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Investing Stocks Bonds
in Assets, Blog, Bonds, Cash, Debt, Investing, Net Worth, Reports, Stocks, Wealth

Past Month’s Happenings

The February report. Man…how time flies by! I can’t believe it is already March. It has been a long, slow process in getting back into the swing of things. I know many of you probably realized I have been out of the loop for a while now. There are multiple reasons for that.

Numero Uno:

I was taking a class to prepare for the Project Management Professional exam. It was twice a week, Tuesdays and Thursdays from 5;30 to 8:30 pm. It lasted all the way from the first week of January to the last day of February.

Now that it is over, I’m hoping to get back into the rhythm of things. Now I just need to readjust to working out four to five days a week…lol.

Numero Dos:

I’ve been trying to focus a lot more on my writing. For too long, I’ve been neglecting what I feel is a need in my life, and that is to write, specifically fiction of various sorts.

I’ve decided to make a big push to self-publish this year, and the way I’m going to go about that is by publishing under multiple genres and under multiple pen names. This will allow me to practice all the skills I need to be a successful, selling author: obviously my writing skills, editing skills, my self-publishing and marketing skills. All of this while also allowing me to create passive income streams for myself.

Hopefully over the course of the next few months, you can actually start to see an increase in the Income Reports with respect to the books category. If things start to take of here, I’m going to report back on my findings. After all, if you never publish anything, you’ll never sell anything!

Numero Tres:

Working on the house. We’ve finally hit a point where we no longer have to actively work on the house to improve or maintain where it is at. We’ve gotten new furniture, installed shelves, hung pictures, painted, repaired, moved, and we have very few things left to do as of now (the landscaping is completely out of our heads…for now).

So, I look forward to not having to do house related things for a little while in the upcoming future. Now, without further rigmarole, let’s move on to the report!

The Report

DebtAmount ($, USD)Percentage Change From Last Month (%)Investments/Cash/Assets Amount ($, USD)Percentage Change From Last Month (%)
Student Loans38,546.15-7.11401k/IRAs12,193.227.50
Credit Card00Cash9489.32-9.63
Auto Loan8619.48-1.82Vehicles73290
Mortgage156,497.52-0.16Equity13,502.491.91
Total203,663.15-1.62Total42,514.030.21

The following are areas of note for February:

Debt

We substantially decreased our student loans because we completely paid off my private student loan!! Nearly $20k later, and it has been wiped out by aggressive payments. Our total loan burden dropped by over 7%. In one month. That is a huge accomplishment. 

We have now decided that we are going to pay $3100 per month on our loans until we kill all of the loans which have above a 5% interest rate. This is approximately half of our remaining loan burden, and should take another 5 months or so. At that point, we won’t have any student loans above some 3 or 4 odd percent.

We are then going try and funnel almost all of the extra money we were paying on our loans into our retirement investment accounts because the returns should outweigh the interest on our loans.

Wrap-Up

So, our total net worth is currently sitting at…drum roll, please…

-$161,149.12

As I stated in last month’s reports, people will a lot of the time, not include “good debt” such as a mortgage as part of their net worth calculations, but I don’t believe in that!

If you’ve got a bunch of debt towering over you, the bank isn’t going to care if you can’t pay your “good debt”. So, that is why I include it here.

As always, let’s talk about our investing and debt in the comments! Was there any kind of big change for your net worth in February? Let’s discuss! Have a great rest of the week, guys.

-That Learning Guy




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