FIREing earlier) but I don't think anyone will be too unhappy seeing their numbers continue to go up.
How common, do you think it is for your net worth to continue to grow after retiring early?
Very, very common.
The longer your ER, and more aggressive your investment strategy (i.e. more equities), the more likely it is.
For example, using cFIREsim default numbers (40k spend, 1MM portfolio for a 4% SWR, 75/25 allocation, 30 year retirement--95.69% success rate), out of 116 total 30-year periods, after 30 years:
In nominal dollars, 19 of them ended with less than the 1,000,000 you started with. 97 ended with more.
In real (inflation adjusted dollars), 41 ended with less, 75 ended with more.
So if you're just looking at straight dollar amounts (which most of us tend to do, we don't naturally, intuitively discount for inflation), about 84% of the time your portfolio would have risen (and, in real dollars, 65% of the time it would have risen).
That's with you spending down on it year after year, not earning another dollar, not adjusting your withdrawals down in bad years (down markets) or as you get older and spend less.
The majority of the time, portfolios go up if you're using a 4% WR and have a decent (> 33%) amount in equities, with us doing nothing (and we tend to do something if things start going wrong).
If my net worth wasn't growing (not every year, but over multi-year periods), I'd look at that as a caution sign to take a closer look.
12/31/15 - 71k
12/16 - 130k
Pretty amazing growth.
Note: I've only learned about mustachianism in the past few months, but have always been relatively frugal.Good work! Also, is your handle a Peter Hamilton sci-fi reference?
12/1/15 NW: $48K*
12/1/16 NW: $86K**
*net of $10K owed on auto loan @ 0%
**net of $6K owed on auto loan @ 0%
I'm on track to retire in 6 years, at 35, if I can successfully transition to rental property investments at that time. If I stay with passive index fund investments only, I can retire in 9 years.
Note: I've only learned about mustachianism in the past few months, but have always been relatively frugal.Good work! Also, is your handle a Peter Hamilton sci-fi reference?
12/1/15 NW: $48K*
12/1/16 NW: $86K**
*net of $10K owed on auto loan @ 0%
**net of $6K owed on auto loan @ 0%
I'm on track to retire in 6 years, at 35, if I can successfully transition to rental property investments at that time. If I stay with passive index fund investments only, I can retire in 9 years.
5.74 percent gain in NW YTD. Not great but since it is roughly 3 years of expenses I am not complaining.
5.74 percent gain in NW YTD. Not great but since it is roughly 3 years of expenses I am not complaining.
19% Y on Y gain for 2016. I FIRED on Nov 01 with a package so that accounts for part of the gain but it is still happy dance time!
1/1/2014 - $60,000
1/1/2015 - $83,000
1/1/2016 - $140,000
1/1/2017- $255,000 (projected)
Yowzers, almost 100k increase this year and only about a quarter of that was from my contributions.
1/1/15: $64,049Nice! I'm about "2 years behind you" and hoping to replicate those numbers. Like I'm currently at ~65k and hope to make it to 95 or 100k next year.
1/1/16: $93,782
At present: $137,812 (2 paychecks left until 1/1/17)
I made roughly $60k-$65k in that period.
Maxing my 403(b) this year went a long way in boosting the NW (as did maxing my Roth, which I have done the last 4 years). Looking forward to putting away $18,000+$5,500 again this year --- and many years thereafter!
This was our first full year tracking, and a horribly expensive crisis riddled year for us. Number includes equity in the houses (no price appreciation from purchase though) and stocks were only up 1% across accounts in 2015 so this is pretty much all contributions.
Dec 31 2014: 721,425
Dec 31 2015: 823,141
2016, barring any more disasters (pretty please 2016, can we have one year without monumental bad luck...please...I promise I'll be nice to the woodland creatures, and perhaps temper my anger towards fellow DC drivers if so) should be a much better year, and will hopefully be our million dollar year through our own contributions. There is an inheritance coming that will likely push us well over that mark but we want to hit it through our own contributions.
r.
1/1/2014 - $60,000
1/1/2015 - $83,000
1/1/2016 - $140,000
1/1/2017- $255,000 (projected)
That's impressive! What changed this year?
1/1/2014 - $60,000
1/1/2015 - $83,000
1/1/2016 - $140,000
1/1/2017- $255,000 (projected)
That's impressive! What changed this year?
High five on the successful career change!! That's awesome!
Completely changed careers from retail management to Enterprise Software sales in 2015.
Seeing this topic in the list of unread threads for a long time now prompted me to do the calculations for us It's off by 2 weeks (30 Dec 2015 to 15 Dec 2016), but whatevs.
2015: 1214953.98
2016: 1472968.49
Delta: 258014.51
Wow!
Dec 2014 - ($10k) NW, graduated college with engineering degree, owed parents $12k for college.
Started working in early 2015
Dec 2015 - about $20k NW, still owed parents about $6k. Cheap COL, several roommates
Dec 2016 - $71k NW according to Mint, started reading MMM in April or May 2016, paid parents back.
Not bad for 24 years old!
I get paid next week so there's still a bit of inflows to come before the year is out.
Suffice to say I'm tracking almost exactly the same increase as last year at about +178k.
Bricks and Mortar... it just rained growth again this year. Will post a final figure on 31 Dec and roll on 2017 when I should cross $1m :)
1/1/15- $0
11/20/15- $29,800
We haven't been tracking long, but January marked $0 net worth, which is a convenient starting point. (We didn't combine finances fully until this year, so before that, numbers are unclear).
We're now at just around $30k, depending on how the market is going. Hoping to finish the year around $33k, but we will see.
I think $30k in one year isn't too shabby, considering we make about $90k per year, paid two months of overlapping rent, and got married.
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.
Haven't gotten the end of year dividends from Vanguard and can't see the earnings info on our 401ks at the moment, so this is just an approximation..
As of today, at least $100,000. That assumes a flat market.
I'm going to move stuff from all our old 401ks into Vanguard at the start of the year so I can get better visibility, streamline things, and get better returns. Don't want to take a chance on losing out on the end of year dividends from the old accounts
It's January 1 so I did the calculations today of course. There are still some estimates since not everything is easily available electronically so I have to wait for some paper statements (fixing this is a goal for 2015).
Net worth increased about $151K, a mind-blowing number to me. This includes home equity which is a bit less than half of our total NW.
Another goal for 2015 is to do a better job of tracking how much gain or loss is due to the markets and how much is due to contributions. Right now I estimate that the $151K increase is about $101K contributions and $50K market related.
Not expecting those real estate gains to continue...
It was 2015 when I started to really get my fiscal house in order, so my numbers are nowhere near as impressive as those before me, but....
Started the year with a negative net worth of roughly $3700.
Ended the year with a positive net worth of roughly $35,000.
Net gain of about $38,700.
Heading in the right direction!
My first time joining in here:
2015: NW $954k total, NW not including home equity $513k
2016: NW $1.151M total, NW not including home equity $619k
There is still a TON of fat to trim in our spending, but we've increased our NW $106k this year not including our home equity. Some cash savings/bigger contributions to 401K accounts, a lot is market gains. Oh, I didn't include the HSA in those numbers, but it's only about $5k. Since we will sell and move to a lower COL location in retirement we will use our home equity to buy something outright and probably to pay for the younger two kids' college expenses. We want to travel extensively in retirement, and my husband is not as willing to live as frugally as I am, so our target NW for retirement is probably higher than the average here. We haven't settled on the "magic" retirement number yet because we're still in discussion on it. He wants $2.5M plus owning a home outright. I think that's overkill and think half that is adequate for a comfortable retirement.
2012 - $295k
2013 - $419k
2014 - $534k
My net worth tripled this year. Yes, I'm new to this and so it was low to begin with but I'm still super proud of myself!
Nice work, Marty.
I also have seen huge RE gains (though I don't have to take out the value, because mine provide lots of cash flow besides appreciation, per our different investing strategies we've discussed--rather than it being a "problem" towards FIRE, it vastly speeds up FIRE and makes it more secure versus sequence of returns risk).
I wrote a WHOLE long post for this thread a week ago actually, to give people a look at what net worth growth for a real estate investor can look like, complete with animated gif, years of data, financial goals in FIRE, etc.
Then I sat with the tab open, not posting it, for days, because of a comment someone made on their journal. I finally cut and pasted it to a notepad file and saved it and closed the tab, and am still debating posting it.
Suffice it to say, RE investing is stupid (in a good way). :)
Nice work, Marty.
I also have seen huge RE gains (though I don't have to take out the value, because mine provide lots of cash flow besides appreciation, per our different investing strategies we've discussed--rather than it being a "problem" towards FIRE, it vastly speeds up FIRE and makes it more secure versus sequence of returns risk).
I wrote a WHOLE long post for this thread a week ago actually, to give people a look at what net worth growth for a real estate investor can look like, complete with animated gif, years of data, financial goals in FIRE, etc.
Then I sat with the tab open, not posting it, for days, because of a comment someone made on their journal. I finally cut and pasted it to a notepad file and saved it and closed the tab, and am still debating posting it.
Suffice it to say, RE investing is stupid (in a good way). :)
I'd love to see it! Though it will probably make me regret selling our duplex.
And if that isn't available where you live, invest where it is.
And if that isn't available where you live, invest where it is.
I've actually considered this, but having no rental properties locally makes it harder for me to consider investing in something I'm less experienced with and outside my current location.
Property in my current city doesn't come close to netting 1% of purchase price in rent (both rents and housing prices are going up about the same, too). But I'd be hesitant to buy real estate very far away as my first property.
2014: $291k
2015: $377k
Projected end of 2016: $448k
We were hoping to make a 100k increase but we had some significant unexpected expenses this year (mostly repairs on our old house).
We also had our first child in late 2015 and I quit my job to be a stay-at-home mom. All things considered I feel like we did pretty well.
And if that isn't available where you live, invest where it is.
I've actually considered this, but having no rental properties locally makes it harder for me to consider investing in something I'm less experienced with and outside my current location.
Property in my current city doesn't come close to netting 1% of purchase price in rent (both rents and housing prices are going up about the same, too). But I'd be hesitant to buy real estate very far away as my first property.
I bought 350 metres away from where I live as my first investment.
My second is 350 kilometres away.
Logically by extrapolation, my third one needs to be in the Sea of Tranquility on the Moon 350,000 kilometres away :D
Seriously though, I will need to spend a fair bit more time and research on other markets before jumping in the deep end.
And if that isn't available where you live, invest where it is.
I've actually considered this, but having no rental properties locally makes it harder for me to consider investing in something I'm less experienced with and outside my current location.
Property in my current city doesn't come close to netting 1% of purchase price in rent (both rents and housing prices are going up about the same, too). But I'd be hesitant to buy real estate very far away as my first property.
I bought 350 metres away from where I live as my first investment.
My second is 350 kilometres away.
Logically by extrapolation, my third one needs to be in the Sea of Tranquility on the Moon 350,000 kilometres away :D
Seriously though, I will need to spend a fair bit more time and research on other markets before jumping in the deep end.
I'm not that far from you, and I can recommend an awesome tenant... :P
Question is, how will I bring myself to raise the rent...
Add automated rent increases into the initial lease. :)And if that isn't available where you live, invest where it is.
I've actually considered this, but having no rental properties locally makes it harder for me to consider investing in something I'm less experienced with and outside my current location.
Property in my current city doesn't come close to netting 1% of purchase price in rent (both rents and housing prices are going up about the same, too). But I'd be hesitant to buy real estate very far away as my first property.
I bought 350 metres away from where I live as my first investment.
My second is 350 kilometres away.
Logically by extrapolation, my third one needs to be in the Sea of Tranquility on the Moon 350,000 kilometres away :D
Seriously though, I will need to spend a fair bit more time and research on other markets before jumping in the deep end.
I'm not that far from you, and I can recommend an awesome tenant...
Question is, how will I bring myself to raise the rent on you and your DH each year?
Or are you banking on that? ^_^
It's January 1 so I did the calculations today of course. There are still some estimates since not everything is easily available electronically so I have to wait for some paper statements (fixing this is a goal for 2015).
Net worth increased about $151K, a mind-blowing number to me. This includes home equity which is a bit less than half of our total NW.
Another goal for 2015 is to do a better job of tracking how much gain or loss is due to the markets and how much is due to contributions. Right now I estimate that the $151K increase is about $101K contributions and $50K market related.
Fun to see that I had posted in this thread almost two years ago. I reported that in 2014 our NW had gone up $151K ($CAD, but still nice). I revised 2014 due to a better real estate valuation, so it looks like this:
2014: $174K increase in NW
2015: $213K increase
2016: estimating a $239K increase
I apologize for linking to this again, but it seems relevant for this thread. I had posted back in 2014 that I wanted to better understand where our changes in NW had actually come from, so I finally worked it out:
(http://i.imgur.com/QGGkgmR.jpg)
Not expecting those real estate gains to continue...
Killed around 25k in debt
Added around 10k in retirement accts
Massive diy home renos adding at least 10k in value (uneducated guess)
~$45k net worth increase
Wow this is actually kind of surprising. I was feeling a little sad that we aren't rich yet lol, but I guess we did better than I thought : )
This is so neat! How did you make it?
Our household net worth:
Dec 2014 $150k
Dec 2015 $195kNov 2016 $246k
Dec 2016 $256k
Oh man, this thread is really a kick in the pants! I'm up a paltry 12%, partially due to a lack of focus and partially due to shifting a lot of things around to purchase a house.
Here's to 2016 being much more focused!
I little over 200k over the last 12 months.
Not quite as good this year at $180k. Saved more, but my investments didn't do nearly as well.
I little over 200k over the last 12 months.
Not quite as good this year at $180k. Saved more, but my investments didn't do nearly as well.
Up a ridiculous $660K this year, but a lot of that is inflated Zillow values. Investments were up $241K.
I little over 200k over the last 12 months.
Not quite as good this year at $180k. Saved more, but my investments didn't do nearly as well.
Up a ridiculous $660K this year, but a lot of that is inflated Zillow values. Investments were up $241K.
December 2013: $43,800
December 2014: $70,200
December 2015: $107,700
Goal for next year: $150,000 if we stretch for it.
Just found this thread! I found MMM in mid-2014, but I have been on the right track for a long time.
- Net worth up 219K, from 200K to 419K, 110%!
- Assets up 204K, from 350K to 554K, up 58%!
- Investments up 84K, from 183 to 267, 46%!
- Debt down 11K to 140K, down 7%!
- Income on the year: 80K (not counting auto deposits to 403Bs, I think)
I little over 200k over the last 12 months.
Not quite as good this year at $180k. Saved more, but my investments didn't do nearly as well.
Up a ridiculous $660K this year, but a lot of that is inflated Zillow values. Investments were up $241K.
Even if it is inflated, there has to be some substance behind it... if that's the market, then that's the market.
If shares were trading at ridiculously high P/E ratios would you discount the value? Or would you take the market price as fair value?
(Congrats regardless, phenomenal effort)
Jan 2, 2013 -($33,302)
Jan 2, 2014 -($20,162) +13,140
Jan 2, 2015 $2,833 +22,995
Jan 2, 2016 $13,330 +10,497
Jan 2, 2017 $75,494 +62,164
$20K from property value increase along with about $9,000 in market gains.
But the rest was $4,700 in retirement contributions and $28,464 of debt reduction.
Pretty pumped that my 2016 efforts exceeded the previous 3 years combined :)
Jan 2, 2013 -($33,302)
Jan 2, 2014 -($20,162) +13,140
Jan 2, 2015 $2,833 +22,995
Jan 2, 2016 $13,330 +10,497
Jan 2, 2017 $75,494 +62,164
$20K from property value increase along with about $9,000 in market gains.
But the rest was $4,700 in retirement contributions and $28,464 of debt reduction.
Pretty pumped that my 2016 efforts exceeded the previous 3 years combined :)
Nice job on the debt reduction LWTG!
2013: 179k
2014: 200k (+21k)
2015: 340k (+140k) [80k was from increase in home value]
Keeping the total numbers private, but up about $31,000 for the year. Currently a full time PhD student working part time as a programmer with a gross income of about $40,000. About half of the increase is due to market appreciation, the other half is due to savings.
Nov '13 - $104k
Nov '14 - $142k
Nov '15 - $183k
Day to day, sometimes feel like I'm treading water, it's great to look at the bigger picture.
Pretty pumped that my 2016 efforts exceeded the previous 3 years combined :)
12/31/ 2015: $769K
12/31/2016: $1,063K
Total Increase: $294K
2017 Probably won't be as good. 2016 included an incredibly generous bonus for my wife, as well as unintended over-withholding on taxes of about $10K. It was also a pretty good year for market appreciation.
Was not able to directly view your image, but it did download and then I could view it locally. Here's a more widely accepted PNG format.
Jan 1 2015 - 312K
Jan 1 2016 - 403K
Jan 1 2017 - 498K
Holy crap...it is amazing to lay out all our hard work like this and see it happening for real.
The other big thing that we accomplished this year was the DH actually retiring from the military. I don't have that pension added into our NW number, but what it did do was bring our FIRE number down significantly. We are FI right now, but I'm continuing to work to feed my OMY syndrome.
DH just got offered a job at my exact pay grade, so once that gets set in stone, we are planning for us to switch places while he goes back to work for 24 months to pay for his expensive car hobby while I take care of the house/kids/MIL. The freedom, it feels good!
Nov 2016/Nov 2015 - 1 = 11.5%
We are targeting the same for next year, but we need to maintain 8.4% increases in invested assets to hit my FIRE goal by age 50.
ETA: I liked the wr percentage way of discussing this, so I added my numbers in terms of w/r.
If I FIREd today, I'd be at 5.4% wr on invested assets.
Progression if we hit the required min is
2016 5.4%
2017 5.0%
2018 4.6%
2019 4.2%
2020 3.9%
2021 3.6%
2022 3.3%
2023 3.1%
2024 2.8% - FIRE Eligible
I just checked the numbers on Mint.
December 31, 2015 = $242,037
Net Worth Today = $356,460
An increase of roughly ~$114k! Technically this is cheating a little bit as this is probably picking up roughly $5k of market growth from the early 2017 days.
These are my personal net worth numbers. I'm 29 years old and getting married in December of 2017. My fiance has a net worth of roughly ~$90k. I don't expect 2017 NW gains will be nearly as impressive for a couple of reasons. I doubt the market will perform as well, we will incur above standard expenses as a result of the wedding, and I may take a pay cut to leave my soul sucking but well paid finance job. Regardless, it's my goal to get married with a combined net worth of half a million dollars after all wedding expenses. I think we will get there barring some sort of market collapse.
-15k last year to minus 1,985 this January.
Aim to be at 18k january 2017
Net savings rate 64%, increased investments value by $115,589 since Jan 1, 2016 - $17,000 ahead of plan!
Also paid off the mortgage after 13 years in a HCOL area in February, which really helped out in those investments. Thanks MMM for not letting me buy a Porsche!
I'd have been happy just having another positive year. Oil and gas has sucked lately, so still having a job is reassuring. As the year went by, I figured I'd be positive, but meh. Thought Hillary would get elected and I'd muddle through. Then we had the end of year bull market and I'm up over 15% on a massive and conservatively invested 'stache! Who would've ever thought I'd be doing the backstroke a la Scrooge McDuck in my later years having internalized the Duck Tales mantra 'work smarter not harder' as a kid! Life is good when it all goes according to plan (and better, when least expected).
But I don't expect this to last. Even, at this point, if it lasts another year or two, it is underpinned by finagling that will need to be hedged against (like the dollar weakening, inflating spiking, or real estate falling in value). But if we can digest these gains and stay flat or somewhat average for the rest of my existence, life will have been exceptionally good!
I started tracking spending and savings in April, so for the last 9 months of 2014 my net worth increase was $8846 during that same time my spending was $9783. Seeing it spelled out like that makes me feel like it was hardly worth it.
DELTA
Net Worth 2009 0 0
Net Worth 2010 10,000 10,000
Net Worth 2011 44,772 34,772
Net Worth 2012 55,982 11,210
Net Worth 2013 172,493 116,511 #grew a mustache thanks to coworkers
Net Worth 2014 279,041 106,548
Net Worth 2015 383,318 104,277
Net Worth 2016 521,220 137,902
# hoping to majorly cut back on spending, and not have health expenses - +150-170 -- maybe :S
2012 55,982 +11,210
2013 172,493 +116,511
Wow $300k is amazing. Good luck with the AirBnB, hope it all goes well. Husband going to be a stay-at-home dad?Trying to decide between airbnb, flatmates and homestay students but I think the homestay thing would be less work as less demanding and less cleaning since they stay longer. Flatmates might be too long. Yes stay at home Dad now, going ok he thinks.
Didn't start tracking until last year but here goes:
December 2015: $135,962.58
December 2016: $181,753.15
$45,790.57! Going to shoot for $235,000 next year, an increase of $53,246.85, which is a little ambitious for us, but doable.
Wow some great Numbers!
I am definitely not a full blown mustashian... My wife and I do buy some nice things, newer cars etc. dinner out once a week (usually $40) but we are fairly frugal.
We save about 40% of our 110k combined income.
1-1-2017 414K
1-1-2016 344k
1-1-2015 326k
1-1-2014 278k
1-1-2013 168k
1-1-2012 125k (Found MMM)
1-1-2011 110k
1-1-2010 68k
1-1-2009 25k
1-1-2008 roughly 0
Thank you.
Who do you fly for?
First time posting but I have been reading for a while. I was relatively money conscious prior to finding MMM but my awareness has definitely gone up since reading this blog and others over the past 8 months or so.
NW Gains by year:
2013: +$29,300
2014: +$28,700
2015: +$40,900
2016: +$64,400 (projected)
These are inclusive of property value increases. We bought our first home in 2014 and spent a lot of money on household wares/improvements/stuff, that's why the increases stagnated a little bit. We got our heads on straight in late 2015 and then kicked into a higher gear this past year. Altogether my personal expenses were reduced by almost $18k (I was really spending like a drunken sailor in 2015 apparently) in 2016 compared to 2015 and there is still room for more improvement.
I'll revisit this post after December 31 to see how accurate my projection was. Maybe I'll include some info about our combined NW change as a couple (numbers above are just me).
What a great year:
1/2016 - $275,600
1/2017 - $400,014
2 billion
2014: $1396k
2013: $1152k
2012: $885k
2011 $649k
2010: $615k
2009: $183k
2008: $54k
2007: $48k
2006: $11k (Personal finance awakening)
Run rate over the last couple of years seems to have stabilized around $240k/year, about 50/50 saving and investment return.
11/30/17: $1,010K11/30/16: $802K11/30/13: $468K11/30/15: $688K
11/30/14: $605K
11/30/17: $1,010K11/30/16: $802K11/30/13: $468K11/30/15: $688K
11/30/14: $605K
September 2015: -30K
End of November 2016: 0.
Never been so happy to be worthless.
11/30/17: $1,010K11/30/16: $802K11/30/13: $468K11/30/15: $688K
11/30/14: $605K
2014: $1396k
2013: $1152k
2012: $885k
2011 $649k
2010: $615k
2009: $183k
2008: $54k
2007: $48k
2006: $11k (Personal finance awakening)
Run rate over the last couple of years seems to have stabilized around $240k/year, about 50/50 saving and investment return.
Am I going to have to come back here to edit the thread title every year forever?
You guys will never let me leave :)
Topic thread updated to the future, I mean, present... I mean... whatevs
Our household net worth:
Dec 2014 $150k
Dec 2015 $195k
Dec 2016 $256k
Nov 2017 $278k
Am I going to have to come back here to edit the thread title every year forever?
You guys will never let me leave :)
Topic thread updated to the future, I mean, present... I mean... whatevs
Total NW:God I love it when people go from the darkness (debt) into the light!(the black in assets)
Jan 1 2017: -$24,413.19
Dec 1 2017: $5,177.90
Total Increase: $29,591.09
Bumper year for us.
Shot up from 67% of target to 79% of FIRE target so far.
Waiting on retirement fund manager reports in Jan, and with the good share market I could prob expect another $30K as a cherry on top for the year.
Good year in real estate, plus an extremely high income year from my job.
Expecting realestate to flatline in 2017, but high employment income to continue for at least 1 more year, if my job doesn't kill me in the mean time. Lol.
No idea what the share market might get do in 2017, but we'll keep accumulating and increasing our exposure.
Thinking maybe 2.5 years to FIRE, but might pull the trigger a little earlier and roll the dice on picking up some post RE non-investment income.
At the end of 2014 we were at 61% of our target amount.
At the end of 2015 we were at 71%.
December 2016 is looking like right around 86%.
At the end of 2014 we were at 61% of our target amount.
At the end of 2015 we were at 71%.
December 2016 is looking like right around 86%.
It's not even the end of 2017, and we're already well over 100% of our target goal. At this point, it's not money that is keeping me at my desk.
As previously discussed (https://forum.mrmoneymustache.com/welcome-to-the-forum/'one-more-year'-strikes-the-rich-the-hardest/), I still plan to give away at least half of my salary for every paycheck I receive past my target date. The other half will go towards special spending projects, like replacing the siding on my house before we have any structural damage, to try to minimize future unexpected irregular expenses. The recent spike in asset values has me a little worried about a coming crash, but it has spiked so far by now that even a moderate recession would leave us in reasonably good shape.
Since you're so close, are you looking at switching some assets over to safer investments, or just letting it ride?
Am I going to have to come back here to edit the thread title every year forever?
You guys will never let me leave :)
Topic thread updated to the future, I mean, present... I mean... whatevs
Am I going to have to come back here to edit the thread title every year forever?
You guys will never let me leave :)
Topic thread updated to the future, I mean, present... I mean... whatevs
You can check out any time you like...
Am I going to have to come back here to edit the thread title every year forever?
You guys will never let me leave :)
Topic thread updated to the future, I mean, present... I mean... whatevs
"Net worth increase this year (i.e. the 'present' you give yourself)" ;)
down about 50%
Divorce'll do that.....
We're up a ridiculous 24.2%. If only the market could keep this up, we could have retired years ago. Alas, I'm still working because this gravy train won't last forever.
At the end of 2014 we were at 61% of our target amount.
At the end of 2015 we were at 71%.
December 2016 is looking like right around 86%.
It's not even the end of 2017, and we're already well over 100% of our target goal. At this point, it's not money that is keeping me at my desk.
As previously discussed (https://forum.mrmoneymustache.com/welcome-to-the-forum/'one-more-year'-strikes-the-rich-the-hardest/), I still plan to give away at least half of my salary for every paycheck I receive past my target date. The other half will go towards special spending projects, like replacing the siding on my house before we have any structural damage, to try to minimize future unexpected irregular expenses. The recent spike in asset values has me a little worried about a coming crash, but it has spiked so far by now that even a moderate recession would leave us in reasonably good shape.
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.
Estimate net worth increase 180k, not my best year, but better than I was expecting. I'm selling the clown house, and shifting the capital around into another real estate project so that it won't just be capital tied up on a single PPOR asset. I'm just about at the worst cashflow point right now, so savings in recent months have been minimal ( super guarantee only).
Estimate net worth increase 180k, not my best year, but better than I was expecting. I'm selling the clown house, and shifting the capital around into another real estate project so that it won't just be capital tied up on a single PPOR asset. I'm just about at the worst cashflow point right now, so savings in recent months have been minimal ( super guarantee only).
This applies to about 9/10 dwellings in our fair state. Not sure you can find a place that is not a clown house here :)
I'm up about $40k this year, going from roughly $30k in the red (mostly student loan debt, now paid in full) to about $10k in the black. Onwards and upwards!
Year N.W. Chg. Remarks
2014 -30k Discovered MMM while paying off student loans early.
2015 15k +45k Finished paying off student loans.
2016 69k +54k Changed jobs.
2017 140k +71k Cross-state move and another job change. Bought our first house—half of the equity came from my savings, half came from my wife's (not tracked in my N.W. here).
Not including home equity.
Dec 8th 2016 ... $2,120,000
Dec 8th 2017.... $2,435,000
$315k or 14.9% rise with no job and about $16k rental income.
December 9, 2015: $53,000
December 9, 2016: $181,000
December 9, 2017: $238,000
December 9, 2015: $53,000
December 9, 2016: $181,000
December 9, 2017: $238,000
Well done :) $300k for sure next year!
Total NW:
Jan 1 2017: -$24,413.19
Dec 1 2017: $5,177.90
Total Increase: $29,591.09
This has been an uncommonly good year for us. It looks like our non-home equity stuff went from somewhere around 33%. I believe the increase was this big as a percentage because we sunk a bunch of savings into an HCOL house down-payment a few years ago. So my salary was large relative to our savings, and it was filling in the hole. Including the home it looks like we're up about 20%.Dec 2016: 60% FIRE
We are selling the house at a huge profit next year and moving to New York, which will bring our invested assets close to our FIRE number. We will probably ride our jobs for a year or two more, since we'll go from having "enough" to "enough and plenty more besides." I also want to see what Donald Trump does with this country before making any hasty decisions.
1/1/15- $0
11/20/15- $29,800
We haven't been tracking long, but January marked $0 net worth, which is a convenient starting point. (We didn't combine finances fully until this year, so before that, numbers are unclear).
Approximate 2016 end of year numbers! Needless to say.... a big jump this year. +$78,517 in 2016. Combined earnings will probably come out to ~$105k for the year. Combination of market gains, home purchase that worked out nicely (immediately valued higher than we paid), and a generous gift from my grandmother to help pay some student loans.
12/18/2016: $108,317
11/20/15: $29,800
1/1/15: $0
(2014, -$20k, although that's pretty much a total guess)
December 2016 $1,484,626
As of December 11, 2017 $1,813,340
Increase of $328,714 . . . . WOW!
That's a pretty solid year. I know the shoe is going to drop soon and likely shave 10-20% off, but it is what it is.
Have you been holding "dry powder" while you wait for the right moment? It has passed.
April17 - December 17
30k - 57K = 27k in 8 months. Bout 115$ a day.
Peanuts to all of you counts, but still proud of it :).
We are in the midst of building a family home, so not much cash at hand, but the net worth has significantly increased over the last years.
Family Home: 468,000 USD
Rented Building: 113,724 USD
Rented Apartment 1: 81,900 USD
Rented Apartment 2: 75,000 USD
9 hectares of prime farmland: 204,282 USD
Nest Egg for Son: 5,967 USD
Stock: 23,400 EUR
Cash: 6,500 USD, on checking accounts in Euro and Swiss Francs.
Sum: 972,279 USD in Assets
Debt: Mortgage at 2.02%, 280,000 USD
Total: 692,279 USD
That's a pretty solid year. I know the shoe is going to drop soon and likely shave 10-20% off, but it is what it is.
I think that's part of the utility of a thread like this one. It makes "easy come, easy go" a little easier to accept. We probably can't complain about a horrendous 20% market crash when everyone has doubled their money in three years.
A 10% drop would technically count as a "correction" but that would only set us all back about twelve weeks. That's chump change. I wouldn't even blink.
Of course the flip side of that argument is that anyone who isn't in the market is probably kicking themselves. Did you thorstach the top and go all cash in 2013? Then congratulations, you just played yourself. Are you a new investor just getting started this month? You've missed out on an absolutely historic wealth-building rally. Have you been holding "dry powder" while you wait for the right moment? It has passed.
Wow, how have I missed this thread the past few years. These are the numbers I wait all year to tally. For perspective, I'm including numbers as far back as I started tracking.2017-577K
2011 - 72k
2012 - 139k
2013 - 217k
2014 - 284k
2015 - 332k
2016 - 431k if markets hold til the end of the month
Yowzers, almost 100k increase this year and only about a quarter of that was from my contributions.
April17 - December 17
30k - 57K = 27k in 8 months. Bout 115$ a day.
Peanuts to all of you counts, but still proud of it :).
And you should be! Well done!
Jan 1 2015 - 312KFunny to go back and look at what I thought this year would look like. The job didn't happen for DH for 6 full months after this so I kept working. MIL moved out (Whoop!). And now we have a FIRE date of 8 June 2018. DH has even backed off on his expectations for what his expensive car hobby should cost (this is huge progress for us, as it was a very sore subject for me).
Jan 1 2016 - 403K
Jan 1 2017 - 498K
Holy crap...it is amazing to lay out all our hard work like this and see it happening for real.
The other big thing that we accomplished this year was the DH actually retiring from the military. I don't have that pension added into our NW number, but what it did do was bring our FIRE number down significantly. We are FI right now, but I'm continuing to work to feed my OMY syndrome.
DH just got offered a job at my exact pay grade, so once that gets set in stone, we are planning for us to switch places while he goes back to work for 24 months to pay for his expensive car hobby while I take care of the house/kids/MIL. The freedom, it feels good!
I'm not very good at keeping accurate records due to the fact my investments are in GBP, my wife's in USD and we get paid in RMB.
Anyway, rough figures, give or take a $1k or so:
January 2016 - $155k
December 2016 - $225k
Still seems an incredible sum of money to me, given that we started out on our journey about 2 1/2 years ago!
Did you thorstach the top...
One thing that has changed is how I feel about money. The thought of having £25k two years ago was very exciting, but actually having £44k now is pretty "meh". Is this hedonic adapation in action?
Great comparison. I'm learning a martial art as well so know what you mean haha.One thing that has changed is how I feel about money. The thought of having £25k two years ago was very exciting, but actually having £44k now is pretty "meh". Is this hedonic adapation in action?
In my experience, investing money is kind of like learning a martial art. It starts with "I'm going to buy so much stuff when I have more money!" or "I'm going to kick so much ass once I know how!", but the discipline of the process changes how you feel once you get to the finish line.
Did you thorstach the top...
This is a wonderful new verb.
I'm probably going to feel icky later about this being out there and delete it but for now...
Dec 2015 [Mod edit - he felt icky later]
Dec 2016 [Mod edit - he felt icky later]
Dec 2017 [Mod edit - he felt icky later]
That is an awesome 2 year gain. Nicely done!
$110k increase, woohoo! Got on this train and it's full speed ahead! Note I don't own a house, these are not theoretical gains. :D
$110k increase, woohoo! Got on this train and it's full speed ahead! Note I don't own a house, these are not theoretical gains. :D
Aren't stock gains theoretical too until you sell? :-P
I'm astonished that at my current grad student income in a HCOLA, my spreadsheet says I could retire after a 28-year working career, aka 15 years before age 65. And I don't intend to be either a grad student or in SoCal that long.
I always get excited when I see this thread pop up. Had to go look even though it is not quite the 31st yet. Not net worth, but a snapshot of our Vanguard accounts and a good reflection of our progress. We really can't believe how far we've come.
$51,225.09 12/31/05
$80,038.12 12/31/06
$106,744.13 12/31/07
$103,123.87 12/31/08
$162,172.69 12/31/09
$218,666.31 12/31/10
$249,987.31 12/31/11
$320,336.60 12/31/12
$435,649.50 12/31/13
$518,275.26 12/31/14
$593,962.10 12/31/15
$746,482.89 12/31/16
$975,936.51 12/17/17*
*Need to update on the 31st, but I'll take a ~$229K gain any year!
The stock market fat lady has yet to sing on 2017 and I am not really qualified to estimate the real estate portion of our net worth, but appear on track for a seven figure increase for the year. I estimate more than a third of that is due to continued work (savings, pension accruals, stock grants) so the OMY syndrome is reinforced.
5.74 percent gain in NW YTD. Not great but since it is roughly 3 years of expenses I am not complaining.
19% Y on Y gain for 2016. I FIRED on Nov 01 with a package so that accounts for part of the gain but it is still happy dance time!
Found MMM in March/April. Cut costs, started budgeting, plowed every penny into equities.How much a year do you make? Did you invest in Bitcoins?
Didn't start tracking until July in personal capital but since July we've gone from $1.0M to $1.96M as of today.
Found MMM in March/April. Cut costs, started budgeting, plowed every penny into equities.How much a year do you make? Did you invest in Bitcoins?
Didn't start tracking until July in personal capital but since July we've gone from $1.0M to $1.96M as of today.
Jan 2016: 33,972Holy smokes! More than doubled in a year? That is impressive indeed!
Jan 2017: 71,837
Increase $37,865
Numbers in AUD
End 2015: $222k
End 2016: $299k
Trying to improve the savings rate in 2017 to get to $400k.
Dec. '13: $96,000Congrats!
Dec. '14: $110,000
Dec. '15: $160,000
Dec. '16: $262,000
Dec. '17: $376,000
Congrats to many on here absolutely killing it. Many of you are starting at a younger age than myself. I wasted a lot of time and money before I finally began to become an adult at about 31 years old.
Currently 35 yrs old. I started to track net worth in 2014. Found MMM in 2016 and got more serious. Still making plenty of mistakes but starting to really see the 'stache can work harder than I can.
So far I have (1) Rental myself + (4) 50/50 Rentals with a partner and $260k+in stocks (retirement + taxable). Debt free except mortgages on rentals. My apartment is rented.
I got married this year and many changes ahead in 2018 but very excited for the future. 2018 big goal is $500k.
My turn:2017 - $1,082k2012 - $295k2015 - $713k
2013 - $419k
2014 - $534k
2016 - $897k
My net worth (excluding retirement funds - around $53k)
2013 -$33,600 owed (student loans)
2014 -$21,000 owed
2015 -$2,242 owed - so close to free!!!!
.....looking back now, I'm so very glad I found MMM!!!!!
My turn:2017 - $1,082k2012 - $295k2015 - $713k
2013 - $419k
2014 - $534k
2016 - $897k
Good thing is that a lot of the gains are now in liquid investment accounts that I can use for FIRE. Another couple of years at $180k growth and I'll be pretty much done 🙂
Interesting, though, that the birth of the MMM blog so neatly corresponded with a period of great market performance. I wonder how the blog would be different if we had had five years of stagnation and apparent forward looking SWRs were lower in an environment of benefit cuts.Yes, I suspect the very upbeat tone in the blog would be different, we would still have savers
It's easy to preach the joys of investing during a historic bull.I am very greatful, the timing is perfect for my recent retirement which turned out to be a semi retirement. But as it worked out we had a nice stache to grow during this growth period.
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.
2011 -16K
2012 3.5K
2013 33K
2014 17.5K
2015 41K
2016 104.5K
2017 85K
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.
2011 -16K
2012 3.5K
2013 33K
2014 17.5K
2015 41K
2016 104.5K
2017 85K
I'm curious how investing brought you NW down. It should be up, so what are you investing in?
December 2014: $696K
December 2015: $761K
December 2016: $878K
Wow--how is that even possible? But there it is in black and white in my spreadsheet, so it must be true. :)
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.
2011 -16K
2012 3.5K
2013 33K
2014 17.5K
2015 41K
2016 104.5K
2017 85K
I'm curious how investing brought you NW down. It should be up, so what are you investing in?
I bought a duplex and reno'ed the kitchen. The house cost 10K cash out of pocket, then the reno cost a total of 14 (would have been cheaper, but tools are something one needs to do the job). So that is the bulk of the decrease there and a large portion of my company investments have not vested yet, so they dont show up on my mint. If that did then I would have about 14K more in there.
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.
2011 -16K
2012 3.5K
2013 33K
2014 17.5K
2015 41K
2016 104.5K
2017 85K
I'm curious how investing brought you NW down. It should be up, so what are you investing in?
I bought a duplex and reno'ed the kitchen. The house cost 10K cash out of pocket, then the reno cost a total of 14 (would have been cheaper, but tools are something one needs to do the job). So that is the bulk of the decrease there and a large portion of my company investments have not vested yet, so they dont show up on my mint. If that did then I would have about 14K more in there.
Why do a renovation then if it doesn't increase the value of your property? Assuming it is worth more after the reno, shouldn't your equity in the property (and net worth) have increased?
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.
2011 -16K
2012 3.5K
2013 33K
2014 17.5K
2015 41K
2016 104.5K
2017 85K
I'm curious how investing brought you NW down. It should be up, so what are you investing in?
I bought a duplex and reno'ed the kitchen. The house cost 10K cash out of pocket, then the reno cost a total of 14 (would have been cheaper, but tools are something one needs to do the job). So that is the bulk of the decrease there and a large portion of my company investments have not vested yet, so they dont show up on my mint. If that did then I would have about 14K more in there.
I am kinda all over the place but this includes a lot of investing in 2017 hence the drop in net worth.
2011 -16K
2012 3.5K
2013 33K
2014 17.5K
2015 41K
2016 104.5K
2017 85K
I'm curious how investing brought you NW down. It should be up, so what are you investing in?
I bought a duplex and reno'ed the kitchen. The house cost 10K cash out of pocket, then the reno cost a total of 14 (would have been cheaper, but tools are something one needs to do the job). So that is the bulk of the decrease there and a large portion of my company investments have not vested yet, so they dont show up on my mint. If that did then I would have about 14K more in there.
So real estate investments, that makes sense. You should turn that around in no time.
Fun way to close out the year, and to see compounding at work.
2012: $219k (salary $78k)
2013: $315k (salary $75k)
2014: $420k (salary $80k)
2015: $475k (salary $86k)
2016: $601k (salary $90k) - hit $500k in April
Financial goals: a paid off house + $1.3M stash to support a conservative 3% withdrawal rate via ~75% savings rate, 90/10 asset allocation.
Looking at 6-10 years out. Spent $20.5k in 2016. My FIRE budget ($36k) has a substantial cushion because of unknown health care costs, and other fluff that could be cut if necessary. To many here, this is irrationally conservative...and reckless to many Bogleheads :)
Onwards and enjoy!
12/20/16: about $1,150,000 (excluding house)End 2013: about $822000
End 2014: about $1015000
Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total (the value of which is not going to change drastically).
I was pleasantly surprised with the net change for 2014!
12/6/16: about $1,125,000 (excluding house)
FIREd 7/2/15
My NW went up $171,341 this year. And my main job only paid me ~$80K gross. My rental income mostly paid my mortgage, and I had $17K in side-gig income. Still. Jeepers.
My NW went up $171,341 this year. And my main job only paid me ~$80K gross. My rental income mostly paid my mortgage, and I had $17K in side-gig income. Still. Jeepers.
Niiice.. Still quitting in 2018?
Changes in NW by year (not total NW):
2013: +$29,300
2014: +$28,700
2015: +$40,900
2016: +$69,800
My NW went up $171,341 this year. And my main job only paid me ~$80K gross. My rental income mostly paid my mortgage, and I had $17K in side-gig income. Still. Jeepers.
Niiice.. Still quitting in 2018?
Yes--very definitely. No turning back now, even if I wanted to, as I signed paperwork for the Voluntary Separation Incentive Payout, which I will receive on 6/30/18. My last day of classes will be on April 19.....109 days from now. :)
* Dec 2014 - 12% of target stash
* Dec 2015 - 15% of target stash
* Dec 2016 - 25% of target stash
We found MMM in summer 2016, so the "stash" concept did not exist for us in 2014 or 2015, hence the lackluster improvement from 2014 to 2015. With just a half year of deliberate savings in 2016, we are now 1/4 of the way to our goal. I'm hoping 2017 will be a big year for us, with a full year of MMM mindset under our belts.
I've also been focusing on eating out less, about once a week now compared to... umm, literally every meal. *blushes*
Net worth started at around $200k in February, now around $290k.
It's been interesting keeping track of my expenses for the first time ever.
Current savings rate: ~57%
Yearly expenses: ~$20k, $2k of which is taken up by travel (mostly hotels).
I opened up my first credit card this year around the same time I found out about FI. My goal for next year is to sign up for my second credit card and hopefully get some nice travel rewards bonuses out of it, and also spend more nights camping instead of staying in hotels.
I've also been focusing on eating out less, about once a week now compared to... umm, literally every meal. *blushes*
Net worth started at around $200k in February, now around $290k.
It's been interesting keeping track of my expenses for the first time ever.
Current savings rate: ~57%
Yearly expenses: ~$20k, $2k of which is taken up by travel (mostly hotels).
I opened up my first credit card this year around the same time I found out about FI. My goal for next year is to sign up for my second credit card and hopefully get some nice travel rewards bonuses out of it, and also spend more nights camping instead of staying in hotels.
I've also been focusing on eating out less, about once a week now compared to... umm, literally every meal. *blushes*
Being very generous and calling it $10 a meal... that's well over $10,000 a year on eating out :O
Can confirm camping is a whole lot of fun. Especially when there's no TV /phone reception and it's just you and the starry starry night.
I'm up 13% in 2016, leaving me only $6k short of my "bare-bones" FI target and $206k short of "comfortable" FI. Planning to RE in 15 months, when I expect to be somewhere in between those numbers.
Oh man, this thread is really a kick in the pants! I'm up a paltry 12%, partially due to a lack of focus and partially due to shifting a lot of things around to purchase a house.
Here's to 2016 being much more focused!
Revisiting the 2015 numbers, turns out I shorted myself a percent. That said, I did much better this year with a NW increase of 21.7%!
Our household net worth:+$27k in the year we had a baby, moved 5000km away, dropped to a single income and spent 3 months on holidays. It isn’t last years gains but I’m pretty happy regardless.
Dec 2014 $150k
Dec 2015 $195k
Dec 2016 $256k
Dec 2017 $283kNov 2017 $278k
Turns out we had a pretty good year despite the massive money-letting that was the renovations to our new-to-us old house. This is our first home so we went from NW compromised of purely investments and cash to that plus home equity.
Our NW as of December 31, 2015 was $333,176.15 and current NW including home equity is $427,947.20 (+$94,771.05). This is impressive considering we spent just shy of $45k in closing costs and home improvements this year.
2016 NW breakdown
Cash and investments: $370,799.22
Home equity (purchase price - mortgage balance): $46,619.89
Cars (2): $10,528.09
Total: $427,947.20
Good news for 2017
- Annual husehold income has increased from $170,600 to $183,570 (+$12,970) due to my husband's recent promotion plus year-end increases for both of us. This doesn't include any bonus income we may see this year. Woo hoo!
- As of May 2016 my husband and I work in the same location and carpool to work most days. I'm looking forward to greatly reduced car usage and gas consumption now that we only have one home.
- All of the major renovation work in the house is finished, so we can get back to dumping serious cash into investments! We just have some small stuff left now...lawnmower, some paint, garden supplies, etc.
- We have no big spendy plans for 2017. We're talking about keeping our travel local and hosting my in-laws instead of traveling internationally to see them.
2017 NW Goal
Hit $500k NW (cash, investments, home equity) by my husband's 30th birthday in August, with a stretch goal of $550k by this time next year. --> We exceeded this goal massively, thanks to a crazy year in the market!
About a $330,000 Networth increase for us, perhaps our last large net worth increase ever as wife and I both quit our jobs this year1/1/2018 : $1,362,853.31
About $100,000 of that was from appreciation and capital freed up when we sold our primary residence.
1/1/2016 : $851,955.14
1/1/2017 : $1,183,264.32
About a $330,000 Networth increase for us, perhaps our last large net worth increase ever as wife and I both quit our jobs this year1/1/2018 : $1,362,853.31
About $100,000 of that was from appreciation and capital freed up when we sold our primary residence.
1/1/2016 : $851,955.14
1/1/2017 : $1,183,264.32
Networth increased by almost $180,000 even without jobs. I guess I was wrong when I predicted last year would be the last year of large net worth increases :S
Dec 2016--1.452955
Dec 2017--1.754752
Increase of 301797, almost all of it gains as I quit my soul sucking job in May, subsequently got badly injured and haven't been able to work since. Oh and our my leech of a FIL moved in with us.
So if any of you need an inspiration for doing this outside of early retirement, let me tell you, you never know what's going to happen that will prevent you from working, or for how long. I'm in my 30's and according to my surgeon, may be permanently disabled (crossing fingers the nerve heals and doesn't just shrivel and die).
12/31/2011: $18,71912/31/2017: -$30,801 2018 could be the year we get back to black
12/31/2012: $23,793 Income: 20k/yr.
12/31/2013: -$57,156 Started grad school financed by loans and got married and to a wife with a lot of student loans
12/31/2014: -$71,684 Still in grad school - more loans. Found MMM.
12/31/2015: -$68,111 Graduated and started working in June.
12/31/2016: -$61,128
Dec 2016--1.452955
Dec 2017--1.754752
Increase of 301797, almost all of it gains as I quit my soul sucking job in May, subsequently got badly injured and haven't been able to work since. Oh and our my leech of a FIL moved in with us.
So if any of you need an inspiration for doing this outside of early retirement, let me tell you, you never know what's going to happen that will prevent you from working, or for how long. I'm in my 30's and according to my surgeon, may be permanently disabled (crossing fingers the nerve heals and doesn't just shrivel and die).
I want to play!
31 Dec 2010: $85,203
31 Dec 2011: $106,303 (Δ $21,100)
31 Dec 2012: $144,111 (Δ $37,808)
31 Dec 2013: $212,510 (Δ $68,399)
31 Dec 2014: $264,836 (Δ $52,326)
31 Dec 2015: $299,579 (Δ $34,743)
31 Dec 2016: $371,611 (Δ $72,032)
Dec 2016--1.452955
Dec 2017--1.754752
Increase of 301797, almost all of it gains as I quit my soul sucking job in May, subsequently got badly injured and haven't been able to work since. Oh and our my leech of a FIL moved in with us.
So if any of you need an inspiration for doing this outside of early retirement, let me tell you, you never know what's going to happen that will prevent you from working, or for how long. I'm in my 30's and according to my surgeon, may be permanently disabled (crossing fingers the nerve heals and doesn't just shrivel and die).
Dec 2016--1.452955
Dec 2017--1.754752
Increase of 301797, almost all of it gains as I quit my soul sucking job in May, subsequently got badly injured and haven't been able to work since. Oh and our my leech of a FIL moved in with us.
So if any of you need an inspiration for doing this outside of early retirement, let me tell you, you never know what's going to happen that will prevent you from working, or for how long. I'm in my 30's and according to my surgeon, may be permanently disabled (crossing fingers the nerve heals and doesn't just shrivel and die).
I'm sorry to hear about what you're going through. My thoughts are with you, my wife is also dealing with weird neruologic issues after we got a life-threatening spinal issue resolved. injured it while working out at 34, life is really short.
Jan 1 2015 - 312KJan 1 2018 - 698K
Jan 1 2016 - 403K
Jan 1 2017 - 498K
Jan 1 2015 - 312KJan 1 2018 - 698K
Jan 1 2016 - 403K
Jan 1 2017 - 498K
wow...what a year.
Jan 1 2015 - 312KJan 1 2018 - 698K
Jan 1 2016 - 403K
Jan 1 2017 - 498K
wow...what a year.
Does indeed :)Jan 1 2015 - 312KJan 1 2018 - 698K
Jan 1 2016 - 403K
Jan 1 2017 - 498K
wow...what a year.
Looks like it's time for you to retire... ;-)
Dec 2013 - $699,658
Dec 2014 - $859,626
Dec 2015 - $958,149
Dec 2016 - $1,229,319
2013: -15k (25k of student loans/HECS)I found my old post on Page 2!
2014: +16k (still 23k of student loan/HECS lol)
1/1/17: ~$98,256
12/31/17: ~$157,542 (~60% increase)
My investment portfolio increased from $72,402 to $115,560 (also a ~60% increase).
1/1/17: ~$98,256
12/31/17: ~$157,542 (~60% increase)
My investment portfolio increased from $72,402 to $115,560 (also a ~60% increase).
Good work! At that rate you will hit $10MM in less than 9 years.
I was just cleaning out a drawer and found my W-2 from 2003, when I worked a part-time, low wage job. My investment returns in the last week or 2 were more than I made the entire year!
December 2013: $43,800
December 2014: $70,200
December 2015: $107,700
Goal for next year: $150,000 if we stretch for it.
December 2016: $153,950 Woohoo! We hit our stretch goal and then some! And it felt like we were spending well above our budget, but actually stayed a bit under once the year was done. Net worth went up 43% with a 46% savings rate (lower than the previous year) and a 10% increase in take-home pay, all due to my DH getting awesome, deserved raises. Goal of $200,000 by the end of 2017 with a stretch goal of $210,000.
I found MMM this year around January, but I lost some of my data when my computer died... so the first time I have saved is when I started my journal on here which was mid April.
15 April - 164900
31 December - 232200 (+67300) approximate increase over 7 and a half months
Best guess is around 75000 increase for the year! (This does not include the equity in my condo.)
I'm up about $42,000 for 2015. Wife is up about 30k. Pretty exciting since this was my first year of saving like a mustachian. However, I still have a negative networth.
2015 Breakdown:
$19,600 in 401k (includes employer contributions)
$5,350 in IRA (took losses)
$3,350 in HSA
$7,000 paid to brother for interest free car loan debt
$7,000 paid toward student loan principle (I paid extra before I refinanced with sofi) :(
1/1/2016 - (11,622)
12/11/2016 - 41,938
+$53,560, this feels nuts!
I little over 200k over the last 12 months.
Not quite as good this year at $180k. Saved more, but my investments didn't do nearly as well.
Up a ridiculous $660K this year, but a lot of that is inflated Zillow values. Investments were up $241K.
My NW went up $171,341 this year. And my main job only paid me ~$80K gross. My rental income mostly paid my mortgage, and I had $17K in side-gig income. Still. Jeepers.
Niiice.. Still quitting in 2018?
Yes--very definitely. No turning back now, even if I wanted to, as I signed paperwork for the Voluntary Separation Incentive Payout, which I will receive on 6/30/18. My last day of classes will be on April 19.....109 days from now. :)
Awesome..:)
2018 - $1,003,888. I an officially a millionaire. Can't believe it.
2018 - $1,003,888. I an officially a millionaire. Can't believe it.
Welcome to the Double Comma Club! :) Come join us in the Race from $1M to $2M (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$1m-to-$2m/) thread for your next million!
I thought the next level after two commas was three commas!
1/1/17: ~$98,256
12/31/17: ~$157,542 (~60% increase)
My investment portfolio increased from $72,402 to $115,560 (also a ~60% increase).
1/1/17: ~$98,256
12/31/17: ~$157,542 (~60% increase)
My investment portfolio increased from $72,402 to $115,560 (also a ~60% increase).
Well done!
I'll post my approximate #'s here including my estimated pension balance at the beginning of the year:
2015: $236,000 (included estimated house value but sold it mid-year)
2016: $338,000
2017: $474,000
Current: $515,000
Student loans are a bitch.
Before tracking I was way negative my wife and I with a load of student loans.
4/4/13 -$44k
12/27/13 -$18k
11/26/14 +$32k
Wow two years makes a difference. Paid off my remaining Student loan debt and Net worth is at ~$145K
Dec 2013 - $210KFeb 2018 - $643K
Dec 2014 - $327K
Dec 2015 - $422K
Dec 2016 - $523K
I just looked back to my increases. I was late to using Mint so I don't have data past 2012.
I started out in April 2012 with a NW of -$123026. This was mostly my mortgage of over $200K.
January 2013: -$52,635 (yes, negative number)
January 2014: $58,106
January 2015: $62,197
January 2016: $166,307
January 2017: $554,313
The huge leap here was two-fold. Eliminating a $180K mortgage AND depositing the $42K profit from selling the house, so basically a $220K bump in NW.
January 2018: $905,233
As of right now
March 2018: $935,830
I have no idea where the market is heading, so I'm hesitant to make a NW goal. But I will set a few goals for things which I actually do have some control over....
I just looked back to my increases. I was late to using Mint so I don't have data past 2012.
I started out in April 2012 with a NW of -$123026. This was mostly my mortgage of over $200K.
January 2013: -$52,635 (yes, negative number)
January 2014: $58,106
January 2015: $62,197
January 2016: $166,307
January 2017: $554,313
The huge leap here was two-fold. Eliminating a $180K mortgage AND depositing the $42K profit from selling the house, so basically a $220K bump in NW.
January 2018: $905,233
As of right now
March 2018: $935,830
It was 2015 when I started to really get my fiscal house in order, so my numbers are nowhere near as impressive as those before me, but....
Started the year with a negative net worth of roughly $3700.
Ended the year with a positive net worth of roughly $35,000.
Net gain of about $38,700.
Heading in the right direction!
you probably have to add a few zeros Sol. reasonable way to hide the true amount.
At 2.5 million dollars are you sure you're not ready to retire ?
Coming back to the forums after nearly two years away...
January 1, 2017: 511K
December 31, 2017: 665K (+154K)
About 120K was saved/invested, the rest was gains/increase in home equity. Unfortunately I am not on pace to be anywhere near that this year.
Yeah. I don't try to time the market, but I do feel like we have to be coming to an end of this bull market soon (at least in the US), so I'm trying to further temper my expectations.Coming back to the forums after nearly two years away...
January 1, 2017: 511K
December 31, 2017: 665K (+154K)
About 120K was saved/invested, the rest was gains/increase in home equity. Unfortunately I am not on pace to be anywhere near that this year.
Me too. This year is not as good as the preceding ones. Call it reversion to the mean if you will.
Still on track for a 6 figure increase, but 3 years in a row of ~$180k gains have resulted in my expectations being too high.
at our ages (me 38, her 34) i am not ready to leave a good/great job until we have over $3M in invested assets.
*clears throat* Ahem. Topic title updated to 2018.
These years seem to be ticking over faster and faster :/
This year has been pretty ordinary for me. Can't complain, still up, but nothing like the last 5 years. End of the Sydney property boom and a falling stockmarket will do that.
No drama, in 20 years time it'll all be noise.
12/16 $1.31
12/17 $1.49
12/18 $1.59 college and cancer combined with selling a house, a fancypants Tesla M3, and meh stick returns. YOLO is strong in the face of your own mortality. I’m on a “smoke break” from work through 3/1/19. Progress stalled this year for sure.
12/16 $1.31
12/17 $1.49
12/18 $1.59 college and cancer combined with selling a house, a fancypants Tesla M3, and meh stick returns. YOLO is strong in the face of your own mortality. I’m on a “smoke break” from work through 3/1/19. Progress stalled this year for sure.
Do you really mean that your net worth has only gone up less than 5 dollars in three years?
Lol! I want my two dollars! That’s what I need for FIRE.12/16 $1.31
12/17 $1.49
12/18 $1.59 college and cancer combined with selling a house, a fancypants Tesla M3, and meh stick returns. YOLO is strong in the face of your own mortality. I’m on a “smoke break” from work through 3/1/19. Progress stalled this year for sure.
Do you really mean that your net worth has only gone up less than 5 dollars in three years?
Yes, exactly. Those Tesla’s really cut into savings.
December 1, 2015 - NW $178k
December 1, 2016 - NW $247k (increase - $69k)
December 1, 2017 - NW $323k (increase - $76k)
December 1, 2018 - NW $391k (increase - $68k)
Slacked off a bit this year.... but I downshifted a bit on the job front, going from FT job + freelance work to just a PT job + freelance work, and I'm SO much happier now. Hitting FIRE is no longer my number one goal in life.
Also, the market wasn't amazing like in previous years, so I guess I shouldn't expect the same increase we've had in previous years.
Overall, I'm not completely thrilled, but I'll take it!
December 1, 2015 - NW $178k
December 1, 2016 - NW $247k (increase - $69k)
December 1, 2017 - NW $323k (increase - $76k)
December 1, 2018 - NW $391k (increase - $68k)
Slacked off a bit this year.... but I downshifted a bit on the job front, going from FT job + freelance work to just a PT job + freelance work, and I'm SO much happier now. Hitting FIRE is no longer my number one goal in life.
Also, the market wasn't amazing like in previous years, so I guess I shouldn't expect the same increase we've had in previous years.
Overall, I'm not completely thrilled, but I'll take it!
@startingsmall , just for perspective, in a non-amazing year your net worth has gone up more that most families in the USA make in gross income for the year.
I think that's pretty darn amazing!
September 2015: -30K
End of November 2016: 0.
Never been so happy to be worthless.
01/12/17: 33K. (This surprised me. From September to November of this year, I had ~4000 in unexpected expenses arise. I still managed to go from saving 2K/month from 01/09/15 -> 01/12/16 to 2.75K/month from 01/12/16 -> 01/12/17. Student loan should be finished in a few months.)
Always enjoy seeing this thread pop up, and cannot resist checking. Again, not net worth, but the bulk of our retirement savings at Vanguard.
$51,225.09 12/31/05
$80,038.12 12/31/06
$106,744.13 12/31/07
$103,123.87 12/31/08
$162,172.69 12/31/09
$218,666.31 12/31/10
$249,987.31 12/31/11
$320,336.60 12/31/12
$435,649.50 12/31/13
$518,275.26 12/31/14
$593,962.10 12/31/15
$746,482.89 12/31/16
$979,476.57 12/31/17
$1,148,530 12/04/18
I'll update after 12/31/18... I am curious to see if it is higher or lower with the latest volatility. It is definitely down from the highest point of the year.
NW increase in 2018:
2017 NW Change: +$130k
Dec 31 2017: -$160k
Dec 31 2018 (approx): $4k
2018 NW change: $164k
Woot!
NW increase in 2018:
2017 NW Change: +$130k
Dec 31 2017: -$160k
Dec 31 2018 (approx): $4k
2018 NW change: $164k
Woot!
That’s seriously amazing
NW increase in 2018:
2017 NW Change: +$130k
Dec 31 2017: -$160k
Dec 31 2018 (approx): $4k
2018 NW change: $164k
Woot!
That’s seriously amazing
High paying job + raises + steady moderate spending works quite nicely. It's mostly the high paying job though....I'd have to spend silly amounts of money to not save a lot.
I found MMM in late 2012 and started tracking things seriously in Mint soon after.
Jan 2013: ~250k
Oct 2017: ~720k
Dec 2015 $x
Dec 2016 $2.23x
Dec 2017 $2.81x
2017: $3009k +336k (married, had a kid, quit work in October)
2016: $2672k +989k (+600k from trauma insurance, a bit of a net downer)
2015: $1683k +287k
2014: $1396k
2013: $1152k
2012: $885k
2011 $649k
2010: $615k
2009: $183k
2008: $54k
2007: $48k
2006: $11k (Personal finance awakening)
Run rate over the last couple of years seems to have stabilized around $240k/year, about 50/50 saving and investment return.
Pretty amazing how fast it snowballs! I'm interested to see what happens in 2018, as this will be the first year with no active income
I started tracking net worth late in 2013. I'll list my beginning and ending NW for each year starting with 2014:
Year Starting Ending Change % Change
2014 $70,000 $125,000 $55,000 79%
2015 $125,000 $133,000 $8,000 6%
2016 $133,000 $171,000 $38,000 29%
2017 $171,000 $231,000 $60,000 35%
So 2017 is my best year so far in gross dollars, but it doesn't compare to 2014 as far as percent change. I had significant headwinds this year, as I pulled a bunch of money out of the market in January to buy a house (great timing, eh?) and I also started a new job and am not eligible for the 401k until I have a year under my belt (I will be eligible starting January 2018). So, 2018 should be a better year as far as retirement contributions go, but I don't expect it to match 2017 with regard to investment returns.
December '12 - $161,110
December '13 - $225,147 ($64,037, 40%)
December '14 - $261,912 ($36,765, 16%)
December '15 - $272,926 ($11,014, 4%, ouch)
December '16 - $371,957 ($99,031, 36%)
December '17 - $528,534 ($156,577, 42%)
December '12 doesn't have home equity and we sold the house and rented in '13, so that's where that jump came from. For '16 and '17 I've included very conservative estimates of home equity.
NW increased by $28K. Finally paid off student loans, now in the build-wealth phase.
Thanks! Yep, I wanted them GONE. It was about $2k/mo for 3 years, and I’m glad it’s finally over! I’m hoping that this next phase with investing goes a little faster now for net worth building. The last three years was a total slog.NW increased by $28K. Finally paid off student loans, now in the build-wealth phase.
Congrats on the student loan payoff (at 28?!)! I just paid mine off this year as well -- after 20+ years of paying them!
Wow, almost everyone's NW seems to be going up this year despite the market stepping back a bit. I'm guessing this is largely a combination of: early in the accumulation phase so the market drops don't hurt as much, very high paying jobs/high savings, and including home equity in NW.
We're down around $5,000 NW* since Jan 1. That's after contributing ~$50k to to our retirement accounts and reducing our mortgage principal by ~$30k. So +/- $85k market losses year to date.
*Not including home equity
Wow, almost everyone's NW seems to be going up this year despite the market stepping back a bit. I'm guessing this is largely a combination of: early in the accumulation phase so the market drops don't hurt as much, very high paying jobs/high savings, and including home equity in NW.
We're down around $5,000 NW* since Jan 1. That's after contributing ~$50k to to our retirement accounts and reducing our mortgage principal by ~$30k. So +/- $85k market losses year to date.
*Not including home equity
Always enjoy seeing this thread pop up, and cannot resist checking. Again, not net worth, but the bulk of our retirement savings at Vanguard.
$51,225.09 12/31/05
$80,038.12 12/31/06
$106,744.13 12/31/07
$103,123.87 12/31/08
$162,172.69 12/31/09
$218,666.31 12/31/10
$249,987.31 12/31/11
$320,336.60 12/31/12
$435,649.50 12/31/13
$518,275.26 12/31/14
$593,962.10 12/31/15
$746,482.89 12/31/16
$979,476.57 12/31/17
$1,148,530 12/04/18
I'll update after 12/31/18... I am curious to see if it is higher or lower with the latest volatility. It is definitely down from the highest point of the year.
Those are awesome numbers especially when you look at your gains through the years of 08',09 etc..
Congrats! I still have some student loans but they are at 2% so I haven't paid them off (and even though I could write a check for them, I don't intend to unless I can't make more $ elsewhere). But not having that debt has to feel good.Thanks! Yep, I wanted them GONE. It was about $2k/mo for 3 years, and I’m glad it’s finally over! I’m hoping that this next phase with investing goes a little faster now for net worth building. The last three years was a total slog.NW increased by $28K. Finally paid off student loans, now in the build-wealth phase.
Congrats on the student loan payoff (at 28?!)! I just paid mine off this year as well -- after 20+ years of paying them!
I think that's part of the utility of a thread like this one. It makes "easy come, easy go" a little easier to accept. We probably can't complain about a horrendous 20% market crash when everyone has doubled their money in three years.
A 10% drop would technically count as a "correction" but that would only set us all back about twelve weeks. That's chump change. I wouldn't even blink.
Wow, almost everyone's NW seems to be going up this year despite the market stepping back a bit. I'm guessing this is largely a combination of: early in the accumulation phase so the market drops don't hurt as much, very high paying jobs/high savings, and including home equity in NW.
There is one other major wealth category that many have- investment real estate.
I'm up about $42,000 for 2015. Wife is up about 30k. Pretty exciting since this was my first year of saving like a mustachian. However, I still have a negative networth.
2015 Breakdown:
$19,600 in 401k (includes employer contributions)
$5,350 in IRA (took losses)
$3,350 in HSA
$7,000 paid to brother for interest free car loan debt
$7,000 paid toward student loan principle (I paid extra before I refinanced with sofi) :(
1/1/2016 - (11,622)
12/11/2016 - 41,938
+$53,560, this feels nuts!
Jan. 1, 2017 - $43,708
Jan. 1, 2018 - $113,000
+$69,292 in 2017. I took a pay cut in late 2016 and went to a single-income household due to a +1 to our family so I'm stoked about the gains.
Hilarious quote from a poster named sol from a year ago:I think that's part of the utility of a thread like this one. It makes "easy come, easy go" a little easier to accept. We probably can't complain about a horrendous 20% market crash when everyone has doubled their money in three years.
A 10% drop would technically count as a "correction" but that would only set us all back about twelve weeks. That's chump change. I wouldn't even blink.
That guy was clearly wrong, because lots of people are not only complaining about a drop of less than 20%, they're actually suggesting we should all sell as a result. No! You're doing it backwards!
This post has been a public service announcement directed at those market timers on the forum. The current market drops are the natural consequence of the amazing recent market surges. I'm still not blinking.
Congrats to all those who numbers are up in a down market. Though being fire'd and have really no income stream other than my DW's small income I am happy that I am slightly ahead of almost 4 years after my withdrawals of closer to 5% after the market drop. So i cant report any increase but so far sustainability is not to shabby.Not exactly up, but I’ll take it:
As previously discussed (https://forum.mrmoneymustache.com/welcome-to-the-forum/'one-more-year'-strikes-the-rich-the-hardest/), I still plan to give away at least half of my salary for every paycheck I receive past my target date. The other half will go towards special spending projects, like replacing the siding on my house before we have any structural damage, to try to minimize future unexpected irregular expenses. The recent spike in asset values has me a little worried about a coming crash, but it has spiked so far by now that even a moderate recession would leave us in reasonably good shape.
I have to math early this year because I'll be away from computers for the next week, so I'm checking in a few days ahead of schedule.
Reviewing my previous posts in this thread, it looks like
At the end of 2014 we were at 61% of our target retirement amount.
At the end of 2015 we were at 71%.
At the end of 2016 we were at 86%.
At the end of 2017 we were at 107%.
Then I retired in August, when we were at 117% of our target. Then the market crashed, and now at the end of 2018 we are back down to 108% of our target. At no point since 2013 have I deliberately altered my asset allocation, which means I rode the wave up long after I thought it would crash, and then this year I rode the wave back down a bit.
To be fair, all of those quoted values are liquid assets only, not counting equity in real estate. Our RE equity has been rising along with everything else, and is now approximately twice what we would need to pay off our primary mortgage.As previously discussed (https://forum.mrmoneymustache.com/welcome-to-the-forum/'one-more-year'-strikes-the-rich-the-hardest/), I still plan to give away at least half of my salary for every paycheck I receive past my target date. The other half will go towards special spending projects, like replacing the siding on my house before we have any structural damage, to try to minimize future unexpected irregular expenses. The recent spike in asset values has me a little worried about a coming crash, but it has spiked so far by now that even a moderate recession would leave us in reasonably good shape.
As predicted, I gave away half of my earnings for the year. Also as predicted, we're in reasonably good financial shape even after the recent market turmoil. We're another year closer to death, which means my funds have to last for a shorter period of time. Our net worth climbed by a six figure amount this year even after everything that happened, meaning we have more funds available to cover that shorter period of time than we had last year at this time.
So far, no regrets. Retirement is awesome. Our finances are sound.
Financial goals: a paid off house + $1.3M stash to support a conservative 3% withdrawal rate via ~75% savings rate, 90/10 asset allocation.
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.
12/20/16: about $1,150,000 (excluding house)End 2013: about $822000
End 2014: about $1015000
Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total (the value of which is not going to change drastically).
I was pleasantly surprised with the net change for 2014!
12/6/16: about $1,125,000 (excluding house)
FIREd 7/2/15
12/30/17: about $1,333,000 (excluding house)
Using the actual numbers - up about $184K in 2017.
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.
5.74 percent gain in NW YTD. Not great but since it is roughly 3 years of expenses I am not complaining.
19% Y on Y gain for 2016. I FIRED on Nov 01 with a package so that accounts for part of the gain but it is still happy dance time!
9% Y on Y TNW gain for 2017 (YTD). Investment accounts were up 17%. Cash reserves and real estate lowered the total gain for the year.
2017 $2523k
2018 $2524k
About a $1,300 gain in NW for the year, but that includes a $37k windfall we can't take any credit for. It also includes about $16k in renovation costs on rental #4. We'll get about a $35k bump up in NW by the end of Jan 2019 when rental #4 is ready to rent.
We fired in May 2018.
Income wise for 2019, we'll have to draw down up to $10k from our savings for our budgeted living expenses, or less than 1%. By end of 2020 we should have that gap closed so that we don't have to draw down our savings for a regular year with regular expenses.
2017 $2523k
2018 $2524k
About a $1,300 gain in NW for the year, but that includes a $37k windfall we can't take any credit for. It also includes about $16k in renovation costs on rental #4. We'll get about a $35k bump up in NW by the end of Jan 2019 when rental #4 is ready to rent.
We fired in May 2018.
Income wise for 2019, we'll have to draw down up to $10k from our savings for our budgeted living expenses, or less than 1%. By end of 2020 we should have that gap closed so that we don't have to draw down our savings for a regular year with regular expenses.
What feeds your day to day expenses?
My turn:2012 - $295k
2013 - $419k
2014 - $534k
2015 - $713k
2016 - $898k
Out of this, only $210k would be considered net investments (taking out house equity and super). So therein lies the "problem" I have... not enough liquid, cash flow generating investments.
Something to solve in 2017.
Good onya Marty!
Why aren't you at a party either?
Our household net worth:
Dec 2014 $150k
Dec 2015 $195k
Dec 2016 $256k
Dec 2017 $283k
Dec 2018 $320k
Our household net worth:
Dec 2014 $150k
Dec 2015 $195k
Dec 2016 $256k
Dec 2017 $283k
Dec 2018 $320k
Dec 2013 - $699,658
Dec 2014 - $859,626
Dec 2015 - $958,149
Dec 2016 - $1,229,319
Dec 2017 - $1,617,661
Turns out we had a pretty good year despite the massive money-letting that was the renovations to our new-to-us old house. This is our first home so we went from NW compromised of purely investments and cash to that plus home equity.
Our NW as of December 31, 2015 was $333,176.15 and current NW including home equity is $427,947.20 (+$94,771.05). This is impressive considering we spent just shy of $45k in closing costs and home improvements this year.
2016 NW breakdown
Cash and investments: $370,799.22
Home equity (purchase price - mortgage balance): $46,619.89
Cars (2): $10,528.09
Total: $427,947.20
Good news for 2017
- Annual husehold income has increased from $170,600 to $183,570 (+$12,970) due to my husband's recent promotion plus year-end increases for both of us. This doesn't include any bonus income we may see this year. Woo hoo!
- As of May 2016 my husband and I work in the same location and carpool to work most days. I'm looking forward to greatly reduced car usage and gas consumption now that we only have one home.
- All of the major renovation work in the house is finished, so we can get back to dumping serious cash into investments! We just have some small stuff left now...lawnmower, some paint, garden supplies, etc.
- We have no big spendy plans for 2017. We're talking about keeping our travel local and hosting my in-laws instead of traveling internationally to see them.
2017 NW Goal
Hit $500k NW (cash, investments, home equity) by my husband's 30th birthday in August, with a stretch goal of $550k by this time next year. --> We exceeded this goal massively, thanks to a crazy year in the market!
Well, final numbers are in and it's been a hell of a year! Current NW including home equity is $628,029.19, which represents an increase of +$200,082 (!!) over our Dec 2016 NW of $427,947.20. This is higher than our combined salaries for the year!
Good news for 2018
- Annual household income has increased from $183,570 to approx. $190,640 (+$7,070) due to year-end increases for both of us. This doesn't include any bonus income we may see this year.
- Much of our 2018 travel was paid for already in 2017 (big trip to visit in-laws planned for Feb 2018, personal trip to Iceland for May 2018). Hopefully we can curb our travel spending a bit this year, as it's consistently about 15-20% of what we spend annually. This is ok, as it aligns with our priorities, but it's still a huge pile of money.
2018 Goals
I have no idea where the market is heading, so I'm hesitant to make a NW goal. But I will set a few goals for things which I actually do have some control over....
- Reduce household spending below what we spent in 2017 ($50,347.57) & continue to plow the rest into investments. Spending goal: sub $4k / month or $48k / year. My husband's car loan is finished in June, so this should free up some cash, and there's always room for additional optimization in other areas as well.
- Personal sub-goal, inspired by Mrs. Frugalwoods: No clothing shopping for me in 2018. I don't have a clothing "problem" per-se, just want to re-program myself and really think hard about all of my purchases and make sure they align with my priorities.
12/31/2018: -$202 So close!12/31/2011: $18,71912/31/2017: -$30,801 2018 could be the year we get back to black
12/31/2012: $23,793 Income: 20k/yr.
12/31/2013: -$57,156 Started grad school financed by loans and got married and to a wife with a lot of student loans
12/31/2014: -$71,684 Still in grad school - more loans. Found MMM.
12/31/2015: -$68,111 Graduated and started working in June.
12/31/2016: -$61,128
I want to play!
31 Dec 2010: $85,203
31 Dec 2011: $106,303 (Δ $21,100)
31 Dec 2012: $144,111 (Δ $37,808)
31 Dec 2013: $212,510 (Δ $68,399)
31 Dec 2014: $264,836 (Δ $52,326)
31 Dec 2015: $299,579 (Δ $34,743)
31 Dec 2016: $371,611 (Δ $72,032)
31 Dec 2017: $496,452 (Δ $124,841)
1/1/15- $0
11/20/15- $29,800
We haven't been tracking long, but January marked $0 net worth, which is a convenient starting point. (We didn't combine finances fully until this year, so before that, numbers are unclear).
Approximate 2016 end of year numbers! Needless to say.... a big jump this year. +$78,517 in 2016. Combined earnings will probably come out to ~$105k for the year. Combination of market gains, home purchase that worked out nicely (immediately valued higher than we paid), and a generous gift from my grandmother to help pay some student loans.
12/18/2016: $108,317
11/20/15: $29,800
1/1/15: $0
(2014, -$20k, although that's pretty much a total guess)
(2014, -$20k, although that's pretty much a total guess)
1/1/15: $0
11/20/15: $29,800
12/18/2016: $108,317
12/2/2017: $179,061
+$70,744 in 2017. Not *quite* as big a jump as last year, but considering crazy high vet and medical spending (over $11k), and me not working at all for ~4 months of it (and part time most of when I was working), that's pretty damn good! Earnings will probably be right around the same as last year, somewhere around $110k total for the two of us.
ETA: better than I expected, because I realized I dropped car value off my net worth tracking this year. So it may have been a +$90k! I would have to sit down with all the numbers to double check, but I'm pretty sure that's right.
2013 - $10,000? (records aren't great back then)
2014 - $49,193
2015 - $101,290
2016 - $179,734
2017 - $287,830
Grand total difference from Jan 1, 2018 to Jan 1, 2019 = -24,190.@MrDelane ,
I guess I'm doing this wrong.
You're right - and thanks for the reminder.Grand total difference from Jan 1, 2018 to Jan 1, 2019 = -24,190.@MrDelane ,
I guess I'm doing this wrong.
Not necessarily! At a certain point ups or downs in the market will dwarf any contributions you are making.
You're right - and thanks for the reminder.Grand total difference from Jan 1, 2018 to Jan 1, 2019 = -24,190.@MrDelane ,
I guess I'm doing this wrong.
Not necessarily! At a certain point ups or downs in the market will dwarf any contributions you are making.
I probably should have added a smiley, I was halfway joking.
We're down around $5,000 NW* since Jan 1. That's after contributing ~$50k to to our retirement accounts and reducing our mortgage principal by ~$30k. So +/- $85k market losses year to date.
It's January 1 so I did the calculations today of course. There are still some estimates since not everything is easily available electronically so I have to wait for some paper statements (fixing this is a goal for 2015).
Net worth increased about $151K, a mind-blowing number to me. This includes home equity which is a bit less than half of our total NW.
Another goal for 2015 is to do a better job of tracking how much gain or loss is due to the markets and how much is due to contributions. Right now I estimate that the $151K increase is about $101K contributions and $50K market related.
Fun to see that I had posted in this thread almost two years ago. I reported that in 2014 our NW had gone up $151K ($CAD, but still nice). I revised 2014 due to a better real estate valuation, so it looks like this:
2014: $174K increase in NW
2015: $213K increase
2016: estimating a $239K increase
I apologize for linking to this again, but it seems relevant for this thread. I had posted back in 2014 that I wanted to better understand where our changes in NW had actually come from, so I finally worked it out:
<nice chart showing what contributed to our net worth gains each year - real estate appreciation was a big factor>
Not expecting those real estate gains to continue...
* Dec 2014 - 12% of target stash
* Dec 2015 - 15% of target stash
* Dec 2016 - 25% of target stash
We found MMM in summer 2016, so the "stash" concept did not exist for us in 2014 or 2015, hence the lackluster improvement from 2014 to 2015. With just a half year of deliberate savings in 2016, we are now 1/4 of the way to our goal. I'm hoping 2017 will be a big year for us, with a full year of MMM mindset under our belts.
And a big year it was. We managed to pull off a 63% savings rate this year. Huzzah.
* Dec 2017 - 42% of target stash
Grand total difference from Jan 1, 2018 to Jan 1, 2019 = -24,190.@MrDelane ,
I guess I'm doing this wrong.
Not necessarily! At a certain point ups or downs in the market will dwarf any contributions you are making.
With a 6-figure income and a 50% savings rate, I somehow managed to come out -- ready? -- $8800 ahead for 2018. No, we're not doing it wrong. Sometimes you have a sucky year.
I found MMM this year around January, but I lost some of my data when my computer died... so the first time I have saved is when I started my journal on here which was mid April.
15 April - 164900
31 December - 232200 (+67300) approximate increase over 7 and a half months
Best guess is around 75000 increase for the year! (This does not include the equity in my condo.)
So I got my actual end of year numbers, and I managed to figure out how to look into my non-mustachian past and here is what I found:
January 2015 80500 (Late 2015 I bought my condo with 30k down, no condo worth is included so that disappeared)
January 2016 112500 +32000
January 2017 142500 +30000 (I found MMM in January 2017 while on another deployment)
January 2018 232000 +89500 (End of first year with MMM, was promoted on January 1st 2017 to a higher paygrade which helped)
My actual gain for the year was MUCH higher than I thought. I can't wait to see what happens this next year!
Ok, it's time to change the title.
Ok, it's time to change the title.
Or start a new thread?
Please start a new thread. I won't be offended...
Please start a new thread. I won't be offended...
Are you filibustering your own thread?
Please start a new thread. I won't be offended...
Are you filibustering your own thread?
Maybe just bumping it?
Regardless like I said in previous years a few pages back, I don't want to have to edit the thread title forever!
Someone should just make a public Google sheet and let people input their figures along with comments, then graph it all up.
Please start a new thread. I won't be offended...
Are you filibustering your own thread?
Maybe just bumping it?
Regardless like I said in previous years a few pages back, I don't want to have to edit the thread title forever!
Call it something like "Year-over-year net worth increase" then you don't have to change it each year.
Please start a new thread. I won't be offended...
Are you filibustering your own thread?
Maybe just bumping it?
Regardless like I said in previous years a few pages back, I don't want to have to edit the thread title forever!
Call it something like "Year-over-year net worth increase" then you don't have to change it each year.
My suggestion many pages back was "Net worth increase this year (i.e. the 'present' you give yourself)" but no reply or change. Such an easy solution.
Coming back to the forums after nearly two years away...December 31, 2018: 769K (+104K). Pretty brutal since I invested more than that and paid down about 8K of principal on my place. Oh well.
January 1, 2017: 511K
December 31, 2017: 665K (+154K)
About 120K was saved/invested, the rest was gains/increase in home equity. Unfortunately I am not on pace to be anywhere near that this year.
February 2018 (when I started keeping track): -$88,863.22 ($98,064.52 in debts, $9201.3 in assets).
January 1st, 2019: -$78,157.63 ($91,645.14 in debts, $13,487.51 in assets).
Increase of $10,705.59, or 12%.
I can (and will) do so much better in 2019. Still, I celebrate this as my first baby steps in figuring out what the heck I'm doing. At least I threw every bonus, extra paycheck, birthday money, etc at my student loans. Now I'm lowering my spending as well, which will accelerate everything.
2017: $2.1M
2018: 2.3M (peak was $2.6M in Sep)
~$250K increase. Like most, I got smashed at the end of the year to the tune of -$300K even with a sizeable chunk in bonds and private equities. Time to buy more!
Dec 2014: $554December 2018: $208K.
Dec 2015: $32.2K
Dec 2016: $100.7K
Dec 2017: $149.6K
Somehow I managed to make more and save less in 2017. Hoping to reverse that savings trend in 2018.
Dec. '13: $96,000
Dec. '14: $110,000
Dec. '15: $160,000
Dec. '16: $262,000
Dec. '17: $376,000
Dec. '18: $490,000
Big goal for 2018 was $500k which we actually hit on August 31st which is great! Dropped back below at the end but we've since crossed over $500k again. Most of the assets are in shares + (5) rental properties. Lot of changes in 2019 as we'll be relocating back to U.S. after being expats past few years. Excited for 2019 and wish everyone a profitable year!
December 1, 2015 - NW $178k
December 1, 2016 - NW $247k (increase - $69k)
December 1, 2017 - NW $323k (increase - $76k)
December 1, 2018 - NW $391k (increase - $68k)
Slacked off a bit this year.... but I downshifted a bit on the job front, going from FT job + freelance work to just a PT job + freelance work, and I'm SO much happier now. Hitting FIRE is no longer my number one goal in life.
Also, the market wasn't amazing like in previous years, so I guess I shouldn't expect the same increase we've had in previous years.
Overall, I'm not completely thrilled, but I'll take it!
12/16 $1.3112/19 $1.79 still smoke breaking. Bought a new house, paid cash for college again, took lots more YOLO trips, and was surprised things actually went up with the net worth. Thank you markets. I am a bit listless with the SAHM routine. I may go back to work in March or April. Or not...
12/17 $1.49
12/18 $1.59 college and cancer combined with selling a house, a fancypants Tesla M3, and meh stock returns. YOLO is strong in the face of your own mortality. I’m on a “smoke break” from work through 3/1/19. Progress stalled this year for sure.
*clears throat* Ahem. Topic title updated to 2018.
These years seem to be ticking over faster and faster :/
This year has been pretty ordinary for me. Can't complain, still up, but nothing like the last 5 years. End of the Sydney property boom and a falling stockmarket will do that.
No drama, in 20 years time it'll all be noise.
12/19/19: about 1,600,000* - UP about $340K* (amplified by the dip at the end of 2018)1/2/19: about 1,260,000 - DOWN about $73K in 201812/20/16: about $1,150,000 (excluding house)End 2013: about $822000
End 2014: about $1015000
Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total (the value of which is not going to change drastically)
12/6/16: about $1,125,000 (excluding house)
FIREd 7/2/2015
12/30/17: about $1,333,000 (excluding house)
Using the actual numbers - up about $184K in 2017.
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.
Hola mujeres y hombres, Marty998 is taking an unbelievably unmustachian holiday around the Galapogas and Peru. It may have put a small ding in my NW, but this is what a NW is for after all.
Topic thread title updated.
I just checked my numbers and was gobsmacked to find myself 20% up on this time last year. Given I FIRE'd in late 2018 and was expecting to be burning through some capital that feels really weird.
Dec 2014 - $1,351,000
Dec 2015 - $1,340,000
Dec 2016 - $1,443,000
Dec 2017 - $1,638,000
Dec 2018 - $1,695,000
Dec 2019 - $1,945,000
December 2013: $43,800
December 2014: $70,200
December 2015: $107,700
December 2016: $153,950
December 2017: $219,525
My net worth increased by 106k, which is more than my household income for the year. (Started at 339 and currently about 445). I haven't done the exact numbers yet but we spent approximately 40k and saved about 50k.
Hola mujeres y hombres, Marty998 is taking an unbelievably unmustachian holiday around the Galapogas and Peru. It may have put a small ding in my NW, but this is what a NW is for after all.Have a great time Marty998! The Galapagos are on my bucket list (although if I never get there it won't matter too much) - so I'm jealous!.
Topic thread title updated.
1/1/2017 : $649k
1/1/2018 : $857k
1/1/2019 : $787k
Quit work at the end of January. My expenses for the first year of retirement have been right around what I expected. Even with the market decline, everything is good.
We're up by over $150k this year!!! Mind-blowing. Just a few days ago passed $500k investments. Also hit $1 million NW this year. Truly grateful for MMM and this community being the catalyst. As we all know, these behaviors aren't discussed in polite company, plus stealth wealth is important especially as you go higher in NW or work in a field where people are subsisting on much less (some while racking up debt/leasing new cars/clubbing). People can be jealous bitches and you will lose some friendships if your success is obvious (or even if not but you just seem suspiciously content).
While it hasn't been easy, I first fixed my mindset. Then I accidentally landed the highest-paying gig of my life after DECADES of subsistence on low income self-employment. IMHO, MMM's emphasis on getting a better-paying job is critical. Like high savings rates, it's one of those things that people think is impossible for them to achieve. It's not. The money is out there, at least for now in a good global economy. I don't deceive myself that it's all about me -- I've been through recessions and know the experience of calling every client I have and learning they no longer have budget and have laid everyone off. I've also worked a ton of manual labor. This is a good economy. Enjoy this motherfucker!
Low expenses + no debt + high savings rate + high income + stock market = FI!
My net worth
2013 -$33,600 owed (student loans)
2014 -$21,000 owed
2015 -$2,242 owed - so close to free!!!!
2016 = + $5000 net worth. Finally made it into the positives!
2017 = + $35000 net worth! (+retirement account of $90k = total NW of $125,000)
2018 = $82k net worth (+ $110k retirement, Total NW $192k). Increase of $67k!
Picked up a second job this year, and was able to smash my goals! Hoping to do the same next year.
Goal for 2019 = hit a quarter of a million, by adding $60,000 to my net worth.
Hola mujeres y hombres, Marty998 is taking an unbelievably unmustachian holiday around the Galapogas and Peru. It may have put a small ding in my NW, but this is what a NW is for after all.Have a great time Marty998! The Galapagos are on my bucket list (although if I never get there it won't matter too much) - so I'm jealous!.
Topic thread title updated.
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.
Up $171K for the year, but we've been lazy. Only finished renovating one house this year and have been sluggish on the other.
We'll get a bump next year when we finish renovating one house and sell it, but we'll get a smaller drop when we finish renovating another house and give it away to charity.
I'm happy with where we are. FIRED and wealthy. :)
Dec 31, 2012 -($33,302)
Dec 31, 2013 -($20,162) +13,140
Dec 31, 2014 $2,833 +22,995
Dec 31, 2015 $13,330 +10,497
Dec 31, 2016 $75,494 +62,164 **
Dec 31, 2017 $106,827 +31,333
Dec 31, 2018 $125,811 +18,984
Dec 31, 2019 $221,500 +95,689 **
Bit slower then many on here; but started late and in BIG HOLE of debt. We've made it through the "daycare years" with both our kids and re-fied our consumer debt into a more manageable longer term lower rate second mortgage. Also crossed into 6 figures invested this year and they say the first $100K is the hardest. So I am pretty confident and optimistic for the next decade :)
** years in which I updated and bumped up our home value, in reality it was more linear/averaged out over the other years as well.
2011 $-45k
2012 $-43k
2013 $-35k
2014 $-35k
2015 $-11k
2016 $6k
2017 $9k
2018 $31k
2019 $62k
Lots of ups and downs but I'm making progress. Would be nice to break through $100k in investments 2020 (currently $73k). Student loans 2001-2016, two new cars in 2014 and 2016. 2014 was the first year I earned more than $50k/yr. 2017 I had $8k in medical debt. I've learned valuable life lessons over the years.
Dec 31, 2012 -($33,302)
Dec 31, 2013 -($20,162) +13,140
Dec 31, 2014 $2,833 +22,995
Dec 31, 2015 $13,330 +10,497
Dec 31, 2016 $75,494 +62,164 **
Dec 31, 2017 $106,827 +31,333
Dec 31, 2018 $125,811 +18,984
Dec 31, 2019 $221,500 +95,689 **
Bit slower then many on here; but started late and in BIG HOLE of debt. We've made it through the "daycare years" with both our kids and re-fied our consumer debt into a more manageable longer term lower rate second mortgage. Also crossed into 6 figures invested this year and they say the first $100K is the hardest. So I am pretty confident and optimistic for the next decade :)
** years in which I updated and bumped up our home value, in reality it was more linear/averaged out over the other years as well.
Wow, almost a 100k this year alone? That's really impressive my friend.
Well done.
I'm up about $42,000 for 2015. Wife is up about 30k. Pretty exciting since this was my first year of saving like a mustachian. However, I still have a negative networth.
2015 Breakdown:
$19,600 in 401k (includes employer contributions)
$5,350 in IRA (took losses)
$3,350 in HSA
$7,000 paid to brother for interest free car loan debt
$7,000 paid toward student loan principle (I paid extra before I refinanced with sofi) :(
1/1/2016 - (11,622)
12/11/2016 - 41,938
+$53,560, this feels nuts!
Jan. 1, 2017 - $43,708
Jan. 1, 2018 - $113,000
+$69,292 in 2017. I took a pay cut in late 2016 and went to a single-income household due to a +1 to our family so I'm stoked about the gains.
Looks like I'll be down significantly this year but its all good. Right now I'm at $93k. This doesn't include our house which is paid off. Three reasons for the loses: 1) I lost a cool $40k in cryptocurrency this year (I bought $3,500 worth in 2017 and by January 2018 it was over $50,000 but it has just about fallen all the way back to what I bought it at), 2) my wife and I had our second child and I paid about $5,500 for the maternity costs alone, and 3) my index funds are down by about $14,000. I haven't put any money into crypto since Q3 2017 but I'm considering it now. So I lost about $60,000 in 2018 and saved about $40,000 for a net loss of $20,000 so far in 2018.
Its no fun seeing a decrease but the crypto really inflated my numbers. Good thing the year ends in December and not January or my losses would have been much higher because in the month of January it went up a lot but has fallen since February. It doesn't feel like I ever really had the $40k in the first place but I included it in my figure for 2017 so I got to take the hit in 2018.
-------------------------------------
Updated 1/1/2019!
1/1/2016 - $(11,622.00)
1/1/2017 - $43,708.00
1/1/2018 - $113,000.00
1/1/2019 - $100,144.66
~100K this year, almost all of it paying off student debt, which is now finally gone.Congrats. That is a big deal.
It's been a long and tedious haul.
I want to play!
31 Dec 2010: $85,203
31 Dec 2011: $106,303 (Δ $21,100)
31 Dec 2012: $144,111 (Δ $37,808)
31 Dec 2013: $212,510 (Δ $68,399)
31 Dec 2014: $264,836 (Δ $52,326)
31 Dec 2015: $299,579 (Δ $34,743)
31 Dec 2016: $371,611 (Δ $72,032)
31 Dec 2017: $496,452 (Δ $124,841)
31 Dec 2018: $528,285 (Δ $31,833)
~100K this year, almost all of it paying off student debt, which is now finally gone.Congrats. That is a big deal.
It's been a long and tedious haul.
2015 $400k
2016 $480k
2017 $880k
2018 $950k
2019 $1.0m
2020 $1.15m
Haven't had a good year on the markets since 2016-17 when I made a killing. Everything since then has essentially been wage earnings. No "power of compounding" for me.
2015 $400k
2016 $480k
2017 $880k
2018 $950k
2019 $1.0m
2020 $1.15m
Haven't had a good year on the markets since 2016-17 when I made a killing. Everything since then has essentially been wage earnings. No "power of compounding" for me.
do I even want to know what your 1M is in that you didn't make any meaningful amount in 2019?
I'm in Australia, and our shares went up 25% in the past year but I rebalanced and went into mostly property a couple of years ago and property has been a complete loser over that time (-5% last year, +5% this year). Part of the property rebalancing was that I needed a tax shelter and a way to save up for my family home, and property serves both functions well, but even in that sense it hasn't been a complete success because the government has restricted some of the deductions that we can employ on investment properties, so it's just been a disaster all-round. At this stage I'm torn between wanting property to do well (so that my net worth increases) versus wanting it to tank (so that my family home will be cheaper).Down 5%, then up 5% over a couple of years doesn't sound at all like a "complete loser". RE is, was, and always will be cyclical. Give it time.
12/31/2019: $37,161 Feeling a slight tailwind kick in12/31/2018: -$202 So close!12/31/2011: $18,71912/31/2017: -$30,801 2018 could be the year we get back to black
12/31/2012: $23,793 Income: 20k/yr.
12/31/2013: -$57,156 Started grad school financed by loans and got married and to a wife with a lot of student loans
12/31/2014: -$71,684 Still in grad school - more loans. Found MMM.
12/31/2015: -$68,111 Graduated and started working in June.
12/31/2016: -$61,128
12/31/2019: $37,161 Feeling a slight tailwind kick in12/31/2018: -$202 So close!12/31/2011: $18,71912/31/2017: -$30,801 2018 could be the year we get back to black
12/31/2012: $23,793 Income: 20k/yr.
12/31/2013: -$57,156 Started grad school financed by loans and got married and to a wife with a lot of student loans
12/31/2014: -$71,684 Still in grad school - more loans. Found MMM.
12/31/2015: -$68,111 Graduated and started working in June.
12/31/2016: -$61,128
Fun thread. It's interesting to compare yourself to others with common goals. This is just investment assets and not cash or mortgage factoring into net worth.
2014: $97k
2015: $129k
2016: $205k
2017: $318k
December 2013: $43,800
December 2014: $70,200
December 2015: $107,700
December 2016: $153,950
December 2017: $219,525
December 2018: $272,446
5.74 percent gain in NW YTD. Not great but since it is roughly 3 years of expenses I am not complaining.
19% Y on Y gain for 2016. I FIRED on Nov 01 with a package so that accounts for part of the gain but it is still happy dance time!
9% Y on Y TNW gain for 2017 (YTD). Investment accounts were up 17%. Cash reserves and real estate lowered the total gain for the year.
Down 3.8% Y on Y for 2018 (YTD). The big drop at the end of the year wiped out significant gains. This includes all expenses for the year.
December '12 - $161,110
December '13 - $225,147 ($64,037, 40%)
December '14 - $261,912 ($36,765, 16%)
December '15 - $272,926 ($11,014, 4%, ouch)
December '16 - $371,957 ($99,031, 36%)
December '17 - $528,534 ($156,577, 42%)
December '12 doesn't have home equity and we sold the house and rented in '13, so that's where that jump came from. For '16 and '17 I've included very conservative estimates of home equity.
December '18 - $651,778 ($123,244, 23%)
We did well on contributions, but our conservative estimate of home equity is down and investments were a mixed bag.
May hurt, but "losing" say 50% in a year should be much easier to handle when you've got $2m invested vs. say $200K or $20K. Dollars will be bigger, but so will the dollars you have left. So long as you don't sell it all at the bottom, you haven't really lost anything, and the ~$1m of assets should help you keep perspective on that.
I'm in Australia, and our shares went up 25% in the past year but I rebalanced and went into mostly property a couple of years ago and property has been a complete loser over that time (-5% last year, +5% this year). Part of the property rebalancing was that I needed a tax shelter and a way to save up for my family home, and property serves both functions well, but even in that sense it hasn't been a complete success because the government has restricted some of the deductions that we can employ on investment properties, so it's just been a disaster all-round. At this stage I'm torn between wanting property to do well (so that my net worth increases) versus wanting it to tank (so that my family home will be cheaper).Down 5%, then up 5% over a couple of years doesn't sound at all like a "complete loser". RE is, was, and always will be cyclical. Give it time.
It's January 1 so I did the calculations today of course. There are still some estimates since not everything is easily available electronically so I have to wait for some paper statements (fixing this is a goal for 2015).
Net worth increased about $151K, a mind-blowing number to me. This includes home equity which is a bit less than half of our total NW.
Another goal for 2015 is to do a better job of tracking how much gain or loss is due to the markets and how much is due to contributions. Right now I estimate that the $151K increase is about $101K contributions and $50K market related.
Fun to see that I had posted in this thread almost two years ago. I reported that in 2014 our NW had gone up $151K ($CAD, but still nice). I revised 2014 due to a better real estate valuation, so it looks like this:
2014: $174K increase in NW
2015: $213K increase
2016: estimating a $239K increase
I apologize for linking to this again, but it seems relevant for this thread. I had posted back in 2014 that I wanted to better understand where our changes in NW had actually come from, so I finally worked it out:
<nice chart showing what contributed to our net worth gains each year - real estate appreciation was a big factor>
Not expecting those real estate gains to continue...
It seems like I revisit this thread every two years. I have added 2017 and 2018 as well as gone back in time to add some historical numbers.
2006: $40K increase
2007: $112K increase
2008: $38K decrease
2009: $88K increase
2010: $70K increase
2011: $57K increase
2012: $118K increase
2013: $175K increase
2014: $174K increase
2015: $213K increase
2016: $244K increase
2017: $290K increase ($125K was increase in home value, even though I said I didn't expect RE gains to continue)
2018: $52K increase (house added another $100K in value, market dipped, and we didn't have as much new cash to invest)
2019(est): aiming for $170K increase
Despite the lower increase in 2018 it was a good year for us. We sold the house that had gained so much and bought a place cost $300K less. Most of that difference was invested a few months before the market dipped - unfortunate, but not something to lose sleep over. Real estate used to account for about 52% of our net worth but moving and investing the difference puts it at 42% which is still high but much better.
NW increase by year:
2015 = $108,000 (+40%)
2016 = $87,000 (+23%)
2017 = $119,000 (+26%)
2018 = $50,000 (+9%)
2019 = $179,000 (+28%)
Numbers in AUD
End 2015: $222k
End 2016: $299k
Trying to improve the savings rate in 2017 to get to $400k.
End 2017: $385k
Moved country, and set up a new house, which was spenny, and wife was out of work for a few months after the move. Next year should see us get to $500, provided market is flat or up.
Here's the final results:
Here's the update for year end including the past nine years.
2011: 323
2012: 470
2013: 716
2014: 894
2015: 1,019
2016: 1,208
2017: 1,519
2018: 1,640
2019: 2,046
It was a great year. The early retirement thing is going to cause these numbers to stop growing so quickly.
Dec 2014: $554December 2018: $208K.
Dec 2015: $32.2K
Dec 2016: $100.7K
Dec 2017: $149.6K
Somehow I managed to make more and save less in 2017. Hoping to reverse that savings trend in 2018.
Did manage to increase net worth more in 2018 than 2017 - about ~58K. Goal next year is to get back in the 70-80K range. Will check back in a year.
Here's the final results:
Here's the update for year end including the past nine years.
2011: 323
2012: 470
2013: 716
2014: 894
2015: 1,019
2016: 1,208
2017: 1,519
2018: 1,640
2019: 2,046
It was a great year. The early retirement thing is going to cause these numbers to stop growing so quickly.
You never know...we're up over $200k since FIREing in August 2019. I was shocked looking at our year end numbers. I would have been thrilled to be even with our August 2019 numbers.
I wasn't expecting much of an increase this year, since I quit my job in February and donated a decent chunk of money to charity. But sweet baby FSM did investment growth get my FIRE off to a great start. Net worth increased by $172,000. I never earned close to that amount in even my highest-income year.
Just put pencil to scratchpad. We flipped a house last year, so this number is unusually high. Our primary bank account + out primary investment account are up $562k over last year. There is other stuff, but I'm too gobsmacked to dig any further. Yowza!
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
Thanks to MMM, the concept of net worth and how to save (and invest!) money finally sunk in for me this year. I was on a paltry savings rate, content that I was contributing to my teacher pension plan for the last ten years (11% of gross income). Then I realized how much better I could be doing. This year I'm on track to max out 403b, 457b, Roth IRA, and put substantial money in a 529 and a taxable account after that. Target is a 75% savings rate. It wasn't even hard to do given my lifestyle preferences. I was just woefully in the dark about how and where to save and invest. Long live MMM and the FI blogosphere!
Shifting your focus to the number of shares owned solves this problem. When the market's down, shares accumulate faster. When the market rebounds, it's an incredible boost. #askmehowiknowDec 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
Thanks to MMM, the concept of net worth and how to save (and invest!) money finally sunk in for me this year. I was on a paltry savings rate, content that I was contributing to my teacher pension plan for the last ten years (11% of gross income). Then I realized how much better I could be doing. This year I'm on track to max out 403b, 457b, Roth IRA, and put substantial money in a 529 and a taxable account after that. Target is a 75% savings rate. It wasn't even hard to do given my lifestyle preferences. I was just woefully in the dark about how and where to save and invest. Long live MMM and the FI blogosphere!
Dec 2018: ~420k (got married and combined finances; I married well)
Dec 2019: ~600k
2020 is looking unlikely to see returns like last year (putting it mildly), but we are still in accumulation mode, so we won't stress over stock market gyrations. Our income hit its peak in 2019, and our savings rate was over 70%. We plan to continue at the same rate for at least a couple more years. The FI number isn't set in stone for us, as we have various options on the table about where we live, taking a sabbatical, etc. I do think that if the economy enters recession territory, this will be an instructive time for those of us who are newer to investing. Since I've only had serious money in the market for a few years, I'm used to seeing the number go in one direction- UP, BY A LOT. Getting used to lower (possibly flat or negative) returns will be an important step in getting comfortable with long-term investing, ignoring the sort term swings and trusting our asset allocation. Although I've read enough to know that this is part of the process, it's another thing altogether to watch it happen to your own portfolio. If anything, this motivates me to save more and not get complacent.
I'm going to have to change this thread to Net worth decrease 2020 (i.e. the 'present' taken away from yourself).
I'm going to have to change this thread to Net worth decrease 2020 (i.e. the 'present' taken away from yourself).Bwahahahahaha! Ouch!
+245K in CY 2019
As Ender noted above, the December correction (nearly a bear) makes this year's numbers look better than they would otherwise. But I'll take it.
+245K in CY 2019aaaand gone. But you know that's actually comforting. Easy come easy go, right? I'm down ~265K from peak (so far)and that's ok. It's comforting because this was only a little over a year ago. I certainly didn't feel 'poor' before I gained that 265K, so I don't feel poor now. I'm still pretty darn rich.
As Ender noted above, the December correction (nearly a bear) makes this year's numbers look better than they would otherwise. But I'll take it.
I'm going to have to change this thread to Net worth decrease 2020 (i.e. the 'present' taken away from yourself).Bwahahahahaha! Ouch!
Calling the decrease already? Haha!
This will be an interesting thread to watch this year.
This is not something I believe to be true, nor anything I would disclose IRL, so I'll share it here. Zillow has a "service" that pings you when your property values change. At the crack of dawn on Friday, I got a ping that our primary home in our HCOLA had increased in value by $260k. That's about what I'm guessing our investment accounts are down, but I'm not looking. So, according to the infallible algorithms employed by Zillow, it's a wash, as far as total net worth goes. Hahahahaha...More fun and games. Zillow is sill standing by the new Zestimate and our investments are down just 10%. We're sitting on a fat cash cushion, so our "actual" NW loss is less than 10%. Interestingly, Redfin's guess is 300k below Zillow's Zestimate. My answer is who knows, who cares? We're fine, even if our NW is in flux. MPP for sure.
This is not something I believe to be true, nor anything I would disclose IRL, so I'll share it here. Zillow has a "service" that pings you when your property values change. At the crack of dawn on Friday, I got a ping that our primary home in our HCOLA had increased in value by $260k. That's about what I'm guessing our investment accounts are down, but I'm not looking. So, according to the infallible algorithms employed by Zillow, it's a wash, as far as total net worth goes. Hahahahaha...More fun and games. Zillow is sill standing by the new Zestimate and our investments are down just 10%. We're sitting on a fat cash cushion, so our "actual" NW loss is less than 10%. Interestingly, Redfin's guess is 300k below Zillow's Zestimate. My answer is who knows, who cares? We're fine, even if our NW is in flux. MPP for sure.
LOL I'm at a personal top too (*waits for Property to start crashing and burning*)Ha! Thanks, @Marty, you made me get off my lazy bum and look. The numbers are even weirder since then. Zillow is $289,461k higher than Redfin, and $328,838k than Realtor.com. Totally crazypants.This is not something I believe to be true, nor anything I would disclose IRL, so I'll share it here. Zillow has a "service" that pings you when your property values change. At the crack of dawn on Friday, I got a ping that our primary home in our HCOLA had increased in value by $260k. That's about what I'm guessing our investment accounts are down, but I'm not looking. So, according to the infallible algorithms employed by Zillow, it's a wash, as far as total net worth goes. Hahahahaha...More fun and games. Zillow is sill standing by the new Zestimate and our investments are down just 10%. We're sitting on a fat cash cushion, so our "actual" NW loss is less than 10%. Interestingly, Redfin's guess is 300k below Zillow's Zestimate. My answer is who knows, who cares? We're fine, even if our NW is in flux. MPP for sure.
How does it look now Dicey? Investment accounts up $260k since then too? :D
Back to personal top.
Back to personal top.
And... it’s gone!
Back to personal top.
And... it’s gone!
This is a Simpsons quote right? When Homer discovers the Stockmarket?
Back to personal top.
And... it’s gone!
This is a Simpsons quote right? When Homer discovers the Stockmarket?
South Park, actually: https://www.youtube.com/watch?v=-DT7bX-B1Mg
Worth a watch or a re-watch.
Calling the decrease already? Haha!
This will be an interesting thread to watch this year.
Pestilence is not easily defeated.
Only those whose 'stache's' are in the very early phase will likely see an increase this year.
Calling the decrease already? Haha!
This will be an interesting thread to watch this year.
Pestilence is not easily defeated.
Only those whose 'stache's' are in the very early phase will likely see an increase this year.
@marty998 The title didn’t make sense to me until I saw this. Still seems premature to change the title with how the market is reacting. I’d keep the original title and let the year play out.
Back to personal top.
And... it’s gone!
This is a Simpsons quote right? When Homer discovers the Stockmarket?
South Park, actually: https://www.youtube.com/watch?v=-DT7bX-B1Mg
Worth a watch or a re-watch.
I'm sorry, this thread is only for forum members. Please stand aside for people who actually hadhavemoney.
Calling the decrease already? Haha!
This will be an interesting thread to watch this year.
Pestilence is not easily defeated.
Only those whose 'stache's' are in the very early phase will likely see an increase this year.
@marty998 The title didn’t make sense to me until I saw this. Still seems premature to change the title with how the market is reacting. I’d keep the original title and let the year play out.
I am still very early in the accumulation phase.
NW on 1/1 was $76k, and is currently sitting at $95k.
I was at $80k right as the market tanked and lost quite a bit during the initial drops. But I kept contributing to everything as much as I could (while slightly building up my emergency fund in case of lay-off) and am feeing alright again. Still putting a bit of cash away each check until I hit 9 months or so (am at about 6.5 now). Not sure how much cash I want on hand but I don’t want to shoot myself in the foot by not investing.
Frequent and consistent contributions are what will get us there faster than anything! You’ve got this!I am still very early in the accumulation phase.
NW on 1/1 was $76k, and is currently sitting at $95k.
I was at $80k right as the market tanked and lost quite a bit during the initial drops. But I kept contributing to everything as much as I could (while slightly building up my emergency fund in case of lay-off) and am feeing alright again. Still putting a bit of cash away each check until I hit 9 months or so (am at about 6.5 now). Not sure how much cash I want on hand but I don’t want to shoot myself in the foot by not investing.
Woot woot, congrats! I'm right there with you. I consider myself also early on in accumulation/career phase. At the bottom in March I was at $103k NW, now I'm at $145k. Sure, a lot of that is due to the continual contributions I'm making, but I'm assuming that stocks are on sale for the next year or so. Maybe more.
Frequent and consistent contributions are what will get us there faster than anything! You’ve got this!I am still very early in the accumulation phase.
NW on 1/1 was $76k, and is currently sitting at $95k.
I was at $80k right as the market tanked and lost quite a bit during the initial drops. But I kept contributing to everything as much as I could (while slightly building up my emergency fund in case of lay-off) and am feeing alright again. Still putting a bit of cash away each check until I hit 9 months or so (am at about 6.5 now). Not sure how much cash I want on hand but I don’t want to shoot myself in the foot by not investing.
Woot woot, congrats! I'm right there with you. I consider myself also early on in accumulation/career phase. At the bottom in March I was at $103k NW, now I'm at $145k. Sure, a lot of that is due to the continual contributions I'm making, but I'm assuming that stocks are on sale for the next year or so. Maybe more.
We’re now net even with the peak, despite my wife going from full time to getting only occasional work. Withdrew bond funds to cover a few months’ of money, but we can reinvest most of that back soon. We’ve been overall quite fortunate through no investment skill of our own (other than not panicking, if that’s a skill...)It's a highly valuable skill indeed ;-)
We are down about 24K YTD or -4.3%. The portfolio is mostly vtsax but we have added a lot to it this year so far. Buy the dip ride the rip right?
Up about $170k NW from January 1.
Up about $170k NW from January 1.
Nice.. I think we are roughly the same. If you think about this.. its $170k in 8 months for doing absolutely NOTHING!...Who does that?..:)
About $15k of that was tax free money going into a Roth TSP which will now grow tax free for the rest of my life. Pretty nice feeling. My military TSP account went from $11k to $41k in the last year.Well done, sir.
I'll be able to collect a military reserve pension in about 25 years. With what I have invested now we could pretty much stop contributing and be ok by the time I hit 60.
About $15k of that was tax free money going into a Roth TSP which will now grow tax free for the rest of my life. Pretty nice feeling. My military TSP account went from $11k to $41k in the last year.Well done, sir.
I'll be able to collect a military reserve pension in about 25 years. With what I have invested now we could pretty much stop contributing and be ok by the time I hit 60.
That's practically Coast FI, and your other investments might only have to last until age 60.
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!
Appreciation on my investments this month was greater than my monthly expenses. That means I can safely retire, right? A 50% SWR is bound to be safe forever...
Appreciation on my investments this month was greater than my monthly expenses. That means I can safely retire, right? A 50% SWR is bound to be safe forever...
Do it!
I had a similar thought yesterday. My appreciation covers the mortgage only, so I'd have to dumpster dive for my family. Ugh.
Not actually suggesting you quit your job but dumpster diving isn't really all that bad, honest. Picked up literally about 100lbs of groceries for free this week. Diving is one major contributor to our high-ish savings rate over the past 5 years. It is pretty incredible what gets thrown out. This year's big surprise was 20 x 18oz unopened bottles of extra virgin olive oil, not expired. Sells in the store for $5 each so I figure we are $100 closer to retiring now ignoring gains that will be made on that money saved. We routinely get boxes of not-too-ripe bananas, peppers, broccoli, and plenty of other food on the reg. We shop at the stores we dive at so they are still getting plenty of our business.
That said, I totally understand if people think it's not up to par with their eating standards. For us it feels like a triple win- reducing food waste, fun surprises that keep things interesting in the kitchen, and inching us closer to financial freedom.
But yeah definitely FIRE on more than your mortgage payment!!! :D
Appreciation on my investments this month was greater than my monthly expenses. That means I can safely retire, right? A 50% SWR is bound to be safe forever...
Do it!
I had a similar thought yesterday. My appreciation covers the mortgage only, so I'd have to dumpster dive for my family. Ugh.
Not actually suggesting you quit your job but dumpster diving isn't really all that bad, honest. Picked up literally about 100lbs of groceries for free this week. Diving is one major contributor to our high-ish savings rate over the past 5 years. It is pretty incredible what gets thrown out. This year's big surprise was 20 x 18oz unopened bottles of extra virgin olive oil, not expired. Sells in the store for $5 each so I figure we are $100 closer to retiring now ignoring gains that will be made on that money saved. We routinely get boxes of not-too-ripe bananas, peppers, broccoli, and plenty of other food on the reg. We shop at the stores we dive at so they are still getting plenty of our business.
That said, I totally understand if people think it's not up to par with their eating standards. For us it feels like a triple win- reducing food waste, fun surprises that keep things interesting in the kitchen, and inching us closer to financial freedom.
But yeah definitely FIRE on more than your mortgage payment!!! :D
Appreciation on my investments this month was greater than my monthly expenses. That means I can safely retire, right? A 50% SWR is bound to be safe forever...
Do it!
I had a similar thought yesterday. My appreciation covers the mortgage only, so I'd have to dumpster dive for my family. Ugh.
Is this the best month in the history of the market?March 1933 was something like 11.2%. Probably other examples too.
I'm up 32.5% (losing at the decrease game for 2020!!). Helps that I am at the early stages of my investing career and that I didn't blink at COVID in March/April. Continued contributing to my 401k and maxxed out my IRA. Thank you so much JL Collins for preparing me for 2020.
For actual dollar values- started out the year at 132k and am now at 176k. 100% stocks. DH not a fan of my aggressive investing strategy, it's a good thing we keep our finances separate, heh heh... He's sitting on 60k in cash and I die a little inside every time I remember that.
I'm up 32.5% (losing at the decrease game for 2020!!). Helps that I am at the early stages of my investing career and that I didn't blink at COVID in March/April. Continued contributing to my 401k and maxxed out my IRA. Thank you so much JL Collins for preparing me for 2020.
For actual dollar values- started out the year at 132k and am now at 176k. 100% stocks. DH not a fan of my aggressive investing strategy, it's a good thing we keep our finances separate, heh heh... He's sitting on 60k in cash and I die a little inside every time I remember that.
He's going to end up with $40k cash. Because the moment he gets convinced "oh ok... you were right all along, I'm going to go buy stocks" is the moment the markets will tank 30% again and he'll sell out after looking at the sea of red and say "see, I told you so."
Please warn us in advance.
This year has been a wild ride. And it ain't over, yet.
LNW since 2015 --
(I consider the blue line my 'real' number. The red is just phantom money until I convert it to the blue.)
This year has been a wild ride. And it ain't over, yet.
LNW since 2015 --
(I consider the blue line my 'real' number. The red is just phantom money until I convert it to the blue.)
That's incredible amber! Major congrats on your progress. I love your chart.
I found MMM in late 2012 and started tracking things seriously in Mint soon after.
Jan 2013: ~250k
Oct 2017: ~720k
Dec 2018: ~818k. Down about 80k from September but I'll take it! My wife's accounts are not included here and she had a great year with some work stock and cash bonuses.
I have felt like I was just treading water this year with some expenditures ratcheting up. Good to look at this and realize how fortunate we really are. I still need to stop eating out so damn much!
Looks like the "financial press" is at it again. The SP500 goes down 3.5% and they are losing their minds about some impending catastrophe. Nevermind it's higher than pretty much any time ever except the last week.I'm glad it's down, right now it's insanely high and it's been worrying me.
This may be the first year where our overall good fortune leaves me feeling nervous like a French aristocrat shortly before the revolution: the world's going to hell in a handbasket, and we're doing better than ever.. who do I even tell? Mostly joking...mostly.
Quietly just gonna revert the topic thread title back to increase for 2020. I’m gonna finish the year +$200k assuming markets stay flat from here.
Proof positive that the financial world is totally disconnected from reality.
I can see the merits of that comment about being French just before the guillotine drops.... something nasty should have happened by now.
Our investment account which is mostly Index funds went from $303,564 to $396,197.
Out total NW went from $984,249 to $1,100,106.
The extra $30K+ not from investments came from 1 rental, loan and $12k of equities from paying down our primary home. I got furloughed and then lay-off from a $120k job since late March.
Our investments are 100% Indexes right now and like others, I feel a guillotine is about to drop.
The S&P is "only" up 13.4% YTD. I'm guessing a lot of the increases people are posting are from contributions, which is pretty awesome.
The S&P is "only" up 13.4% YTD. I'm guessing a lot of the increases people are posting are from contributions, which is pretty awesome.
Nope. We're up 10.13% for the year, with a 78/22% portfolio, EXCLUDING contributions.
Our investment account which is mostly Index funds went from $303,564 to $396,197.
Out total NW went from $984,249 to $1,100,106.
The extra $30K+ not from investments came from 1 rental, loan and $12k of equities from paying down our primary home. I got furloughed and then lay-off from a $120k job since late March.
Our investments are 100% Indexes right now and like others, I feel a guillotine is about to drop.
I'm guessing you mean 100% stock indexes, as there are index funds for all sorts of non-equity investment vehicles. I sometimes feel like I'm the only one on the forum beating this drum, but you need to settle on an asset allocation that lets you sleep at night. 100% stocks has historically been the highest return AA, but also the most volatile. If you can answer in your heart of hearts "I will not panic if my investments drop by 50% and take 18 months to recover" then a 100% stock AA may be for you. But your risk tolerance isn't truly stress tested until you've experienced the worst the stock market has to offer.
Our investment account which is mostly Index funds went from $303,564 to $396,197.
Out total NW went from $984,249 to $1,100,106.
The extra $30K+ not from investments came from 1 rental, loan and $12k of equities from paying down our primary home. I got furloughed and then lay-off from a $120k job since late March.
Our investments are 100% Indexes right now and like others, I feel a guillotine is about to drop.
I'm guessing you mean 100% stock indexes, as there are index funds for all sorts of non-equity investment vehicles. I sometimes feel like I'm the only one on the forum beating this drum, but you need to settle on an asset allocation that lets you sleep at night. 100% stocks has historically been the highest return AA, but also the most volatile. If you can answer in your heart of hearts "I will not panic if my investments drop by 50% and take 18 months to recover" then a 100% stock AA may be for you. But your risk tolerance isn't truly stress tested until you've experienced the worst the stock market has to offer.
The S&P is "only" up 13.4% YTD. I'm guessing a lot of the increases people are posting are from contributions, which is pretty awesome.
Nope. We're up 10.13% for the year, with a 78/22% portfolio, EXCLUDING contributions.
Why would you exclude contributions from your net worth calculation? You’re talking about your personal rate of return.
1/1/2020 7.4mmTroll.
12/16/2020 9.2mm
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1/1/2020 7.4mmTroll.
12/16/2020 9.2mm
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Hey, Baby Pig! I see you found that $1M I dropped awhile back. Thanks for holding onto it. I'll come over tonight to grab that from ya.Neither. I only have 4K in BTC. I don’t own Tesla, I mainly mutual funds. Not retired.
Seriously, though, I hope you're already retired. That Tesla money? Bitcoin? Just wondering.
. . . Not retired.Out of curiosity, why not?
Kids still in school. I enjoy working, I would be bored and depressed if I were retired. After about a month I think I would be ready to get back to work. I’m in my 40s. . . Not retired.Out of curiosity, why not?
Kids still in school. I enjoy working, I would be bored and depressed if I were retired. After about a month I think I would be ready to get back to work. I’m in my 40s. . . Not retired.Out of curiosity, why not?
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Nope.
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I try not to pay too much attention to our account balances. However, DH just mentioned that our primary account grew by $10k in one day. This shit works, man. I never earned $10k per month back when I was a working stiff. Keeping my fixed rate mortgage and investing all I could was the ticket. Wowza!
We're fluctuating between $200,000 and $270,000 down from the start of the year. 1% up or down in the S&P 500 index gives roughly a $10K change. That's handy 'cause I can know about where we are without having to actually check our balances, all I have to do is check the S&P 500 YTD %.
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.
Nope.
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Oh good, because he went around shitting all over early retirees and basically told everyone here that they're boring because they're not rich enough to do interesting things.
It wasn't a good look.
Welcome to the forums, I personally don't assume you aren't telling the truth about your NW because it's not like it's an unrealistic number, it's just not all that common here, at least not that common for people to share. I'm sure there are a few other 5-10M folks hiding around here who just stay quiet about it.
Congrats on the NW jump in 2020.
Numbers in AUD
End 2015: $222k
End 2016: $299k
Trying to improve the savings rate in 2017 to get to $400k.
End 2017: $385k
Moved country, and set up a new house, which was spenny, and wife was out of work for a few months after the move. Next year should see us get to $500, provided market is flat or up.
Didn't update this thread last year. Clearly I made the $500k goal I was hoping for.
End 2018: $531k (+146)
End 2019: $700k (+169)
Looking back, it's crazy to think that I have been doing this for 5 years now. This year will be a bit tougher as we now have a +1 dependent, but hoping to hit the $1M by end of 2021.
December 2014 - $62000
December 2015 - $91000
December 2016 - $134000
December 2017 - $192000
I am 29 years old. Not quite as badass as MMM himself, but I am making progress.
+245K in CY 2019
As Ender noted above, the December correction (nearly a bear) makes this year's numbers look better than they would otherwise. But I'll take it.
2018 - $1,176k2017 - $1,082k2012 - $295k2015 - $713k
2013 - $419k
2014 - $534k
2016 - $897k
12/19/19: about 1,600,000* - UP about $340K* (amplified by the dip at the end of 2018)1/2/19: about 1,260,000 - DOWN about $73K in 201812/20/16: about $1,150,000 (excluding house)End 2013: about $822000
End 2014: about $1015000
Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total (the value of which is not going to change drastically)
12/6/16: about $1,125,000 (excluding house)
FIREd 7/2/2015
12/30/17: about $1,333,000 (excluding house)
Using the actual numbers - up about $184K in 2017.
UP about $510K* since retiring.
12/31/19: about $1,620,000 - crazy.
* updated due to market move. And I discovered an error in my spreadsheet such that one account wasn’t included in my total.
After a long pause, I did my bookkeeping againg.
Got C-19 in March (mild one, no relevant pre-existing conditions), separated from my SO in June, changed job, moved within the country to another city, an here I am still standing.
With 53k instead of 21k a year ago.
2020 was a shitshow, at least until late November, for me personally, and I know others had it way worse. Be gone, 2020.
Dec 31, 2012 -($33,302)
Dec 31, 2013 -($20,162) +13,140
Dec 31, 2014 $2,833 +22,995
Dec 31, 2015 $13,330 +10,497
Dec 31, 2016 $75,494 +62,164 **
Dec 31, 2017 $106,827 +31,333
Dec 31, 2018 $125,811 +18,984
Dec 31, 2019 $221,500 +95,689 **
Bit slower then many on here; but started late and in BIG HOLE of debt. We've made it through the "daycare years" with both our kids and re-fied our consumer debt into a more manageable longer term lower rate second mortgage. Also crossed into 6 figures invested this year and they say the first $100K is the hardest. So I am pretty confident and optimistic for the next decade :)
** years in which I updated and bumped up our home value, in reality it was more linear/averaged out over the other years as well.
...
Not sure a target for this year as it'll be our first year with a new lower mortgage meaning not as much principal paydown. I'll also be starting a new business so not sure where my income will land.
Household combined figures converted to US$
end 2012: $130K
end 2013: $221K +$91K on combined salaries totaling $76K
end 2014: $318K +$97K on combined salaries totaling $80K
end 2015: $362K +$44K on combined salaries totaling $80K
end 2016: $486K +124K on combined salaries totaling $85K
...
Not sure a target for this year as it'll be our first year with a new lower mortgage meaning not as much principal paydown. I'll also be starting a new business so not sure where my income will land.
Congrats on such serious progress and making the $100K investment milestone!
As for where your income will land, in the market in index funds, you silly! :)
I want to play!
31 Dec 2010: $85,203
31 Dec 2011: $106,303 (Δ $21,100)
31 Dec 2012: $144,111 (Δ $37,808)
31 Dec 2013: $212,510 (Δ $68,399)
31 Dec 2014: $264,836 (Δ $52,326)
31 Dec 2015: $299,579 (Δ $34,743)
31 Dec 2016: $371,611 (Δ $72,032)
31 Dec 2017: $496,452 (Δ $124,841)
31 Dec 2018: $528,285 (Δ $31,833)
31 Dec 2019: $706,933 (Δ $178,648)
December '12 - $161,110
December '13 - $225,147 ($64,037, 40%)
December '14 - $261,912 ($36,765, 16%)
December '15 - $272,926 ($11,014, 4%, ouch)
December '16 - $371,957 ($99,031, 36%)
December '17 - $528,534 ($156,577, 42%)
December '12 doesn't have home equity and we sold the house and rented in '13, so that's where that jump came from. For '16 and '17 I've included very conservative estimates of home equity.
December '18 - $651,778 ($123,244, 23%)
We did well on contributions, but our conservative estimate of home equity is down and investments were a mixed bag.
December '19 - $799,312 ($147,534, 23%)
We're up more than that for the year, because I reported last December before the year end dip. It's amazing to look back and see all the progress we've made.
I'm up about $42,000 for 2015. Wife is up about 30k. Pretty exciting since this was my first year of saving like a mustachian. However, I still have a negative networth.
2015 Breakdown:
$19,600 in 401k (includes employer contributions)
$5,350 in IRA (took losses)
$3,350 in HSA
$7,000 paid to brother for interest free car loan debt
$7,000 paid toward student loan principle (I paid extra before I refinanced with sofi) :(
1/1/2016 - (11,622)
12/11/2016 - 41,938
+$53,560, this feels nuts!
Jan. 1, 2017 - $43,708
Jan. 1, 2018 - $113,000
+$69,292 in 2017. I took a pay cut in late 2016 and went to a single-income household due to a +1 to our family so I'm stoked about the gains.
Looks like I'll be down significantly this year but its all good. Right now I'm at $93k. This doesn't include our house which is paid off. Three reasons for the loses: 1) I lost a cool $40k in cryptocurrency this year (I bought $3,500 worth in 2017 and by January 2018 it was over $50,000 but it has just about fallen all the way back to what I bought it at), 2) my wife and I had our second child and I paid about $5,500 for the maternity costs alone, and 3) my index funds are down by about $14,000. I haven't put any money into crypto since Q3 2017 but I'm considering it now. So I lost about $60,000 in 2018 and saved about $40,000 for a net loss of $20,000 so far in 2018.
Its no fun seeing a decrease but the crypto really inflated my numbers. Good thing the year ends in December and not January or my losses would have been much higher because in the month of January it went up a lot but has fallen since February. It doesn't feel like I ever really had the $40k in the first place but I included it in my figure for 2017 so I got to take the hit in 2018.
-------------------------------------
Updated 1/1/2019!
1/1/2016 - $(11,622.00)
1/1/2017 - $43,708.00
1/1/2018 - $113,000.00
1/1/2019 - $100,144.66
1/1/2020 - $182,658.32. An increase of $82k. I'm happy with it but it could have been much better. My spouse plans to reenter the workforce after more than 3 years of being a SAHM. It's our goal to get her a flexible job nearby that has good insurance and a 401k. I'm currently paying over $18,000 annually in insurance premiums (for meh insurance) so we would love to find something better.
Fun fact: I made more in 2020 (my first full year of early retirement) than I made in total in the first 25 years of my life's employment.
In other words, all of my wages added together between my first minimum wage job in 1986 and my eventual professional career of the year 2011 do not equal what I have added to my stache in this single screwed up year of 2020. Without a job.
Embarrassing riches. I am so grateful to have figured this shit out.
Fun fact: I made more in 2020 (my first full year of early retirement) than I made in total in the first 25 years of my life's employment.
In other words, all of my wages added together between my first minimum wage job in 1986 and my eventual professional career of the year 2011 do not equal what I have added to my stache in this single screwed up year of 2020. Without a job.
Embarrassing riches. I am so grateful to have figured this shit out.
That is awesome!
I'm up about $42,000 for 2015. Wife is up about 30k. Pretty exciting since this was my first year of saving like a mustachian. However, I still have a negative networth.
2015 Breakdown:
$19,600 in 401k (includes employer contributions)
$5,350 in IRA (took losses)
$3,350 in HSA
$7,000 paid to brother for interest free car loan debt
$7,000 paid toward student loan principle (I paid extra before I refinanced with sofi) :(
1/1/2016 - (11,622)
12/11/2016 - 41,938
+$53,560, this feels nuts!
Jan. 1, 2017 - $43,708
Jan. 1, 2018 - $113,000
+$69,292 in 2017. I took a pay cut in late 2016 and went to a single-income household due to a +1 to our family so I'm stoked about the gains.
Looks like I'll be down significantly this year but its all good. Right now I'm at $93k. This doesn't include our house which is paid off. Three reasons for the loses: 1) I lost a cool $40k in cryptocurrency this year (I bought $3,500 worth in 2017 and by January 2018 it was over $50,000 but it has just about fallen all the way back to what I bought it at), 2) my wife and I had our second child and I paid about $5,500 for the maternity costs alone, and 3) my index funds are down by about $14,000. I haven't put any money into crypto since Q3 2017 but I'm considering it now. So I lost about $60,000 in 2018 and saved about $40,000 for a net loss of $20,000 so far in 2018.
Its no fun seeing a decrease but the crypto really inflated my numbers. Good thing the year ends in December and not January or my losses would have been much higher because in the month of January it went up a lot but has fallen since February. It doesn't feel like I ever really had the $40k in the first place but I included it in my figure for 2017 so I got to take the hit in 2018.
-------------------------------------
Updated 1/1/2019!
1/1/2016 - $(11,622.00)
1/1/2017 - $43,708.00
1/1/2018 - $113,000.00
1/1/2019 - $100,144.66
1/1/2020 - $182,658.32. An increase of $82k. I'm happy with it but it could have been much better. My spouse plans to reenter the workforce after more than 3 years of being a SAHM. It's our goal to get her a flexible job nearby that has good insurance and a 401k. I'm currently paying over $18,000 annually in insurance premiums (for meh insurance) so we would love to find something better.
1/1/2021 - $363,520.25. An increase of $180,842.27. Crappy year overall but I am thrilled with the financial gains. Pretty much hit on all cylinders in 2020. I front-loaded my retirement accounts which meant I was buying heavily during the February-March crash, made a little in crypto, and made a little in the collectible sealed Magic the Gathering/Pokemon TCG scenes (not a scalper/reseller. I buy from a Local Game Store and sell a portion of the older stuff that is out of print to recover my basis and sit on the rest - its quite fun).
My spouse is going back into the workforce in a couple weeks, after being a SAHM for four years. I don't include her accounts in the above so it won't be a significant impact to my future updates but it is definitely a major factor in us become FIRE sooner. Her job will give our family much better insurance options. We currently pay around $1,200 a month for insurance and her job will give us access to insurance that is $250 per month. Huge savings potential there (there will be savings even if we hit the much higher deductible but we are hoping that doesnt happen).
Fun fact: I made more in 2020 (my first full year of early retirement) than I made in total in the first 25 years of my life's employment.
In other words, all of my wages added together between my first minimum wage job in 1986 and my eventual professional career of the year 2011 do not equal what I have added to my stache in this single screwed up year of 2020. Without a job.
Embarrassing riches. I am so grateful to have figured this shit out.
That is awesome!
12/31/2020: $110,648 Sold my house, passed the CPA exam. Curious what 2021 holds.12/31/2019: $37,161 Feeling a slight tailwind kick in12/31/2018: -$202 So close!12/31/2011: $18,71912/31/2017: -$30,801 2018 could be the year we get back to black
12/31/2012: $23,793 Income: 20k/yr.
12/31/2013: -$57,156 Started grad school financed by loans and got married and to a wife with a lot of student loans
12/31/2014: -$71,684 Still in grad school - more loans. Found MMM.
12/31/2015: -$68,111 Graduated and started working in June.
12/31/2016: -$61,128
2014: $97k
2015: $129k (+$32k, 32%)
2016: $205k (+$76k, 59%)
2017: $318k (+$113k, 54%)
2018: $366k (+$48k, 15%)
2019: $557k (+$191k, 52%)
12/20 $2.43.12/16 $1.3112/19 $1.79 still smoke breaking. Bought a new house, paid cash for college again, took lots more YOLO trips, and was surprised things actually went up with the net worth. Thank you markets. I am a bit listless with the SAHM routine. I may go back to work in March or April. Or not...
12/17 $1.49
12/18 $1.59 college and cancer combined with selling a house, a fancypants Tesla M3, and meh stock returns. YOLO is strong in the face of your own mortality. I’m on a “smoke break” from work through 3/1/19. Progress stalled this year for sure.
EOY Networth (US$)
2011 -50k
2012 -41k
2013 -10k
2014 33,726
2015 90,497
2016 146,590
2017 224,985
2018 282,015
Wow wow wow look at all these numbers!
So many on this page starting small and within a short decade or less turning it into hundreds of thousands or even a million or more.
All of us have completely different backgrounds and life circumstances... and yet it’s result after result after result after result proving that this shit works.
Hearty congratulations to all, and may we all continue on our merry ways in 2021!
2006: $40K increase
2007: $112K increase
2008: $38K decrease
2009: $88K increase
2010: $70K increase
2011: $57K increase
2012: $118K increase
2013: $175K increase
2014: $174K increase
2015: $213K increase
2016: $244K increase
2017: $290K increase ($125K was increase in home value, even though I said I didn't expect RE gains to continue)
2018: $52K increase (house added another $100K in value, market dipped, and we didn't have as much new cash to invest)
2019: $273K increase (a lot better than the $170K I had forecast 12 months ago)
2020: Do I dare make a prediction? Not this time.
We're up by over $150k this year!!! Mind-blowing. Just a few days ago passed $500k investments. Also hit $1 million NW this year. Truly grateful for MMM and this community being the catalyst. As we all know, these behaviors aren't discussed in polite company, plus stealth wealth is important especially as you go higher in NW or work in a field where people are subsisting on much less (some while racking up debt/leasing new cars/clubbing). People can be jealous bitches and you will lose some friendships if your success is obvious (or even if not but you just seem suspiciously content).
While it hasn't been easy, I first fixed my mindset. Then I accidentally landed the highest-paying gig of my life after DECADES of subsistence on low income self-employment. IMHO, MMM's emphasis on getting a better-paying job is critical. Like high savings rates, it's one of those things that people think is impossible for them to achieve. It's not. The money is out there, at least for now in a good global economy. I don't deceive myself that it's all about me -- I've been through recessions and know the experience of calling every client I have and learning they no longer have budget and have laid everyone off. I've also worked a ton of manual labor. This is a good economy. Enjoy this motherfucker!
Low expenses + no debt + high savings rate + high income + stock market = FI!
Dec 2014: $554December 2018: $208K.
Dec 2015: $32.2K
Dec 2016: $100.7K
Dec 2017: $149.6K
Somehow I managed to make more and save less in 2017. Hoping to reverse that savings trend in 2018.
Did manage to increase net worth more in 2018 than 2017 - about ~58K. Goal next year is to get back in the 70-80K range. Will check back in a year.
Unfortunately, didn't hit the 70-80K goal, but I did break the quarter-mill mark last year! Currently sitting at $264K in net-assets.
I little over 200k over the last 12 months.
Not quite as good this year at $180k. Saved more, but my investments didn't do nearly as well.
Up a ridiculous $660K this year, but a lot of that is inflated Zillow values. Investments were up $241K.
Down about $50K this year, mostly due to the Zillow value of my home becoming more reasonable. I left my full time job and started a new venture in February 2017, so I wasn't saving nearly as much as before. Investments were up $192K.
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 |
Jan 1, 2019: $419k ($284k in investments, $135k in home equity)
Jan 1, 2020: $654k ($434k in investments, $220k in home equity)
Change of $235k or 56%. This was by far our best year from an income and savings standpoint. This also encouraged me to move from being a lurker on here to actually participating :)
In our investments, we saved $78k, or 35% of our net income (take home pay, then adding back 401k contributions). We maxed out two 401k accounts, one HSA, and an ESPP. We also had an overly concentrated stock portfolio due to DW's company stock RSUs that vested during the year, and ESPP stock that we were holding until we could sell for long term cap gains tax. While I thought the company was undervalued at the beginning of the year, I didn't expect a ~60% increase in 2019, which was by far the biggest driver of our investment account increase. Finally, we refinanced our mortgage after some renovations (paid for by selling some of the company stock), so we saw a large jump in value that will not be repeated (I will just keep my appraisal value as the home value until a sale/refinancing event in the future).
I am beyond pumped, but trying to stay realistic. We are extremely unlikely to get even half as lucky in 2020, but are aiming to make up for some of that by increasing to a 45% savings rate.
2020 was total insanity. We gained ~$200k in liquid net worth and another $400-500k or so in RE equity, depending on how much you believe Zillow. I guess maybe we'll hit $2 million NW, despite making zero efforts to do so, in a few more years, even if the markets completely stagnate from here on out. Hell, we could hit it in a year the way the RE market here is going.
Honestly I'd rather not have the RE equity if it meant I could send home all the out-of-state folks who moved to our town.
Anyone got good ideas for charities to donate stimulus funds to?
-W
With the final numbers in, I'm up almost $71k or 78.03%
It's not as impressive as those of you in the double comma club, but I'll take it.
1/1/16: $462,464.131/1/21: $1,184,146.26 (+$248,497.75)
1/1/17: $598,065.11 (+$135,600.98)
1/1/18: $719,775.17 (+$121,710.06)
1/1/19: $708,180.68 (-11,594.49)
1/1/20: $935,648.51 (+227,467.83)
@UnleashHell , check your math in your post above.@SwordGuy I did. which bit?
@UnleashHell , check your math in your post above.@SwordGuy I did. which bit?
@UnleashHell , check your math in your post above.@SwordGuy I did. which bit?
@UnleashHell , check your math in your post above.@SwordGuy I did. which bit?
490K +141K != 738K , it 631K
@UnleashHell , check your math in your post above.@SwordGuy I did. which bit?
Math looks fine to me. @UnleashHell I'm with you in that my money went up more than ever in 2020, but my happiness went down. I guess money doesn't make me happy. In other years I saw those numbers going up as an achievement, this year not so much.
I keep thinking that the huge gains in share prices are maybe because the dollar is going down in value, or people think it will soon. I'm still working towards FIRE because I don't want to be beholden to an employer any more. This year I also want to find more meaning in my life outside of those numbers.
@UnleashHell , check your math in your post above.@SwordGuy I did. which bit?
Math looks fine to me. @UnleashHell I'm with you in that my money went up more than ever in 2020, but my happiness went down. I guess money doesn't make me happy. In other years I saw those numbers going up as an achievement, this year not so much.
I keep thinking that the huge gains in share prices are maybe because the dollar is going down in value, or people think it will soon. I'm still working towards FIRE because I don't want to be beholden to an employer any more. This year I also want to find more meaning in my life outside of those numbers.
the only bright side is that the increase is setting me up for the future when the 2020 conditions are no longer in place (and 2021 so far).
Too many people went out of my life in the last year. plus not seeing my parents for over a year. Things will improve but its still pretty bleak right now as, even with the good news, none of the things that have happened can be undone.
January 2019 ... (-$35K)Not spending $ you didn’t have. 🤣
January 2020 ... $20K
January 2021 ... $80K
I'm not even sure how it all happened!
January 2019 ... (-$35K)Not spending $ you didn’t have. 🤣
January 2020 ... $20K
January 2021 ... $80K
I'm not even sure how it all happened!
Better take a pregnancy test....kidding!
1/1/2020: 753K
1/1/2021:1,001K
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.
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)
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 lolSo 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!
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.
My NW increase is modest compared to the awesome numbers being posted by others.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.
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.
1/1/2017 ~ $70,000
1/1/2018 ~ $126,000 (+$56,000)
Zero to a mil in 8 years. Thank you market. Thank you sensible Camry. Thank you divorce!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
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.
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 foldedI suppose you should be comparing 6 years of retirement to something more positive to losing a card game ha!
Gotta never look at the river card when you have already foldedI 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"?)
Gotta never look at the river card when you have already foldedI 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.
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 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.
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.
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!
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.
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.
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.
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.
% of target stash:
* 2014 - 12%
* 2015 - 15%
* 2016 - 25% <-- found MMM
* 2017 - 42%
* 2018 - 37% <-- bought land
* 2019 - 67% <-- sold house
Onward!
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!
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!
I want to play!
31 Dec 2010: $85,203
31 Dec 2011: $106,303 (Δ $21,100)
31 Dec 2012: $144,111 (Δ $37,808)
31 Dec 2013: $212,510 (Δ $68,399)
31 Dec 2014: $264,836 (Δ $52,326)
31 Dec 2015: $299,579 (Δ $34,743)
31 Dec 2016: $371,611 (Δ $72,032)
31 Dec 2017: $496,452 (Δ $124,841)
31 Dec 2018: $528,285 (Δ $31,833)
31 Dec 2019: $706,933 (Δ $178,648)
31 Dec 2020: $914,880 (Δ $207,947)
December '12 - $161,110
December '13 - $225,147 ($64,037, 40%)
December '14 - $261,912 ($36,765, 16%)
December '15 - $272,926 ($11,014, 4%, ouch)
December '16 - $371,957 ($99,031, 36%)
December '17 - $528,534 ($156,577, 42%)
December '12 doesn't have home equity and we sold the house and rented in '13, so that's where that jump came from. For '16 and '17 I've included very conservative estimates of home equity.
December '18 - $651,778 ($123,244, 23%)
We did well on contributions, but our conservative estimate of home equity is down and investments were a mixed bag.
December '19 - $799,312 ($147,534, 23%)
We're up more than that for the year, because I reported last December before the year end dip. It's amazing to look back and see all the progress we've made.
December '20 - $1,115,691 ($316,379, 40%)
We broke the million mark through a combination of aggressive contributions and market gains.
Year End NW NW change2021 $1,469,460.06 $263,959
2014 $ 426,858.76
2015 $ 480,051.14 $ 53,192
2016 $ 573,296.77 $ 93,246
2017 $ 738,621.46 $165,325
2018 $ 765,895.59 $ 27,274
2019 $1,007,273.79 $241,378
2020 $1,205,500.96 $198,227
I thought it might be interesting to see (graphically) everyone who posted values recently. You should be able to edit the Y axis range to see how your progress compares to others:
https://docs.google.com/spreadsheets/d/1QLc_BgAkKqj3kIj_JYo8Sf_7XRotWfYx-7p9-W4HMRY/edit?usp=sharing
turns out @givemesunshine is my twin!
I little over 200k over the last 12 months.
Not quite as good this year at $180k. Saved more, but my investments didn't do nearly as well.
Up a ridiculous $660K this year, but a lot of that is inflated Zillow values. Investments were up $241K.
Down about $50K this year, mostly due to the Zillow value of my home becoming more reasonable. I left my full-time job and started a new venture in February 2017, so I wasn't saving nearly as much as before. Investments were up $192K.
I've been away for a while so I missed a few years. Over these last few years, the Zillow value of my home (which I know isn't really accurate anyway) has come down to a more normal level. The rest of the changes are from investments. 2018 was flat as I drew out some of my investment gains for the year as I was still in the early stages of a new venture (the rest of my investment gains helped to offset the decrease in Zillow "value" of my home). 2019 things started to pick up so investment gains of $140K were able to accumulate without much drawdown. 2020 was really a good year with an increase of $410K as I was able to start adding to my investments again and the market reached new highs. Here's to 2021!
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)
Change of $361k or 55%. Holy moly, I didn't realize that in the last week of the year we crossed the $1mm threshold!Jan 1, 2019: $419k ($284k in investments, $135k in home equity)
Jan 1, 2020: $654k ($434k in investments, $220k in home equity)
Change of $235k or 56%. This was by far our best year from an income and savings standpoint. This also encouraged me to move from being a lurker on here to actually participating :)
In our investments, we saved $78k, or 35% of our net income (take home pay, then adding back 401k contributions). We maxed out two 401k accounts, one HSA, and an ESPP. We also had an overly concentrated stock portfolio due to DW's company stock RSUs that vested during the year, and ESPP stock that we were holding until we could sell for long term cap gains tax. While I thought the company was undervalued at the beginning of the year, I didn't expect a ~60% increase in 2019, which was by far the biggest driver of our investment account increase. Finally, we refinanced our mortgage after some renovations (paid for by selling some of the company stock), so we saw a large jump in value that will not be repeated (I will just keep my appraisal value as the home value until a sale/refinancing event in the future).
I am beyond pumped, but trying to stay realistic. We are extremely unlikely to get even half as lucky in 2020, but are aiming to make up for some of that by increasing to a 45% savings rate.
Happy New Year everyone! Those are some damn impressive numbers.
Jan 1 2021 - ~50k
Jan 1 2022 - 139k (growth 89k)
2021 was my first year of applying Mustachianism. Seeing as my net worth almost tripled, I am pleased with the results, to put it lightly, especially since I have a modest income. Simply cannot wait to see this unfold.
+245K in CY 2019
As Ender noted above, the December correction (nearly a bear) makes this year's numbers look better than they would otherwise. But I'll take it.
Looks like CY 2020 is pretty much the same as 2019, with about +240K to the TNW.
About 60K of that is contributions by me and my employer, so once again the stash has made more money for me this year than employment. Even if I include my employer sponsored health insurance, my little green workers still made more money this year than I did from working. That's pretty cool. It doesn't always work out that way, of course (looking at you, 2017).
2018 - $1,176k2017 - $1,082k2012 - $295k2015 - $713k
2013 - $419k
2014 - $534k
2016 - $897k
2019 - $1,330k
2020 - $1,588k
Scarcely believable - growth of over $1,000 a day this year! Spread across a general combination of everything - shares, property, superannuation and debt repayments.
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)
2021 was great for me monetarily like many other Mustachians, but my kids are probably going to struggle more than I did at their age trying to afford their first homes (since prices on existing homes are up 10 - 20% and new supply is severely constrained)... Glad I can help then with down-payments I guess, but makes me worry about those similarly caring parents that can't.
A 2021 replay cannot be sustainable nor a situation anyone should be satisfied with...
I wonder what 2022 will bring. Will see!
https://docs.google.com/spreadsheets/d/1QLc_BgAkKqj3kIj_JYo8Sf_7XRotWfYx-7p9-W4HMRY/edit?usp=sharing
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.
Year | Net worth | Delta |
2015 | 152,800 | 30,800 |
2016 | 189,000 | 36,200 |
2017 | 219,900 | 30,900 |
2018 | 230,600 | 10,600 |
2019 | 331,500 | 100,900 |
2020 | 430,800 | 99,300 |
2021 | 640,600 | 209,900 |
Dec 2014: $554December 2018: $208K.
Dec 2015: $32.2K
Dec 2016: $100.7K
Dec 2017: $149.6K
Somehow I managed to make more and save less in 2017. Hoping to reverse that savings trend in 2018.
Did manage to increase net worth more in 2018 than 2017 - about ~58K. Goal next year is to get back in the 70-80K range. Will check back in a year.
Unfortunately, didn't hit the 70-80K goal, but I did break the quarter-mill mark last year! Currently sitting at $264K in net-assets.
2021 has been an absolute whirlwind of a year. Despite the pandemic, a cut in my income for almost half of the year, and a lack of my usual bonus, I was able to save/earn more from investments this year than I ever have in my life.
I'm ending 2020 with $424K in net assets - that's an increase of $160K in assets from the same time last year. That just feels like an absolutely unbelievable amount - I'm still in shock about how that has happened. I'm looking back at my investment contributions over the course of the last year, and I can account for ~$75K in contributions that I've made. It's possible that I've added another ~$10K or so in my cash savings. That leaves around $75K in pure investment earnings -- I'm a bit incredulous that I could make that much in investment returns, given the size of my portfolio, but my investment account summaries tend to point to a similar sum. I'm incredibly grateful for that growth and hope it will continue in the future.
To sum up, here is a summary of my financial journey to date:
Dec 2014: $554
Dec 2015: $32.2K (+31K)
Dec 2016: $100.7K (+68.5K)
Dec 2017: $149.6K (+48.9K)
Dec 2018: $208K (+58.4K)
Dec 2019: $264K (+56K)
Dec 2020: $424K (+160K)
My goal for 2021 will be to 1) cross the half-million mark in net assets and 2) match my contributions in 2020 of $85,000.
2021 Net worth increase $1985/day...saved 38% of my w2 income (12% tax bracket); which is the lowest it's been since about 2006. This should push me closer to quitting Evil Corp, but all I think is...this can't be good, top in? bubble about to burst?QuoteScarcely believable - growth of over $1,000 a day this year! Spread across a general combination of everything - shares, property, superannuation and debt repayments.
My gawd, I hadn’t thought about it this way before. I had similar growth.
Good luck!!!
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.
2006: $40K increase
2007: $112K increase
2008: $38K decrease
2009: $88K increase
2010: $70K increase
2011: $57K increase
2012: $118K increase
2013: $175K increase
2014: $174K increase
2015: $213K increase
2016: $244K increase
2017: $290K increase ($125K was increase in home value, even though I said I didn't expect RE gains to continue)
2018: $52K increase (house added another $100K in value, market dipped, and we didn't have as much new cash to invest)
2019: $273K increase (a lot better than the $170K I had forecast 12 months ago)
2020: Do I dare make a prediction? Not this time.
2020: $230K increase (wild markets + luck putting in money during the March dip)
2021 prediction: happy with any increase since I'll be FIRE'ing midway through the year
12/21 $2.7812/20 $2.43.12/16 $1.3112/19 $1.79
12/17 $1.49
12/18 $1.59
I started tracking net worth late in 2013. I'll list my beginning and ending NW for each year starting with 2014:
Year Starting Ending Change % Change
2014 $70,000 $125,000 $55,000 79%
2015 $125,000 $133,000 $8,000 6%
2016 $133,000 $171,000 $38,000 29%
2017 $171,000 $231,000 $60,000 35%
2018 $231,000 $255,000 $24,000 10%
Hit $750k for the first time yesterday. Up 43%/$229k for the year with a savings rate of 76%.
With only 19 months left on my work contract, I need to start planning what my next life looks like.
Retirement investment pots only.
(Effectively FIRE'D in 2017.)
Interesting to see the huge increases from some of the other posters.
2004 $247,000
2005 $258,583 5%
2006 $290,050 12%
2007 $389,541 34%
2008 $342,049 -12%
2009 $351,000 3%
2010 $402,000 15%
2011 $453,210 13%
2012 $499,890 10%
2013 $577,000 15%
2014 $681,150 18%
2015 $790,160 16%
2016 $809,166 2%
2017 $876,339 8%
2018 $818,475 -7%
2019 $899,859 10%
2020 $954,475 6%
2021 $1,071,840 12%
It looks like this was a particularly good year for many of us. I personally expect to look back on this in 10 years as a bit of an outlier for growth and having been lucky enough to have been in the market at a good time rather than any smart play by me beyond just steady investing. This was also a year that really reinforced that it takes money to make money. For friends who are younger and have less to build a financial cushion, the last year was not as kind and they more or less treaded water against inflation, particularly in cost of housing which increased much faster than their income. So, even though this was a good year in the "present I give myself" category that allowed me to reach coastFI mode, it has also brought a reminder of humility.
It looks like this was a particularly good year for many of us. I personally expect to look back on this in 10 years as a bit of an outlier for growth and having been lucky enough to have been in the market at a good time rather than any smart play by me beyond just steady investing. This was also a year that really reinforced that it takes money to make money. For friends who are younger and have less to build a financial cushion, the last year was not as kind and they more or less treaded water against inflation, particularly in cost of housing which increased much faster than their income. So, even though this was a good year in the "present I give myself" category that allowed me to reach coastFI mode, it has also brought a reminder of humility.
I agree this last decade looks to be a bit outrageous as far as growth goes. Just the other day I had a friend who asked me what he should do to "be like me"*
My natural reaction is to tell him to do what I did and invest everything he has in a stock market index fund. The trouble is of course the short to medium term outlook appears to be very toppy and I honestly hesitate to provide the standard recommendation, particularly as this guy is not making much more than he needs to live and psychology being what it is.. if he invests now chances are the market will go down 20+% over the next year or so and he will probably sell somewhere near the bottom!
I am just thankful I did what I did when I did.
*... I don't think he was talking about my irresistability to the opposite sex?..:)
So tallying up my investments and expenses for 2021, my net worth (excluding any appreciation in my primary residence) increased by 7x my annual expenses. Yay! On the downside, that 6.8% inflation eroded away more purchasing power than my entire pre-tax salary in 2021. D'oh!This is the best and most mustachianly correct way to report this. Congrats on the first part, that’s amazing, and sorry about the inflation, heh.
[logged back into MMM after taking a few years away]I was thinking the same thing as I scanned the January posts, lol. As long as people don't panic, they'll be fine. Welcome back!
Reading this thread from January was great, but I don't think the 'NW increase 2022' thread is going to be as joyful LOL :)
[logged back into MMM after taking a few years away]
Reading this thread from January was great, but I don't think the 'NW increase 2022' thread is going to be as joyful LOL :)
[logged back into MMM after taking a few years away]I was thinking the same thing as I scanned the January posts, lol. As long as people don't panic, they'll be fine. Welcome back!
Reading this thread from January was great, but I don't think the 'NW increase 2022' thread is going to be as joyful LOL :)
Retirement investment pots only.
(Effectively FIRE'D in 2017.)
Interesting to see the huge increases from some of the other posters.
2004 $247,000
2005 $258,583 5%
2006 $290,050 12%
2007 $389,541 34%
2008 $342,049 -12%
2009 $351,000 3%
2010 $402,000 15%
2011 $453,210 13%
2012 $499,890 10%
2013 $577,000 15%
2014 $681,150 18%
2015 $790,160 16%
2016 $809,166 2%
2017 $876,339 8%
2018 $818,475 -7%
2019 $899,859 10%
2020 $954,475 6%
2021 $1,071,840 12%
For 2021, total gains were around 450K (750K to 1200K). Real estate gains were around 380K, 43K for stocks and another 27K of savings that went into retirement accounts. For 2021, total gains were around 450K.
For 2021, I started my transition into more of a spender. However, I'm not buying stuff, it's more on travel and experiences.
1. 3 trips to Florida to see parents (Jan - March)
2. 6 week trip to Kauai (June)
3. 2 week trip to midwest to see family, which included 1 week in Ely, MN (beautiful)
4. Two snowboard passes. Epic local pass for $550 and Monarch Mountain pass for $450. Aiming for 40 to 50 days of snowboarding.
5. Season pass for golf for $525. They still charge you $11 for each 18 holes. I think I need 32 rounds to break even from the regular rate.
I’m on track to just barely beat my savings goal that I changed from $100/day to $110/day for 2022, so I will have saved just over $40k this year, but NW is looking like up just over $30k because of the market. Frankly I’m glad prices are down this year and hope we get a fairly extended lower market so I can pile in the money while it’s down for once. I really haven’t paid nearly as much attention to NW as savings and savings rate, it was easier to be motivated to set personal savings records than work towards a net worth goal in a falling market. Final numbers to come by the new year
* 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 :)
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.
December 2021: $606,664 (up $214,413)
2018 - $65k
2019 - $92k (+$27k +42%)
2020 - $146k (+$54k +59%)
This is just what's shown in Personal Capital.
On top of that we've got equity in vehicles which has been fairly steady around $10-12k.
I've also got a business that's got about $10k on the balance sheet between cash and inventory (not included above), most of that added in 2020. Also have some short-term investments outstanding of another $5-6k and about $4k in a government pension I'll be withdrawing when I leave my current job.
End of 2013: 27K
End of 2014: 41K
End of 2015: 78K
End of 2016: 120K
End of 2017: 199K
End of 2018: 241K
End of 2019: 315K
End of 2020: 386K
End of 2021: 493K -- Increase of 107K or 27%.
Not bad at all this year! Increased our overall debt level and still did OK here. 18x the NW we had 8 years ago.... wow!
* 2021 - 102% <--- FIREd late December
* 2022 - 81% <--- back to work in September
We found out something important this year. When we have nothing but time, we like to do more things, and those things cost more money than we thought they would. So I think rather than a "get us the hell out of here Lean-FIRE" we're going to pad things a bit more for round 2. It was a learning lump, but not a horrible one, and hot damn it was a magnificent 8 months off.
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
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
This year was a tough slog. But overall, zero to a mil in 10 years.
2013 - $0
2014 - $68K
2015 - $152K
2016 - $238K
2017 - $350K
2018 - $420K
2019 - $560K
2020 - $744K
2021 - $962K
2022 - $1.02M
Years to FIRE - 1.75
December 1, 2015 - NW $178k
December 1, 2016 - NW $247k (increase $69k)
December 1, 2017 - NW $323k (increase $76k)
December 1, 2018 - NW $391k (increase $68k)
December 1, 2019 - NW $495k (increase $104k)
Jan 1, 2021 - NW $610k (increase $115k)
Jan 1, 2022 - NW $892k (increase $282k)
A good chunk of this year's increase is home equity, because I'm in an area where property values are going especially crazy. Even if I eliminate home equity/mortgage, though, we're still up $131k from last year. Not too shabby!
Down 16% in 2022. 2021 was up 46%.
It'd look better if we weren't paying uncle sam too many dollars this year (like... way too many dollars) to ensure we'd hit safe harbor if my RSUs were worth this year what they were last year. At one point the stock was worth about 5% of 2021 share price, so... yeah. Way way way too many dollars to the fed. We'll get them back in April at least.
Does not include any housing appreciation, because zillow isn't accurate enough to be relevant to major life decisions, like "can we FIRE?"
12/22 $2.85 I'm not sure how we managed to go up other than one kid didn't go to college in the fall, one kid graduated in June and is now paying us rent $, and we have more real estate and conservative investments than most others on the forum. DH is still working, and I will go back to work PT again in April 2023 so we may only have to work 2 more years? DH says he's never retiring now, but who knows. He might want to start his own company. His new company is going well, but it's crazy hours! 2023 will be a year of "enough". I need to work so I can afford a loan to bridge my access to the 401(k) $ from my employer while we build a house (or 6).12/21 $2.7812/20 $2.43.12/16 $1.3112/19 $1.79
12/17 $1.49
12/18 $1.59
DH switched jobs during 2021, and his base salary is going to be MUCH lower for 2022. Stock options in 2 years should change that whole scenario, but we will have 2 OOS tuitions and 1 Stanford semester to pay for with no financial aid. Living the dream! Working to pay tuition! 2022 was our original FIRE date, but it looks like DH will be working at least 3 more years since I worked 3 less years. 2022 will be the year of treading water.
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.
*Years with +20% returns*
"I'm such a good investor. I should be able to hit FI earlier than I thought because I'm a badass genius :D"
*Years with -15% return*
"well this isn't representative of a typical year, so it doesn't really count..."
A few of my friends (not on this forum, but still self-directed investors) we'd talk a lot about the market through 2020 & 2021, and everyone is patting themselves on the back.
This year I'm getting a lot of 'I dunno, I'm not really checking my portfolio' lol
Just an observation of human nature...
*Years with +20% returns*
"I'm such a good investor. I should be able to hit FI earlier than I thought because I'm a badass genius :D"
*Years with -15% return*
"well this isn't representative of a typical year, so it doesn't really count..."
A few of my friends (not on this forum, but still self-directed investors) we'd talk a lot about the market through 2020 & 2021, and everyone is patting themselves on the back.
This year I'm getting a lot of 'I dunno, I'm not really checking my portfolio' lol
Just an observation of human nature...
Hey! How can you see me through the internet?
2022 - $2,143k2021 - $1,958k2018 - $1,176k2017 - $1,082k2012 - $295k2015 - $713k
2013 - $419k
2014 - $534k
2016 - $897k
2019 - $1,330k
2020 - $1,588k
...
2022 - $2,143k
Never in my dreams did I think I'd get here. But here we are. It's nice to see many of you "old timers" from the early days of MMM still updating here too. I haven't been around much lately, I guess the "vibe" of FIRE hasn't resonated for a while. The whole concept has been bastardised... all I see in online blogs and facebook groups is people asking "I want to be rich and retire ASAP". There's no purpose or meaning behind it anymore, and there's no MMM to punch people in the face.
I'm definitely spending more, eating out a bit more, splurging on business class flights (dear god, what have I become). You would think running is a cheap hobby, but nooooo it comes with shoes every few months, destination events, garmins and gear, gels and hydralyte... on it goes. It makes me happy, so I don't care burning $$$ on it.
...
...
2022 - $2,143k
Never in my dreams did I think I'd get here. But here we are. It's nice to see many of you "old timers" from the early days of MMM still updating here too. I haven't been around much lately, I guess the "vibe" of FIRE hasn't resonated for a while. The whole concept has been bastardised... all I see in online blogs and facebook groups is people asking "I want to be rich and retire ASAP". There's no purpose or meaning behind it anymore, and there's no MMM to punch people in the face.
I'm definitely spending more, eating out a bit more, splurging on business class flights (dear god, what have I become). You would think running is a cheap hobby, but nooooo it comes with shoes every few months, destination events, garmins and gear, gels and hydralyte... on it goes. It makes me happy, so I don't care burning $$$ on it.
...
Let me be the first to formally invite you to the country club thread (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-$2m-to-$3m/msg1432786/#msg1432786)! Your custom jacket and accoutrements are in the mail ;)
Although it didn’t start very well in the first part of the year, I finished strong in 2022…
+ £411k YoY or a 13.5%
4Q12 - £210k
4Q13 - £616k
4Q14 - £1,019k
4Q15 - £1,285k
4Q16 - £1,509k
4Q17 - £1,738k
4Q18 - £1,915k
4Q19 - £2,275k
4Q20 - £2,580k
4Q21 - £3,033k
4Q22 - £3,444k
Despite the market downturn in 2022, our investments have done well as I had rebalanced my portfolio towards the FTSE100 (which finished up 3% in 2022) and had also heavily invested in Big Oil and Commodities when they bottomed out during covid (and held up until now). This was an educated decision but let’s face also very lucky one.
I want to play!
31 Dec 2010: $85,203
31 Dec 2011: $106,303 (Δ $21,100)
31 Dec 2012: $144,111 (Δ $37,808)
31 Dec 2013: $212,510 (Δ $68,399)
31 Dec 2014: $264,836 (Δ $52,326)
31 Dec 2015: $299,579 (Δ $34,743)
31 Dec 2016: $371,611 (Δ $72,032)
31 Dec 2017: $496,452 (Δ $124,841)
31 Dec 2018: $528,285 (Δ $31,833)
31 Dec 2019: $706,933 (Δ $178,648)
31 Dec 2020: $914,880 (Δ $207,947)
31 Dec 2021: $1,135,245 (Δ $220,365)
I want to play!
31 Dec 2010: $85,203
31 Dec 2011: $106,303 (Δ $21,100)
31 Dec 2012: $144,111 (Δ $37,808)
31 Dec 2013: $212,510 (Δ $68,399)
31 Dec 2014: $264,836 (Δ $52,326)
31 Dec 2015: $299,579 (Δ $34,743)
31 Dec 2016: $371,611 (Δ $72,032)
31 Dec 2017: $496,452 (Δ $124,841)
31 Dec 2018: $528,285 (Δ $31,833)
31 Dec 2019: $706,933 (Δ $178,648)
31 Dec 2020: $914,880 (Δ $207,947)
31 Dec 2021: $1,135,245 (Δ $220,365)
31 Dec 2022: $1,017,095 (Δ -118,150). I saved $19,777, and the rest was market adjustment ;)
At one point I was down $200k. It was all very fascinating to watch. I'm still inside those golden handcuffs, but I'm now 1500 days (50 months) from the trigger date for my cliff pension and things are starting to feel a lot more real. Just gotta keep my nose clean, and not crash a ship of the line into anything it's not ordered to crash into. Easy!
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.
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.
Dec 2019: $1,030,547
Dec 2020: $1,355,244 (+$324,697)
Dec 2021: $1,778,865 (+$423,621)
Dec 2019: $1,030,547
Dec 2020: $1,355,244 (+$324,697)
Dec 2021: $1,778,865 (+$423,621)
May 2023: $1,900,474
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.
So I don't post much (at all) on these forums, but I'm a regular reader. As I posted our net worth update last year when it was a crazy good year, I felt it was only fair to come back and post again in a down year.
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)
2022 $2,287k $(193)k (single income and house and share market decreases)
As expected, our net worth reduced in 2022. We anticipated this due to spouse leaving a crazy high income job to start a business. It was originally going to be a consulting business but we made a pivot to create a SaaS business and have invested the last year in designing and developing the software. We will do closed group beta testing in Q1 2023 with a launch in Q2. We don't expect much in the way of income from the SaaS business in 2023 but would like to see evidence that the market is out there and they can find and want to use our solution. I took on a 6 month contract role mid-year to give us some stability of income. My contract position has been extended to October 2023, so we have some certainty of income but being contract all it takes is 1 week's notice and I'm out. The asset levels we have built up over the last decade have allowed us to take this risk. Worst case scenario is we both keep working longer. Onwards and upwards.
My 2023 financial goals are to increase Net worth by $250k+ and to have a household gross income (incl. business net profits before tax) of $400k+.
EOY....
2014- $84
2015- $160
2016- $308
2017- $445
2018- $521
2019- $718
2020- $800
2021- $1020*
Wowza.
*baring any crazy market slide this afternoon
For 2023 we're up $225k from our previous high. That's measured using my high from Jan 4, 2022. If I'd used net worth at end of 2022 (which was lower) my 2023 increase would have been higher but I'm just looking at "net" net worth increase. Not going to give myself an extra pat on the back just because 2022 sucked.
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
This year was a tough slog. But overall, zero to a mil in 10 years.
2013 - $0
2014 - $68K
2015 - $152K
2016 - $238K
2017 - $350K
2018 - $420K
2019 - $560K
2020 - $744K
2021 - $962K
2022 - $1.02M
Years to FIRE - 1.75
For 2023 we're up $225k from our previous high. That's measured using my high from Jan 4, 2022. If I'd used net worth at end of 2022 (which was lower) my 2023 increase would have been higher but I'm just looking at "net" net worth increase. Not going to give myself an extra pat on the back just because 2022 sucked.
Annual increase is one statistic, increase above previous high is another. Both deserve pats on the back. You're doing great!
In mid-2021 we bought a business so a fair amount of our cash (including cashing out some retirement investments) is now tied up in that. That coincided with leaving a regular job with a 401k so most retirement savings stopped. Cash in the business could get a far higher return than a passive investment in the stock market so we've kept most money in the business instead of pulling it out to put into retirement savings. The first number is just cash (checking/savings) and investments in retirement accounts (no real estate, not counting value of vehicles, etc.).
2018 - $65k
2019 - $92k (+$27k +42%)
2020 - $146k (+$54k +59%)
2021 - $149k (with business equity - $243k)
2022 - $131k (with business equity - $252k)
$329,837
That's insane. $81,301 in contributions (I got a retention bonus this year), and a 48% savings rate.
My favorite thing about this is that after a few years, you get to build some really pretty graphs that show this shit works.
For example:
December 1, 2015 - NW $178k
December 1, 2016 - NW $247k (increase $69k)
December 1, 2017 - NW $323k (increase $76k)
December 1, 2018 - NW $391k (increase $68k)
December 1, 2019 - NW $495k (increase $104k)
Jan 1, 2021 - NW $610k (increase $115k)
Jan 1, 2022 - NW $892k (increase $282k)
Jan 1, 2023 - NW $860k (down $32k)
December 30, 2023 - NW $1.057M (increase $197k)
ALL NW numbers exclude house value (house is paid off)
End 2013: about $822000
End 2014: about $1015000 -> Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total
12/6/16: about $1,125,000
FIREd 7/2/2015
12/20/16: about $1,150,000
12/30/17: about $1,333,000 - Using the actual numbers - up about $184K in 2017
12/31/18: about 1,260,000 - DOWN about $73K in 2018
12/19/19: about 1,600,000* - UP about $340K* (amplified by the dip at the end of 2018)
UP about $510K* since retiring.
**12/31/19: about $1,620,000 - crazy.
** updated due to market move. And I discovered an error in my spreadsheet such that one account wasn’t included in my total.
1/1/2021: $1,933,000 - WUT?
- Up about $313K
- Up over $820K since retiring 7/2015
UPDATE 2021:
Well, the market giveth, and the market GIVETH EVEN MORE!
12/31/21: : $2,317,000 - UP $384K. Money has more than doubled since I have retired. Go little green soldiers, GO!
EOY Networth (US$)
2011 -50k
2012 -41k
2013 -10k
2014 33,726
2015 90,497
2016 146,590
2017 224,985
2018 282,015
2019 381,913...downshifted to halftime in the fall.
2020 495,309
2021 591,399
2022 585,889...started including the value of my PTO bank
2023 738,911
Up $153,022 for the year. My largest calendar increase to date!
Miscellaneous tidbits:
Income: $85,652.10
Spend: $22,869.15 (excluding taxes)
Avg 30hr/wk at work.
61.4% gross SR
69.7% net SR
Earnings should add about $54/mon to FRA SS.
Great year. Hope it carries into the new one.
ALL NW numbers exclude house value (house is paid off)
End 2013: about $822000
End 2014: about $1015000 -> Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total
12/6/16: about $1,125,000
FIREd 7/2/2015
12/20/16: about $1,150,000
12/30/17: about $1,333,000 - Using the actual numbers - up about $184K in 2017
12/31/18: about 1,260,000 - DOWN about $73K in 2018
12/19/19: about 1,600,000* - UP about $340K* (amplified by the dip at the end of 2018)
UP about $510K* since retiring.
**12/31/19: about $1,620,000 - crazy.
** updated due to market move. And I discovered an error in my spreadsheet such that one account wasn’t included in my total.
1/1/2021: $1,933,000 - WUT?
- Up about $313K
- Up over $820K since retiring 7/2015
UPDATE 2021:
Well, the market giveth, and the market GIVETH EVEN MORE!
12/31/21: : $2,317,000 - UP $384K. Money has more than doubled since I have retired. Go little green soldiers, GO!
2022 place marker. Well, apparently I never summed up EOY 2022 NW. Pretty sure I was down about $30-35K, nothing frightening.
UPDATE 2023:
12/31/23 : $2415780 - UP about $98K. Go go gadget money!
Dec 31, 2012 -($33,302)
Dec 31, 2013 -($20,162) +13,140
Dec 31, 2014 $15,333 +35,495
Dec 31, 2015 $38,330 +22,997
Dec 31, 2016 $62,995 +24,665
Dec 31, 2017 $106,827 +43,833
Dec 31, 2018 $138,312 +31,484
Dec 31, 2019 $196,500 +58,189
Dec 29, 2020 $254,500 +58,000
Dec 28, 2021 - $327,000 +72,500
ALL NW numbers exclude house value (house is paid off)
End 2013: about $822000
End 2014: about $1015000 -> Change: about $193000
Finally did some work to update my tracking sheets I just started this year. The above does not include house in the total
12/6/16: about $1,125,000
FIREd 7/2/2015
12/20/16: about $1,150,000
12/30/17: about $1,333,000 - Using the actual numbers - up about $184K in 2017
12/31/18: about 1,260,000 - DOWN about $73K in 2018
12/19/19: about 1,600,000* - UP about $340K* (amplified by the dip at the end of 2018)
UP about $510K* since retiring.
**12/31/19: about $1,620,000 - crazy.
** updated due to market move. And I discovered an error in my spreadsheet such that one account wasn’t included in my total.
1/1/2021: $1,933,000 - WUT?
- Up about $313K
- Up over $820K since retiring 7/2015
UPDATE 2021:
Well, the market giveth, and the market GIVETH EVEN MORE!
12/31/21: : $2,317,000 - UP $384K. Money has more than doubled since I have retired. Go little green soldiers, GO!
2022 place marker. Well, apparently I never summed up EOY 2022 NW. Pretty sure I was down about $30-35K, nothing frightening.
UPDATE 2023:
12/31/23 : $2415780 - UP about $98K. Go go gadget money!
Kicking butts and taking names G-dog!!! Time to start planning some fancy vacations (;
Excluding paid for home and spouse's assets:
1/1/2015 - ($62,000)
1/1/2016 - ($11,622.00)
1/1/2017 - $43,708.00
1/1/2018 - $113,000.00
1/1/2019 - $100,144.66 (-4.76%)
1/1/2020 - $182,677.98 (+82.68%)
1/1/2021 - $364,367.91 (+99.46)
1/1/2022 - $692,149.26 (+89.96%)
1/1/2023 - $501,248.42 (-27.58%)
Two record setting years in a row for me. I liked the last one a bit more though.
Bitcoin giveth and taketh away.
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)
End of 2013: 27K
End of 2014: 41K
End of 2015: 78K
End of 2016: 120K
End of 2017: 199K
End of 2018: 241K
End of 2019: 315K
End of 2020: 386K
End of 2021: 493K
End of 2022: 478K -- Decrease of 15K or 3%.
So while we still put plenty into the markets this year, savings went from 383K to 326K. Oof, our first down year since I started tracking NW and Retirement assets. Oh well, we still ended the year with less debt than last year, and we'll march on. Maybe if we're lucky we'll cross the 500K mark this year.
12/23 $3.11- 1.5 kids in out-of-state college (one started in 6/23, and one went only 2 quarters). I brought in $47K after tax with my part-time employer, which was exactly the tuition costs of 2023! The last of DH’s prior employer money came through in vesting in December, so we include that $ in our net worth now. (I didn’t want to count the chicken before it hatched. Another person had theirs pulled in 2022, so I was nervous since we weee using that money for tuition.)12/22 $2.85 I'm not sure how we managed to go up other than one kid didn't go to college in the fall, one kid graduated in June and is now paying us rent $, and we have more real estate and conservative investments than most others on the forum. DH is still working, and I will go back to work PT again in April 2023 so we may only have to work 2 more years? DH says he's never retiring now, but who knows. He might want to start his own company. His new company is going well, but it's crazy hours! 2023 will be a year of "enough". I need to work so I can afford a loan to bridge my access to the 401(k) $ from my employer while we build a house (or 6).12/21 $2.7812/20 $2.43.12/16 $1.3112/19 $1.79
12/17 $1.49
12/18 $1.59
DH switched jobs during 2021, and his base salary is going to be MUCH lower for 2022. Stock options in 2 years should change that whole scenario, but we will have 2 OOS tuitions and 1 Stanford semester to pay for with no financial aid. Living the dream! Working to pay tuition! 2022 was our original FIRE date, but it looks like DH will be working at least 3 more years since I worked 3 less years. 2022 will be the year of treading water.
Thanks for all the inspiration!
After doing the annual NW review, discovered that during the six years between 2017 and 2023, NW increased 1 million dollars (/Dr Evil Voice)
Not too shabby. It's amazing how much you can save and invest once you are free of debt.
Thanks for all the inspiration!
After doing the annual NW review, discovered that during the six years between 2017 and 2023, NW increased 1 million dollars (/Dr Evil Voice)
Not too shabby. It's amazing how much you can save and invest once you are free of debt.
Year Starting Ending Change % Change
2014 $70,000 $125,000 $55,000 79%
2015 $125,000 $133,000 $8,000 6%
2016 $133,000 $171,000 $38,000 29%
2017 $171,000 $231,000 $60,000 35%
2018 $231,000 $255,000 $24,000 10%
2019 $255,000 $273,000 $18,000 7%
2020 $273,000 $373,000 $100,000 36%
2021 $373,000 $640,000 $235,000 71%
2022 $640,000 $638,700 -$1,300 -0.2%
2023 $638,700 $905,900 $267,200 42%
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.
Overdue for an update...
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)
1/1/2022 ~ $445,000 (+$109,000)
1/1/2023 ~ $417,000 (-$28,000)
Despite the drop, still happy to be up almost $100k compared to 2 years ago, and continuing to max out contributions. Looking at my balances last week, I was actually a hair above my 1/1/2022 number, so hopefully 1/1/2024 will show a new high-water mark!