Net Worth Comparison

challengeclub's Profile

Currency
Australia Dollar - AUD
Date Joined
11/22/2014
Salary Range
150,000 - 199,999
Occupation
Internet/Web/E-Commerce
Age Range
50-54
Cost Of Living
[not specified]
About Me
As of July 2021 the entity here is now fully a couple (combined finances) no longer one individual person. Hence the spike up.
Why I Joined
To track net worth and look at others as well - comparing self
Best Financial Decision
Starting at least even if it was a little late, still better than never! Really getting into investing and growing plus keeping track to really see if results were getting achieved. Over time the path gets clearer to see something is going right.

Looking hard at and learning from past mistakes.
Worst Financial Decision
Leaving it fairly late to start: Starting from zero in January 2005 at age 35. Should have started 5 if not 10 years earlier!
Some of the real estate wasn't the best. Could have picked better opportunities.
Current Investing Strategy
Build new house during 2022/2023 with reasonable mortgage at the end. Move into it in mid-late 2023. All while still having investments which will continue to grow and then be partly used to clear mortgage completely around mid 2025. Retire some years later. Super to arrive at 60 as clear path. Later in life may be eligible for a part pension in addition to draw down of accumulation, unless investments are too large and then doesn't matter anyway.

A portfolio of somewhat speculative stocks on the cusp now that have performed exceptionally well and expect to still rise significantly in the long run. They may even spike in the ST in which case will make a trade.

Expect WBT.ASX to run ahead in 2023 - may trade out half for AKP.ASX to have that have its run then (it is due ). Will see.

A jointly owned (with my brother) investment property which is positively geared with only 50% debt and will provide initial retirement funding when sold.

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TARGETS
$1M Networth (couple) [CHECK - FEB 2022]
Networth higher than the NetworthShare Median (approx $1.2M*) [CHECK - MAR 2023]
*This is USD while my networth is AUD - however will ignore that
Networth higher than AUD equiv (approx $1.775M) - NEXT GOAL
Stretch Goal:
AUD $1M assets outside of Home (couple) - if possible (long shot but maybe if can hold some of the investments into the VLT however if retire earlier I need money - will see)

GOALS
Pay off house debt with part of stocks once grown higher
Sell IP
Retire mid decade
How do you manage your finances?
Deep research into seemingly speculative stocks that can actually offer significant potential balanced out with safe solid real estate investments.
What tools do you use?
Spreadsheets for portfolios and budgets. Online trading accounts.
Last Login
8/31/2023
Budget
This user has not created a budget
Net Worth Entries
All values shown in AUD ($)
2023 - September $1,578,200 $364,500 $1,213,700
2023 - August $1,615,900 $364,700 $1,251,200
2023 - July $1,614,800 $365,000 $1,249,800
2023 - June $1,648,500 $365,100 $1,283,400
2023 - May $1,510,200 $260,700 $1,249,500
2023 - April $1,512,500 $260,900 $1,251,600
2023 - March $1,515,100 $261,800 $1,253,300
2023 - February $1,508,500 $262,100 $1,246,400
2023 - January $1,469,700 $267,800 $1,201,900
2022 - December $1,301,700 $140,500 $1,161,200
2022 - November $1,230,700 $135,200 $1,095,500
2022 - October $1,153,200 $135,200 $1,018,000
2022 - September $1,157,100 $133,500 $1,023,600
2022 - August $1,162,000 $133,500 $1,028,500
2022 - July $1,154,600 $133,500 $1,021,100
2022 - June $1,155,400 $133,500 $1,021,900
2022 - May $1,151,800 $133,500 $1,018,300
2022 - April $1,146,300 $133,500 $1,012,800
2022 - March $1,165,600 $133,500 $1,032,100
2022 - February $1,157,100 $133,500 $1,023,600
2022 - January $1,093,500 $133,500 $960,000
2021 - December $1,096,000 $133,500 $962,500
2021 - November $1,103,000 $133,500 $969,500
2021 - October $1,099,300 $133,500 $965,800
2021 - September $1,090,900 $151,400 $939,500
2021 - August $1,044,700 $133,500 $911,200
2021 - July $1,081,500 $183,400 $898,100
2021 - June $949,700 $133,500 $816,200
2021 - May $963,500 $133,500 $830,000
2021 - April $956,000 $133,500 $822,500
2021 - March $979,400 $133,500 $845,900
2021 - February $957,100 $133,500 $823,600
2021 - January $898,100 $133,500 $764,600
2020 - December $853,800 $133,500 $720,300
2020 - November $848,200 $133,500 $714,700
2020 - October $834,900 $133,500 $701,400
2020 - September $824,300 $133,500 $690,800
2020 - August $817,100 $133,500 $683,600
2020 - July $812,100 $133,500 $678,600
2020 - June $1,136,100 $459,100 $677,000
2020 - May $1,124,100 $459,600 $664,500
2020 - April $846,900 $460,200 $386,700
2020 - March $910,200 $460,700 $449,500
2020 - February $920,900 $461,200 $459,700
2020 - January $911,600 $462,700 $448,900
2019 - December $910,000 $472,800 $437,200
2019 - November $711,470 $296,400 $415,070
2019 - October $708,970 $296,900 $412,070
2019 - September $705,430 $297,440 $407,990
2019 - August $700,450 $295,900 $404,550
2019 - July $701,400 $296,700 $404,700
2019 - June $688,400 $288,200 $400,200
2019 - May $684,900 $288,700 $396,200
2019 - April $680,500 $288,300 $392,200
2019 - March $680,000 $289,800 $390,200
2019 - February $675,800 $290,400 $385,400
2019 - January $672,900 $290,000 $382,900
2018 - December $674,640 $290,560 $384,080
2018 - November $675,400 $292,000 $383,400
2018 - October $687,460 $294,160 $393,300
2018 - September $807,200 $419,400 $387,800
2018 - August $810,700 $419,800 $390,900
2018 - July $779,400 $392,800 $386,600
2018 - June $780,700 $394,200 $386,500
2018 - May $775,600 $394,650 $380,950
2018 - April $770,880 $384,800 $386,080
2018 - March $768,370 $386,660 $381,710
2018 - February $756,800 $368,500 $388,300
2018 - January $759,400 $371,500 $387,900
2017 - December $758,000 $371,000 $387,000
2017 - November $442,600 $75,000 $367,600
2017 - October $438,520 $75,000 $363,520
2017 - September $437,470 $76,000 $361,470
2017 - August $433,730 $76,000 $357,730
2017 - July $431,800 $76,860 $354,940
2017 - June $430,410 $77,500 $352,910
2017 - May $427,470 $77,500 $349,970
2017 - April $429,100 $78,000 $351,100
2017 - March $430,880 $78,500 $352,380
2017 - February $424,250 $79,500 $344,750
2017 - January $843,520 $500,860 $342,660
2016 - December $836,880 $501,040 $335,840
2016 - November $837,180 $501,860 $335,320
2016 - October $826,740 $503,590 $323,150
2016 - September $828,550 $502,650 $325,900
2016 - August $828,510 $504,310 $324,200
2016 - July $831,140 $504,960 $326,180
2016 - June $836,020 $506,660 $329,360
2016 - May $839,790 $507,790 $332,000
2016 - April $841,570 $510,470 $331,100
2016 - March $840,390 $511,600 $328,790
2016 - February $852,720 $513,310 $339,410
2016 - January $861,650 $514,430 $347,220
2015 - December $839,390 $515,550 $323,840
2015 - November $829,840 $518,860 $310,980
2015 - October $787,590 $499,280 $288,310
2015 - September $789,630 $500,910 $288,720
2015 - August $795,910 $501,990 $293,920
2015 - July $789,800 $503,750 $286,050
2015 - June $790,670 $504,680 $285,990
2015 - May $769,100 $482,950 $286,150
2015 - April $768,390 $485,590 $282,800
2015 - March $769,820 $487,470 $282,350
2015 - February $767,400 $488,400 $279,000
2015 - January $766,400 $488,800 $277,600
2010 - January $462,000 $310,000 $152,000
2005 - January $30,000 $30,000 $0