Author Topic: Race to Positive Net Worth  (Read 4216 times)

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #50 on: July 04, 2017, 11:00:20 AM »
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.

That is impressive! Keep going, year's end is going to be awesome :-)

recklesslysober

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Re: Race to Positive Net Worth
« Reply #51 on: July 05, 2017, 12:39:56 PM »
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!

June was better.

06/2017: -$86,517.85

+$2,254.88 (2.5%)

Bateaux

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Re: Race to Positive Net Worth
« Reply #52 on: July 07, 2017, 02:02:51 AM »
Soon your paycheck pays YOU.   Imagine the power that brings.   Every month you're virtually hiring an employee to do part of the heavy lifting once you're net positive.  Eventually they will do all the work.
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
 ― Antoine de Saint Exupery-

Class of 2019

Optimiser

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Re: Race to Positive Net Worth
« Reply #53 on: July 19, 2017, 07:40:55 AM »
January: -57,500
February: -58,300
March: -50,400
April: -43,900
May: -46,300

June: -38,200

June was a great month for us. July won't be as good on the income side of things, probably not as good for expenses either, as we were on vacation for 2 weeks and had some car repairs done.


TheAnonOne

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Re: Race to Positive Net Worth
« Reply #54 on: July 20, 2017, 11:51:30 AM »
I am almost glad that I was oblivious to MMM back when my NW was < 0

Luckily, I wasn't a spendy man back then either, but I understand the plight here.

Fight ON!

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #55 on: August 01, 2017, 11:39:30 AM »
So in July I sold my graphics card to the mining crazy people and paid for a week of vacation on Crete in September/October. Much movement, atypical month.

Jluy 2017:
Federal student loan 1: -€9055
Federal student loan 2: -€3953
Bank loan and credit card: -€1973
Investments, car and liquidity: €5850

Net worth: -€9131 (+110 since June)

I now have more liquidity than short term (non-government) debt!

I will also most likely not prolong my Ph.D. position after Dec 31st, which means I will have to write the thesis at home after hours, but I will very likely make more money in 6 months from now. Stressfull, but when you're still upside down on net worth, money is king.


Optimiser

  • Bristles
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Re: Race to Positive Net Worth
« Reply #56 on: August 02, 2017, 03:39:56 PM »
January: -57,500
February: -58,300
March: -50,400
April: -43,900
May: -46,300
June: -38,200

July: -41,300

In July we went on a fancy pants 2 week European vacation, replaced a timing belt, and made some quarterly tax payments so I don't fee too bad that we got a little bit further from the goal.

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #57 on: August 31, 2017, 01:40:22 PM »
Seems this race to positive thread is fading against the race to 10k. Should we assemble in the 10k thread, what do you think?

Anyways, update time!

August 2017:
Federal student loan 1: -€9055
Federal student loan 2: -€3956
Bank loan and credit card: -€743
Investments, car and liquidity: €4713

Net worth: -€9041 (+90 since July...)

A bit of an atypical month again, had to spend money on computer repairs and 250€ for university stuff. Will go to minimum budget and generate a bit of side income in September.

Final rate on the old bank loan is due tomorrow, I am free of debt with more than 1.2% interest! Feels so good! One cash flow sucker gone!

Optimiser

  • Bristles
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Re: Race to Positive Net Worth
« Reply #58 on: August 31, 2017, 02:48:22 PM »
I like it here, and I can look forward to graduating to the 10k thread.


January: -57,500
February: -58,300
March: -50,400
April: -43,900
May: -46,300
June: -38,200
July: -41,300

August: -40,200

Moving in the right direction again!

ElleFiji

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Re: Race to Positive Net Worth
« Reply #59 on: September 01, 2017, 09:03:55 PM »
I'm up about $50 this quarter. And tightening up my wallet for the next bit

lexde

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Re: Race to Positive Net Worth
« Reply #60 on: September 02, 2017, 07:57:46 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.
July 2017: -7,715
August 2017: -6,251

JonnyFromCanada

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Re: Race to Positive Net Worth
« Reply #61 on: September 07, 2017, 07:42:52 AM »
January 2017: -16,000
September 2017: -9,320

I just sold $2,800 worth of my stocks which will go straight to that debt. So in three days or so when it goes through I should be at -6,500.

I'm thinking by June 2018 I will definitely be debt-free (finally).

Optimiser

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Re: Race to Positive Net Worth
« Reply #62 on: September 07, 2017, 07:45:36 AM »
January 2017: -16,000
September 2017: -9,320

I just sold $2,800 worth of my stocks which will go straight to that debt. So in three days or so when it goes through I should be at -6,500.

I'm thinking by June 2018 I will definitely be debt-free (finally).

Were you not including those stocks in your net worth?

JonnyFromCanada

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Re: Race to Positive Net Worth
« Reply #63 on: September 10, 2017, 10:14:04 AM »
My bad, I didn't.

I guess my net worth would be steady around -4000 then.