Question

Do you track your net worth? If comfortable, share your progress from 2019 or so far this year.  

Answer 1

Got myself close to a net worth of zero. First year in the work force after my undergraduate and moving across the country. So student loans, plus a new $15k auto loan for the girlfriend, minus what I was able to save/invest (I have my car paid off which is worth about $6k but don’t count it towards NW since it’s always depreciating and I don’t plan to get rid it of it until it’s dead), puts me somewhere close to $0.  

Comments

How does your girlfriend’s car note count against your net worth?  

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@iconostasis23 I have two cars. The loan counts against my NW. The other car I own and have the title to is worth $6k, and I don’t add that to my NW. So if anything, I’m worth more than I say. Or are you asking why I took out a loan for/with my life partner? If so, it’s because my credit score is 800 and I work for a credit union that allowed me to have an interest rate of 1. 8%. We split payments.  

Answer 2

We do. It went up by a bit over $40K

Answer 3

I quadrupled my savings in just 12 months. I now have $4. 00 in my Roth. My financial self-help book is available on Amazon if you want to learn my secrets.  

Answer 4

So I tracked it actually by my company's financial year. Year 1 I grew it by 23k, to 18k. Now I'm ~halfway through year 2 and I've raised it another 12k to 30k total.  

Answer 5

Disclaimer -I closed a restaurant last year - I've gone from -59, 000 - to -35, 000 - I was at 90, 000 before the restaurant

Answer 6

+34k, tsla helped.  

Answer 7

Psh negative  

Comments

@mesotron thanks ! Your podcast is helping, found it a few months ago and started from the beginning, its amazing!  

Answer 8

Started tracking in august. Went from 20k to 45k in that time! Hoping to have it to 100k by EOY.  

Answer 9

It’s not easy to do as you have to estimate your property value and cars etc

Comments

@fitted339 There are several free online tools that can do that for you. either select the tools you feel to be most reliable or use several tools and average the values.  

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@fitted339 I would not count cars, personally. They are usually a depreciating asset. Unless you’re a collector or something. ‍♀️

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@schizophyceous The only reason I do is you count the car loan vs the cars value

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@fitted339 ah. Ok. I think I always just tracked the loan debt but not the value. It’s been a while since I paid mine off. Buying used from here on out. New car was the worst financial decision I ever made.  

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@schizophyceous Agreed I don’t buy new either, had my last car 1 year old but still it was around £42k (maybe $60k)

Answer 10

70k down to 49k 2019 was a rough year.  

Comments

@mesotron I'm at 0 debt now outside of car lease. So 60k with fully funded emergency fund

Answer 11

Went from 25, 000 to 75, 000 one year.  

Answer 12

It’s only been two months since 2019!  Up about $6k. But that’s Dec. 15th to Feb 15th. I track it each month on the 15th. Emergency fund took a hit due to medical expenses in that time frame, so not bad. ‍♀️

Comments

@mesotron I know. still hate taking the hit. But better than charging it to a credit card for sure!  

Answer 13

To answer the question, about increased by £88k in a calendar year but investments and house prices are volatile

Answer 14

Up 23% in the last year

Answer 15

Went from -$134k to -$83k from 12/2018-12/2019. Up 38%

Comments

This is huge McKenna, nice!  

Answer 16

Up +40% in 6 months  

Answer 17

Up +58% this year. 111K to 190k. Continued to max out retirement, saved other funds, and bought a house with equity in it. No debt except for the mortgage. 5 yrs ago my net worth was $2k and before that it was negative debt. Thanks to many communities like this I finally learned how to be financially responsible (in my thirties). Love this question, the results, and people helping people achieve goals. This is what its all about.