Author Topic: Defeat the Net Debt  (Read 100166 times)

RWD

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Re: Defeat the Net Debt
« Reply #100 on: March 26, 2019, 11:51:38 AM »
Congratulations RWD, so what's the next challenge for you?  The race to 1M?
Thanks! Yeah, that is probably the next big milestone. Hovering around $700k net worth right now.

paulkots

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Re: Defeat the Net Debt
« Reply #101 on: April 01, 2019, 07:52:55 AM »
I will join, hoping to cross the $0 net debt mark by end of this year. I have no car loans, just a mortgage against various accounts.

04/01/2019: Net: $23,593.99
« Last Edit: April 02, 2019, 05:00:31 AM by paulkots »

Arbitrage

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Re: Defeat the Net Debt
« Reply #102 on: April 01, 2019, 08:21:08 AM »
Don't think I'll be finishing this race until we sell the house/move; most of our investments are in tax-advantaged accounts.  Could be wrong, though I'm actually scaling back our taxable investing further this year due to an opportunity to fund a Mega Backdoor Roth IRA and HSA for the first time.

Mortgage: $(393.8k)
Student Loan: $(32.6k)
Taxable: $148k

Net: $(278.4k)

Started late January 2019 at ($290.2k)

Slow&Steady

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Re: Defeat the Net Debt
« Reply #103 on: April 01, 2019, 01:46:01 PM »
We are not to the point of starting to put money into taxable but I would love to see our investments overshadow our debts, without consideration for equity, so I like this tracking measure.

Starting Debt: 189,160
Starting Rental Debt: 127,721 (it is a debt, income producing but still a debt)
Starting Taxable: 0
Starting 401K/IRA: 114,767

Current Debt: 183,575
Current Rental Debt: 119,425 (it is a debt, income producing but still a debt)
Current Taxable: 0
Current 401K/IRA: 124,179

Net Investments:
11/30/2018: 202,112
01/03/2019: 207,812
02/04/2019: 199,734
03/04/2019: 188,368
04/01/2019: 178,821

I love seeing these ~$10k jumps in the right direction.  I doubt it will continue being such a big jump but it is a good mood boost during this slower early phase.

terrifictim

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Re: Defeat the Net Debt
« Reply #104 on: April 01, 2019, 03:41:32 PM »
Saw this thread from DPOYM Club and thought I would join as well for motivation:

10/1/18
Mortgage: 197,600
Taxable: 29,922
Net Taxable: 167,678
Retirement: 162,233
Net Retirement: 5,445

4/1/19
Mortgage 1: 194,859
Mortgage 2 (Income Producing Rental but Still Debt): 214,044
Taxable: 39,184
Net Taxable: 369,719
Retirement: 184,669
Net Retirement: 185,050

frugalecon

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Re: Defeat the Net Debt
« Reply #105 on: April 03, 2019, 03:30:49 AM »

Total Debt: $220,083
Taxable Assets: $161,803

Net Debt:

[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)

achvfi

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Re: Defeat the Net Debt
« Reply #106 on: April 03, 2019, 09:47:34 AM »
Starting Mortgage  = 112900
Starting Brokerage = 3100
Starting EF            = 12800


Month     ->  Mortgage - Taxable - EF  = NET
2019 Jan -> 112900 - 3100 - 12800 = (97000)
2019 Feb -> 111616 - 3500 - 13134 = (94982)
2019 Mar -> 111616 - 16700 - 13754 = (81162) ---> I just realized I have more in taxable.
« Last Edit: April 03, 2019, 09:51:35 AM by achvfi »

Morning Glory

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Re: Defeat the Net Debt
« Reply #107 on: April 07, 2019, 08:13:32 AM »
Yikes, this one could take a while:
Mortgage: -216,524 (30 yr at 3.75%)
Taxable: 113,056
Net debt equals -103,468
Mortgage: -211,575
Taxable: 107,649
Net debt is -103,926
My taxable account hasn't quite recovered from the late fall drop, and all new contributions so far have gone to tax advantaged accounts.

Mortgage: 210,176
Taxable: 123,907
Net Debt: 86,269
Finally under 100k!!!!!

Mississippi Mudstache

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Re: Defeat the Net Debt
« Reply #108 on: April 08, 2019, 07:26:30 AM »
April update:

Investments: $231.2K
Mortgage: -$234.0K
Auto: -$5.8K

Net Debt

04 JAN 2019: -$43K
15 FEB 2019: -$31K
01 MAR 2019: -$24K
08 APR 2019: -$8.6K

Clearly the investments are doing the heavy lifting in this equation.

talltexan

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Re: Defeat the Net Debt
« Reply #109 on: April 08, 2019, 12:03:08 PM »
I'm actually keeping some debt on the books right now, using savings to pay medical bills (which I can reimburse from a health savings account in the future) rather than pay down that debt. Perhaps I ought to include my HSA balance in my "net debt" numbers...

Kierun

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Re: Defeat the Net Debt
« Reply #110 on: April 09, 2019, 04:11:26 PM »
10/18 - ~(638k)
11/18 - ~(637k)
12/18 - ~(637k)
1/19 - ~(642k)
2/19 - ~(636k)
3/19 -
Mortgage: ~392k
Mortgage: ~356k

Taxable: ~116k

Net: ~(632k)
Mortgage: ~391k
Mortgage: ~356k

Taxable: ~121k

Net: ~(626k)
« Last Edit: July 08, 2019, 05:15:35 PM by Kierun »

sisto

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Re: Defeat the Net Debt
« Reply #111 on: April 09, 2019, 04:15:03 PM »
I am happy to announce that I have beat the net debt. My taxable accounts finally have more than my mortgage and my 0% interest loan combined which is the only debt I carry. I float cc debt every month, but it's part of the budget and gets paid in full. I was close for a while and was just recently able to buy some more Vanguard to put me over the top.

Kierun

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Re: Defeat the Net Debt
« Reply #112 on: April 09, 2019, 04:40:43 PM »
I am happy to announce that I have beat the net debt. My taxable accounts finally have more than my mortgage and my 0% interest loan combined which is the only debt I carry. I float cc debt every month, but it's part of the budget and gets paid in full. I was close for a while and was just recently able to buy some more Vanguard to put me over the top.
Congratulations!  Another graduate, so exciting.

Gail2000

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Re: Defeat the Net Debt
« Reply #113 on: April 09, 2019, 07:23:47 PM »
-33500 As of today 4-9-2019.

Looks like everyone is doing amazing! Aiming for 20 months for net zero. Here goes!

RWD

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Re: Defeat the Net Debt
« Reply #114 on: April 09, 2019, 08:10:48 PM »
I am happy to announce that I have beat the net debt. My taxable accounts finally have more than my mortgage and my 0% interest loan combined which is the only debt I carry. I float cc debt every month, but it's part of the budget and gets paid in full. I was close for a while and was just recently able to buy some more Vanguard to put me over the top.
Congrats!

sisto

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Re: Defeat the Net Debt
« Reply #115 on: April 10, 2019, 01:40:37 PM »
Thanks @Kierun and @RWD it's funny how these little milestones help keep us motivated and on the right track. It's nice to achieve goals along the way. Also super close to hitting $1M liquid assets soon too, been chasing that one for some time now. Came so very close at the end of last year before the market turned. This year has had many challenges, but almost there again. It will happen any day now.

Kierun

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Re: Defeat the Net Debt
« Reply #116 on: April 10, 2019, 02:01:59 PM »
That's awesome Sisto, I'm still only halfway to the $1M liquid assets, but will likely hit that goal before I defeat this net debt.

sisto

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Re: Defeat the Net Debt
« Reply #117 on: April 11, 2019, 09:50:28 AM »
@Kierun They are all important milestones along the way to our FIRE goals. This goal isn't all that important for everyone because some debt is ok to hold. So the liquid NW is definitely a much better one to hit.

Kierun

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Re: Defeat the Net Debt
« Reply #118 on: April 11, 2019, 11:30:20 AM »
@Kierun They are all important milestones along the way to our FIRE goals. This goal isn't all that important for everyone because some debt is ok to hold. So the liquid NW is definitely a much better one to hit.
For sure, this is just a fun metric to see for me, not a particular goal to hit. The true goal is to hit FI.  And this debt will be with me for a long time as I'm comfortably in the DPOYM club.

achvfi

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Re: Defeat the Net Debt
« Reply #119 on: April 30, 2019, 03:05:07 PM »
Starting Mortgage  = 112900
Starting Brokerage = 3100
Starting EF            = 12800


Month     ->  Mortgage - Taxable - EF  = NET
2019 Jan -> 112900 - 3100 - 12800 = (97000)
2019 Feb -> 111616 - 3500 - 13134 = (94982)
2019 Mar -> 111616 - 16700 - 13754 = (81162) ---> I just realized I have more in taxable.
2019 Apr -> 110900 - 18100 - 14400 = (78400)

Slow&Steady

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Re: Defeat the Net Debt
« Reply #120 on: April 30, 2019, 03:19:44 PM »
We are not to the point of starting to put money into taxable but I would love to see our investments overshadow our debts, without consideration for equity, so I like this tracking measure.

Starting Debt: 189,160
Starting Rental Debt: 127,721 (it is a debt, income producing but still a debt)
Starting Taxable: 0
Starting 401K/IRA: 114,767

Current Debt: 182,428
Current Rental Debt: 114,160 (it is a debt, income producing but still a debt)
Current Taxable: 0
Current 401K/IRA: 130,479


Net Investments:
11/30/2018: 202,112
01/03/2019: 207,812
02/04/2019: 199,734
03/04/2019: 188,368
04/01/2019: 178,821
05/01/2019: 166,109

Another $10k+ difference and I will take it.

frugalecon

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Re: Defeat the Net Debt
« Reply #121 on: May 03, 2019, 06:21:51 PM »
Total Debt: $216,983
Taxable Assets: $159,983

Net Debt:

[5.03.2019] ($57,000) (Steeling myself for having to tap taxable for some expenses on top of the humongous taxes we had to pay in April)
[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: May 04, 2019, 04:31:17 AM by frugalecon »

ItsALongStory

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Re: Defeat the Net Debt
« Reply #122 on: May 03, 2019, 10:07:52 PM »
Thanks for the clarification, in that case we are way way behind defeating the net debt.

Mortgage: $161k @ 3.625% (no PMI)
2nd mortgage: $49.5k @ 4.89%
Car loan: $18.5k @ 0%

Taxable: $14k

Total: $(215k)

At my current rate we are paying off $1300 in principal each month and saving about $1400 a month on the taxable side so about a $2700 swing each month. I guess without any market impact that means 79.63 months. I am eligible for a bonus and intend to put that towards the 2nd mortgage this year and next. My wife isn't in on the FIRE idea but our joint account is used to pay all 3 of these debts, I am solely contributing to my taxable account.
Maxed out my IRA for 2019 today so that dropped my taxable account to just below 10k but it's for a solid reason.

Sent from my Pixel 2 XL using Tapatalk

Had the wrong balance for our mortgage so we took a step back in debt as well as in taxable due to filling Roth for 2019.

Mortgage: $164.7k @ 3.625% (no PMI)
2nd mortgage: $49.3k @ 4.89%
Car loan: $15.5k @ 0%

Taxable: $11k

Total: $(218.5k)


Sent from my Pixel 2 XL using Tapatalk

Mortgage: $164037 @ 3.625% (no PMI)
2nd mortgage: $48659 @ 4.89%
Car loan: $14725 @ 0%

Taxable: $17634

Total: $($209787)

Almost a 10k drop in 2 months, I'll take that. Can't wait for my bonus (post 401k) that will go squarely towards the 2nd mortgage. Hoping for a nice chunk there.
« Last Edit: May 03, 2019, 10:09:39 PM by ItsALongStory »

paulkots

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Re: Defeat the Net Debt
« Reply #123 on: May 06, 2019, 12:08:42 PM »
I will join, hoping to cross the $0 net debt mark by end of this year. I have no car loans, just a mortgage against various accounts.

04/01/2019: Net: $23,593.99

05/06/2019: Net: $17,737.44

ItsALongStory

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Re: Defeat the Net Debt
« Reply #124 on: May 06, 2019, 10:26:21 PM »
I will join, hoping to cross the $0 net debt mark by end of this year. I have no car loans, just a mortgage against various accounts.

04/01/2019: Net: $23,593.99

05/06/2019: Net: $17,737.44
Big jump there, market gains helped a lot?

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Kierun

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Re: Defeat the Net Debt
« Reply #125 on: May 15, 2019, 01:10:40 PM »
10/18 - ~(638k)
11/18 - ~(637k)
12/18 - ~(637k)
1/19 - ~(642k)
2/19 - ~(636k)
3/19 - ~(632k)
4/19 -
Mortgage: ~391k
Mortgage: ~356k

Taxable: ~121k

Net: ~(626k)
5/19 -
Mortgage: ~389k
Mortgage: ~355k

Taxable: ~120k

Net: ~(624k)
« Last Edit: July 08, 2019, 06:03:13 PM by Kierun »

ItsALongStory

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Re: Defeat the Net Debt
« Reply #126 on: May 25, 2019, 07:19:09 AM »
Thanks for the clarification, in that case we are way way behind defeating the net debt.

Mortgage: $161k @ 3.625% (no PMI)
2nd mortgage: $49.5k @ 4.89%
Car loan: $18.5k @ 0%

Taxable: $14k

Total: $(215k)

At my current rate we are paying off $1300 in principal each month and saving about $1400 a month on the taxable side so about a $2700 swing each month. I guess without any market impact that means 79.63 months. I am eligible for a bonus and intend to put that towards the 2nd mortgage this year and next. My wife isn't in on the FIRE idea but our joint account is used to pay all 3 of these debts, I am solely contributing to my taxable account.
Maxed out my IRA for 2019 today so that dropped my taxable account to just below 10k but it's for a solid reason.

Sent from my Pixel 2 XL using Tapatalk

Had the wrong balance for our mortgage so we took a step back in debt as well as in taxable due to filling Roth for 2019.

Mortgage: $164.7k @ 3.625% (no PMI)
2nd mortgage: $49.3k @ 4.89%
Car loan: $15.5k @ 0%

Taxable: $11k

Total: $(218.5k)


Sent from my Pixel 2 XL using Tapatalk

Mortgage: $164037 @ 3.625% (no PMI)
2nd mortgage: $48659 @ 4.89%
Car loan: $14725 @ 0%

Taxable: $17634

Total: $($209787)

Almost a 10k drop in 2 months, I'll take that. Can't wait for my bonus (post 401k) that will go squarely towards the 2nd mortgage. Hoping for a nice chunk there.
Got a sweet raise that takes effect next month and should be a great sign for my bonus too. Excited to bump up my taxable savings starting June.

One thing I could also consider is post-tax Roth with conversions as time goes on. My plan offers it but not sure of the benefits if that vs brokerage. Time to do some more research.

Edit: seems like after-tax 401k with conversion is a no brainer so I will go that route. I actually dropped my standard pre-tax percentage so it won't get filled up until closer to the end of the year (it's irrelevant for our match) in favor of a higher after-tax 401k deduction.

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« Last Edit: May 25, 2019, 08:05:59 AM by ItsALongStory »

achvfi

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Re: Defeat the Net Debt
« Reply #127 on: May 31, 2019, 09:28:15 PM »
Starting Mortgage  = 112900
Starting Brokerage = 3100
Starting EF            = 12800


Month     ->  Mortgage - Taxable - EF  = NET
2019 Jan -> 112900 - 3100 - 12800 = (97000)
2019 Feb -> 111616 - 3500 - 13134 = (94982)
2019 Mar -> 111616 - 16700 - 13754 = (81162) ---> I just realized I have more in taxable.
2019 Apr -> 110900 - 18100 - 14400 = (78400)
2019 May -> 110300 - 18500 - 15000 = (76800)

frugalecon

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Re: Defeat the Net Debt
« Reply #128 on: June 01, 2019, 07:12:14 AM »
Total Debt: $213,883
Taxable Assets: $160,792

Net Debt:

[6.01.2019] ($53,091)
[5.03.2019] ($57,000) (Steeling myself for having to tap taxable for some expenses on top of the humongous taxes we had to pay in April)
[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)

paulkots

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Re: Defeat the Net Debt
« Reply #129 on: June 04, 2019, 11:41:44 AM »
I will join, hoping to cross the $0 net debt mark by end of this year. I have no car loans, just a mortgage against various accounts.

04/01/2019: Net: $23,593.99
05/06/2019: Net: $17,737.44

06/04/2019: $18,693.47

terrifictim

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Re: Defeat the Net Debt
« Reply #130 on: June 07, 2019, 10:42:55 AM »
Saw this thread from DPOYM Club and thought I would join as well for motivation:

10/1/18
Mortgage: 197,600
Taxable: 29,922
Net Taxable: 167,678
Retirement: 162,233
Net Retirement: 5,445

4/1/19
Mortgage 1: 194,859
Mortgage 2 (Income Producing Rental but Still Debt): 214,044
Taxable: 39,184
Net Taxable: 369,719
Retirement: 184,669
Net Retirement: 185,050

6/1/19
Mortgage 1: 193,934
Mortgage 2 (Income Producing Rental but Still Debt): 212,909
Taxable: 42,489
Net Taxable: 364,354
Retirement: 198,262
Net Retirement: 166,092

Doing this really helps with the motivation. It's tempting to focus on the debt side and see how slowly it is reducing - but to see the asset side continue to increase and know I'm buying more "perpetual money-making machines" keeps me staying the course.

Kierun

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Re: Defeat the Net Debt
« Reply #131 on: June 10, 2019, 12:01:16 PM »
11/18 - ~(637k)
12/18 - ~(637k)
1/19 - ~(642k)
2/19 - ~(636k)
3/19 - ~(632k)
4/19 - ~(626k)
5/19 -
Mortgage: ~389k
Mortgage: ~355k

Taxable: ~120k

Net: ~(624k)
Mortgage: ~388k
Mortgage: ~355k

Taxable: ~144k (adding in DW's account)

Net: ~(599k)
« Last Edit: July 08, 2019, 06:03:24 PM by Kierun »

ItsALongStory

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Re: Defeat the Net Debt
« Reply #132 on: June 10, 2019, 07:16:04 PM »
11/19 - ~(637k)
12/19 - ~(637k)
1/19 - ~(642k)
2/19 - ~(636k)
3/19 - ~(632k)
4/19 - ~(626k)
5/19 -
Mortgage: ~389k
Mortgage: ~355k

Taxable: ~120k

Net: ~(624k)
Mortgage: ~388k
Mortgage: ~355k

Taxable: ~144k (adding in DW's account)

Net: ~(599k)
Next milestone will be a big one, congrats on this one!

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Kierun

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Re: Defeat the Net Debt
« Reply #133 on: June 11, 2019, 11:28:14 AM »
11/19 - ~(637k)
12/19 - ~(637k)
1/19 - ~(642k)
2/19 - ~(636k)
3/19 - ~(632k)
4/19 - ~(626k)
5/19 -
Mortgage: ~389k
Mortgage: ~355k

Taxable: ~120k

Net: ~(624k)
Mortgage: ~388k
Mortgage: ~355k

Taxable: ~144k (adding in DW's account)

Net: ~(599k)
Next milestone will be a big one, congrats on this one!

Sent from my Pixel 2 XL using Tapatalk
Thanks!  Yes, definitely looking forward to being under 500k, I'm guessing it'll be mostly from debt payments as almost all of our savings go to tax-advantaged accounts.

achvfi

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Re: Defeat the Net Debt
« Reply #134 on: June 28, 2019, 06:15:41 PM »
Starting Mortgage  = 112900
Starting Brokerage = 3100
Starting EF            = 12800


Month     ->  Mortgage - Taxable - EF  = NET
2019 Jan -> 112900 - 3100 - 12800 = (97000)
2019 Feb -> 111616 - 3500 - 13134 = (94982)
2019 Mar -> 111616 - 16700 - 13754 = (81162) ---> I just realized I have more in taxable.
2019 Apr -> 110900 - 18100 - 14400 = (78400)
2019 May -> 110300 - 18500 - 15000 = (76800)
2019 Jun ->  109600 - 19700 - 15670 = (74230)

Gail2000

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Re: Defeat the Net Debt
« Reply #135 on: June 29, 2019, 12:06:03 PM »
-33500 As of today 4-9-2019.

Looks like everyone is doing amazing! Aiming for 20 months for net zero. Here goes!

We are currently at-22900.00

Plugging away at it. I think I can, I thin I can....

frugalecon

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Re: Defeat the Net Debt
« Reply #136 on: June 29, 2019, 04:38:04 PM »
-33500 As of today 4-9-2019.

Looks like everyone is doing amazing! Aiming for 20 months for net zero. Here goes!

We are currently at-22900.00

Plugging away at it. I think I can, I thin I can....

Great progress!

frugalecon

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Re: Defeat the Net Debt
« Reply #137 on: July 02, 2019, 03:07:05 AM »
Total Debt: $210,782
Taxable Assets: $160,792

Net Debt:

[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000) (Steeling myself for having to tap taxable for some expenses on top of the humongous taxes we had to pay in April)
[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: July 02, 2019, 07:48:11 AM by frugalecon »

Slow&Steady

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Re: Defeat the Net Debt
« Reply #138 on: July 02, 2019, 07:26:07 AM »
We are not to the point of starting to put money into taxable but I would love to see our investments overshadow our debts, without consideration for equity, so I like this tracking measure.

Starting Debt: 189,160
Starting Rental Debt: 127,721 (it is a debt, income producing but still a debt)
Starting Taxable: 0
Starting 401K/IRA: 114,767

Current Debt: 206,970
Current Rental Debt: 113,340 (it is a debt, income producing but still a debt)
Current Taxable: 0
Current 401K/IRA: 129,146


Net Investments:
11/30/2018: 202,112
01/03/2019: 207,812
02/04/2019: 199,734
03/04/2019: 188,368
04/01/2019: 178,821
05/01/2019: 166,109
07/02/2019: 191,164

Spent the last 2 months going in the wrong direction.  Some decisions were made that I was not included in, some decisions were made that are better for my well-being but not the bank account, and some decisions were made that we will not see the financial impact of for a few months.  Posting to keep myself accountable and so that looking back on these numbers in the (hopefully not to far off) future will remind me that things that seem huge and overwhelming can be overcome.

ico

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Re: Defeat the Net Debt
« Reply #139 on: July 02, 2019, 07:38:38 AM »
Gotta start somewhere.

Total Debt: $135,732.48
Taxable Assets: $2,665.99

Net Debt:

[7.02.2019] ($133,066.49)

Kierun

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Re: Defeat the Net Debt
« Reply #140 on: July 09, 2019, 02:52:17 PM »
1/19 - ~(642k)
2/19 - ~(636k)
3/19 - ~(632k)
4/19 - ~(626k)
5/19 -~(624k)
6/19
Mortgage: ~388k
Mortgage: ~355k

Taxable: ~144k (added in DW's account)

Net: ~(599k)
Mortgage: ~386k
Mortgage: ~354k

Taxable: ~147k

Net: ~(593k)

paulkots

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Re: Defeat the Net Debt
« Reply #141 on: July 30, 2019, 06:42:40 AM »
04/01/2019: Net: $23,593.99
05/06/2019: Net: $17,737.44
06/04/2019: $18,693.47

07/30/2019: $6,753.27

Missed a month because I took a 30 day roadtrip. Things will slow down since roommates are moving out so I will have less $$$ to throw at this.

Slow&Steady

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Re: Defeat the Net Debt
« Reply #142 on: July 30, 2019, 07:39:29 AM »
We are not to the point of starting to put money into taxable but I would love to see our investments overshadow our debts, without consideration for equity, so I like this tracking measure.

Starting Debt: 189,160
Starting Rental Debt: 127,721 (it is a debt, income producing but still a debt)
Starting Taxable: 0
Starting 401K/IRA: 114,767

Spent the last 2 months going in the wrong direction.  Some decisions were made that I was not included in, some decisions were made that are better for my well-being but not the bank account, and some decisions were made that we will not see the financial impact of for a few months.  Posting to keep myself accountable and so that looking back on these numbers in the (hopefully not to far off) future will remind me that things that seem huge and overwhelming can be overcome.

Current Debt: 206,970
Current Rental Debt: 113,340 (it is a debt, income producing but still a debt)
Current Taxable: 0
Current 401K/IRA: 129,146


Net Investments:
11/30/2018: 202,112
01/03/2019: 207,812
02/04/2019: 199,734
03/04/2019: 188,368
04/01/2019: 178,821
05/01/2019: 166,109
07/02/2019: 191,164
07/30/2019: 195,896

More backwards movement from changes mentioned above, August and maybe September should also move in the wrong direction.  Once all of these hit the bottom line though, things should start moving much faster in the correct direction.

achvfi

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Re: Defeat the Net Debt
« Reply #143 on: July 30, 2019, 08:03:21 AM »
04/01/2019: Net: $23,593.99
05/06/2019: Net: $17,737.44
06/04/2019: $18,693.47

07/30/2019: $6,753.27

Missed a month because I took a 30 day roadtrip. Things will slow down since roommates are moving out so I will have less $$$ to throw at this.

Wow, 30 day road trip! I am so jealous. Feels like I need a break, a long one.

achvfi

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Re: Defeat the Net Debt
« Reply #144 on: August 01, 2019, 07:13:42 PM »
Starting Mortgage  = 112900
Starting Brokerage = 3100
Starting EF            = 12800


Month     ->  Mortgage - Taxable - EF  = NET
2019 Jan -> 112900 - 3100 - 12800 = (97000)
2019 Feb -> 111616 - 3500 - 13134 = (94982)
2019 Mar -> 111616 - 16700 - 13754 = (81162) ---> I just realized I have more in taxable.
2019 Apr -> 110900 - 18100 - 14400 = (78400)
2019 May -> 110300 - 18500 - 15000 = (76800)
2019 Jun ->  109600 - 19700 - 15670 = (74230)
2019 Jul  ->  109000 -  20972 - 16300 = (71728) ---> Target goal in 3 years or less.

terrifictim

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Re: Defeat the Net Debt
« Reply #145 on: August 02, 2019, 10:34:15 AM »
Saw this thread from DPOYM Club and thought I would join as well for motivation:

10/1/18
Mortgage: 197,600
Taxable: 29,922
Net Taxable: 167,678
Retirement: 162,233
Net Retirement: 5,445

4/1/19
Mortgage 1: 194,859
Mortgage 2 (Income Producing Rental but Still Debt): 214,044
Taxable: 39,184
Net Taxable: 369,719
Retirement: 184,669
Net Retirement: 185,050

6/1/19
Mortgage 1: 193,934
Mortgage 2 (Income Producing Rental but Still Debt): 212,909
Taxable: 42,489
Net Taxable: 364,354
Retirement: 198,262
Net Retirement: 166,092

Doing this really helps with the motivation. It's tempting to focus on the debt side and see how slowly it is reducing - but to see the asset side continue to increase and know I'm buying more "perpetual money-making machines" keeps me staying the course.

8/1/19
Mortgage 1: 193,004
Mortgage 2 (Income Producing Rental but Still Debt): 212,147
Taxable: 46,884
Cash/EF: 46,473
Net Taxable: 311,794
Retirement: 216,119
Net Retirement: 95,675

Some nice market gains + realizing I hadn't been including my EF. It's cool to know I could knock out one of the mortgages in a moment if I had to - and will be even better when I have enough that I could knock out both.

frugalecon

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Re: Defeat the Net Debt
« Reply #146 on: August 03, 2019, 04:44:24 AM »
Total Debt: $208,009
Taxable Assets: $160,495

Net Debt:

[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)

Kierun

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Re: Defeat the Net Debt
« Reply #147 on: August 08, 2019, 06:50:40 PM »
2/19 - ~(636k)
3/19 - ~(632k)
4/19 - ~(626k)
5/19 - ~(624k)
6/19 - ~(599k) (added in DW's account)
7/19
Mortgage: ~386k
Mortgage: ~354k

Taxable: ~147k

Net: ~(593k)
Mortgage: ~385k
Mortgage: ~354k

Taxable: ~145k

Net: ~(594k)

paulkots

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Re: Defeat the Net Debt
« Reply #148 on: September 03, 2019, 01:46:09 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

Missed a month because I took a 30 day roadtrip. Things will slow down since roommates are moving out so I will have less $$$ to throw at this.

09/03/2019: $7,110.79

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

achvfi

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Re: Defeat the Net Debt
« Reply #149 on: September 03, 2019, 03:49:22 PM »
Starting Mortgage  = 112900
Starting Brokerage = 3100
Starting EF            = 12800


Month     ->  Mortgage - Taxable - EF  = NET
2019 Jan -> 112900 - 3100 - 12800 = (97000)
2019 Feb -> 111616 - 3500 - 13134 = (94982)
2019 Mar -> 111616 - 16700 - 13754 = (81162) ---> I just realized I have more in taxable.
2019 Apr -> 110900 - 18100 - 14400 = (78400)
2019 May -> 110300 - 18500 - 15000 = (76800)
2019 Jun ->  109600 - 19700 - 15670 = (74230)
2019 Jul  ->  109000 -  20972 - 16300 = (71728) ---> Target goal in 3 years or less.
2019 Aug ->  108350 -  21758 - 16958 = (69634)