Defeat the Net Debt

[talltexan]

You won't regret feeding the Roth, nice progress!

[frugalecon]

You won't regret feeding the Roth, nice progress!

Slow and steady wins the race...

[Kierun]

09/19 - ~(573k)
10/19 - ~(572k)
11/19 - ~(563k)
12/19 - ~(558k)
01/20 - ~(563k)
02/20
Mortgage: ~375k
Mortgage: ~351k

Taxable: ~170k

Net: ~(556k)

03/20
Mortgage: ~374k
Mortgage: ~350k

Taxable: ~152k

Net: ~(572k)

[An Unassuming Moose]

March update:

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

$160100 > $117900

Totals $117900 - $446600 = $328700

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

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

[Bettersafe]

Nice progress here!

[frugalecon]

Total Debt: $182,587
Total Taxable Assets: $142,866

Net Debt:

[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)

[Kierun]

10/19 - ~(572k)
11/19 - ~(563k)
12/19 - ~(558k)
01/20 - ~(563k)
02/20 - ~(556k)
03/20
Mortgage: ~374k
Mortgage: ~350k

Taxable: ~152k

Net: ~(572k)

04/20
Mortgage: ~372k
Mortgage: ~350k

Taxable: ~143k

Net: ~(579k)

[paulkots]

04/01/2019: $23,593.99
05/06/2019: $17,737.44
06/04/2019: $18,693.47
07/30/2019: $6,753.27
09/03/2019: $7,110.79

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

04/10/2020: $21,466.73

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

[Taran Wanderer]

Stumbled upon this thread.  I really like this idea.  Once the tax-deferred amounts are fully funded and the account balances, get big, the market has a bigger impact than the contributions, so tracking gets dull.  Paying down debt feels good, but with low interest rates (3.79% for us), it doesn't make a lot of sense to pay down a mortgage.

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

Thanks for the inspiration!

[An Unassuming Moose]

April update:

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

$117900 > $137900

Totals $137900 - $452400 = $314500

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

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

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

[frugalecon]

Total Debt: $179,451
Total Taxable Assets: $147,010

Net Debt:

[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)

[ItsALongStory]

Could this move very quick now, @frugalecon . Assuming the markets continue to recover that is ...

[frugalecon]

Could this move very quick now, @frugalecon . Assuming the markets continue to recover that is ...

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

[Dicey]

Just chiming in to say steady as she goes...it's likely to be a bumpy ride for a good long while, but eventually it will smooth out. Keep your eyes on the horizon and you'll get there.

[frugalecon]

Just chiming in to say steady as she goes...it's likely to be a bumpy ride for a good long while, but eventually it will smooth out. Keep your eyes on the horizon and you'll get there.

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

[paulkots]

04/01/2019: $23,593.99
05/06/2019: $17,737.44
06/04/2019: $18,693.47
07/30/2019: $6,753.27
09/03/2019: $7,110.79
04/10/2020: $21,466.73

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

05/08/2020: $9,994.30

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

[RWD]

Mortgage: $145k
Cars: $31k
Total debt: $176k

Vanguard brokerage: $231k

[5/8/2020] Net: $55k
[3/23/2019] Net: $1k
[3/1/2019] Net: ($10k)
[2/1/2019] Net: ($17k)
[1/4/2019] Net: ($31k)
[12/4/2018] Net: ($28k)
[11/1/2018] Net: ($31k)
[10/1/2018] Net: ($21k)
[9/4/2018] Net: ($36k)
[8/2/2018] Net: ($37k)

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

[An Unassuming Moose]

May update:

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

$0 > $137600
$137900 > $138300

Totals $275900 - $610100 = $334200

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

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

[frugalecon]

Total Debt: $179,454
Total Taxable Assets: $149,459

Net Debt:

[05.15.2020] ($29,995)
[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)

[frugalecon]

Total Debt: $173,950
Total Taxable Assets: $149,967

Net Debt:

[06.01.2020] ($23,983)
[05.15.2020] ($29,995)
[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)

[Kierun]

11/19 - ~(563k)
12/19 - ~(558k)
01/20 - ~(563k)
02/20 - ~(556k)
03/20 - ~(572k)
04/20 - ~(579k)

05/20 -
Mortgage: ~371k
Mortgage: ~349k

Taxable: ~175k

Net: ~(545k)

06/20
Mortgage: ~369k
Mortgage: ~349k

Taxable: ~174k

Net: ~(544k)

[An Unassuming Moose]

June update:

$3100 > $1000
$10700 > $10700
$59700 > $59700
$136600 > $136600
$140300 > $140000
$249800 > $249700

$137600 > $158500
$138300 > $146800

Totals $305300 - $597700 = $292400

Sept 2019: $318800
Oct 2019: $306600
Nov 2019: $296300
Jan 2020: $289200
Feb 2020: $286600
Mar 2020: $328700
April 2020: $314500
May 2020: $324200
June 2020: $292400

Picked up some steam this month, and a summer contract that will hopefully be lucrative.

[terrifictim]

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.

6/1/20
Mortgage 1: 188,262
Mortgage 2 (Income Producing Rental but Still Debt): 208,263
Taxable: 55,912
Cash/EF: 33,796
Net Taxable: 306,817
Retirement: 265,942
Net Retirement: 40,875

Cool to see the progress over the last year. Even with DW going to part time this year - and then going to no time soon (Kid # 1 in Aug!) been able to put $50k in retirement while continuing to slowly whittle down both mortgages. Goal is be in the green in Net Retirement by next year. 

[frugalecon]

Total Debt: $169,656
Total Taxable Assets: $154,846

Net Debt:

[07.01.2020] ($14,810)
[06.01.2020] ($23,983)
[05.15.2020] ($29,995)
[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)

[paulkots]

04/01/2019: $23,593.99
05/06/2019: $17,737.44
06/04/2019: $18,693.47
07/30/2019: $6,753.27
09/03/2019: $7,110.79
04/10/2020: $21,466.73
05/08/2020: $9,994.30
06/01/2020: $8,018.36

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

07/01/2020: $4,370.98

Could have done better but I bought a few very unnecessary things. Looks like I may be done in August now.

[Kierun]

01/20 - ~(563k)
02/20 - ~(556k)
03/20 - ~(572k)
04/20 - ~(579k)
05/20 - ~(545k)
06/20
Mortgage: ~369k
Mortgage: ~349k

Taxable: ~174k

Net: ~(544k)

07/20
Mortgage: ~368k
Mortgage: ~348k

Taxable: ~180k

Net: ~(536k)

[An Unassuming Moose]

$1000 > $0
$10700 > $10700
$59700 > $59700
$136600 > $133500
$140000 > $140400
$249700 > $249700

$158500 > $160500
$146800 > $153200

Totals $313700 - $594000 = $280300

Sept 2019: $318800
Oct 2019: $306600
Nov 2019: $296300
Jan 2020: $289200
Feb 2020: $286600
Mar 2020: $328700
April 2020: $314500
May 2020: $324200
June 2020: $292400
July 2020: $280300

I was thinking about what this metric really means. I use leveraging quite heavily, and don't intend to stop as long as the interest rates allow me to continue profitably. But leveraging cancels out, because for each liability there is an asset to counterbalance. So I can continue to reduce the net debt, but remain leveraged. This is great news!

Examined another way, the net debt is debt incurred to either fill taxable accounts, or for non-stock purchases.

Anyway, good month, according to this metric.

[Arbitrage]

Mortgage: $(375.8k)
Student Loan: $(28.7k)
Taxable: $212.7k

Net: $(191.8k)


Jan 2019: ($290.2k)
Apr 2019: ($278.4k)
Sep 2019: ($248.7k)
Dec 2019: ($217.3k)
Jul 2020: ($191.8k)

[ItsALongStory]

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.

Sent from my Pixel 2 XL using Tapatalk

Bonus gets paid this month so u switched to high pretax 401k, will move back to lower pre and high post tax 401k starting next month. Next year I'll plan it a little more aggressively.

As far as this thread is concerned I gave not made a ton of progress unfortunately.

Sent from my Pixel 2 XL using Tapatalk

Sold our house and my car earlier this month, we are officially debt free! Feels great to not have nearly as many recurring bills.

[Kierun]

Congrats on being debt free!

[MickeyFinn]

I'll join in this one...

Total Debt: $597,000
Total Taxable Assets: $439,620

Net Debt:
[07.2020] ($157,380)

[Dutch Comfort]

Nice one, I'll join!

Mortgage (EUR 333K)
Assets EUR 19K

Net debt
July 2020 (EUR 314K)

Long way to go!!!!

[paulkots]

04/01/2019: $23,593.99
05/06/2019: $17,737.44
06/04/2019: $18,693.47
07/30/2019: $6,753.27
09/03/2019: $7,110.79
04/10/2020: $21,466.73
05/08/2020: $9,994.30
06/01/2020: $8,018.36
07/01/2020: $4,370.98

Could have done better but I bought a few very unnecessary things. Looks like I may be done in August now.

07/21/2020: $1,499.88

Finished just a bit earlier since my check showed up earlier and also sold a few things I didn't need on eBay. Birthday helped since a few people didn't want to go shopping so they gave cash.

[RWD]

04/01/2019: $23,593.99
05/06/2019: $17,737.44
06/04/2019: $18,693.47
07/30/2019: $6,753.27
09/03/2019: $7,110.79
04/10/2020: $21,466.73
05/08/2020: $9,994.30
06/01/2020: $8,018.36
07/01/2020: $4,370.98

Could have done better but I bought a few very unnecessary things. Looks like I may be done in August now.

07/21/2020: $1,499.88

Finished just a bit earlier since my check showed up earlier and also sold a few things I didn't need on eBay. Birthday helped since a few people didn't want to go shopping so they gave cash.

Congrats!

[Kierun]

04/01/2019: $23,593.99
05/06/2019: $17,737.44
06/04/2019: $18,693.47
07/30/2019: $6,753.27
09/03/2019: $7,110.79
04/10/2020: $21,466.73
05/08/2020: $9,994.30
06/01/2020: $8,018.36
07/01/2020: $4,370.98

Could have done better but I bought a few very unnecessary things. Looks like I may be done in August now.

07/21/2020: $1,499.88

Finished just a bit earlier since my check showed up earlier and also sold a few things I didn't need on eBay. Birthday helped since a few people didn't want to go shopping so they gave cash.

Congrats!

[frugalecon]

Total Debt: $167,266
Total Taxable Assets: $156,651

Net Debt:

[08.01.2020] ($10,615)
[07.01.2020] ($14,810)
[06.01.2020] ($23,983)
[05.15.2020] ($29,995)
[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)

[Dicey]

Total Debt: $167,266
Total Taxable Assets: $156,651

Net Debt:

[08.01.2020] ($10,615)
[07.01.2020] ($14,810)
[06.01.2020] ($23,983)
[05.15.2020] ($29,995)
[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)

So close!  Great progress, frugalecon!

[frugalecon]

Total Debt: $167,266
Total Taxable Assets: $156,651

Net Debt:

[08.01.2020] ($10,615)
[07.01.2020] ($14,810)
[06.01.2020] ($23,983)
[05.15.2020] ($29,995)
[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)

So close!  Great progress, frugalecon!

Thanks, @Dicey , slow and steady wins the race, right?

[Kierun]

02/20 - ~(556k)
03/20 - ~(572k)
04/20 - ~(579k)
05/20 - ~(545k)
06/20 - ~(544k)
07/20
Mortgage: ~368k
Mortgage: ~348k

Taxable: ~180k

Net: ~(536k)

08/20
Mortgage: ~366k
Mortgage: ~347k

Taxable: ~189k

Net: ~(524k)

[An Unassuming Moose]

$10700 > $10700
$59700 > $59700
$133500 > $130800
$140400 > $139900
$249700 > $249900

$160500 > $165300
$153200 > $155900

Totals $321200 - $591000 = $269800

Sept 2019: $318800
Oct 2019: $306600
Nov 2019: $296300
Jan 2020: $289200
Feb 2020: $286600
Mar 2020: $328700
April 2020: $314500
May 2020: $324200
June 2020: $292400
July 2020: $280300
August 2020: $269800

[Bird In Hand]

Mortgage: $0
Car: ~$18k
After-tax: ~$30k
Net: $12k

Mortgage: $0
Car: ~$16.5k
After-tax: ~$53k
Net: $36.5k

It's getting to the point where we have a bit too much cash hanging around in low-interest accounts.  So our after-tax number might go down by $12k in the next couple months.

[Morning Glory]

August 2018
Mortgage: -216,524 (30 yr at 3.75%)
Taxable: 113,056
Net debt equals -103,468

February 2019
Mortgage: -211,575
Taxable: 107,649
Net debt is -103,926

Also February 2019
Mortgage: 210,176
Taxable: 123,907
Net Debt: -86,269

January 2020
Mortgage -202,002
Taxable 132,135
Net Debt -69,867


Popping back in to post an update. We did a limited cash out refi for a 15 year at 3.25. Should have waited until rates dropped more but we got lender credit to cover the closing costs, so not a huge mistake. The limited cash out was to cover our escrow deposit and we also got some cash back from our previous lender because of payments we made while the loan was in progress. That plus our escrow refund went into my sofi account to buy VOO (was going to put it in Vanguard but sofi was doing a promotion where they match 1%, so I got an extra 79 bucks to invest.). 

So now my situation is:
Mortgage: 202,541
Taxable: 146,264
Net Debt: -56,277

[Dicey]

Good job, @Aunt Petunia!

[catlady]

This looks like the place for me \o/. I have a question though when you calculate your net debt do you include the price of the house if it sells as an asset? Or just the money that you have right now?

[frugalecon]

This looks like the place for me \o/. I have a question though when you calculate your net debt do you include the price of the house if it sells as an asset? Or just the money that you have right now?

As the OP, I will weigh in that when I started this thread, I conceived it as being the net of debts vs. the taxable financial assets in our various accounts. (So non-retirement.) I don’t include the value of the house. It is sort of, if I need to pay everything off today, how much am I short? I started it in part because of all the debates over mortgage payoffs vs. investments. You can work both sides of the ledger to reduce your net debt. Hope that helps.

Cheers,
Frugalecon

[catlady]

This looks like the place for me \o/. I have a question though when you calculate your net debt do you include the price of the house if it sells as an asset? Or just the money that you have right now?

As the OP, I will weigh in that when I started this thread, I conceived it as being the net of debts vs. the taxable financial assets in our various accounts. (So non-retirement.) I don’t include the value of the house. It is sort of, if I need to pay everything off today, how much am I short? I started it in part because of all the debates over mortgage payoffs vs. investments. You can work both sides of the ledger to reduce your net debt. Hope that helps.

Cheers,
Frugalecon

Makes sense. So to jump in.
Mortgage: -312,399.80
Saving account: 1,122.28
RRSP: 6000
RRSP SO: 1200

Net Debt: - 304,078

Well that calculation made me sad :/

[frugalecon]

Total Debt: $164,871
Total Taxable Assets: $161,067

Net Debt:

[09.01.2020] ($3,804)
[08.01.2020] ($10,615)
[07.01.2020] ($14,810)
[06.01.2020] ($23,983)
[05.15.2020] ($29,995)
[05.01.2020] ($32,441)
[04.02.2020] ($39,721) (global pandemic made the car go in reverse)
[03.01.2020] ($36,672)
[02.01.2020] ($38,955)
[01.06.2020] ($44,380) (Transferred out of taxable for backdoor Roth)
[12.22.2019] ($40,825) (Alas, had to withdraw $$ from taxable to pay for some home repairs)
[12.02.2019] ($33,885)
[11.02.2019] ($37,740)
[10.07.2019] ($43,292)
[9.06.2019] ($46,479)
[8.03.2019] ($47,514)
[7.02.2019] ($49,990)
[6.01.2019] ($53,091)
[5.03.2019] ($57,000)
[4.03.2019] ($58,280)
[3.02.2019] ($62,770)
[2.02.2019] ($68,065)
[1.03.2019] ($76,999)
[12.03.2018] ($80,591)
[11.30.2018] ($83,584)
[11.01.2018] ($90,537)
[09.03.2018] ($96,664)
[07.28.2018] ($103,664)

[Kierun]

03/20 - ~(572k)
04/20 - ~(579k)
05/20 - ~(545k)
06/20 - ~(544k)
07/20 - ~(536k)
08/20
Mortgage: ~366k
Mortgage: ~347k

Taxable: ~189k

Net: ~(524k)

09/20
Mortgage: ~364k
Mortgage: ~347k

Taxable: ~189k

Net: ~(522k)

[Dutch Comfort]

Mortgage (EUR 332K)
Assets EUR 19K

Net debt
July 2020 (EUR 314K)
September 2020 (EUR 313K)

Long way to go!!!! Need to increase speed......

[Dicey]

This looks like the place for me \o/. I have a question though when you calculate your net debt do you include the price of the house if it sells as an asset? Or just the money that you have right now?

As the OP, I will weigh in that when I started this thread, I conceived it as being the net of debts vs. the taxable financial assets in our various accounts. (So non-retirement.) I don’t include the value of the house. It is sort of, if I need to pay everything off today, how much am I short? I started it in part because of all the debates over mortgage payoffs vs. investments. You can work both sides of the ledger to reduce your net debt. Hope that helps.

Cheers,
Frugalecon

Makes sense. So to jump in.
Mortgage: -312,399.80
Saving account: 1,122.28
RRSP: 6000
RRSP SO: 1200

Net Debt: - 304,078

Well that calculation made me sad :/

Don't be sad. Everybody has to start somewhere, and you've managed to get yourself into a house already, hooray! I am concerned that your reserves are a bit low if something big on the house breaks, so maybe start with beefing up your EF a bit.

This is a classic case for cranking up the investments in lieu of mortgage acceleration. Invest first, so your investments will eventually do a lot of the lifting for you. Once your investment accounts balloon, as they inevitably will with time, you can consider mortgage obliteration.

Feel free to start a Case Study or ask questions over on the Don't Payoff Your Mortgage thread. We welcome discussion on both sides of the topic and we don't bite ;-)