Author Topic: Race to Positive Net Worth  (Read 2870 times)

SeaKayEl

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Race to Positive Net Worth
« on: April 16, 2017, 08:40:09 PM »
It appears the closest race to my current state is "Race to 10k." 

I'd like to break this down into an even smaller increment:  Race to 0. 

Here is my rough breakdown of where I am at today:

April 2017
Student Loans: -$124,000
Mortgage: -$133,000
Investments: $88,000
Net Worth: -$170,000




BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #1 on: April 17, 2017, 04:02:00 AM »
Good idea, I'm in too!

Making only 1800 after taxes on my current Ph.D. candidate position, so starting slowly...

April 2017:
Federal student loan 1: -9370 current rate 315 per Quarter
Federal student loan 2: -3945 on hiatus until November 17, interest <1%
Bank loan and credit card: -3200 at 5% and 0% (CC until June) (first to go)
Investments and car: 5500
Liquidity: 600

Net worth: -10415
« Last Edit: April 17, 2017, 04:08:49 AM by BobTheBuilder »

Trifele

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Re: Race to Positive Net Worth
« Reply #2 on: April 17, 2017, 04:45:55 AM »
Hey there -- maybe you could join the Race to 10k thread. Lots of folks there in negative territory.  Great group, lots of hustle. 

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #3 on: April 17, 2017, 07:50:44 AM »
Good idea, I'm in too!

Making only 1800 after taxes on my current Ph.D. candidate position, so starting slowly...

April 2017:
Federal student loan 1: -9370 current rate 315 per Quarter
Federal student loan 2: -3945 on hiatus until November 17, interest <1%
Bank loan and credit card: -3200 at 5% and 0% (CC until June) (first to go)
Investments and car: 5500
Liquidity: 600

Net worth: -10415

Hey Bob!

Will you be throwing all extra money towards the loans or splitting it with investing as well?

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #4 on: April 17, 2017, 07:52:50 AM »
Hey there -- maybe you could join the Race to 10k thread. Lots of folks there in negative territory.  Great group, lots of hustle.

You know, I thought about that...and I read through a chunk of that thread, but I really wanted to break this down even further.  For me the biggest milestone I will be hitting first is getting to $0 Net Worth, so I wanted to make this the focus.

I will definitely be jumping into that thread once I hit 0!

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #5 on: April 18, 2017, 01:26:32 PM »
Hey there -- maybe you could join the Race to 10k thread. Lots of folks there in negative territory.  Great group, lots of hustle.

Same here, will hopefully join that group next year!

Will you be throwing all extra money towards the loans or splitting it with investing as well?

Hey SeaKayEl, I do not yet have absolute certainty what my job situation will be on Jan 1st. Most likely a short extension on the study programme with same income, maybe an income boost, or maybe a minor financial hickup with a few weeks of job search. So I will definitively kill that bank loan which I hate and try to bolster my cash cushion. Btw I assume my car depreciates with 100/month. Although it may be less.

For you it is most likely a mix of student loan and investing? Thumbs up on that investing account!

recklesslysober

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Re: Race to Positive Net Worth
« Reply #6 on: April 18, 2017, 04:19:19 PM »
I'm on this track too - it will be so nice to hit $0!

Net Worth
01/2016: -$130K - YNAB
02/2016: -$128K
03/2016: -$121K
04/2016: -$120K
05/2016: -$120K
06/2016: -$120K - MMM
07/2016: -$120K
08/2016: -$120K
09/2016: -$118K
10/2016: -$117K
11/2016: -$115K - MMM Journal
12/2016: -$111K
01/2017: -$108K
02/2017: -$106K
03/2017: -$93K GOAL: -$100K by 03/2017
04/2017: -$90K
05/2017: -$88K?
GOAL: -$50K by 05/2018
GOAL: $0K by 12/2019

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #7 on: April 18, 2017, 06:59:17 PM »
For you it is most likely a mix of student loan and investing? Thumbs up on that investing account!

A couple of my student loans are at 7% so I will definitely make this my number one priority.  I will continue the trend of aggressively paying down my student loans.  That being said I am going to make sure I max my IRA.  On top of that, I am not sure I will be putting too much more into investments.

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #8 on: April 18, 2017, 07:03:05 PM »
I'm on this track too - it will be so nice to hit $0!

Net Worth
01/2016: -$130K - YNAB
02/2016: -$128K
03/2016: -$121K
04/2016: -$120K
05/2016: -$120K
06/2016: -$120K - MMM
07/2016: -$120K
08/2016: -$120K
09/2016: -$118K
10/2016: -$117K
11/2016: -$115K - MMM Journal
12/2016: -$111K
01/2017: -$108K
02/2017: -$106K
03/2017: -$93K GOAL: -$100K by 03/2017
04/2017: -$90K
05/2017: -$88K?
GOAL: -$50K by 05/2018
GOAL: $0K by 12/2019


Awesome job killing it this year already!!  I have not calculated when I should hit $0 net worth yet.  Sounds like a good idea to calculate :D

recklesslysober

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Re: Race to Positive Net Worth
« Reply #9 on: April 18, 2017, 07:19:14 PM »
I'm on this track too - it will be so nice to hit $0!

Net Worth
01/2016: -$130K - YNAB
02/2016: -$128K
03/2016: -$121K
04/2016: -$120K
05/2016: -$120K
06/2016: -$120K - MMM
07/2016: -$120K
08/2016: -$120K
09/2016: -$118K
10/2016: -$117K
11/2016: -$115K - MMM Journal
12/2016: -$111K
01/2017: -$108K
02/2017: -$106K
03/2017: -$93K GOAL: -$100K by 03/2017
04/2017: -$90K
05/2017: -$88K?
GOAL: -$50K by 05/2018
GOAL: $0K by 12/2019


Awesome job killing it this year already!!  I have not calculated when I should hit $0 net worth yet.  Sounds like a good idea to calculate :D

Thanks! It will be interesting to see how close I am to my estimate.

Capt j-rod

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Re: Race to Positive Net Worth
« Reply #10 on: April 18, 2017, 07:40:49 PM »
I used to joke with my wife that homeless people have a higher net worth than 90% of America. They have nothing other than the contents of their shopping cart, but they own everything in the cart. 0 is a huge goal and a major milestone. It took me a long time to hit it. I always hear people say "use the bank's money to make you money" I am very reluctant to do this. I have one rental with a lien on it. It is a positive cash flow property so I consider it a success. You guys are all on your way and are actually killing it based on the numbers you posted. The $10k number will find you soon based on the way you are going. 10 becomes 25 faster than you think. Stay the course, you are headed in the right direction!

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #11 on: April 18, 2017, 08:01:05 PM »
I used to joke with my wife that homeless people have a higher net worth than 90% of America. They have nothing other than the contents of their shopping cart, but they own everything in the cart. 0 is a huge goal and a major milestone. It took me a long time to hit it. I always hear people say "use the bank's money to make you money" I am very reluctant to do this. I have one rental with a lien on it. It is a positive cash flow property so I consider it a success. You guys are all on your way and are actually killing it based on the numbers you posted. The $10k number will find you soon based on the way you are going. 10 becomes 25 faster than you think. Stay the course, you are headed in the right direction!

Thanks for the motivation Capt.  It definitely seems like a long way off looking at my numbers, but I can't even imagine where I'd be if I hadn't stumbled across MMM.

Optimiser

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Re: Race to Positive Net Worth
« Reply #12 on: April 27, 2017, 05:22:48 PM »
Posting to join this thread. I'll add my numbers soon.

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #13 on: April 27, 2017, 07:40:39 PM »
Posting to join this thread. I'll add my numbers soon.

Sounds great Antioch....and welcome!

SwordGuy

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Re: Race to Positive Net Worth
« Reply #14 on: April 27, 2017, 09:33:53 PM »
Y'all are in the most important race - once you're above zero compounding growth works in your favor instead of against you!

Here's a hint: List your interest rates along with your debt.

And also list what new thing you could do to increase income or decrease expenses next month...

ElleFiji

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Re: Race to Positive Net Worth
« Reply #15 on: April 28, 2017, 06:47:21 AM »
Well hello my people. I will happily join in this race.

Student loan is  -18k
TFSA savings is 5048
Chequing is 1200
RRSP is 227.11
TFSA investing is 186.25

May 1 net worth is about -11338.64
December 2015 NW was -28000
Mediocrity is not an option for me. I don't want that and neither should you.
Olivia

Optimiser

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Re: Race to Positive Net Worth
« Reply #16 on: April 28, 2017, 01:16:19 PM »
A little history:

12/31/2011: $18,719
12/31/2012: $23,793   Income: 20k/yr.
12/31/2013: -$57,156   Started grad school financed by loans and got married and to a wife with a lot of student loans
12/31/2014: -$71,684   Still in grad school - more loans. Found MMM.
12/31/2015: -$68,111   Graduated and started working in June.
12/31/2016: -$61,128

January: -57,500
February: -58,300
March: -50,400

End of March break down:

Student Loan -43,200 3.04%
Student Loan -45,700 5.61%
Investments 22,700
Cash 10,200
Cars 5,500

We just finished paying off a student loan that was 7.125%. I'm on the fence about paying down the 5.61% loan or investing. Right now I'm leaning toward maxing our tIRAs, and then putting anything extra we can scrape together toward the loan.

mustache you a question

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Re: Race to Positive Net Worth
« Reply #17 on: April 28, 2017, 02:42:29 PM »
A little history:

12/31/2011: $18,719
12/31/2012: $23,793   Income: 20k/yr.
12/31/2013: -$57,156   Started grad school financed by loans and got married and to a wife with a lot of student loans
12/31/2014: -$71,684   Still in grad school - more loans. Found MMM.
12/31/2015: -$68,111   Graduated and started working in June.
12/31/2016: -$61,128

January: -57,500
February: -58,300
March: -50,400

End of March break down:

Student Loan -43,200 3.04%
Student Loan -45,700 5.61%
Investments 22,700
Cash 10,200
Cars 5,500

We just finished paying off a student loan that was 7.125%. I'm on the fence about paying down the 5.61% loan or investing. Right now I'm leaning toward maxing our tIRAs, and then putting anything extra we can scrape together toward the loan.

Have you looked at Sofi?  Check the front page for a referral link, you get a $300 bonus for signing up!  I refinanced my student loans and was able to get my interest rate to 4.99.

Vindicated

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Re: Race to Positive Net Worth
« Reply #18 on: April 28, 2017, 02:57:14 PM »
Yay, a race for me!

Most of my debt is Student Loans, for a Masters in Education I don't even use.  Although, I plan to go back into teaching in ~15yrs when I have a nice nest egg and no debt.

Sep 2016 = -$65,647
Oct 2016 = -$63,503
Nov 2016 = -$62,024  Discovered MMM
Dec 2016 = -$59,969
Jan 2017 = -$58,670   Job Changed Lowering Income ~$500/mo :(
Feb 2017 = -$57,447
Mar 2017 = -$53,518  Taxes! Woohoo!
Apr 2017 =   TBD

Sadly, I'm no longer traveling to customers, so I've lost my fat mileage reimbursement numbers.  I'm working on getting into a new job though.  I miss my previous role.  Anyone hiring technical salesmen in the Indianapolis area? :D

Good luck to all my fellow seekers of ZERO!
My MMM Journal: https://forum.mrmoneymustache.com/journals/my-almost-perfect-life-experience/

"Remember that sometimes not getting what you want is a wonderful stroke of luck. - Dalai Lama

Vindicated

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Re: Race to Positive Net Worth
« Reply #19 on: April 28, 2017, 03:02:10 PM »
It appears the closest race to my current state is "Race to 10k." 

I'd like to break this down into an even smaller increment:  Race to 0. 

Here is my rough breakdown of where I am at today:

April 2017
Student Loans: -$124,000
Mortgage: -$133,000
Investments: $88,000
Net Worth: -$170,000

Question.  Shouldn't your home value be counted in this?  If your home is worth $150,000, your Net Worth would be -$20k right?
My MMM Journal: https://forum.mrmoneymustache.com/journals/my-almost-perfect-life-experience/

"Remember that sometimes not getting what you want is a wonderful stroke of luck. - Dalai Lama

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #20 on: April 28, 2017, 08:58:56 PM »
It's nice to see I am not alone out there with negative net worth. 

I know I just created this thread....but I can't wait to be able to graduate to the next level up!

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #21 on: April 29, 2017, 04:20:52 AM »
Alright, final numbers for April are in. I consider the day before the next paycheck the relevant scencario here :-)

April 2017:
Federal student loan 1: -9370
Federal student loan 2: -3946
Bank loan and credit card: -3208
Investments, car and liquidity: 6152

Net worth: -10382

Had a little luck with unexpected money, but car maintenance was more expensive than hoped for.

Target for May: crush 10k and never look back!

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #22 on: April 29, 2017, 08:53:18 AM »
Alright, final numbers for April are in. I consider the day before the next paycheck the relevant scencario here :-)

April 2017:
Federal student loan 1: -9370
Federal student loan 2: -3946
Bank loan and credit card: -3208
Investments, car and liquidity: 6152

Net worth: -10382

Had a little luck with unexpected money, but car maintenance was more expensive than hoped for.

Target for May: crush 10k and never look back!

SWEET!  I hope you crush it too!

Ashleylizbeth

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Re: Race to Positive Net Worth
« Reply #23 on: April 29, 2017, 05:45:00 PM »
Hi there! I am a LONG time lurker and finally have a thread I can post in.
I currently have a NW of -$20,534 ($19,699 in savings and 401k and $40,234 in SL and small CC)

I have been contributing 16% to my 401K and today decided to up that to 21% ( 3% employer match)

I am hoping to hit zero sometime next year.

Good Luck everyone!!

ElleFiji

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Re: Race to Positive Net Worth
« Reply #24 on: April 29, 2017, 06:58:08 PM »
Hi there! I am a LONG time lurker and finally have a thread I can post in.
I currently have a NW of -$20,534 ($19,699 in savings and 401k and $40,234 in SL and small CC)

I have been contributing 16% to my 401K and today decided to up that to 21% ( 3% employer match)

I am hoping to hit zero sometime next year.

Good Luck everyone!!
Zero in a year? That will be amazing!
Mediocrity is not an option for me. I don't want that and neither should you.
Olivia

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #25 on: April 30, 2017, 11:27:39 AM »
End of April Update:


Student Loans: -$122,551.68
Mortgage: -$133,024.59
Investments: $101,808.61
Net Worth: -$153,767.66

Optimiser

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Re: Race to Positive Net Worth
« Reply #26 on: May 01, 2017, 09:28:16 AM »

End of March break down:

Student Loan -43,200 3.04%
Student Loan -45,700 5.61%
Investments 22,700
Cash 10,200
Cars 5,500

End of April:
Student Loan -43,100 3.04%
Student Loan -45,700 5.61%
Investments 23,500
Cash 16,400
Cars 5,000

+6696.69 This is not a typical month income wise, but it sure feels good to see a jump like this.

Just calculated we are up over 17k YTD. That is blowing my mind!
« Last Edit: May 01, 2017, 01:16:44 PM by Optimiser »

recklesslysober

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Re: Race to Positive Net Worth
« Reply #27 on: May 01, 2017, 12:39:57 PM »
03/2017: -$93,047.89
04/2017: -$90,326.48

+$2,721.41 (2.9%)


Fiscal_Hawk

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Re: Race to Positive Net Worth
« Reply #28 on: May 01, 2017, 01:18:32 PM »
It appears the closest race to my current state is "Race to 10k." 

I'd like to break this down into an even smaller increment:  Race to 0. 

Here is my rough breakdown of where I am at today:

April 2017
Student Loans: -$124,000
Mortgage: -$133,000
Investments: $88,000
Net Worth: -$170,000

Question.  Shouldn't your home value be counted in this?  If your home is worth $150,000, your Net Worth would be -$20k right?

I was thinking the same thing. Assets - Liabilities. Value of house minus the mortgage owed.

Unless OP is upside down $133k on the house.

ElleFiji

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Re: Race to Positive Net Worth
« Reply #29 on: May 01, 2017, 02:04:06 PM »
Well hello my people. I will happily join in this race.

Student loan is  -18k
TFSA savings is 5048
Chequing is 1200
RRSP is 227.11
TFSA investing is 186.25

May 1 net worth is about -11338.64
December 2015 NW was -28000
Student loan is -19.5 and chequing was spent on things. So my correct number is -14.5k

Still getting better all the time!
Mediocrity is not an option for me. I don't want that and neither should you.
Olivia

westtoeast

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Re: Race to Positive Net Worth
« Reply #30 on: May 01, 2017, 02:51:45 PM »
This is great!

I'm in a weird spot because I'm hoping to get some student loan forgiveness in 2.5 years (for 5 years teaching in a low-income school). Instead of throwing all my extra income at debt, I've calculated the amount I need to pay each month so that I have exactly the forgiveness amount left over in 2.5 years. So despite having debt, I'm growing my stash through decent sized contributions to retirement accounts and working my way to an emergency fund of $10,000. I'd like to join in this thread, however, because it's nice to connect with others who are in the negative numbers right now AND because I want to save enough in non-retirement accounts that I can immediately pay off my debt IF something changes in my work situation or if the government no longer funds the program I'm counting on.

2011: -38,000 (graduated with BA in History, took AmeriCorps position & deferred payments)
2012-2014: -39,000 (entered 1.5 year graduate program, free w/ living stipend, continued to defer payments)
2014: -40,000 (started full-time teaching job, I enter an income-based repayment plan that declares minimum payments are 0)
** why oh why didn't I pay at least the interest??
2015: -41,000 (lowest point-- now paying larger minimum payments due to increased income)
2016: -39,000 (I discover MMM, start crushing smaller private loan and double payments to federal loans)
2017: -24,500 (results after 1 year of MMM... wow, I hadn't realized just how much I'd paid off!)

Current Situation:
Debts: -$24,500
Assets: $4,800 (Emergency Fund); $8,000 (Investment Accounts); $15,000 (Pension)

Plan of Action:
Step One: Increase loan payments to 2.5x minimum (ETA September 2017, getting a raise)
Step Two: Achieve EF of $10,000 (ETA August 2017)
Step Three: Divert all post-investment extra income to a "loan contingency plan" savings account

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #31 on: May 01, 2017, 08:04:58 PM »
It appears the closest race to my current state is "Race to 10k." 

I'd like to break this down into an even smaller increment:  Race to 0. 

Here is my rough breakdown of where I am at today:

April 2017
Student Loans: -$124,000
Mortgage: -$133,000
Investments: $88,000
Net Worth: -$170,000

Question.  Shouldn't your home value be counted in this?  If your home is worth $150,000, your Net Worth would be -$20k right?

I was thinking the same thing. Assets - Liabilities. Value of house minus the mortgage owed.

Unless OP is upside down $133k on the house.

Wow, how could I have overlooked this?  I also haven't added my two cars either.  I'm such a rookie.

End of April Update (Revised):

Student Loans: -$122,551.68
Mortgage: -$133,024.59
House Value: $213,725 (Zillow Estimate)
Car 1: $7,500 (Edmunds Estimate)
Car 2: $10,300 (Edmunds Estimate)
Investments: $101,808.61

Net Worth: $77,757.34

Ummmmmmm.....
I know I just created this thread....but I can't wait to be able to graduate to the next level up!

Vindicated

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Re: Race to Positive Net Worth
« Reply #32 on: May 02, 2017, 06:24:33 AM »
Net Worth: $77,757.34

Ummmmmmm.....
I know I just created this thread....but I can't wait to be able to graduate to the next level up!

Congratulations!

Haha.
My MMM Journal: https://forum.mrmoneymustache.com/journals/my-almost-perfect-life-experience/

"Remember that sometimes not getting what you want is a wonderful stroke of luck. - Dalai Lama

Optimiser

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Re: Race to Positive Net Worth
« Reply #33 on: May 02, 2017, 08:51:00 AM »
Congrats SeaKayEl! I'm glad you made this tread even if you don't belong here anymore.

Fiscal_Hawk

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Re: Race to Positive Net Worth
« Reply #34 on: May 02, 2017, 10:20:42 AM »
It appears the closest race to my current state is "Race to 10k." 

I'd like to break this down into an even smaller increment:  Race to 0. 

Here is my rough breakdown of where I am at today:

April 2017
Student Loans: -$124,000
Mortgage: -$133,000
Investments: $88,000
Net Worth: -$170,000

Question.  Shouldn't your home value be counted in this?  If your home is worth $150,000, your Net Worth would be -$20k right?

I was thinking the same thing. Assets - Liabilities. Value of house minus the mortgage owed.

Unless OP is upside down $133k on the house.

Wow, how could I have overlooked this?  I also haven't added my two cars either.  I'm such a rookie.

End of April Update (Revised):

Student Loans: -$122,551.68
Mortgage: -$133,024.59
House Value: $213,725 (Zillow Estimate)
Car 1: $7,500 (Edmunds Estimate)
Car 2: $10,300 (Edmunds Estimate)
Investments: $101,808.61

Net Worth: $77,757.34

Ummmmmmm.....
I know I just created this thread....but I can't wait to be able to graduate to the next level up!

That's quite the turnaround in just a few days:)

Now I will say that for me personally, I don't include vehicles in my asset category only because I don't need them like I do a place to live. However, that part is totally up to you.

Also, in valuing a house you can do it two ways:
1) Current market value minus mortgage owed (such as you did)

OR

2) What you paid for the house minus mortgage owed.

Neither way is wrong. Number 2 is just a more conservative way (most of the time) of calculating it.

Regardless, great job on turning things around and continue to increase that Net Worth!!!

Optimiser

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Re: Race to Positive Net Worth
« Reply #35 on: May 02, 2017, 10:47:24 AM »
Now I will say that for me personally, I don't include vehicles in my asset category only because I don't need them like I do a place to live. However, that part is totally up to you.

I agree that this is a personal decision. The reason I like including my cars in my net worth is that it makes the depreciation hurt when I have to write the cars down a little more each month. A constant reminder that cars are a drag on my net worth. This discourages me from buying a more expensive car, although seeing the big NW hit if I paid cash for a newer car would probably accomplish the same thing.

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #36 on: May 02, 2017, 06:55:47 PM »
Thanks guys!

lexde

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Re: Race to Positive Net Worth
« Reply #37 on: May 05, 2017, 08:04:37 PM »
Oh man, this one hurts.

Assets: $25.6K (I count my car, I shouldn't, but it's the only thing that keeps me sane. And it's paid off.)
Loans: $42.1K

Net Worth: -$16.5K

Goal: $0NW (with $24Kish in loans remaining) by 12/31/17
Goal: debt-free by 05/31/18

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #38 on: May 06, 2017, 09:14:45 AM »
I agree that this is a personal decision. The reason I like including my cars in my net worth is that it makes the depreciation hurt when I have to write the cars down a little more each month. A constant reminder that cars are a drag on my net worth. This discourages me from buying a more expensive car, although seeing the big NW hit if I paid cash for a newer car would probably accomplish the same thing.

Exactly. My car is included in net worth too, because of a) If I lost my job, I would not need a car -> Sell it and poof, the loan is gone too b) I write down 100 per month. I am not upside down on my car, of course.

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #39 on: May 06, 2017, 09:18:56 AM »

Net Worth: $77,757.34

Ummmmmmm.....
I know I just created this thread....but I can't wait to be able to graduate to the next level up!

Have fun in the race to 100k, and thanks for making this thread :-D

SeaKayEl

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Re: Race to Positive Net Worth
« Reply #40 on: May 06, 2017, 10:16:32 PM »

Net Worth: $77,757.34

Ummmmmmm.....
I know I just created this thread....but I can't wait to be able to graduate to the next level up!

Have fun in the race to 100k, and thanks for making this thread :-D

Thanks Bob!

Abooki

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Re: Race to Positive Net Worth
« Reply #41 on: May 09, 2017, 08:59:26 AM »
Yayyy this is exactly what I was looking for. Here we go:

Here are my stats:

-$52452.56 --> student loans
-$3381--> stupid car loan.(got a cheap 2006 Honda Civic but got a car loan since I didn't know better then)
+$28916.02 --> 401k
Networth: -$26917.9

Goal: Debt free before 2019.
« Last Edit: May 09, 2017, 09:02:54 AM by Abooki »

Vindicated

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Re: Race to Positive Net Worth
« Reply #42 on: May 09, 2017, 01:35:44 PM »
Updated for April.  This $1,200/mo isn't enough.  I need to step up my game. 

Sep 2016 = -$65,647
Oct 2016 = -$63,503
Nov 2016 = -$62,024  Discovered MMM
Dec 2016 = -$59,969
Jan 2017 = -$58,670   Job Changed Lowering Income ~$500/mo :(
Feb 2017 = -$57,447
Mar 2017 = -$53,518  Taxes! Woohoo!
Apr 2017 = -$52,280
My MMM Journal: https://forum.mrmoneymustache.com/journals/my-almost-perfect-life-experience/

"Remember that sometimes not getting what you want is a wonderful stroke of luck. - Dalai Lama

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #43 on: May 24, 2017, 06:42:15 AM »
May shapes up to be a weird month with far more money in and out than expected... Anyways, quick update calculation gives -9800 (500 gained) with final numbers coming in next week :-) keep it up fellow mustachians!

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #44 on: May 30, 2017, 11:47:40 AM »
Final numbers for May!

May 2017:
Federal student loan 1: -9370
Federal student loan 2: -3947
Bank loan and credit card: -2998
Investments, car and liquidity: 6463

Net worth: -9852

Had to get my cars' exhaust pipe fixed, but also had tax returns and a lot of different stuff going on. So all in all im good with the progress :-) 9.5k here we go, June will be about getting this credit card out of the way.

How are you guys doing?

Optimiser

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Re: Race to Positive Net Worth
« Reply #45 on: June 01, 2017, 09:47:35 AM »
End of April:
Student Loan -43,100 3.04%
Student Loan -45,700 5.61%
Investments 23,500
Cash 16,400
Cars 5,000

Total -43,900

End of May:
Student Loan -42,900 3.25%
Student Loan -45,700 5.55%
Investments 24,800
Cash 12,300
Cars 5,200

Total -46,300

Not the direction I want to see. We spent some money for a vacation we are taking next month, did some car repairs, and replaced a computer that broke. We had the cash to do it all, but it hurts seeing the numbers going the wrong direction.
« Last Edit: June 01, 2017, 09:52:25 AM by Optimiser »

Vindicated

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Re: Race to Positive Net Worth
« Reply #46 on: June 01, 2017, 10:23:06 AM »
Updated for April.  This $1,200/mo isn't enough.  I need to step up my game. 

Sep 2016 = -$65,647
Oct 2016 = -$63,503
Nov 2016 = -$62,024  Discovered MMM
Dec 2016 = -$59,969
Jan 2017 = -$58,670   Job Changed Lowering Income ~$500/mo :(
Feb 2017 = -$57,447
Mar 2017 = -$53,518  Taxes! Woohoo!
Apr 2017 = -$52,280
May 2017 = -$52,135

Ugly month for me as well.  Had to pay off the AT&T contract since I cancelled DirectTV.  The new lower bill will make up the difference.  A few other spendipants issues, but I should be set up for better months going forward.
My MMM Journal: https://forum.mrmoneymustache.com/journals/my-almost-perfect-life-experience/

"Remember that sometimes not getting what you want is a wonderful stroke of luck. - Dalai Lama

recklesslysober

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Re: Race to Positive Net Worth
« Reply #47 on: June 01, 2017, 10:45:32 AM »
04/2017: -$90,326.48
05/2017: -$88,772.73

+$1,553.75 (1.7%)

Not the best month, but happy to be moving in the right direction and to see the -$90s gone.

Also hit $20K increase in net worth for the year!

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #48 on: July 02, 2017, 03:18:29 AM »
June 2017:
Federal student loan 1: -9055
Federal student loan 2: -3949
Bank loan and credit card: -1648
Investments, car and liquidity: 5410

Net worth: -9242
Once again this month more going on than anticipated, but net worth increased by 610 :-)

lexde

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Re: Race to Positive Net Worth
« Reply #49 on: July 03, 2017, 07:05:09 PM »
Oh man, this one hurts.

Assets: $25.6K (I count my car, I shouldn't, but it's the only thing that keeps me sane. And it's paid off.)
Loans: $42.1K

Net Worth: -$16.5K

Goal: $0NW (with $24Kish in loans remaining) by 12/31/17
Goal: debt-free by 05/31/18
Per YNAB, June 2016 ended me up at -12,532.
In the first half of this year I have increased my NW by $12,928.66. So that puts me on track to hit $0 by 12/31/17 with a few dollars to spare.