Author Topic: Defeat the Net Debt  (Read 100863 times)

RWD

  • Walrus Stache
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  • Location: Arizona
Re: Defeat the Net Debt
« Reply #450 on: November 03, 2023, 04:32:03 PM »
Further backwards...

Home: $643k
Vehicle: $36k
Total debt: $679k

Brokerage: $377k


[11/1/2023] Net: ($302k)
[10/1/2023] Net: ($296k)
[9/1/2023] Net: ($288k)
[8/1/2023] Net: ($546k)
[7/1/2023] Net: ($548k)
[6/1/2023] Net: ($550k) (third house)
[5/1/2023] Net: $276k
[1/1/2023] Net: $230k
[1/1/2022] Net: $220k
[1/1/2021] Net: $183k
[1/1/2020] Net: $85k
[1/1/2019] Net: ($18k)
[1/1/2018] Net: ($11k)
[1/1/2017] Net: ($83k) (second house)
[1/1/2016] Net: $95k
[1/1/2015] Net: ($87k)
[1/1/2014] Net: ($138k)
[1/1/2013] Net: ($160k)
[1/1/2012] Net: ($176k)
[1/1/2011] Net: ($209k)
[1/1/2010] Net: ($221k)
[1/1/2009] Net: ($218k) (first house)
[1/1/2008] Net: ($36k)

EchoStache

  • Pencil Stache
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  • Posts: 796
Re: Defeat the Net Debt
« Reply #451 on: November 03, 2023, 05:37:59 PM »
November 1; lets see how a month off with no pay ended up.......

Debt: $409,733, down $2,038!
Mortgage $323,489 @ 4.375%
Car: $31,435 @ 0.9%
Solar: $25,207 @ 6.75%
Student Loans: $29,598 @ ~4%

Taxable: down $1167
$73,491

Net:
10/1 -$337,113.
11/1 -$336,242. Small improvement despite taxable dropping a bit.


TyGuy

  • Bristles
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  • Posts: 370
  • Age: 29
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #452 on: November 04, 2023, 01:50:58 PM »
Debts:
Mortgage: $209,631
Student Loans: $21,601

Assets:
Savings: $11,407
Taxable 1: $15,902
Taxable 2: $1,170
Taxable 3: $6,142

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


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)

I knew this wasn't going to be a great month as my savings were low and the market moved backwards. I should be able to reach my goal without a problem as I just maxed out my 401k for the year and December will be a 3 paycheck month for me!

Dutch Comfort

  • Bristles
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  • Posts: 407
  • Location: Europe
Re: Defeat the Net Debt
« Reply #453 on: December 01, 2023, 12:18:30 AM »
Mortgage (EUR 295K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 71K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)
December 2022 (EUR 236K)

January 2023 (EUR 232K)
February 2023 (EUR 234K)
March 2023 (EUR 232K)
April 2023 (EUR 231K)
May 2023 (EUR 225K)
June 2023 (EUR 223K)
July 2023 (EUR 222K)
August 2023 (EUR 221K)
September 2023 (EUR 222K)
October 2023 (EUR 222K)
November 2023 (EUR 224K)

STRETCH Goal for 2023: (EUR 210K)

A little backwards move because we already prepaid several items for our big family trip next year (like..... plane tickets..... to China!). This will be the last big family trip before our kids will head off to college I think, so we will do this in 2024! I'm not worried about not reaching my goal due to this. We have saved/budgetted for this trip, so in a few years time we will say it is just a little dip in our upward journey (and very much worth it....).

TyGuy

  • Bristles
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  • Posts: 370
  • Age: 29
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #454 on: December 01, 2023, 11:12:58 AM »
Debts:
Mortgage: $208,347
Student Loans: $21,536

Assets:
Savings: $11,953
Taxable 1: $18,328
Taxable 2: $1,288
Taxable 3: $7,259

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


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)


November was an excellent month. If the market hold, I will reach my goal simply by making my mortgage payment this month. My stretch goal remains a possibility as December is a three paycheck month for me, with any excess cash going into my taxable accounts! Good luck to everyone else participating in reaching your yearly goals!

frugalecon

  • Pencil Stache
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  • Posts: 735
Re: Defeat the Net Debt
« Reply #455 on: December 01, 2023, 07:08:37 PM »
Debts:
Mortgage: $208,347
Student Loans: $21,536

Assets:
Savings: $11,953
Taxable 1: $18,328
Taxable 2: $1,288
Taxable 3: $7,259

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


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)


November was an excellent month. If the market hold, I will reach my goal simply by making my mortgage payment this month. My stretch goal remains a possibility as December is a three paycheck month for me, with any excess cash going into my taxable accounts! Good luck to everyone else participating in reaching your yearly goals!

Well done, @TyGuy !

joe189man

  • Pencil Stache
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  • Posts: 917
Re: Defeat the Net Debt
« Reply #456 on: December 01, 2023, 08:48:44 PM »
October 2021

Debts
Mortgage - $465,000 (30 year @ 2.875%)
Student Loan paid in full

Cash/Taxable
Cash - $27,075
Taxable - $9,980
Total - $37,055

Net debt
$37,055 - $465,000 = -$427,945 ($27,710 MoM change)

December 2021
Debts
Mortgage - $463,358

Cash/Taxable
Cash - $27,200
Taxable - $15,917
Total - $43,117

Net debt
$43,117 - $463,358 = -$420,241 ($7,704  change)

January 2022
Debts
Mortgage - $462,534

Cash/Taxable
Cash - $30,225
Taxable - $25,500
Total - $55,225

Net debt
$55,225 - $462,534 = -$407,309 ($12,932  change) ($42,269 swing since march of last year)

I saw this pop up and remembered that its been a while  - we moved since this last update so lots has changed. Here is where we are now

Liabilities - $507,215 (new mortgage and an auto loan)
Cash Assets - $74,477 (Savings, High yield savings, crypto, brokerage)
Net Debt - $432,738

RWD

  • Walrus Stache
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  • Posts: 6602
  • Location: Arizona
Re: Defeat the Net Debt
« Reply #457 on: December 01, 2023, 10:25:03 PM »
Some progress thanks to the markets

Home: $642k
Vehicle: $35k
Total debt: $677k

Brokerage: $398k


[12/1/2023] Net: ($279k)
[11/1/2023] Net: ($302k)
[10/1/2023] Net: ($296k)
[9/1/2023] Net: ($288k)
[8/1/2023] Net: ($546k)
[7/1/2023] Net: ($548k)
[6/1/2023] Net: ($550k) (third house)
[5/1/2023] Net: $276k
[1/1/2023] Net: $230k
[1/1/2022] Net: $220k
[1/1/2021] Net: $183k
[1/1/2020] Net: $85k
[1/1/2019] Net: ($18k)
[1/1/2018] Net: ($11k)
[1/1/2017] Net: ($83k) (second house)
[1/1/2016] Net: $95k
[1/1/2015] Net: ($87k)
[1/1/2014] Net: ($138k)
[1/1/2013] Net: ($160k)
[1/1/2012] Net: ($176k)
[1/1/2011] Net: ($209k)
[1/1/2010] Net: ($221k)
[1/1/2009] Net: ($218k) (first house)
[1/1/2008] Net: ($36k)

EchoStache

  • Pencil Stache
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  • Posts: 796
Re: Defeat the Net Debt
« Reply #458 on: December 17, 2023, 02:29:01 PM »
Forgot to update 12/1, so here's a belated update:

Debt
11/01: $409,731
12/17:  $407,964
Mortgage $323,000 @ 4.375%
Car: $30,700 @ 0.9%
Solar: $24,960 @ 6.75%
Student Loans: $29,290 @ ~4%

Taxable:
11/01: $73,491
12/17: $92,270

Net:
10/01: -$337,113.
11/01: -$336,242. Small improvement despite taxable dropping a bit.
12/17: -$315,694.

RWD

  • Walrus Stache
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  • Posts: 6602
  • Location: Arizona
Re: Defeat the Net Debt
« Reply #459 on: December 30, 2023, 08:56:13 AM »
The market continues to deliver this year.

Home: $641k
Vehicle: $34k
Total debt: $675k

Brokerage: $413k


[1/1/2024] Net: ($262k)
[12/1/2023] Net: ($279k)
[11/1/2023] Net: ($302k)
[10/1/2023] Net: ($296k)
[9/1/2023] Net: ($288k)
[8/1/2023] Net: ($546k)
[7/1/2023] Net: ($548k)
[6/1/2023] Net: ($550k) (third house)
[5/1/2023] Net: $276k
[1/1/2023] Net: $230k
[1/1/2022] Net: $220k
[1/1/2021] Net: $183k
[1/1/2020] Net: $85k
[1/1/2019] Net: ($18k)
[1/1/2018] Net: ($11k)
[1/1/2017] Net: ($83k) (second house)
[1/1/2016] Net: $95k
[1/1/2015] Net: ($87k)
[1/1/2014] Net: ($138k)
[1/1/2013] Net: ($160k)
[1/1/2012] Net: ($176k)
[1/1/2011] Net: ($209k)
[1/1/2010] Net: ($221k)
[1/1/2009] Net: ($218k) (first house)
[1/1/2008] Net: ($36k)

Dutch Comfort

  • Bristles
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  • Posts: 407
  • Location: Europe
Re: Defeat the Net Debt
« Reply #460 on: January 02, 2024, 12:32:20 AM »
Mortgage (EUR 295K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 81K

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!!!!!

STRETCH Goal for 2024: (EUR 200K)

If we had not prepaid the China trip, we would have reached our goal for 2023, so I'm happy! For 2024 I have a slightly smaller goal this year, since we are expecting some major expenses. The China trip, dental work for our DS and some work on our house (painting/remodelling etc). So happy new year to all of you!

TyGuy

  • Bristles
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  • Posts: 370
  • Age: 29
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #461 on: January 02, 2024, 12:04:26 PM »
Debts:
Mortgage: $207,061
Student Loans: $21,456

Assets:
Savings: $12,502
Taxable 1: $19,150
Taxable 2: $1,666
Taxable 3: $10,101

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)


Wow! What a great year, I ended the year ~$1,000 away from my stretch goal (In reality, I reach my stretch goal as I saved $2,000 which I invested into my IRA which would have been placed in the taxable had I followed through on my plan)! It is exciting to see everyone making solid progress on their overall debt this year, congratulations!

I am unsure how to plan for next year as I will be moving and starting a new job this spring. My mortgage debt is likely to increase some, but it should not be substantial. For now, I would like to make my goals as if things were continuing the same for 2024 as they were in 2023 and make adjustments as the year continues and my financial outlook becomes more clear.

Dutch Comfort

  • Bristles
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  • Posts: 407
  • Location: Europe
Re: Defeat the Net Debt
« Reply #462 on: February 01, 2024, 01:40:13 AM »
Mortgage (EUR 293K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 82K

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!!!!!

January 2024 (EUR 211K)

STRETCH Goal for 2024: (EUR 200K)

Had a very good month, thanks to the stock market. We also did an extra payment on our mortgage, so this balance went down as well. Even with our travel plans, we can reach our goal for 2024!

RWD

  • Walrus Stache
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  • Posts: 6602
  • Location: Arizona
Re: Defeat the Net Debt
« Reply #463 on: February 01, 2024, 08:08:48 AM »
Baby steps. On pace for 2027.

Home: $641k
Vehicle: $33k
Total debt: $674k

Brokerage: $416k


[2/1/2024] Net: ($258k)
[1/1/2024] Net: ($262k)
[12/1/2023] Net: ($279k)
[11/1/2023] Net: ($302k)
[10/1/2023] Net: ($296k)
[9/1/2023] Net: ($288k)
[8/1/2023] Net: ($546k)
[7/1/2023] Net: ($548k)
[6/1/2023] Net: ($550k) (third house)
[5/1/2023] Net: $276k
[1/1/2023] Net: $230k
[1/1/2022] Net: $220k
[1/1/2021] Net: $183k
[1/1/2020] Net: $85k
[1/1/2019] Net: ($18k)
[1/1/2018] Net: ($11k)
[1/1/2017] Net: ($83k) (second house)
[1/1/2016] Net: $95k
[1/1/2015] Net: ($87k)
[1/1/2014] Net: ($138k)
[1/1/2013] Net: ($160k)
[1/1/2012] Net: ($176k)
[1/1/2011] Net: ($209k)
[1/1/2010] Net: ($221k)
[1/1/2009] Net: ($218k) (first house)
[1/1/2008] Net: ($36k)

TyGuy

  • Bristles
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  • Posts: 370
  • Age: 29
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #464 on: February 04, 2024, 10:44:24 AM »
Debts:
Mortgage: $205,773
Student Loans: $21,322

Assets:
Savings: $13,254
Taxable 1: $19,545
Taxable 2: $2,017
Taxable 3: $10,343

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)


Another great month, even without contributing to my taxable accounts with the exception of my cash savings. The beginning of the year is always slow due to maxing out my non-taxable accounts.

Dutch Comfort

  • Bristles
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  • Posts: 407
  • Location: Europe
Re: Defeat the Net Debt
« Reply #465 on: February 29, 2024, 11:50:51 PM »
Mortgage (EUR 293K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 84K

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!!!!!

January 2024 (EUR 211K)
February 2024 (EUR 209K)

STRETCH Goal for 2024: (EUR 200K)

Nice, quiet, but decent month. Will start the tax filing in March to get a nice refund in May/June (which will be used for early repayment of our mortgage).

RWD

  • Walrus Stache
  • *******
  • Posts: 6602
  • Location: Arizona
Re: Defeat the Net Debt
« Reply #466 on: March 02, 2024, 07:50:42 AM »
Good month for the markets.

Home: $640k
Vehicle: $32k
Total debt: $672k

Brokerage: $428k


[3/1/2024] Net: ($244k)
[2/1/2024] Net: ($258k)
[1/1/2024] Net: ($262k)
[12/1/2023] Net: ($279k)
[11/1/2023] Net: ($302k)
[10/1/2023] Net: ($296k)
[9/1/2023] Net: ($288k)
[8/1/2023] Net: ($546k)
[7/1/2023] Net: ($548k)
[6/1/2023] Net: ($550k) (third house)
[5/1/2023] Net: $276k
[1/1/2023] Net: $230k
[1/1/2022] Net: $220k
[1/1/2021] Net: $183k
[1/1/2020] Net: $85k
[1/1/2019] Net: ($18k)
[1/1/2018] Net: ($11k)
[1/1/2017] Net: ($83k) (second house)
[1/1/2016] Net: $95k
[1/1/2015] Net: ($87k)
[1/1/2014] Net: ($138k)
[1/1/2013] Net: ($160k)
[1/1/2012] Net: ($176k)
[1/1/2011] Net: ($209k)
[1/1/2010] Net: ($221k)
[1/1/2009] Net: ($218k) (first house)
[1/1/2008] Net: ($36k)

TyGuy

  • Bristles
  • ***
  • Posts: 370
  • Age: 29
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #467 on: March 03, 2024, 12:13:51 PM »
Debts:
Mortgage: $204,486
Student Loans: $21,161

Assets:
Savings: $13,453
Taxable 1: $20,222
Taxable 2: $2,160
Taxable 3: $10,852

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)

The series of excellent months continue! I also received nearly 5k back on my tax returns this year, which is currently not being tracked here, as it will be used for a down payment on a new house in the immediate future, otherwise I'd be way ahead of schedule on the year!

TyGuy

  • Bristles
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  • Posts: 370
  • Age: 29
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #468 on: April 01, 2024, 01:08:43 PM »
Debts:
Mortgage: $203,197
Student Loans: $20,909

Assets:
Savings: $16,006
Taxable 1: $20,540
Taxable 2: $1,823
Taxable 3: $11,111

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)

Feeling good about this thread this year, I think it is likely that I will exceed my stretch goal! My 401k is already half to the maximum after the first quarter, so the second half of the year should see large gains here!

RWD

  • Walrus Stache
  • *******
  • Posts: 6602
  • Location: Arizona
Re: Defeat the Net Debt
« Reply #469 on: April 01, 2024, 03:27:46 PM »
Had to start pulling some funds to pay for solar.

Home: $639k
Vehicle: $31k
Total debt: $670k

Brokerage: $420k


[4/1/2024] Net: ($250k)
[3/1/2024] Net: ($244k)
[2/1/2024] Net: ($258k)
[1/1/2024] Net: ($262k) (third house)
[1/1/2023] Net: $230k
[1/1/2022] Net: $220k
[1/1/2021] Net: $183k
[1/1/2020] Net: $85k
[1/1/2019] Net: ($18k)
[1/1/2018] Net: ($11k)
[1/1/2017] Net: ($83k) (second house)
[1/1/2016] Net: $95k
[1/1/2015] Net: ($87k)
[1/1/2014] Net: ($138k)
[1/1/2013] Net: ($160k)
[1/1/2012] Net: ($176k)
[1/1/2011] Net: ($209k)
[1/1/2010] Net: ($221k)
[1/1/2009] Net: ($218k) (first house)
[1/1/2008] Net: ($36k)

Dutch Comfort

  • Bristles
  • ***
  • Posts: 407
  • Location: Europe
Re: Defeat the Net Debt
« Reply #470 on: April 02, 2024, 12:58:05 AM »
Mortgage (EUR 293K)
Personal pension investments and Liquid Assets (without house value & company pension) EUR 87K

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!!!!!

January 2024 (EUR 211K)
February 2024 (EUR 209K)
March 2024 (EUR 206K)

STRETCH Goal for 2024: (EUR 200K) (EUR 190K)

I've adjusted my stretch goal...... with the current pace for 2024 and my expected salary increase / bonus opportunities for 2024 (only waiting for the paperwork to materialize), it really seems doable!