Author Topic: Gauntlet: Long Term Net Worth Goals  (Read 132714 times)

SwordGuy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #450 on: May 28, 2018, 01:09:40 PM »
Ran across this posting of mine on this thread from quite a few years back and thought I would give an update:

For me, net worth isn't a useful measurement for FI.  That's because I have no debt and don't intend on selling my house, cars, or other household furnishings.

So I'll focus on current assets that can be used to support FI.    I'll assume the market only keeps pace with inflation, i.e, no compounding, so I'll ignore earnings and just list amounts in current dollars.

2013: $580,000
2014: $665,000
2015: $750,000
2016: $835,000
2017: $920,000
2018: $977,000  Assumes wife retires at 70.
2019: $1,034,000
2020: $1,091,000  Assumes I retire at 63.

3.5% withdrawal rate = $38,185 income plus $14,400 wife's SS = $52,285 income.   I'll hold off on my SS until 70 because it will be a much higher than my wife's.  Obviously, if the market does much better than just keeping pace with inflation, I could move my retirement date foreward a couple of years.   If not, not.

For those of you who are younger and want to learn from my mistakes...

We could be retired right now if we had changed our behaviour 10 years ago.

We could have retired 10 or more years ago if we had changed our behavior back in 1988 when I got my first decent paying job.

Actuals:
2015: $1,050,000 we got into the rental property business before this date and the stock investments grew.
          That's 4 years ahead of our estimate!
2016: $1,900,000 regular gains and savings, plus an inheritance.

New estimates:
2017: $2,030,000
2018: $2,200,000 Assumes wife retires at 70, we finish the house we're slow-flipping, and I retire at 60, 2 years ahead of schedule.

We're at about $2,550,000 now.   Most of the difference is a spreadsheet mistake on my part, where I left off the value of our primary home in the total field.   The rest is 401K contributions, market growth, and the normal mortgage paydown.

It's enough.   Will deploy some capital to get a 2 to 4 rental properties over the next 3 to 5 years.  That's so we don't have to sell stock at all when the market is down.   

Definitely switching from acquisition mode to preservation mode now that we've retired.

Bro-mero

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #451 on: May 28, 2018, 10:14:29 PM »
My Long-Term Goal: Hit the $1M NW mark by Age 30

Just recently graduated undergrad and will be starting my full-time position in a couple months. I also turn 22 soon.

I was lucky enough to graduate without any student loan debt, so I will be starting on Day 1 with a NW of 0.

This is a pretty aggressive goal, but with some solid future bonuses/promotions/raises, nice market returns, and keeping my spending as low/optimized as possible, I'm excited to see how close to my goal I can get!
« Last Edit: May 28, 2018, 10:17:05 PM by Bro-mero »

tomsang

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #452 on: May 29, 2018, 10:25:01 AM »
Quote from: SwordGuy link=topic=7063.msg2020337#msg2020337

It's enough.   Will deploy some capital to get a 2 to 4 rental properties over the next 3 to 5 years.  That's so we don't have to sell stock at all when the market is down.   

During the recession some of our friends that own rentals got hit pretty hard with renters not paying rent, staying in the house until evicted, destroying the house on the way out, etc.  The stress of the recession had people doing crazy things to their rentals.  We had great luck with our rentals, but I don't count on it to cash flow well during another serious recession. 

One off stories are not great to base your plans. Is there better data out there on how rentals fare during recessions?  How did others with rentals do during the last recession?   


SwordGuy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #453 on: May 29, 2018, 03:24:52 PM »
Quote from: SwordGuy link=topic=7063.msg2020337#msg2020337

It's enough.   Will deploy some capital to get a 2 to 4 rental properties over the next 3 to 5 years.  That's so we don't have to sell stock at all when the market is down.   

During the recession some of our friends that own rentals got hit pretty hard with renters not paying rent, staying in the house until evicted, destroying the house on the way out, etc.  The stress of the recession had people doing crazy things to their rentals.  We had great luck with our rentals, but I don't count on it to cash flow well during another serious recession. 

One off stories are not great to base your plans. Is there better data out there on how rentals fare during recessions?  How did others with rentals do during the last recession?   
s

@tomsang ,

Those are all good points.

I live in a major military town.  We get big recessions when pretty much everyone gets shipped overseas to some God-forsaken country to get shot at.  Otherwise, it's pretty steady as she goes.

We have  a four legged stool for our income.   Rental income, Farm income, Social Security, and Stocks/Bonds.    Any one of them could completely disappear and we would have our planned expenses covered.    So I'm not too worried, because if I'm not pulling out stocks in all the good and so-so years, it's not such a big deal to pull out stocks in a bad year.  :)


« Last Edit: May 29, 2018, 03:29:03 PM by SwordGuy »

Setake

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #454 on: May 29, 2018, 06:22:18 PM »
My Long-Term Goal: Hit the $1M NW mark by Age 30

Just recently graduated undergrad and will be starting my full-time position in a couple months. I also turn 22 soon.

I was lucky enough to graduate without any student loan debt, so I will be starting on Day 1 with a NW of 0.

This is a pretty aggressive goal, but with some solid future bonuses/promotions/raises, nice market returns, and keeping my spending as low/optimized as possible, I'm excited to see how close to my goal I can get!

This is also my goal! I am at 27 with 200k and my salary is not nearly enough to reach it. I am hoping the stars align and somehow present me with 800k in the next 3 years (LOL). In reality I will probably have to go until I am 35. Darn! Shoot for the stars and end up in space I guess..

Bro-mero

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #455 on: May 29, 2018, 07:59:49 PM »
My Long-Term Goal: Hit the $1M NW mark by Age 30

Just recently graduated undergrad and will be starting my full-time position in a couple months. I also turn 22 soon.

I was lucky enough to graduate without any student loan debt, so I will be starting on Day 1 with a NW of 0.

This is a pretty aggressive goal, but with some solid future bonuses/promotions/raises, nice market returns, and keeping my spending as low/optimized as possible, I'm excited to see how close to my goal I can get!

This is also my goal! I am at 27 with 200k and my salary is not nearly enough to reach it. I am hoping the stars align and somehow present me with 800k in the next 3 years (LOL). In reality I will probably have to go until I am 35. Darn! Shoot for the stars and end up in space I guess..

Always good to have a somewhat lofty goal, and then even if you don't quite get there, you still make some damn good progress! 200K at age 27 is really good already! Keep fighting the good fight

skip207

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #456 on: June 02, 2018, 02:44:51 AM »
My Long-Term Goal: Hit the $1M NW mark by Age 30

Just recently graduated undergrad and will be starting my full-time position in a couple months. I also turn 22 soon.

I was lucky enough to graduate without any student loan debt, so I will be starting on Day 1 with a NW of 0.

This is a pretty aggressive goal, but with some solid future bonuses/promotions/raises, nice market returns, and keeping my spending as low/optimized as possible, I'm excited to see how close to my goal I can get!

You need to stache about $75k YOY minimum.  Probably a bit more.
Totally possible I guess depends on your income and outgoings I guess.

I am aiming for similar goal by 42.  I started about 32 ish so about 10 years time frame.  I am currently at 500k. 
 

Slow&Steady

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #457 on: June 06, 2018, 03:06:16 PM »
I want to join but I will just be doing investments, true NW is too much guessing and calculations!  I am going to do year end goals starting from Jan 2017. 

Our 2nd (last) baby is due in March 18, so she should finish high school in 2035 or 2036.  I would like to retire when she graduates (@52/53) or a couple years after (@55).  I know it is not really RE but I think it will be early enough for me and with DH's medical concerns it might still be too early, depending on what happens to health insurance.

Dec-17: $90K
Dec-18: $110K
Dec-19: $140K
Dec-20: $200K
Dec-25: $400K

Who freaking knows what will happen in 10+ years but why not give it is shot.
Dec-30: $900K
Dec-35: $1.5M
Dec-38: $2M

Revised 2018 and beyond goals and used ranges, lower end seems pretty likely with the upper end being a stretch. 

End of Year: Goal / Actual
Dec-17: $90K / $97,451
Dec-18: $115K-$120K
Dec-19: $140K-$175K
Dec-20: $200K-$250K
Dec-25: $400K-$500K

Mid 2018 update: Calculations show that if we have a flat rest of the year I should be right around $118k.  I will admit that I made these guesses before I got a new job with a 30(ish)% raise and assuming DH's business would be about equal to 2017.  In the 1st 5 months of 2018 he has made almost 80% of what he made in all 12 months of 2017, hopefully he will be able to keep up that pace the rest of the year!

NinetyFour

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #458 on: June 06, 2018, 05:01:46 PM »
These are guesses, but here goes:

NW July 2014:  $404,000
NW July 2015:  $465,000
NW July 2016:  $535,000
NW July 2017:  $615,000
NW July 2018:  $705,000
NW July 2019:  $805,000

I am confident of only the 1st number.  :)

As of tonight, my NW is $473,000, so I have surpassed my goal/guess for July 2015.  I will come back and post revised guesses for future NW values.

I'm not sure where I came up with those previous goals.  Here is my current prediction:

Current NW:  $480,507
January 2016: $570,000
January 2017: $670,000
January 2018: $779,000
July 2018:  $840,000 (and hopefully retirement, as I will hopefully have over $523K free and clear)

Well, I missed my January 2016 prediction, as my NW now stands at $528,717.  Boo.  I think I must tamp down the rest of the predictions as well.  Here is now what my crystal ball tells me:

Jan 2016:  $528,717
Jan 2017:  $630,306
Jan 2018:  $722,663
July 2018:  $784,925 (still when I hope to retire)

I am currently at $612K.  Should be able to reach $630K well before January 2017.

My NW (including house) is now $742,946.  On track to hit my (original) goal of $840K in July 2018, when I will retire.  It's beginning to feel real...and scary...

Now at $803,225...

Ending 2017 at $828,383.  Really hoping to join the double comma club next year, but trying not to get my hopes up.

I have smashed every previous goal I set up there ^^^, so maybe there's a chance.  Or, maybe I'm just kind of bad at predictions.  ;-)

Now, with just about one more month of income left before the firehose of cash is turned off, I have $545K free and clear, and my NW is $918K.  Part of the NW growth is due to an adjustment to the value of my house (increased $14K).

Shooting for $600K free and clear and a NW figure with two commas in it.  :)

2Birds1Stone

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #459 on: June 06, 2018, 07:28:06 PM »
My new long term net worth goal is $0.....that's right $0

beege

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #460 on: June 21, 2018, 08:57:10 PM »
Wow another year again. Feel like I'll be getting old soon at this rate. Hope not! Have been enjoying life. Inflated stock market and some lifestyle inflation may keep me working a bit longer but at the very least I will go half-time next year. My wife already went half-time this year. We are on the cusp of FIRE. Targeting 3.5x withdraw rate now based on most of my research over the past year.

I am sorry to say crossing the million $ mark was predictably disappointing /shrug

DateGoalActual
June 2014394K
June 2015550K547K
June 2016750K692K
June 2017842K929K
June 20181107K1182K
Dec 20181300KPart-time / fire?

haypug16

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #461 on: June 22, 2018, 08:41:09 AM »
I'll play along. I love long term goals. Here's my Net-worth Goals over the next 12 1/2 years;

Year                    Goal/Actual
December 2017 - $(24,424.13)/$(24,424.13) (starting point)
December 2018 - $10,000/$(6,616.21)(Current Net-Worth)
December 2019 - $52,000/
December 2020 - $100,000/
December 2021 - $154,000/
December 2022-  $208,000/
December 2023 - $262,000/
December 2024 - $316,000/
December 2025 - $373,000/
December 2026 - $433,000/
December 2027 - $496,000/
December 2028 - $562,000/ (stretch FIRE goal)
December 2029 - $631,000/
December 2030 - $697,000/ (FIRE goal)

I have a feeling I'll be tweaking these goals over the years but it's how things are looking right now. 

steveo

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #462 on: July 01, 2018, 03:36:53 AM »
I don't really track net worth because my net worth is significantly higher than what I consider my FI asset level. I own a house with a mortgage that is probably now worth close to $1 million. I don't include the house value in my FI asset level as I have to live somewhere and if we are retired and for whatever reason money becomes a problem we can sell the house and downsize significantly or move to another area. A $1 million house where I live is far from anything that special as well.

End of 2015
1. No debt which consists solely of the mortgage (we might not make this but we will be close)
2. Super - $200k. This is assets that we can't use until we are about 65. We already have this amount but I couldn't be bothered to create a target here.
End of 2016
1. $100k in non-super assets. This will be really tough.
End of 2017
1. $200k in non-super assets. Again tough.
End of 2018
1. $300k in non-super assets. Again tough.
End of 2019
1. $400k in non-super assets. Again tough.
2. Super say $300k.

=> The allocation between super and non-super may be a little different but hopefully we are at about those numbers.

At this point I think we will work less and take more vacation time for the next 5 years as another buffer. If we choose to quit at any point it should be okay but we will have less to spend in retirement.

All of this is assuming we keep our jobs as is and the markets achieve 0% returns. Anything can happen over the course of 5 years so I guess we will just have to wait and see.

Just went through this thread and didn't realize I had posted on it. My goals have changed over that time however looking at this I feel these goals are pretty spot on although I'll simplify it a little.

The goal is to get to $700k plus a paid off house and then work part time for 5 years if possible.

As for this year the mortgage will be paid off in 2 days time. Our networth excluding our home is about $300k. I think we can shave a year off the times listed above assuming the markets over that time perform reasonably well. If not another year should do it.

This is pretty cool because I haven't looked at this in a while.

My plan is still basically the same and we are tracking pretty close to the initial idea.

We have approximately 270k  outside of super now so we should make 300k by the end of the year. I think now we want to get to about 500k and then work less for a year or two past that point then we retire.
« Last Edit: July 01, 2018, 03:39:00 AM by steveo »

Civex

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #463 on: July 05, 2018, 08:07:04 AM »
Hopefully will increase our chances of hitting our goal if they are written-

Net worth
June 2014 ($160k)
June 2018 $260k
June 2023 $1M

Portfolio
June 2014 $3k
June 2018 $315k
June 2023 $1M


Our NW grows on autopilot at about $6k/month between contributions and debt pay down; so it's possible we will hit our goals, but a big part depends on what the market does in the next 5 years.

NinetyFour

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #464 on: July 07, 2018, 04:50:25 PM »
These are guesses, but here goes:

NW July 2014:  $404,000
NW July 2015:  $465,000
NW July 2016:  $535,000
NW July 2017:  $615,000
NW July 2018:  $705,000
NW July 2019:  $805,000

I am confident of only the 1st number.  :)

As of tonight, my NW is $473,000, so I have surpassed my goal/guess for July 2015.  I will come back and post revised guesses for future NW values.

I'm not sure where I came up with those previous goals.  Here is my current prediction:

Current NW:  $480,507
January 2016: $570,000
January 2017: $670,000
January 2018: $779,000
July 2018:  $840,000 (and hopefully retirement, as I will hopefully have over $523K free and clear)

Well, I missed my January 2016 prediction, as my NW now stands at $528,717.  Boo.  I think I must tamp down the rest of the predictions as well.  Here is now what my crystal ball tells me:

Jan 2016:  $528,717
Jan 2017:  $630,306
Jan 2018:  $722,663
July 2018:  $784,925 (still when I hope to retire)

I am currently at $612K.  Should be able to reach $630K well before January 2017.

My NW (including house) is now $742,946.  On track to hit my (original) goal of $840K in July 2018, when I will retire.  It's beginning to feel real...and scary...

Now at $803,225...

Ending 2017 at $828,383.  Really hoping to join the double comma club next year, but trying not to get my hopes up.

I have smashed every previous goal I set up there ^^^, so maybe there's a chance.  Or, maybe I'm just kind of bad at predictions.  ;-)

Now, with just about one more month of income left before the firehose of cash is turned off, I have $545K free and clear, and my NW is $918K.  Part of the NW growth is due to an adjustment to the value of my house (increased $14K).

Shooting for $600K free and clear and a NW figure with two commas in it.  :)

Now officially retired (wow) and just waiting on ONE more paycheck.

Cash + Investments: $800K

Free and Clear (if I had to pay off my mortgage now):  $624K

Net Worth:  $997K  (so close......!!)

politenessman

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #465 on: July 07, 2018, 05:17:26 PM »
This is something I can play along with.
DW and I have a net worth of about $400k at the moment

401ks       $337,000
IRAs         $  59,000
Savings    $    7,000 for a total of $403,000

We don't own much in the way of property so its just based on our financial assets
My wife's assets are the bulk of this.
If I break out my own assets:

401ks       $ 68,000
IRAs         $   9,200
Savings    $      500 for a total of $77,700

At the same time I am paying down a debt of (currently) $12,260 at a rate of about $1300 biweekly.
I have two goals:

1. My own net worth to be $100k by Dec 31st
2. Our combined net worth to be $500k by Dec 31st 2019

To achieve #1, I have to add $22,300 to my pile.
I have 13 more pay periods to the end of the year and plan to keep funding my 401k which should add ~ $13,000
I can save ~$1500 per pay period = $19,500 but I have to also pay off the car loan @ $12,260 leaving me with $7240.
This puts me ~$2,000 short of the $100k


To achieve #2, the wife and I have to save another $100k over the next 18 months. I think we can do it...
This is a total of 26+13 pay periods * ~$1000 each into 401ks per period = $78,000
After Dec 31st I should be able to save ~$1500 per pay period @ 26 periods = $39,000
That is a total of $117,000 ... so in theory I should be able to blow this goal away, but lets see if we can do that.

Raymond Reddington

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #466 on: July 08, 2018, 03:45:53 PM »
I'm 32. We have net possessions around 1M.

I have just shy of 60K in investments, primarily stocks and REITs.
Approx 54K in my 457 at work.
Approx 22K in my Traditional and Roth IRA accounts. Most of that is Roth, but a small piece (about 5%) has to be converted to Roth next year to complete things.
Approx 60K in cash and CDs (I know, I know, this is too high...been working on upping the investments and dropping this number all year)
About 1K in savings bonds, which will all mature in the next 4 years and be reallocated somewhere else.

My wife has 750K in investments, primarily through inheritance, and 120K in a retirement account at her job. She has very little on hand in cash and cash accounts (a couple K at most).

We have approximately 120K equity in our house, though the value minus the mortgage might well be higher, but I am strictly going off the purchase price of the house and how much has been paid as we have no intention of selling anytime in the near future.

My goals at this point are
-To continue upping my contribution to the 457 at work, as well as see if retro pay puts me over the limit, if I can open a 401k at work to contribute the excess there and avoid penalties.
-To continue making the same level of contributions I have been to my own investment accounts, as well as more extra, to make up for years I didn't contribute as much as I should have.
-To reach 100K in the investment account by EOY 2020.
-In years where we don't hit the cap, to contribute 5500 a year into my Roth IRA. In years where we do, to contribute 5500 a year into my Traditional IRA nondeductible, and later roll it into my Roth account.
-To consistently reinvest all dividends in the investment account and pay taxes out of earnings.
-To reduce the number of meals I eat out at work significantly, bringing things like sandwiches more
-To continue to seek out rewards programs or better deals that will give me better benefits for continuing to lead the same (or an improved) lifestyle as I am now, without spending more.
-To continue to pay off my mortgage early up to the point where the amortization schedule shows me it will be paid off by age 50, as that will eliminate my biggest expense in retirement. (Right now it's down to age 58 from 60).

bridget

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #467 on: July 14, 2018, 12:50:56 PM »
New on the thread! A lot of factors are very up in the air for me (will I stay at my job more than 2 years? Will I collect all bonuses? Will husband get a job, if so which one?). So I've only set a goal for 2017.

NW at end of 2016: $280k
Easily-obtainable goal for end of 2017: $380k (assuming a flat market)
Stretch goal for end of 2017: $400k if husband does not get a job, $450k if he does.

It's the end of 2017!  (Well, close enough).  My NW just today crept up to $401k, meaning I hit my "stretch" goal.  My husband did get a job, but not until October.  I will hit $450k by the end of January, because I have an already-determined bonus for my work in 2017 coming then (kind of unhappy it will be taxed in 2018, but whatever).

Onward!

Easily-obtainable goal for the end of 2018: $600,000
Stretch goal for the end of 2018: $650,000

The difference between the easy and the stretch this year is if my husband stays in his job.  He hates it (the politics, not the actual work), and it pays so little compared to mine that it's very tempting for him to just quit on any given day, which I've given my full support to do whenever he feels like it.  I estimate he'll make it to February, but only just.

Mid-year update:  Now at $522k.  I think by the end of 2018, I'll land somewhere in between $600-650k.  Husband did not make it even to January before he quit his job.  :)  He does freelance stuff here and there, but it's not a significant part of our household income.  Unclear whether he will start another regular job sometime this year or not, but I did get an un-asked for raise and unanticipated mid-year bonus.  Since we saved $122k the first seven and a half months of the year, we should be able to do at least another 80k+ before the end of the year hits. 

webguy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #468 on: August 01, 2018, 08:22:32 AM »
I want to join in and set myself some public goals so that I'm held accountable.  My goals are:

Current NW:  $420k
Jan 1 2016:  $650k
Jan 1 2017:  $950k
Jan 1 2018:  $1.1M

I need to update my goals!

Current NW:  $1.1M
Jan 1 2017:  $1.25M
Jan 1 2018:  $1.6M
Jan 1 2019:  $2M

Jan 1 2017:  $1.26M

Phew, just made it! I have no idea how 2017 is going to go income-wise, so I'm sticking with my $1.6M goal for now and I'll revisit in 6 months...

Another 6 months have gone by so I'm revisiting to update the goals a little bit..

Current NW:  $1.535M
Jan 1 2018:  $1.75M
Jan 1 2019:  $2.2M

Another 6 months in the book! It's fun looking back and seeing progress as I don't really track these milestones anywhere else.  Just paid 4th quarter estimated taxes and prepaid 2018 state and property taxes so my current NW took a hit last week but I have some updated goals..

Current NW:  $1.85M
Jan 1 2019:  $2.35M
Jan 1 2020:  $2.8M

Time for another update!  It's been a good year income-wise so far and it looks like that should continue for at least another year hopefully, so I'm updating my goals a bit...

Current NW:  $2.28M
Jan 1 2019:  $2.45M
Jan 1 2020:  $3M

I'm approaching a point where I don't need to work any longer, however I'm in a situation where I own my own business but it feels like it owns me. I'm not sure what to do once I hit my FIRE number as I can't really sell the business due to it being very dependent on me, but it's a cash-generating machine so it seems silly to just dissolve it.  I guess I'll just keep at it for now.

All these quotes makes it a little tricky to see past progress so I'm gonna list it instead so I can see it more easily. It's crazy how fast your net worth can snowball once you get going:

Jan 2015 - $420k
April 2015 - $540k
Nov 2015 - $748k
Aug 2016 - $1.1M
Jan 2017 - $1.26M
July 2017 - $1.535M
Jan 2018 - $1.85M
Aug 2018 - $2.28M
« Last Edit: August 01, 2018, 08:34:35 AM by webguy »

SwordGuy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #469 on: August 01, 2018, 07:10:08 PM »
My new long term net worth goal is $0.....that's right $0

As in, "You can't take it with you!"


Longtry

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #470 on: August 27, 2018, 07:42:44 AM »
OK I'll play along too. Mine are:
- August 2019: 106.7k
- Aug 2020: 209.6k
- Aug2021: 411.7k
- Aug22: 808.7k
- 2k23: 1.6m
- 24: 3.1m
- 25: 6.1m
- 26: 12m
- 27: 23.65m
- 28: 46.4m
Though, in the long term, my goal lines up with 2Birds1Stone, around $0.

Hirondelle

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #471 on: August 27, 2018, 08:11:02 AM »
Current net worth: EUR 12,500

Just started my first 'real job' with a 4 year contract and fixed salary raises.
I'm aiming at saving EUR 1000/month.

Nov Aug 2018: 25k
Nov 2019: 38k
Nov 2020: 52k
Nov 2021 (end of contract): 66k

Hit my Nov 2018 goal 3 months early :)

rothnroll

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #472 on: August 29, 2018, 10:52:46 PM »
I'll play
4 year plan.

Year 1 8/03/2016: 405K (actual)
Year 2 8/03/2017: 500K
Year 3 8/03/2018: 625k
Year 4 8/03/2019: 800K

My wife is starting back to work next year. I think that these goals are attainable.
Ok update

Year 1 8/03/2016: 405K (actual)
Year 2 8/03/2017: 500K predicted (493k actual)
Year 3 8/03/2018: 625k predicted (621k actual)
Year 4 8/03/2019: 800K predicted
Year 5 08/03/2020 900k predicted
Just updated it for year 3 and added year 5.
I am staying on target. I am also aided by a healthy stock market. A major dip sure could obliterate these numbers. However, it won't effect my savings rate!

onlykelsey

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #473 on: August 30, 2018, 07:14:47 AM »
I am new to MMM and have not been tracking my spending or net worth, but for the sake of getting things moving, this is what mint.com tells me:

December 2012: $76,330 (includes student loan debt)
December 2013: $139,757 (includes student loan debt but shows my first house purchase) +83%, +$63,427
December 2014: $201,385 (killed the student loan debt, wasted a bunch of money somehow) +44%, +$61,628
December 2015: $320,899 (got married for ~18K, and paid for a ~64K roof job) +59%, +$119,514.  This would have been a killer year without the marriage and roof, would have doubled my portfolio and been up $201,514

Looking forward, my goals will depend on kids (which we plan on trying for this year).  Assuming we had a kid this year and I was at my job for another 18 mos before doing something part-time, I think my near-term goals would be:

December 2016: $470,000, +46%
June 2017: $550,000, ~+40% annually
Looking back at this now, I blew through both of these goals.

December 2016: $470,000, +46% 511K, +59%
June 2017: $550,000, ~+40% annually 603K, +54%

I am musing on what my next goal will be, especially with a potential divorce on the horizon...

OurTown

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #474 on: August 31, 2018, 11:49:57 AM »
OMG, divorce really sucks.  I should know I've been there.  Twice.

Slow&Steady

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #475 on: September 04, 2018, 09:34:22 AM »
I want to join but I will just be doing investments, true NW is too much guessing and calculations!  I am going to do year end goals starting from Jan 2017. 

Our 2nd (last) baby is due in March 18, so she should finish high school in 2035 or 2036.  I would like to retire when she graduates (@52/53) or a couple years after (@55).  I know it is not really RE but I think it will be early enough for me and with DH's medical concerns it might still be too early, depending on what happens to health insurance.

Dec-17: $90K
Dec-18: $110K
Dec-19: $140K
Dec-20: $200K
Dec-25: $400K

Who freaking knows what will happen in 10+ years but why not give it is shot.
Dec-30: $900K
Dec-35: $1.5M
Dec-38: $2M

Revised 2018 and beyond goals and used ranges, lower end seems pretty likely with the upper end being a stretch. 

End of Year: Goal / Actual
Dec-17: $90K / $97,451
Dec-18: $115K-$120K
Dec-19: $140K-$175K
Dec-20: $200K-$250K
Dec-25: $400K-$500K

Mid 2018 update: Calculations show that if we have a flat rest of the year I should be right around $118k.  I will admit that I made these guesses before I got a new job with a 30(ish)% raise and assuming DH's business would be about equal to 2017.  In the 1st 5 months of 2018 he has made almost 80% of what he made in all 12 months of 2017, hopefully he will be able to keep up that pace the rest of the year!

We are at 118k right now, looks like that stretch shouldn't be to much of a stretch (assuming the market doesn't tank).