jelloshots4all
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Post by jelloshots4all on Mar 1, 2018 23:44:21 GMT -5
There are some truly amazing people on this board and while I rarely comment, some of your stories truly inspire me, and the discussions are awesome. It's a great group that supports one another. I know I'm not part of your "family" I still feel like I am. When losses happen, I feel for you! When milestones are reached, I want to take you out for a drink!!
I'm not a lurker and the mods can check. I can't post at work.
As I told my sister last night after a job struggle:
when you drive home today, you've got a big windshield on the front of your car. ... And the reason the windshield is so large and the rearview mirror is so small is because what's happened in your past is not near as important as what's in your future.
You all will rock it!!
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tcu2003
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Post by tcu2003 on Mar 3, 2018 21:38:33 GMT -5
I updated for February. We’re down about $17k despite the fact that DH and I each had our 401k match and profit sharing for 2017 deposited during the month. Oh well, we’ve got time and it’ll go back up at some point.
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tcu2003
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Post by tcu2003 on Mar 3, 2018 21:40:16 GMT -5
Question for the group at Large - how often do you update the value of your personal home (or other real estate)? We bought our home in summer 2014, and I still have what we paid for it as the amount I could towards our NW. I know property values in my neighborhood have increased since then, but I don’t know how I want to factor that in to my NW.
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Deleted
Joined: May 2, 2024 17:42:23 GMT -5
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Post by Deleted on Mar 3, 2018 22:27:08 GMT -5
I've left my home value the same since starting calculating NW. I don't think it's changed a lot. If it's gone up some I figure the realtor and moving costs would eat it that up anyhow.
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tallguy
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Post by tallguy on Mar 4, 2018 0:43:35 GMT -5
I was updating mine once a year when I got my property tax assessment. Now that a newer version of Quicken updates from Zillow I'll do it on the first of each month. It doesn't really matter, but why not? Values in Seattle are changing so much year-to-year it'll be nice to look back some day.
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jd2005
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Post by jd2005 on Mar 5, 2018 7:11:32 GMT -5
Question for the group at Large - how often do you update the value of your personal home (or other real estate)? We bought our home in summer 2014, and I still have what we paid for it as the amount I could towards our NW. I know property values in my neighborhood have increased since then, but I don’t know how I want to factor that in to my NW. I leave my house value as what it was during the last appraisal I had done. If no appraisal is done in a few years, I keep the same value. I used to use Zillow, monthly, but I find that not to be very accurate.
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alabamagal
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Post by alabamagal on Mar 5, 2018 12:32:40 GMT -5
I update home value a couple times a year. I look at Zillow, but pick my own comps. I bought my current house 3 years ago and value has probably gone up a little bit, maybe $10k in 3 years.
Note: my DS is a real estate appraiser, so he gave me some tips.
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jd2005
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Post by jd2005 on Mar 30, 2018 7:58:30 GMT -5
I decided to do my March net worth calculation today because the markets are closed for the holiday (https://www.networthshare.com/user/JD2005). Couple of things I noticed:
- Although the retirement savings continue to take a beating we keep adding like the steady investors we are. - Getting an extra check this month (get paid 26 times a year, not 24), and our tax refund (hangs head in shame) helped pay off the car. - Totally forgot that we signed up for an HSA with my new job (started in December last year). Added that to the NW calculation starting this month.
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Deleted
Joined: May 2, 2024 17:42:23 GMT -5
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Post by Deleted on Apr 1, 2018 8:54:03 GMT -5
This is becoming less fun to do.
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lynnerself
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Post by lynnerself on Apr 1, 2018 11:02:32 GMT -5
Question for the group at Large - how often do you update the value of your personal home (or other real estate)? We bought our home in summer 2014, and I still have what we paid for it as the amount I could towards our NW. I know property values in my neighborhood have increased since then, but I don’t know how I want to factor that in to my NW. We update once a year based on our property tax statement, which is probably slightly under it's market value.
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lynnerself
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Post by lynnerself on Apr 1, 2018 11:06:25 GMT -5
This is becoming less fun to do. In this roller coaster market I almost wish we went back to figuring NW annually like we did before retirement.
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tcu2003
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Post by tcu2003 on Apr 1, 2018 11:59:47 GMT -5
This is becoming less fun to do. Agreed! DH and I hit a 401k milestone a few months ago, which has currently been erased. Guess we’ll get to celebrate it again whenever the markets go back up.
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lynnerself
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Post by lynnerself on Apr 1, 2018 12:29:43 GMT -5
This is becoming less fun to do. Agreed! DH and I hit a 401k milestone a few months ago, which has currently been erased. Guess we’ll get to celebrate it again whenever the markets go back up. We got to celebrate the $1 mil net worth twice . Before and after the 2008 recession.
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tallguy
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Post by tallguy on Apr 1, 2018 13:15:40 GMT -5
I was updating mine once a year when I got my property tax assessment. Now that a newer version of Quicken updates from Zillow I'll do it on the first of each month. It doesn't really matter, but why not? Values in Seattle are changing so much year-to-year it'll be nice to look back some day. Well, Seattle has now led the nation in year-over-year home price gains for 17 consecutive months, tying the record. I would be shocked if we did not break it for March and make it 18 straight months. They have mine up about $50,000 for the month, so it offsets any stock market decline. Gotta say though, I would rather have it the other way. Stock market gains create value for me. Home price gains don't.
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jd2005
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Post by jd2005 on Apr 2, 2018 9:27:33 GMT -5
Agreed! DH and I hit a 401k milestone a few months ago, which has currently been erased. Guess we’ll get to celebrate it again whenever the markets go back up. We got to celebrate the $1 mil net worth twice . Before and after the 2008 recession. Less fun indeed! But...at least we have each other to know we are not crazy in keeping track of things. And who doesn't like 2 $1mm net worth celebrations in their life!?! I can't wait to celebrate it for the first time.
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Deleted
Joined: May 2, 2024 17:42:23 GMT -5
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Post by Deleted on May 1, 2018 8:12:11 GMT -5
I'm less than $2500 down from January now. I'll just ignore how much I've contributed in that time.
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jd2005
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Post by jd2005 on May 1, 2018 8:13:25 GMT -5
Peeps! Beginning of the month...time to update net worth (https://www.networthshare.com/user/JD2005).
Disney vacation took a bit of cash out...and this down market is making me feel like I am spinning my wheels and not getting anywhere. Look forward to the day the market goes back up and all these shares I'm buying at "discounted" prices make my run up exponential!
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tcu2003
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Post by tcu2003 on May 1, 2018 16:52:14 GMT -5
I'm less than $2500 down from January now. I'll just ignore how much I've contributed in that time. We’re about $2k above our January net worth now. Sigh.
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zibazinski
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Post by zibazinski on May 1, 2018 19:18:00 GMT -5
I based my house worth based on what I was just offered for it. 93k more than I paid for it almost a year ago. Now I’ve put a lot into it but still way under 93k. It’s not the house of course. Frankly the house isn’t worth much but the location is worth a lot. Even being a corner lot next to a church and the wrong school district. It’s the land not the house.
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NastyWoman
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Post by NastyWoman on May 1, 2018 20:11:50 GMT -5
$3k up from January (so down if I take contributions into account). My home equity does not get any adjustments from me and I carry ~200k-$250k less than similar condo's have sold for recently. Problem is I can't eat that condo and I do need a place to live...
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jd2005
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Post by jd2005 on May 2, 2018 9:17:37 GMT -5
Down $700 from January...but paid of $13k in a car lone since then...so not to shabby...the hurt is that we are down $4k in the retirement accounts since January...which includes our monthly contributions! Yikes!
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Deleted
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Post by Deleted on May 2, 2018 9:32:57 GMT -5
Down $700 from January...but paid of $13k in a car lone since then...so not to shabby... the hurt is that we are down $4k in the retirement accounts since January...which includes our monthly contributions! Yikes! My retirement is done 14K since January including contributions! (which I hadn't thought of looking at until you posted, so thanks)
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midjd
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Your Money Admin
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Post by midjd on May 2, 2018 9:43:03 GMT -5
Mine's still down about $10K from January, which includes the $10K in contributions I've put in since then, so really $20K... sigh.
I am thankful for Networthshare and this thread, though. Having historic data back to 2008 helps reaffirm that JD2005 is exactly right about buying in at a discount. The run-ups are fun, but these flat periods are more helpful in the long run.
Plus I can look back to 2011, when I spent almost the whole year bouncing between a negative and positive net worth, and say to myself hey... at least I'm unequivocally in the black these days!
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tcu2003
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Post by tcu2003 on May 2, 2018 18:49:10 GMT -5
Now you just made me go look at retirement accounts specifically. We’re down about $10k since January, which includes our contributions of probably about $12k, plus our employer does all of its 401k matching and profit sharing contributions in February/March, so I don’t even want to think about what the “real” number is that we’re down. Oh well, buying on sale! And we hit $1M in retirement accounts for the 2nd time now, so at least there’s that.
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weltschmerz
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Post by weltschmerz on May 2, 2018 19:09:42 GMT -5
I based my house worth based on what I was just offered for it. 93k more than I paid for it almost a year ago. Now I’ve put a lot into it but still way under 93k. It’s not the house of course. Frankly the house isn’t worth much but the location is worth a lot. Even being a corner lot next to a church and the wrong school district. It’s the land not the house. No kidding! This gem in Vancouver is selling for a cool 7 million. globalnews.ca/news/4095273/for-7-million-you-can-own-this-fixer-upper-home-in-vancouvers-west-end/
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jd2005
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Post by jd2005 on May 2, 2018 19:31:27 GMT -5
Down $700 from January...but paid of $13k in a car lone since then...so not to shabby... the hurt is that we are down $4k in the retirement accounts since January...which includes our monthly contributions! Yikes! My retirement is done 14K since January including contributions! (which I hadn't thought of looking at until you posted, so thanks) Ha!
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Knee Deep in Water Chloe
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Post by Knee Deep in Water Chloe on May 12, 2018 11:20:46 GMT -5
DH's 2018 raise was determined this week. He'll have a 7% raise starting July 1. We may actually be at the point that we're maxing out his IRA. I don't even know how any of this works! Maybe I get to put more money in my IRA also?
I may actually get to participate in this thread.
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Nazgul Girl
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Babysitting our new grandbaby 3 days a week !
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Post by Nazgul Girl on May 12, 2018 19:57:08 GMT -5
Hello everyone. After a long absence I’m able to contribute soagain. My husband had been retired for about 8 years due to health issues, and I’ve been retired for four years. Our 401ks have been converted to funds which we can manage ourselves and are largely in funds composed of stocks, but are fairly conservative. Our network is about $800,000+ now. We have income of anout $ 75000 per year from SS, one pension, and five small checks per month from annuity- like products. We live fine on this and don’t have to draw from our remaining funds. Our net worth would be higher, but we sold our rental house and invested it in remodeling our retirement home for our old age 😀
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jd2005
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Post by jd2005 on May 18, 2018 7:46:55 GMT -5
Hello everyone. After a long absence I’m able to contribute soagain. My husband had been retired for about 8 years due to health issues, and I’ve been retired for four years. Our 401ks have been converted to funds which we can manage ourselves and are largely in funds composed of stocks, but are fairly conservative. Our network is about $800,000+ now. We have income of anout $ 75000 per year from SS, one pension, and five small checks per month from annuity- like products. We live fine on this and don’t have to draw from our remaining funds. Our net worth would be higher, but we sold our rental house and invested it in remodeling our retirement home for our old age 😀 Welcome back! Awesome job budgeting so you don't have to touch your nest egg principal during retirement.
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Nazgul Girl
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Babysitting our new grandbaby 3 days a week !
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Post by Nazgul Girl on May 19, 2018 19:19:01 GMT -5
Thank you 🤗. I’m glad to be back
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