Defeat the Net Debt

[TyGuy]

@RWD

Excellent progress this past month, I hope you can keep your home repair/maintenance cost low!

[TyGuy]

Debts:
Mortgage: $192,818
Student Loans: $19,407

Assets:
Savings: $23,107
Taxable 1: $22,603
Taxable 2: $1,619
Taxable 3: $12,918

2021 Goal: (248K)
2022 Goal: (220K)
2023 Goal: (190K; Stretch 184k)
2024 Goal: (153K; Stretch 145K)


Net Debt: DEC 2020 ($261,341)
               DEC 2021 ($248,521)
               DEC 2022 ($226,794)
               JAN 2023 ($222,557)
               FEB 2023 ($219,331)
               MAR 2023 ($217,622)
               APR 2023 ($215,242)
               MAY 2023 ($213,078)
               JUN 2023 ($210,977)
               JUL 2023 ($205,630)
               AUG 2023 ($200,974)
               SEP 2023 ($199,191)
               OCT 2023 ($198,131)
               NOV 2023 ($196,611)
               DEC 2023 ($191,055)
               JAN 2024 ($185,098)
               FEB 2024 ($181,936)
               MAR 2024 ($178,960)
               APR 2024 ($174,626)
               MAY 2024 ($169,055)
               JUN 2024 ($166,079)
               JUL 2024 ($163,801)
               AUG 2024 ($162,535)
               SEP 2024 ($159,981)
               OCT 2024 ($157,267)
               NOV 2024 ($155,668)
               DEC 2024 ($151,978)


Happy to announce I reached my yearly goal! I'll see how close I get to my stretch goal with my yearly wrap up.


On a different note, the mortgage I am tracking here will disappear due to the sale of the house. I will update my posting for the new year using my new mortgage. Good luck to everyone as we finish the year!

[RWD]

@RWD

Excellent progress this past month, I hope you can keep your home repair/maintenance cost low!

Thanks! We need to replace some windows which we might do in 2025 but otherwise there are no known large looming bills.

[Arbitrage]

Mortgages/HELOC: $(372.0k) -> $(1,067k) -> $(544k) -> $(530k) -> $(526k) -> $(505k)
Student Loan: $(27.1k) -> $(26.3k) -> $(25.5k) -> $(22.3k) -> $(21.4k) -> $(16.5k)
Taxable: $313.3k -> $273.2k -> $673.7k -> $594.8k -> $638.7k -> $760.2k

Jan 2019: ($290.2k)
Apr 2019: ($278.4k)
Sep 2019: ($248.7k)
Dec 2019: ($217.3k)
Jul 2020: ($191.8k)
Jan 2021: ($85.8k)
Apr 2021: ($820.1k)
Aug 2021: $104.2k
Nov 2022: $42.5k
Mar 2023: $91.3k
Dec 2024: $238.7k

Might as well follow up with the good news story since nearly dipping negative.  This number may become important in the near future, as we might pay off the majority of our mortgage for cost (really income) control during upcoming college/ACA years.  Don't have quite enough to pay it off completely - and be comfortable managing our ER cash flows - but thinking about a recast to dip that mortgage payment way down. 

[Dutch Comfort]

Mortgage (EUR 283K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 95K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)
December 2022 (EUR 236K)
December 2023 (EUR 214K) - exactly 100K down since I started tracking!!!!!
December 2024 (EUR 188K)

2025 goal (EUR 160K)

Received a nice bonus and made the 2024 goal!
I'm setting the 2025 at a stretch to reach (EUR 160K), which is almost half of my starting point! Happy New Year all!

[joemandadman189]

January, 2025 Update

Mortgage - ~$452,600 - (made $9k lump sum payment)
Auto Loan - $0 - (paid off)
Total Debt - ~452,600

Cash Savings - $17,525
HYSA - $10,030
Brokerage - $137,977 (Big Growth)
Crypto - $31,695 (Big Growth)
Total - $197,227

Net Debt - $(255,373) - It's been a great year

01-01-2025 - $(255,373) +$77,706
09-01-2024 - $(333,079) +$21,455
05-01-2024 - $(354,534) +$78,204
12-01-2023 - $(432,738) -$25,429
01-01-2022 - $(407,309) +$12,932
12-01-2021 - $(420,241) +$7,704
10-01-2021 - $(427,945)

[RWD]

No progress this month...

63% defeated

[Dutch Comfort]

Mortgage (EUR 282K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 97K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)
December 2022 (EUR 236K)
December 2023 (EUR 214K) - exactly 100K down since I started tracking!!!!!
December 2024 (EUR 188K)

January 2025 (EUR 185K)

2025 goal (EUR 160K)

Nice decrease this month due to markets which outperformed my spending on flight tickets. Goals for 2025 is challenging, but let's see if we can get there.

[RWD]

Number moving towards 0 again.

65% defeated

[Dicey]

@RWD

Excellent progress this past month, I hope you can keep your home repair/maintenance cost low!

Thanks! We need to replace some windows which we might do in 2025 but otherwise there are no known large looming bills.

HehHeh, that's because they sneak up on you...

[Dutch Comfort]

Mortgage (EUR 282K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 98K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)
December 2022 (EUR 236K)
December 2023 (EUR 214K) - exactly 100K down since I started tracking!!!!!
December 2024 (EUR 188K)

January 2025 (EUR 185K)
February 2025 (EUR 184K)

2025 goal (EUR 160K)

I think this will be the latest decrease for a while, since I'm expecting major expenses in the next 2-3 months. All budgetted for, so not a real issue. Still working towards the stretch goal!

[RWD]

Nothing much of note this month.

64% defeated

[TyGuy]

Debts:
Mortgage: $426,318
Student Loans: $18,767

Assets:
Savings: $19,695
Taxable 1: $43,984
Taxable 2: $1,221
Taxable 3: $14,258

2025: Goal 349k; Stretch-Goal 340K


Net Debt: DEC 2020 ($261,341) (Began tracking net debt)
               DEC 2021 ($248,521)
               DEC 2022 ($226,794)
               DEC 2023 ($191,055)
               DEC 2024 ($151,978) (Sold old house, bought new house)
               MAR 2025 ($365,927)


I finally got around to updating my numbers to reflect my new mortgage. I finished maxing out my Roth IRA so I should have steady contributions to my taxable account for the remainder of the year!

[Dutch Comfort]

Mortgage (EUR 281K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 92K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)
December 2022 (EUR 236K)
December 2023 (EUR 214K) - exactly 100K down since I started tracking!!!!!
December 2024 (EUR 188K)

January 2025 (EUR 185K)
February 2025 (EUR 184K)
March 2025 (EUR 189K)

2025 goal (EUR 160K)

As expected...... the net debt increased. But, the holiday is paid and we're definitely looking forward to that. In the meantime, we could just do our regular contribution to our investments and personal pension plan, so we're still on track for the bigger plan (being mortgage free before retirement).

[diapasoun]

Rejoining with an updated goal, as I paid off my student loans (which was the content of the previous goal):

Get investments above mortgage.

Investments: $555,493.84
Mortgage: $687,124.74

Net debt: -$131,630.90

Investments: $592784.95
Mortgage: $682227.32

Net debt: $89,442.37

[TyGuy]

Debts:
Mortgage: $425,892
Student Loans: $18,598

Assets:
Savings: $19,695
Taxable 1: $41,880
Taxable 2: $1,189
Taxable 3: $13,956

2025: Goal 349k; Stretch-Goal 340K


Net Debt: DEC 2020 ($261,341) (Began tracking net debt)
               DEC 2021 ($248,521)
               DEC 2022 ($226,794)
               DEC 2023 ($191,055)
               DEC 2024 ($151,978) (Sold old house, bought new house)
               MAR 2025 ($365,927)
               APR 2025 ($367,770)


As expected, my number moved in the wrong direction this month and may continue to do so for several months. I however, will not be changing plans and sticking the course!!