Author Topic: Defeat the Net Debt  (Read 82633 times)

Dutch Comfort

  • Bristles
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  • Posts: 321
  • Location: Europe
Re: Defeat the Net Debt
« Reply #400 on: July 01, 2022, 02:05:52 AM »
Mortgage (EUR 313K)
Liquid Assets (without house value & company pension) EUR 62K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)

STRETCH Goal for 2022: (EUR 235K)

Yikes..... a backward move....... this is the stock market hit for this month. Hopefully some recovery in the 2nd half  of the year.

frugalecon

  • Pencil Stache
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  • Posts: 660
Re: Defeat the Net Debt
« Reply #401 on: July 02, 2022, 06:57:31 AM »
Mortgage (EUR 313K)
Liquid Assets (without house value & company pension) EUR 62K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)

STRETCH Goal for 2022: (EUR 235K)

Yikes..... a backward move....... this is the stock market hit for this month. Hopefully some recovery in the 2nd half  of the year.

Dutch Comfort,

You have made a ton of progress over the past two years, and now you are buying shares at lower prices that will have a higher return in the long run, speeding your defeat of your net debt!

TyGuy

  • Bristles
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  • Posts: 254
  • Age: 28
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #402 on: July 07, 2022, 01:33:49 PM »
Debts:
Mortgage: $229,989
Student Loans: $21,456 (Currently in Forbearance)


Assets:
Savings: $4,162
Taxable 1: $8,116
Taxable 2: $601

2021 Goal: (248K)
2022 Goal: (220K)


Net Debt: Dec 2020 ($261,341)
               Mar 2021 ($263,803)
               APR 2021 ($262,561)
               MAY 2021 ($261,245)
               JUN 2021 ($260,156)
               JLY  2021 ($258,370)
               AUG 2021 ($256,797)
               SEP 2021 ($255,099)
               OCT 2021 ($253,818)
               NOV 2021 ($250,668)
               DEC 2021 ($248,521)
               JAN 2022 ($247,168)
               FEB 2022 ($246,147)
               MAR 2022 ($244,574)
               APR 2022 ($243,102)
               MAY 2022 ($241,711)
               JUN 2022 ($239,338)
              JUL 2022 ($238,566)

Only contributed $100 this month to my "taxable 1" account due to a high, planned expense month. July should be a significant improvement!

Dutch Comfort

  • Bristles
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  • Posts: 321
  • Location: Europe
Re: Defeat the Net Debt
« Reply #403 on: August 01, 2022, 01:07:12 AM »
Mortgage (EUR 313K)
Liquid Assets (without house value & company pension) EUR 62K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)
July 2022 (251K)

STRETCH Goal for 2022: (EUR 235K)

Just happy that there was no backwards move. My decrease in cash funds (holiday and school supplies) was offset against an increase in investments. So no worries right now and I'm hoping for more market recovery and will continue my regular mortgage repayments and investments for the remainder of the year.

@frugalecon: you are right...... the fact that my mortgage is now lower than my total net debt only 2 years ago makes me feel proud!


Dutch Comfort

  • Bristles
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  • Posts: 321
  • Location: Europe
Re: Defeat the Net Debt
« Reply #404 on: September 01, 2022, 12:58:04 AM »
Mortgage (EUR 312K)
Liquid Assets (without house value & company pension) EUR 65K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)
July 2022 (251K)
August 2022 (247K)

STRETCH Goal for 2022: (EUR 235K)

Added 1 (small) savings account to the stash. So this accounts for the nice progress this month.
Still investing as usual, so hoping it will go up. But with the markets now, I have doubts that it will happen this year.

TyGuy

  • Bristles
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  • Posts: 254
  • Age: 28
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #405 on: September 07, 2022, 11:05:05 AM »
Debts:
Mortgage: $227,471
Student Loans: $21,456 (Currently in Forbearance; $20,000 will be forgiven later this year!!)


Assets:
Savings: $4,381
Taxable 1: $9,301
Taxable 2: $769

2021 Goal: (248K)
2022 Goal: (220K)


Net Debt: Dec 2020 ($261,341)
               Mar 2021 ($263,803)
               APR 2021 ($262,561)
               MAY 2021 ($261,245)
               JUN 2021 ($260,156)
               JLY  2021 ($258,370)
               AUG 2021 ($256,797)
               SEP 2021 ($255,099)
               OCT 2021 ($253,818)
               NOV 2021 ($250,668)
               DEC 2021 ($248,521)
               JAN 2022 ($247,168)
               FEB 2022 ($246,147)
               MAR 2022 ($244,574)
               APR 2022 ($243,102)
               MAY 2022 ($241,711)
               JUN 2022 ($239,338)
               JUL 2022 ($238,566)
               AUG 2022 ($237,196)
               SEP 2022 ($234,476)

Starting to make some bigger leaps forward! I will for sure reach my goal this year, as nearly all of my student loan debt will be forgiven! Hopefully I can reach my goal, even without the additional forgiveness funds!

Dutch Comfort

  • Bristles
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  • Posts: 321
  • Location: Europe
Re: Defeat the Net Debt
« Reply #406 on: October 04, 2022, 02:34:59 AM »
Mortgage (EUR 312K)
Liquid Assets (without house value & company pension) EUR 65K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)
July 2022 (251K)
August 2022 (247K)
September 2022 (247K)

STRETCH Goal for 2022: (EUR 235K)

No changes this month, although I put some extra money in savings. This was eaten away by losses on the stock market. Well...... buying stocks on sale and hoping for a nice rebound.....

TyGuy

  • Bristles
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  • Posts: 254
  • Age: 28
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #407 on: October 04, 2022, 11:04:01 AM »
Debts:
Mortgage: $226,205
Student Loans: $21,456 (Currently in Forbearance; $20,000 will be forgiven later this year!!)


Assets:
Savings: $4,591
Taxable 1: $9,437
Taxable 2: $636

2021 Goal: (248K)
2022 Goal: (220K)


Net Debt: Dec 2020 ($261,341)
               Mar 2021 ($263,803)
               APR 2021 ($262,561)
               MAY 2021 ($261,245)
               JUN 2021 ($260,156)
               JLY  2021 ($258,370)
               AUG 2021 ($256,797)
               SEP 2021 ($255,099)
               OCT 2021 ($253,818)
               NOV 2021 ($250,668)
               DEC 2021 ($248,521)
               JAN 2022 ($247,168)
               FEB 2022 ($246,147)
               MAR 2022 ($244,574)
               APR 2022 ($243,102)
               MAY 2022 ($241,711)
               JUN 2022 ($239,338)
               JUL 2022 ($238,566)
               AUG 2022 ($237,196)
               SEP 2022 ($234,476)
              OCT 2022 ($232,997)

Should really start to see progress with the next posting as I will max out my 401k this month and my second check for October will not have the deduction, allowing me to add the difference to my taxable account!

Dutch Comfort

  • Bristles
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  • Posts: 321
  • Location: Europe
Re: Defeat the Net Debt
« Reply #408 on: November 01, 2022, 08:15:52 AM »
Mortgage (EUR 310K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 66K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)
July 2022 (251K)
August 2022 (247K)
September 2022 (247K)
October 2022 (244K)

STRETCH Goal for 2022: (EUR 235K)

We did an extra payment on our mortgage and also did our regular savings, so with markets recovering a bit, we're heading in the right direction.

TyGuy

  • Bristles
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  • Posts: 254
  • Age: 28
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #409 on: November 01, 2022, 01:01:22 PM »
Debts:
Mortgage: $224,936
Student Loans: $21,456 (Currently in Forbearance; $20,000 will be forgiven later this year!!)


Assets:
Savings: $5,002
Taxable 1: $10,210
Taxable 2: $611

2021 Goal: (248K)
2022 Goal: (220K)


Net Debt: Dec 2020 ($261,341)
               Mar 2021 ($263,803)
               APR 2021 ($262,561)
               MAY 2021 ($261,245)
               JUN 2021 ($260,156)
               JUL  2021 ($258,370)
               AUG 2021 ($256,797)
               SEP 2021 ($255,099)
               OCT 2021 ($253,818)
               NOV 2021 ($250,668)
               DEC 2021 ($248,521)
               JAN 2022 ($247,168)
               FEB 2022 ($246,147)
               MAR 2022 ($244,574)
               APR 2022 ($243,102)
               MAY 2022 ($241,711)
               JUN 2022 ($239,338)
               JUL 2022 ($238,566)
               AUG 2022 ($237,196)
               SEP 2022 ($234,476)
               OCT 2022 ($232,997)
               NOV 2022 ($230,569)

It will be a close finish as to whether or not I reach my goal this year, but I am hopeful!

Arbitrage

  • Handlebar Stache
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  • Posts: 1263
Re: Defeat the Net Debt
« Reply #410 on: November 02, 2022, 08:47:14 AM »
Mortgages/HELOC: $(372.0k) -> $(1,067k) -> $(544k) -> $(530k)
Student Loan: $(27.1k) -> $(26.3k) -> $(25.5k) -> $(22.3k)
Taxable: $313.3k -> $273.2k -> $673.7k -> $594.8

Net: $(85.8k) -> $(820.1k) -> $104.2k

Jan 2019: ($290.2k)
Apr 2019: ($278.4k)
Sep 2019: ($248.7k)
Dec 2019: ($217.3k)
Jul 2020: ($191.8k)
Jan 2021: ($85.8k)
Apr 2021: ($820.1k)
Aug 2021: $104.2k
Nov 2022: $42.5k

Continuing to pay down debt regularly, but in danger of re-entering this race due to market declines.  Not in a hurry to pay off debt with investment interest rates now well in excess of debt interest rates.  Didn't check, but there may have been a point where I went negative again in early October.

UltraStache

  • Bristles
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  • Posts: 424
Re: Defeat the Net Debt
« Reply #411 on: November 02, 2022, 09:59:38 AM »
OMG I hate this thread.  It's going to make me feel like I suck really bad.  Therefore maybe its a good idea.

Owe: ($400,000)
Have: $69,000

Net: ($331,000)

Mortgage $330,000
Stupid Car: $40,000
Student Loans: $30,000

Brokerage: $9000
Cash: $30,000
Ibonds $30,000

talltexan

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Re: Defeat the Net Debt
« Reply #412 on: November 02, 2022, 11:20:50 AM »
@UltraStache , Perhaps the balances make you feel like you're late to the game, but the $30,000 in I-bonds just earned a 9.5% annualized rate over the last six months, while I doubt your interest rates are anything close to that, right?

UltraStache

  • Bristles
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  • Posts: 424
Re: Defeat the Net Debt
« Reply #413 on: November 02, 2022, 02:38:48 PM »
@UltraStache , Perhaps the balances make you feel like you're late to the game, but the $30,000 in I-bonds just earned a 9.5% annualized rate over the last six months, while I doubt your interest rates are anything close to that, right?

Correct.

Mortgage is 4.375 30 year(ugg sucks compared to 2.75 but I closed in June and this was a GREAT rate for then, and even better compared to now)
EV is 0.99%
Student loans deferred and hopefully cancelled.
Cash is @ 2.65% with Citi, getting ready to move some around for bonuses and higher rates.  $10k going to Capital One Savings for $100 bonus and 3%, which nets 4% for a year if I keep it there.  Discover is offering $150 on $15k but I'll wait a few days(now that Fed officially increased rate) to see if they bring their rate up around 3.  They are currently only 2.35.  Upgrade gives 3.5% on savings but I don't feel 100% confident in them...possibly completely unfounded, but I feel that way regardless. 

Dutch Comfort

  • Bristles
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  • Posts: 321
  • Location: Europe
Re: Defeat the Net Debt
« Reply #414 on: December 01, 2022, 12:20:14 AM »
Mortgage (EUR 309K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 67K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)
July 2022 (251K)
August 2022 (247K)
September 2022 (247K)
October 2022 (244K)
November 2022 (242K)

STRETCH Goal for 2022: (EUR 235K)

Month was OK. Did my regular savings and mortgage payment. The rest is due to markets recovering. Hope the markets will continue this way, then I might be able to reach my stretch goal. A yearend bonus might help as well......... waiting for the final number, so I can plan on saving that amount in December.......

TyGuy

  • Bristles
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  • Posts: 254
  • Age: 28
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #415 on: December 01, 2022, 11:42:14 AM »
Debts:
Mortgage: $223,666
Student Loans: $21,456 (Currently in Forbearance; $20,000 will be forgiven later this year!!)


Assets:
Savings: $5,316
Taxable 1: $12,166
Taxable 2: $846

2021 Goal: (248K)
2022 Goal: (220K)


Net Debt: Dec 2020 ($261,341)
               Mar 2021 ($263,803)
               APR 2021 ($262,561)
               MAY 2021 ($261,245)
               JUN 2021 ($260,156)
               JUL  2021 ($258,370)
               AUG 2021 ($256,797)
               SEP 2021 ($255,099)
               OCT 2021 ($253,818)
               NOV 2021 ($250,668)
               DEC 2021 ($248,521)
               JAN 2022 ($247,168)
               FEB 2022 ($246,147)
               MAR 2022 ($244,574)
               APR 2022 ($243,102)
               MAY 2022 ($241,711)
               JUN 2022 ($239,338)
               JUL 2022 ($238,566)
               AUG 2022 ($237,196)
               SEP 2022 ($234,476)
               OCT 2022 ($232,997)
               NOV 2022 ($230,569)
               DEC 2022 ($226,794)

Best monthly progress I have had on this thread thus far, hoping for an even bigger month in December!

Dutch Comfort

  • Bristles
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  • Posts: 321
  • Location: Europe
Re: Defeat the Net Debt
« Reply #416 on: January 03, 2023, 02:24:23 AM »
Mortgage (EUR 307K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 71K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)
December 2022 (EUR 236K)

STRETCH Goal for 2023: (EUR 210K)

Just missed my goal for 2022 by 1K (236 instead of 235), but I knew it was a stretch, so still happy with the result.
Now, looking forward for 2023, I try to get to 210. This is also a stretch (my budget gets me to 215, but I like a challenge....). We have some travel plans for this year and a few large expenses for the house, which I took in the budget, but we're still working towards stuffing away as much money as possible.

Happy 2023 everyone!

TyGuy

  • Bristles
  • ***
  • Posts: 254
  • Age: 28
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #417 on: January 03, 2023, 09:36:40 AM »
Debts:
Mortgage: $222,393
Student Loans: $21,456 (Currently in Forbearance)


Assets:
Savings: $5,530
Taxable 1: $11,975
Taxable 2: $795
Taxable 3: $2992

2021 Goal: (248K)
2022 Goal: (220K)


Net Debt: Dec 2020 ($261,341)
               Mar 2021 ($263,803)
               APR 2021 ($262,561)
               MAY 2021 ($261,245)
               JUN 2021 ($260,156)
               JUL  2021 ($258,370)
               AUG 2021 ($256,797)
               SEP 2021 ($255,099)
               OCT 2021 ($253,818)
               NOV 2021 ($250,668)
               DEC 2021 ($248,521)
               JAN 2022 ($247,168)
               FEB 2022 ($246,147)
               MAR 2022 ($244,574)
               APR 2022 ($243,102)
               MAY 2022 ($241,711)
               JUN 2022 ($239,338)
               JUL 2022 ($238,566)
               AUG 2022 ($237,196)
               SEP 2022 ($234,476)
               OCT 2022 ($232,997)
               NOV 2022 ($230,569)
               DEC 2022 ($226,794)
               JAN 2023 ($222,557)

I nearly made my goal, one more paycheck this year and I would have been there! Very happy with this year's outcome, considering the markets worked against me for this short-term goal. My goal for 2023 is 190K with a stretch goal of 184K. My goal will require me to have increased savings this coming year, and hopefully a little help from the market. I look forward to tracking another year of progress with you all!

Dutch Comfort

  • Bristles
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  • Posts: 321
  • Location: Europe
Re: Defeat the Net Debt
« Reply #418 on: Today at 01:11:47 AM »
Mortgage (EUR 306K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 74K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)
December 2022 (EUR 236K)

January 2023 (EUR 232K)

STRETCH Goal for 2023: (EUR 210K)

January was a good month. Next month it will go backwards because of payments for planned travel (tickets, lodging etc), but if markets continue their upward movement, I might come out equal. Fingers crossed!

 

Wow, a phone plan for fifteen bucks!