Booyah world! I did it. I made it to positive net worth!! Time to do the Happy Dance!
If you’d told me at the beginning of October that my net worth would increase by $18k in just four months I would have laughed at you. If I were to guess at how much I expected it to change over these four months I probably would have told you $6k. I think increasing my net worth by $1.5k/mo was the high-end of my expectation. My assets are just about back to where I started at, even though my debt has decreased by nearly $20k. I knew I was getting close to positive net worth, but looking at the numbers right now…I’m still shocked. Thanks to everyone who has been following and supporting me along the way. This is a nice milestone to reach, but I still have a long, long way to go.
Edit: Yes, there’s a typo below. The column on the right is actually January 2011.
Woohoo! Congrats! Out of curiosity; what happened from Nov 10 to Dec 10 that you were able to wipe that $9000+ debt?
In December I sold a chunk of my investments in order to pay down my personal student loans. People will always argue whether it’s better to pay off debt or invest. But I can tell you, it felt great doing it and I haven’t regretted it.
Congrats on getting into the black! I bet it feels great! I would agree that paying off student debt makes sense ahead of investing as student debt can never be discharged, so you will have to pay up sooner or later.
Keep up the great work and welcome to the challenge!
I have to go with paying off debt no question!