Update on Net Worth Growth
I've been struggling with a mental block over the past year that we are in a funk. Part of it is career frustrations, part I think a loss of focus, and I think part is a sense that we are not on the right trajectory for our financial goals. After all, we are only nine years away from 2021, where we set a goal to be financially free with a net worth of $2 million.
The funny part is I feel like we haven't been making progress growing our net worth over the past year - I think that has to do with in large part the stock market slump earlier in the year. With the monthly investment reporting that I do, I probably need to step back periodically and look a the bigger picture to get a clear sense of how things are going. To help get out of this funk I figured it would be good to get an updated view of our net worth grow:
Also see our 2011 net worth review
Looking at this chart I don't have a lot to complain about - we are clearly headed in the right direction and making regular progress. However it helped me see that our net worth grow is becoming more linear and less exponential. That makes a lot of sense as our expenses are clearly increasing with lifestyle inflation and a growing family. Likewise my job income has nearly flatlined and I haven't seen a raise >= 5% since 2008. My career plateau is probably where more of my sense of frustration is coming from.
Somedays I think it would be great to just walk away from the current career and start plugging away at my personal goals/projects like this site and others. Then I look at the income gap that would be left from my current job and I grimace as I know I'm stuck in the rate race for quite a bit longer.
Related in Net Worth:
December 2016 Net Worth Update (+$19,452) (Feb 04, 2017) Highlights for DecemberIm far behind with updates on the blog for the past several months. Playing catch-up.We closed 2016 with a nice gain offsetting increased spending. Our net worth rose $170,147 in 2016 still comfortably ahead of our financial...
August 2016 Net Worth Update (+$27,077) (Oct 03, 2016) Highlights for AugustOur net worth hit $1.5M for the first time in August. It took 43 months to growth $500,000 since January 2013 when our net worth first crossed $1M to get here. I signed up for a US...
July 2016 Net Worth Update (+$33,703) (Oct 03, 2016) Highlights for JulyJuly was a much quieter month for us as we returned from our overseas trip from Vienna early in the month and stayed home for the rest of the month.After turning the keys over in June on...