Welcome, new readers! Please check out the "about" pages linked up top, and please help me reach my goal of an undetermined number of feed readers by an undetermined date by subscribing!
Net Worth Update: April 2010
From March 3 to April 3, my net worth increased an average of $28.92 per day, or $896.52 overall, to -$52,020.08. This is a 1.72% increase, and results in a projected zero net worth on 8/22/2014.
As recently discussed in last month’s comments, my financial situation is pretty damn stable right now, hence the lack of posts. I’m running on autopilot, and instead of staring at numbers and fiddling with things every day, I just don’t think about money much anymore. Which leaves little to write about. That’s a good thing, right?
Popularity: 2%
Related posts:
- Net Worth Update: February 2010
- Net Worth Update: March 2010
- January 2010 Net Worth Update and End of Year Summary
- Net Worth Update: August 2009
- Net Worth Update: July 2009
Did you enjoy this article? Please subscribe to Debt Sucks for superior enjoyability!
Previous post: Net Worth Update: March 2010
Next post: Net Worth Update: May 2010
{ 5 comments… read them below or add one }
Awesome job! You will be debt free before August 2014. Do you know why? Because you have a PLAN and you are sticking to it. Looking forward to watching your journey. I am going to add you to my Net Worth page that I am going to create on my blog.
Good job sticking to your plan. If there’s nothing else to fiddle with while running on ‘autopilot’ you could check that the repayments are optimised (maximise repayments off the high interest rate loans, and minimise those made towards the lowest interest rate loans), and look at finding a few extra bucks a day to pay off some additional principal – every $1 extra paid off today will probably make you $2 better off by the time the debt in cleared in four years time (due to the high interest rates being charged).
You can also start planning for ‘life after debt’ – the transition from focusing on the debt decreasing each day, to the focus being on your net worth increasing. If you continue to SAVE about $30 each day once the debt is paid off, where will you invest it? cash, bonds, stocks, real estate? direct investment or via mutual funds (watch the fees!) or index funds (my preference). What asset mix (eg. 50% cash, 25% stock index fund, 15% bond fund, 10% real estate fund). Will you save up cash until you have an ‘emergency fund’ (say, 3-6 months worth of living expenses saved up) before you start making more long-term investments? How will this savings rate, investment mix and expected long-term average rates of return fit in with your savings goals eg. buying a car/house etc, saving for retirement etc. etc.
There’s lots to think (and blog) about while your debt repayment plan continues to tick along nicely. Even if you don’t have a savings plan right now, it’s a good time to start reading up and making plans. Otherwise, there’s a risk that as soon as the debt is gone you’ll simply increase your daily spending by $30 a day, and never ‘get ahead’.
well some of us like hearing from you once in a while. enough wealth has a good idea. start studying up on “life after debt” stuff. and writing about it.
that way we get our jake fix and you get smarter about money. its a win/win really. 
Yes, its a good thing because you are on autopilot and now everything is taken care of to some degree, but No in that you aren’t writing as much. Some of us miss your “tables.”
Congratulations on having a stable financial life and a plan to pay off your debt. That puts you way ahead of the game.
Just discovered your blog. Bookmarked. There’s a lot to read here.