Author Topic: Defeat the Net Debt  (Read 3967 times)

ItsALongStory

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Re: Defeat the Net Debt
« Reply #50 on: December 04, 2018, 09:59:20 PM »
Mortgage: $160k
Porsche: $38k
Total debt: $198k

Vanguard brokerage: $170k

[12/4/2018] Net: ($28k)
[11/1/2018] Net: ($31k)
[10/1/2018] Net: ($21k)
[9/4/2018] Net: ($36k)
[8/2/2018] Net: ($37k)

Looking like about a half year to go.

Or two Septembers @15k each

RWD

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Re: Defeat the Net Debt
« Reply #51 on: December 05, 2018, 07:35:34 AM »
Mortgage: $160k
Porsche: $38k
Total debt: $198k

Vanguard brokerage: $170k

[12/4/2018] Net: ($28k)
[11/1/2018] Net: ($31k)
[10/1/2018] Net: ($21k)
[9/4/2018] Net: ($36k)
[8/2/2018] Net: ($37k)

Looking like about a half year to go.

Or two Septembers @15k each

Haha, right? I've been making contributions to my taxable brokerage account on a quarterly basis, that's why September was so good. In January those funds will go to our Roth IRAs instead. I figured 6 months of average growth ($8k) plus 6 payments per loan ($11k) plus one quarterly brokerage addition in March/April ($11k) should put us over.

Kierun

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Re: Defeat the Net Debt
« Reply #52 on: December 11, 2018, 02:17:46 PM »
Mortgage: ~396k
Mortgage: ~358k

Taxable: ~117k

Net: ~(637k)
« Last Edit: December 12, 2018, 03:32:22 PM by Kierun »

talltexan

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Re: Defeat the Net Debt
« Reply #53 on: December 18, 2018, 07:04:43 AM »
That's. a lot of mortgage. GL!

frugalecon

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Re: Defeat the Net Debt
« Reply #54 on: January 03, 2019, 05:51:41 AM »
Total Debt: $229,522
Taxable Assets: $152,523

Net Debt:

[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)
« Last Edit: January 03, 2019, 06:00:46 AM by frugalecon »

neo von retorch

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Re: Defeat the Net Debt
« Reply #55 on: January 03, 2019, 07:12:10 AM »
8/31/2018 NET: $68k
9/30/2018 NET: $48,352 +20k!
10/31/2018 NET: $45,861 +2.5k!
11/30/2018 NET: $34,719 +11.1k!

12/31/2018
Mortgages (360,685) + CC (5,134) = 365,819
Retirement (243,567) + tx (51,388) = 294,955

NET: $70,864 -36.1k!

Q4 investment changes logged.... :'( ha ha

Slow&Steady

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Re: Defeat the Net Debt
« Reply #56 on: January 03, 2019, 07:52:45 AM »
We are not to the point of starting to put money into taxable but I would love to see our investments overshadow our debts, without consideration for equity, so I like this tracking measure.

Starting Debt: 189,160
Starting Rental Debt: 127,721 (it is a debt, income producing but still a debt)
Starting Taxable: 0
Starting Retirement: 114,767

Net Investments:
11/30/2018: 202,112
01/03/2019: 207,812 This went the wrong direction, mostly due to the market (investments are down $8K).

Bird In Hand

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Re: Defeat the Net Debt
« Reply #57 on: January 04, 2019, 07:00:17 AM »
Mortgage: ~$58k
After-tax: ~$61k
Net: $3k

Net Debt defeated, I guess?

Mortgage: ~$51k
After-tax: ~$48k
Net: -$3k

Back in the red.  Shifted some after-tax to Roth near the end of the year, had some holiday spending, and of course the markets weren't very helpful.  We might try to fund Roth early this year, so we could be in the red for a while longer.

Rimu05

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Re: Defeat the Net Debt
« Reply #58 on: January 04, 2019, 08:20:29 AM »
Joining this as I plan to spend the next two years tackling my debt and not saving money. I really regret not tackling my debt sooner so here we go

Car loan - 4022
Student loan - 26,798.05

Total = -30,820.05

Plan - Pay of car first so I can have the extra cash flow. I finally realized why people do the debt snow ball. That extra 323 a month that I will get from paying my car can be thrown at the student loan.

Goal - Debt free by 24 months.

Hope: Income increases. Not having a high income sucks although I am taking steps to increase my income.

Mississippi Mudstache

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Re: Defeat the Net Debt
« Reply #59 on: January 04, 2019, 08:42:52 AM »
This seems like as good a New Year's Resolution as any, so sure, I'm in. I'll try to get to zero net debt (including only investments, excluding cash and home equity) by year's end.

Loans
Mortgage: $236K
Auto: $6.5K

Investments
$200K

Difference
$43K

By the end of this year, my mortgage will be down to $226K and my auto loan down to $3.8K, which means I need to increase my investment accounts by $29.3K to cover the difference. I'm already set up to invest $26.4 in my 401K automatically, which calls for only $3K in my IRAs assuming 0% investment returns. Eminently achievable. Of course, if the market keeps heading south, I'll have to invest more aggressively to make up the difference.

RWD

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Re: Defeat the Net Debt
« Reply #60 on: January 04, 2019, 10:13:23 AM »
Joining this as I plan to spend the next two years tackling my debt and not saving money. I really regret not tackling my debt sooner so here we go

Car loan - 4022
Student loan - 26,798.05

Total = -30,820.05

Plan - Pay of car first so I can have the extra cash flow. I finally realized why people do the debt snow ball. That extra 323 a month that I will get from paying my car can be thrown at the student loan.

Goal - Debt free by 24 months.

Hope: Income increases. Not having a high income sucks although I am taking steps to increase my income.

I think you misunderstood the purpose of this thread. It's about having more in investments than total debt, not about eliminating debt (at least not directly), and you didn't list any investment balances at all. Depending on the interest rates of your car and student loans it may make more sense to invest instead (see investment order post).

RWD

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Re: Defeat the Net Debt
« Reply #61 on: January 04, 2019, 07:12:29 PM »
Mortgage: $159k
Porsche: $37k
Total debt: $196k

Vanguard brokerage: $165k

[1/4/2019] Net: ($31k)
[12/4/2018] Net: ($28k)
[11/1/2018] Net: ($31k)
[10/1/2018] Net: ($21k)
[9/4/2018] Net: ($36k)
[8/2/2018] Net: ($37k)

Hmm, not quite the right direction last month...

talltexan

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Re: Defeat the Net Debt
« Reply #62 on: January 10, 2019, 09:25:19 AM »
If your goal was to improve your "net debt" position over 2018q4 (in which the SP500 was down 13%), then--yes--paying down your debt was actually the way to do that.

If only someone could have told us in advance about that market decline.

RWD

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Re: Defeat the Net Debt
« Reply #63 on: January 10, 2019, 10:28:42 AM »
If your goal was to improve your "net debt" position over 2018q4 (in which the SP500 was down 13%), then--yes--paying down your debt was actually the way to do that.

If only someone could have told us in advance about that market decline.

Yep, I missed the memo. I thought for sure following the Top is in thread would let me know when to sell!

talltexan

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Re: Defeat the Net Debt
« Reply #64 on: January 11, 2019, 09:06:31 AM »
The Top Is In thread has correctly predicted 9 out of the last 4 market pullbacks.

frugalecon

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Re: Defeat the Net Debt
« Reply #65 on: January 11, 2019, 10:53:04 AM »
If your goal was to improve your "net debt" position over 2018q4 (in which the SP500 was down 13%), then--yes--paying down your debt was actually the way to do that.

If only someone could have told us in advance about that market decline.

Yep, I missed the memo. I thought for sure following the Top is in thread would let me know when to sell!

Yoda once said, “The Road of Net Debt a straight line is not, Padawan.”

Kierun

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Re: Defeat the Net Debt
« Reply #66 on: January 15, 2019, 04:58:57 PM »
Mortgage: ~396k
Mortgage: ~358k

Taxable: ~117k

Net: ~(637k)
Mortgage: ~395k
Mortgage: ~357k

Taxable: ~110k

Net: ~(642k)  :(