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I skipped last years goals due to things being too hosed and unpredictable with the infamous retaining wall of doom that I needed to have built. All the payments and debt relating to that were wiped out in December so it's a good time to get back on track. My focus is back on my pitiful retirement savings: total retirement savings $36k Retirement savings goal for EoY: $86k Side goal: refinance the other half of my mortgage from 27 years to 15 years remaining.
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Jan 12, 2017 03:58
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Devian666 posted:I skipped last years goals due to things being too hosed and unpredictable with the infamous retaining wall of doom that I needed to have built. All the payments and debt relating to that were wiped out in December so it's a good time to get back on track. My retirement savings are still pitiful but I have deleveraged a floating rate loan used to buy a block of shares. Progress that doesn't change any numbers.
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Jan 30, 2017 23:00
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Rocks posted:i don't know if this is the thread for it, but my wife and i are buying a house this year. saved up $150k and it's going in on a down payment for a $750k fixer upper. hope to turn it around for $1M in 2-3 years. god bless. Congratulations on purchasing your future money pit. Even if you bought new it would consume a lot of money. On the upside there is a level of satisfaction with owning your own house.
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Feb 10, 2017 01:39
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Devian666 posted:I skipped last years goals due to things being too hosed and unpredictable with the infamous retaining wall of doom that I needed to have built. All the payments and debt relating to that were wiped out in December so it's a good time to get back on track. Still a bit of work to do and I need to reserve cash for upcoming tax bills over the next few months.
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Feb 15, 2017 00:26
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Proposition Castle posted:Down to $47,700 and my discipline is cracking real bad. Also I hate my job and am really close to walking out. This is the toughest part of being in debt. You have less freedom to choose what you do. If you really want to leave you should line up another job prior to resigning.
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Mar 14, 2017 03:45
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Devian666 posted:I skipped last years goals due to things being too hosed and unpredictable with the infamous retaining wall of doom that I needed to have built. All the payments and debt relating to that were wiped out in December so it's a good time to get back on track. Retirement savings $68k. House refinancing will probably happen within the next two weeks.
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Mar 20, 2017 04:13
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Rick Rickshaw posted:I'm updating on a "when I feel like it" schedule. Time for a random update! I think this is the best process for some. I'm only reporting relevant updates. If nothing has happened there's nothing for me to report.
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Mar 20, 2017 23:48
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EAT FASTER!!!!!! posted:End of Quarter 1 Update! The upside is that you used the car until it died. Gotta squeeze every last dollar out of everything.
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Mar 28, 2017 21:44
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Devian666 posted:My focus is back on my pitiful retirement savings: total retirement savings $36k Retirement savings: $72k+ I took a hit on a some shares where income was over reported leading to a 20% drop in share value. Fortunately a diverse portfolio is the correct way to invest. My index funds are doing alright too. Mortgage was just about refinanced yesterday but there was a error in the documentation. Waiting on an updated mortgage contract to be emailed through today. I'm splitting between 1, 2 and 3 year fixed and the rates I've been offered are exceptionally good. The split allows for hedging against interest rate changes and balances potential for early repayments if interest costs start exceeding investment returns. e: refinancing signed and good rates are locked in, and they're a lot better than I imagined they would be. I should really thank the Fed for making an incredible mess of the financial system for my benefit. Goal complete. Overall: on track. Devian666 fucked around with this message at 23:41 on Apr 6, 2017 |
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Apr 5, 2017 00:15
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Devian666 posted:I skipped last years goals due to things being too hosed and unpredictable with the infamous retaining wall of doom that I needed to have built. All the payments and debt relating to that were wiped out in December so it's a good time to get back on track. My retirement savings have crossed over $88k exceeding the savings goal for this year. I didn't update for ages as I've been rapidly reducing floating rate debt that I've used for leverage. The gains have been good and I still have $15k to pay down after today's trades. It's time to buckle up for rough economic times in New Zealand. The side goal was completed almost two months ago. Refinancing complete and the mortgage balance is going down at a substantial rate. My secondary goal is reducing the floating rate debt but I expect that will be gone in a couple of months so it's not worth tracking at this time. I wasn't expecting to complete these goals so early but opportunities, income and some good trades have worked in my favour.
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Jun 22, 2017 01:17
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Not a Children posted:- Pass PE exam on first attempt Preparations have begun. The realness is slowly setting in. I hope that works out. Where I live it's more interview, project design and paperwork based. Different but it's a good achievement.
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Jul 31, 2017 23:22
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Potrzebie posted:Yesterday we closed on a house. This is a good financial idea, no? It's always difficult to say until you have the benefit of hindsight. My house value went up by about $170k in the two years after I bought it and is still at that value. Turns out it was a good idea.
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Oct 30, 2017 02:15
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metallicaeg posted:Commentary on me being Bad With Money is welcome and any suggestions on how to eliminate this poo poo quicker too Apologies for the double post but I though this would be clearer as a separate post. I'm assuming you are in the US so you do not have the same banking flexibility otherwise I'd suggest moving some of the debts to an overdraft/revolving credit (HELOC) against the house. Looking at your credit cards and school loan you seem to be a in a cash flow bind. I'd say just proceed with what you are a currently doing. What you are proposing to do is effectively shift some of the debt to lower interest cards. I think that is your best option now that you are moving away from only being able to pay minimum payments each month. Do stick with it as it's a painfully slow seeming process at the start. However if you keep this up your debts will look a lot better in a few years time. Sometimes I would suggest paying off the lowest balances first (snowball repayment) but you seem to be able to handle the administration of all of these debts. Along with the four small ones being repaid early next year anyway it's a moot point.
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Oct 30, 2017 02:24
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metallicaeg posted:Yeah we have loans and/or credit that can be taken against home equity, but in my case I bought a cheap house with little down and even after 5 years in this house I only have about 10k in equity. It takes a long time to get any significant equity on 30 year mortgages. There's not much you can do other than what you're planning already as the sum of your minimum payments must be considerable.
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Oct 30, 2017 03:05
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| # ¿ May 2, 2024 12:05 |
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I hit my goals and exceeded them. I even managed to eliminate the floating rate debt that I'd used as leverage for my investments. Next year is going to be interesting as I've cleared out a number of goals that I'd planned on for many years.
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Dec 2, 2017 23:12
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