No. of Recommendations: 33
Hi all,
Its been quite a few years since I have posted on the CCboard but just had to drop a line to say
Hey and thank once again for the help and encouragement that I received years ago digging out of nearly 45K in Consumer Debt $33,795 of which was on Credit Cards. I was cleaning up an old laptop and came a cross my old Networth spreadsheet that I haven’t used since early 2010. I Plugged in my current numbers just for fun.
2004 NetWorth -$15,860.00
2005 NetWorth $30,840.00
2006 NetWorth $69,384.00
2007 NetWorth $106,158.00
2008 NetWorth $105,000.00
2009 NetWorth $203,681.00
2010 NetWorth $208,216.00
....
2014 Networth $417,125.00

Pretty assume nearly $433,000 swing from complete disaster in 2004 to Now even with the 2 bear markets taking a big bite out of network in 2008 and 2010 was still able to more than double retirement accounts. Whats also cool is for nearly a year and a half DW has been going to school full time leaving her factory job and will graduate in May with a Physical Therapy Assistant degree all of which we saved up and paid for. Looking forward to getting back to saving a lot more once she is back working doing something she enjoys. Have another 12 or so years to retirement has had it challenges but we have been doing alright lots of work to do to break the 1M network but going to keep working at it going to make it to financial independence someday any CC board helped a lot so once again, Thanks
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No. of Recommendations: 3
It's good to hear from you! I'm glad that the hard lessons you learned have continued to have a impact and you and your wife have profited from them.

I hope all goes well for you both.

Nancy
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No. of Recommendations: 2
royinstl

Among other things, you wrote, Pretty assume[sic] nearly $433,000 swing from complete disaster in 2004 to Now even with the 2 bear markets taking a big bite out of network in 2008 and 2010 was still able to more than double retirement accounts. ...

Congrats! Keep up the good work!

My experience kind of mirrors yours over the same time period. I'm not entirely sure where you're getting 2 bear markets ... though I suppose most people include the EU crisis and flash crash. I was in the black in 2004, though my wife's debts offset most of that. So I took a big hit getting divorced that year. My finances have soared since with only a small hiccup in '08 & '09 when the markets were down and I was unemployed.

- Joel
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