OK, a lot of folks have done postings on their net worth (and how much it took a hit in 2018). I figure I’d join the crew and open up the windows to the folks outside. I know this is a topic of some controversy within the FI community, as some folk’s post their net worth, and some folks are loathe to do it. I believe that the more information folks have, the better they can judge my writings and decisions versus their own.
Like many others, I’ve posted my net worth on Rockstar Finance. So here goes.
|Real Assets||Value Jan 1, 2018||Value|
|Mrs. 39 Months Car||$3,650||$3,981|
|Mr.39 Months Car||$5,251||$4,353|
|Mr. 39 Month’s Roth IRA||$135,025||$178,199|
|Mr. 39 Month’s IRA||$298,748||$234,647|
|Mr. 39 Month’s 401K||$55,467||$61,732|
|Mr. 39 Month’s Deferred Savings||$56,566||$105,889|
|Mr. 39 Month’s Checking/Savings||$9,249||$8,925|
|USAA Brokerage Account||$53,481||$22,526|
|Pop’s stretch IRA||$135,205||$127,882|
|Mrs. 39 Month’s Checking/Savings||$119,658||$119,658|
|Mrs. 39 Month’s IRA||$162,001||$104,627|
|Mrs. 39 Month’s Roth IRA||$89,448||$135,481|
|Credit Card bill||-$1,288||-$3,240|
Overall, net worth dipped about 1.9% for 2018, and this after pumping in around $87K of money during the year. Needless to say, it wasn’t a “banner year.” However, it’s the first dip in my Net Worth since the 2008 crash, so a good ten year run. Since my growth plans are based on my long term growth rate of 6% (what I’ve averaged over the last 22 years, including the 2000 and 2008 stock dips), I’m still in the ballpark.
Key lessons learned for Net Worth in 2018?
- Real estate not really jumping up in my area (Southern NJ). My value hasn’t moved much since 2009.
- Cars have depreciated a lot – but they continue to run well (regular maintenance) so no need to replace anytime soon. Slowly saving up for new ones at some point of time in the future.
- Roth IRA conversions altered the makeup of my retirement accounts. Will probably due one more $50K conversion, and then let it ride from there. Used money from investment account to pay taxes, so it dipped a lot there.
- Put aside 25% of paycheck and 100% of bonus to deferred account, so that jumped up significantly over Jan 1, 2018. No taxes paid until I leave work (when it gets paid out as a lump sum). This will end up being a good portion of my year 1 & 2 of FIRE money
- Credit card bill was from one of our Pet’s emergency medical costs (ouch!). We have the money to pay it off, so no big thing
Overall, while our Net Worth took a slight dip, we will continue with the plan. I believe we are still on track to retire in 18 Months (if we want), or we could retire now if we felt confident in US Social Security.
How did your Net Worth go in 2018?
Other FI Bloggers and their net worth
Mr. 39 Months