Last year I said I would start an excel file for tracking yearly net worth after reading a lengthy bogleheads net worth post. I had been fed up with the bugs in online trackers that altered the historical numbers when accounts are deleted/transferred and such. I know everyone here is very financially minded but at the same time in crazy different parts of their careers. I think it is valuable to see the effects of saving over time. I'm 4.5 years out with a spouse just 6 months into her attending job. I include home equity in my net worth and adjust my "retirement number" accordingly. We actually bought a house this year so I'm biased to not let the downpayment disappear but overall our net worth would have been better had we just stayed renting (no regrets on the house though). So without further rambling.
End of Year Net Worth:
2014: no accurate records but it was significantly less than 0
2015: $25k
2016: $246k
With these numbers I reviewed the current financial state of the house with my wife and can probably leave her alone unless we finish paying off loans or we hit next year's recap. If we can stay on this trajectory I don't really have any concerns about saving enough. I'll post an update next year.
End of Year Net Worth:
2014: no accurate records but it was significantly less than 0
2015: $25k
2016: $246k
With these numbers I reviewed the current financial state of the house with my wife and can probably leave her alone unless we finish paying off loans or we hit next year's recap. If we can stay on this trajectory I don't really have any concerns about saving enough. I'll post an update next year.
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