Comments on My Finances 10 Years Ago and NowTypePad2008-05-22T10:29:00ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2008/05/my-finances-10/comments/atom.xml/SavingDiva commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e55282862c88332008-05-27T19:39:33Z2008-08-30T21:07:24ZSavingDivahttp://savingforhome.blogspot.com10 years ago...I was a junior in high school! :) I guess I probably had some savings...but nothing worth bragging...<p>10 years ago...I was a junior in high school! :) I guess I probably had some savings...but nothing worth bragging about!</p>Param commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e5528dc1b088342008-05-23T07:20:41Z2008-08-30T14:21:12ZParamI managed to raise my net-worth from ~100$ (less than 2 yrs on a job, staying with parents) to ~...<p>I managed to raise my net-worth from ~100$ (less than 2 yrs on a job, staying with parents) to ~ 500K$ (still staying in a rented house but will own a house next year hopefully without a loan). I guess stock options have a lot to do with it (not sure if I feel guilty about that), but bigger contribution might be from getting married, having a child & then realising the need to start the baby steps in financial planning...</p>Cameron commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e5528d799f88342008-05-23T06:46:57Z2008-05-23T06:46:57ZCameronTen years ago! Thats half my life! I was 10 years old. Now that is very strange to think about…...<p>Ten years ago! Thats half my life! I was 10 years old. Now that is very strange to think about…</p>
<p>Obviously I was still living with my parents and I didn’t have very many expenses. Surprisingly I was very protective of what little money I had. I had my first Summer Job re-stacking my neighbors wood pile and feeding his chickens every day. 3 dollars an hour! About 75$ per month. I was a smart kid and saved most of it… (Ten years later, I have no idea where that money went. Thankfully though, I am back into the savings mentality)<br />
</p>deepa commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e55272fa2388332008-05-23T02:12:35Z2008-05-23T02:12:35Zdeepa10 years ago i was in College and matters were very worse financially as my father was not working and...<p>10 years ago i was in College and matters were very worse financially as my father was not working and only my elder sister was the bread winner. But after 10 yrs i have a good job. Changed 2 jobs, 2 job relocations and have a house and some savings. Now, i'm looking forward to get married to a financial savvy so that we can grow our net worth together. For Sure this 10 yrs journey was amazing and was a roller coaster ride. </p>
<p>By the end of the next 10 yrs I should have a husband who earns enough, beautiful kids, a house, a car,and an emergency fund and other consumer stuff required to live happily. I'm looking forward for the next 10 yrs eagerly. </p>Anonymous commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e5526f9e5788332008-05-22T21:06:24Z2008-08-29T12:18:00ZAnonymous10 years ago I had just finished my first year working out of college, and was interviewing for job 2...<p>10 years ago I had just finished my first year working out of college, and was interviewing for job 2 because job 1 payed so little. I got the new job and a 57% raise and promptly bought a 4-year old semi-luxury car that was worth the value of the raise. Dumb? Maybe. But I still have the car, which is very reliable. I couldn't have told you my net worth at the time if my life depended on it. I did at least put some money in my 401k. </p>
<p>2 years thereafter is the last point I can track- I sold almost everything that didn't fit in my car, parked the car at my parents' house, and moved to Europe for a 6-month low-pay work assignment. I went overseas with $5000 to my name, and $400/month in salary. I came home with about $1000 left. </p>
<p>If I make a reverse-engineered guess, I was probably at a net worth of -$24,000 when I returned stateside in mid-2000.</p>
<p>Today, I'm married and our net worth is just shy of $50,000. Considering we both spent 2 years in grad school in the last 8 years, we're making progress, though not as fast as I'd like.</p>
<p> </p>Thomas commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e552856d6c88342008-05-22T19:18:00Z2008-08-29T00:43:07ZThomasHi Dino, Good luck with the job search. Congrats on already having a Roth, I wish I had started one...<p>Hi Dino,<br />
Good luck with the job search. Congrats on already having a Roth, I wish I had started one that early. What worked for me is topping out the 401k's after I started working, changing my first few jobs relatively often let me close each of them out (& Roth'ing the balances), therefore pouring money (~$15k/yr) into my Roth pretty quickly. Just my two cents.</p>Dino commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e5526cd6e888332008-05-22T18:17:16Z2008-08-30T03:11:06ZDinoCraig: I was going to guess Fort Collins. 10 years ago. A little over one year out of high school...<p>Craig: I was going to guess Fort Collins.</p>
<p>10 years ago. A little over one year out of high school and just out of basic training. $2k in CD somewhere. </p>
<p>Now: Just out of college $16k in a roth. $11k school debt and $8k owed on a truck. No job as of yet but I am optimistic. </p>Thomas commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e55284103a88342008-05-22T17:52:34Z2008-05-22T17:52:34ZThomasCraig: You don't happen to live here in Corvallis do you? :-)<p>Craig: You don't happen to live here in Corvallis do you? :-)</p>Ryan S. commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e5526bc33688332008-05-22T17:07:43Z2008-05-22T17:07:43ZRyan S.I'd have to say that my net worth over the last 10 years has seen an infinity percent return since...<p>I'd have to say that my net worth over the last 10 years has seen an infinity percent return since I was worth nothing, actually negative. I was single and just out of college and about to go to grad school.</p>Financial Goal commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e552834b0a88342008-05-22T17:04:45Z2008-08-27T12:34:45ZFinancial Goalhttp://www.goaloffinancialfreedom.com/10 Years ago, I was in College with 0 net worth. I have since then increased my net worth, however,...<p>10 Years ago, I was in College with 0 net worth. I have since then increased my net worth, however, I am always looking for ways to increase it even further along then what it is now. </p>Craig commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e5526aa24288332008-05-22T16:02:36Z2008-08-29T17:05:20ZCraigIt's not always linear. The first 5 years out of grad school got me nice raises and bonuses, but the...<p>It's not always linear. The first 5 years out of grad school got me nice raises and bonuses, but the last five have been rather dismal. I work at the world's largest computer/printer company and the rewards side has been flat as the corporation has gone through a lot of changes (and still is). </p>
<p>Overall I'd say we've done well, but inflation, job insecurity, and kids hitting adolescence has made things become tough for a family living on one income. The good: paid off $50K in student loans, have about $225K in retirement accounts, about $200K equity in our house, about $30K in savings/investments. The bad: paydays seem far apart, constant threat of layoffs in a college town with no other major employers, and we're at that point where you really want your kids to have stability and security in their familiar surroundings...</p>Anitra commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e552824b1c88342008-05-22T15:54:26Z2008-08-29T17:08:21ZAnitrahttp://ithilien.mine.nu/Hah... 10 years ago I was in highschool, and had no real assets of my own. Of course, I had...<p>Hah... 10 years ago I was in highschool, and had no real assets of my own. Of course, I had no debt, either, so my net worth was significantly higher (it's currently negative due to student loans and some stupid money management in college).</p>
<p>10 years from now, I'd better have a positive net worth of (at least) five figures; by then, the only debt I should still have is my mortgage. Of course, I'll also have a nine-year old child, so who knows what else will happen...</p>gtFMF commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e552696e4388332008-05-22T14:33:05Z2008-08-30T21:10:21ZgtFMFCongrats, you're almost up to $1 Million! Based on my calculations you're right around $966k, which is not too bad!...<p>Congrats, you're almost up to $1 Million! Based on my calculations you're right around $966k, which is not too bad!</p>
<p>10 years ago I was 21, still in college with about $20k in credit card debt and not much else. My then fiancee, now wife just started college and had 4 years to go. Now our net worth is right around $220k, 45% of it is in 401(k) funds, 11% in our house, 25% in stocks the rest of it is in short term savings and personal belongings.</p>
<p>We have two beautiful kids, a nice home, no consumer debt other than our mortgage and life is pretty great. I hope to have the next 10 years just as good if not better than the last!</p>MonkeyMonk commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e55268c6d288332008-05-22T13:37:40Z2008-05-22T13:37:40ZMonkeyMonk10 years ago my wife and I were a few years out of college and in the process of buying...<p>10 years ago my wife and I were a few years out of college and in the process of buying our first home but struggling to come up with the 10% down payment of $25,000. We ended up borrowing $10,000 from our parents to close the deal but it left us with less than $5,000 in our savings account. 10 years, 3 houses, and 2 job relocations later our net worth has gone up to just a bit under a million. It was a really good time to be buying and selling a lot of houses.</p>Kevin commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e55268830388332008-05-22T13:14:45Z2008-08-28T06:50:00ZKevin10 years ago I graduated college this month and also purchased my first home. The next month I got married...<p>10 years ago I graduated college this month and also purchased my first home. The next month I got married and for the next 5 years managed to get into trouble with credit cards until finally saying it was enough, selling my second house, getting a divorce and moving to a cheaper apartment.</p>
<p>10 years later we're completely debt free except our mortgage, our net worth will probably hit six figures this year or definitely next year and I'm making a good salary that allows my wife to only work part-time and stay home with our little guy 2 days a week. I'm in line to be partner at my firm and we're beginning the process of searching for our next home that we'll hopefully be in for 15-20 years.</p>
<p>We are truly blessed.</p>Rachel @ Master Your Card commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e55267ff9588332008-05-22T12:47:38Z2008-05-22T12:47:39ZRachel @ Master Your Cardhttp://www.masteryourcard.com/blogYou make it sound so simple. However, I am much better off than I was 10 years ago. I was...<p>You make it sound so simple. However, I am much better off than I was 10 years ago. I was renting a house and in a temporary job. I now own (with my bank!) a house and have a husband who earns enough to keep the family. I am earning myself and all of my money pays extra money off the debts. I feel that I am far more financially savvy and although I have a mortgage hanging over my head, I have no other debt and have a goal to pay my mortgage off quickly. Also I am very happy and secure.</p>DreamChaser commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e55267b0fa88332008-05-22T12:22:15Z2008-08-28T06:46:42ZDreamChaserIn 1998 I was 25, married with a 3-year old. My salary was 48,000, in 2007 it was 232,000. My...<p>In 1998 I was 25, married with a 3-year old. My salary was 48,000, in 2007 it was 232,000. My investments (stocks, mutual funds, retirement) in 1998 were valued at $39,405. They are currently just under $1.1 million.</p>DreamChaser commented on 'My Finances 10 Years Ago and Now'tag:typepad.com,2003:6a00d83451bcbd69e200e552670b6488332008-05-22T11:34:18Z2008-08-29T17:10:19ZDreamChaser10 years ago I was 25, married with a 3-year old. I had stock/mutual funds/retirement accounts valued at $39,000 -...<p>10 years ago I was 25, married with a 3-year old. I had stock/mutual funds/retirement accounts valued at $39,000 - now those accounts are at $1.1 million. My salary was $48,000 in 1998 and in 2007 it was $232,000. It has been a very good 10 years. </p>