Author Topic: Net worth increase in 1 year  (Read 2909 times)

Jags4186

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Net worth increase in 1 year
« on: January 26, 2015, 02:27:20 PM »
My net worth went from $154,000 on February 1, 2014 to $221,000 as of today.  That's a 67k increase...and that includes me making an incredibly sucka consumer $8300 purchase along the way.

I'm feeling pretty good considering my W2 shows I made 77k in 2014.

Singularity

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Re: Net worth increase in 1 year
« Reply #1 on: January 26, 2015, 02:52:17 PM »
Very nice job.  How did you do it?  Tax Refund and/or side job?

Financial.Velociraptor

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Re: Net worth increase in 1 year
« Reply #2 on: January 26, 2015, 02:59:52 PM »
Gogogogogogogo!

Jags4186

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Re: Net worth increase in 1 year
« Reply #3 on: January 26, 2015, 05:25:05 PM »
Very nice job.  How did you do it?  Tax Refund and/or side job?

Investment returns accounted for about 30k, I stashed away about 30k, and my 401k match accounted for about 4k, and I paid down around 6k of my car loan.

kpd905

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Re: Net worth increase in 1 year
« Reply #4 on: January 26, 2015, 05:51:36 PM »
Just consulted my spreadsheet:

Networth on January 7th, 2014: -$38,141
Networth on January 7th, 2015: $22,641

For an increase of $60,782.  A lot of that was student loan repayment, but also maxed out the 401k and got a pretty big employer contribution.

NewStachian

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Re: Net worth increase in 1 year
« Reply #5 on: January 27, 2015, 05:47:54 AM »
One of my favorite parts of the new year is sitting down with my financial spreadsheet and a gourmet home-made latte from my free hand-me-down espresso machine to tally up the successes of 2014.

I'm more comfortable posting percentages, so 2014 was a 36% year for me.

leherself

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Re: Net worth increase in 1 year
« Reply #6 on: February 02, 2015, 05:23:18 PM »
Not quite as impressive, but if you look at my January 2014 net worth (approx. -$36k), to January 2015 (approx. +$8k) I don't think I did *too* badly last year.  I made about $70k.

Even bigger better plans for this year - I'm buying a house much closer to work, which will hopefully allow me to sell my car and start biking to work again.  The car sale alone will eliminate all of my remaining debt (well, except for the mortgage), and shift my net worth needle by about 20k, and that's before even factoring in things like insurance, gas, fitness benefits of biking, etc.  The house itself also isn't any more expensive than the place that I've been renting, but as I'll now have extra bedrooms and live in a touristy area, I also plan on starting an airbnb side hustle.  Should be interesting :)