Author Topic: Defeat the Net Debt  (Read 35276 times)

talltexan

  • Magnum Stache
  • ******
  • Posts: 3277
Re: Defeat the Net Debt
« Reply #200 on: March 04, 2020, 08:06:07 AM »
You won't regret feeding the Roth, nice progress!

frugalecon

  • Pencil Stache
  • ****
  • Posts: 568
Re: Defeat the Net Debt
« Reply #201 on: March 04, 2020, 04:39:17 PM »
You won't regret feeding the Roth, nice progress!

Slow and steady wins the race...

Kierun

  • Bristles
  • ***
  • Posts: 427
  • Location: HI
Re: Defeat the Net Debt
« Reply #202 on: March 10, 2020, 12:04:11 PM »
09/19 - ~(573k)
10/19 - ~(572k)
11/19 - ~(563k)
12/19 - ~(558k)
01/20 - ~(563k)
02/20
Mortgage: ~375k
Mortgage: ~351k

Taxable: ~170k

Net: ~(556k)
03/20
Mortgage: ~374k
Mortgage: ~350k

Taxable: ~152k

Net: ~(572k)

An Unassuming Moose

  • 5 O'Clock Shadow
  • *
  • Posts: 35
  • Age: 27
  • Location: Variable
Re: Defeat the Net Debt
« Reply #203 on: March 17, 2020, 06:48:41 AM »
March update:

$32000 > $31900
$154800 > $154800
$259900 > $259900

$160100 > $117900

Totals $117900 - $446600 = $328700

Sept 2019: $318800
Oct 2019: $306600
Nov 2019: $296300
Jan 2020: $289200
Feb 2020: $286600
Mar 2020: $328700

New Game +.
Looking forward to the challenge. It was getting too easy.

Bettersafe

  • 5 O'Clock Shadow
  • *
  • Posts: 95
  • Age: 44
Re: Defeat the Net Debt
« Reply #204 on: March 17, 2020, 07:56:21 AM »
Nice progress here!

frugalecon

  • Pencil Stache
  • ****
  • Posts: 568
Re: Defeat the Net Debt
« Reply #205 on: April 02, 2020, 05:58:19 PM »
Total Debt: $182,587
Total Taxable Assets: $142,866

Net Debt:

[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[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: April 08, 2020, 02:10:07 PM by frugalecon »

Kierun

  • Bristles
  • ***
  • Posts: 427
  • Location: HI
Re: Defeat the Net Debt
« Reply #206 on: April 08, 2020, 11:33:50 AM »
10/19 - ~(572k)
11/19 - ~(563k)
12/19 - ~(558k)
01/20 - ~(563k)
02/20 - ~(556k)
03/20
Mortgage: ~374k
Mortgage: ~350k

Taxable: ~152k

Net: ~(572k)
04/20
Mortgage: ~372k
Mortgage: ~350k

Taxable: ~143k

Net: ~(579k)

paulkots

  • 5 O'Clock Shadow
  • *
  • Posts: 55
Re: Defeat the Net Debt
« Reply #207 on: April 10, 2020, 06:35:19 AM »
04/01/2019: $23,593.99
05/06/2019: $17,737.44
06/04/2019: $18,693.47
07/30/2019: $6,753.27
09/03/2019: $7,110.79

Wasteful month, didn't tell myself no enough. Now that roommates moved out things will slow down.

04/10/2020: $21,466.73

Slide back and it had nothing to do with the current world problem. Glad I am considered essential, with this lockdown but expenses went down significantly.

Taran Wanderer

  • Pencil Stache
  • ****
  • Posts: 649
Re: Defeat the Net Debt
« Reply #208 on: April 13, 2020, 09:21:48 PM »
Stumbled upon this thread.  I really like this idea.  Once the tax-deferred amounts are fully funded and the account balances, get big, the market has a bigger impact than the contributions, so tracking gets dull.  Paying down debt feels good, but with low interest rates (3.79% for us), it doesn't make a lot of sense to pay down a mortgage.

I gathered my numbers to see where we stand for this thread, and... we already beat the net debt (depending on how I look at the assets).  If I take out our cash (checking/savings) and the kids' 529 accounts, then we're short about $70k.  That's a good target to aim for.

Thanks for the inspiration!

An Unassuming Moose

  • 5 O'Clock Shadow
  • *
  • Posts: 35
  • Age: 27
  • Location: Variable
Re: Defeat the Net Debt
« Reply #209 on: April 15, 2020, 05:50:00 AM »
April update:

$0 > $5900
$31900 > $31900
$154800 > $154800
$259900 > $259800

$117900 > $137900

Totals $137900 - $452400 = $314500

Sept 2019: $318800
Oct 2019: $306600
Nov 2019: $296300
Jan 2020: $289200
Feb 2020: $286600
Mar 2020: $328700
April 2020: $314500

A small loan from my LoC last month to top up my tax-sheltered accounts while everything was on sale. First priority is to kill it back off. Expenses have plummeted, income holding steady. Luck is on my side this time.

The market is lifting back up, and making it look like I progressed this month, but I know what the real story is. I slipped back. Making it up next month. Double-time, go.

frugalecon

  • Pencil Stache
  • ****
  • Posts: 568
Re: Defeat the Net Debt
« Reply #210 on: May 01, 2020, 08:03:36 PM »
Total Debt: $179,451
Total Taxable Assets: $147,010

Net Debt:

[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[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)

ItsALongStory

  • Bristles
  • ***
  • Posts: 442
  • Location: Western US
Re: Defeat the Net Debt
« Reply #211 on: May 02, 2020, 10:28:14 AM »
Could this move very quick now, @frugalecon . Assuming the markets continue to recover that is ...

frugalecon

  • Pencil Stache
  • ****
  • Posts: 568
Re: Defeat the Net Debt
« Reply #212 on: May 03, 2020, 11:20:35 AM »
Could this move very quick now, @frugalecon . Assuming the markets continue to recover that is ...

@ItsALongStory in truth, Iím not terribly optimistic that the markets will help out that much for the rest of the year, though I would be delighted to be proven wrong.

Dicey

  • Senior Mustachian
  • ********
  • Posts: 12739
  • Age: 62
  • Location: NorCal
Re: Defeat the Net Debt
« Reply #213 on: May 03, 2020, 11:35:58 AM »
Just chiming in to say steady as she goes...it's likely to be a bumpy ride for a good long while, but eventually it will smooth out. Keep your eyes on the horizon and you'll get there.

frugalecon

  • Pencil Stache
  • ****
  • Posts: 568
Re: Defeat the Net Debt
« Reply #214 on: May 03, 2020, 07:16:08 PM »
Just chiming in to say steady as she goes...it's likely to be a bumpy ride for a good long while, but eventually it will smooth out. Keep your eyes on the horizon and you'll get there.

@Dicey Iím all about slow and steady, just chugging along. Incidentally, I could necropost in my old thread about my unemployed older acquaintance who couldnít keep it together to keep a job. He has definitely not defeated his net debt, but it has been surprising how he has managed to string together what he needed to avoid out and out homelessness. Now that I am out of the free $$ business with him I just take it all in. It is a bit of a window into how someone very different from me makes decisions.

paulkots

  • 5 O'Clock Shadow
  • *
  • Posts: 55
Re: Defeat the Net Debt
« Reply #215 on: May 08, 2020, 04:37:10 PM »
04/01/2019: $23,593.99
05/06/2019: $17,737.44
06/04/2019: $18,693.47
07/30/2019: $6,753.27
09/03/2019: $7,110.79
04/10/2020: $21,466.73

Slide back and it had nothing to do with the current world problem. Glad I am considered essential, with this lockdown but expenses went down significantly.

05/08/2020: $9,994.30

A few purchases were returned and being considered essential showed a benefit. Making myself tighten my belt so I can get this done by July.

RWD

  • Magnum Stache
  • ******
  • Posts: 4013
  • Location: Mississippi
Re: Defeat the Net Debt
« Reply #216 on: May 08, 2020, 05:13:59 PM »
Mortgage: $145k
Cars: $31k
Total debt: $176k

Vanguard brokerage: $231k

[5/8/2020] Net: $55k
[3/23/2019] Net: $1k
[3/1/2019] Net: ($10k)
[2/1/2019] Net: ($17k)
[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)

Coming back after over a year to see if the market brought our net debt back into the red. Looks like a resounding "nope!"

An Unassuming Moose

  • 5 O'Clock Shadow
  • *
  • Posts: 35
  • Age: 27
  • Location: Variable
Re: Defeat the Net Debt
« Reply #217 on: May 15, 2020, 08:14:39 AM »
May update:

$5900 > $3100
$0 > $10700
$31900 > $59700
$154800 > $136600
$0 > $140300
$259800 > $259700

$0 > $137600
$137900 > $138300

Totals $275900 - $610100 = $334200

Sept 2019: $318800
Oct 2019: $306600
Nov 2019: $296300
Jan 2020: $289200
Feb 2020: $286600
Mar 2020: $328700
April 2020: $314500
May 2020: $334200

Hi, my name is Moose and I'm a leveraging addict. When I get an opportunity like the one the market is providing, I just can't help myself... Shuffled some stuff around for ease of accounting and interest rate arbitraging. Also put a little bit into a private investment, which is high risk so I'm not including it here. It accounts for most of the drop this month.

frugalecon

  • Pencil Stache
  • ****
  • Posts: 568
Re: Defeat the Net Debt
« Reply #218 on: May 15, 2020, 04:05:37 PM »
Total Debt: $179,454
Total Taxable Assets: $149,459

Net Debt:

[05.15.2020] ($29,995)
[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[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)