Last Thursday, our net worth hit the $2,000,000 mark for the first time:
We had gained entry into the Double Double Comma Club! The DDCC is like one of those fancy airport lounges or secret clubs that only hipsters know about. You walk in and attractive people hand you alcoholic beverages and little, mysterious appetizers.
It was not to last, at least in the short term. Before end of day, our net worth had fallen below the $2,000,000 mark and I was escorted out the back door.
No worries. I’m more of a Taco Bell/ In-N-Out Burger type anyway.
Net Worth?
I’ve asked about net worth before. It was my most commented post ever. Since it’s been such a great year, it’s worthwhile to ask about it again. But first, let’s get to last week’s question where I asked about the temperature wars in our household.
I’m OK keeping the temperature in the 60s. In the winter, Mrs. 1500 likes to go higher, much higher. Our home office becomes a sweat lodge.
Here is what you had to say. Actually, this week, I only care about what Matthew in Michigan has to say (it’s late and I’m tired and I’m losing my momentum):
I’d prefer 60 and pile on warm clothes. However my wife thinks I’m crazy….I am but besides the point, she’d prefer 75…. I also have 3 daughters so I’m totally outnumbered.
Matthew is my thermostat soulmate. Maybe we do a family exchange? November through April, Matthew and I become roommates. Our wives and daughters can then live in a sauna for the winter.
Deal?
Net Worthy 2017
My friend Mr. PoP said something that stuck with me when I visited him last May. It was this:
Everything feels inflated.
We were discussing real estate valuations, stocks and Acura NSXs.
Since then, it all has gotten even crazier.
No bull party lasts forever, but hasn’t this one been fun?
And remember to not freak out when the bears crash the fun. They’ll come; they always do. But everything will be alright. The always excellent, Morgan Housel explains why:
So, here’s the weird paradox: If stocks never crashed — or if they gain the perception that they don’t crash — prices would rise to the point where a new crash was guaranteed.
Do yourself a favor and read the rest here.
You?
Now that we have that piece of reality out of the way, let’s get to the fun part. Tell me about:
- Your net worth (I WOULDN”T dare ask this question in normal company. But hey, we’re a little different here.)
- If you’re too shy to reveal, maybe you can tell us about how your net worth has risen this year
- And if you’re too shy for that, how about a percentage
- And if you’re too shy for that, tell me something great that happened to you in 2017
Congrats on hitting this impressive milestone.
We’re not yet at the “regular” double comma club, and the double double comma club sounds even more alluding (yet motivational). And that photo is perfect by the way!
On your other questions:
(1) – Still a bit shy (I’m working on this though…), we’re about half way on our way to the single double comma club (I think I got that right).
(2) / (3) – Up about ~25%.
(4) – I found your blog :). And a number of others. And finally took the plunge to start my own site and begin sharing ideas with others. (And I just made a revamped site so it looks I kind of know what I’m doing designing a website – which is still NOT the case).
Congrats again on your progress. Thanks for continuing to share.
Mike @ Balanced Dividends recently posted…My 20 Year Addiction – 9 Things I’ve Learned
Up 25% is pretty darn good! I hope your momentum continues into 2018 and beyond!
We hit DCC last month and it was hard to celebrate because the “but it’s inflated” thinking kept ringing in my head. :/ It sort of took the officalness out of it. THAT is a very small problem to have though!! 😛
We’re so due for a correction or even a recession! I wouldn’t be surprised if my net worth at the end of 2018 is lower than this year’s.
I’m not doing anything about it besides moving investments to real estate. Trying to time markets is a silly exercise.
I’m still trying to catch up to you, man. Kudos for making so many RIGHT decisions to get to 2M. I’m halfway there and find it more an interesting contest than one that’s really of value or meaning.
I’m all about the cash flow, see. 🙂
Cash flow! I’m the opposite (growth guy). It’s all good; we can still be friends. 🙂
Just the facts: $1.45M
Congrats on reaching that $2M milestone, and thanks for the inspiration.
Congrats on a half day of glory!
Because of the raging bull market I like most have had a great year. Just ran the numbers and I’m up a clean 20% in net worth. And that despite just getting my roof replaced for $5100.
Can’t wait for what ’18 has in store!
We are at approximately $315K the last time I checked (beginning of December). We started tracking in January 2015 when we were just over $100K and have watched it steadily march forward as we work hard (and reap the benefit of a strong market!).
And our house is set at a solid 60… which is saying something for our northern Michigan winter! We may adjust to 63 or 65 on occasion, but 60 is our “try to hold steady” mark.
Mrs. Adventure Rich recently posted…The Adventure Rich Streak Challenge Checkpoint #ARStreak
60! Are you willing to come to Colorado and talk some sense into Mrs. 1500? Just kidding! Maybe…
Just hit 25x our current expenses of about 40K, wahoo! We also exclude a sizable Cash balance as this is allocated to a home purchase in the near-term, or maybe intermediate term, future. I prefer to look at Net Worth in the aggregate, but also adjusted to exclude home equity (or savings in this case). I like to see how my investments alone can cover my expenses. We’ll likely aim for the double double comma club as well before fully pulling the trigger. Just want to ensure it’s easy and stress-free (ha) to navigate the ever changing healthcare situation, leave a legacy, leave room for more luxurious travel if desired, etc.
Jason recently posted…The only budget you’ll ever need
Health care is a pain in the ass. And it will be a bigger pain in the ass if you have an unexpected pain in the ass. This is what we’ll do once we need insurance: https://clubthrifty.com/liberty-healthshare-review/
$2,138,000 today up from $1,838,000 on Jan 1. However, its in Canadian dollars so not as impressive as it sounds 🙁
Congratulations,
That’s Loonie! 🙂
I just crossed the $700k mark. Up $150k for the year and $300k since March 2015 when I discovered MMM and realized that I didn’t have to work until 65 like I thought all along. I’m still a work in progress but always making changes to make FI a reality.
MMM set me free too (a little Get Rich Slowly too). I’m so thankful for those sites.
Jan 1, 2017: $426k.
Dec 18, 2017: $509k (slightly over half of which is in the market, between retirement and HSA)
…this is slightly undervaluing our house; in the last couple of years, this area has really taken off. Credit to the crazy bull market, refinancing to a 15-year 2.65% mortgage in 2015, and my amazing wife agreeing that we can both max out our 401(k) plans for the first time this year and still manage happily on the remaining income. On track for FIRE in 2030!
290K. Planning to hit the single double comma club and retire in 2023!
Onward and upward! And FIward!
We’re up about 25 percent in net worth this year or about three years of expenses. It’s been a very good year
Sure has! I’ll bet 2018 will be a lot more interesting…
Such an awesome achievement, well done.
2017 has been my first year without a job after my business partners unceremoniously booted me from the company I owned in late 2016. It’s been an adventurous year with a 6 month roadtrip around the country with my wife and little ones as we work to pickup the pieces of our life. Like many, the booming market has certainly helped the net worth side of things. With our money situation in a very comfortable place, I’ve been working to get the happiness levels up. It is still a work in progress and I’m looking forward to continuing the journey for freedom (of all sorts) in 2018.
Best of luck to everyone in the new year!
Oh wow, a 6 month road-trip! I’d love to do that someday!
Congrats! Nice job investing this year. We’re at about $2.6M. It gained about 13% this year. I’m a bit more conservative now so the increase isn’t as good as the market.
Joe recently posted…Can My Wife Early Retire Yet?
$2,600,000?!??!!! Whoah! Can I borrow some money? Just kidding. Maybe…
Wow – I just checked and was surprised to see our net worth at $2.992M, which is about 500k higher than last year. This definitely feels like a bubble, but who knows when it ends. Despite being nearly FI, I plan to keep working until the next recession hits, so that my net worth is a bit more “realistic.” But for now, it’s amazing to see compound growth work its magic.
Almost $3,000,000! Triple Double Comma Club! Way to go! And can I borrow some money? Just kidding. Maybe….
Start of 2017: $452,930
End of 2017: $535,410
It’s been an interesting year. Returned to the working life 9 months ago after taking a year off to go back to school.
For the first time, I have been renting out my house that is now paid off. That is going about as well as it possibly can.
I’d say I am now about 1,500 days from FI.
1500! Nice number!
Jan 1: $1.74 million
Today: $1.91 million
About 14.5% based on what Vanguard and PersonalCapital tell me.
We are on the more conservative side. ~60/40 or a bit more stocks because they keep running faster than I can rebalance or buy bonds. Good problems.
Our biggest hurdle is we went down to 1 income but still spend like we have 2. That is slowing our growth and limiting taxable savings.
I’ll cross over $70k in the next two weeks.. Started the year around 40k. I’m 25, making less than $50k per year. Got my student loans paid off this year so I’m debt free. Hoping to crack $100k by the end of 2018!
Nice work! I with that I was aware of all of this when I was your age.
I’m pretty certain we’re close to $3m, but I’ll wait until Dec 31st for the official number…
Speaking of inflated, it took us only 2 years to go from $2m to our current “right around $3m”. It shouldn’t be that easy.
Congrats on hitting the $2m mark!
Mr. Tako recently posted…Debt By A Thousand Cuts: Holiday Waste!
We are about half way to the single double comma. However we were aggressively paying down our mortgage for the last year and a half so not as much going to investments. We tend to waffle back and forth on what approach to take. I know, I know, that’s terrible thing to do and we need to get our sh!t together.
Mmmmm, I don’t like paying off mortgages early, but to each, his own!
Not sure the exact number as we’ll do net worth update in early Jan, but I suspect our number will be around where you are… maybe more? Not sure the % growth either. Will do some calculation in Jan.
Unfortunately, when we convert CAD to USD, we probably will see an automatic 50% drop since CAD doesn’t worth anything ha..
Returns were more than 2x salary, with % return a little lower than SP500. Asset mix is 70% stock, so I am content with it. We hit the enough level. We can continue our current spending indefinitely, including inflation adjustments. I do not feel like there is plenty of extra yet. I have not figured out what my next step looks like, other than I don’t want to do what I am doing at the company I am with now. Spent the year with our projected FIRE budget, and it worked pretty well. I want to run the numbers by an advisor as a reality check before pulling the plug.
Acastus, you’re kicking ass! Don’t stay at that job forever. You won’t regret leaving…
Mr. 1500 Days recently posted…Tell Me Again: What Is Your Net Worth?
I always think that “double double comma club” means quadruple commas, or the Trillionaire Club.
I don’t advertise that we quietly joined the DCC last year because it came in a bull market and a large part is because of our Bay Area property. As a total pessimist, I don’t want to celebrate something that could go away very easily in a recession and really these home “values” are totally unrealistic. (2008-2009 and my year of unemployment is still loud and clear in my ears.) But I can at least be happy that despite spending a ton on our new place and renovations, our NW has increased 10% this year so my next goal is to get us to a Double Comma per human in the family so that I can feel like it’s all real and that even when the bubble pops, we’ll be ok.
Revanche @ A Gai Shan Life recently posted…2017 Money Move: reviewing our tax strategy
Congrats on hitting the DDCC for the first time! Funny enough I just had this conversation with my folks this weekend. Also, funny enough, I’d be more comfortable telling you our net worth face to face rather than online haha! I will say our cash/investments vs house ratio went up to 65%/35% where last year at this time it was more of a 50/50 split. Paying off the mortgage early at the end of last year and now getting to take full advantage of our savings rate was the real driver.
Nice work DtPG! I expect gold flakes on the pizza in 2018! Just kidding. Maybe…
Be careful what you wish for…I just found this place in NYC that sells gold pizza, no less haha!
I wonder what it looks like coming out the other end?
Net worth? Probably more than we’ll need. Probably.
Everything still feels inflated, dagnabbit!
As I’ve been telling my friends who are investing in Crypto-“Just because it’s higher now than a week ago doesn’t make current valuation LESS stupid, it make’s it MORE stupid.”
mrpop recently posted…Happy Friday – Hurricane Who?
It’s more inflated! Holy hell! Dunno about you, but if someone wants to give me $80,000 for my NSX, sayonara!
We’re sheepish on the exact numbers… But I’ll say this:
We had an audacious goal to start the year, blew through that in Sept and adjusted it up. Blew through the revised goal in early Nov. And adjusted it up again. And here we’re about to blow through the third number that I truly thought was absurd.
That was with me taking a huge pay-cut at the beginning of the year and a 2 month summer break.
Now we’re just waiting for the other shoe to drop, but it sure has been fun!
Send all of the extra my way!
After starting our journey towards FIRE 3 years ago, my husband and I JUST made the double comma club last week. While pursuing FIRE, we also welcomed our son who will be turning 11 months soon. Our net worth increased by 209k in 2016 and 249k respectively this year. Like another reader who commented, that increase represents more than double our annual gross salary. We are aiming for our 3% target number and if we have another stellar year, we might be able to do it by the end of 2018. We live in one of the most expensive places in the country. My husband is a civil servant and I’m in tech support. We feel lucky everyday that we were able to stumble on great resources like 1500 days, GoCurryCracker, MMM, Mrtako, Jim Collins, the Madfientist and others who lit the way, Looking forward to what the future will hold.
Thanks for the kind words Jenny! But so much more than that, it’s awesome to hear awesome success stories like this. I hope your 2018 is equally prosperous!
Too shy to give exact numbers, but I’m up about 40% this year, 10% from investment gains and about 30% from additional savings. I’ve made a point to max out all my retirement accounts this year, where as I fell short a little last year.
Bout 180,000 right now – been a good year all around!
House is at 68 – I would go cooler but my wife and 8 month old have protested the move. Thankfully our house was built in 2015 and is very well insulated
Since I retired a year and a half ago, my NW has grown by 6 1/2 years of my spend. So 8 years spend total if I weren’t living off of it. Not too shabby!
DDCC here, tho still waiting for those mermaids to appear (beautiful woman salmons? Maybe I misunderstood).
Mermaids are on their way….
Congrats on hitting another large milestone!
Not enough courage to post actual dollar amounts, but we are up about 60% this year. Mostly due to the crazy market and our house value going up a large amount on Zillow. Hoping for a more reasonable increase of 20-25% for 2018!
Our net worth has gone from 243k to 387k in one year. I am hoping for some miracle where we hit 400k by December 31st, but I think that is asking a bit. And I would love to hit 500k before the market eventually drops, but I also think that might be too much.
Jason recently posted…Should You Invest in Individual Stocks?
passed quad double comma club this yr (sans RE)
Holy crap! Can I borrow some money? Just kidding. Maybe…
We are in the $1.5M neighborhood, not including our home value. The majority of that is in tax-advantaged retirement accounts, so we are pushing hard to get our taxable accounts up.
Mr. Need2Save recently posted…HOME: Investment or Just A Place To Live?
First off, discovered your blog a few months back and really am enjoying it. Very relatable posts, so thank you very much for sharing your story.
Net worth – $1.65mm up $290k this year – mostly attributable to the equity market. WE moved to California from Houston a couple months before Harvey. ANd we close down on our house there three weeks prior, both of which I am more grateful more grateful now then the net worth rise. We chose not to buy for a while and not having any debt feels great. I don’t expect to jump back into home ownership unless the timing is right (deep discount).
Keep up the good work and fight the good fight on that thermostat,
Thanks for the kind words PATRICKMC!
California to Houston? Whoah! Big culture change, but probably a lot cheaper.
We are past the DDCC but I’ll still work for at least a few more years. I agree that things seem inflated – feels like right before the tech bubble burst – so our NW doesn’t feel as solid as I would like. That’s not the only reason I continue to work. My husband has 2 chronic health issues that are manageable but could become expensive really quick without good health insurance. Right now, we are taking advantage of my corporation’s excellent health benefits (while they take advantage of my talents). With the way things are in health care costs and uncertainty for insurance outside the corporate structure, I don’t know how much our NW has to be before I feel like I could stop working. If I just knew how much to expect then we could plan better. At the rate things are going who knows what Medicare will look like in 20 years when I might be eligible?
I’m really sorry about your husband’s health issues. However, being past the DDCC gives you a nice buffer.
While everything is inflated, I don’t think it’s the same as 2000. Not as bad at least. We’ll all see soon enough…
450k solo, 650k with my partner. This is if you don’t count ESOPs and crypto investments, which I consider Monopoly money. Patiently waiting for the inevitable next recession!
Crypto == Monopoly! Ha!
Up 30% since the beginning of the year, although December is not over and could bring more surprises.
Stockbeard recently posted…I’m jealous of people who like their job
If you count the net worth including the value of the house, we’re at our highest ever above $200k, but if you remove the house’s worth our net worth is in the negative by -$100k or more. I’m not sure the best number to go by, but I like seeing positive numbers so I keep the house asset in the calculation. I think our worth went up a few $10s of thousands this year, but not sure since we’ve been paying down the mortgage.
We are only slightly early retired so since I worked a long but enjoyable career we have several double commas of investments in addition to a paid for house, cars and toys and no debt. Our three millennial kids are self supporting adults with their own homes with no debts from college and with good jobs. I’d guess our net worth increased about $400k this year even though I’m sitting on a lot of cash and have the lowest equity percentage I’ve ever had. I’m earning everything we spend from two days a week of fun side gig work so the investment dividends and interest are all reinvested.
As of November our net worth was $594,784. I starting officially tracking back in April and our baseline at that time was $488,604. We will keep on pushing forward. Hoping to hit our year end goal of $600K.
FIbythecommonguy recently posted…Moving, Packing and Unpacking
Awesome post. I am giddy we crossed the DDCC just a few days ago … it includes everything since I am not being judged to be an accredited investor. (you know they subtract your main home for this calculation) …
Became a millionaire in 2013, and took 4 years and 3 months to hit the DDCC … 2017 increase is around 17%.
Told my wife and her reaction was “Hmm that’s gooood!” – She was excited … but not as much as I am.
2018 goals – Max out 401K, Payoff as much of mortgage as possible. Take Hawaiian Vacation with extended family.
“She was excited … but not as much as I am.”
Ha, I’m picturing you doing cartwheels and you’re wife is like, “Meh!” Meh with an exclamation point, but still meh!
I hope she gets more excited about Hawaii!
Our NW is up over 17% YTD which includes house and investments. We moved about 10% of investable assets to the house when we refinanced to a 15 year mortgage at the beginning of the year. Our investable asset allocation is 52/48 (equities/bonds and cash). We’re conservative because we are getting nearer to retiring. Our investments returned about 6 years worth of retirement expense coverage (after pensions, but before SS) this year.
Our thermostat is set at 68. With an occasional bump to 69 or 70 to take the chill off!
Love the blog. Still a couple weeks to go but my wife and I had a goal this year to save $100,000 and it looks like we’re going to make it. As for our net worth we are at now about $280,000, still owe $160,000 on the house. That isn’t including any equity which is probably about $140,000. We have really been into the hole fire movement for about 4 years now and are finally picking up some real steam.
Thanks for the kind comment!
And saving $100,000 in a year is amazing! Keep kicking ass!
Thanks so much! Forgot to mention for context that is about a %70 post tax saving rate.
Is that like landing a triple axle in ice skating!? Woot!
Just passed $500k NW for the first time… I think I’m up ~25% for the year, between debts paid off, contributions, and market gains.
My FI ‘anniversary’ is February 25th… I declared it my anniversary after binge ready Jacob at ERE and Pete at MMM and realizing work to 65yrs was NOT the only option.
From there I read the Frugalwoods, YOU, JLCollinsNH, MadFi, Afford Anything, etc., I made profound changes to my mental orientation to money, debt, spending, etc.
For 2017, I’m grateful to be aware and employed… it’s made it easier to unwind previous bad decisions and get my FI Journey seriously moving.
I was able to go to Chautauqua in Ecuador this year and that was an utterly fantastic experience where I met fine people, heard wonderful stories, and was even more inspired to finish my stint in Cubicle Prison and MOVE ON.
Best wishes to everyone this year end and for a happy healthy 2018!
Ok… here goes….NW (according to Personal Capital) is $1,461,204, up 17.7% from Jan 1. We’ve managed to sock away $94,000 this year (maxing out our 401k’s, IRAs and cash) but not FI yet!! Hoping we can quit our full time jobs (and crazy commutes) in 2 years and get part time jobs (with health benefits) biking distance from home. Love your blog (and MMM & Jlcollinsnh) and def have dreams of selling our big CA house and moving to CO! Just harder with high school age kids…I don’t want to uproot them at this point! Freedom for us is just a few years away!
Ps- I like the house cold. My husband turns the heat on every morning (“to take the chill off the house”) but I promptly turn it off once I’m out of bed!
Thank you for the kind comments and look me up when you get to Colorado!
Regarding the house gig, I have a consulting (marriage counseling?) gig for you when you get here!
I agree with the comments about how everything is inflated. I have been through 3 down turns (big ones). Whatever my net worth is, I divide it in half and figure that is the real number. I wonder how many people will hang on and stay the course during a 20-40% drop….
I always look forward to reading your monthly post on your net worth. It has been very exciting all the way. I also hope you will share your online income with us in a separate post. Well done!
Myfinancekits recently posted…How to pay for auto insurance premium
3.9m up 12.84%, Since I still have 10-11 years before I can probably retire b/c the kids are in elementary school, We did relax a bit and spent some of our hard earned money and took the family on a 2 week European vacation. Well worth it !!
Thanks for the making the effort to make an awesome blog.
I’m crossing my fingers like mad for a recession soon! I can’t tell you my net worth, because I’m working on changing my mindset and not looking at that. I plan to be FI in 3-5 years and would love to enter that world at the beginning of a bull market so we need a recession soon to make that even possible! Due to our inflated status, even though my net worth looked pretty, I know it will scare me when that recession hits and I’m still working on growth. So for the next few years, my focus will be on savings rate because even though my net worth has consistently grown the last few years, I hate to admit my savings rate decreased this year and while my net worth may be the bottom line once I am closer to FI…..my savings rate is within my control on my journey. I was at 52% in 2015 and 2016 and dropped to 43% in 2017 so I plan to get that back above 50% in 2018.
Net Worth: -52,526
Up from -251,300 in 2010
Massive student loan debt, multiple kids, wife not on board. STILL GOING FOR ZERO!
Whoah, that is a big hole to dig out of! Looks like you may get out of it in 2018! Good luck!
Net worth: $87419, up 40% from January 2017
We came to the FI party late (just about 2 years ago) and were in debt when we did so we are still paying off that junk. But in 2017 we did pay off two personal loans and will have another one gone in the spring of 2018. So all that’s left is about $16k of debt and our mortgage, which at less than 3% interest I”m not too worried about. I’m looking to be FI in 2030, but my hubby is technically already retired as he stays at home to homeschool our daughter, so I guess we are 50% of the way there! 🙂
Wow! Congratulations you two!!! I hope to be like the 1500s when I grow up 😉
I hope that you’re not implying that we’re grown up!
Net worth $14 M, up from $10.5 M on 12/31/2016. Held $2.5 M in cash during the year because I thought all assets were over-inflated, which hurt the return.
Holy cow, nice work!
hit 5 million this year, but I am old… 59
Nice. Can I borrow some money? 🙂
Good show 1500 team! Mine is just about $3.1 mill, and up about 500k in the last 14 months or so when I did a detailed NW analysis. Merry Christmas and Happy New Year. We are at the cusp of a big decision, tune into my blog post on New Year’s Eve for the big news.
Looks like we are in the DDCC too! Woohoo!
$510,000 Mrs. Rollover 401K/IRA
$305,000 Mrs. cash balance pension
$425,000 Mr. Rollover 401K/IRA
$335,000 Mr. 401K
$20,000 Mr. Roth
$420,000 After tax brokerage
$2,015,000 Subtotal
$285,000 Mortgage free home
$2,300,000 Total
Mr 1500days, you were always one of the guys I was ‘chasing’ with NW from my early days of lurking in the FIRE corner of the internet. I just hit $1.641million. I had a $248,000 gain for fiscal 2017 and am aggressively paying off all non-mortgage debt.
OthalaFehu recently posted…An Interesting Number
I’m looking over my shoulder!
Net worth last year ~80k
Net worth now ~80k
BUT during that time I spent ~7 months traveling and I only will be earning about 4-5k from part time work! I chalk it up as a win!
Staying even while living a kickass life sounds pretty right to me. I hope that our paths cross in 2018. Onward and upward!
This year: 1.4 million
Growth since last year: 180k
Good news: we had a baby!
Bad news: I divulged my plans for FI to my folks last night at xmas dinner, and they laughed at me like I was the biggest idiot they’d ever seen. Made me feel pretty crappy, like maybe I need to rethink things. Was hoping to retire in 5 yrs to raise my children full time…
“Bad news: I divulged my plans for FI to my folks last night at xmas dinner, and they laughed at me like I was the biggest idiot they’d ever seen.”
Be in it for the long game. I think you may be the one laughing in a decade while they ask how you did it with envy.
Like most others here, 2017 has proven to be a great one financially. Even with the birth of our first kiddo (and the Mrs. being out of work/pay for a few months) we’re doing waaaaay better than I could have thought possible a year ago.
We’ll see what the end of year numbers look like in a couple days, but through November our net worth was up $333k or 26%! The markets have had a huge part in this, but saving around 50% of our pay has been a major factor as well.
We continue to have significant portions of cash on the sidelines, but we’re also slowly deploying some (DCA) in case this market craziness continues. Heck, I thought it would end three years ago. Shows how much I know….
Freedom40Plan recently posted…Investing Lessons from Around the Office
I’m at £200k up from £135k at the start of the year, feels like it’s been a good year, wish I had more invested to make use of the awesome stock market gains. Only 27 and I feel like I’m making a good start 🙂
Cam recently posted…2018 Plans and Goals
27! My friend, you’re killing it!
I’d love to join the double comma club! Still working on my first $1mm… I’m 33 and I feel so far behind all of you! Excited to learn more and do more in the new year.
My net worth is at $684k. $190k in cash and taxable investments, Another $300k or so in retirement accounts. $150k in equity in my apartment.
Thanks so much for your advice and helping me stay on course!
Our NW is at $930,000 for 2017. I enter sweepstakes online as a hobby and won $25,000 in the GATV’s Stash of Cash Sweepstakes this year. Of course, I put it all in dividend paying stocks and will gladly pay the tax this year.
We reached the DDCC earlier this year, now sitting around 2.1M or so depending on the day. Composed mostly of primary and rental real estate equity plus a substantial amount in retirement accounts that I’ve been shifting out of the stock market due to insane valuations. Wife “retired” in June. She’s now looking into starting a home based virtual business. I’m still gainfully employed in software but am 48 and really itching to “retire” as well. Been in the process of building up passive income streams. Preferred vehicle right now is real estate. I’ve bought a couple rentals recently with more in the pipeline. My target “retirement” date is mid-2020, sooner if my wife’s side business really takes off combined with additional rental income. 🙂
Real estate is an awesome asset class! We just closed on a trailer park and are hunting for our next deal…
If you round a little, my net worth is about $2,000,000 less than yours. But, after just a year and a half of working now that I’m out of seminary, my net worth is greater than $0!!! For me, that’s a win.
Nice work! Above 0$ is good!