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  • Share your Net Worth Progression

    So I saw this on bogleheads and I wanted to start a similar one here. Anyone care to share their net worth progression?

    I'll start with mine:

    01/2015: 100 K
    01/2016: 400 K
    01/2017: 1 MM
    01/2018: 1 MM
    01/2019: 1.5 MM
    01/2020: 2.8 MM

  • #2
    Too much to post.

    Comment


    • Tim
      Tim commented
      Editing a comment
      Modesty is a very valuable personality trait.

  • #3
    This post has been done a few times. I started one awhile ago as a yearly end of the year roundup. I found it motivating but I think a few people found it a bit self congratulatory.

    Congrats on your success.

    8 years ago we were negative 350k. Today closing in on 1.2 mil.

    The thing with this is it leads to comparisons. Keeping track of your own progress is probably the most important. We have made anywhere from 260k to almost 600k a year during that span. Dual physician income here. We cut hours and wife has gone part time with us having kids. Every situation is unique.

    And how did you get the 1.5 to 2.8 mil bump anyway?

    Comment


    • #4
      Originally posted by Dicast View Post
      This post has been done a few times. I started one awhile ago as a yearly end of the year roundup. I found it motivating but I think a few people found it a bit self congratulatory.

      Congrats on your success.

      8 years ago we were negative 350k. Today closing in on 1.2 mil.

      The thing with this is it leads to comparisons. Keeping track of your own progress is probably the most important. We have made anywhere from 260k to almost 600k a year during that span. Dual physician income here. We cut hours and wife has gone part time with us having kids. Every situation is unique.

      And how did you get the 1.5 to 2.8 mil bump anyway?
      Thank you, I also do it as motivation. We got rid of some money sinks and we had a good year from work/investments.

      Comment


      • #5
        Originally posted by whitecoatinvestoruser View Post
        So I saw this on bogleheads and I wanted to start a similar one here. Anyone care to share their net worth progression?

        I'll start with mine:

        01/2015: 100 K
        01/2016: 400 K
        01/2017: 1 MM
        01/2018: 1 MM
        01/2019: 1.5 MM
        01/2020: 2.8 MM
        That's very rapid. Far more rapid than is typical. Congratulations to you. And to the lurkers, don't think this is normal. It took us 7 years to hit that first million and we started at zero and had a very high savings rate.
        Helping those who wear the white coat get a fair shake on Wall Street since 2011

        Comment


        • StateOfMyHead
          StateOfMyHead commented
          Editing a comment
          Wanted to add not a fan of the users who aren't you with White Coat in their name. Throws me off.

      • #6
        Originally posted by whitecoatinvestoruser View Post
        So I saw this on bogleheads and I wanted to start a similar one here. Anyone care to share their net worth progression?

        I'll start with mine:

        01/2015: 100 K
        01/2016: 400 K
        01/2017: 1 MM
        01/2018: 1 MM
        01/2019: 1.5 MM
        01/2020: 2.8 MM
        I am curious to know what happened in 2017? It was a pretty good year in the market. I am guessing you have some alternative investments?

        Comment


        • #7
          Originally posted by Lordosis View Post

          I am curious to know what happened in 2017? It was a pretty good year in the market. I am guessing you have some alternative investments?
          We gave 500k as start up capital for a venture business of one of our family members. We have yet to see a single dollar worth of returns from that business. I’m still hopeful that it will payout but I also see it as sunk costs now and no longer loan money to family members businesses.

          Comment


          • Lordosis
            Lordosis commented
            Editing a comment
            Good lesson

          • abds
            abds commented
            Editing a comment
            Ouch

        • #8
          Too little too post.

          Comment


          • #9
            Key metrics:
            Savings / Gross Earning = Savings Rate Most important
            Savings/ Beginning Portfolio = Impact on portfolio How important to wealth
            (Ending Portfolio-Beginning Portfolio) i.e. change/ Beginning Portfolio Year to year net change percentage, the result

            Regardless of what stage of life you are in, you and graph them and tell your financial health progress and status. Personal capital and financial capital both change over time, so what? Height/weight, blood pressure, heart beat. Good to go on the path to a healthy financial life.





            Comment


            • #10
              2008: College $0
              2009: Medical School M1 -$35,000
              2010: Medical School M2 -$65,000
              2011: Medical School M3 -$95,000
              2012: Medical School M4 -$110,000
              2013: Residency PGY1 -$99,000
              2014: Residency PGY2 -$81,000
              2015: Residency PGY3 -$64,000
              2016: Attending Y0 -$53,000
              2017: Attending Y1 $146,000
              2018: Attending Y2 $277,000
              2019: Attending Y3 $552,000
              2020: Attending Y4 $790,000 predicted
              I calculate in June since Dec/Jan is often inaccurate as I have//use tax savings. Its fun to see investment return finally matter. Up to this point is primarily brute savings.

              Comment


              • #11
                Originally posted by whitecoatinvestoruser View Post

                We gave 500k as start up capital for a venture business of one of our family members. We have yet to see a single dollar worth of returns from that business. I’m still hopeful that it will payout but I also see it as sunk costs now and no longer loan money to family members businesses.
                Expensive lesson. I learned the same lesson, but luckily it didn’t cost me quite as much.

                Comment


                • #12
                  Our NW rose by 26% yoy between ye 2018 and ye 2019. Primary drivers include timing (low point in December 2018), equity returns, mortgage debt reduction, and retirement/investment contributions. Context is important when it comes to NW versus a 'number' IMO.

                  Comment


                  • #13
                    Year | Age | Net Worth
                    ----------------------
                    12/2014 | 30 | -$638,000
                    12/2015 | 31 | -$382,000
                    12/2016 | 32 | -$178,000
                    12/2017 | 33 | $111,000
                    12/2018 | 34 | $452,000
                    12/2019 | 35 | $824,000

                    Comment


                    • #14
                      Honestly don't know when we passed $1M. The first I knew of it was when our financial advisor at the time said we were at $1.5M. The last few PFS I've compiled for banks are as follows:
                      8/30/16 : $8.4M
                      12/31/17: $10M
                      10/03/18: $11.3M
                      12/31/19: $12.8M
                      The real estate has done well for us.

                      Comment


                      • #15
                        Investment accounts are up about 55% (gains + contributions) from 1/1/2019 to 1/1/2020. That doesn't include an extra $20k towards the mortgage. Hopefully it continues to go up...or not. Whatever. It's not like I'm going to change anything at this point.

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