It’s a bit late for the 10 year challenge posts, but eff it. I found I was curious about this if people want to play. How were your finances in 2010 vs the beginning of 2020? Bonus: where do you want to be by beginning of 2030?
I’ll go first:
Net worth was around $3,000 USD, was halfway into my first year at university in my mid-early-20s. Most of my college expenses were being paid by education award from doing national civilian service, fellowships, and the Pell Grant.
No debt, just opened my first credit card in order to build my credit, but not really using it.
Rent was $288 per month living with 4 other people.
Giving was 10% of take-home pay (around $80 per month).
I was saving $50 in a roth IRA every month.
My annual income that year, according to the social security administration was: ~$13,000.
I worked three jobs: as a library assistant, a computer support tech, and a graphic designer for campus career services.
Net worth is ~$25,000, give or take market gains and business expenses.
Rent is: $615 in an apartment with one other person.
Annual Income: Between $30,000 - $70,000 depending on business and if I keep job
Work: FT job is doing data for $50K year, second job is $1,200 month salaried for radio station, third job is ~$200 a month take-home running my own business (most business profits go into freelancers and COGS).
Debt: $0 personal but waiting on taxes, may have tax debt in April.
Have 6 credit cards (with no carry over balances but open limit of $40,000) due to the hobby of travel hacking. FICO score ~810
Saving At least $6,000 in a Roth IRA, including cash savings around 30% of gross income.
Giving is 5% of take-home (around $1,500 annually).
Net worth is >$150,000.
Annual income is >$70,000.
Saving: 50% of annual salary.
Giving: 10% of take-home.
Living somewhere quirky, urban and within my means - with a BATHTUB DAMMIT.
Debt: $0 personal unless I have a property.