# Share your net worth progression **URL:** \ **Category:** Investing / Portfolios\ **Created:** [November 29, 2020, 3:07pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798 "2020-11-29T15:07:54Z")\ **Posts on this page:** 20\ **Page:** 6
**Author:** ![Bojack](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/bojack/32/281_2.png) [@Bojack](https://forum.mustachianpost.com/u/Bojack)\ **Post date:** [January 6, 2021, 1:45pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/119 "2021-01-06T13:45:32Z")
-200k net worth? What happened? Did your dad play poker with the Russian mafia? ---
**Author:** ![ehwhynot](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/e/ac91a4/32.png) [@ehwhynot](https://forum.mustachianpost.com/u/ehwhynot)\ **Post date:** [January 6, 2021, 4:35pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/120 "2021-01-06T16:35:09Z")
Not really šŸ™‚ Very simple resume of something that took a few years: I worked in the family company and I believed 2 things: 1. That the company had only a cash flow issue. I had access to the accounting but it was a mess, so I believed my father. 2. That the people who lend cash to the company would not be able to come after me in case of bankruptcy. Lessons learned: Never trust people. Read the contract. 200k is a bit too expensive for this lessons, specially when at this time I earned 6k per month ā€¦ good point after that, I learned how to be frugal and enjoy life without a perspective of having money šŸ™‚ ---
**Author:** ![xorfish](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/xorfish/32/451_2.png) [@xorfish](https://forum.mustachianpost.com/u/xorfish)\ **Post date:** [January 6, 2021, 4:40pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/121 "2021-01-06T16:40:19Z")
> [@ehwhynot](#): > > That the people who lend cash to the company would not be able to come after me in case of bankruptcy. It wasnā€™t a GmbH or AG? ---
**Author:** ![ehwhynot](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/e/ac91a4/32.png) [@ehwhynot](https://forum.mustachianpost.com/u/ehwhynot)\ **Post date:** [January 6, 2021, 5:23pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/122 "2021-01-06T17:23:52Z")
it was an AG. But we signed some guarantee, (SolidarbĆ¼rgschaft). The company(big international consulting company ā€¦) that ā€œhelpā€ us in the process to put the company on track told us that it was only a formal document. In practice they never try to get the money from private people. That was not true šŸ™‚. ---
**Author:** ![LeStache](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/lestache/32/3690_2.png) [@LeStache](https://forum.mustachianpost.com/u/LeStache)\ **Post date:** [January 6, 2021, 5:55pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/123 "2021-01-06T17:55:37Z")
> [@ehwhynot](#): > > Started tracking when I was -60k ā€¦ from a debt of 200kā€¦ thanks family Wow that was a rough start. Sadly itā€™s not that uncommon that the books of family businesses are a mess. In any case, congrats for getting above water again. Like you said, hopefully the lessons in frugality and saving will help you for more years to come. ---
**Author:** ![Bojack](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/bojack/32/281_2.png) [@Bojack](https://forum.mustachianpost.com/u/Bojack)\ **Post date:** [January 10, 2021, 1:10pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/124 "2021-01-10T13:10:38Z")
A post was split to a new topic: [How much do you share with your family (parents/siblings/partners)](https://forum.mustachianpost.com/t/how-much-do-you-share-with-your-family-parents-siblings-partners/5206) ---
**Author:** ![Barto](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/b/e9c0ed/32.png) [@Barto](https://forum.mustachianpost.com/u/Barto)\ **Post date:** [January 6, 2021, 7:28pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/125 "2021-01-06T19:28:06Z")
> [@MUFC\_OK](#): > > I disagree on the pillar 2 investment. Youā€˜ll get a short term tax saving but the yearly return is between 1-2%. Donā€˜t think itā€˜s worth it. I topped up my 2 pillar with a large lump sum payment 5 years ago and it is one of the worst investments I ever made. If I would have invested it outside 2 pillar I would have earned back more than the ca 40% tax saved ---
**Author:** ![MUFC\_OK](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/m/f04885/32.png) [@MUFC\_OK](https://forum.mustachianpost.com/u/MUFC_OK)\ **Post date:** [January 6, 2021, 7:30pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/126 "2021-01-06T19:30:29Z")
Sorry to hear that. Can you elaborate your numbers? What were the buy in, tax saving and what do you base your invested outside on? ---
**Author:** ![s-g](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/s-g/32/4530_2.png) [@s-g](https://forum.mustachianpost.com/u/s-g)\ **Post date:** [January 6, 2021, 7:38pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/127 "2021-01-06T19:38:39Z")
> [@Barto](#): > > If I would have invested it outside 2 pillar I would have earned back more than the ca 40% tax saved Well, putting extra money in the 2nd pillar is clearly not an alternative for the stock market. It might only make sense as an alternative to an investment in bondsā€¦and Iā€™d be surprised if you can find a decent bond which delivered a 40% return over the last 5 yearsā€¦ ---
**Author:** ![user137](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/user137/32/15454_2.png) [@user137](https://forum.mustachianpost.com/u/user137)\ **Post date:** [January 10, 2021, 12:45pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/128 "2021-01-10T12:45:22Z")
> [@s-g](#): > > Well, putting extra money in the 2nd pillar is clearly not an alternative for the stock market. My last BVG product was self-managed (big financial company), netting 4-9% yearly in the last years. Where they screwed up and went below zero, the company compensated the losses to 0%. The company before that topped up our 2nd pillar to 5% yearly. No risk, just fun. šŸ™‚ Sure itā€™s not the SP500, but with a limited or even zero downside, plus the added tax benefits it can be a good deal. ---
**Author:** ![kilyn](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/k/3d9bf3/32.png) [@kilyn](https://forum.mustachianpost.com/u/kilyn)\ **Post date:** [January 10, 2021, 3:23pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/129 "2021-01-10T15:23:33Z")
> [@Barto](#): > > I topped up my 2 pillar with a large lump sum payment 5 years ago and it is one of the worst investments I ever made. If I would have invested it outside 2 pillar I would have earned back more than the ca 40% tax saved Then you have a myopic view of asset allocation. Everythingā€™s super easy with 20/20 hindsight. Worst decision of my life is not going all in into bitcoin when I first heard about it ---
**Author:** ![s-g](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/s-g/32/4530_2.png) [@s-g](https://forum.mustachianpost.com/u/s-g)\ **Post date:** [January 10, 2021, 4:10pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/130 "2021-01-10T16:10:00Z")
> [@user137](#): > > The company before that topped up our 2nd pillar to 5% yearly. No risk, just fun. šŸ™‚ Thatā€™s some serious benefit! Is this something common? All the 2nd pillars Iā€™ve seen in the manufacturing industry gave less than 2% interest. Does it depend on the sector maybe? ---
**Author:** ![MUFC\_OK](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/m/f04885/32.png) [@MUFC\_OK](https://forum.mustachianpost.com/u/MUFC_OK)\ **Post date:** [January 10, 2021, 6:01pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/131 "2021-01-10T18:01:15Z")
> All the 2nd pillars Iā€™ve seen in the manufacturing industry gave less than 2% interest. Mine is 1%, which is the legal minimum. ---
**Author:** ![MUFC\_OK](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/m/f04885/32.png) [@MUFC\_OK](https://forum.mustachianpost.com/u/MUFC_OK)\ **Post date:** [January 10, 2021, 6:02pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/132 "2021-01-10T18:02:31Z")
Here mine, tracked since 2009: ![image](https://forum.mustachianpost.com/uploads/default/original/2X/b/b61b9fe05bc285ea59482291176669a8ea241beb.png) Red: NW, Blue: Years since start of tracking I have been wasteful in the last few years, most NW gains came from capital gains, but will start doing better from this year. ---
**Author:** ![Cortana](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/cortana/32/2082_2.png) [@Cortana](https://forum.mustachianpost.com/u/Cortana)\ **Post date:** [January 10, 2021, 6:05pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/133 "2021-01-10T18:05:02Z")
Donā€™t you think the image is too big? šŸ˜› ---
**Author:** ![LeStache](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/lestache/32/3690_2.png) [@LeStache](https://forum.mustachianpost.com/u/LeStache)\ **Post date:** [January 10, 2021, 6:08pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/134 "2021-01-10T18:08:33Z")
Can you share what the red and blue lines represent? We can guess red is the NW but whatā€™s the flat blue line? What are the numbers starting with 1 on the x-axis? ---
**Author:** ![MUFC\_OK](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/m/f04885/32.png) [@MUFC\_OK](https://forum.mustachianpost.com/u/MUFC_OK)\ **Post date:** [January 10, 2021, 6:10pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/135 "2021-01-10T18:10:25Z")
> Can you share what the red and blue lines represent? We can guess red is the NW but whatā€™s the flat blue line? What are the numbers starting with 1 on the x-axis? Red: NW, Blue: Years since start of tracking ---
**Author:** ![Bojack](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/bojack/32/281_2.png) [@Bojack](https://forum.mustachianpost.com/u/Bojack)\ **Post date:** [January 10, 2021, 7:07pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/136 "2021-01-10T19:07:26Z")
You could spare the blue line, if I read it correctly šŸ˜ƒ ---
**Author:** ![Barto](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/b/e9c0ed/32.png) [@Barto](https://forum.mustachianpost.com/u/Barto)\ **Post date:** [January 10, 2021, 10:55pm UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/137 "2021-01-10T22:55:09Z")
> [@kilyn](#): > > Then you have a myopic view of asset allocation. Everythingā€™s super easy with 20/20 hindsight. Ouch I did not explain well. The discussion was whether it is worth topping up 2 pillar. Everyone has a different attitude to risk but my learning from experience is that if you are young and your investment timeframe is long you can have a balanced portfolio with an aggressive enough allocation such that it is highly probable you will earn more than the tax saving and investment return on typical 2 pillar I didnā€™t follow this advice and I have more safe 2 pillar assets than I need for my situation If an employerā€™s plan is returning 5% pa vs typical 1.5% or you are certain to use the funds for home ownership that changes the equation. In my case I convinced myself I would buy a house within 3 years but still havenā€™t and in addition after a job change my 2 pillar ended up earning 0.25% ---
**Author:** ![user137](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/user137/32/15454_2.png) [@user137](https://forum.mustachianpost.com/u/user137)\ **Post date:** [January 11, 2021, 12:46am UTC](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798/138 "2021-01-11T00:46:44Z")
> [@s-g](#): > > Is this something common? All the 2nd pillars Iā€™ve seen in the manufacturing industry gave less than 2% interest. Does it depend on the sector maybe? Yes it depends on the sector a LOT, but this particular employer is really one of a kind. Canā€™t tell more in public. The usual rate I think is at or under 2%. [Previous page](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798.md?page=5) [Next page](https://forum.mustachianpost.com/t/share-your-net-worth-progression/4798.md?page=7)