Our net worth revealed

Published April 1, 2017   Posted in How to Think

It’s been a long time since I published our net worth on the blog, but that doesn’t necessarily mean I’ve been keeping it private. In fact, it’s been published on the Rockstar Net Worth Tracker all along. But today – the day that we set sail, I’m spillin’ the beans right here.

True to form, I’m not making you read a bunch of text before I reveal the number, so here goes:

Our net worth: $890,000

Why did I wait this long before publishing? Because I can. Truthfully, no other reason. I wanted to do something special on our first day of full-time travel, and I figured that officially revealing our net worth fit the bill quite nicely.

Wait, you don’t even have a million?

No sir (or ma’am). Like I wrote about previously, we don’t need a million to retire in our 30s. Our lifestyle is frugal enough to support our love of travel and adventure now. Life is short, and it’s just not worth the additional months of working unfulfilling jobs just to acquire double-comma status. Another year of working would easily bump us up over a million. But…

We just don’t care.

Most retirement calculators have us accumulating a million years down the road anyway, even without working another hour in a full-time position. But even if we don’t, no big deal. Our focus is on happiness and fulfillment, not on money.

Here’s a look at ourΒ Personal Capital retirement planner:

Since November, the market has been amazing. We’ve bumped our net worth up another $100,000 or so, making this transition into full-time retired life easier for my wife (who is the worrier in the family!). She ain’t worried any more. And we’re both super ready.

Speaking of which…you know what we’re doing today?

We’re leaving Tucson. Today, we officially begin our life of full-time travel.

More to come…so much more.

Why do I publish our net worth?

Publishing your net worth number is a bit of a contentious issue, and folks on both sides feel equally as strong about why they do, or don’t, publish their number. For me, it’s quite simple: I publish our net worth because I know how helpful it is to others who read my blog.

It’s that simple.

When I first started to pursue early retirement, knowing this number from those whom I followed was an incredible benefit. It helped me to understandΒ how close my situation was to theirs. It provided the context I needed to begin putting the pieces into place to make early retirement happen for me. These numbers taught me that you don’t need $10 million to retire early. In fact, you don’t even need a million.

Knowing my favorite blogger’s net worth helped me tremendously. The least I can do is return the favor.

We track our net worth using Personal Capital



Comments

80 responses to “Our net worth revealed”

  1. So where are you heading first?

    • Steve says:

      Picacho Peak will be our first stop, which is only about 45 minutes north of town! Yeah, we’re rolling out slow, but it’s a place that we’ve already wanted to visit. We drive by it on the way up and back from my in-laws, and we always remark about it.

  2. Thanks for sharing Steve. I always go back and forth on this too. Curious if you’d write about your side hustles and related income in the future. Hope your first couple days of travel go smoothly!

    • Steve says:

      Thanks Fervent. We plan to be as transparent as possible with any income in early retirement. I have no plans to write monthly reports, but perhaps bi-yearly. πŸ™‚

  3. Awesome job! That is quite an accomplishment at such a tender age πŸ™‚ I look forward to living through you guys as we press on towards our FI goal. Please continue to post plentiful pics of this beautiful planet to keep us motivated!

    Lisa

    • Steve says:

      Thanks MMM – oh, I definitely plan to post my photographic escapades as we travel the country – both here as well as on Instagram. πŸ™‚

  4. I love it Steve! You have your plan figured out and that’s what matters. This week when I wrote about our plan for fund the gap (until my pension hits in 5 years) – people said we shouldn’t depend on our pensions (or Social Security). We’d be working until we’re 70 if we believed all of that hype. Will they be fully funded forever? Maybe not – but we aren’t going to keep working to wait for Doomsday. Thanks for always being an inspiration! Safe travels and congrats to Courtney on being done with work!

    • Steve says:

      Thanks Vicki! I understand the gravity of early retirement, but I personally don’t understanding being so damn overly cautious. Yes, things can happen. But, things can happen regardless of how much money we happen to have in the bank. Life is short. The world could end tomorrow. You might develop a debilitating illness next week and not know about it for a year. If we live based on the “what ifs”, then we aren’t truly living. πŸ™‚

  5. I still remember a conversation among coworkers on my very first project, when I was 21. I was working on a team with a bunch of senior people making six figures — a few of them big six figures. “What’s your number?” one of them asked — referring to how much you’d need saved to call it quits, I guess. “Eight million,” said one of them. “Four.” “Two,” said the second most junior person of the team. They looked at me. “Um, one?”

    Cheers to your new life of adventure! Couldn’t be happier for you. πŸ™‚

    • Steve says:

      Thanks Matt! It’s going to be a wild ride, I know it. And then our next adventure will eventually come around and we’ll start all over again. Variety is the spice of life, I tell ya!

  6. That’s a nice number right there πŸ™‚ Sounds like you made the right move and I can’t wait to see the adventures that you go on.

  7. Mrs. BITA says:

    Safe journeying Steve! May your tires always have the requisite pressure and may you be inundated with gorgeous sunsets.

  8. AMEN! Safe and happy travels to you both! I hope to see lots of wonderful pictures and beautiful smiles as you go.

  9. Chris @ Keep Thrifty says:

    Happy exploring! Looking forward to hearing updates from the road!

  10. vicki says:

    I’m super excited for you two! Yes, seeing the net worth is so helpful in our own planing. Keep us posted on the places you visit, if you have time! I love trip reports. My husband and I also eat a whole foods, plant-based diet. We also lift weights regularly. Have you found a way to combine your workout routine and travel? I like Anytime Fitness, but Planet Fitness is cheaper for being able to go to any gym. Don’t know if this is even on your radar, but it’s something I think about because I’m a creature of habit. πŸ˜›

    Safe travels to you. Love the photos.

    Vicki

    • Steve says:

      Thanks Vicki! I certainly plan to keep you all posted. I probably won’t do as much resistance training as I did before, but there are any number of bodyweight exercises that I can do. We had considered a cheap nationwide gym, but we still don’t think that we will be around civilization enough to make that cost worth it. But, we’ll re-evaluate after we start doing this for a while and see. πŸ™‚

  11. Mark Scheckel says:

    I think you made an excellent choice in sharing your networth. Your blog if filled with valuable perspectives, insights, and the inspiring life choices you have accomplished are motivation to all of us early retiree oriented followers! Personally, I’m nipping on your heels with financial achievements and am entering the financial independence life this year too. I appreciate all your posts and would like to see quarterly updates on income, investments, spending, and an honest conversation of how the transition is working out from a relationship perspective. Yeah, asking a lot I realize, but that is the impact your blog has on your loyal readers… Best wishes to both of you on this journey and I will continue to read the posts weekly! Thank you for sharing and providing transparency. Happy trails!

    • Steve says:

      Thanks Mark! I appreciate your kind words and certainly do hope that my number provides some context and inspiration. You don’t need to be rich to do what we’re doing – that’s for sure. πŸ™‚

      And all good questions. I will definitely strive to hit on all of those points as we move forward with this new journey.

  12. Kristin says:

    Congrats on starting your full-time travel escapades! Looking forward to your continued reports on living the FIRE dream. Thanks for sharing your financial number – it’s good to see a different perspective on what THE number needs to be.

  13. That’s awesome, Steve! My post I’ve been working on for Tuesday is going to show my net worth for the first time. I’ve really gone back and forth for a while on whether or not to publish it, but I think you’re right in that it can be very inspiring to others.

    I’m still excited for the early retirement of you and the Mrs. (and slightly jealous!). Hope you have an awesome start to your travels!

    — Jim

  14. freedom40guy says:

    Enjoy the upcoming travel! I’ll be living a bit vicariously through you over the next few months for sure. It’ll be curious to see if the dream of travelling compares to the realities.

    • Steve says:

      Thanks Freedom40Guy. One of my goals is to write about the reality of full-time travel. Honestly. Is it all that it’s cracked up to be? Maybe…we’ll see.

  15. TSR –

    Thanks for the Networth share – definitely is nice to have the proof to those out there that think you need mounds of millions to call it a “day”. Congrats and pumped for FT Traveling for you.

    -Lanny

  16. The more important number is the 96% chance you have of reaching your goal. A total dollar amount is meaningless without some context, as you well know. Just out of curiosity, have you played around with the numbers to see what it would take to. Boost that percentage to the max? I don’t think it will ever give 100%. It will just say you’re in excellent shape.

    • Steve says:

      True that, Go F’ Yourself. It’s what we DO with that money, not necessarily just the amount. And yeah, our goal isn’t to make it to 100%. Anything 80% or above is good enough for us. We are flexible people and are willing to make any adjustments necessary for our lifestyle to work. πŸ™‚

    • jaydub says:

      Mine just says “We forecast that your portfolio will comfortably support your goals.” No percentage, so I guess when PC gets “comfortable” that you are 100%, they just say that.

  17. Ms. Montana says:

    Congrats on rolling out! I share our numbers occasionally just because other’s numbers are interesting to me and I think it helps paint the picture of what all in involved. How much freedom $x’s buys and what x lifestyle really costs. I think it’s great when people can find the broad diversity across the blogs and find something comparable to their situation/desired outcome. I love that you add your story to the mix! =)

    • Steve says:

      Thanks Ms. Montana. I agree that it helps to paint a nice picture of what you’re going through and your situation. That’s also why I publish mine.

  18. As it’s April 1st, I have to suspect *any* information is bogus. How about this? For reals?

    • Steve says:

      Hehe…no April Fools, promise. If it were, I probably would have said that we got like $23 bucks in the bank and we’re going back to work! πŸ˜‰

  19. Cant wait to hear more about your next adventures. Please share lots of details of your travels and thank you for sharing the details of how little you guys need to live the life of your dreams now! Tomorrow is never certain.

  20. Bravo on the great net worth! It’s no small feat. πŸ™‚

  21. I hope we can meet on the road sometime soon! Enjoy Picacho – we loved it!

  22. less4success says:

    Congratulations on starting your new adventure! Looking forward to hearing how everything goes πŸ™‚

  23. @Guyon_FIRE says:

    Steve! So excited to about the next chapter of your life. Congrats on making the dream come true. I hope the open road brings nothing but fond memories and happiness. Feel free to look me up if you are ever in the mid-Atlantic region. Safe travels!

    P.S. – hope this is not an April fools day number

    • Steve says:

      Appreciate the comment! And no, this isn’t an April Fools number – it’s real. The truth. The whole truth. Nothing but the truth.

  24. jaydub says:

    Thanks for posting your numbers! Certainly helps give others a little context and let’s us know we don’t need two commas to be able to live life comfortably. Good luck with your travels and can’t wait to read about the adventures!

  25. Congrats on living your dreams! Life is too short…live each day like it’s your last!

    Like Nickelback says…

  26. financeswithpurpose says:

    Congratulations on your retirement and travels! It’s very encouraging to hear where you’re at. We’re just beginning this journey and it’s helpful to see where folks started and how they got to where they are. In fact, I’m about to post our first-ever post re: where we are starting at, so that others can encourage us and we can (hopefully) encourage them too, as you’re doing here. As others said, would love to hear more as to how things develop!

  27. Ty Roberts says:

    HUGE congratulations to you and your wife! If you find yourselves in the Seattle area and are looking for company then hit me up! Looking forward to following your journey via your different social channels & this blog.

    • Steve says:

      Thanks Ty! We will definitely be in Seattle one of these days…not sure if it’ll be this year or not, though. Seattle my #1 city to visit. Wife lived there for several years back in college.

  28. Virnsky says:

    Thanks for sharing your numbers. You are an inspiration for people like me who are looking forward to retire. I’m so happy for you guys. Safe travels!

  29. Good for you! I love to hear from a fellow non-conformist. Refusing to conform to societies views on retirement and refusing to conform to “retirements” double comma “requirement”! Awesome job. Have a blast on the open seas.

    • Steve says:

      Thank you, good sir. Appreciate your comment – and totally, conventional wisdom has proven itself to be non-ideal for us. πŸ™‚

  30. Jim Wang says:

    I’m glad this wasn’t an April Fools joke or some kind of gimmick – I think people sharing their numbers is valuable and relatable – good on you for doing it.

  31. Fab says:

    Thanks for sharing Steve! It’s very helpful for me to re-assure myself of what is / what is not possible.
    Do you have a property asset in your networth? Also I always struggle to understand how FIREd people withdraw cash for everyday expenses… would you provide a breakdown of your networth (i.e. tax deferred vs taxable vs roth maybe)?
    Wishing you the best adventures, safe travels πŸ™‚

    • Steve says:

      You’re very welcome, Fab. We don’t have any property that’s factored into our net worth. In fact, we don’t own any property at all, so everything in our net worth is a combination of our savings and investments. Right now we are withdrawing from our Ally savings account, but will transition over to the Roth conversion ladder a few years down the road. Go Curry Cracker has a pretty good write-up of how the conversion ladder works.

      Does that help?

  32. Mrs. Farmhouse Finance says:

    Wow! Congratulations! I agree that it is very inspiring to read blogs that share real numbers. Just out of curiosity, will you guys share the breakdown of how much is in each type of account? I know you mentioned in a previous post that you have three years of living expenses in cash, and plan on using that to allow your investments to grow. Is that still your plan? Enjoy your time of the road! I look forward to following your travels.

    • Steve says:

      Thanks Mrs. Farmhouse. We probably will share our breakdown one of these days. But yup, we are still going to live off of our Ally savings account and whatever we’re able to bring in through the blog and things for the first several years, then slowly transition over to the Roth conversion ladder. πŸ™‚

  33. Live Free MD says:

    I’m always impressed with those that have the courage to reveal their net worth. Congratulations on your savings, and best wishes in the next phase!

  34. JD says:

    This post was very motivating to me. I am looking to retire on less than 1MM and live a nomadic life style as well. Knowing that is what you and your wife are doing tells me that it is do-able. Unfortunately I still have 5 or 6 years left to go. Looking forward to following all of your adventures!

    • Steve says:

      Thanks for your comment, JD – and yup, with low enough expenses, you really don’t need much from a net worth perspective to retire super duper early. It’s amazing, actually. πŸ™‚

  35. Hi Steve! Thanks for sharing…always good to see how others are doing and follow along on the adventures.

  36. Andy says:

    Hi Steve,

    Congrats on your success! My wife and I are similar. No kids and no debt at all. Our current networth is $627,000. I am 41 and she is 39. When I saw your net worth I thought holy shit this is doable! I semi-retired this year. I am done with the rat race! My wife has a few more years but we have concerns about insurance and all those little details. Will you ever have an article covering how you spend from your portfolio and insurance costs etc…?

    • Steve says:

      Thanks Andy – YOU are exactly why I decided to publish my net worth. It’s just this kind of context that people need as they are going through the process of early retirement. I’m thoroughly thankful that you were able to gain some wisdom from our situation!

      And yup, we fully intend on detailing our financial situation, but we’d like to have a few more months of full-time living on the road before we do so the numbers are more representative of this lifestyle. But don’t worry, it’ll come! πŸ™‚

  37. Ben says:

    Hi Steve,

    It’s inspirational to know that you have retired. Furthermore, you retired with a networth of less than one million. This goes to show that it does not always mean that one can only retire with at least one million. It’s different ppl and different stroke. To each of his/her own.

    Ben

    • Steve says:

      I find that the million dollar mark is a completely arbitrary number. It’s nice to say that you have a million bucks, I suppose, but it doesn’t magically enable early retirement…kinda like a door opening that was previously closed. It’s just a number. Early retirement is about lifestyle. Flexibility.

Leave a Reply