We had an increase of $264k last year and ended with $1.9m in Net Worth.
Since we started tracking and documenting our journey towards FIRE from beginning of 2017, we’re amazed how far we’ve come. In January 2017, our net worth stood at $458k. In 8 full years, we are over $1.9m. Whoa!
This year we added in the “FI Funds” in the visual. That is the value of our liquid investments.
We made the following contributions to our investment accounts last year:
- 401(k) – $14,954 (only for W) – $4,267 less than in 2023 but hit goal set last year
- IRAs – $14k (combined for both) – hit goal of max limit; as we did in 2023
- Brokerage – $0 – was $2,00 in 2023, and this wasn’t a priority last year
- 529 – $3,000 – $800 more than 2023, and hit stretch goal
- HSA – $8,300 – $1k paid by employer, so we put in the max $7.3k allowed
In all, we contributed $39,254 to our investments in 2024.
We took a planned international trip last year, for us to see family. Then M had to make that same trip again, alone, as a parent passed away. Then another planned international trip for all three of us to one of the most expensive countries in Europe, over Thanksgiving. And then ….M took another trip back to take care of some things! A LOT of travel, and money spent on travel, this past year.
For 2025 we don’t have a single international trip planned. We do, however, anticipate quite a bit of road travel in domestically this year. We’ll see how that pans out.
Goal for 2025:
- IRA: Hit max limit of $7k individually; $14k for both
- HSA: Hit max limit of $8,550 for families. W’s employer chips in with $1k, so out of pocket for us would be $7,550
- 401(k): Hit $15k.
- 529: Minimum of $3,000. $3.5k would be a stretch goal.
- ……anything else would be just gravy
Net Worth, Anon 