Monday, April 29, 2013

Net Worth April 2013













Just the facts:

Assets are up to $106,204.53 from 
 $101,838.24 and debts down to $29,599.40 from $30,546.95  for a new net worth of $76,605.18 up $5,313.89 from $71,291.29.

Cash ought to be slightly volatile in the next month as some home goods purchases are made. I hope to keep my cash level steady as new inflows cancel out my small dip into savings.
Assets are composed of: $72,880.32 in investment/retirement accounts and $33,324.21
 in cash.
Debts are composed of: $29,424.15 in student debt. Other liabilities include $175.20 in credit card debt that is paid off in full each month.

Thanks for reading.

-educated debt

Wednesday, April 3, 2013

I've paid off 40k private student loans in 2.5 years

When I started this blog in 2010 I was making around 80k. I also had nearly 80k in debt. Times have changed. Debt is down to 29k of only federal (fixed rate) student loans and assets are very strong. My ability to pay off my debt and save is no small part due to income growth. I am now earning over 130k and I will be saving and paying down debt at an accelerated rate. I plan to have zero debt by the end of 2014 and it could occur as early as 7/14.

I hope my readers follow my lead to financial freedom and know a huge mountain of debt can be eroded with persistence.

Thanks for reading

Educated debt