Author Topic: Race to Positive Net Worth  (Read 5768 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

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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

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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.

BobTheBuilder

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Re: Race to Positive Net Worth
« Reply #64 on: September 25, 2017, 07:44:10 AM »
Numbers coming early, as we are flying to Crete in 36 hours :-) 5 days of sun for us hopefully!

I refinanced the big student loan. By paying back all at once and early, I got a 26.5% discount, around 2500€. Rate of the bank loan is 3.3%, which is so low I put the excess money in div-stocks since they would not lend less than 10K. Btw they qualified me for 38K, which is insane...

Here it comes :-)
Student loan: 3,955€ at 0.75%
Bank loan: 10,000€ at 3.3%
Credit Card: 864€ (paid full each period)

Investments and liquidity: 5216€
Car: 3610€

Net worth: -5995€ up 3043€! (YEAH; crossed -6K!)
« Last Edit: September 25, 2017, 07:46:04 AM by BobTheBuilder »

MrMustache

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Re: Race to Positive Net Worth
« Reply #65 on: September 30, 2017, 09:46:57 AM »
So glad I found this place has made me quite conscious of my finances. Made many many many mistakes living beyond means over the years especially after salary bumps.

Credit cards: -4230 (0% until May 2018), paid off 14k on my high interest cards between May and today.
Cash: 2600
401k: 1280 (stopped contributing since no match to pay off the high interest credit cards and returning 8% on that as of now)
Today: -350 NW
Live in a HCOL area though so tomorrow I get to dish out ~2100 for rent, utilities, car insurance. So really about -3000.

After running numbers November 3rd is my day to officially be positive net worth. Since my last card is 0% till May I'm getting my emergency fund built and paying off the card at April statement.



Optimiser

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Re: Race to Positive Net Worth
« Reply #66 on: October 02, 2017, 09:31:30 AM »
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

September: -33,200

Cashed out all of my unpaid overtime per the suggestions in my case study. I'm up 24k this year and I'm starting to feel like I'm actually going to make it to zero at some point.

lexde

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Race to Positive Net Worth
« Reply #67 on: October 04, 2017, 09:12:41 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.
July 2017: -7,715
August 2017: -6,251


So close! Getting there slowly but surely.
September 2017: -4,475

Abooki

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Re: Race to Positive Net Worth
« Reply #68 on: October 04, 2017, 12:21:14 PM »
Long time no update.
Since May 2017 to Oct 4 2017(now)
-$52452.56 -->-$49260.62 student loans
-$3381--> $0 stupid car loan.(got a cheap 2006 Honda Civic but got a car loan since I didn't know better then)
+$28916.02 -->+$35733.21 401k
Networth: -$26917.9-->-$13527.41
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.

Vindicated

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Re: Race to Positive Net Worth
« Reply #69 on: October 11, 2017, 06:11:15 AM »

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
Jun 2017   = -$52,335
Jul 2017    = -$49,500
Aug 2017   = -$47,200  Started new job!
Sep 2017   = -$45,832  All Credit Cards = $0!
Oct 2017   =  -$44,189 

Remaining debt is Car, Home, and Student Loans.  Car and Home are both below 5%, but some student loans aren't.  They're my new focus!  I'm contributing 6% to 401k to get company match of 5%.  Once all debt above 5% are gone, I'll open a Vanguard account or increase 401k contributions.

I've got more info and some graphs in my journal if any are interested.
« Last Edit: November 01, 2017, 09:12:52 AM by Vindicated »
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 #70 on: October 30, 2017, 02:57:09 PM »
October is done! Cat got sick, stocks went so-so. I am still invested in hand-picked stocks, but added German-Mid-Cap to the mix and will only increase this portion of the portfolio for now. Anyways, two stocks with massive gains, one with more-massive loss, ended up slightly positive for this month.

Student loan: 3,957€ at 0.75%
Bank loan: 10,017€ at 3.3%
Credit Card: 320€ (paid full each period)

Investments and liquidity: 5081€
Car: 3500€

Net worth: -5713€ up 282€

Optimiser

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Re: Race to Positive Net Worth
« Reply #71 on: November 01, 2017, 08:57:45 AM »
January: -57,500
February: -58,300
March: -50,400
April: -43,900
May: -46,300
June: -38,200
July: -41,300
August: -40,200
September: -33,200

October: -30,900

It seemed like a normal month, blows my mind to see us moving so quickly in the right direction.

lexde

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Re: Race to Positive Net Worth
« Reply #72 on: November 01, 2017, 09:09:05 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.
July 2017: -7,715
August 2017: -6,251


So close! Getting there slowly but surely.
September 2017: -4,475
October 2017: -3,098

Vindicated

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Re: Race to Positive Net Worth
« Reply #73 on: November 01, 2017, 09:12:09 AM »
October 2017: -3,098

So close!  woohoo!
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

vertkurt

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Re: Race to Positive Net Worth
« Reply #74 on: November 01, 2017, 09:28:55 AM »

October 2017: -3,098

So close!  woohoo!

That's encouraging to see. Currently screwed with a 278k student loan...fml

lexde

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Re: Race to Positive Net Worth
« Reply #75 on: November 01, 2017, 10:03:47 AM »

October 2017: -3,098

So close!  woohoo!

That's encouraging to see. Currently screwed with a 278k student loan...fml
Doctor?

vertkurt

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Re: Race to Positive Net Worth
« Reply #76 on: November 01, 2017, 11:06:37 AM »

October 2017: -3,098

So close!  woohoo!

That's encouraging to see. Currently screwed with a 278k student loan...fml
Doctor?

Yes...and not the high earning kind unfortunately. Still young, 30, but it's going to take at least 10 years at 800/week to pay it off with the criminal interest rate they charge. It's okay though...still have my health.

I've posted in the race to 10k-100k also because I'm trying to blast the loan and invest at the same time. It's quite depressing really. I now advise other young folks to reaaaallly think about post bac studies financially because frankly optometry, pharmacy, and vet just isn't worth it imo. The income to loan is absurd. MD, DDS, and others are really bad also, but atleast they command 300k+ salaries sometimes.

I often think I should've gone engineering or some other applied STEM degree. Alas, it's too late now.

Kudos to you for paying yours off. I was watching yours tick down in the thread and felt hopeful.

lexde

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Re: Race to Positive Net Worth
« Reply #77 on: November 01, 2017, 11:23:52 AM »

October 2017: -3,098

So close!  woohoo!

That's encouraging to see. Currently screwed with a 278k student loan...fml
Doctor?

Yes...and not the high earning kind unfortunately. Still young, 30, but it's going to take at least 10 years at 800/week to pay it off with the criminal interest rate they charge. It's okay though...still have my health.

I've posted in the race to 10k-100k also because I'm trying to blast the loan and invest at the same time. It's quite depressing really. I now advise other young folks to reaaaallly think about post bac studies financially because frankly optometry, pharmacy, and vet just isn't worth it imo. The income to loan is absurd. MD, DDS, and others are really bad also, but atleast they command 300k+ salaries sometimes.

I often think I should've gone engineering or some other applied STEM degree. Alas, it's too late now.

Kudos to you for paying yours off. I was watching yours tick down in the thread and felt hopeful.
I started at 120k in debt since I got my undergrad debt free. Starting salary was 40k (had to wait to become licensed) then 65k, which is my current salary and I’m taking a decent chunk out of my loans just on that. If you can, specialize and go hard. I have a doctor in my family and he gave me some advice that’s applicable to both MD and JD (at least because we both deal with insurance companies). He told me to focus on billing. Bill for everything that you ethically can. Get creative with it as long as you aren’t fudging it. “Pain pays”. He finishes his charting every day without fail and bills for everything he possibly can since the insurance companies will cut it anyway. By doing this, he brings in 30-40% more than the other doctors in his practice and gets much larger bonuses. He said he put time into improving his billing but the time you put in it pays for itself with every single patient you see.

I make 65k as a lawyer, my SO makes 80k as a mechanical engineer, so you’re doing okay! Don’t let the day to day get you down. That’s the hardest part.

Sometimes what I do is make “F—U” payments of like $1 or $5 or $20 when I can. Just so they have to process it. It’s petty but makes me feel a little better and it does add up. One time I made a $.63 payment to even out my bank account.

We will get to zero and then it gets easier from there!

vertkurt

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Re: Race to Positive Net Worth
« Reply #78 on: November 01, 2017, 01:47:07 PM »

October 2017: -3,098

So close!  woohoo!

That's encouraging to see. Currently screwed with a 278k student loan...fml
Doctor?

Yes...and not the high earning kind unfortunately. Still young, 30, but it's going to take at least 10 years at 800/week to pay it off with the criminal interest rate they charge. It's okay though...still have my health.

I've posted in the race to 10k-100k also because I'm trying to blast the loan and invest at the same time. It's quite depressing really. I now advise other young folks to reaaaallly think about post bac studies financially because frankly optometry, pharmacy, and vet just isn't worth it imo. The income to loan is absurd. MD, DDS, and others are really bad also, but atleast they command 300k+ salaries sometimes.

I often think I should've gone engineering or some other applied STEM degree. Alas, it's too late now.

Kudos to you for paying yours off. I was watching yours tick down in the thread and felt hopeful.
I started at 120k in debt since I got my undergrad debt free. Starting salary was 40k (had to wait to become licensed) then 65k, which is my current salary and I’m taking a decent chunk out of my loans just on that. If you can, specialize and go hard. I have a doctor in my family and he gave me some advice that’s applicable to both MD and JD (at least because we both deal with insurance companies). He told me to focus on billing. Bill for everything that you ethically can. Get creative with it as long as you aren’t fudging it. “Pain pays”. He finishes his charting every day without fail and bills for everything he possibly can since the insurance companies will cut it anyway. By doing this, he brings in 30-40% more than the other doctors in his practice and gets much larger bonuses. He said he put time into improving his billing but the time you put in it pays for itself with every single patient you see.

I make 65k as a lawyer, my SO makes 80k as a mechanical engineer, so you’re doing okay! Don’t let the day to day get you down. That’s the hardest part.

Sometimes what I do is make “F—U” payments of like $1 or $5 or $20 when I can. Just so they have to process it. It’s petty but makes me feel a little better and it does add up. One time I made a $.63 payment to even out my bank account.

We will get to zero and then it gets easier from there!
I will keep that advice in mind regarding the billing. You are your SO are earning slightly more than us, 80k and 45k here, and have managed to eradicate your loans so there is hope for us too I believe. 278k at 7% is absolutely draining us and there is no way to refinance either. We just have to snowball the loans and pay off the ones in reach that have higher interest rates and hopefully refinance once its down to 150k.

I like the FU payments! That made me chuckle.

Primm

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Re: Race to Positive Net Worth
« Reply #79 on: November 02, 2017, 11:02:04 PM »
I'm playing too. I reckon 3 years and I'll be close to zero.

Current situation as at 1 November 2017:

Assets: I'm not including cars or house in here because realistically they aren't easily monetised, and I'll still need them post-retirement. So this is cash, retirement fund and investments.

$245,659.90

Liabilities: Conversely I *am* including car loan and mortgage in here, because while they exist they still need to be paid and impact on my expenses.

-$300,822.73

Net worth:

-$55,162.83

Better than last year, but not by enough.

Vindicated

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Re: Race to Positive Net Worth
« Reply #80 on: November 03, 2017, 06:20:08 AM »
I'm playing too. I reckon 3 years and I'll be close to zero.

Current situation as at 1 November 2017:

Assets: I'm not including cars or house in here because realistically they aren't easily monetised, and I'll still need them post-retirement. So this is cash, retirement fund and investments.

$245,659.90

Liabilities: Conversely I *am* including car loan and mortgage in here, because while they exist they still need to be paid and impact on my expenses.

-$300,822.73

Net worth:

-$55,162.83

Better than last year, but not by enough.

If you're looking for net worth, you would include home and cars.  Just assuming the -$300k doesn't include other debt, and your value if you sold those items was $350k, you would have a net worth of roughly $300k.

You're welcome to track your money however you want of course.  I'm just not sure it's still considered "net worth" if you don't count your home and cars.  Maybe there is another name for this number.
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

ElleFiji

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Re: Race to Positive Net Worth
« Reply #81 on: November 03, 2017, 10:01:03 AM »

October 2017: -3,098

So close!  woohoo!

That's encouraging to see. Currently screwed with a 278k student loan...fml
Doctor?

Yes...and not the high earning kind unfortunately. Still young, 30, but it's going to take at least 10 years at 800/week to pay it off with the criminal interest rate they charge. It's okay though...still have my health.

I've posted in the race to 10k-100k also because I'm trying to blast the loan and invest at the same time. It's quite depressing really. I now advise other young folks to reaaaallly think about post bac studies financially because frankly optometry, pharmacy, and vet just isn't worth it imo. The income to loan is absurd. MD, DDS, and others are really bad also, but atleast they command 300k+ salaries sometimes.

I often think I should've gone engineering or some other applied STEM degree. Alas, it's too late now.

Kudos to you for paying yours off. I was watching yours tick down in the thread and felt hopeful.
I started at 120k in debt since I got my undergrad debt free. Starting salary was 40k (had to wait to become licensed) then 65k, which is my current salary and I’m taking a decent chunk out of my loans just on that. If you can, specialize and go hard. I have a doctor in my family and he gave me some advice that’s applicable to both MD and JD (at least because we both deal with insurance companies). He told me to focus on billing. Bill for everything that you ethically can. Get creative with it as long as you aren’t fudging it. “Pain pays”. He finishes his charting every day without fail and bills for everything he possibly can since the insurance companies will cut it anyway. By doing this, he brings in 30-40% more than the other doctors in his practice and gets much larger bonuses. He said he put time into improving his billing but the time you put in it pays for itself with every single patient you see.

I make 65k as a lawyer, my SO makes 80k as a mechanical engineer, so you’re doing okay! Don’t let the day to day get you down. That’s the hardest part.

Sometimes what I do is make “F—U” payments of like $1 or $5 or $20 when I can. Just so they have to process it. It’s petty but makes me feel a little better and it does add up. One time I made a $.63 payment to even out my bank account.

We will get to zero and then it gets easier from there!

I love your fu payments!

Almost every time I log into my bank I throw $10 at something - the SL, pre paying a bill. Just moving a small amount I won't miss into a useful spot.  But I'm now tempted to throw SOMETHING at the loans every time so they can process it.

talltexan

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Re: Race to Positive Net Worth
« Reply #82 on: November 16, 2017, 01:07:37 PM »
Is anybody here doing the plan where you just sock money away into an SP500 index, and--when it's equal to the balance of the loans--you take it out and pay those suckers off?

lexde

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Re: Race to Positive Net Worth
« Reply #83 on: November 16, 2017, 02:01:19 PM »
Is anybody here doing the plan where you just sock money away into an SP500 index, and--when it's equal to the balance of the loans--you take it out and pay those suckers off?
Nope. The gains from S&amp;P are not worth risking vs. guaranteed 6% interest rate from loans plus capital gains tax. Paying it off in big chunks each month instead. Investing will come later.

lexde

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Re: Race to Positive Net Worth
« Reply #84 on: November 16, 2017, 02:02:22 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


So close! Getting there slowly but surely.
September 2017: -4,475
October 2017: -3,098
November 16, 2017: -2,585

Shelfside27

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Re: Race to Positive Net Worth
« Reply #85 on: November 17, 2017, 07:21:28 AM »
Nice work Lexde, almost there :-) . Also a big fan of your graph formatting  and stolen it for myself :-D

Dicey

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Re: Race to Positive Net Worth
« Reply #86 on: Today at 12:57:07 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!
Looks like SeaKayEl has left the building thread. Just chiming in to say I hope no one else is counting their mortgage. It is Secured Debt on an appreciating asset, which is a whole different thing. Also, please be sure you're saving enough to get the full match if there is one. Do your Roth, too. Your future selves will thank you for not waiting until you get out of debt, even if it takes you slightly longer to climb out of the abyss.
I did it! I have a journal!
A Lot Like This
And hell yes, I am still moving confidently in the direction of my dreams...