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General Discussion => Share Your Badassity => Topic started by: Zaga on December 31, 2012, 08:13:35 PM

Title: Net worth increase in 2012!
Post by: Zaga on December 31, 2012, 08:13:35 PM
I thought I'd share here, our net worth increased in 2012 by $51,000!  That's the best year yet for us!  I count investible assets only, not cars or houses which I consider consumption items in my calculations.  So this is a combination of increased savings and decreased debt.

How did others do?  Anyone else with a personal best year?
Title: Re: Net worth increase in 2012!
Post by: Will on December 31, 2012, 08:15:45 PM
Just under $40k here.
Title: Re: Net worth increase in 2012!
Post by: Melissa on December 31, 2012, 08:18:37 PM
We reached $50K here.  Now that I am working part-time (was a SAHM before) we are hoping to boost that number in 2013.

Congrats on the savings Zaga and Will
Title: Re: Net worth increase in 2012!
Post by: directionseeker on December 31, 2012, 11:24:12 PM
I paid off 12K of student loan in 2012. Is this considered net worth increased by 12K?
Title: Re: Net worth increase in 2012!
Post by: gooki on January 01, 2013, 12:16:40 AM
Somewhere between 20-30k this year. Not our best ever, but still happy as this was our second year of being a one income family.
Title: Re: Net worth increase in 2012!
Post by: Hamster on January 01, 2013, 01:01:21 AM
I paid off 12K of student loan in 2012. Is this considered net worth increased by 12K?

Probably yes, with caveats. Net worth is assets minus liabilities (e.g. savings minus debt). If you reduced your student loan principal by $12k using new income, then it's basically a 12k increase in net worth. If you paid your principal down by $8k, and the other $4k went to interest payments, then you'd only increase your net worth by $8k. So, I'd look at your outstanding balance on Jan 1st and Dec 31st to see how much those payments increased your net worth.

To take an extreme opposite example, if you took $12k from your savings and paid $12k toward interest on your student loan as it accrued, so your total principal owed at the end of the year was the same, but your savings was $12k less, then it would be a decrease of $12k in net worth.
Title: Re: Net worth increase in 2012!
Post by: directionseeker on January 01, 2013, 01:55:04 AM
I paid off 12K of student loan in 2012. Is this considered net worth increased by 12K?

Probably yes, with caveats. Net worth is assets minus liabilities (e.g. savings minus debt). If you reduced your student loan principal by $12k using new income, then it's basically a 12k increase in net worth. If you paid your principal down by $8k, and the other $4k went to interest payments, then you'd only increase your net worth by $8k. So, I'd look at your outstanding balance on Jan 1st and Dec 31st to see how much those payments increased your net worth.

To take an extreme opposite example, if you took $12k from your savings and paid $12k toward interest on your student loan as it accrued, so your total principal owed at the end of the year was the same, but your savings was $12k less, then it would be a decrease of $12k in net worth.

Thanks for the explanation. This $12K went into principal, interest paid was $600 which I excluded for net worth calculation.

Anyway, my target is finish up the remaining $11.4K principal in 6 months(before July 2013)!
Title: Re: Net worth increase in 2012!
Post by: marty998 on January 01, 2013, 03:08:30 AM
Up 78k for me. Sweet
Title: Re: Net worth increase in 2012!
Post by: Ozstache on January 01, 2013, 03:33:05 AM
$47K for me for 2012. With my new-found badassity skills, I'm aiming for over $70K to stash away this year.
Title: Re: Net worth increase in 2012!
Post by: arebelspy on January 01, 2013, 09:38:35 AM
Up about 90k.

Considering our base gross pay as teachers is about 86k combined, I'm pretty happy with it.  (Basically we covered our living expenses with extra tutoring, summer school, and some rental profits and saved all of our "normal" income.)

Wouldn't mind improving on it, but it'll be tough to do.
Title: Re: Net worth increase in 2012!
Post by: mugwump on January 01, 2013, 10:30:20 AM
Up $83k.  Up $322k in the four years since I "retired". A lot of that was due to fortuitous rebalancing shortly after the market low in early 2009.
Title: Re: Net worth increase in 2012!
Post by: plantingourpennies on January 01, 2013, 12:34:10 PM
Wouldn't mind improving on it, but it'll be tough to do.

Same here, would love to improve on our figure next year but not sure how we could.
Title: Re: Net worth increase in 2012!
Post by: AlexK on January 01, 2013, 12:52:35 PM
Net worth up $76,368 in 2012.

What really makes me happy about that is my salary is less than that, so my other income is paying my expenses plus some. I have 4 properties and I get their values from zillow, which is not accurate but it's the best I have.
Title: Re: Net worth increase in 2012!
Post by: smalllife on January 01, 2013, 01:17:36 PM
9k increase in cash/investments on an income of 30k.

Not included in those numbers were a home purchase and major renovation - net positive overall but I haven't decided how to best count those figures yet. 

2013 goal: 15k (income should go up to around 35k)

 I can't decide whether the numbers on this thread are depressing or inspiring.

EDIT: I like the way some people are including percentages.  This represents an overall 30% increase in total net worth, housing excluded. For 9 months of full time employment that's not too shabby :-)
Title: Re: Net worth increase in 2012!
Post by: twinge on January 01, 2013, 02:49:12 PM
Up just a tad over 100K increase this year.  2nd best year (our best was between 2008-2009, but that was after a big drop).  Glad to see we can do it with two young kids in high COL area with decent but not outrageously high incomes because it makes it more likely we'll be able to live on a lot less when we move somewhere cheap and our youngest is out of daycare.
Title: Re: Net worth increase in 2012!
Post by: Devils Advocate on January 01, 2013, 03:27:39 PM
141,000 & change
Gross income with wife 210k

Not a bad year!

DA
Title: Re: Net worth increase in 2012!
Post by: happy on January 01, 2013, 04:12:13 PM
98k for me. Will be hard to replicate next year since I'm now semi-retired - will be aiming for 70k.
Title: Re: Net worth increase in 2012!
Post by: Phoebe on January 01, 2013, 04:33:13 PM
$212,081.70 here!!!  I can't even believe I'm typing that!

My husband and I are 28 and last year made a combined income of $170,000 (pre-tax) but got raises at the end of the year and will be making $200,000 next year.  This probably won't happen again since I got a large chunk of company stock at the beginning of the year as compensation, but on the other hand, Ive never had this kind of money invested before and it's pretty shocking watching our networth increase at a steady climb each month.

BTW - we were in $65,000 of debt just a few short years ago.  Once you change it's amazing what you can accomplish so anyone still in debt, don't get down, you can get to the other side and start growing your wealth very quickly!
Title: Re: Net worth increase in 2012!
Post by: Nancy on January 01, 2013, 06:30:00 PM
Up about 90k.

Considering our base gross pay as teachers is about 86k combined, I'm pretty happy with it.  (Basically we covered our living expenses with extra tutoring, summer school, and some rental profits and saved all of our "normal" income.)

Wouldn't mind improving on it, but it'll be tough to do.

That's impressive! Well done!
Title: Re: Net worth increase in 2012!
Post by: Able was I ERE on January 02, 2013, 03:38:36 AM
Up 106% of net income, our personal best.  By source of increase:
  - 49% Mortgage pay down
  - 31% Market increases
  - 25% Retirement contributions (including employer match)
  - 1% Misc (student loan pay down, cash increase)

For next year, would be happy if we match our best, but I suspect we'll fall short unless the market has a big jump.
Title: Re: Net worth increase in 2012!
Post by: galaxie on January 02, 2013, 07:36:36 AM
Ours is up $123k, which is more than my pre-tax salary.  Means that we basically lived off what my husband made, while investing or paying off debt with all of mine (also made a little bit on investments).  I feel pretty good about that!
Title: Re: Net worth increase in 2012!
Post by: chicagomeg on January 02, 2013, 07:51:08 AM
Ours is up about $15k. Next year I'll be working full time the entire year and my goal is a more ambitious $50k.
Title: Re: Net worth increase in 2012!
Post by: ketchup on January 02, 2013, 08:34:00 AM
Up about $7K this year, not including buying a car (cash for $1000) and a house (five year payment with 20% down), with a total gross income of about $27K.  Not too bad for 21 and no degree yet, if I do say so myself.
Title: Re: Net worth increase in 2012!
Post by: Bakari on January 02, 2013, 08:38:41 AM
$17,606

But this is on an income of only 34k, so i'm quite happy with it
Title: Re: Net worth increase in 2012!
Post by: destron on January 02, 2013, 08:55:23 AM
Total gains: $35,646
-- ($14,076 pay down of debt including mortgage, $21,570 savings and investments)

Income: $65,200 (net)

Savings Rate: 51.5%

It is breathtaking looking at those numbers, but I feel so wasteful. I could be doing much, much better in my opinion. I spend way too much on my car, way too much on food/restaurants and way too much on crap I don't really need. I am planning on changing my entire work and living situation this year so I cannot predict what my income and savings will be, but I know that if I did not change my situation that I could do at least 10% better without much effort.
Title: Re: Net worth increase in 2012!
Post by: frugalman on January 02, 2013, 11:44:18 AM
I don't keep enough data to figure this out.  But it's definitely up.  Guessing $50,000, on one income of $109,000.  Just finished paying off my mortgage.  My money is starting to work exclusively for me!  I'm proud of all the MMM community.  You've taken the namby pamby mainstream "you need to save 10 percent of your income" to a whole new level.  Look at a guy like Bakari who saved 50% of his income of $34,000.  The thing is, he is further along than someone with 5 times his income, who is only saving 10%.  Bakari only needs $17,000 a year to live on, as he proved in 2012.  Therefore, he has saved one year of "not working", and could sit on his ass for one year with no worries!
Title: Re: Net worth increase in 2012!
Post by: TLV on January 02, 2013, 12:07:13 PM
About $91k here. $80k from savings on a net income of $114k, and $11k from investment returns.

I expect to beat it this year, mostly because net worth is more than double what it was last year so investment returns have a lot more potential.
Title: Re: Net worth increase in 2012!
Post by: mustachecat on January 02, 2013, 02:28:54 PM
We're up $27K.

Pumped to do better in 2013!

Title: Re: Net worth increase in 2012!
Post by: sol on January 02, 2013, 02:44:58 PM
Up $116,400, not counting real estate.  Next year won't be as good, due to tax increases and a new baby.
Title: Re: Net worth increase in 2012!
Post by: iamsoners on January 02, 2013, 02:50:24 PM
58k for us. Just about half of gross income. 

The major contributor in our case was pumping 401k contributions way up--not having to pay those taxes up front was a big boost.  BUT, it caused the growth of our cash stash to slow--something that's important to us as we prepare to put a large downpayment on a house.  We'll ease off on the 401k contributions in 2013 (I expect our taxes to be much lower so the need to avoid them isn't as important) and re-evaluate after the major life changes of this year are over.
Title: Re: Net worth increase in 2012!
Post by: flygirl on January 02, 2013, 02:52:34 PM
Around 16k for me alone, similar salary range to Bakari, so I'm gonna piggy back his positivity! Yay!
Title: Re: Net worth increase in 2012!
Post by: frugalcalan on January 02, 2013, 03:25:28 PM
I feel uncomfortable with hard numbers, but my networth has increased by more than 50% of my previous pre-tax salary over the past year. 

I spent a couple of months unemployed, and am now working at a company where I make a bit less (but it comes with other benefits, for example, I can bike commute) so that's pretty good, but as a person with no dependents and a pretty good salary I definitely could be doing better.
Title: Re: Net worth increase in 2012!
Post by: James on January 02, 2013, 03:33:13 PM
Retirement accounts went up by $80,000, but I have no idea about where our net worth shakes out due to unknown value of current house.  I'm most happy this year about paying off the last of my student loans, meaning our mortgage is the last of our debt.  Since we still owe more than the value of the house, that is still a very painful debt.
Title: Re: Net worth increase in 2012!
Post by: c on January 02, 2013, 04:48:37 PM
I increased my net worth by $67k in 2012. On paper it looks good but 60% of that was 401k contributions/match/gains, 10% was principal payoff, 10% was bonus.

I'm not sure how people calculate the value of their house. I use what I payed paid for it minus what I still owe. According to Zillow it's up quite a bit, but I'm not sure how accurate that is, so I ignore it.
Title: Re: Net worth increase in 2012!
Post by: twinge on January 02, 2013, 06:28:00 PM
Quote
I'm not sure how people calculate the value of their house. I use what I payed for it minus what I still owe. According to Zillow it's up quite a bit, but I'm not sure how accurate that is, so I ignore it.

That's what I do.  According to the last appraisal, that's undershooting it by 80K, but I figure that helps me figure in all the costs of selling and remain conservative on it.
Title: Re: Net worth increase in 2012!
Post by: NWstubble on January 02, 2013, 09:50:49 PM
Increased by about 60%, pretty happy with that but hoping for more in 2013 with optimization of our spending and more employees out working for me.
Title: Re: Net worth increase in 2012!
Post by: marz1982 on January 03, 2013, 01:57:31 AM
Only saved 35.5% of our salary this year :(

But 54% in December since we started reading RE blogs and discovered ERE and MMM's brilliant posts, so looking forward to a bad-ass 2013!!

2012 also saw us dropping our car debt like it was hot (Wow, what an expensive lesson on depreciation and debt cost...), quitting our current jobs and spending 2 months living off F-you money, and then moving to another country and getting jobs that pay a lot more.  Yeah!

A bit risky, but what a year :)
Title: Re: Net worth increase in 2012!
Post by: Khao on January 03, 2013, 08:21:13 AM
Wow you guys kicked my ass into oblivion.
My net worth only increased by about $7k, but 2012 was still a great year for me : I went from negative net worth to positive net worth and I also accomplished two goals : http://imgur.com/BgJMc
Title: Re: Net worth increase in 2012!
Post by: SwordGuy on January 03, 2013, 09:58:51 AM

Counting savings, 401k matching and paid off debt principal, we hit 37% of salary. 

I have no idea whether our 401ks went up or down over the last year.   I'll figure it out around the time I do the taxes.

I'm aiming for 57% savings/401k matching next year (and keeping the debt at 0).
Title: Re: Net worth increase in 2012!
Post by: chucklesmcgee on January 03, 2013, 10:21:56 AM
I think around $170k. I didn't have some of my big accounts linked to Mint.com until March or so but I think that's about right.
Title: Re: Net worth increase in 2012!
Post by: destron on January 03, 2013, 10:28:51 AM
Total gains: $35,646
-- ($14,076 pay down of debt including mortgage, $21,570 savings and investments)

Income: $65,200 (net)

Savings Rate: 51.5%


Woops, forgot to add in the money automatically taken out for my pension (pre-tax):

Gains: $43,813
Net Income: $73,367
Savings Rate: 59.7%
Title: Re: Net worth increase in 2012!
Post by: forward on January 03, 2013, 12:17:59 PM

My conservative estimate net worth increase was $64,000 in 2012.  I'm not happy with that and am wanting it to be higher in 2013.  I just began to understand the concepts of early retirement in October so now I have a plan in place.
Title: Re: Net worth increase in 2012!
Post by: Forcus on January 03, 2013, 01:31:28 PM
Up $40k but more importantly from negative to positive net worth. Better late than never, I guess!
Title: Re: Net worth increase in 2012!
Post by: yomimono on January 03, 2013, 03:33:51 PM
From -15K to around +20K. Yay!  Now all my interest rates are positive :D
Title: Re: Net worth increase in 2012!
Post by: cbr shadow on January 03, 2013, 04:04:54 PM
This year our net worth's (wife and I) went up $50k.  This will go WAY up next year I hope.  We found MMM only a few months ago so that REALLY curbed our spending/saving, plus my wife got a new job which pays a lot more which was about 4 months ago.  2013 is going to be a big year and we're excited!!!
Title: Re: Net worth increase in 2012!
Post by: Zaga on January 03, 2013, 06:05:07 PM
Quote
I'm not sure how people calculate the value of their house. I use what I paid for it minus what I still owe. According to Zillow it's up quite a bit, but I'm not sure how accurate that is, so I ignore it.

That's what I do.  According to the last appraisal, that's undershooting it by 80K, but I figure that helps me figure in all the costs of selling and remain conservative on it.
And the reason I don't include home equity is I have no idea what it is.  The last time this house was sold was 1970 when my husband's grandparents bought it.  And it's a unique property, so there are no comparables in  the area so zwillow is useless.
Title: Re: Net worth increase in 2012!
Post by: FiveSigmas on January 04, 2013, 12:24:53 AM
Wow you guys kicked my ass into oblivion.
My net worth only increased by about $7k, but 2012 was still a great year for me : I went from negative net worth to positive net worth and I also accomplished two goals : http://imgur.com/BgJMc

Thats fantastic! Congratulations.
Title: Re: Net worth increase in 2012!
Post by: ToughMother on January 04, 2013, 05:56:42 AM
Like Zaga, this doesn't include house or car computations, but up $49.1K, up 22% !!  I'm pretty thrilled with that - thank goodness for a year in which the market didn't tank.
Title: Re: Net worth increase in 2012!
Post by: DoubleDown on January 04, 2013, 09:17:36 AM
This year our net worth's (wife and I) went up $50k.  This will go WAY up next year I hope.  We found MMM only a few months ago so that REALLY curbed our spending/saving, plus my wife got a new job which pays a lot more which was about 4 months ago.  2013 is going to be a big year and we're excited!!!

But will she get to wear some new fancy duds at that new job?? Kidding!! ;-)

Congratulations, you guys are doing great. And I've enjoyed all your posts.
Title: Re: Net worth increase in 2012!
Post by: meadow lark on January 04, 2013, 11:21:55 AM
So impressed by everyone!  Don't have figures, but I am going to keep track better so next year I will know!
Title: Re: Net worth increase in 2012!
Post by: cbr shadow on January 04, 2013, 12:43:31 PM
Double Down, that comment cracked me up.. And yes the wardrobe continues to grow, although she read through that thread 2 nights ago and said she's going to try to cut it back.
Title: Re: Net worth increase in 2012!
Post by: The Taminator on January 04, 2013, 02:32:02 PM
I'm up $20k. That's about 37% of my gross income, not including bonuses and overtime.
Title: Re: Net worth increase in 2012!
Post by: StashinIt on January 04, 2013, 04:27:29 PM
78k net worth increase.
36k from savings. 42k from investment returns.
Income was ~130k

Really a 27% savings rate isn't much to brag about. 2013 will be so different it will be impossible to compare.
Title: Re: Net worth increase in 2012!
Post by: Zaga on January 04, 2013, 05:03:46 PM
You guys are doing awesome!
Title: Re: Net worth increase in 2012!
Post by: spi on January 05, 2013, 11:28:30 AM
$93177.03 net worth increase around 75K of that is from salary/401k/HSA matches and the rest from investment returns and appreciation.

We saved 53% of our salary which isn't that bad considering our higher cost of living and the fact that we are currently renters.

Would like to do even better in 2013 which may be harder because my bonuses will be smaller. Hopefully that just leaves room to flex the frugality muscle.
Title: Re: Net worth increase in 2012!
Post by: Debbie M on January 05, 2013, 03:00:36 PM
Quote
I'm not sure how people calculate the value of their house. I use what I payed for it minus what I still owe. According to Zillow it's up quite a bit, but I'm not sure how accurate that is, so I ignore it.

That's what I do.  According to the last appraisal, that's undershooting it by 80K, but I figure that helps me figure in all the costs of selling and remain conservative on it.

When I first learned about Zillow, their estimate was much higher than my county's tax appraisal, so I figured it was imaginary, but then the next year, the appraisal caught up.  So now I just average the two.

There are plenty of houses something like mine.  And my house is paid off, so it's no longer exciting to see what's going on with the amount I still owe.
Title: Re: Net worth increase in 2012!
Post by: Debbie M on January 05, 2013, 03:47:20 PM
Numerical proof of so much badassity.  I'm here to help most of you look better.

Up 22K, a 6% increase.

Gross pay was 44K.

Breakdown of most of it:
* pension: 70K to 75K (worked more, plus it earns 5%; this does not include the state contribution which helps them pay me when I retire but which I would not get if I cashed out)
* other retirement funds: 102K to 115K (added 5K; market rose)
* other stocks: 6K to 7K (no additional purchases besides what I got from dividends and selling some stocks to buy others to diversify better)
* savings bonds: 1.6K to 2.6K (I bought 1K more)
* other savings: 10K to 20K (I added a lot to this due to job instability)
* house: 161K to 155K (already paid off; value fell slightly)
* car: 8.7K to 8.6K (depreciation)
* vacation pay owed: 8K to 1.3K (had to cash it out between jobs--counted toward gross pay above)

My biggest increase was from 2009 to 2010: 52K or 20% (gross earnings 40K).

Rent for the sort of 2-1 apartment I would be renting if I were still renting is $700/month + utilities.  Taxes, insurance, and the amount I save for upkeep and repairs on my paid-off house = $600/month.  Not the greatest investment.
Title: Re: Net worth increase in 2012!
Post by: sulaco on January 22, 2013, 10:38:37 PM
Don't mean to kick up a dead thread, but I just went through the last two years of bank and mortgage statements, and it looks like our number this year is $194,561.105$194,561.05.

That's a function of savings (pre and post tax), market returns, mortgage principle, house appreciation (tracking Zillow estimates over the course of the year to calculate the delta), and company stock vesting.

In 2011 our network decreased slightly (bad stock picking, family expenses, decreasing home value).

It will be hard to duplicate this again this year, but I think we can get pretty close. $130k went into the 'stache this year, which would be awesome to do two years in a row.
Title: Re: Net worth increase in 2012!
Post by: Hamster on January 23, 2013, 02:27:50 PM
Don't mean to kick up a dead thread, but I just went through the last two years of bank and mortgage statements, and it looks like our number this year is $194,561.105.
Where did you get that last 1/2 penny?
;-)
Title: Re: Net worth increase in 2012!
Post by: dragoncar on January 23, 2013, 03:10:08 PM
Don't mean to kick up a dead thread, but I just went through the last two years of bank and mortgage statements, and it looks like our number this year is $194,561.105.
Where did you get that last 1/2 penny?
;-)

Sounds like he wrote a computer virus to steal all the fractional cents from business transactions.  Kind of like the take-a-penny, leave-a-penny tray, but with fractions of a penny done a million times over.
Title: Re: Net worth increase in 2012!
Post by: arebelspy on January 23, 2013, 03:36:55 PM
Like in Superman 3?
Title: Re: Net worth increase in 2012!
Post by: cbr shadow on January 23, 2013, 03:55:12 PM
Like in Office Space? :)
Title: Re: Net worth increase in 2012!
Post by: sulaco on January 23, 2013, 04:36:24 PM
Don't mean to kick up a dead thread, but I just went through the last two years of bank and mortgage statements, and it looks like our number this year is $194,561.105.
Where did you get that last 1/2 penny?
;-)

Sorry, that should have been a comma. JK

I think it was 5¢, I double typed the 1.
Title: Re: Net worth increase in 2012!
Post by: Hamster on January 23, 2013, 05:49:03 PM
Like in Office Space? :)
I suddenly feel like taking a baseball bat to a printer.
Title: Re: Net worth increase in 2012!
Post by: keith on January 24, 2013, 01:10:59 AM
Also late to the thread, but reporting in a guesstimate:

+ 50k

Was around 40k of debt reduction (paid off my student loans, car), plus around 10k of 401k.

Title: Re: Net worth increase in 2012!
Post by: jpo on January 24, 2013, 08:33:19 AM
$20k up for me.
Title: Re: Net worth increase in 2012!
Post by: kolorado on January 24, 2013, 08:42:31 AM
Holy Mackerel some of you did incredibly last year! Wow!
Our single income household's net worth went up 13.5% in 2012. We sold a small house and bought a much bigger house across the country. Even with those expenses we managed to be $24K richer now than this time last year. Last year DH made $40,300 gross base pay before OT. He worked about 250 hours of OT closing the plant in NJ and setting up operations here in CO. So strictly for comparison's sake, our net worth increased by 50% of hubby's pay last year. I expect it to be a similar story this year but we'll see how the market returns.
Title: Re: Net worth increase in 2012!
Post by: FitStash on January 24, 2013, 08:46:01 AM
Up about 90k.

Considering our base gross pay as teachers is about 86k combined, I'm pretty happy with it.  (Basically we covered our living expenses with extra tutoring, summer school, and some rental profits and saved all of our "normal" income.)

Wouldn't mind improving on it, but it'll be tough to do.

Beast mode: on
Title: Re: Net worth increase in 2012!
Post by: hurricane0884 on January 24, 2013, 02:42:34 PM
I have only been tracking our Net Worth since July and we are up $10,153.  Not to bad for half a years worth of data. I expect to go way up this year as I just graduated and landed a great job! Hopefully this year we can get out of the negative net worth zone!
Title: Re: Net worth increase in 2012!
Post by: KMMK on January 24, 2013, 03:07:31 PM
I'm up $25,700 - 27%, as it was my best year for income ever. First time I've topped $50,000 gross. And that's just me. Haven't finished DH and household networth yet. Probably around $40,000-$45,000 between both of us.
Title: Re: Net worth increase in 2012!
Post by: BlackRat on January 25, 2013, 06:38:43 AM
net worth went up $4200 to $11,000 (did get a pretty generous scolarship for starting uni)

My savings account is up $4600
Took on ~$3300 debt for uni first semester(indexed with inflation)
Bought a caravan in cash for $2500 (I live in it, in a backyard during uni, so I don't pay much rent) - I'm counting this as an asset
Paid my uni fees up front 2nd semester
My shares went from up by ~$400


2013 goals:
Pay all my uni fees up front, have $15,000 net worth (going to need a job during uni, could still be difficult), buy another packet of shares
Title: Re: Net worth increase in 2012!
Post by: MMMdude on January 27, 2013, 07:18:03 PM
Was up about $115K this year on salary right around that.  Had about 17K in dividends come in + market performed well and I spent about 22K last year.  I remember a few years ago that I was ecstatic to sock away 50K in a year.  It really does snowball.

I'm abit concerned that the markets look abit frothy at these levels so anticipating a painful correction at some point.
Title: Re: Net worth increase in 2012!
Post by: Milkman666 on January 30, 2013, 10:29:15 AM
Net Worth is up $130,000 from January 2012! This includes a reduction in my mortgage of $47,650 and elimination of a $19,700 (@3.9%) car loan, and an increase in investments of 17.5% (including dividends)!

There is a bit of windfall involved here too, in the form of a layoff package paid to my wife, who picked up another job within weeks of the layoff.

We are very focused on eliminating that mortgage. It may not be the best thing to do financially, but mentally and spiritually, it is definitely the best thing for us. Hope to have the mortgage down another $28,000 next January (and paid off in August 2015). We'd go after it even harder, but there is a substantial penalty for paying the entire balance before August 2015.
Title: Re: Net worth increase in 2012!
Post by: Emerald on January 31, 2013, 07:56:35 AM
Up $30,000 for me. 
Title: Re: Net worth increase in 2012!
Post by: elysianfields on February 05, 2013, 07:41:18 AM
Up $143,419.18.  We saved money like crazy, our portfolios went up, and we refinanced our mortgage.
Title: Re: Net worth increase in 2012!
Post by: MrSaturday on February 06, 2013, 11:05:56 AM
$71k for me.  I was aiming for $50k but a combination of greater savings and better market performance than expected blew right through my estimates.
Title: Re: Net worth increase in 2012!
Post by: scottwes on February 09, 2013, 12:12:30 PM
Just finished my calculations for the year.

18k after tax investments
28k 401k and employer match
12k debt reduction
3k in investment gains
---------------------------
61k total!  That's ~85% of my total net worth! 

For 2013 this is my goal:

21k debt reduction
35k 401k and employer match
18k taxable investments
?? investment gains
------------------------
74k + investment gains

The plan is FIRE by 2018
Title: Re: Net worth increase in 2012!
Post by: needmyfi on February 09, 2013, 01:19:28 PM
After I started on taxes I realized I been underestimating our income (overtime, raises, bonuses and ebay side gigs) -good.  Then I also realized that I overestimated our saving percentage-bad.  Wrote down every last drop of money on 1/8/2013 including anything under the sofa cushions.  Net worth as of today (excluding real estate and minus prorated yearly property taxes and insurance)  is up $5135. Try not to obsess too much on day to day with market fluctations, but what I am even happier about is our savings rate for the 31 days is 61.9%.  I know I can't do that all the time, but it brightened my day. 

Ps I give alot of credit this board and this community for helping me get my mojo back
Title: Re: Net worth increase in 2012!
Post by: mbk on February 13, 2013, 10:43:32 AM
I have no exact figures, but it is around 15-16K.

Title: Re: Net worth increase in 2012!
Post by: mpbaker22 on February 13, 2013, 11:07:58 AM
I don't know my exact net worth at beginning of the year, but it was approximately one year's expenses.  Now it's 3-4 years expenses, so I guess it tripled?

Am I the first one to post in terms of year's expenses?
Title: Re: Net worth increase in 2012!
Post by: arebelspy on February 13, 2013, 11:51:17 AM
I don't know my exact net worth at beginning of the year, but it was approximately one year's expenses.  Now it's 3-4 years expenses, so I guess it tripled?

Am I the first one to post in terms of year's expenses?

That's too vague of a number, due to expenses changing as well as net worth changing.

I.e. Say you had one year's net worth in 2011 expenses.  Then in 2012 you double your stache, and halve your expenses.  Suddenly you have 4 year's expenses.  You went from 1 years worth of expenses to 4 years.  You didn't quadruple your net worth though.  You just doubled it.

It's certainly a good number to know in some circumstances, but you shouldn't confuse it with net worth.
Title: Re: Net worth increase in 2012!
Post by: Bakari on February 13, 2013, 12:14:44 PM
I don't know my exact net worth at beginning of the year, but it was approximately one year's expenses.  Now it's 3-4 years expenses, so I guess it tripled?

Am I the first one to post in terms of year's expenses?

I feel a lot happier looking at my net worth in terms of year's worth of expenses.  Up by 1.5 years worth of expenses in 2012, to 3.75 total years of expenses (saved up in 3 years, paid off last of debt in Feb 2010).  At that rate I should be able to retire in under 10 years (assuming that SS continues to exist - of course, that's a big gamble, so I probably won't quit all forms of work at 43)
Title: Re: Net worth increase in 2012!
Post by: Zaga on February 13, 2013, 05:34:02 PM
I like that way of looking at it!  I'll have to figure that one out for the future.  A wet finger in the air estimate puts us at increasing our net worth by a little over a year's expenses.  Surely we could get our expenses down lower to help that figure!
Title: Re: Net worth increase in 2012!
Post by: needmyfi on February 13, 2013, 06:15:58 PM
I don't know my exact net worth at beginning of the year, but it was approximately one year's expenses.  Now it's 3-4 years expenses, so I guess it tripled?

Am I the first one to post in terms of year's expenses?

I feel a lot happier looking at my net worth in terms of year's worth of expenses. 
It might not be the true definition of a net worth, but what I love about looking at finances this way is that it changes the "currency"  -time, not money!  It puts the most important thing to you in focus.
Title: Re: Net worth increase in 2012!
Post by: marty998 on February 13, 2013, 06:38:39 PM
I already mentioned mine went up about $78k but in terms of liquid assets that I could use to fund a lifestyle/years of expenses the increase is under $5k. Sure I've got cash offsetting the mortgage but I wouldn't consider it liquid becasue it will increase net debt if withdrawn.

There's net worth...and there's liquid net worth.
Title: Re: Net worth increase in 2012!
Post by: Mike on February 14, 2013, 03:02:20 AM
Mine increased 56% (~$67k).
Title: Re: Net worth increase in 2012!
Post by: Done by Forty on February 14, 2013, 03:52:25 PM
Late to the party here, but our net worth went up $136,335 in 2012.  Here's the breakdown:

Mortgage paydown: +$55,246
Liquid assets: +$30,492
Home appreciation (zillow): +$50,263
Title: Re: Net worth increase in 2012!
Post by: martynthewolf on February 15, 2013, 07:04:05 AM
So this is a proper noob question but, how do I work out the percentage increase/decrease in net worth?
Title: Re: Net worth increase in 2012!
Post by: arebelspy on February 15, 2013, 07:16:25 AM
So this is a proper noob question but, how do I work out the percentage increase/decrease in net worth?

Net worth January 2013 minus January 2012 net worth divided by Net Worth January 2012 x 100

(I.e. how much it went up over how much you started with, then turn to a percent)

E.x. net worth was 75k, went up to 100k after a year.  (100-75)/75 = 0.33 x 100 = 33% gain.
Title: Re: Net worth increase in 2012!
Post by: martynthewolf on February 15, 2013, 07:21:54 AM
So this is a proper noob question but, how do I work out the percentage increase/decrease in net worth?

Net worth January 2013 minus January 2012 net worth divided by Net Worth January 2012 x 100

(I.e. how much it went up over how much you started with, then turn to a percent)

E.x. net worth was 75k, went up to 100k after a year.  (100-75)/75 = 0.33 x 100 = 33% gain.

Really appreciate the quick response. Thanks a lot, I was just going round and round in circles getting confused.